Remuneration Policy

Tide Water Oil Co. (India) Ltd. (“Company”) has constituted a Nomination and Remuneration Committee (“Committee”) in its Board meeting held on 4th April, 2014 as per the terms and conditions provided in Section 178 of the Companies Act, 2013 and Part - D of Schedule II of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations, 2015), which is amended from time to time. As per the provisions, the Company is required to frame a policy on the nomination and remuneration of Directors, Key Managerial Personnel (KMP), senior management personnel, and other employees of the Company.