Programme for Independent Directors

(In terms of Regulation 25(7) of the Listing Regulations)

Background

The Listing Regulation requires listed companies to conduct Amba Enterprises limited programme for the Independent Directors so as to familiarize them 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. Amba Enterprises Limited facilitates the members of its Board to Amba enterprises Limited themselves with the industry and its operations.

Practices followed by the Company on a continuous basis

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

· Atleast one Board Meeting in a year has a detailed strategy session with the senior management team of AEL. The members of the Management team of AEL make presentations to the Independent Directors which inter alia covers the industry scenario, strategic priorities for AEL and the business model of the Company.

Other Amba Enterprises programmes which the Company may conduct from time to time

· The Company may conduct introductory programmes when a new Independent Director is inducted on the Board of the Company.

· The Company management also organizes presentations to the Independent Directors to apprise them of key changes in regulations impacting the Company or the functioning, roles and responsibilities of the Board members. On promulgation of the Companies Act, 2013 and consequent changes to the SEBI regulations, such presentations and updates were provided to the members of the Boar