The Board of Directors had noted the provisions of Section 177 of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of the Board and its Powers) Rules, 2014 and accordingly, approved the whistle blower policy for the Company which provides for a vigil mechanism to report genuine concern or grievances of Directors/Employees to ensure proper governance. Further, Whistle Blower Policy helps in bringing the attention of the Management/Chairperson of the Audit Committee in respect of unethical behavior, actual or potential fraud or any irregularities in the Company practices in proper manner.
The said policy, however, provides for adequate safeguards to the victim who avail this mechanism. The policy also provides for direct access to the Chairperson of the Audit Committee in exceptional cases. The assurance and co-operation from the Management is also extended in safeguarding the interest of the individuals who chooses to report matters to the Management. In the process, it is also ensured that the Policy is not misused. Whistle Blower Policy aims that Employees and Directors shall act as Guardian of Company’s core values. It is to be ensured that genuine Whistle Blowers are accorded complete protection from any kind of unfair treatment including any harassment and any abuse will warrant disciplinary action.
The Whistle Blower Policy has been duly intimated to all the Directors/Committee Members/Employees of the Company.