Letter of Appointment to Independent Director
We are pleased to confirm your appointment as a Non-Executive Independent Director on the
Board of Shalimar Productions Limited (hereinafter referred to as “Shalimar” or “the
Company”). In this respect, your role and responsibility as an Independent Director is
formalized through this letter of appointment.
This letter sets out the terms of your appointment as an Independent Director. Your relationship
with the Company will be that of an office-holder and not one of contract for employment in the
The terms of your appointment, as set out in this letter, are subject to the extant provisions of
the Companies Act, 2013, Rules made thereunder, Clause 49 of the Listing Agreement, as may
be amended from time to time and Articles of Association of the Company.
1. Appointment and term thereof
In accordance with the provisions of Section 149 and 152 and other applicable provisions of the
Companies Act, 2013 (‘Act’) read with the Companies (Appointment and Qualification of
Directors) Rules, 2014 (‘Rules’), your appointment as a Non-Executive Independent Director on
the Board of Directors (Board) of Shalimar will be for an initial term up to Five (5) years with
effect from ___________ unless terminated earlier or extended, as per the provisions of this
letter or applicable laws.
As an Independent Director, you will not be liable to retire by rotation.
Your re-appointment for the second term shall be based on recommendation of the Nomination
& Remuneration Committee and subject to approval of the Board and the Shareholders which
shall be further based on the outcome of the performance evaluation process and your
continuing to meet independence criteria. The Company is at liberty to disengage Non-
Executive Independent Director earlier subject to compliance of relevant provisions of
Companies Act, 2013.
You may resign from your position at any time by serving a reasonable written notice on the
Board. In terms of the provisions of Companies Act, 2013, you are required to file a copy of your
resignation letter with the Registrar of Companies, Maharashtra, Mumbai.