{"id":314,"date":"2025-05-29T12:04:05","date_gmt":"2025-05-29T12:04:05","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar25\/?page_id=314"},"modified":"2025-07-11T14:52:08","modified_gmt":"2025-07-11T14:52:08","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar25\/corporate-governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"\n\n\t
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\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tBoard of Directors\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t
\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tManagement Team\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t
\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tChairman\u2019s Letter\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t
\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tManagement Discussion & Analysis\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t
\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tDirector\u2019s Report\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t
\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tCorporate Governance\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\t
\n\t\t\n\t\t\t\t\t\t\n\t\t\t\tGeneral Shareholder Information\t\t\t<\/span>\n\t\t<\/a>\n\t<\/div>\n\t\n\n\n\t<\/div>\n\t\n\n\t\t<\/div>\n\t\t<\/div><\/div>\t\t\t<\/div>\n\n\t\n\n\t
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\n\t\t\t\n\t\t\t\n\n\n\n\n\n\t\n\t\t\n\t\tCGR<\/title>\n\t\t<style>\n\t\t\tbody, div, dl, dt, dd, h1, h2, h3, h4, h5, h6, p, pre, code, blockquote, figure {\n\tmargin:0;\n\tpadding:0;\n\tborder-width:0;\n}\nbody {\n\t-epub-hyphens:auto;\n}\ndiv.Basic-Text-Frame {\n\tborder-style:solid;\n}\ntable.Annual-Report-Main-Table {\n\tborder-collapse:collapse;\n\tborder-color:#000000;\n\tborder-style:none;\n\tborder-width:0px;\n\tmargin-bottom:0px;\n\tmargin-top:0px;\n}\ntd.Annual-Report-Main-Table, th.Annual-Report-Main-Table 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{\n\t-epub-hyphens:none;\n\tcolor:#000000;\n\tfont-family:\"Poppins Light\", sans-serif;\n\tfont-size:14px;\n\tfont-style:normal;\n\tfont-variant:normal;\n\tfont-weight:300;\n\tline-height:1.357;\n\tlist-style-position:outside;\n\tlist-style-type:decimal;\n\tmargin-bottom:0;\n\tmargin-left:30px;\n\tmargin-right:0;\n\tmargin-top:9px;\n\torphans:1;\n\tpage-break-after:auto;\n\tpage-break-before:auto;\n\ttext-align:left;\n\ttext-decoration:none;\n\ttext-indent:-30px;\n\ttext-transform:none;\n\twidows:1;\n}\np.Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 {\n\t-epub-hyphens:none;\n\tcolor:#000000;\n\tfont-family:\"Poppins Light\", sans-serif;\n\tfont-size:14px;\n\tfont-style:normal;\n\tfont-variant:normal;\n\tfont-weight:300;\n\tline-height:1.357;\n\tlist-style-position:outside;\n\tlist-style-type:decimal;\n\tmargin-bottom:15px;\n\tmargin-left:30px;\n\tmargin-right:0;\n\tmargin-top:0;\n\torphans:1;\n\tpage-break-after:auto;\n\tpage-break-before:auto;\n\ttext-align:left;\n\ttext-decoration:none;\n\ttext-indent:-30px;\n\ttext-transform:none;\n\twidows:1;\n}\nspan.Bold {\n\tfont-family:Poppins, sans-serif;\n\tfont-style:normal;\n\tfont-weight:bold;\n}\n.Bullet {\n\tcolor:#005dac;\n\tfont-family:\"Zapf Dingbats\", sans-serif;\n\tfont-size:8px;\n\tfont-style:normal;\n\tfont-weight:normal;\n}\nspan.Colour {\n\tcolor:#005dac;\n}\nspan.Hyperlink {\n\tcolor:#005dac;\n\tfont-family:\"Poppins Light\", sans-serif;\n\tfont-style:normal;\n\tfont-weight:300;\n\ttext-decoration:underline;\n}\nspan.ITF-Rupee {\n\tcolor:#000000;\n\tfont-family:\"ITF Rupee\", sans-serif;\n\tfont-style:normal;\n\tfont-weight:normal;\n\ttext-decoration:none;\n}\nspan.Italic {\n\tfont-family:\"Poppins Light\", sans-serif;\n\tfont-style:italic;\n\tfont-weight:300;\n}\nspan._idGenBNMarker-1 {\n\tdisplay:inline-block;\n\ttext-indent:0;\n\twidth:30px;\n}\nspan._idGenBNMarker-2 {\n\tdisplay:inline-block;\n\tfont-family:\"Zapf Dingbats\", sans-serif;\n\tfont-style:normal;\n\tfont-weight:normal;\n\ttext-indent:0;\n\twidth:30px;\n}\nspan._idGenBNMarker-3 {\n\tdisplay:inline-block;\n\ttext-indent:0;\n\twidth:18px;\n}\ntd.CellOverride-1 {\n\tborder-top-width:0px;\n}\ntd.CellOverride-2 {\n\tborder-top-width:0px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-3 {\n\tvertical-align:top;\n}\ntd.CellOverride-4 {\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n\tvertical-align:top;\n}\ntd.CellOverride-5 {\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tvertical-align:top;\n}\ntd.CellOverride-6 {\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-7 {\n\tpadding-top:14px;\n}\ntd.CellOverride-8 {\n\tborder-right-style:solid;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:14px;\n}\ntd.CellOverride-9 {\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n\tpadding-top:14px;\n}\ntd.CellOverride-10 {\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:14px;\n}\ntd.CellOverride-11 {\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n\tpadding-top:3px;\n}\ntd.CellOverride-12 {\n\tborder-right-style:solid;\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-13 {\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n}\ntd.CellOverride-14 {\n\tborder-left-style:solid;\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-15 {\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-16 {\n\tborder-left-style:solid;\n}\ntd.CellOverride-17 {\n\tpadding-bottom:3px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-18 {\n\tpadding-bottom:3px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:3px;\n}\ntd.CellOverride-19 {\n\tpadding-bottom:5px;\n\tpadding-top:5px;\n}\ntd.CellOverride-20 {\n\tborder-right-style:solid;\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n}\ntd.CellOverride-21 {\n\tborder-left-style:solid;\n\tborder-right-style:solid;\n\tpadding-bottom:5px;\n\tpadding-top:5px;\n}\ntd.CellOverride-22 {\n\tborder-left-style:solid;\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n}\ntd.CellOverride-23 {\n\tpadding-bottom:5px;\n\tpadding-top:5px;\n\tvertical-align:top;\n}\ntd.CellOverride-24 {\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n\tvertical-align:top;\n}\ntd.CellOverride-25 {\n\tborder-bottom-color:#000000;\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n\tvertical-align:top;\n}\ntd.CellOverride-26 {\n\tborder-bottom-color:#000000;\n\tborder-top-color:#000000;\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n\tvertical-align:top;\n}\ntd.CellOverride-27 {\n\tborder-top-color:#000000;\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n\tvertical-align:top;\n}\ntd.CellOverride-28 {\n\tborder-bottom-color:#005dac;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:14px;\n}\ntd.CellOverride-29 {\n\tborder-top-color:#005dac;\n\tpadding-left:2px;\n\tpadding-right:3px;\n}\ntd.CellOverride-30 {\n\tborder-bottom-color:#005dac;\n\tpadding-top:20px;\n}\ntd.CellOverride-31 {\n\tpadding-top:20px;\n}\ntd.CellOverride-32 {\n\tborder-right-style:solid;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tvertical-align:top;\n}\ntd.CellOverride-33 {\n\tborder-left-style:solid;\n\tborder-right-color:#000000;\n\tborder-right-style:solid;\n\tvertical-align:top;\n}\ntd.CellOverride-34 {\n\tborder-right-style:solid;\n\tvertical-align:top;\n}\ntd.CellOverride-35 {\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:20px;\n}\ntd.CellOverride-36 {\n\tborder-bottom-color:#005dac;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:20px;\n}\ntd.CellOverride-37 {\n\tborder-bottom-color:#005dac;\n\tpadding-bottom:5px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:5px;\n}\ntd.CellOverride-38 {\n\tborder-right-style:solid;\n}\ntd.CellOverride-39 {\n\tpadding-bottom:3px;\n\tpadding-top:3px;\n\tvertical-align:top;\n}\ntd.CellOverride-40 {\n\tborder-bottom-color:#005dac;\n\tpadding-top:14px;\n}\ntd.CellOverride-41 {\n\tborder-top-color:#005dac;\n}\ntd.CellOverride-42 {\n\tborder-bottom-color:#005dac;\n\tpadding-top:4px;\n}\ntd.CellOverride-43 {\n\tpadding-top:4px;\n}\ntd.CellOverride-44 {\n\tborder-right-style:solid;\n\tpadding-bottom:4px;\n\tpadding-top:6px;\n}\ntd.CellOverride-45 {\n\tborder-left-style:solid;\n\tpadding-bottom:4px;\n\tpadding-top:6px;\n}\ntd.CellOverride-46 {\n\tpadding-bottom:4px;\n\tpadding-top:4px;\n}\ntd.CellOverride-47 {\n\tvertical-align:middle;\n}\ntd.CellOverride-48 {\n\tborder-right-style:solid;\n\tpadding-bottom:4px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd.CellOverride-49 {\n\tborder-left-style:solid;\n\tpadding-bottom:4px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\ntd.CellOverride-50 {\n\tpadding-bottom:4px;\n\tpadding-left:2px;\n\tpadding-right:3px;\n\tpadding-top:4px;\n\tvertical-align:top;\n}\np.ParaOverride-1 {\n\tmargin-bottom:15px;\n}\np.ParaOverride-2 {\n\tmargin-top:15px;\n}\np.ParaOverride-3 {\n\tlist-style-position:outside;\n\tlist-style-type:none;\n\tmargin-left:30px;\n\ttext-indent:-30px;\n}\np.ParaOverride-4 {\n\tmargin-left:0px;\n\tmargin-top:9px;\n\ttext-indent:0px;\n}\np.ParaOverride-5 {\n\tmargin-left:0px;\n\tmargin-top:15px;\n\ttext-indent:0px;\n}\np.ParaOverride-6 {\n\tmargin-left:0px;\n\ttext-indent:0px;\n}\np.ParaOverride-7 {\n\tmargin-top:30px;\n}\np.ParaOverride-8 {\n\tmargin-left:18px;\n\ttext-indent:-18px;\n}\np.ParaOverride-9 {\n\tmargin-left:18px;\n}\np.ParaOverride-10 {\n\tmargin-top:6px;\n}\np.ParaOverride-11 {\n\tmargin-top:20px;\n}\np.ParaOverride-12 {\n\tmargin-bottom:15px;\n\tmargin-top:0px;\n}\np.ParaOverride-13 {\n\tmargin-bottom:0px;\n}\np.ParaOverride-14 {\n\tlist-style-position:outside;\n\tlist-style-type:none;\n\tmargin-left:18px;\n\ttext-indent:-18px;\n}\np.ParaOverride-15 {\n\tmargin-left:18px;\n\tmargin-top:4px;\n}\np.ParaOverride-16 {\n\ttext-align:center;\n}\np.ParaOverride-17 {\n\tmargin-bottom:0px;\n\tmargin-top:50px;\n}\nspan.CharOverride-1 {\n\tfont-size:58%;\n\tvertical-align:super;\n}\nspan.CharOverride-2 {\n\tfont-family:\"Poppins Light\", sans-serif;\n\tfont-style:normal;\n\tfont-weight:300;\n}\nspan.CharOverride-3 {\n\tfont-variant:normal;\n\ttext-transform:uppercase;\n}\nspan.CharOverride-4 {\n\tcolor:#000000;\n\tfont-size:8px;\n}\nspan.CharOverride-5 {\n\t-webkit-text-combine:none;\n\tcolor:#000000;\n\tfont-family:\"Poppins Light\", sans-serif;\n\tfont-size:14px;\n\tfont-style:normal;\n\tfont-variant:normal;\n\tfont-weight:300;\n\ttext-decoration:none;\n\ttext-transform:none;\n}\ntd._idGenCellOverride-1 {\n\tborder-bottom-color:#666666;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n}\ntd._idGenCellOverride-2 {\n\tborder-bottom-color:#efeff0;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-3 {\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#666666;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-4 {\n\tborder-bottom-color:#efeff0;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#efeff0;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-5 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#666666;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-6 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#666666;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ntd._idGenCellOverride-7 {\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-8 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n}\ntd._idGenCellOverride-9 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tpadding-left:3px;\n\tpadding-right:3px;\n}\ntd._idGenCellOverride-10 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tpadding-left:3px;\n\tpadding-right:3px;\n}\ntd._idGenCellOverride-11 {\n\tborder-bottom-color:#808285;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#efeff0;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-12 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#efeff0;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-13 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-14 {\n\tborder-bottom-color:#e6e6e6;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-15 {\n\tborder-bottom-color:#666666;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-16 {\n\tborder-bottom-color:#666666;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:2px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n}\ntd._idGenCellOverride-17 {\n\tborder-bottom-color:#efeff0;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n}\ntd._idGenCellOverride-18 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n}\ntd._idGenCellOverride-19 {\n\tborder-bottom-color:#efeff0;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#e6e6e6;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-20 {\n\tborder-bottom-color:#efeff0;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-21 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-right-style:solid;\n\tborder-right-width:0px;\n\tborder-top-color:#666666;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n\tpadding-left:3px;\n\tpadding-right:3px;\n}\ntd._idGenCellOverride-22 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ntd._idGenCellOverride-23 {\n\tborder-bottom-color:#e6e6e6;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#efeff0;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-24 {\n\tborder-bottom-color:#e6e6e6;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#e6e6e6;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-25 {\n\tborder-bottom-color:#e1e4f3;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#efeff0;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-26 {\n\tborder-bottom-color:#efeff0;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#e1e4f3;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-27 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-color:#808285;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-28 {\n\tborder-bottom-color:#e1e4f3;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-29 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n\tpadding-bottom:6px;\n\tpadding-top:6px;\n}\ntd._idGenCellOverride-30 {\n\tborder-bottom-style:solid;\n\tborder-bottom-width:0px;\n\tborder-top-style:solid;\n\tborder-top-width:0px;\n}\ntd._idGenCellOverride-31 {\n\tborder-top-color:#666666;\n\tborder-top-style:solid;\n\tborder-top-width:2px;\n}\ncol._idGenTableRowColumn-1 {\n\twidth:179px;\n}\ncol._idGenTableRowColumn-2 {\n\twidth:15px;\n}\ncol._idGenTableRowColumn-3 {\n\twidth:471px;\n}\ncol._idGenTableRowColumn-4 {\n\twidth:276px;\n}\ntr._idGenTableRowColumn-5 {\n\theight:42px;\n}\ntr._idGenTableRowColumn-6 {\n\theight:30px;\n}\ntr._idGenTableRowColumn-7 {\n\theight:23px;\n}\ncol._idGenTableRowColumn-8 {\n\twidth:374px;\n}\ntr._idGenTableRowColumn-9 {\n\tmin-height:33px;\n}\ncol._idGenTableRowColumn-10 {\n\twidth:777px;\n}\ncol._idGenTableRowColumn-11 {\n\twidth:650px;\n}\ntr._idGenTableRowColumn-12 {\n\theight:25px;\n}\ncol._idGenTableRowColumn-13 {\n\twidth:330px;\n}\ncol._idGenTableRowColumn-14 {\n\twidth:1202px;\n}\ntr._idGenTableRowColumn-15 {\n\theight:33px;\n}\ntr._idGenTableRowColumn-16 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{\n\tmin-height:80px;\n}\ncol._idGenTableRowColumn-55 {\n\twidth:50px;\n}\ncol._idGenTableRowColumn-56 {\n\twidth:22px;\n}\ncol._idGenTableRowColumn-57 {\n\twidth:713px;\n}\ncol._idGenTableRowColumn-58 {\n\twidth:322px;\n}\ncol._idGenTableRowColumn-59 {\n\twidth:262px;\n}\ntr._idGenTableRowColumn-60 {\n\tmin-height:24px;\n}\ncol._idGenTableRowColumn-61 {\n\twidth:668px;\n}\ncol._idGenTableRowColumn-62 {\n\twidth:1155px;\n}\ntable._idGenTablePara-1 {\n\tmargin-left:30px;\n}\n\n\t\t<\/style>\n\t<\/head>\n\t<body id=\"CGR\">\n\t\t<div id=\"_idContainer000\" class=\"Basic-Text-Frame\">\n\t\t\t<p class=\"Web_03_Chapter_Head_01_Chapter_Head\">Corporate Governance Report<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Corporate governance is about promoting fairness, transparency, accountability, commitment to values, ethical business conduct driven by the objective of creating and enhancing long-term value for all stakeholders of the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and amendments thereto (\u2018the Listing Regulations, 2015\u2019), given below are the corporate governance policies and practices of Bajaj Auto Ltd. (\u2018the Company\u2019\/\u2018Bajaj Auto\u2019\/\u2018BAL\u2019) for the year 2024-25 (or \u2018FY2025\u2019).<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">Philosophy<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">For us, corporate governance is a reflection of principles entrenched in our values and policies and also embedded in our day-to-day business practices, leading to value-driven growth. The commitment of the Bajaj group to the highest standards of good governance practices predates SEBI and the provisions of the Listing Regulations, 2015. Ethical dealings, transparency, fairness, disclosure and accountability are fundamental canons of the Bajaj group. Bajaj Auto Ltd. maintains the same tradition and commitment, which guides us in pursuing our purpose and achieving excellence in corporate governance.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">At Bajaj Auto, we strive to achieve business excellence through ethically driven business process and a firm commitment to the rich legacy of our values, while meeting the stakeholders\u2019 expectations. This Report gives a detailed overview of our governance framework. <\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">The Governance Structure<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Bajaj Auto\u2019s governance structure is based on the overall guidance of the Board of Directors and principles of freedom to the Executive Management within a given framework to ensure that the powers vested in the Executive Management are exercised with due care and responsibility so as to meet the expectations of all the stakeholders. In line with these principles, the Company has formed two tiers of governance structure viz.:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-1\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">1.<\/span><span class=\"Bold\">The Board of Directors and its Committees:<\/span> The Board conducts overall strategic supervision and control by setting goals and reporting mechanism and decision-making process with an intent to protect the interest and value creation for all the stakeholders.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5\" lang=\"en-US\">The Committees of the Board such as Audit Committee, Risk Management Committee, Nomination and Remuneration Committee, Stakeholders\u2019 Relationship Committee, Corporate Social Responsibility Committee, etc. are focused on specific elements of the governance like audit and internal controls, financial reporting, risk management framework, appointment and remuneration of directors\/senior management personnel, investors\u2019 grievance management, implementation and monitoring of CSR activities in furtherance to the Company\u2019s societal commitments.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">2.<\/span><span class=\"Bold\">Executive Management: <\/span>The Executive Management is lead by the Managing Director and CEO who is ably assisted by the executive directors and the heads of business development, finance, HR, R&D and other functional heads. The Executive Management is responsible for the day-to-day business, strategies, new projects and product development, financial and human resource management and policy matters.