HR Policy No.: 12 Key Area: Human Resource Management Systems.

Sub Key Area: Transfer & Deputation to Group

Authorized By: Head- HR
Companies / JV Companies / Sister concern.

I. PERSPECTIVE:

The purpose of transfer and deputation to Group Companies is to enable employees to get
valuable global exposure and experience in order to develop them into global business
managers.

II. POLICY:

2.1 The services of an employee are liable to be deputed / transferred to any division of
the company, its associate companies in the group and their joint ventures.

2.2 Further an employee is liable to be transferred to any location in India/Overseas,

depending on exigencies of business.

2.3 All deputations to Group companies / joint venture companies will be on the basis of
requirement & demonstrated competence and potential.

2.4 During the period of deputation / transfer, employees will be governed by the terms
and conditions of the joint venture company.

2.5 Facilities like transportation, etc. provided to an employee while posted in a joint
venture company will be governed by the rules of the joint venture company for the
tenure in the joint venture company. On return from the assignment, the employee
will revert and adhere to the rules of the parent company.

III. PRACTICES:

3.1 All the jobs are transferable in the company.

3.2 Transfer of an employee shall be at the sole discretion of the management looking at
the organizations requirement.

3.3 Transfer letter in writing shall be issued by HR department after concluding the date
of transfer. It is desirable that the date of transfer should be first day of the month to
avoid administrative inconveniences.

3.4 Transfer order shall be given to the employee well in advance and he shall have to
join his duty to the new place of posting as per the terms of the order.

3.5 Employees shall be entitled to claim actual fare from the present posting to the place
of their new posting as per the prevailing Travel Policy of the Company.
3.6 The Company shall not provide any accommodation facilities at new place of posting.
It will be the sole responsibility of the employee to arrange for the same.

3.7 Actual expenses on Household and luggage transfer through road / rail transport shall
be reimbursed, subject to prior approval of Head- HR on the lowest of at least three
quotes submitted in advance.

3.8 There shall not be any change in the salary until it has been discussed and decided by
the management.

3.9 In case of Inter-company transfer within the Group, all retiral liabilities towards PF,
gratuity, etc will be transferred to the new company and thereafter new company will
take care of these liabilities. For all these purposes, employee’s date of joining the
first company (with uninterrupted services) will prevail for determining his length of
service in the Group.