KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

POLICY ON EVALUATION OF PERFORMANCE OF DIRECTORS AND THE BOARD

1. INTRODUCTION

   
   

   Kisaan Parivar Industries Limited (“the Company”) has put in place, a Code of Conduct policy to be observed by its Board of Directors and Senior Management Personnel. In compliance with the Listing Agreement and also the Companies Act, 2013, this Performance Evaluation Policy is being framed by Nomination and Remuneration Committee (NRC).

2. OBJECTIVE

   
   

   This policy aim is to:

   1. Ensure compliance of the applicable provisions of the Companies Act, 2013 (the Act) and the Listing Regulations (as amended or re-enacted from time to time) relating to the evaluation of performance of the Directors and the Board.

   2. Adopt best practices to manage the affairs of the Company in seamless manner.

   3. Achieve good corporate governance as well as sustained long-term value creation for stakeholders.

      
      

3. EVALUATION

   
   

   1. The evaluation of the Board, its committees and individual directors shall be conducted as per SEBI (LODR) Regulations, 2015 and applicable provisions of the Companies Act, 2013 as amended from time to time. Evaluation performance shall be carried out at least once in a year.

      
      

   2. While evaluating the performance of Non-Executive Directors, the following parameters shall be considered:

      
      

      1. Attendance at meetings of the Board and Committees;

      2. Participation in Board Meetings or committee thereof;

      3. Contribution to strategic decision making;

      4. Review of financial statements, business performance;

      5. Contribution to the enhancement of the Board image of the Company.

         
         

   3. The Company shall provide suitable technical or business-related training to the Non-executive Directors including independent directors. Any other training shall be provided based on the necessity.

The evaluation of the Directors and the Board shall be carried out based on the questionnaire and feedback form which forms part as annexure to the policy.

Annexure to the policy of performance evaluation: INDEPENDENT DIRECTOR EVALUATION FORM

Name of the Director:

Category: Independent

Please do the rating if the Concerned Director is an “Independent Director”

Name of the Director: Category: Independent
EVALUATION FACTOR	RATINGS	COMMENTS
1. Director up holds ethical standards of integrity and probity.
2. Director exercises objective independent judgment in the best interest of the Company.
3. Director effectively assists the Company in implementing best corporate governance practices and monitors the same.
4. Director helps in bringing independent judgment during board deliberations on strategy, performance, risk management etc.
5. Director keeps himself /herself well informed about the Company and external environment in which it operates.
6. Director acts within his /her authority and assists in protecting the legitimate interest of the Company, shareholders and employees.
7. Director maintains high level of confidentiality
8. Director adheres to the applicable code of conduct for independent directors

Overall rating of the Director’s performance	Outstanding	Exceeds Expectation	Meets Expectation	Needs Improvement	Poor

Name of the Director: Signature:

Date:

EVALUATION OF BOARD COMMITTEES

Criteria		Committees		How the Board can do it better or differently
	Audit	Nominati on and Remuner ation	Stakeholders Relationship
Function and Duties
The Committees of the Board are appropriately constituted
The terms of reference for the committees are appropriate with clearly defined roles and responsibilities
Observing Committees terms of reference
The composition of the committees is in compliance with the legal requirement
The amount of responsibility delegated by the Board to each of the committees is appropriate
The reporting by each of the Committees to the Board is sufficient
The performance of each of the Committees is assessed annually against the set goals of the committee
Whether the terms of reference are adequate to serve committee’s purpose
The Committee regularly reviews its mandate and performance
Committee takes effective and proactive measures to perform its functions
Management Relations
Adequate independence of the Committee is ensured from the Board
Committee gives effective suggestions and recommendations

Committee meetings are conducted in a manner that encourages open communication and meaningful participation of its members.
Committee Meetings and procedures
Committee meetings have been organized properly and appropriate procedures were followed in this regard.
The frequency of the Committee meetings is adequate
Committee makes periodical reporting to the Board along with its suggestions and recommendations

Overall rating of the Committees’ performance	Outstanding	Exceeds Expectation	Meets Expectation	Needs Improvement	Poor
Audit Committee
Nomination and Remuneration Committee
Stakeholders Relationship Committee

Name of the Director: Signature:

Date:

KISAAN PARIVAR INDUSTRIES Limited

EVALUATION OF NON-INDEPENDENT DIRECTOR OF THE COMPANY

Rankings go from Low to High

	LOW				HIGH
	1	2	3	4	5
Leadership expertise affecting the Company’s prosperity and operations
Strategy Formulation capability for analyzing problems and issues confronting the Company
Strategy execution established an effective organization structure, ensuring that there is management focus on key functions necessary for the organization to align with its mission
Financial planning / performance possessed a good understanding of the company’s financial measures relevant to its business and financial situation. exercised good judgment in managing the financial affairs of the organization.
Relationships with the Board demonstrated a sound knowledge of Board governance procedures and has consistently followed them.
External Relations encouraged corporate social responsibility and community involvement in promoting a positive image of Company
Human Resources Management/Relations effectively ensures procedures and practices pertaining to human resources, including appraisal process and rewarding systems for management and employees.
8. Ethics and Corporate Governance

