$ At the 35th Annual General Meeting of the Shareholders of the Corporation held
on July 11, 2012, Dr. J. J. Irani was appointed as a director liable to retire
* All Independent directors have confirmed having met the criteria laid under
Clause 49 (I) (A) (iii) of the listing agreements relating to Corporate
** Directorships do not include alternate directorships, directorships of private
limited companies (except private limited companies that are subsidiaries of a
public limited company) and of companies incorporated outside India.
*** In terms of Clause 49 (I) (C) (ii) of the Listing Agreements, a director
cannot become a member in more than 10 committees or act as Chairman of more
than 5 committees across all public companies in which he is a director. For
this purpose, only Audit Committee and Investors' Grievance Committee are
required to be considered.
Excluding the directorships mentioned above, Mr. Deepak S. Parekh and Mr. B. S.
Mehta are alternate directors in 2 and 1 companies, respectively.