Familiarisation Programme for Independent Directors

Familiarisation programme for Independent Directors

Preamble

In terms of Clause 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company shall familiarize the independent directors with the company, their roles, rights, responsibilities in the company, nature of the industry in which the company operates, business model of the company, etc., through various programmes.

Purpose

The Familiarization Programmes are aimed to familiarize the independent directors with the company, their roles responsibilities in the company, nature of industry in which the company operates and business model of the company by imparting suitable training sessions.

Overview of Familiarization Programmes

Board of Directors in its meeting held on July 31, 2014 had approved the Independent Director’s Training Policy (“Policy”) according to which:

– To facilitate independent directors in the performance of their duties and responsibilities, new directors are provided with a personal orientation by senior leaders and materials regarding the Company’s business and operations, governing documents, information on key personnel, and financial information are made available to them.

– Independent directors are also taken through detailed business strategy for various businesses during the independent directors meetings which are held at least twice during the financial year.

– The Chairman of the Board depending on the business needs may also nominate independent directors for relevant external training programs.

Apart from Independent Directors, Non-Executive Directors are also eligible to attend the familiarization programmes.

The Independent Directors are made aware of their role and responsibilities and liabilities at the time of their appointment through a formal letter of appointment, which also stipulates their roles and responsibilities and various terms and conditions of their appointment.

Regular updates on relevant statutory and regulatory changes are regularly circulated to the Directors.

Details of Familiarzation sessions held pursuant to the Policy are as follows:

S. No.	Date of the Familiarisation Programme	Duration of the Programme (hours)	Topic of the Familiarisation Programme
1	6-Nov-14	2.00	Lending Business
2	28-May-15	2.00	Health Insurance Business
3	29-Oct-15	2.00	Broking Business
4	26-May-16	2.00	Lending Business
5	25-Oct-16	2.00	Health Insurance Business
6	10-Aug-17	1.30	Risk Management Framework
7	14-Feb-18	1.30	Risk Management Framework
8	6-Sep-18	1.00	Applicability / Implementation of IND AS on Religare
9	20-Nov-18	0.45	Health Insurance Business
10	23-May-19	1.00	Regulatory Framework for NBFCs/CICs
11	4-Dec-19	4.00	Organisational Structure
12	12-Jun-20	1.30	Broking Business
13	22-Jun-21	2.00	IPO Process
14	25-May-22	1.00	Bad Banks
15	25-Jun-22	4.00	Various businesses i.e. Housing Finance, NBFCs in India, Broking Industry and Health Insurance sector
16	26-Jun-22	3.00	1. Rights/Liability & duties of Directors under Companies Act, 2013 and 2. SEBI (PIT) Regulations, 2015
17	28-Mar-24	3.30	Various businesses i.e. Health Insurance, Lending & Housing Finance
18	29-Mar-24	1.00	1. Broking Business
		0.45	2. Group IT Review
		0.45	3. Regulatory aspects – Compliance Perspective
		1.30	4. Fraud Prevention & Compliance
		1.30	5. Financial Services Landscape in India
19	26-Mar-25	1.30	1. Introduction about the Industry and Company and the Board’s Legal Environment: Duties, Responsibilities and Liabilities of a Director
19	26-Mar-25	1.30	2. Sensitising Board of Directors

Cumulative Hours Till Date		43.15	40 hours 15 minutes

Details of attendance of Independent Directors in Familiarization Sessions are as follows:
‍

S.No.	Name of Independent Director	No. of the Sessions attended		No. of hours spent in the Sessions attended
		FY2024-25	Cumulative till date	FY2024-25	Cumulative till date
1	Mr. Malay Kumar Sinha	1	12	3	29.75
2	Mr. Praveen Kumar Tripathi	1	6	3	20
3	Mr. Ranjan Dwivedi	1	4	3	13
4	Ms. Preeti Madan	1	2	3	6.3
5	Mr. Rajender Mohan Malla	1	2	3	3
6	Mr. Shrikant Shreeniwas Somani	1	2	3	3

‍

– 1Appointed as Director w.e.f. May 28, 2018

– 2Appointed as Independent Director on December 22, 2021

– 3Appointed as Independent Director on December 29, 2021

– 4Appointed as Independent Director on January 24, 2023

– 5Appointed as Independent Director on February 21, 2025

– 6Appointed as Independent Director on February 21, 2025