Name of the Director: Signature:

Date:

EVALUATION OF BOARD OF DIRECTORS

Rankings go from Low to High

	LOW				HIGH
	1	2	3	4	5
A. Board Composition& Quality
The Board has appropriate expertise and experience to meet the best interests of the company All the independent directors are independent in true letter and spirit
Board Development The Board helps company in developing a strategic plan / policy
C. Board and Management Relations
The Board has approved comprehensive policies and procedures for smooth conduct of all material activities by Company
D. Board Meetings and Procedures
Adequacy of attendance and participation by the board members at the board meetings Frequency of Board Meetings is adequate and receiving notice and agenda in advance
E. Board Strategy and Risk Management
The time spent on issues relating to the strategic direction.
F. Overall Effectiveness
G. Assess the quality, quantity and timeliness of information between the company management and the Board.

(Director)

CHAIRMAN’S ASSESSMENT

Name of the Chairman:

Evaluation Factor	Comments
Managing Relationships
The Chairperson actively manages shareholder, board, management and employee relationships and interests.
The Chairperson meets with potential providers of equity, if required.
The Chairperson manages meetings effectively and promotes a sense of participation in all the Board meetings.
Leadership
The Chairperson is an effective leader.
The Chairperson promotes effective participation of all Board members in the decision-making process.
The Chairperson promotes the positive image of the Company.
The Chairperson promotes continuing training and development of directors.

Name of the Director: Signature:

Date:

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

RISK MANAGEMENT POLICY

 

Background and Context Applicability:

Business constantly involves taking calculated risks with a view to maximize shareholder wealth while being a good/ responsible corporate citizen for the society and environment alike. The Board of Directors and the management, in their fiduciary capacity, are expected to ensure that uncertainties impacting the Company’s strategies, objectives and goals are identified and adequate proactive steps taken to ensure sustainable growth.

Recent changes in regulations have attempted to formalize this role of the management and Board of Directors and prescribed the role of the Boards, the structure and composition of the apex body in the Company to address risks followed with necessary disclosure requirements.

Key Compliance Requirements and Legal Framework:

 

Risk Management is a key aspect of Corporate Governance Principles and Code of Conduct which aims to improvise the governance practices across the business activities of any organization. The new Companies Act, 2013 and SEBI (LODR) Regulations, 2015, have also incorporated various provisions in relation to Risk Management policy, procedure and practices.

The provisions of Section 134(3)(n) of the Companies Act, 2013 necessitate that the Board’s Report should contain a statement indicating development and implementation of a risk management policy for the Company including identification therein of elements of risk, if any, which in the opinion of the Board may threaten the existence of the Company. Further, the provisions of Section 177(4)(vii) of the Companies Act, 2013 require that every Audit Committee shall act in accordance with the terms of reference specified in writing by the Board which shall inter alia include evaluation of risk management systems. In line with the above requirements, it is therefore, required for the Company to frame and adopt a “Risk Management Policy” (this Policy) of the Company.

Key Definitions:

“Risk” is the effect of uncertainty on objectives and Risk Management is the coordinated activities to direct and control an organization with regard to risk.

The Company recognizes that risk is an integral and inevitable part of business and is fully committed to managing the risks in a proactive and efficient manner. The Company has a disciplined process for continuously assessing risks, in the internal and external environment, along with the cost of minimizing the impact of risks and incorporates risk mitigation plans in its strategy and business/ operational plans.

The Company, through its risk management process, strives to contain and minimize the negative effect of an uncertainty within the risk appetite as agreed from time to time with the Board of Directors and strives to capitalize on the positive effect of any uncertainty. The Company realizes that some variables in the external environment may not be fully controllable.

The Company treats risks by either eliminating/ reducing the likelihood and/ or impact of its occurrence, transfer/ share the risks if possible or avoid the risks. In doing so the Company consciously balances the cost and benefits of the risk treatment options and also the business opportunity in taking a particular risk.

 

· Risk Assessment –

The systematic process of identifying and analysing risks. Risk Assessment consists of a detailed study of threats and vulnerability and resultant exposure to various risks.

 

· Risk Management –

The systematic way of protecting business resources and income against lossesso that the objectives of the Company can be achieved without unnecessary interruption.

 

· Risk Management Process -

The systematic application of management policies, procedures and practices to the tasks of establishing the context, identifying, analyzing, evaluating, treating, monitoring and communicating risk.

