Page 139 - BCML AR 2019-20

BALRAMPUR CHINI MILLS LIMITED

2. Principle-wise (as per NVGs) BR Policy/policies:
(a) Details of compliance:
Sl. No. Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
1. Do you have a policy/ policies for.... Y Y Y Y Y Y Y Y Y
2. Has the policy being formulated in consultation with the Y Y Y Y Y Y Y Y Y
relevant stakeholders?
3. Does the policy conform to any national / international Yes, the Policy is based on the “National Voluntary Guidelines on
standards? If yes, specify? (50 words) Social, Environmental & Economic Responsibilities of Business”
released by the Ministry of Corporate Affairs, Government of
India. Apart from this, the policies are based on the generally
accepted practices for the respective principles.
4. Has the policy being approved by the Board? Yes, the Board of Directors of the Company has approved the
Policy at their meeting held on 15th November, 2016 and the
If yes, has it been signed by MD/ owner/ CEO/ appropriate
Board Director? same was revised in the meetings of the Executive Committee
of the Board and Board Meeting held on 29th November,
2018 and 10th February, 2020 respectively. The Policy has
been signed by the Company Secretary, pursuant to the
authorization by the Board.
5. Does the Company have a specified committee of the Board/ Y Y Y Y Y Y Y Y Y
Director/ Official to oversee the implementation of the policy?
6. Indicate the link for the policy to be viewed online? http://chini.com/wp-content/uploads/2020/04/BRR_
Policy_01_04_2020.pdf
7. Has the policy been formally communicated to all relevant The Policy has been posted on the Company’s website
internal and external stakeholders? for information of all stakeholders in addition to internal
stakeholders, other appropriate communication means like
Notice Boards, etc., are used.
8. Does the Company have in-house structure to implement the Y Y Y Y Y Y Y Y Y
policy/ policies
9. Does the Company have a grievance redressal mechanism Y Y Y Y Y Y Y Y Y
related to the policy/ policies to address stakeholders’
grievances related to the policy/ policies?
10. Has the Company carried out independent audit/ evaluation The implementation of the Business Responsibility Policy was
of the working of this policy by an internal or external agency? evaluated by the Internal Auditors of the Company, being an
independent audit firm, who reports issues, if any, to the Board
of Directors of the Company.

(b) If answer to the question at serial number 1 against any principle, is ‘No’, please explain why: (Tick up to 2 options)
Sl. No. Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
1. The Company has not understood the Principles
2. The Company is not at a stage where it finds itself in a position to formulate
and implement the policies on specified principles
3. The Company does not have financial or manpower resources available for
the task Not applicable
4. It is planned to be done within next 6 months
5. It is planned to be done within the next 1 year
6. Any other reason (please specify)

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