{"content":[{"text":"RISK MANAGEMENT POLICY \n OVERVIEW \n This is in compliance with Section 134 (3) (n) of the Companies Act, 2013 and Regulation \n 17(9)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 which \n requires the Company to develop and implement a Risk Management Policy/Plan and to lay \n down risk assessment and minimization procedures.","bbox":{"left":0.152941,"top":0.086084,"width":0.6928350000000001,"height":0.152456}},{"text":"ROLE OF BOARD OF DIRECTORS","bbox":{"left":0.152941,"top":0.255046,"width":0.278769,"height":0.015766999999999975}},{"text":"The Board of Directors of the Company oversee the development of Risk Management Policy \n and the establishment, implementation and monitoring of the Company’s risk management \n system, in accordance with the policy.","bbox":{"left":0.152941,"top":0.287318,"width":0.6927220000000001,"height":0.04803999999999997}},{"text":"ROLE OF THE CHIEF RISK OFFICER (CRO)","bbox":{"left":0.152941,"top":0.352015,"width":0.35000200000000004,"height":0.015766999999999975}},{"text":"The Chief Risk Officer (If Any) has responsibility for identifying, assessing, monitoring and \n managing risks. Primarily, the Chief Risk Officer is also responsible for tracking and \n identifying any material changes to the Company’s risk profile and ensuring, with \n recommendations and approval of the Risk Management Committee (RMC) and the Board, \n the risk profile of the Company is updated to reflect any material change.","bbox":{"left":0.152941,"top":0.384136,"width":0.693018,"height":0.08061600000000002}},{"text":"Implementation of the risk management system and day-to -day management of risk is the \n responsibility of the Chief Risk Officer, with the assistance of senior management, as required.","bbox":{"left":0.152941,"top":0.481409,"width":0.693023,"height":0.03197899999999998}},{"text":"The Chief Risk Officer is required to report to the Board as to the effectiveness \n Company’s management of its top 10 critical business risks on a regular basis.","bbox":{"left":0.152941,"top":0.530197,"width":0.638171,"height":0.03197899999999998}},{"text":"of","bbox":{"left":0.799171,"top":0.530197,"width":0.014774999999999983,"height":0.015766999999999975}},{"text":"the","bbox":{"left":0.822189,"top":0.530197,"width":0.023612999999999995,"height":0.015766999999999975}},{"text":"The Chief Risk Officer shall be responsible for tracking and ensuring that all the action plan \n devised for identified risks are being implemented within stipulated timelines.","bbox":{"left":0.152941,"top":0.578833,"width":0.6928529999999999,"height":0.03182799999999997}},{"text":"ROLE OF THE HEADS OF THE DEPARTMENTS","bbox":{"left":0.152941,"top":0.627318,"width":0.38654900000000003,"height":0.015766999999999975}},{"text":"Heads of Departments shall be responsible for implementation of the risk management \n system as may be applicable to their respective areas of functioning and report to the Chief \n Risk Officer.","bbox":{"left":0.152941,"top":0.659439,"width":0.692839,"height":0.04819200000000001}},{"text":"Heads of Departments are required to provide updates on status of action plans devised for \n risks identified in their respective areas (action taken report) periodically to the Chief Risk \n Officer.","bbox":{"left":0.152941,"top":0.724288,"width":0.69288,"height":0.048190999999999984}},{"text":"RISK CATEGORIES AND PROFILE","bbox":{"left":0.152941,"top":0.789136,"width":0.284055,"height":0.015766999999999975}},{"text":"The Company considers that any risk that could have a material impact on its business should \n be included in its risk profile. All the identified risks shall be categorized under the following \n categories:","bbox":{"left":0.152941,"top":0.821106,"width":0.693018,"height":0.048190999999999984}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}