Purpose and Scope of the Policy:

 

The main objective of this Policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the Company’s business. In order to achieve the key objective, this Policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on risk related issues.

 

The specific objectives of this Policy are:

• To ensure that all the current and future material risk exposures of the Company are identified, assessed, quantified, appropriately mitigated, minimized and managed i.e. to ensure adequate systems for risk management.
• To establish a framework for the company’s risk management process and to ensure its
• To enable compliance with appropriate regulations, wherever applicable, through the adoption of best practices.
• Toassure business growth with financial 

Risk Management and key Activities:

Risk management, by and large involves reviewing the operations of the organization followed by identifying potential threats to the organization including cyber security and the likelihood of their occurrence, and then taking appropriate actions to address the most likely threats.

The basic activities in any risk management system are.

• Risk Identification
• Risk Assessment
• Risk Control

Each of the risk needs to be assessed by the enterprise for its impact on profit and cash flow. Likelihood of occurrence and scope for mitigation or reduction including those relating to cyber security.

 

The risks, which the Company may be exposed to, are classified broadly in the following categories:

 

a) Business Risk

Business risk is impacted by several factors such as demand sales volume, per-unit price, input costs, competition, overall economic climate and government regulations. The risk exists when the company has lower than anticipated profits, or experiences a loss rather than a profit.

 

b) Financial Risk

The risk that exists when the Company’s cash flows are not enough to pay creditors and fulfill other financial responsibilities. The more debt a Company owes, the more likely it is to default on its financial obligations. Taking on higher levels of debt or financial liability therefore increases a Company’s level of financial risk.

 

c) Foreign exchange risk

The risk that exists when a financial transaction is denominated in a currency that is different from the base currency of the Company. There may be an adverse movement in the exchange rate of the denomination currency in relation to the base currency before the date of completion of the transaction.

 

d) Contractual risk

The risk assessment to be carried out before the Company enters into contract and stipulate such terms in the agreement that will ensure that the contracting party has adequately protected the Company against the threat of financial loss. Its application can reduce the potential risk and financial consequences arising from the negligent acts of others while commercial activity is carried out for the contracting party.

 

e) Asset Protection Strategy

It is a strategy used for protecting assets of the Company from civil money judgments, natural calamities and strife and other causes of unrest.

 

Composition of Risk Management Committee shall be as mentioned below, wherever it is applicable and otherwise the Risk Management shall be directly dealt with by the Board.

 

1. Risk Management Committee will be of All Working Directors, One Member from Technical Experts, one Member from Finance and Company Secretary who will be convener of the meeting.

 

2. TheChairman of the Committee will be elected from the 

 

3. TheRisk Management Committee will meet at least Once in a 

 

4. The Risk Management Policies are based on philosophy of achieving substantial growth while mitigating and managing risks involved.

Scope of Risk Management Committee: The Risk Management Committee formed by the Board of Directors, is bound by the charter drawn up by the Board of Directors of the Company which lays down the rights, duties and responsibilities of the Risk Management Committee. The Risk Management Committee is inter alia responsible for oversight of the overall risk management process of the Company and to ensure that key strategic and business risk are identified and addressed by the management. Specifically, RMC is concerned with the identification of internal and external risks faced by the Company, including financial, operational, sectoral, sustainability (particularly, ESG related risks), information, cyber security risks, business continuity or any other risk, as may be identified from time to time and ensure that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company.

 

Compliance and Control:

 

All the Senior Executives under the guidance of the Chairman and Board of Directors has the responsibility for over viewing management’s processes and results in identifying, assessing and monitoring risk associated with Organization’s business operations and the implementation and maintenance of policies and control procedures to give adequate protection against key risk. In doing so, the Senior Executive considers and assesses the appropriateness and effectiveness of management information and other systems of internal control, encompassing review of any external agency in this regards and action taken or proposed resulting from those reports.

Review:

This Policy shall be reviewed at least every year to ensure it meets the requirements of legislation and the needs of organization.

Amendment:

This Policy can be modified at any time by the Board of Directors of the Company.

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

POLICY ON MATERIALITY OF RELATED PARTY TRANSACTIONS AND ON DEALING WITH RELATED PARTY TRANSACTIONS

 

1. Preamble:

The Board of Directors (the “Board”) of KISAAN PARIVAR INDUSTRIES LIMITED (Formerly Known as Richirich Inventures Limited) (the “Company”), has adopted the following policy and procedures with regard to Related Party Transactions as defined below. The Audit Committee will review and may amend this policy from time to time. This policy will be applicable to the Company. This policy is to regulate transactions between the Company and its Related Parties based on the applicable laws and regulations applicable on the Company.

