During the year, the Company has inducted three independent directors on the Board. The Company has arranged a special induction/familiarization program to these three directors wherein these three directors have made a two-day visit in November 2016 to its Corporate Office and its R&D Plant at Hyderabad, its manufacturing facilities at Visakhapatnam and interacted with all senior colleagues including the whole time directors of the Company. During March 2017 also once again the Board meeting was conducted in Visakhapatnam and the Directors have visited all the manufacturing facilities of the Company. At the time of appointment, the CEO and some other Board members have interacted with these new independent directors and explained the objective and philosophy and core values of the Company. The Company has provided all the literature such as its previous annual reports, presentation on operations, budget vs. achievements etc. All these independent directors have been provided with the letters of appointments wherein their duties, roles and expectations of the Company etc. have been clearly specified.

Apart from the above, senior management personnel of the Company regularly make presentations to the Board members on the operations of the Company, its plans, strategy, risks involved, new initiatives etc. and seek their views and suggestions on the same. The Board members have been provided with various policies of the Company including Code of Conduct for Directors and Senior Management Personnel etc.