Familiarisation Program of Independent Directors

Preamble

Regulation 25 (7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 stipulates that the company shall familiarize the independent directors through various programs about their roles, rights and responsibilities in the company, nature of the industry in which the company operates, business model of the company, etc.

Outline of the Familiarisation process

The Board including all Independent Directors have been explained about their roles, rights, responsibilities in the Company through detailed presentations on the changes in backdrop of Companies Act 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standards. The Company has arranged such presentations through internal resources as well as outside experts/consultants.

The Board including all Independent Directors were provided with relevant documents, reports and internal policies to enable them to familiarize with the Company’s procedures and practices from time to time.

Periodic presentations were made at the Board and Board Committee Meetings, on business and performance updates of the Company, business strategy and risks involved.

Updates on relevant statutory changes on laws concerning the Company are informed to the entire Board on regular intervals.

Independent Directors are facilitated to meet without the presence of the Company’s management to discuss matters pertaining to the Company’s affairs.

The Company organised visits to the plants for the Directors to facilitate them to understand the operations of the Company in detail.

Thedetails of familiarization programs imparted to independent directors are as under:

Details of Familiarization Program

Date of Program	Names of Independent Directors who attended the Program	No. of hours	Areas covered
September 23-24, 2014	Dr. Anand C. Burman Mr. Pradeep Dinodia Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V. P. Malik	48 hours	Future Outlook of the Company Business Strategy
May 7, 2015	Dr. Anand C. Burman Mr. M Damodaran Mr. Pradeep Dinodia Dr. Pritam Singh Ms. Shobana Kamineni Gen. (Retd.) V. P. Malik	2 hours	Economic Outlook Domestic Business of the Company Global Business Parts Business Projects of the Company
October 20, 2015	Dr. Anand C. Burman Mr. M Damodaran Mr. Pradeep Dinodia Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V. P. Malik	2 hours	Economic Outlook Key Company Highlights Global Business Domestic Business of the Company covering Market Trend, Growth Trend etc. SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015
May 5, 2016	Mr. M Damodaran Mr. Pradeep Dinodia Mr. Ravi Nath Ms. Shobana Kamineni Gen. (Retd.) V.P. Malik	1 hour	Domestic Business Outlook Marketing Strategy
August 8, 2016	Dr. Anand C. Burman Mr. M. Damodaran Mr. Pradeep Dinodia Mr. Paul Bradford Edgerley Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V.P. Malik	2 hours	Insight on Two-wheeler Industry and Company’s Performance International Outlook of Industry especially where the Company had footprints Product Planning Strategy R&D
October 26, 2016	Mr. M. Damodaran Mr. Pradeep Dinodia Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V.P. Malik	1 hour	Operations Overview Domestic Business
February 7, 2017	Dr. Anand C. Burman Mr. M. Damodaran Mr. Pradeep Dinodia Mr. Paul Bradford Edgerley Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V.P. Malik	2 hours	Global Product Launch R&D Domestic Business Organisation & Talent Review
March 7, 2017	Mr. M. Damodaran Mr. Pradeep Dinodia Ms. Shobana Kamineni Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V.P. Malik	1 hour	Global Product Planning Domestic Sales / Marketing
May 10, 2017	Dr. Anand C. Burman Mr. M. Damodaran Mr. Pradeep Dinodia Mr. Paul Bradford Edgerley Dr. Pritam Singh Mr. Ravi Nath Ms. Shobana Kamineni Gen. (Retd.) V.P. Malik	2 hours	Operations overview Domestic Sales/ Marketing
July 25, 2017	Mr. M. Damodaran Mr. Pradeep Dinodia Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V.P. Malik	2 hours	Industry outlook & Organisational overview R&D Global Business Strategy Domestic Sales/ Marketing
November 1, 2017	Dr. Anand C. Burman Mr. M. Damodaran Mr. Pradeep Dinodia Dr. Pritam Singh Mr. Ravi Nath Gen. (Retd.) V.P. Malik	1.5 hours	Domestic Sales/ Marketing
February 6, 2018	Dr. Anand C. Burman Mr. M. Damodaran Mr. Pradeep Dinodia Dr. Pritam Singh Mr. Ravi Nath Ms. Shobana Kamineni Gen. (Retd.) V.P. Malik	2.5 hours	Parts Business overview Marketing Review
March 19, 2018	Mr. M. Damodaran Mr. Pradeep Dinodia Gen. (Retd.) V.P. Malik	0.5 hour	Organisational & talent review

Details of familiarisation program attended by independent Directors:

Names of Directors	Financial Year 2014-15		Financial Year 2015-16		Financial Year 2016-17		Financial Year 2017-18		Cumulative till date
Names of Directors	No. of Programmes	No. of Hour	No. of Programmes	No. of Hour	No. of Programmes	No. of Hour	No. of Programmes	No. of Hour	No. of Programmes	No. of Hour
Dr.Anand C.Burman	1	48	2	4	2	4	3	6	8	62
Mr. Pradeep Dinodia	1	48	2	4	5	7	5	8.5	13	67.5
Dr.Pritam Singh	1	48	2	4	4	6	4	8	11	66
Mr. Ravi Nath	1	48	1	2	5	7	4	8	11	65
Gen. (Retd.) V. P. Malik	1	48	2	4	5	7	5	8.5	13	67.5
Mr. M Damodaran	0	0	2	4	5	7	5	8.5	12	19.5
Ms.ShobanaKamineni*	0	0	1	2	2	2	2	4.5	5	8.5
Mr. Paul Bradford Edgerley**	0	0	0	0	2	4	1	2	3	6

* Appointed as Independent Director w.e.f. 27.03.2015.

** Appointed as Independent Director w.e.f. 05.05.2016.