2. Purpose:

This policy is framed as per requirement prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). The Company is governed, amongst others, by rules and regulations framed by Securities Exchange Board of India (“SEBI”). SEBI vide (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), as amended from time to time has mandated every listed company to formulate a policy on materiality of Related Party Transactions and also on dealing with Related Party Transactions. This policy is intended to ensure the proper approval and reporting of Related Party transactions between the Company and its Related Parties. Such transactions are appropriate only if they are in the best interest of the Company and its shareholders. The Company is required to disclose each year in the Financial Statements certain transactions between the Company and Related Parties as well as policies concerning transactions with Related Parties.

3. Definitions:

“Audit Committee or Committee” means Committee of Board of Directors of the Company constituted under provisions of Listing Regulations and Companies Act, 2013.

“Board” means Board of Directors of the Company.

“Control” shall have the same meaning as defined in SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

“Key Managerial Personnel” mean key managerial personnel as defined under the Companies Act, 2013 and includes:

• ManagingDirector, or Chief Executive Officer or manager and in their absence, a whole- time director;
• CompanySecretary; and
• ChiefFinancial Officer

 

“Material Related Party Transaction” A transaction with a related party shall be considered material if the transaction(s) to be entered into individually or taken together with previous transactions during a financial year, exceeds rupees one thousand crore or ten percent of the annual consolidated turnover of the listed entity as per the last audited financial statements of the listed entity whichever is lower.

A transaction involving payments made to a related party with respect to brand usage or royalty shall be considered material if the transactions to be entered into individually or taken together with previous transactions during a financial year, exceed 5% of the annual consolidated turnover of the listed entity as per the last audited financial statements of the company.

 

“Policy” means Related Party Transaction Policy.

"Related party” means a related party as defined under sub section (76) of Section 2 of the Companies Act, 2013 and regulation 2 of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2015 amended from time to time.

"Related party transaction” means a related party transaction as defined under regulation 2 of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2015 amended from time to time.

4. Review and approval of Related Party Transaction Review

Related Party Transactions will be referred to the next regularly scheduled meeting of Audit Committee for review and approval. Any member of the Committee who has a potential interest in any Related Party Transaction will recuse himself or herself and abstain from discussion and voting on the approval of the Related Party Transaction.

To review a Related Party Transaction, the Committee will be provided with all relevant material information of the Related Party Transaction, including the terms of the transaction, the business purpose of the transaction, the benefits to the Company and to the Related Party, and any other relevant matters. In determining whether to approve a Related Party Transaction, the Committee will consider the following factors, among others, to the extent relevant to the Related Party Transaction:

-Whether the terms of the Related Party Transaction are fair and on arm’s length basis to the CompanyandwouldapplyonthesamebasisifthetransactiondidnotinvolveaRelatedParty;

-Whether there are any compelling business reasons for the Company to enter into the Related Party Transaction and the nature of alternative transactions, if any;

-Whether the Related Party Transaction would affect the independence of an independent director;

-Whether the proposed transaction includes any potential reputational risk issues that may arise as a result of or in connection with the proposed transaction;

-Whether the Company was notified about the Related Party Transaction before its commencement and if not, why pre-approval was not sought and whether subsequent

 

ratification is allowed and would be detrimental to the Company; and

 

 

 

 

-Whether the Related Party Transaction would present an improper conflict of interest for any director or Key Managerial Personnel of the Company, taking into account the size of the transaction, the overall financial position of the director, Executive Officer or other Related Party, the direct or indirect nature of the director’s, Key Managerial Personnel’s or other Related Party’s interest in the transaction and the ongoing nature of any proposed relationship and any other factors the Board/Committee deems relevant.

Approval of Related Party Transactions

1. Audit Committee
   1. All the transactions which are identified as Related Party Transactions and subsequentmodifications should be pre- approved by the Audit Committee before entering into such  The Audit Committee shall consider all relevant factors while deliberating the Related Party Transactions for its approval.
   2. Any member of the Audit Committee who has a potential interest in any Related PartyTransaction will recuse himself and abstain from discussion and voting on the approval of the Related Party 

A Related Party Transaction which is (i) not in the ordinary course of business, or (ii) not at arm’s length price, would require approval of the Board.