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">Board of Directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company\u2019s policy is to have an appropriate blend of executive directors, independent directors (including women directors) and non-executive non-independent directors to maintain independence of the Board and to separate the Board functions of governance from that of management. The Company has a non-executive Chairman (promoter), who heads the Board and oversees its overall conduct.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Composition<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">As per regulation 17(1)(b) of the Listing Regulations, 2015, where the chairman is non-executive director or a promoter, at least half of the Board of a company should consist of independent directors. The present composition of Bajaj Auto\u2019s Board meets the said requirement.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">As on 31 March 2025, the Board consisted of eleven directors, of whom three (27%) were executive directors (including the Managing Director), two non-executive non-independent directors (18%) and six independent directors including two women independent directors (55%). The Board has no institutional nominee director.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Further, the changes in the composition of the Board of Directors during FY2025 are mentioned in the <span class=\"Italic\"><i>Directors\u2019 Report<\/i><\/span>.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Selection, Appointment and Tenure of Directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Nomination and Remuneration Committee facilitate the Board in identification and selection of the directors who shall be of high integrity with relevant expertise and experience so as to have well diverse Board. The directors are appointed or re-appointed with the approval of the members and shall remain in office in accordance with the provisions of the law.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Board Diversity Policy<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In compliance with the provisions of the Listing Regulations, 2015, the Board through Nomination and Remuneration Committee has devised a Policy on Board Diversity. The Board comprises adequate number of members with diverse experience and skills, such that it best serves the governance and strategic needs of the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The directors are persons of eminence in areas such as business, industry, finance, economics, law, governance, etc. and bring with them a wide range of experience and skills which add value to the performance of the Board and the Company while ensuring the best interest of stakeholders. They take active part in the Board and Committee meetings by providing valuable guidance and expert advice to the Board and the Management on various aspects of business, governance, compliance, etc. and play critical role on strategic issues, which enhances the transparency and add value in the decision making process of the Board. The directors are selected purely on the basis of merit with no discrimination on race, colour, religion, gender or nationality. The Board composition as at present meets with the above objective.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">A brief profile of the directors is available on the website of the Company at <a href=\"https:\/\/www.bajajauto.com\/about-us\/bajaj-team\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/about-us\/bajaj-team<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Number of meetings of the Board<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Board met eight times: 5 April 2024, 18 April 2024, 16 July 2024, 16 October 2024, 9 January 2025, 28 January 2025, 21 February 2025 and 18 March 2025. The gap between any two consecutive meetings was less than 120 days.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Attendance record of directors<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 1:<\/span> Composition of the Board and attendance record of directors for FY2025<\/p>\n\t\t\t<table id=\"table001\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-1\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-5\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-1 _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-2 _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-1 _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">Category of director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-2 _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-1 _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">Relationship with other directors<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-2 _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-1 _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">No. of shares held by director <span class=\"CharOverride-1\">(6)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-2 _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-1 _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">No. of Board meetings attended<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-2 _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-1 _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">Attended the last Annual General Meeting held on 16 July 2024<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-4 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director (Promoter)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">710,279<span class=\"CharOverride-1\">(5)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Bajaj<span class=\"CharOverride-1\">(4)<\/span> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\"><a id=\"_idTextAnchor000\"><\/a>Managing Director and CEO, executive director (Promoter)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Brother of Sanjiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">747,001<span class=\"CharOverride-1\">(5)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Sanjiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director(Promoter)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Brother of Rajiv Bajaj <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">759,916<span class=\"CharOverride-1\">(5)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradeep Shrivastava<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">75<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">7 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">3,500<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">7 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rakesh Sharma<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6,328 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<span class=\"CharOverride-1\">(1)<\/span> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">3,952<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<span class=\"CharOverride-1\">(4)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Vinita Bali<span class=\"CharOverride-1\">(2)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6 out of 8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Sangita Reddy<span class=\"CharOverride-1\">(3)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">\u2013<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4 out of 6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-2\"><span class=\"Bold\">Notes<\/span>:<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-3\"><span class=\"_idGenBNMarker-1\">(1)<\/span>Pradip Shah was re-appointed as a Non-executive independent director for a second term of five years commencing from 1 April 2024. The members have approved the said re-appointment vide special resolution passed on 5 March 2024 through postal ballot conducted by remote e-voting process.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-3\"><span class=\"_idGenBNMarker-1\">(2)<\/span>Vinita Bali was appointed as a Non-executive independent director for the first term of five years commencing from 1 April 2024. The members have approved the said appointment vide special resolution passed on 5 March 2024 through postal ballot conducted by remote e-voting process.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-3\"><span class=\"_idGenBNMarker-1\">(3)<\/span>Dr. Sangita Reddy was appointed as a Non-executive independent director for the first term of five years commencing from 16 July 2024. The members have approved the said appointment vide special resolution passed on 30 August 2024 through postal ballot conducted by remote e-voting process.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-3\"><span class=\"_idGenBNMarker-1\">(4)<\/span>The Board, at its meeting held on 18 March 2025, based on the recommendations of Nomination and Remuneration Committee, have approved the re-appointment(s) of Rajiv Bajaj as Managing Director and CEO for another term of five years commencing from 1 April 2025 and Abhinav Bindra as a Non-executive independent director for a second term of five years commencing from 20 May 2025. The said re-appointment(s) have been approved by the members vide special resolution(s) passed through postal ballot on 30 April 2025.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-3\"><span class=\"_idGenBNMarker-1\">(5)<\/span>The equity shares also includes shares held in the capacity of trustee of private family trusts.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-3\"><span class=\"_idGenBNMarker-1\">(6)<\/span>None of the directors hold any convertible instrument. Pradeep Shrivastava and Rakesh Sharma, the Executive directors of the Company are entitled to employee stock options as per Bajaj Auto Employee Stock Option Scheme 2019, as amended.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Directorships and memberships of Board Committees<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 2: <\/span>Number of directorships\/committee positions of directors as on 31 March 2025 (including the Company)<\/p>\n\t\t\t<table id=\"table002\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-1\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-8\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-9\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-7 _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-8 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_08_Table_Thinline_0-5 _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-9 _idGenCellOverride-13\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_21_Table_Thinline_0-5\">Directorships<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_08_Table_Thinline_0-5 _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-10 _idGenCellOverride-14\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_08_Table_Thinline_0-5 _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-11 _idGenCellOverride-13\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_21_Table_Thinline_0-5\">Committee positions in listed and unlisted public limited companies<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of the director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-12 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">In equity listed companies<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-14 _idGenCellOverride-17\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">In unlisted public limited companies<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-12 _idGenCellOverride-18\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">In private limited companies<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-15 _idGenCellOverride-19\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-16 _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">As member (including as chairperson)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-12 _idGenCellOverride-18\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">As chairperson<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-21\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-17 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">3<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">7<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Sanjiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradeep Shrivastava<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">7<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rakesh Sharma<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Vinita Bali<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Sangita Reddy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-18 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">3<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">11<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-9\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-5\"><span class=\"Bold\">Notes:<\/span> None of the directors hold office as a director, including as an alternate director, in more than twenty companies at the same time. None of them has directorships in more than ten public companies. For reckoning the limit of public companies, directorships of private companies that are either holding or subsidiary companies of a public company are included; for reckoning the limit of private and public companies, directorships in dormant companies and companies under section 8 of the Companies Act, 2013 (\u2018the Act\u2019) are excluded.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-6\">As per the declarations received, none of the directors serve as an independent director in more than seven equity listed companies or in more than three equity listed companies in case he or she is a whole-time director\/managing director in any listed company.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-6\">Further, the Managing Director of Bajaj Auto does not serve as an independent director in any equity listed company.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-6\">For the purpose of considering the limit of the committees in which a director can serve, all public limited companies, whether listed or not, have been included and all other companies including private limited companies, foreign companies and companies under section 8 of the Act have been excluded.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-6\">None of the directors was a member in more than ten committees nor a chairperson in more than five committees across all companies in which he\/she was a director. Only audit committees and stakeholders\u2019 relationship committees are considered for the purpose of reckoning committee positions.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-6\">Notwithstanding the number of directorships, as has been highlighted herein, the outstanding attendance record and participation of the directors in Board and Committee meetings indicate their commitment and ability to devote adequate time to their responsibilities as the Company\u2019s fiduciaries.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Directorships held by directors in listed companies<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 3: <\/span>Name of listed companies (including debt listed companies, if any) where directors of the Company held directorships as on 31 March 2025 (including the Company)<\/p>\n\t\t\t<table id=\"table003\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-10\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-11\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-20 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-21 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of listed companies<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-22 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-20 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-21 _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-22 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Holdings & Investment Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-25 _idGenCellOverride-23\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Mukand Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman and Managing Director, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-26 _idGenCellOverride-24\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Managing Director and CEO, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-26 _idGenCellOverride-24\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Holdings & Investment Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-27 _idGenCellOverride-19\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Bajaj Finserv Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">d.<\/span>Bajaj Finance Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">e.<\/span>Bajaj Electricals Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"6\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Sanjiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Holdings & Investment Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Managing Director and CEO, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Bajaj Finserv Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman and Managing Director, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">d.<\/span>Bajaj Finance Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">e.<\/span>Maharashtra Scooters Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">f.<\/span>Bajaj Housing Finance Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradeep Shrivastava<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Holdings & Investment Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Bajaj Finserv Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">d.<\/span>Bajaj Finance Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">e.<\/span>Zodiac Clothing Company Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Finserv Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Bajaj Finance Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">d.<\/span>Bajaj Housing Finance Ltd. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">e.<\/span>Siemens Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rakesh Sharma<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"4\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Holdings & Investment Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Pfizer Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">d.