The Company shall enter into transactions with related parties on arms length basis and in accordance with the provisions of the Companies Act 2013 and the RBI Guidelines on the subject.

A transaction with a related party shall be considered material if the total of transactions entered into with any related party during the financial year, taken together, exceed 10% of the total transaction by the company for all related parties under that head / group as per the audited financial statements of the Company, unless on the basis of facts and circumstances the board of directors of the Company feel that a transaction of less than 10% is also material.