3. The Audit Committee may grant omnibus approval for Related Party Transactions whichare repetitive in nature and subject to such criteria/conditions as mentioned under Regulation 23(3) of the Listing Regulations and such other conditions as it may consider necessary in line with this Policy and in the interest of the  Such omnibus approval shall be valid for a period not exceeding one year and shall require fresh approval after the expiry of one year.
4. The Audit Committee shall review, at least on a quarterly basis, the details of Related PartyTransactions entered into by the Company pursuant to the omnibus approval. In connection with any review of a Related Party Transaction, the Committee has authority to modify or waive any procedural requirements of this 
5. A Related Party Transaction entered into by the Company, which is not under the omnibusapproval or otherwise pre-approved by the Audit Committee, will be placed before the Audit Committee for 
6. Notwithstanding the foregoing, the following Related Party Transactions shall not requireprior approval of Audit Committee or Shareholders:

 

1. Transactions entered into between the Company and its wholly owned subsidiary whoseaccounts are consolidated with the Company and placed before the shareholders at the general meeting for 
2. Anytransaction that involves the providing of compensation to a director or Key Managerial Personnel in connection with his or her duties to the Company or any of its subsidiaries or associates, including the reimbursement of reasonable business and travel

 

expenses incurred in the ordinary course of business.

 

 

 

 

• Any transaction in which the Related Party’s interestarises solely from ownership of securities issued by the Company and all holders of such securities receive the same benefits pro rata as the Related 

1. Anytransaction entered into between two wholly-owned subsidiaries of the company, whose accounts are consolidated with the company and placed before the shareholders at the general meeting for 

 

 

B. Board of Directors

1. In case any Related Party Transactions are referred by the Company to the Board for itsapproval due to the transaction being (i) not in the ordinary course of business, or (ii) not at an arm’s length price, the Board will consider such factors as, nature of the transaction, material terms, the manner of determining the pricing and the business rationale for entering into such  On such consideration, the Board may approve the transaction or may require such modifications to transaction terms as it deems appropriate under the circumstances. Any member of the Board who has any interest in any Related Party Transaction will recuse himself and abstain from discussion and voting on the approval of the Related Party Transaction.

C. Shareholders

1. If a Related Party Transaction is (i) a material transaction as per Regulation 23 of theListing Regulations, or (ii) not in the ordinary course of business, or not at arm’s length price and exceeds certain thresholds prescribed under the Companies Act, 2013, it shall require shareholders’ approval by a special resolution. In such a case, any member of the Company who is a Related Party, shall not vote on resolution passed for approving such Related Party 

D. Reporting of Related Party Transactions

1. Every contract orarrangement, which is required to be approved by the Board or the shareholders under this Policy, shall be referred to in the Board’s report to the shareholders along with the justification for entering into such contract or 
2. The details of all material transactions with related parties shall be disclosed on a quarterlybasis along with the compliance report on corporate governance filed with the stock exchanges under Listing 

5. Review and approval of Material Related Party Transaction:

 

Material Transaction(s) with Related Party(s) shall require prior approval of the Audit Committee, Board and the shareholders of the Company.

 

In compliance with SEBI LODR, All material related party transactions and subsequent material modifications as defined by the audit committee shall require prior approval of the shareholders through resolution and no related party shall vote to approve such resolutions whether the entity is a related party to the particular transaction or not:

Provided that prior approval of the shareholders of a listed entity shall not be required for a related party transaction to which the listed subsidiary is a party but the listed entity is not a party, if regulation 23 and sub-regulation (2) of regulation 15 of SEBI LODR regulations are applicable to such listed subsidiary.

 

Explanation: For related party transactions of unlisted subsidiaries of a listed subsidiary as referred above, the prior approval of the shareholders of the listed subsidiary shall suffice.

 

Approval of the shareholders shall not be required for any Transactions (a) transactions entered into between:

• twogovernment companies;
• transactions entered into between a holding company and its wholly owned subsidiarywhose accounts are consolidated with such holding company and placed before the shareholders at the general meeting for 
• transactions enteredinto between two wholly-owned subsidiaries of the listed holding company, whose accounts are consolidated with such holding company and placed before the shareholders at the general meeting for approval

 

6. Identification of Potential Related Party Transactions:

Each director and Key Managerial Personnel is responsible for providing notice to the Board or Audit Committee of any potential Related Party Transaction involving him or her or his or her Relative, including any additional information about the transaction that the Board/Audit Committee may reasonably request. Board/Audit Committee will determine whether the transaction does, in fact, constitute a Related Party Transaction requiring compliance with this policy.

The Company strongly prefers to receive such notice of any potential Related Party Transaction well in advance so that the Audit Committee/Board has adequate time to obtain and review information about the proposed transaction.

 

7. Subsequent material modifications:

 

Material modification will mean and include any modification to an existing related party transaction having variance of 20% of the existing limit as sanctioned by the Audit Committee / Board / Shareholders, as the case may be.

 

8. Related Party Transactions not approved under this Policy:

In the event the Company becomes aware of a Related Party Transaction with a Related Party that has not been approved under this Policy prior to its consummation, the matter shall be

 

reviewed by the Committee. The Committee shall consider all of the relevant facts and circumstances regarding the Related Party Transaction, and shall evaluate all options available to the Company, including ratification, revision or termination of the Related Party Transaction. The Committee shall also examine the facts and circumstances pertaining to the failure of reporting such Related Party Transaction to the Committee under this Policy, and shall take any such action it deems appropriate.

