Corporate Governance Policy

Policy ID: PCI/POL/01/2026-27 • Version 1.0 Owner: Company Secretary / Compliance • Approver: Board of Directors Sources: GOV, REG, COM • Review: Annual / regulatory change

Purpose and application

All directors, committees, branches and senior management; additional layer-specific requirements apply.

1. Board oversight: - The Board shall approve strategy, risk appetite, delegation, policies and material transactions. Matters reserved for the Board cannot be approved by a branch. Committee composition and independence shall follow the applicable NBFC layer and Companies Act.

2. Conflicts and accountability: - Directors and employees shall declare interests at appointment and on change. Interested persons shall recuse where required. Related-party transactions shall receive lawful approval, arm’s-length assessment and transparent recording. No person shall approve their own benefit.

3. Management process: - The CEO shall implement decisions through named owners and written procedures. Compliance shall maintain a regulatory calendar, identify breaches and independently escalate to the Board. Material outsourcing shall not transfer the Company’s accountability.

4. Reporting and assurance: - Quarterly Board packs shall cover capital, liquidity, overdue loans, provisioning, complaints, fraud, audit findings and policy exceptions. Internal audit shall verify completion of corrective actions; whistleblowers shall be protected from retaliation.

5. Records and review: - Maintain minutes, statutory registers, declarations and approval trails under the retention schedule. The Board shall review this policy annually and immediately after a material regulatory or business change. Source codes are linked to the Reference Register. Read with the common implementation controls and relevant annexes. Applicable law and RBI Directions prevail.