<\/span>BASF India Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Bajaj Holdings & Investment Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Vinita Bali<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Syngene International Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\" rowspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Sangita Reddy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Bajaj Auto Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Apollo Hospitals Enterprise Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Joint Managing Director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-12\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_5-copy\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Indraprastha Medical Corporation Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01 ParaOverride-7\" lang=\"en-US\">Independent Directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors on the Board of the Company are highly experienced, competent and persons of repute in their respective fields, their collective wisdom and prudence brings an ideal mixture of expertise, professionalism, knowledge and experience to the table.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In accordance with the provisions of section 149(10) and (11) of the Act and regulation 25(2) of the Listing Regulations, 2015, the independent directors can hold office for two consecutive terms of maximum period of five years each on the Board of the Company. As regards the appointment and tenure of independent directors, the Company has complied with the provisions of the Act and the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company issues a formal letter of appointment to independent directors in the manner as provided in the Act at the time of their appointment\/re-appointment. The terms and conditions of appointment\/re-appointment of independent directors are available on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/miscellaneous\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/miscellaneous<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has received declaration from all the independent directors stating that they meet the criteria of independence stipulated under section 149(6) of the Act read with rule 5 of the Companies (Appointment and Qualification of Directors) Rules, 2014 and regulations 16 and 25 of the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors have also confirmed compliance with the provisions of section 150 of the Act read with rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, relating to inclusion of their name in the independent director\u2019s databank of the Indian Institute of Corporate Affairs.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Based on the declarations received from the independent directors, the Board is of the opinion that the independent directors fulfil the conditions of independence specified in the Listing Regulations, 2015 and the Act and are independent of the Management.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During the year under review, none of the independent directors of the Company have resigned before the expiry of their tenure.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Induction and Familiarisation programme<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">As and when a new director is appointed, as part of the process of induction, the Company has the practice of familiarising the new director with information on various aspects of the Company\u2019s business, including the following:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Overview of the Company\u2019s business.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Meeting with the key executives of the Company.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Visit to the manufacturing plant.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Apprising with the Company\u2019s Code of Conduct for directors, Insider Trading Codes, etc.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">To familiarise independent directors with the Company\u2019s operations, as required under regulation 25(7) of the Listing Regulations, 2015, the Company has held various programmes\/presentations for the independent directors throughout the year on an ongoing and continuous basis. Details of these are placed on <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the directors were updated extensively on the following through presentations\/updates at Board meetings:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Two-wheeler, Three-wheeler and EV business.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Industry trends and competition.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Annual business plan and its performance review.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Risk management framework including functional\/business risks, external risks and risk mitigation strategies.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Succession planning and talent and leadership development.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Internal controls, regulatory frameworks and compliance.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Orderly succession to Board and senior management<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">One of the key functions of the Board of Directors is selecting, compensating, monitoring and when necessary, replacing the members of the Board of Directors and the senior managerial personnel including the KMPs. Further, the Nomination and Remuneration Committee is instrumental in identifying successors for Board members and senior management thereby aligning the succession plans with the Company\u2019s strategic and long-term goals.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Pursuant to regulation 17(4) of the Listing Regulations, 2015, the framework of succession planning for the Board and senior management was placed before the Board for its review. During the year under review, the Board of the Company has satisfied itself that the plans are in place for orderly succession of such appointments.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Core skills\/Expertise\/Competencies<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">For the effective functioning of the Board, the directors amongst themselves should have a balance of skills, experience and diversity of perspectives appropriate to the Company. The directors possess extensive knowledge and expertise in their areas of function which allows them to make effective contributions to the Board and its Committees.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">As stipulated under schedule V of the Listing Regulations, 2015, core skills\/expertise\/competencies, the Board has identified the skills\/expertise\/competencies for its effective functioning as required in the context of the business and sector and those actually available with the Board. The details of which are given below:<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_04_Body-Text-Big-Bold ParaOverride-8\" lang=\"en-US\"><span class=\"Bold _idGenBNMarker-3\">1.<\/span><span class=\"Bold\">Business and Industry, Management<\/span><\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-9\" lang=\"en-US\">Domain knowledge in business and understanding of business environment, optimising the development in the industry for improving the Company\u2019s business.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_04_Body-Text-Big-Bold ParaOverride-8\" lang=\"en-US\"><span class=\"Bold _idGenBNMarker-3\">2.<\/span><span class=\"Bold\">Strategic Insight<\/span><\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-9\" lang=\"en-US\">Ability to evaluate competitive corporate and business strategies and based thereon, contribute towards progressive refinement of the Company\u2019s strategies.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_04_Body-Text-Big-Bold ParaOverride-8\" lang=\"en-US\"><span class=\"Bold _idGenBNMarker-3\">3.<\/span><span class=\"Bold\">Financial Expertise<\/span><\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-9\" lang=\"en-US\">Understanding of financial policies and financial reporting processes, accounting, taxation, risk management, internal control, capital allocation, resource utilisation.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_04_Body-Text-Big-Bold ParaOverride-8\" lang=\"en-US\"><span class=\"Bold _idGenBNMarker-3\">4.<\/span><span class=\"Bold\">Governance and Compliance<\/span><\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-9\" lang=\"en-US\">Experience in developing governance and compliance practices, serving the best interests of all stakeholders, maintaining board and management accountability, building long-term effective stakeholder engagements and driving corporate ethics and values.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 4: <\/span>The Chart\/matrix of such core skills\/expertise\/competencies of each director as on the date of this Report is as under:<\/p>\n\t\t\t<table id=\"table004\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-13\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-14\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-15\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-28 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Designation<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Core skills\/expertise\/ competencies of directors<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Business & Industry, Management & Strategy, Commercial, Financial Expertise, Governance & Compliance and such other areas. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Managing Director and CEO<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Business & Industry, Management & Strategy, Product Development, Manufacturing & Sales Operations, CSR & Sustainability.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Sanjiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Business & Industry, Management & Strategy, Financial Expertise, Information Technology, Human Resources, Governance & Compliance. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradeep Shrivastava<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Management & Strategy, Manufacturing & Operations, Project Management, CSR & Sustainability.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Management & Strategy, Operations, Human Resources & Industrial Relations, Finance & Taxation, Governance & Compliance, CSR & Sustainability. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Human Resources & Industrial Relations, Governance & Compliance, Law, Banking, Investment & Treasury Management, CSR & Sustainability. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rakesh Sharma<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Management & Strategy, Global Business Operations, Marketing & Sales, Project Management. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Strategy, Finance & Taxation, Governance & Compliance and such other areas.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Strategy, CSR & Sustainability, Academics & Education, Sports & Administration.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Vinita Bali<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Management & Strategy, Sales & Marketing, Brand Building, CSR & Sustainability.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Sangita Reddy <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Corporate Leadership, Strategy, Governance & Compliance and CSR. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head ParaOverride-7\" lang=\"en-US\">Performance Evaluation of the Board, its Committees, the Chairman and the Directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Board Evaluation<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The annual evaluation process of the Board, its Committees, Chairman and individual directors for FY2025 was conducted as per provisions of the Act and the Listing Regulations, 2015. With a view to maintain high level of confidentiality and ease of doing evaluation, the exercise was carried out online using secured web-based application. Each Board member filled up the online evaluation template on the functioning and overall level of engagement of the Board and its Committees, on parameters such as composition, execution of specific duties, quality, quantity and timeliness of flow of information, deliberations at the meeting, independence of judgment, decision-making, management actions, etc. The evaluation templates were designed considering the guidelines issued under the Listing Regulations, 2015 and the Secretarial Standards and taking into consideration the suggestions given by the directors.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Feedback Mechanism<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">A one-on-one meeting of the individual directors with the Chairman of the Board was also conducted as a part of self-appraisal and peer-group evaluation. The directors were also asked to provide their valuable feedback and suggestions on the overall functioning of the Board and its Committees and the areas of improvement for a higher degree of engagement with the Management.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Evaluation Results<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors met on 18 March 2025 to review the performance evaluation of non-independent directors and the entire Board of Directors, including the Chairman, while considering the views of the executive and non-executive directors.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors were highly satisfied with the overall functioning of the Board and its various Committees, which displayed a high level of commitment and engagement. They also appreciated the exemplary leadership of the Chairman of the Board and its Committees in upholding and following the highest values and standards of corporate governance.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Post the review by the independent directors, the results were shared with the entire Board and its respective Committees. The Board expressed its satisfaction with the evaluation results, which reflects very high degree of engagement of the Board and its Committees with the Management.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Based on the report of performance evaluation, the Board and Nomination and Remuneration Committee determined, as required under law that the term of independent directors may continue. The criteria for evaluation of independent directors, <span class=\"Italic\"><i>inter alia<\/i><\/span>, includes attendance and participation, openness to ideas, perspectives and opinions, demonstrating highest level of integrity, independent views and judgment, etc.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Directors and Officers Liability Insurance (D&O Policy)<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has in place a D&O Policy which is renewed every year. It covers directors (including independent directors) and officers of the Company and its subsidiaries. The Board is of the opinion that the quantum and risks presently covered are adequate.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Certificate from Practising Company Secretary<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has received a certificate from Shyamprasad D Limaye, Practising Company Secretary (Membership No. 1587, CP No. 572) to the effect that none of the directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as directors of the Company by the Securities and Exchange Board of India\/Ministry of Corporate Affairs or any such statutory authority. The certificate forms part of this Corporate Governance Report.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">Meetings, Information supplied to the Board and Proceedings<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Meetings<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Board generally meets five times in a year. Additional meetings are called as and when required. The maximum time interval between any two consecutive meetings of the Board did not exceed 120 days. In case of urgent business matters, approval of the Board\/Committee is obtained by passing a circular resolution, as permitted by law and the same is noted in the subsequent meeting of the Board\/Committee. The Company adheres to the Secretarial Standards on the Board and Committee meetings as prescribed by the Institute of Company Secretaries of India. The annual calendar of meetings is broadly determined well before the beginning of the year to enable the directors to plan their schedule and attendance at the meeting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">All Board members are invited and encouraged to attend Committee meetings, even if they are not members.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Information supplied to the Board<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In advance of each meeting, the Board is presented with relevant information in the form of agenda notes\/presentation on various matters related to the working of the Company, especially those which require deliberation at the highest level. Presentations are also made from time to time to the Board by different functional heads on important matters and key elements of each business. Directors have separate and independent access to the officers of the Company. In addition to such items as required to be placed before the Board for its noting and\/or approval, information is provided on various other significant items as well.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In terms of quality and importance, the information supplied by the Management to the Board of the Company is not just limited to the list of items mandated under regulation 17(7) read with part A of schedule II to the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors of the Company at their meeting held on 18 March 2025 have expressed satisfaction on the quality, quantity and timeliness of flow of information between the Company\u2019s Management and the Board and have confirmed that these significantly aid the Board to effectively and reasonably perform its duties.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Pursuant to various regulatory requirements and in compliance with applicable laws and keeping in view the business requirements, the Board is, <span class=\"Italic\"><i>inter alia<\/i><\/span>, apprised on the following:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Business plans, forecast, financial performance and strategic initiatives.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Capital expenditure and updates.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Internal financial controls.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Succession planning and organisation structure.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Details of incidence of frauds, if any and corrective action taken thereon.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Performance of subsidiaries.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Status of compliances with the Companies Act, 2013, the SEBI regulations and shareholder related matters.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Various policies framed by the Company and revised from time to time.