Embedding Responsible
Tax Practices

All taxes and related compliance reports are filed within statutory due dates. The Company's operational framework comprises an annual compliance calendar that tracks/monitors statutory due dates. The Company strives to remain fully compliant with applicable tax legislation in the regions and geographies where it operates. It upholds a robust system of checks and balances (preparer-reviewer-approver) to ensure timely and accurate compliance with all statutory obligations. The Company seeks expertise from tax advisors wherever necessary and monitors its tax compliance in real time. The Company fulfils its obligation to pay a fair share of taxes in the jurisdictions where it generates value.

The Company provides detailed disclosures on tax practices, payments, and governance framework, going beyond statutory requirements to promote trust and transparency with its key stakeholders, including government, regulators and investors. The Company views appropriate disclosures and reporting as an opportunity to engage with key stakeholders.

The Company's Board of Directors, along with the dedicated Tax team, oversees tax governance, closely engaging with the business units. The Company has established standard operating procedures and internal controls to handle tax-related matters, adhering to best practices and regulatory requirements. The Company's taxation policies are designed to consider long-term implications and ensure that the policies support both economic and social goals.

The Company's tax team collaborates with governments and industry bodies through participatory dialogues to help shape and influence tax policies while ensuring compliance with emerging regulations. The Company is dedicated to interacting with all stakeholders in a manner grounded in integrity and transparency, guided by its defined tax principles. As the Company adapts to the changing global tax environment, it prioritises meaningful stakeholder engagement, forward-looking advocacy, and organisational responsiveness.

The Company follows sustainable tax practices with high governance. It identifies tax risks from the perspective that they may be avoided/ mitigated. The Company's tax governance framework focuses on how tax risks are identified, managed, monitored and mitigated. Wherever significant positions are taken, the Company seeks advice from external experts/senior counsels. The key positions adopted are appropriately documented along with the basis for the same.

Standard operating procedures are built for tax processes, with the objective of following uniform and standardised procedures. Material tax matters are reported to the committee/sub-committee of the Board of Directors, as considered appropriate. Additionally, the Company has established the necessary vigil mechanism for employees and directors to report concerns about unethical or improper activities or any irregularities.

The Company's Board of Directors, along with the dedicated Tax team, oversees tax governance, closely engaging with the business units. It has established standard operating procedures and internal controls to handle tax-related matters, adhering to best practices and regulatory requirements. The Company's taxation policies are designed to consider long-term implications and ensure that the policies support both economic and social goals.