STATUTORY REPORTS | Corporate Governance Report 223 CSR Committee Report for the financial year ended 31st March 2026: Activities of the Committee during the year Frequency Review and recommended to the Board, Business Responsibility and Sustainability Report and Corporate Social Responsibility Report of the Company for the Financial Year 2024-25 for approval and inclusion in the Annual Report of the Company A Reviewed the Impact Assessment Studies for projects that qualified for Impact Assessment during FY 2024–25 and noting of projects qualifying for Impact Assessment during FY 2025–26. A Reviewed the Company’s Business Responsibility and Sustainability Performance of the Company for the Financial Year 2025-26 P Reviewed and approved revised CSR Budget and amendment to the Annual Action Plan for the Financial Year 2025-26 and recommended the same to the Board A / E Reviewed and approved amendment in the CSR Policy including approval of the updated annexure to the CSR Policy pertaining to the CSR Projects undertaken by the Company in the Financial Year 2025-26 and recommended the same to the Board A / E Considered and approved CSR Budget and the Annual Action Plan for the Financial Year 2026-27 and recommended the same to the Board A Considered, approved and recommended to the Board for its approval classification of a CSR project as an Ongoing CSR project and Opening of Unspent Corporate Social Responsibility Account E Reviewed the projects and programs under Corporate Social Responsibility Projects of the Company and CSR Project‑wise Expenditure for Financial Year 2025-26 including the status of utilization of fund(s) by the Implementing Agencies for the Financial Year P Frequency: A Annually P Periodically E Event-Based E. Risk Management Committee (‘RMC’) Committee Composition This Committee comprises of the following Directors viz. Ms. Shikha Sharma (Chairperson of the Committee), Dr. Anish Shah, Mr. Rajesh Jejurikar, Mr. Ranjan Pant, Ms. Samina Hamied and Mr. M.P. Vijay Kumar. Further, the Meetings of the Committee are also attended by Chief Risk Officer, Group Chief Financial Officer and Group Chief Internal Auditor. The Company Secretary is the Secretary to the Committee. During the year under review, the Board at its Meeting held on 6th October 2025, re-constituted the Committee owing to the unfortunate and untimely demise of Mr. T. N. Manoharan, the erstwhile Chairman of the Committee, on 30th July 2025 and appointed Ms. Shikha Sharma as the Chairperson of the Committee and inducted Ms. Samina Hamied as a Member of the Committee with effect from 7th October 2025. Further, the Board at its Meeting held on 11th February 2026 inducted Mr. M. P. Vijay Kumar as a Member of the Committee with effect from 11th February 2026. Key Terms of Reference The terms of the reference of RMC are wide and are in line with the regulatory requirements of the SEBI LODR Regulations and inter-alia, includes: 1. Formulation of a detailed Risk Management Policy, which shall include: a. Framework for identification of internal and external risks specifically faced by the Company, in particular including financial, operational, sectoral, sustainability (particularly, ESG related risks), information, cyber security risks or any other risk as may be determined by RMC; b. Measures for risk mitigation including systems and processes for internal control of identified risks; and c. Business continuity plan. 2. Ensuring that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company.
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