117 | Annual Report | 2024-2025 E. Reporting of related party transactions Every contract or arrangement, which is required to be approved by the Board/ shareholders under this Policy, shall be referred to in the Board’s report to the shareholders along with the justification for entering into such contract or arrangement. The details of all transactions with related parties shall be submitted, in the format specified, half yearly to the stock exchanges, as per the manner and timelines set-out in the Listing Regulations and the same shall be published on the Company’s website. F. Adoption This policy shall be reviewed by the Board of Directors at least once in every 3 (three) years, updated accordingly and any changes made during the annual reviews shall be adopted by the resolution of the Board of Directors. The Policy shall be published on website of the Company and shall be disclosed in the Annual Report of the Company. H. Limitation and Amendment In the event of any conflict between the provisions of this Policy and of the Act or Listing Regulations or any other statutory enactments, rules, the provisions of such Act or Listing Regulations or statutory enactments, rules shall prevail over this Policy. Any subsequent amendment / modification in the Listing Regulations, Act and/or applicable laws in this regard shall automatically apply to this Policy. I. Disclosure of the Policy This Policy will be uploaded on the website of the Company. The approval policy framework is given below: Audit Committee Approval (only those members who are Independent Directors), Board approval Shareholders’ approval All Related Party Transactions Related Party Transactions referred by the Audit Committee for approval of the Board. Related Party Transactions not in the ordinary course of business and not on arm’s length basis. Material and subsequent material modification related party transactions not in the Ordinary Course of Business and/or not at Arm's length basis and/or exceeds the prescribed threshold limit as per the Act and as per Regulation 23 of the SEBI LODR Regulations, 2015.
RkJQdWJsaXNoZXIy NTE5NzY=