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Risk management system, Risk Management Policy and strategy followed.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Compliance with corporate governance standards.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5 ParaOverride-10\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Changes in regulatory landscape.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">To leverage technology and move towards paperless systems, the Company has, since several years, adopted a web-based application for transmitting Board\/Committee meetings agenda and other enclosures. This application meets the high standards of security and integrity required for storage and transmission of Board\/Committee documents in electronic form.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Proceedings<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Apart from the Board members, the Chief Business Development Officer, Chief Financial Officer and Company Secretary attend all the Board meetings. Other senior management executives are invited as and when necessary.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">At the meeting, apart from business plans, capex and investment proposal and financial results, all material developments, statutory and governance matters are presented to the Board\/respective Committees. The Chairman of various Board Committees brief the Board on all the important matters discussed and decided at their respective Committee meetings, which are generally held prior to the Board meeting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Minutes of proceedings of each Board and Committee meeting are recorded and draft minutes are circulated to Board\/Committee members for their confirmation within 15 days from the date of meeting. The comments\/suggestions of the Board\/Committee members are invited and duly incorporated in the minutes after which these are entered in the minutes book within 30 days from the date of meeting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Independent Directors\u2019 Meeting<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In compliance with schedule IV to the Act and regulation 25(3) of the Listing Regulations, 2015, the independent directors held their separate meeting on 18 March 2025, without the attendance of non-independent directors and members of Management.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">All independent directors were present at the meeting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors present elected Vinita Bali as chairperson for the meeting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The independent directors, <span class=\"Italic\"><i>inter alia<\/i><\/span>, discussed on changes in the Board, report of performance evaluation of Board, its Committees and Chairman and reviewed the performance of non-independent directors and the Board as a whole and also the performance of Chairman of the Company taking into account the views of executive directors and non-executive directors, assessment of quality, quantity and timeliness of flow of information between the Company\u2019s Management and the Board, etc. and provided their views and expressed satisfaction on each of the matters.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In addition, the independent directors had a separate meeting with senior management personnel to deliberate on various matters concerning the Company\u2019s business.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">Committees of the Board<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has six committees of the Board, viz., Audit Committee, Nomination and Remuneration Committee, Stakeholders\u2019 Relationship Committee, Corporate Social Responsibility Committee, Risk Management Committee and Duplicate Share Certificate Issuance Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">These Committees function under the direct supervision of the Board. Mostly, the Committee meetings are held prior to the Board meeting and the Chairman of the respective Committees brief the Board about the deliberations and decisions taken at the Committee meetings.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Audit Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has a duly constituted Audit Committee. The Board reviews the working of the Committee from time to time to bring about greater effectiveness in order to comply with the various requirements under the Act and the Listing Regulations, 2015. In compliance with the provisions of the Act and the Listing Regulations, 2015, all members of the Audit Committee are independent, non\u2013executive directors, are financially literate and have accounting or related financial management expertise.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Audit Committee met six times: 18 April 2024, 16 July 2024, 16 October 2024, 28 January 2025, 21 February 2025 and 18 March 2025.<\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 5: <\/span>Composition of the Audit Committee and attendance of members at its meeting(s) held during FY2025<\/p>\n\t\t\t<table id=\"table005\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-17\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-18\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-19\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-15\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of member<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-28 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">No. of meetings attended<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman (non-executive, independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6 out of 6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, independent director) <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5 out of 6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, independent director) <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6 out of 6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Vinita Bali<span class=\"CharOverride-1\">(1)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, independent director) <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4 out of 5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-5\"><span class=\"Bold\">Notes:<\/span><\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote\">(1) Vinita Bali was appointed as a member of the Audit Committee by the Board effective from 18 April 2024.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In addition to members of the Audit Committee, these meetings were attended by the heads of finance and internal audit functions, the statutory auditors of the Company and such executives who were considered necessary for providing inputs to the Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company Secretary acts as the secretary to the Audit Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Audit Committee, <span class=\"Italic\"><i>inter alia<\/i><\/span>, discussed and deliberated on the internal audit reports, financial results, related party transactions including grant of omnibus approval, investment related reports, internal financial controls, utilisation of loans and\/or advances from\/investment by the Company in subsidiaries, whistle blower\/PoSH complaints, etc.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Anami N. Roy, Chairman of the Audit Committee, was present at the previous Annual General Meeting of the Company held on 16 July 2024.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Terms of reference of the Audit Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The following terms of reference of the Audit Committee are in accordance with the Act and Listing Regulations, 2015:<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Financial Statements:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">1.<\/span>To oversee the Company\u2019s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">2.<\/span>To review, with the management, the quarterly financial statements before submission to the Board of Directors for approval.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">3.<\/span>To review, with the management, the annual financial statements and auditor\u2019s report thereon before submission to the Board of Directors for approval, with particular reference to:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>Matters required to be included in the director\u2019s responsibility statement to be included in the Board\u2019s report in terms of section 134(3)(c) of the Companies Act, 2013.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Changes, if any, in accounting policies and practices and reasons for the same.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Major accounting entries involving estimates based on the exercise of judgment by the management.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">d.<\/span>Significant adjustments made in the financial statements arising out of audit findings.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">e.<\/span>Compliance with listing and other legal requirements relating to financial statements.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">f.<\/span>Disclosure of any related party transactions.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">g.<\/span>Modified opinion(s) in the draft audit report.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">4.<\/span>To review management discussion and analysis of financial condition and results of operations.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">5.<\/span>To review the financial statements, in particular, the investments made by the unlisted subsidiary(s) of the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Audit:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">6.<\/span>To recommend to the Board of Directors for appointment, remuneration and terms of appointment of the auditors of the Company.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">7.<\/span>To approve availing of the permitted non-audit services rendered by the statutory auditors and approval of payment of fees thereof.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">8.<\/span>To review and monitor the auditor\u2019s independence and performance, and effectiveness of audit process.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">9.<\/span>To review, with the management, the performance of statutory and internal auditors, adequacy of the internal control systems.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">10.<\/span>To review the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">11.<\/span>To discuss with internal auditors of any significant findings and follow up thereon.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">12.<\/span>To review the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">13.<\/span>To discuss with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">14.<\/span>To review management letters\/letters of internal control weaknesses issued by the statutory auditors.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">15.<\/span>To review the internal audit reports relating to internal control weaknesses.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">16.<\/span>To review the appointment, removal and terms of remuneration of the chief internal auditor.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Others:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">17.<\/span>To approve the transactions of the Company and its unlisted subsidiary(s) with related parties, as may be applicable, including any subsequent modifications thereto.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">18.<\/span>To review the utilisation of loans and\/or advances from\/investment by the Company in its subsidiary company exceeding<span class=\"ITF-Rupee\"> <\/span><span class=\"ITF-Rupee CharOverride-2\">\u20b9<\/span><span class=\"ITF-Rupee\"> <\/span>100 crore or 10% of the asset size of the subsidiary company, whichever is lower.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">19.<\/span>To scrutinise inter-corporate loans and investments.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">20.<\/span>To undertake valuation of undertakings or assets of the Company, wherever it is necessary.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">21.<\/span>To evaluate internal financial controls and risk management systems.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">22.<\/span>To review the functioning of the whistle blower mechanism.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">23.<\/span>To approve the appointment of Chief Financial Officer after assessing the qualifications, experience and background, etc. of the candidate.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">24.<\/span>To look into the reasons for substantial defaults, if any, in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">25.<\/span>To consider and comment on rationale, cost benefits and impact of schemes involving merger, demerger, amalgamation etc., on the Company and its shareholders.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">26.<\/span>To review the investment policy.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">27.<\/span>To review, with the management, the statement of use\/application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilised for purposes other than those stated in the offer document\/prospectus\/notice and the report submitted by the monitoring agency, monitoring the utilisation of proceeds of a public issue or rights issue or preferential issue or qualified institutional placement and making appropriate recommendations to the Board of Directors to take up steps in this matter.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5 ParaOverride-10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">28.<\/span>To review the statement of deviations:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>quarterly statement of deviation(s) including report of monitoring agency, if applicable, submitted to stock exchange(s) in terms of regulation 32(1) of the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>annual statement of funds utilised for purposes other than those stated in the offer document\/prospectus\/notice in terms of regulation 32(7) of the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">29.<\/span>To review compliance with the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 at least once in a financial year and verify that the systems for internal control are adequate and are operating effectively.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">30.<\/span>To carry out any other function mandated by the Board from time to time and\/or enforced by any statutory notification, amendment or modification, as may be applicable.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Nomination and Remuneration Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has a duly constituted Nomination and Remuneration Committee. The Committee also acts as a Compensation Committee for implementation of the Bajaj Auto Employee Stock Option Scheme 2019.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Nomination and Remuneration Committee met four times: 18 April 2024, 16 July 2024, 28 January 2025 and 18 March 2025.<\/p>\n\t\t\t<table id=\"table006\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-20\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-21\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-22\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_01_Table_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-27\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 6: <\/span>Composition of Nomination and Remuneration Committee and attendance of members at its meeting(s) held during FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-24\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of member<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-30 _idGenCellOverride-28\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-31 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">No. of meetings attended<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman (non-executive, independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-32 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-33 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4 out of 4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, non-independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-34 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-33 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4 out of 4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-34 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-33 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4 out of 4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-11\" lang=\"en-US\">The Company Secretary acts as the secretary to the Nomination and Remuneration Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">As provided under the terms of reference of the Nomination and Remuneration Committee, the members, <span class=\"Italic\"><i>inter alia<\/i><\/span>, discussed and deliberated on appointment\/re-appointment, performance assessment and payment of remuneration to directors and senior management and grant of stock options, etc.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Dr. Naushad Forbes, Chairman of the Nomination and Remuneration Committee, was present at the previous Annual General Meeting of the Company held on 16 July 2024.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Terms of reference of the Nomination and Remuneration Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The following terms of reference of the Nomination and Remuneration Committee are in accordance with the Act and Listing Regulations, 2015:<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Appointment and Re-appointment of Directors & Senior Management:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-1\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">1.<\/span>To formulate the criteria for determining qualifications, positive attributes and independence of a director.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">2.<\/span>To devise a policy on diversity of the Board of Directors.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">3.<\/span>To identify the persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down and recommend to the Board of Directors their appointment and removal.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">4.<\/span>For every appointment of an independent director, the Committee shall evaluate the balance of skills, knowledge and experience on the Board of Directors and on the basis of such evaluation, prepare a description of the role and capabilities required of an independent director. The person recommended to the Board of Directors for appointment as an independent director shall have the capabilities identified in such description.