30, C.R.Avenue, Kolkata 700 012

Whistle Blower Policy

WHISTLE BLOWER POLICY

PREAMBLE

Section 177 of the Companies Act, 2013 requires every listed company and such class or classes of companies, as may be prescribed to establish a vigil mechanism for the directors and employees to report genuine concerns in such manner as may be prescribed. IAG GLASS COMPANY LIMITED (the Company) is covered by Section 177.

PURPOSE

The "Whistleblower Policy" encourages Directors and employees to bring to the Company's attention, instances of unethical behavior, actual or suspected incidents of fraud that could adversely impact the Company's operations, business performance and / or reputation. The Company will investigate such reported incidents in an impartial manner and take appropriate action to ensure that the requisite standards of professional and ethical conduct are always upheld.

REPORTING MECHANISM

A Whistleblower complaint may be made by any employee (hereinafter referred to as the ‘complainant'). Such complaint should be sent to CORPORATE OMBUDSMAN. Anonymous complaint will not be entertained. In case of a complaint/concern against CORPORATE OMBUDSMAN, the same shall be addressed to the Chairman of the Audit Committee. Complaint shall be made in writing and must include as much information about the suspected violation as the complainant can provide.

Employees are encouraged to report such incidents as early as possible, in any case within 30 days of the suspected violation / breach noticed by him / her, so that timely action can be taken.

INVESTIGATION

  • Upon receipt of a complaint (other than by or against CORPORATE OMBUDSMAN), the CORPORATE OMBUDSMAN, will make an assessment thereof and on being satisfied as to the seriousness and credibility of the complaint, direct the complaint for investigation.
  • All employees have a duty to cooperate in an investigation.
  • All information disclosed during the course of an investigation, including the identity of the complainant, will be kept confidential, except as necessary or appropriate to disclose for the purposes of the investigation or where required to be statutorily disclosed.
  • Complaint by or against CORPORATE OMBUDSMAN will be investigated as directed by the Audit Committee.
  • If the Audit Committee determines that a violation has occurred, the Company will take appropriate action which may include disciplinary proceedings against the violator, including termination of employment.

ACCESS TO CHAIRMAN OF THE AUDIT COMMITTEE

The Whistle Blower shall have right to access Chairman of the Audit Committee directly in exceptional cases and the Chairman of the Audit Committee is authorized to prescribe suitable directions in this regard.

REVIEW

The Audit Committee has the right to amend or modify this Policy in whole or in part, at any time without assigning any reason, whatsoever.