Policy on Board Diversity

INTRODUCTION

The Policy on Board Diversity (the “Policy”) for the Board of Directors (the “Board”) of Anupam Rasayan India Limited (the “Company”) has been devised by the Nomination and Remuneration Committee (“NRC”) in compliance  with Regulation 19(4) read with Part D of the Schedule II of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) to ensure  that the Board is fully diversified and comprises of an ideal combination of Executive and Non-Executive Directors, including Independent Directors, with varied skills, experience, background, gender, and perspectives, contributing to the effective governance of the Company and its long-term sustainability.

PURPOSE AND OBJECTIVE

The objective of this policy is to ensure that the composition of the Board always have an optimum combination with a wide range of attributes so that the Board of Directors of the Company reflects diversity in terms of gender, age, ethnicity, experience, expertise, and other relevant characteristics. By fostering a diverse Board, the Company aims to promote better decision-making, improved corporate governance and enhance the value it provides to its stakeholders.

APPLICABILITY

The Policy applies to the composition of the Board only and does not apply to diversity in relation to the employees of the Company.

POLICY STATEMENT

The Company continuously seeks to enhance the effectiveness of its Board so as to maintain the highest standards of corporate governance and for this, it embraces diversity in the Boardroom. The Company sees diversity as a wide concept and believes that a truly diverse Board will include and make good use of differences in the skills, regional and industry experience, background, race, gender, nationality, cultural background and other distinctions between Directors and would support the attainment of its strategic objectives and its sustainable development. In determining its approach on diversity, the Company shall also take into account other factors including its own business model, ethics, policies and industry specific needs from time to time.

ROLE OF NOMINATION AND REMUNERATION COMMITTEE

The NRC shall be responsible for recommending the composition of the Board, including the selection of new directors in line with the objectives of this policy. The NRC shall ensure that candidates for the Board have diverse skills, experiences and perspectives that complement the existing members of the Board.

When identifying and recommending the candidates for the Board, the NRC shall consider the following:

• Skills, qualifications, and experience that align with the Company’s strategic direction.
• The need to ensure gender diversity and balance across various categories.
• The diversity of background, age, ethnicity, and professional experience.
• The independence of independent directors, in compliance with the Companies Act, 2013 and SEBI Listing Regulations.

The NRC shall ensure that no person is discriminated on the grounds of religion, race, gender or related physical disability, nationality or ancestry, marital status, age or any other personal or physical attribute which does not concern such person’s ability to perform as a Board member.

MONITORING, REVIEW AND AMENDMENT OF POLICY

The NRC shall review the policy periodically or as and when required, to reflect any changes in regulatory requirements and to ensure the effectiveness of the Policy. The review shall include:

• An assessment of the current level of diversity of the Board.
• A comparison of the Board’s Composition with the diversity goals set forth in this policy.
• Evaluation of the effectiveness of the Board in fulfilling its duties with diverse perspectives and expertise.

Based on the review, the NRC shall recommend such necessary requirements to the Board for its consideration and approval.

DISCLOSURE OF THE POLICY

This policy is available on the Company’s website i.e., www.anupamrasayan.com.