STATUTORY REPORTS | Corporate Governance Report 215 100% 3 9 100% Independence Members Meetings Average Attendance Attendance at the Meetings The Committee met 9 times during the year under review on 26th April 2025, 2nd & 5th May 2025, 11th July 2025, 30th July 2025, 3rd November 2025, 12th November 2025, 10th February 2026, 13th March 2026 and 31st March 2026. The gap between two Meetings did not exceed one hundred and twenty days. The attendance at the Meetings was as under: Name of Directors 26th April 2025 2nd & 5th May 20251 11th July 2025 30th July 2025 3rd November 2025 12th November 2025 10th February 2026 13th March 2026 31st March 2026 % of Attendance Mr. M. P. Vijay Kumar (Chairman)2 100% Mr. T. N. Manoharan (Erstwhile Chairman)3 100% Ms. Shikha Sharma4 100% Mr. Muthiah Murugappan 100% % of attendance at the Meeting 100% 100% 100% 100% 100% 100% 100% 100% 100% Date of Audit Committee Meetings and Attendance thereof 1 The meeting held on 2nd May 2025 was adjourned to 5th May 2025 to transact the remaining agenda items 2 Inducted as Chairman of the Committee w.e.f. 7th October 2025 3 Ceased to be a Member and Chairman of the Committee w.e.f. 30th July 2025 4 Elected as Chairperson for the meeting dated 30th July 2025 Attended Leave of Absence Not applicable Audit Committee Report for the financial year ended 31st March 2026 Activities of the Committee during the year Frequency Reviewed Quarterly, Half yearly and Annual Standalone and Consolidated Financial results/statements of the Company prepared in accordance with the Indian Accounting Standards (Ind AS) as specified under the Act read with the relevant rules thereunder Q / A Held discussions with the Statutory Auditors regarding the Company’s financial statements, scope of their Reports and sought the auditors’ judgment on the quality and applicability of the accounting principles, the reasonableness of significant judgments, the adequacy of disclosures in the financial statements and other matters as the Committee deemed necessary Q Considered and recommended to the Board the Audit Fees and Fees payable for other services rendered by the Statutory Auditors during the year under review A Considered and made recommendation on the Remuneration payable to the Group Chief Internal Auditor and Group Chief Financial Officer of the Company A Reviewed the performance of the Statutory Auditors and Group Chief Internal Auditor A / E Reviewed with auditors, the nature and scope of the audit along with the review of audit engagement to ascertain adequacy and appropriateness E Reviewed the Management Discussion and Analysis of the financial performance with respect to operations of the Company A Reviewed the matters required to be included in Directors’ Responsibility Statement A Reviewed the internal audit findings, the action taken status and other matters concerning the internal audit function of the Company and the Group Q Considered and recommended to the Board appointment of Secretarial Auditors with effect from 1st April 2025 for a term of 5 (five) consecutive years up to 31st March 2030 for conducting the Secretarial Audit of the Company and remuneration payable to them. E Frequency: A Annually Q Quarterly E Event-Based
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