Regulation 62E - Maximum number of directorships - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

1 [Maximum number of directorships. 62E . The directors of HVDLE shall comply with the following conditions with respect to the maximum number of directorships, including any alternate directorships held by them at any point of time - (a) A person may act as a director in not more than seven listed entities: Provided that a person may serve as an independent director in not more than seven listed entities. (b) Notwithstanding the above, any person who is serving as a whole time director/ managing director in any listed entity may serve as an independent director in not more than three listed entities. Explanation (1) : For the purpose of this regulation, the number of listed entities on which a person is a director / independent director shall be cumulative of those whose equity shares are listed on a stock exchange and high value debt listed entities . Explanation (2) : For the purpose of this regulation, the directorship(s) held by a person on an ex-officio basis due to statute or applicable contractual framework in case of public sector undertakings and entities set up under a public private partnership arrangement shall not be included in the maximum number of directorships (c) The provisions of this regulation shall be complied with within six months from the date of the publication of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025 in the Official Gazette or the date of Annual General Meeting, whichever is later. ] **************** NOTES:- 1 . Inserted vide F. No. SEBI/LAD-NRO/GN/2025/239 dated 27-03-2025