Shriram City Union Finance Limited - Karvy

All the directors of our Company, including independent directors, may also be deemed to be interested to theextent of Equity Shares, if any, held by them or by companies, firms and trusts in which they are interested asdirectors, partners, members or trustees and also to the extent of any dividend payable to them and otherdistributions in respect of the said Equity Shares.All our directors may be deemed to be interested in the contracts, agreements/arrangements entered into or to beentered into by our Company with any company in which they hold directorships or any partnership firm in whichthey are partners as declared in their respective declarations. Except as otherwise stated in this Draft Prospectusand statutory registers maintained by our Company in this regard, our Company has not entered into any contract,agreements or arrangements during the preceding two years from the date of this Draft Prospectus in which thedirectors are interested directly or indirectly and no payments have been made to them in respect of these contracts,agreements or arrangements which are proposed to be made with them.Our Company’s directors have not taken any loan from our Company.Debenture holding of Directors:None of our Directors are holding debentures of our Company.Changes in the Directors of our Company during the last three years:The Changes in the Board of Directors of our Company in the three years preceding the date of this Draft Prospectusare as follows:Name of the Director Date of Change ReasonMr. V. Parthasarathi November 2, 2009 ResignationDr. T.S. Sethurathnam January 30, 2010 ResignationShareholding of Directors, including details of qualification shares held by DirectorsAs per the provisions of our MOA and AOA, Directors are not required to hold any qualification shares.None of our Directors are holding shares in our Company.Corporate GovernanceOur Company has been complying with the requirements of the applicable regulations, including the listingagreement with the Stock Exchanges where our securities are listed and the SEBI Regulations, in respect ofcorporate governance including constitution of the Board and Committees thereof. The corporate governanceframework is based on an effective independent Board, separation of the Board’s supervisory role from theexecutive management team and constitution of the Board Committees, as required under law.The Board is constituted in compliance with the Companies Act , the listing agreement with Stock Exchangeswhere our securities are listed and in accordance with best practices in corporate governance. The Board functionseither as a full Board or through various committees constituted to oversee specific operational areas. The executivemanagement of our Company provides the Board detailed reports on its performance periodically.Details of various committees of the BoardOur Company has constituted the following committees:116