The purpose of Whistle Blower Policy is to allow the employees to raise concerns about unacceptable improper practices and/or any unethical practices being followed in the organization without necessarily informing their superiors.

This Policy is intended to check that whenever any unacceptable/improper practice and/or any unethical practice is reported by an employee proper action is taken to check such practice/wrongdoing and the employee is protected against any adverse action and/or any discrimination for such reporting.

All the employees shall be protected from any adverse action for reporting any unacceptable/improper practice and/or any unethical practice or frauds or violation of any law, rule or regulation so long as the employee:

  • Reports in good faith his/her belief that there is waste of the company’s funds;
  • Reports in good faith the violation or suspected violation of a law, rule or regulation;
  • Participates in or gives information in an investigation, hearing, court proceeding, legislative or other inquiry, or other administrative review;
  • Objects or refuses to carry out a directive that the employee believes in good faith may violate a law, rule or regulation.

The Company is forbidden from taking any adverse action against an employee for exercising the employee’s rights as listed above. Examples of adverse action are given below:

  • Discharging the employee ;
  • Threatening the employee ;
  • Discriminating against the employee’s employment.

Any employee who has a genuine complaint or concern about any fraud or violation of any law, rule or regulation or unacceptable/improper practice and/or any unethical practice may complain about this to his superior or to the designated person to attend to whistle-blowers as mentioned herein below, or to the Audit Committee or through Suggestion Box.

Mr. Pradeep Satardekar, has been appointed as the “Whistle Blowing Officer”, with effect from September 20, 2018, who can be contacted in writing at D2/16, Corlim Industrial Estate, corlim ilhas goa or on telephone at 2285349 or on email at Pradeep@mahavirplastics.com
He shall be responsible for the following functions:

  • To receive and record any complaints under this policy.
  • To ensure confidentiality of any “Whistle Blowing” complainant who requests that their complaint be treated in confidence.
  • To prepare a report of any whistle blowing complaint and send the report promptly to the Audit Committee Members. A copy of the report shall be simultaneously sent to the Managing Director and Executive Director for investigation. The Managing Director/Executive Director after investigation shall place a report to the Audit Committee for discussion and decision. The Audit Committee Members shall then discuss the same and take necessary action.
  • The Whistle Blowing Officer shall communicate the Audit Committee’s decision to the complainant for his information.

Apart from the employees, this Whistle Blower policy will be applicable to the Directors of the Company also.

Employees are free to communicate their complaints directly to the Audit Committee Members without involving the Whistle Blowing Officer. They can communicate their complaints to the following Audit Committee Members:

1. Mr. Prakash U. Kapadia
D2/16, Corlim ind. Estate,
Corlim ilhas Goa.

2. Mrs.Mamta P. Kapadia
D2/16, Corlim Ind, Estate,
Corlim – Ilhas Goa.