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5\" lang=\"en-US\">For the purpose of identifying suitable candidates, the Committee may:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>consider candidates from a wide range of backgrounds, having due regard to diversity;<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>consider the time commitments of the candidates;<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>use the services of external agencies, if required.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-12\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">5.<\/span>To consider whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent director.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Performance evaluation:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">6.<\/span>To formulate criteria\/manner for effective evaluation of performance of the Board of Directors, its committees and individual directors to be carried out either by the Committee or the Board or by an independent external agency and review its implementation and compliance.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">7.<\/span>To undertake the annual performance assessment of the key managerial personnel and other senior management employees.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Compensation:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">8.<\/span>To recommend to the Board of Directors the remuneration policy for the directors, key managerial personnel and other employees.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5\" lang=\"en-US\">The Committee shall ensure the following while formulating the said policy:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate directors of the quality required to run the Company successfully;<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>relationship of remuneration to performance is clear and meets appropriate performance benchmarks;<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>remuneration to directors, key managerial personnel and senior management involves a balance between fixed pay and performance incentive reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-12\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">9.<\/span>To recommend to the Board of Directors, all remuneration, in whatever form, payable to senior management.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">10.<\/span>To review and recommend to the Board of Directors the revision in the remuneration to be paid to the Managing Director and CEO and the executive director(s) based on their performance.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Compensation Committee:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">11.<\/span>To act as the Compensation Committee for administration of the employee stock option schemes and to perform such other functions in terms of the schemes or as may be required under the law or delegated by the Board of Directors, from time to time.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Others:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">12.<\/span>To carry out any other function(s) mandated by the Board of Directors, from time to time and\/or enforced by any statutory notification, amendment or modification, as may be applicable.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Remuneration Policy<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">On the recommendation of the Nomination and Remuneration Committee, <a id=\"_idTextAnchor001\"><\/a>the Board has framed a Remuneration Policy. This policy, <span class=\"Italic\"><i>inter alia<\/i><\/span>, provides (a) the criteria for determining qualifications, positive attributes and independence of directors, (b) a policy on remuneration for directors, key managerial personnel and other employees and (c) details of the employee stock option scheme.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The policy is directed towards a compensation philosophy and structure that will reward and retain talent and provides for a balance between fixed and incentive pay, reflecting short and long-term performance objectives appropriate to the working of the Company and its goals. The said Remuneration Policy as in force is placed on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Stakeholders\u2019 Relationship Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Board has a duly constituted Stakeholders\u2019 Relationship Committee to specifically oversee various shareholders\u2019 related matters.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Stakeholders\u2019 Relationship Committee met on 28 January 2025 to review the status of various matters relating to investors\u2019 services. At the meeting, the Committee also reviewed the service standards of the Company\u2019s registrar and share transfer agent and the measures taken for timely and effective investors\u2019 grievance redressal that can facilitate better investor services and relations. The Board was apprised of all the major developments on investors\u2019 issues through various reports and statements furnished from time to time throughout the year.<\/p>\n\t\t\t<table id=\"table007\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-25\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-26\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-27\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_01_Table_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-27\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 7: <\/span>Composition of Stakeholders\u2019 Relationship Committee and attendance of members at its meeting(s) held during FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-28\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of member<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-30 _idGenCellOverride-28\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-35 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Attendance at the meeting held on 28 January 2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman (non-executive, independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, non-independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, independent director) <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-11\" lang=\"en-US\">Rajiv Gandhi, Company Secretary is the Compliance Officer and acts as the secretary to the Stakeholders\u2019 Relationship Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Committee expressed its satisfaction on the overall status of compliance and actions taken on various investor related matters.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Pradip Shah, Chairman of the Stakeholders\u2019 Relationship Committee, was present at the previous Annual General Meeting of the Company held on 16 July 2024.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold ParaOverride-13\" lang=\"en-US\">Details of investors\u2019 grievance redressal<\/p>\n\t\t\t<table id=\"table008\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-29\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-30\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_01_Table_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-27\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head ParaOverride-10\"><span class=\"Colour\">Table 8: <\/span>Investors' complaints received and resolved during FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-24\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-31 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">Attended\/resolved during the FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pending at the beginning of the year<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Received during the year<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">21<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Disposed of during the year<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">21<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pending at the end of the year<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-2\" lang=\"en-US\">More details on this subject and on shareholders\u2019 related matters including unclaimed suspense account have been furnished in <span class=\"Italic\"><i>General Shareholder Information<\/i><\/span>.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Terms of reference of the Stakeholders\u2019 Relationship Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The terms of reference of the Committee are in accordance with the Act and Listing Regulations, 2015 and the same are as under:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-12\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">1.<\/span>To resolve the grievances of the security holders including complaints related to transfer\/transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new\/duplicate certificates, general meetings, etc.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">2.<\/span>Review measures taken for effective exercise of voting rights by shareholders.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">3.<\/span>Review adherence to the service standards adopted by the Company in respect of various services being rendered by the registrar and share transfer agent.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">4.<\/span>Review various measures and initiatives taken for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants\/annual reports\/statutory notices by the shareholders of the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Corporate Social Responsibility Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">This is given as a separate chapter in the <span class=\"Italic\"><i>Annual Report on CSR<\/i><\/span>.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Risk Management Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has a duly constituted Risk Management Committee in compliance with the provisions of the Listing Regulations, 2015. The Risk Management Committee oversees the overall risk management processes of the Company and ensures that the business risks are identified and addressed by the Management.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Risk Management Committee met twice: 16 October 2024 and 18 March 2025.<\/p>\n\t\t\t<table id=\"table009\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-31\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-21\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-32\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_01_Table_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-27\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 9: <\/span>Composition of Risk Management Committee and attendance of members at its meeting(s) held during FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-28\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of member<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-36 _idGenCellOverride-28\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-31 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">No. of meetings attended<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman (non-executive, independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2 out of 2 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (non-executive, independent director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2 out of 2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dinesh Thapar<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (chief financial officer)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-10\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\"> 2 out of 2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-11\" lang=\"en-US\">The Company Secretary acts as the secretary to the Risk Management Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Terms of reference of the Risk Management Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The detailed terms of reference of the Risk Management Committee are in accordance with the Listing Regulations, 2015 and the same are as under:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-12\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">1.<\/span>To formulate a detailed Risk Management Policy which shall include:<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">a.<\/span>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 the Committee.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">b.<\/span>Measures for risk mitigation including systems and processes for internal control of identified risks.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Alfabet_Alfabet_Start_10\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">c.<\/span>Business continuity plan.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_Start_Number_Start_5 ParaOverride-12\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">2.<\/span>To ensure that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">3.<\/span>To monitor and oversee implementation of the Risk Management <span class=\"CharOverride-3\">p<\/span>olicy, including evaluating the adequacy of risk management systems.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">4.<\/span>To periodically review the Risk Management <span class=\"CharOverride-3\">p<\/span>olicy, at least once in two years, including by considering the changing industry dynamics and evolving complexity.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">5.<\/span>To keep the Board of Directors informed about the nature and content of its discussions, recommendations and actions to be taken.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">6.<\/span>The appointment, removal and terms of remuneration of the chief risk officer (if any) shall be subject to review by the Risk Management Committee.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">7.<\/span>The Risk Management Committee shall coordinate its activities with other committees, in instances where there is any overlap with activities of such committees, as per the framework laid down by the Board of Directors.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Number_Number_continue_Number_Start_5\" lang=\"en-US\"><span class=\"_idGenBNMarker-1\">8.<\/span>To perform such other functions as the Board may deem fit from time to time, which shall also cover cyber security.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has a Board approved risk management framework. The Committee and the Board periodically review the Company\u2019s risk assessment and minimisation procedures to ensure that Management identifies, controls and mitigates various risks associated with the business of the Company through a properly defined framework.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Duplicate Share Certificate Issuance Committee<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">To meet the requirement of section 46 of the Act read with rule 6 of the Companies (Share Capital and Debentures) Rules, 2014 and regulation 39 of the Listing Regulations, 2015, the Company has Duplicate Share Certificate Issuance Committee to approve issuing of letter of confirmation(s) in lieu of original share certificate(s) that were lost or misplaced, the composition of which is given in <span class=\"Bold\">Table 10<\/span> below.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">As a measure to enhance ease of dealing in securities market by the investors, SEBI through its circular dated 25 January 2022 has mandated listed entities to issue securities in dematerialised form only while processing any service request including issue of duplicate share certificate(s).<\/p>\n\t\t\t<table id=\"table010\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-33\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-34\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-35\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_01_Table_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-27\" colspan=\"5\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 10: <\/span>Composition of the Duplicate Share Certificate Issuance Committee and attendance of members at its meeting(s) held during FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-36\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of member<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-37 _idGenCellOverride-28\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Attendance at the meeting held on 28 January 2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-37\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman (Managing Director and CEO, executive director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradeep Shrivastava<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (executive director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rakesh Sharma<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Member (executive director)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">Yes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01 ParaOverride-7\" lang=\"en-US\">Recommendations of Committees of the Board<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Board of Directors accepted all the recommendations as and when received from its Committees on different matters.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">Details of remuneration paid to directors during FY2025<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Non-executive directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company pays sitting fees of <span class=\"ITF-Rupee CharOverride-2\">\u20b9<\/span><span class=\"ITF-Rupee\"> <\/span>100,000 per meeting to its non-executive directors for attending meetings of the Board and its Committees (except Duplicate Share Certificate Issuance Committee).<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The shareholders of the Company through a special resolution passed at the Annual General Meeting of the Company held on 22 July 2021, by way of an enabling provision, have accorded approval for payment of commission up to a sum not exceeding one percent of the net profits of the Company, calculated in accordance with the provisions of section 197 and 198 of the Act, to the non-executive directors, in the manner as may be decided by the Board of Directors from time to time during the five year term up to 31 March 2026.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Consistent with this approval from the shareholders, the Company pays commission to the non-executive directors within the ceiling of one percent of the net profits of the Company as computed under the applicable provisions of the Act. The said commission is decided by the Board of Directors on the recommendation of the Nomination and Remuneration Committee and distributed amongst the non-executive directors. At present, the commission is paid @ \u20b9<span class=\"ITF-Rupee\"> <\/span>315,000 per meeting of the Board and\/or Committees.