Page 141 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Corporate
Governance Report
Commodity price risk/foreign exchange risk and Credit Ratings obtained by the Company
hedging activities The details of Credit Ratings obtained by the Company have
Commodity price risk and hedging activities – The Company been disclosed in the Board’s Report which forms part of this
procures a variety of commodities related to raw materials Integrated Annual Report
and finished products for trading. The Company manages
the associated commodity price risks through commercial 14. Other Disclosures
negotiation with customers and suppliers. Related Party Transactions

Foreign Exchange risk and hedging activities – The Company All related party transactions that were entered into during
is exposed to foreign exchange risks on its imports of raw FY 2021-22 were on arm’s length basis, in the ordinary course
materials/trading goods/capital items purchases and of business and were in compliance with the applicable
payables denominated in foreign exchange. The Company provisions of the Act and the SEBI Listing Regulations. There
has a robust internal policy approved by its Audit Committee were no material significant related party transactions
to manage foreign exchange risks. The hedging activity is entered into by the Company with Promoters, Directors, KMPs
regularly carried out to mitigate the risks in line with the or other designated persons which may have a potential
approved policy. conflict with the interest of the Company at large. The
Manufacturing Plant Locations Company has revised the Related Party Transactions Policy in
accordance with the Act and SEBI Listing Regulations and the
Indian Locations: same is uploaded on the Company’s website at https://www.
Basic Chemistry Mithapur - 361 345, tatachemicals.com/RPTPolicy.htm.
Products Okhamandal, Gujarat
Prebiotics & Block 3 & 3A, APIIC Industrial Park, Statutory Compliance, Penalties and Strictures
formulations Phase II, Tada Mandal, Mambattu The Company has complied with the requirements of the
Nellore District - 524 401, Stock Exchanges, SEBI and Statutory Authority on all matters
Andhra Pradesh related to capital markets. During the last three years, no
Silica Plot No. 10, 13 and 14, penalties or strictures have been imposed on the Company
SIPCOT Industrial Complex, by these authorities. None of the Company’s listed securities
Phase II, Semmankuppam Village,
Cuddalore - 607 005, Tamil Nadu is suspended from trading.
Overseas Locations: Whistleblower Policy and Vigil Mechanism
USA - Soda Ash Tata Chemicals North America Inc.,
Green River Basin, Wyoming The Company has adopted a Whistleblower Policy and Vigil
UK - Soda Ash, (i) Lostock Mechanism to provide a formal mechanism to the Directors,
Sodium Bicarbonate (Tata Chemicals Europe Limited) employees and other external stakeholders to report their
and Salt (ii) Winnington concerns about unethical behaviour, actual or suspected
(Tata Chemicals Europe Limited) fraud or violation of the Company’s Code of Conduct. The
(iii) Middlewich Policy provides for adequate safeguards against victimisation
(British Salt Limited) of employees who avail of the mechanism. No personnel of
Kenya - Soda Ash Tata Chemicals Magadi Limited, the Company has been denied access to the Chairperson of
Magadi, Kenya the Audit Committee.

Address for Correspondence The Vigil Mechanism includes various policies viz.
Tata Chemicals Limited the Whistleblower Policy, the Gift and Hospitality Policy,
Bombay House, 24 Homi Mody Street, the Anti-Bribery & Anti-Corruption (‘ABAC’) Policy and
Fort, Mumbai - 400 001 the Anti-Money Laundering (‘AML’) Policy.
Tel. No.: +91 22 6665 8282 The Whistleblower Policy and Vigil Mechanism ensures that
Email: investors@tatachemicals.com strict confidentiality is maintained in such cases and no unfair
Website: www.tatachemicals.com treatment is meted out to a whistleblower. The Company, as
Or a Policy, condemns any kind of discrimination, harassment,
TSR Consultants Private Limited victimisation or any other unfair employment practice being
Units : Tata Chemicals Limited adopted against whistleblowers.
C-101, 1 Floor, 247 Park, Lal Bahadur Shastri Marg, With an aim to create awareness, during the year under review,
st
Vikhroli West, Mumbai – 400 083 the Company also undertook a series of communication
Tel.: +91 81081 18484, +91 22 6656 8484, Fax: + 91 22 6656 8494 and training programmes on the values, TCoC and other
Email: csg-unit@tcplindia.co.in Website: www.tcplindia.co.in ethical practices of the Company for internal stakeholders,

139