In any case, where the Committee determines not to ratify a Related Party Transaction that has been commenced without approval, the Committee, as appropriate, may direct additional actions including, but not limited to, immediate discontinuation or rescission of the transaction. In connection with any review of a Related Party Transaction, the Committee has authority to modify or waive any procedural requirements of this Policy. This Policy will be communicated to all operational employees and other concerned persons of the Company.

9. Limitation and Amendment

In the event of any conflict between the provisions of this Policy and of the Act or Listing Regulations or any other statutory enactments, rules, the provisions of such Act or Listing Regulations or statutory enactments, rules shall prevail over this Policy. Any subsequent amendment / modification in the Listing Regulations, Act and/or applicable laws in this regard shall automatically apply to this Policy.

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

 

VIGIL MECHANISM/ WHISTLE BLOWER POLICY

 

1. PREAMBLE

 

• Section 177(9) of the Companies Act, 2013 requires every listed company and such class orclasses of companies, as may be prescribed to establish a vigil mechanism for the directors and employees to report genuine concerns in such manner as may be  Such a vigil mechanism shall provide for adequate safeguards against victimization of persons who use such mechanism and also make provision for direct access to the chairperson of the Audit Committee in appropriate or exceptional cases.

 

• Also, as per Regulation 22 of SEBI (LODR) Regulations, 2015, the listed entity shallformulate a vigil mechanism for directors and employees to report genuine concerns. The vigil mechanism shall provide for adequate safeguards against victimization of director(s) or employee(s) or any other person who avail the mechanism and also provide for direct access to the chairperson of the audit committee in appropriate or exceptional 

 

• KISAANPARIVAR INDUSTRIES LIMITED, being a Listed Company proposes to establish a Whistle Blower Policy/ Vigil Mechanism and to formulate a policy for the 

 

2. OBJECTIVES OF THE POLICY

 

• The Company is committed to adhere to the highest standards of ethical, moral and legalconduct of business  To maintain these standards, the Company encourages its employees who have concerns about suspected misconduct to come forward and express these concerns without fear of punishment or unfair treatment. A Vigil (Whistle Blower) mechanism provides a channel to the employees and Directors to report to the management concerns about unethical behavior, actual or suspected fraud or violation of the Codes of conduct or policy. The mechanism provides for adequate safeguards against victimization of employees and Directors to avail of the mechanism and also provide for direct access to the Chairman/ CEO/ Chairman of the Audit Committee in exceptional cases.

 

• This neither releases employeesfrom their duty of confidentiality in the course of their work nor can it be used as a route for raising malicious or unfounded allegations against people in authority and / or colleagues in 

 

3. SCOPE OF THEPOLICY

 

• This Policy coversmalpractices and events which have taken place / suspected to have taken place, misuse or abuse of authority, fraud or suspected fraud, violation of company rules, manipulations, negligence causing danger to public health and safety, child labour, insider trading, misappropriation of monies, and other matters or activity on account of which the interest of the Company is affected and formally reported by whistle blowers concerning its 

 

 

4. DEFINITIONS

 

• “Alleged wrongful conduct” shall mean violation of law, Infringement of Company’srules, misappropriation of monies, actual or suspected fraud, substantial and specific danger to public health and safety or abuse of authority”

 

• “AuditCommittee” means a committee constituted by the Board of Directors of the Company in accordance with Companies Act, 

 

• “Board”means the Board of Directors of the 

 

• “Company”means KISAAN PARIVAR INDUSTRIES LIMITED and all its 

 

• “Code” means Code of Conductfor Directors and Senior Management Executives adopted by KISAAN PARIVAR INDUSTRIES 

 

• “Employee” means all the present employees and whole time Directors of the Company(Whether working in India or abroad).

 

• “Protected Disclosure” means a concern rose by an employee or group of employees of theCompany, through a written communication and made in good faith which discloses or demonstrates information about an unethical or improper activity under the title “SCOPE OF THE POLICY” with respect to the  It should be factual and not speculative or in the nature of an interpretation / conclusion and should contain as much specific information as possible to allow for proper assessment of the nature and extent of the concern.

 

• “Subject” means a person or group of persons against or in relation to whom a ProtectedDisclosure is made or evidence gathered during the course of an investigation.

 

• “Vigilance and Ethics Officer” means an officer including compliance officer appointed toreceive protected disclosures from whistle blowers, maintaining records thereof, placing the same before the Audit Committee for its disposal and informing the Whistle Blower the result 

 

• “Whistle Blower” is an employee or group of employees who make a Protected Disclosureunder this Policy and also referred in this policy as 

 

5. ELIGIBILITY

 

All Employees of the Company are eligible to make Protected Disclosures under the Policy in relation to matters concerning the Company.