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The commission is paid after the audited financial statements are approved by the Board of Directors and adopted by the shareholders at the Annual General Meeting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Compensation to the non-executive (including independent) directors reflects the time, effort, attendance and participation of such directors in the Board and Committee meetings. Payment to them is linked to their attendance.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has adopted the Bajaj Auto Employee Stock Option Scheme 2019 (\u2018the Scheme\u2019) for the benefit of the permanent employees and\/or directors of the Company and\/or its holding (if any, in future) and subsidiary company(ies), but excluding independent directors and any employee who is a promoter or belonging to the promoter group. During the year under review, the shareholders at the Annual General Meeting held on 16 July 2024 had approved changes to the Scheme, <span class=\"Italic\"><i>inter alia<\/i><\/span>, to cater to expanded categories and base of employees to include the employees of group and associate companies for grant of options in line with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Scheme also amended certain criteria relating to retirement, transfers\/deputation, death\/permanent incapacity.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Pecuniary relationship\/transaction with non-executive directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, there were no pecuniary relationship or transactions of any non-executive directors with the Company, apart from their remuneration as directors.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Company did not advance any loans to any of the non-executive directors and\/or the Managing Director.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Criteria of making payments to non-executive directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Remuneration Policy disclosing the criteria of making payments to directors, key managerial personnel and employees is available on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Executive directors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Managing Director and Chief Executive Officer (\u2018MD\u2019) and two executive directors (\u2018EDs\u2019) are paid salaries, perquisites and allowances, company\u2019s contribution to provident fund, etc. The executive directors are entitled to superannuation benefits payable in the form of an annuity from an approved life insurance company, which forms part of the perquisites allowed to them. The executive directors are also granted stock options in terms of the Bajaj Auto Employee Stock Option Scheme 2019, as amended.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During the year under review, none of the directors were paid any performance-linked incentive, apart from Pradeep Shrivastava and Rakesh Sharma, who are executive directors. The remuneration payable to the executive directors is benchmarked annually and is reviewed by the Nomination and Remuneration Committee (\u2018NRC\u2019). The revisions to the remuneration payable to the executive directors is reviewed by the NRC based on their performance evaluation, achievement of targets and performance of the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The tenure of MD and EDs is of five years each from the date of their respective appointment\/re-appointment with a notice period of ninety days. MD and EDs are also entitled to other perquisites and benefits mentioned in the agreement entered into by them with the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Details of remuneration paid to the non-executive and executive directors are given below:<\/p>\n\t\t\t<table id=\"table011\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-38\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-39\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-40\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-41\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-32\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-42\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_01_Table_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-27\" colspan=\"11\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_15_Table_Head\"><span class=\"Colour\">Table 11: <\/span>Remuneration paid\/payable to directors for FY2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-43\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_02_Table_Rupees_In_Crore _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-29\" colspan=\"11\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_16_Rupees_In_Crore\" lang=\"en-US\">(Amount in <span class=\"ITF-Rupee CharOverride-2\">\u20b9<\/span><span class=\"ITF-Rupee\"> <\/span>)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-38 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Category<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-16 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Sitting fees<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-38 _idGenCellOverride-30\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Salary and perquisites<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-16 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Commission<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-38 _idGenCellOverride-30\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Total<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_10_Table_Text-White-Cell_Center _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-21\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Niraj Bajaj <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chairman, non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,300,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">4,095,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">5,395,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Managing Director and CEO, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">233,676,325<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">352,148,400<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">585,824,725<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Sanjiv Bajaj<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, non-independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">800,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">2,520,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">3,320,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradeep Shrivastava<span class=\"CharOverride-4\" lang=\"en-US\">*<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Whole-time Director, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">283,317,842<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">283,317,842<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Naushad Forbes<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-24 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,800,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">5,670,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">7,470,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Anami N. Roy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-39 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,600,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">5,040,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">6,640,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rakesh Sharma<span class=\"CharOverride-4\" lang=\"en-US\">*<\/span> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Whole-time Director, executive director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-39 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">168,130,754<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">168,130,754<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Pradip Shah<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-39 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,700,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">5,355,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">7,055,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Abhinav Bindra<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-39 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,500,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">4,725,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">6,225,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Vinita Bali<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-23 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,100,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">3,465,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">4,565,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dr. Sangita Reddy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Non-executive, independent director<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-39 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">400,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,260,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,660,000<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-11\"><span class=\"Bold\">Notes:<\/span><\/p>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-6\"><span class=\"CharOverride-4\" lang=\"en-US\">*<\/span>Pradeep Shrivastava and Rakesh Sharma, the executive directors of the Company are entitled to employee stock options as per Bajaj Auto Employee Stock Option Scheme 2019, as amended. The above remuneration is exclusive of fair value of options granted as per Black Scholes model in the year of vesting.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Bajaj Auto Employee Stock Option Scheme 2019 (\u2018BAL-ESOS 2019\u2019\/ \u2018the Scheme\u2019)<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">BAL-ESOS 2019 has been formulated by the Nomination and Remuneration Committee of the Board to provide competitive remuneration opportunities to employees of the Company, through annual and long-term incentive plans. During the year under review, 10,940 options each were granted to the executive directors and other eligible employees at a grant price of <span class=\"ITF-Rupee CharOverride-2\">\u20b9<\/span><span class=\"ITF-Rupee\"> <\/span>8,919.15, being the closing market price on the NSE on the day preceding the day of grant. These grants will vest over a period of four years (25% every year) after a period of one year from the date of grant.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During the year under review, the Scheme was amended, <span class=\"Italic\"><i>inter alia<\/i><\/span>, to expand the categories and base of employees who could be eligible for grant of options in line with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (\u2018ESOP Regulations\u2019). The Scheme was also amended to include enabling provisions for vesting and exercise of stock options in case of retirement, transfers\/deputation, death\/permanent incapacity. The same has been approved by way of the special resolution(s) passed by the shareholders at the Annual General Meeting held on 16 July 2024. The amended Scheme is in compliance with the ESOP Regulations.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In terms of the Listing Regulations, 2015, the amended Scheme is available on the website of the Company at <a href=\"https:\/\/www.bajajauto.com\/investors\/disclosures-under-regulation-46-of-the-sebi-lodr\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/disclosures-under-regulation-46-of-the-sebi-lodr<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head ParaOverride-11\" lang=\"en-US\">Senior Management<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During the year under review, the particulars of the senior management pursuant to the provisions of regulation 16(1)(d) of the Listing Regulations, 2015 and changes therein are as under:<\/p>\n\t\t\t<table id=\"table012\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-44\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-45\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-23\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of the senior management personnel<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-19 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Designation<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-37\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">S Ravikumar<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chief Business Development Officer<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dinesh Thapar<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chief Financial Officer<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Ramtilak Ananthan <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chief Technology Officer (effective from 1 April 2024)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Ravi Kyran Ramasamy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-6 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Chief Human Resources Officer<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Amitabh Lal Das<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">General Counsel (up to 17 September 2024)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Baminee Viswanat<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">General Counsel (effective from 19 February 2025)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Rajiv Gandhi<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Company Secretary and Compliance Officer<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head ParaOverride-7\" lang=\"en-US\">Disclosures<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Information on general body meetings and special resolution(s) passed<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">A. Details of Annual General Meetings (AGM) held during last three years<\/p>\n\t\t\t<table id=\"table013\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-46\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-47\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-46\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-48\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-15\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Details of AGM<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-28 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Location<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-40 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Date and time of AGM<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Details of special resolution(s) passed at the AGM, if any<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-29 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-31\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-41 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-49\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">15th AGM (e-AGM)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Conducted through video conference\/other audio visual means. The deemed venue is the registered office of the Company at Mumbai – Pune Road, Akurdi, Pune – 411035. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">26 July 2022 at 2:00 p.m.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">1. Re-appointment of Dr. Naushad Forbes as an independent director of the Company for a second term of five consecutive years with effect from 18 May 2022.<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">2. Re-appointment of Anami N. Roy as an independent director of the Company for a second term of five consecutive years with effect from 14 September 2022.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-5\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">16th AGM* (Physical)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Conducted at the registered office of the Company at Mumbai – Pune Road, Akurdi, Pune – 411035. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">25 July 2023 at 2:00 p.m.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">1. Re-appointment of Rakesh Sharma as whole-time director of the Company for a period of five years with effect from 1 January 2024.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-49\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">17th AGM* (Physical)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Conducted at the registered office of the Company at Mumbai – Pune Road, Akurdi, Pune – 411035.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">16 July 2024 at 2:00 p.m.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">1. Modification to the Bajaj Auto Employee Stock Option Scheme 2019. <\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">2. Approval to extend the benefits and grant of options to the employee(s) of associate and group company(ies), if any, in addition to holding and subsidiary company(ies) under Bajaj Auto Employee Stock Option Scheme 2019.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_04_Table_Table-Body-Text_30_Table_Footnote ParaOverride-5\">*In terms of the provisions of the Listing Regulations, 2015, one way live webcast of the proceedings was also provided.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">All resolutions proposed by the Board have been passed with requisite majority by the shareholders.