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Whistleblower Policy and Vigil Mechanism Consolidated Financial Statements

the Company has adopted a Whistleblower policy and Vigil the Consolidated Financial Statements of the Company and its
Mechanism to provide a formal mechanism to the directors, subsidiaries for FY 2019-20 are prepared in compliance with the
employees and its Stakeholders to report their concerns about applicable provisions of the act and as stipulated under regulation
unethical behaviour, actual or suspected fraud or violation of the 33 of the listing regulations as well as in accordance with the
Company’s Code of Conduct. protected disclosures can be made Indian accounting Standards notified under the Companies (Indian
by a whistleblower through several channels. the policy provides accounting Standards) rules, 2015. the audited Consolidated
for adequate safeguards against victimisation of employees Financial Statements together with the auditor’s report thereon
who avail of the mechanism and also provides for direct access forms part of this annual report.
to the Chairperson of the audit Committee. no personnel of the
Company has been denied access to the audit Committee. the pursuant to the provisions of Section 136 of the act, the Financial
Whistleblower policy also facilitates all employees of the Company Statements of the Company, Consolidated Financial Statements
to report any instance of leak of unpublished price Sensitive along with relevant documents and separate annual accounts in
Information. respect of subsidiaries are available on the website of the Company.

the policy is also posted on the website of the Company at: the annual accounts of the subsidiaries and related detailed
https://www.tatachemicals.com/Whistleblowerpolicy.htm. information will be made available to investors seeking information
till the date of the agM.
Prevention of Sexual Harassment (‘POSH’)
as per the requirement of the Sexual Harassment of Women Subsidiary Companies and Joint Ventures
at Workplace (prevention, prohibition & redressal) act, 2013 as on March 31, 2020, the Company had 35 (direct and indirect)
(‘poSH act’) and rules made thereunder, the Company has formed subsidiaries (4 in India and 31 overseas) and 5 joint ventures.
Internal Complaints Committee (‘ICC’) for its workplaces to address
complaints pertaining to sexual harassment in accordance with With a view to reduce the number of subsidiaries and rationalising
the poSH act. the Company has a policy for prevention of Sexual the tata Chemicals group structure, there were following changes
Harassment, which ensures a free and fair enquiry process with pertaining to subsidiaries during the year:
clear timelines for resolution.
• during the year, the Company through its wholly-owned
subsidiary, Valley Holdings Inc., acquired the remaining 25%
this year, one concern was reported which was investigated and
appropriate action was taken. partnership interest in tata Chemicals (Soda ash) partners
Holdings in the united States. With this acquisition, the
to build awareness in this area, the Company has been conducting Company has increased its ownership to 100% on december
awareness sessions during induction, periodically through 19, 2019.
classroom sessions and online modules. It includes regular • the nClt, Mumbai Bench, and nClt, Bengaluru Bench
employees, third-party employees, and contract workmen. vide their orders dated december 20, 2019 and november
a special awareness programme was organised for the 11, 2019 respectively, sanctioned the Scheme of Merger
recently re-constituted ICC members and poSH champions in by absorption of Metahelix with rallis and their respective
March 2020. shareholders. the certified copies of the orders were
Particulars of Loans, Guarantees and Investments filed with the jurisdictional registrar of Companies and
accordingly, Metahelix, a step-down subsidiary of the
the Company has not given any loans during the year under review. Company, has merged with rallis India limited and ceased
the Company has not made any investments during the year. to be a subsidiary of the Company effective February 1, 2020.
during the year, the Company has provided additional corporate
guarantee of uS$ 57.60 million to tata Chemicals Magadi limited, • the nClt Mumbai Bench, on april 23, 2020, sanctioned the
a wholly owned subsidiary of the Company. Scheme of Merger by absorption between the Company
and Bio energy Venture-1 (Mauritius) pvt. ltd. (‘Bio-1’), a
details of loans, guarantees and investments covered under the wholly owned subsidiary of the Company (‘Scheme’), with an
provisions of Section 186 of the act are given in the notes to the appointed date of april 1, 2019. the Scheme is subject to the
Financial Statements. approval of the regulatory authorities at Mauritius.

68 I Integrated annual report 2019-20