 

 

6. GUIDELINES

 

1. Protectionunder Policy

 

The vigil mechanism shall provide for adequate safeguards against victimization of employees and directors or such whistle blower who avail of the vigil mechanism and report their genuine concerns or grievances.

 

b. Disclosure & Maintenance of Confidentiality

 

Employees and directors shall report to through e-mail addressed to csrichirich@gmail.com Confidentiality shall be maintained to the greatest extent possible.

 

c. Frivolous complaints

 

In case of repeated frivolous/ mala fide complaints being filed by a director or an employee, the audit committee may take suitable action against the concerned director or employee including reprimand.

 

7. RECEIPT AND DISPOSAL OF PROTECTEDDISCLOSURES.

 

• All Protected Disclosures should be reported in writing by the complainant as soon aspossible after the Whistle Blower becomes aware of the same so as to ensure a clear understanding of the issues raised and should either be typed or written in a legible handwriting in 

 

• The Protected Disclosure should be submitted in a closed and secured envelope and shouldbe super scribed as “Protected disclosure under the Whistle Blower policy”. Alternatively, the same can also be sent through email with the subject “Protected disclosure under the Whistle Blower policy”. If the complaint is not super scribed and closed as mentioned above, it will not be possible for the Audit Committee to protect the complainant and the protected disclosure will be dealt with as if a normal disclosure. In order to protect identity of the complainant, the Vigilance and Ethics Officer or such other designated officer will not issue any acknowledgement to the complainants and they are advised neither to write their name / address on the envelope nor enter into any further correspondence with the Vigilance and Ethics Officer. The Vigilance and Ethics Officer shall assure that in case any further clarification is required he will get in touch with the 

 

• Anonymous / Pseudonymous disclosure shall not be entertained by the Vigilance and Ethics

 

• TheProtected Disclosure should be forwarded under a covering letter signed by the  The Vigilance and Ethics Officer / Chairman of the Audit Committee/ MD/ Chairman as the case may be, shall detach the covering letter bearing the identity of the Whistle Blower and process only the Protected Disclosure.

 

• All Protected Disclosures should be addressed to the Vigilance and Ethics Officer of theCompany or to the Chairman of the Audit Committee/ MD/ Chairman in exceptional cases. The contact details of the Vigilance and Ethics Officer is as under: -

 

Vigilance and Ethics Officer/ Compliance officer:

 

Address: Flat No. 103, H. No 1-2- 412/19,Gharonda Sesha Mandir, Gagan Mahal Colony, Domalguda, Hyderabad, Telangana – 500029

 

• Protected Disclosure against the Vigilance and Ethics Officer should be addressed to theChairman/MD of the Company and the Protected Disclosure against the Chairman/ MD of the Company should be addressed to the Chairman of the Audit Committee. The contact details of the Chairman and the Chairman of the Audit Committee are asunder:

 

Chairman-

Address: Flat No. 103, H. No 1-2-412/19, Gharonda Sesha Mandir,

Gagan Mahal Colony, Domalguda, Hyderabad, Telangana – 500029

 

 

Chairman of the Audit Committee Address: Flat No. 103, H. No 1-2-412/19, Gharonda Sesha Mandir,

Gagan Mahal Colony, Domalguda, Hyderabad, Telangana – 500029

 

• On receipt of the protected disclosure, the Vigilance and Ethics Officer / Chairman/ MD /Chairman of the Audit Committee, as the case may be, shall make a record of the Protected Disclosure and also ascertain from the complainant whether he was the person who made the protected disclosure or not. He shall also carry out initial investigation either himself or by involving any other Officer of the Company or an outside agency before referring the matter to the Audit Committee of the Company for further appropriate investigation and needful 

 

The record will include:

 

1. Brieffacts;
2. Whetherthe same Protected Disclosure was raised previously by anyone, and if so, the outcome thereof;
3. Whetherthe same Protected Disclosure was raised previously on the same subject;
4. Detailsof actions taken by Vigilance and Ethics Officer / Chairman/ CEO for processing the complaint
5. Findingsof the Audit Committee
6. Therecommendations of the Audit Committee/ other action(s).

 

7.8 The Audit Committee, if deems fit, may call for further information or particulars from the complainant.

 

8. INVESTIGATION

 

• All protected disclosuresunder this policy will be recorded and thoroughly investigated. The Audit Committee may investigate and may at its discretion consider involving any other Officer of the Company and/ or an outside agency for the purpose of 

 

• The decision to conduct an investigation is by itself not an accusation and is to be treated asa neutral fact-finding 

 

• Subject(s) will normally be informed in writing of the allegations at the outset of a formalinvestigation and have opportunities for providing their inputs during the 

 

• Subject(s) shall have a duty to co-operate with the Audit Committee or any of the Officersappointed by it in this regard.