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">B. Details of special business passed through postal ballot during last year<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5\" lang=\"en-US\">During FY2025, the Company had sought approval of the members through postal ballot (special resolutions) and the details of the same are given below:<\/p>\n\t\t\t<table id=\"table014\" class=\"Annual-Report-Main-Table _idGenTablePara-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-50\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-51\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-52\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-51\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-50\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-51\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-50\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-51\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-50\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-9\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Date of postal ballot notice<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-7 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-7 _idGenCellOverride-12\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-7 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_08_Table_Thinline_0-5 _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-13\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_21_Table_Thinline_0-5\">Votes (No. of shares and %)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\" rowspan=\"2\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Date of passing the resolution<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-42 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Items of special business<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-42 _idGenCellOverride-25\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">In favour<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-43 _idGenCellOverride-17\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-16\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Against<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-43 _idGenCellOverride-4\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-41 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-31\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-41 _idGenCellOverride-26\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-53\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">16 July 2024<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Appointment of Dr. Sangita Reddy (DIN: 00006285) as a non-executive independent director of the Company for a term of five consecutive years with effect from 16 July 2024. (Special Resolution)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_15_Table_Figure-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">225,964,853<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">(99.49%)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_15_Table_Figure-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">1,158,124<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">(0.51%)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Basic-Paragraph\" lang=\"en-US\">30 August 2024<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-54\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">18 March 2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Re-appointment of Rajivnayan Rahulkumar Bajaj (DIN: 00018262) as Managing Director and Chief Executive Officer of the Company for a period of five years with effect from 1 April 2025.<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">(Special Resolution)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_15_Table_Figure-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">201,064,466<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">(92.00%)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_15_Table_Figure-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">17,474,904<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">(7.99%)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Basic-Paragraph\" lang=\"en-US\">30 April 2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-54\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">18 March 2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Re-appointment of Abhinav Bindra (DIN: 00929250) as a non-executive independent director of the Company for a second term of five consecutive years with effect from 20 May 2025.<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">(Special Resolution)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_15_Table_Figure-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">215,354,568<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">(98.51%)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_15_Table_Figure-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">3,244,237<\/p>\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_26_Table_Figure_Plain\" lang=\"en-US\">(1.48%)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Basic-Paragraph\" lang=\"en-US\">30 April 2025<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-2\" lang=\"en-US\">The Company had appointed Shyamprasad D Limaye, Practising Company Secretary (FCS No. 1587, CP No. 572) as the scrutiniser for conducting the postal ballot including remote e-voting process in a fair and transparent manner.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Other than those stated hereinabove, no special resolution is proposed to be passed through the postal ballot up to the date of this Annual Report.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Procedure for Postal Ballot<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>In compliance with the provisions of sections 108, 110 and other applicable provisions of the Act read with rules issued thereunder & the general circulars issued in this regard by the Ministry of Corporate Affairs (\u2018MCA\u2019) and the Listing Regulations, 2015, the Company provided the facility to the members to exercise votes through electronic voting system (\u2018remote e-voting\u2019) for postal ballot conducted during the year under review. The Company had engaged the services of its registrar and share transfer agent, i.e., KFin Technologies Ltd. for the purpose of providing remote e-voting facility to all its members.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Postal ballot notices, <span class=\"Italic\"><i>inter alia<\/i><\/span>, detailing the voting instructions were sent through email only, to all those members who had registered their email addresses with the Company\/depositories, in view of the relaxation granted by MCA. The notices of aforementioned postal ballot are available on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/disclosures\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/disclosures<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>The Company also published notice in the newspapers for the information of the members. Voting rights were reckoned on the equity shares held by the members as on the cut-off date.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>Pursuant to the provisions of the Act, the Company had appointed a scrutiniser for conducting the postal ballot process in a fair and transparent manner. The scrutiniser submited his consolidated report to the Chairman and the voting results were announced by the Chairman by placing the same along with the scrutiniser\u2019s report on the Company\u2019s website, besides being communicated to the stock exchanges.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Related party transactions<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">All related party transactions (\u2018RPTs\u2019) entered into by the Company during the year under review, were on an arm\u2019s length basis and in the ordinary course of business and were not material in terms of regulation 23 of the Listing Regulations, 2015. Prior approval of the Audit Committee was obtained for all related party transactions. On a quarterly basis, details of such transactions were placed before the Audit Committee for noting\/review.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, there were no materially significant related party transactions that may have potential conflict with the interest of the Company at large. The RPTs undertaken by the Company were in compliance with the applicable provisions of the Act, the Listing Regulations, 2015 and as per the Company\u2019s <span class=\"CharOverride-3\">p<\/span>olicy on materiality & dealing with <span class=\"CharOverride-3\">r<\/span>elated <span class=\"CharOverride-3\">p<\/span>arty <span class=\"CharOverride-3\">t<\/span>ransactions.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">A statement showing the disclosure of transactions with related parties as required under Indian Accounting Standard 24 (Ind AS-24) is set out separately in this Annual Report. Disclosures relating to RPTs on a half-yearly basis are filed with the stock exchanges.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The <span class=\"CharOverride-3\">p<\/span>olicy on materiality of RPTs stipulating threshold limits and also on dealing with RPTs including material modifications definition, as revised by the Board pursuant to the recent amendments to the Listing Regulations, 2015, is available on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Subsidiary companies<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has two Indian subsidiaries, viz., Bajaj Auto Technology Ltd. (formerly Chetak Technology Ltd.) and Bajaj Auto Credit Ltd. and five overseas subsidiaries, viz., PT. Bajaj Auto Indonesia, Bajaj Auto International Holdings BV, Netherlands, Bajaj Auto (Thailand) Ltd., Bajaj Auto Spain, S. L.U. and <a id=\"_idTextAnchor002\"><\/a>Bajaj Do Brasil Comercio De Motocicletas Ltda. None of these subsidiaries are \u2018material subsidiaries\u2019 as defined under regulation 16(1)(c) of the Listing Regulations, 2015, as amended.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company\u2019s <span class=\"CharOverride-3\">p<\/span>olicy for determination of material subsidiary, as revised in terms of the recent amendments to regulation 16(1)(c) of the Listing Regulations, 2015, is placed on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Provisions to the extent applicable and as required under regulation 24 of the Listing Regulations, 2015 with reference to subsidiary companies were duly complied with.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During the year, the Audit Committee reviewed the financial statements (in particular, the investments made) of its unlisted subsidiary companies, to the extent applicable. Minutes of the Board meetings of the subsidiary companies as well as a statement of significant transactions and arrangements entered into by the subsidiaries, as applicable, were regularly placed before the Board of the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, no company became or ceased to be the Company\u2019s subsidiary company or joint venture company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Code of conduct<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Regulation 17(5) of the Listing Regulations, 2015, requires listed companies to lay down a code of conduct for its directors and senior management, incorporating duties of independent directors as laid down in the Act.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has a Board approved Code of Conduct for Board members and senior management of the Company. Based on the review, the Code of Conduct was revised in line with the recent amendments to the applicable regulations and was duly approved by the Board at its meeting held on 18 March 2025. The updated Code has been placed on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">All directors and senior management personnel have affirmed compliance with the Code for FY2025. A declaration to this effect signed by the Managing Director and CEO is given in this Corporate Governance Report.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Disclosure of material transactions<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Pursuant to regulation 26(5) of the Listing Regulations, 2015, senior management has made periodical disclosures to the Board relating to all material financial and commercial transactions, where they had (or were deemed to have had) personal interest that might have been in potential conflict with the interest of the Company. There was only one case involving a member of the senior management. In this instance, the disclosure was discussed, reviewed and found to be in order by the Board.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Review of legal compliance reports<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has in place a robust legal compliance reporting system and the same is reviewed from time to time.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Board periodically reviews compliance reports with respect to the various laws applicable to the Company, as prepared and placed before it by the Management.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Compliances by the Company<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>There were no non-compliance of any legal requirements; nor has there been any penalty or stricture imposed on the Company by any stock exchange, the Securities and Exchange Board of India or any statutory authority on any matter related to capital markets during the last three years.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>The Company has complied with the requirements specified in regulations 17 to 27 and clauses (b) to (i) of regulation 46(2) of the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>The Managing Director and CEO and the CFO have certified to the Board regarding the financial statements and other such matters as required under regulation 17(8) read with part B of schedule II to the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>The Company has complied with all the disclosure requirements of Corporate Governance Report as specified under schedule V to the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span>The Company has not been informed of any agreement under regulation 30A(1) read with clause 5A of paragraph A of part A of schedule III to the Listing Regulations, 2015. Accordingly, there were no disclosures under the said provisions to the stock exchanges.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Compliances regarding Insider Trading<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended (\u2018SEBI PIT Regulations\u2019) the Company has a Board approved Code of Conduct to regulate, monitor and report trading by its Designated <span class=\"CharOverride-3\">p<\/span>ersons and immediate relatives of Designated Persons (\u2018Code of Conduct\u2019) and a Code of <span class=\"CharOverride-3\">p<\/span>ractices and <span class=\"CharOverride-3\">p<\/span>rocedures for Fair Disclosure of Unpublished <span class=\"CharOverride-3\">p<\/span>rice Sensitive Information (\u2018Code of Fair Disclosure\u2019).<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Wherever non-compliance by an employee concerned was observed, penalty was levied and the amount was remitted to the stipulated fund.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">In order to spread awareness on prevention of insider trading and to aid the designated persons to fulfil their obligations under the SEBI PIT Regulations, the Company periodically circulates informatory emails along with the code and policies on Insider Trading, Do\u2019s and Dont\u2019s, etc. In addition to this, training sessions are conducted by the officials of secretarial department in order to educate and sensitise the designated persons.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Audit Committee and the Board at its meeting held on 18 March 2025 had reviewed the compliance in terms of regulation 9A(4) of the SEBI PIT Regulations and confirmed that the systems for internal control with respect to the SEBI PIT Regulations are adequate and are operating effectively.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Disclosure under Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">This disclosure is given in the <span class=\"Italic\"><i>Directors\u2019 Report<\/i><\/span>.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Whistle Blower Policy\/Vigil Mechanism<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has a Whistle Blower Policy encompassing vigil mechanism pursuant to the requirements of section 177(9) of the Act and regulation 22 of the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Whistle Blower Policy\/vigil mechanism provides a route for directors\/employees to report, without fear of victimisation, any unethical behaviour, suspected or actual fraud, violation of the Company\u2019s code of conduct and instances of leak of unpublished price sensitive information, which are detrimental to the organisation\u2019s interest. The mechanism protects whistle blower from any kind of discrimination, harassment, victimisation or any other unfair employment practice.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The said policy has been appropriately communicated to the employees within the organisation and also has been placed on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The directors in all cases and employees in appropriate cases have direct access to the Chairman of the Audit Committee. The Company affirms that no employee has been denied access to the Audit Committee, which is charged with overseeing this policy.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During the year under review, eight complaints were received under the above mechanism. The cases investigated were mainly in the nature of fraud, misbehaviour, misuse of Company\u2019s resources, violation of company policies\/code, etc. Appropriate actions have been taken in these matters including termination of employees, imposition of fine, issuance of warning letters and reporting the matter to the statutory auditors and the Audit Committee. The financial impact of the reported cases was insignificant and caused no material damages to the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Dividend Distribution Policy<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has adopted a Dividend Distribution Policy. More particulars are given in the <span class=\"Italic\"><i>Directors\u2019 Report<\/i><\/span>. The said policy is available on the Company\u2019s website at <a href=\"https:\/\/www.bajajauto.com\/investors\/policies-codes\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/investors\/policies-codes<\/span><\/a><\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Disclosures in financial statements<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Suitable disclosures have been made in the financial statements, together with the Management\u2019s explanation in the event of any treatment being different from that prescribed in the Ind AS.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Disclosure of commodity price risk or foreign exchange risk and hedging activities<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Company neither traded in nor had any exposure in commodities markets.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The details of the Company\u2019s foreign currency risk and hedging are provided in the notes to the standalone financial statements.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Details of utilisation of funds raised through preferential allotment or qualified institutions placement as specified under regulation 32(7A) of the Listing Regulations, 2015<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has not raised funds through preferential allotment or qualified institutions placement during the year under review.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Disclosure of loans and advances in the nature of loans to firms\/companies in which directors are interested<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">During FY2025, the Company and its subsidiaries have not provided any loans and advances in the nature of loans to firms\/companies in which its directors are interested in terms of the provisions of section 184 of the Act.