Related Party Transaction Policy

The Board of Directors, hereinafter referred to as “the Board” of Tide Water Oil Co. (I) Ltd, has adopted Related Party Transactions Policy, hereinafter referred to as “this Policy”, to set forth the procedures under which transactions with Related Parties and materiality thereof shall be ascertained and considered subsequently for approval. This Policy also aims to comply with the provisions of Section 188 of the Companies Act 2013 and Regulation 23 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations, 2015). This Policy applies to transactions between the Company and one or more of its Related Party(ies) as defined herein below. It provides a framework for the governance and reporting of Related Party Transactions including Material Related Party Transactions. Read More