Corporate Policy

“Director” means directors appointed on the Board of the Company as per the provisions of Companies Act, 2013 or any other previous Companies Act including the Rules thereto or any further amendments made thereto.

“Audit Committee” means a committee of the Board of Directors of the Company, established as per the provisions of Companies Act, 2013 or any other previous Companies Act including the Rules thereto or any further amendments made thereto.

“Disciplinary Action” means any action that can be taken in case of repeated frivolous complaints being filed by a director or an employee, which includes but not limited to warning, imposition of fines, suspension from officials duties, reprimand or any such action as is deemed to be fit as per company’s procedures considering the gravity of the matter.

“Employee” means every employee of the Company working in India or abroad.

“Investigation Committee” will be a Committee of Employees appointed either by Whistle Officer or by the Audit Committee for the purpose of conducting a detailed investigation, if required. This Committee, if required, will be formed on a case-to-case basis depending on the investigation. The Audit Committee shall have the authority to change the members of the Committee from time to time.

“Vigil Mechanism” – means a mechanism established by the Company for directors and employees to report genuine concerns to the company.

“Protected Disclosure” means a concern raised by a written communication made in Good Faith that discloses or demonstrates information that may evidence related to any unethical or improper activity, malpractice and any event of misconduct.

“Whistle Blower” is someone who makes a Protected Disclosure under this Policy.

“Whistle Officer” means an officer nominated/appointed by the Audit Committee.

“Good Faith” means that an employee has a reasonable basis for communication of unethical and improper practices or any other alleged wrongful conduct. Good Faith shall be deemed lacking when the employee does not have personal knowledge of a factual basis for the communication or where the employee knew or reasonably should have known that the communication about the unethical and improper practices or alleged wrongful conduct is malicious, false or frivolous.

This policy applies to all the Directors and Employees of KIMS ALSHIFA Management Limited including its all part-time and temporary employees.

• The Company is committed to developing a culture where it is safe for all employees/Directors to raise and report genuine concerns about any unacceptable practice, unethical behaviour, actual or suspected fraud, violation of code of conduct or policy and any event of misconduct.
• The Company encourages its employees who have genuine concern about suspected misconduct of which they are or become aware of, to an internal authority, to come forward and express these concerns without fear of punishment or unfair treatment.
• To minimize the Company’s exposure to the damage that can occur when the employees actually or potentially try to circumvent internal mechanisms in furthering the aforementioned concerns, violations and frauds.
• The mechanism provides for adequate safeguards against victimization of Directors and employees to avail mechanism and also provides for direct access to the Chairman of the Audit Committee in exceptional cases.
• The Vigil Mechanism Policy does not release employees from their duty of confidentiality in the course of their work nor can it be used as a route for raising malicious or unfounded allegations about a personal situation or with a mala-fide intention.

• Employees can make a Protected Disclosure to the Chairman of the Audit Committee, as soon as possible but not later than 30 consecutive days after becoming aware of the same.
• The Complaint should be forwarded with a letter (bearing the identity of the Complainant i.e. his/her full name, employee code number and location) and should be inserted in an envelope duly secured/sealed addressed to the Chairperson of Audit Committee with the words “Vigil Complaint” inscribed on the cover at” –

The Chairman
Audit Committee
KIMS ALSHIFA Management Limited
PB No. 01, Anayara PO,
Trivandrum – 695029
Kerala


• Concerns expressed anonymously will not be investigated.

• If initial inquiries by the Chairman indicate that the concern has no basis, or it is not a matter to be investigated under this Policy, it may be dismissed at this stage and the decision is documented.
• Where initial inquiries indicate that further investigation is necessary, this will be carried through either by the Chairman alone, or by a Whistle Officer/Investigation Committee. The investigation would be conducted in a fair manner, as a neutral fact-finding process and without a presumption of guilt. A written report of the findings would be made.
• Name of the Whistle Blower shall not be disclosed to the Whistle Officer/ Investigation Committee unless required for the purpose of investigation.

The Whistle Officer/Chairman/Investigation Committee, as the case may be, shall:

• Facts of the matter
• Reference, if available on whether the same Protected Disclosure was raised previously by anyone, and if so, the outcome thereof
• Reference, if available on whether any Protected Disclosure was raised previously against the same Subject
• The financial/otherwise loss that has been incurred/would have been incurred by the Company.
• Findings of Whistle Officer/ Investigation Committee
• Recommendations of the Whistle Officer/Investigation Committee on disciplinary/other action/(s).

The Whistle Officer/Investigation Committee shall finalize and submit the report to:

• The Audit Committee, in case investigation is done by the Whistle Officer (In case any member of the Audit Committee is having a conflict of interest in a given case, he should recuse himself and the others on the committee would deal with the matter on hand).
• The Whistle Officer, in case the investigation is done by the Investigation Committee

The Whistle Blower, the Whistle Officer, Investigation Committee, Audit Committee and everyone involved in the process shall:

• Maintain complete confidentiality/secrecy of the matter
• Not discuss the matter in any informal/social gatherings/meetings
• Discuss only to the extent or with the persons required for the purpose of completing the process and investigations
• Not keep the papers unattended anywhere at any time
• Keep the electronic mails/files under a password.

If anyone is found not complying with the above, he/she shall be held liable for such disciplinary action as is considered fit.

• Details of the establishment of this Policy shall be disclosed by the company on its website. Company shall also disclose the brief details about this Policy in its Board’s report.
• A quarterly report about the functioning of the Vigil Mechanism/Whistle Blower Policy shall be placed before the Audit Committee. A quarterly status report on the total number of complaints received if any during the period along with a summary of the findings of Whistle Officer / Audit Committee and corrective steps are taken if any should be sent to the Chairman of the Company who shall be responsible for the administration, interpretation, application and review of this policy.

The Audit Committee of the Company has the right to amend or modify this Policy in whole or in part, at any time without assigning any reason, whatsoever. Modifications, if any will be informed to the Board of Directors in its next meeting.