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Means of communication<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span><span class=\"Bold\">Publication of financial results and other notices:<\/span> Quarterly, half-yearly and annual financial results of the Company and other public notices issued for the shareholders are published in leading English and Marathi language dailies, such as Financial Express and Kesari \u2013 Pune edition. An official press release is also issued. The half-yearly results are also sent via email to the shareholders, whose email addresses are registered with the Company.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span><span class=\"Bold\">Company website:<\/span> A separate dedicated section \u2018Shareholders\u2019 is maintained on the Company\u2019s website, viz. <a href=\"https:\/\/www.bajajauto.com\/\"><span class=\"Hyperlink\">www.bajajauto.com<\/span><\/a> for ease of access to the shareholders. The information required to be disseminated as per regulations 30 and 46 of the Listing Regulations, 2015 and the applicable provisions of the Act is made available on the Company\u2019s website. These more particularly include quarterly financial results, annual reports, press releases, earnings call transcripts, corporate governance policies and codes, shareholding pattern and other disclosures filed with the stock exchanges, details of the corporate contact persons and registrar and share transfer agent of the Company, etc.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span><span class=\"Bold\">Analysts\/Institutional investors meet:<\/span> The Company conducts quarterly conference calls\/meetings with analysts\/institutional investors immediately after declaration of financial results to brief them on the performance of the Company. In compliance with regulation 46 of the Listing Regulations, 2015, the schedule, audio recordings and transcripts of the analyst\/institutional investor conference call are hosted on the Company\u2019s website besides being communicated to the stock exchanges.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span><span class=\"Bold\">Stock exchange(s) intimations<\/span><span class=\"Bold\">:<\/span> All financial and other vital official news releases and documents under the Listing Regulations, 2015 are also communicated to BSE Ltd. (BSE) and National Stock Exchange of India Ltd. (NSE), where shares of the Company are listed, besides being placed on the Company\u2019s website.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Bullet_Bullet_5\" lang=\"en-US\"><span class=\"Bullet _idGenBNMarker-2\">\u25cf<\/span><span class=\"Bold\">Communication to investors:<\/span> Sections 20 and 136 of the Act read with the Companies (Accounts) Rules, 2014 and the applicable provisions of the Listing Regulations, 2015 permit companies to service delivery of documents electronically at the registered members\u2019\/shareholders\u2019 email addresses. During the year under review, the Company sent documents, such as notice calling the general meeting\/postal ballot, audited financial statements, directors\u2019 report, auditors\u2019 report, credit of dividend intimation letters, half-yearly financial results, etc. in electronic form at the email addresses provided by the shareholders and made available by them to the Company through the depositories. Shareholders desiring to receive the said documents in printed form continue to get the same upon request. The Company has a dedicated email address exclusively for investor services, viz., <a href=\"mailto:investors@bajajauto.co.in\"><span class=\"Hyperlink\">investors@bajajauto.co.in<\/span><\/a> and the same is prominently displayed on the Company\u2019s website.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\"><a id=\"_idTextAnchor003\"><\/a>Statutory Auditors<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">S R B C & CO LLP, Chartered Accountants (Firm Registration No. 324982E\/E300003) are the statutory auditors of the Company. Total fees paid by the Company and its subsidiaries, on a consolidated basis to the auditors including all entities in their network firm\/network entity of which they are a part is given below:<\/p>\n\t\t\t<table id=\"table015\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-55\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-56\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-57\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-56\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-58\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-56\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-59\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-43\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_02_Table_Rupees_In_Crore _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-29\" colspan=\"7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_16_Rupees_In_Crore\" lang=\"en-US\">(<span class=\"ITF-Rupee CharOverride-2\">\u20b9<\/span><span class=\"ITF-Rupee\"> <\/span>In Crore)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-60\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Sr. No.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-44 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-16 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-44 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">Statutory Audit Fee<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-45 _idGenCellOverride-20\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_05_Table_Thickline_Black_Cente _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_20_Table_Thickline_Center-Head\">Other Services<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-46 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-46 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Auto Ltd. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">1.80<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2.16<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">PT. Bajaj Auto Indonesia<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">3<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Auto International Holdings BV, Netherlands<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Auto (Thailand) Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0.08<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Auto Spain, S.L.U.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Auto Technology Ltd. (Formerly \u2018Chetak Technology Ltd.\u2019)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">0.03<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">7<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Auto Credit Ltd.<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-16\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Bajaj Do Brasil Comercio De Motocicletas Ltda<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-47 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_15_Table_Figure_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_25_Table_Text_Plain_Center\">–<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01 ParaOverride-7\" lang=\"en-US\">Auditors\u2019 certificate on corporate governance<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has obtained the certificate from its statutory auditors regarding compliance with the provisions relating to corporate governance laid down in part E of schedule V to the Listing Regulations, 2015. This is annexed to the <span class=\"Italic\"><i>Directors\u2019 Report<\/i><\/span> and will be sent to the stock exchanges, along with the Annual Report to be filed by the Company.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01\" lang=\"en-US\">Compliance of mandatory and discretionary requirements<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Mandatory<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has complied with all the mandatory requirements of the Listing Regulations, 2015.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold\" lang=\"en-US\">Discretionary<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has also complied with the discretionary requirements as under:<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold ParaOverride-14\" lang=\"en-US\"><span class=\"_idGenBNMarker-3\">1.<\/span>The Board<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-15\" lang=\"en-US\">A Chairman\u2019s office has been made available for the non-executive Chairman. He is allowed reimbursement of expenses incurred in performance of his duties.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold ParaOverride-14\" lang=\"en-US\"><span class=\"_idGenBNMarker-3\">2.<\/span>Shareholder rights<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-15\" lang=\"en-US\">The <span class=\"CharOverride-5\" lang=\"en-US\">annual financial res<\/span>ults of the Company are sent to the shareholders and also posted on the Company\u2019s website; extracts of these results in the prescribed format are published in newspapers on an all-India basis.<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-15\" lang=\"en-US\">As a p<span class=\"CharOverride-5\" lang=\"en-US\">art of good corp<\/span>orate governance practice, the Company sends its half-yearly financial results to shareholders whose email addresses are registered with the depository participants through email after they are approved by the Board and disseminated to the stock exchanges.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold ParaOverride-14\" lang=\"en-US\"><span class=\"_idGenBNMarker-3\">3.<\/span>Modified opinion(s) in audit report<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-15\" lang=\"en-US\">The<span class=\"CharOverride-5\" lang=\"en-US\"> Compan<\/span>y confirms that its financial statements are with unmodified audit opinion.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold ParaOverride-14\" lang=\"en-US\"><span class=\"_idGenBNMarker-3\">4.<\/span>Separate posts of Chairperson and the Managing Director<\/p>\n\t\t\t<p class=\"Web_Bullet-and-Number_2025_Indent-copy_Indent_5 ParaOverride-15\" lang=\"en-US\">The <span class=\"CharOverride-5\" lang=\"en-US\">positions of Chair<\/span>person and Managing Director are held by two different persons who are not related to each other.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_03_Sub_Head_01_Semibold ParaOverride-14\" lang=\"en-US\"><span class=\"_idGenBNMarker-3\">5.<\/span>The internal auditor reports directly to the Audit Committee.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head ParaOverride-7\" lang=\"en-US\">Policies<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">The Company has various policies and codes, duly approved by the Board. The same are reviewed periodically, to incorporate the changes required in terms of the amendments to the applicable laws or as per the changing business dynamics. The following contains the link to key policies and codes adopted by the Company:<\/p>\n\t\t\t<table id=\"table016\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-55\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-61\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-2\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-62\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Sr. No. <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-48 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-13 _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Name of Policy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-49 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_04_Table_Particulars _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-15\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Head_17_Table_Particulars\">Website Link<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-3\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-50 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-5\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-6\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">1<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Whistle Blower Policy\/Vigil Mechanism<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajajauto\/Investors\/code-policy\/Whistle-Blower-Policy.ashx\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajajauto\/Investors\/code-policy\/Whistle-Blower-Policy.ashx<\/span><\/a> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">2<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Remuneration Policy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/Investors\/Codes-Policies\/Corporate-Governance\/BAL---Revised-Remuneration-Policy-25-Apr-2023.ashx\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/Investors\/Codes-Policies\/Corporate-Governance\/BAL—Revised-Remuneration-Policy-25-Apr-2023.ashx<\/span><\/a> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">3<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Policy of materiality of & dealing with related party transactions<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/policy-on-materiality-dealing-with-related-party-transactions.pdf\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/policy-on-materiality-dealing-with-related-party-transactions.pdf<\/span><\/a><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">4<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Policy for determining material subsidiaries<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/policy-for-determining-material-subsidiaries-7425.pdf\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/policy-for-determining-material-subsidiaries-7425.pdf<\/span><\/a><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">5<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Policy on determination of materiality for disclosure of events or information<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/bal-materiality-policy-16072024.pdf\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/bal-materiality-policy-16072024.pdf<\/span><\/a><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">6<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Performance evaluation criteria for Board, committees of Board and directors<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/Investors\/Codes-Policies\/Corporate-Governance\/final-evaluation-criteria-for-ids.ashx\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/Investors\/Codes-Policies\/Corporate-Governance\/final-evaluation-criteria-for-ids.ashx<\/span><\/a> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">7<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Dividend Distribution Policy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/dividend-distribution-policy---18-october-2023.pdf\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/dividend-distribution-policy—18-october-2023.pdf<\/span><\/a><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">8<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Corporate Social Responsibility Policy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajajauto\/Investors\/code-policy\/BAL-Revised-CSR-Policy-29-April-2021.ashx\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajajauto\/Investors\/code-policy\/BAL-Revised-CSR-Policy-29-April-2021.ashx<\/span><\/a> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">9<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Code of practices and procedures for fair disclosure of unpublished price sensitive information<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/code-for-fair-disclosure-25.pdf\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/code-for-fair-disclosure-25.pdf<\/span><\/a><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">10<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Code of Conduct for directors and senior management<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-4\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/bal-code-for-directors-sr-mgt-18-mar-25.pdf\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/investors\/codes-policies\/corporate-governance\/bal-code-for-directors-sr-mgt-18-mar-25.pdf<\/span><\/a><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain ParaOverride-16\">11<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_11_Table_Text-White-Cell_Plain _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-8\">\n\t\t\t\t\t\t\t<p class=\"Web_04_Table_Table-Body-Text_23_Table_Text_Plain\">Archival Policy<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_03_Table_Blank-Cell _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-5 _idGenCellOverride-11\" \/>\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _1_Table_Table-Body-Text_11_Table_Text-_Plain CellOverride-3 _idGenCellOverride-22\">\n\t\t\t\t\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\"><a href=\"https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/Investors\/Codes-Policies\/Corporate-Governance\/bal-policy-on-archival-of-disclosures.ashx\"><span class=\"Hyperlink\">https:\/\/www.bajajauto.com\/-\/media\/bajaj-auto\/Investors\/Codes-Policies\/Corporate-Governance\/bal-policy-on-archival-of-disclosures.ashx<\/span><\/a> <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head ParaOverride-7\" lang=\"en-US\">Report on corporate governance<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">This chapter, read together with the information given in the <span class=\"Italic\"><i>Directors\u2019 Report<\/i><\/span> and the chapters on <span class=\"Italic\"><i>Management Discussion and Analysis<\/i><\/span> and <span class=\"Italic\"><i>General Shareholder Information<\/i><\/span>, constitute the compliance report on corporate governance for FY2025. The Company has been regularly forwarding the quarterly compliance report to the stock exchanges as required under regulation 27(2) of the Listing Regulations, 2015. During the year under review, no cyber security incidents or breaches or loss of data or documents were observed in quarterly compliance report.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_02_Sub_Head\" lang=\"en-US\">Declaration by Chief Executive Officer (MD)<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">[Regulation 34(3) read with schedule V (part D) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015]\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">I, Rajiv Bajaj, Managing Director and CEO of Bajaj Auto Ltd. hereby declare that all the members of Board of Directors and Senior Management have affirmed compliance with the Code of Conduct for Board of Directors and Senior Management of the Company for the year ended 31 March 2025.<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-17\" lang=\"en-US\">Rajiv Bajaj<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text ParaOverride-13\" lang=\"en-US\">Managing Director and CEO<\/p>\n\t\t\t<p class=\"Web_03_Chapter_Head_05_Body-Text\" lang=\"en-US\">Pune: 29 May 2025<\/p>\n\t\t<\/div>\n\t<\/body>\n<\/html>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1465468008 {\n padding-top: 30px;\n padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-blank.php","meta":{"footnotes":""},"class_list":["post-314","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - 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