Policy on Related Party Transactions

PREAMBLE

The Board of Directors (the "Board") of Shree Hanuman Sugar & Industries Limited (the "Company") has adopted this Policy upon the recommendation of the Audit Committee and the said Policy includes the materiality threshold and the manner of dealing with Related Party Transactions as defined below in compliance with the requirements of Section 188 of the Companies Act, 2013 and Regulation 27 of the SEBI Listing Regulation 2015, with the Stock Exchanges in India. Amendments, from time to time, to the Policy, if any, shall be considered by the Board based on the recommendations of the Audit Committee. This Policy applies to transactions between the Company and one or more of its Related Parties. It provides a framework for governance and reporting of Related Party Transactions including material transactions.

OBJECTIVE

The objective of this policy is to regulate transactions between the Company and its Related Parties as determined based on the Companies Act, 2013, Listing Regulation and any other laws and regulations as may be applicable to the Company. The provisions of this Policy are designed to govern the approval process and disclosure requirements to ensure transparency in the conduct of Related Party Transactions in the best interest of the Company and its shareholders and to comply with the statutory provisions in this regard.

DEFINITIONS

Company means Shree Hanuman Sugar & Industries Limited and all its offices.
Board means the Board of Directors of the Company.
Audit Committee means a Committee constituted by the Board of Directors of the Company in accordance with guidelines of Listing Regulation and Companies Act, 2013.
Key Managerial Personnel means key managerial personnel as defined under the Companies Act, 2013 and rules prescribed thereunder.