Policy for determining ‘Material’ subsidiaries

SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, requires all listed companies to formulate a Policy for determining ‘material’ subsidiaries. Accordingly, the following Policy has been framed by Thyrocare:

1. A subsidiary shall be considered as ‘material’, if its income or net-worth exceeds ten percent of the consolidated income or net-worth respectively, of the Company and its subsidiaries, in the immediately preceding accounting year.

2. This Policy on ‘material’ subsidiaries shall be subject to the Companies Act, 2013 read with Rules made thereunder, as may be in force for the time being, as well as SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and such other Rules / Regulations, as may be notified by SEBI from time to time.