Whistleblower Policy

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1. Introduction

N Ranga Rao and Sons Pvt Ltd (hereinafter referred to as "Company/NRRS') believes in promoting a fair, transparent ethical and professional work environment The Company has a code of conduct governing the Board of Directors and Senior Management Personnel. All Employees are governed by the Code of Business Conduct of the Company. Accordingly, the Whistle Blower Policy ("the Policy") is implemented not only as a safeguard to unethical practices. This mechanisrn is intended to provide mechanism for reporting genuine concerns or grievance and ensure that deviations from the company's Code of Conduct and Values are dealt with in a fair and unbiased manner as provided in Section 177 (9) and (10) of the Companies Act, 2013 and the Companies Rules, 2014 and to, inter alia, report to the management instances of unethical behaviour, actual or suspected, fraud or violation of the Company's code of conduct or policy.

2. Objective of the Whistle Blower Policy

To provide employees, customers and vendors an avenue to raise concerns, in line with the Company's commitment to the highest possible standards of ethical, moral and legal business conduct and its commitment to open communication. Further, to provide necessary safeguards for protection of employees from reprisals or victimization, for whistle blowing in good faith.

3. Scope

All employees including full-time contractual personnel, customers and vendors of the Company.

4. Coverage

The Company, its subsidiaries and joint ventures

5. Main features of the Policy

5.1 Improper Practice

The whistle blowing policy is intended to cover serious concerns that could have a large/material impact on the Company, such as action (actual or suspended) that

  • May lead to innocent financial reporting.
  • Are not in line with applicable company policy.
  • Are unlawful.
  • Otherwise amount to serious improper conduct

5.2 Complainant

  • An employee/customer/vendor making a discourse (Whistleblower) under this policy is commonly referred to as a Complainant (Whistleblower). The complainant's role is as a reporting party, he/she is not an investigator.
  • Although the complainant is not expected to prove the truth of an allegation, the complainant needs to demonstrate to the Ombudsperson, that there are sufficient grounds for concern.

5.3 Safeguards

  • Harassment or Victimization

    Harassment or victimization of the complainant will not be tolerated and could constitute sufficient grounds for dismissal of the employee concerned.

  • Confidentiality

    Every effort will be made to protect the complainant's identity, subject to legal constraints. However, complainant reporting issues related to Discrimination or Harassment (eg. sexual harassment, child labour, discrimination, violation of human rights) would necessarily need to disclose their identity enable effective investigation.

  • Anonymous Allegations

    Complainants must put their names to allegations as follow-up questions and investigation may not be possible unless the source of the information is identified.

    Concerns expressed anonymously WILL NOT BE usually investigated. However, subject to the seriousness of the issue raised, the Ombudsperson can initiate an investigation independently.

  • Malicious Allegations

    Malicious allegations by employees will result in disciplinary action.

  • Ombudsperson

    The Ombudsperson will be a person, including a full time senior employee, well respected for his/her integrity, independence and fairness. She/he would be authorized by the Board of the company for the purpose of receiving all complaints under this policy and ensuing appropriate action.

  • Reporting

    The whistle blowing procedure is intended to be used for serious and sensitive issues. Serious concerns relating to financial reporting, unethical or illegal conduct should be reported to the Ombudsperson. The necessary contact details are provided at Annexure l.

  • Investigation

    All complaints received will be recorded and looked into. lf initial enquiries by the Ombudsperson indicate that the concern has no basis, or it is not a matter to be pursued under this policy, it may be dismissed at this stage and the decision documented where initial enquiries indicate that further investigation is necessary, this will be carried through either by the Ombudsperson alone, or by a Committee nominated by the Ombudsperson for this purpose. The investigation would be conducted in a fair manner, as a neutral fact-finding process and without presumption of guilt. The principles of natural justice and equity would be followed. A written report of the findings would be made.

  • Investigation Result

    Based on a thorough examination of the findings, the committee (or Ombudsperson) would recommend an appropriate course of action to the Chairman/ CEO/ Head of the Company. Where an improper practice is proved, this would cover suggested disciplinary action, including dismissal, if applicable, as well as preventive measures for the future. All discussions would be minute and the final report prepared.

  • Investigation Subject

    The investigation subject is the person / group of persons who are the focus of the enquiry / investigation. Their identity would be kept confidential to the extent possible.

  • Reporting

    The Ombudsperson will provide quarterly reports to the Chairman/ CEO/ Head of the Company.

6. Communication with Complainant

The complainant will receive acknowledgement on receipt of the concern. The amount of contact between the complainant and the body investigating the concern will depend on the nature of the issue and the clarity of information provided. Further information may be sought from him/her. Subject to legal constraints, she/he will receive information about the outcome of any investigations.

7. Changes to the Policy

This policy can be changed, modified, rescinded or abrogated at any time by the Board of the Company.

8. Accountabilities

  • Bring to early attention of the company any Employees / Customers / improper practice they become aware of. Although vendors are not required to provide proof, they must have sufficient cause for concern.
  • Avoid anonymity when raising a concern.
  • Co-operate with investigating authorities, maintaining full confidentiality.
  • The intent of the policy is to bring genuine and serious issues to the fore and it is not intended for petty complaints. Malicious allegations by associates may attract disciplinary action.
  • A complainant has the right to protection from retaliation. But this does not extend to immunity for complicity in the matters that are the subject of the allegations and investigation.
  • In exceptional cases, where the complainant is not satisfied with the outcome of the investigation carried out by the Ombudsperson, he / she can make a direct appeal to the Chairman of the Company.

9. Ombudsperson

Role of the Ombudsperson:

  • Ensure that the policy is being implemented.
  • Ascertain prima facie the credibility of the charge. lf initial enquiry indicates further investigation is not required, close the issue.
  • Document the initial enquiry.
  • Where further investigation is indicated carry this through, appointing a Committee, if necessary.
  • Provide quarterly reports to the Chairman/CEO/Head of the Company.
  • Acknowledge receipt of concern to the complainant, thanking him/her for initiative taken in upholding the company's business conduct standards.
  • Ensure that necessary safeguards are provided to the complainant.

Further, the Ombudsperson or Committee shall, as the case may be:

  • Conduct the enquiry in a fair, unbiased manner.
  • Ensure complete fact-finding.
  • Maintain strict confidentiality.
  • Decide on the outcome of the investigation, whether an improper practice has been committed and if so by whom.
  • Recommend an appropriate course of action - suggested disciplinary action, inducing dismissal, and preventive measures.
  • Minute Committee deliberations and document the find report

10. Chairman/CEO/Head of the Company

Role of Chairman/CEO/Head will be to

  • Table the quarterly reports from the Ombudsperson with the Board on unresolved and contentious issues.
  • Ensure necessary action after recommendations of the Ombudsperson / Committee.

11. Investigation Subject

The investigation subject shall

  • Provide full co-operation to the investigation team.
  • Be informed of the outcome of the investigation.
  • Accept the decision of the Ombudsperson.
  • Maintain strict confidentiality.

12. Retention of documents

All Disclosures in writing or documented dong with the results of investigation relating thereto shall be retained by the Company for a minimum period of seven years.

*This Whistle Blower Policy has been approved by the Board of Directors of the Company at its meeting held on 6th January 2016.

Annexure I

Contact Details of the Ombudsperson

Mr M R Suresh
Chief Operating officer
N Ranga Rao & Sons Pvt Ltd
No.1553, N R. House
Vani Vilasa Road
Mysuru - 570 001
E mail : suresh@nrrs.net

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