 

• Subject(s) have a right to consult with a person or persons of their choice, other than theVigilance and Ethics Officer / Investigators and/or members of the Audit Committee and/or the Whistle Blower.

 

• Subject(s) have a responsibility not to interfere with the investigation. Evidence shall not bewithheld, destroyed or tampered with and witness shall not be influenced, coached, threatened or intimidated by the subject(s).

 

• Unless there are compelling reasons not to do so, subject(s) will be given the opportunity torespond to material findings contained in the investigation report. No allegation of wrong doing against a subject(s) shall be considered as maintainable unless there is good evidence in support of the allegation.

 

• Subject(s)have a right to be informed of the outcome of the investigations. If allegations are not sustained, the Subject should be consulted as to whether public disclosure of the investigation results would be in the best interest of the Subject and the Company.

 

• The investigation shall be completed normally within 90 days of the receipt of the protecteddisclosure and is extendable by such period as the Audit Committee deems 

 

9. DECISION ANDREPORTING

 

• Ifan investigation leads the Vigilance and Ethics Officer / Chairman of the Audit Committee to conclude that an improper or unethical act has been committed, the Vigilance and Ethics Officer / Chairman of the Audit Committee shall recommend to the management of the Company to take such disciplinary or corrective action as he may deem fit. It is clarified that any disciplinary or corrective action initiated against the Subject as a result of the findings of an investigation pursuant to this Policy shall adhere to the applicable personnel or staff conduct and disciplinary 

 

• TheVigilance and Ethics Officer shall submit a report to the Chairman of the Audit Committee on a regular basis about all Protected Disclosures referred to him/her since the last report together with the results of investigations, if 

 

• In case the Subjectis the Chairman/MD of the Company, the Chairman of the Audit Committee after examining the Protected Disclosure shall forward the protected disclosure to other members of the Audit Committee if deemed fit. The Audit Committee shall appropriately and expeditiously investigate the Protected 

 

• If the report of investigation is not to the satisfaction of the complainant, the complainanthas the right to report the event to the appropriate legal or investigating 

 

• A complainant who makes false allegations of unethical & improper practices or aboutalleged wrongful conduct of the subject to the Vigilance and Ethics Officer or the Audit Committee shall be subject to appropriate disciplinary action in accordance with the rules, procedures and policies of the Company.

 

10. SECRECY /CONFIDENTIALITY

 

• The complainant, Vigilance and Ethics Officer, Members of Audit Committee, the Subjectand everybody involved in the process shall:

 

• Maintainconfidentiality of all matters under this Policy

 

• Discussonly to the extent or with those persons as required under this policy for completing the process of 

 

• Not keepthe papers unattended anywhere at any time

 

• Keepthe electronic mails / files under 

11. PROTECTION

 

• No unfair treatment will be meted out to a Whistle Blower by virtue of his/ her havingreported a Protected Disclosure under this policy. The company, as a policy, condemns any kind of discrimination, harassment, victimization or any other unfair employment practice being adopted against Whistle  Complete protection will, therefore, be given to Whistle Blowers against any unfair practice like retaliation, threat or intimidation of termination / suspension of service, disciplinary action, transfer, demotion, refusal of promotion or the like including any direct or indirect use of authority to obstruct the Whistle Blower’s right to continue to perform his duties /functions including making further Protected Disclosure. The company will take steps to minimize difficulties, which the Whistle Blower may experience as a result of making the Protected Disclosure. Thus, if the Whistle Blower is required to give evidence in criminal or disciplinary proceedings, the Company will arrange for the Whistle Blower to receive advice about the procedure, etc.

 

• A Whistle Blowermay report any violation of the above clause to the Chairman of the Audit Committee, who shall investigate into the same and recommend suitable action to the 

 

• The identity of the Whistle Blower shall be kept confidential to the extent possible andpermitted under law. The identity of the complainant will not be revealed unless he himself has made either his details public or disclosed his identity to any other office or authority. In the event of the identity of the complainant being disclosed, the Audit Committee is authorized to initiate appropriate action as per extant regulations against the person or agency making such disclosure. The identity of the Whistle Blower, if known, shall remain confidential to those persons directly involved in applying this policy, unless the issue requires investigation by law enforcement agencies, in which case members of the organization are subject to 

 

• Any other Employee assisting in the said investigation shall also be protected to the sameextent as the Whistle 

 

• Provided howeverthat the complainant before making a complaint has reasonable belief that an issue exists and he has acted in good faith. Any complaint not made in good faith as assessed as such by the Audit Committee shall be viewed seriously and the complainant shall be subject to disciplinary action as per the Rules / certified standing orders of the Company. This policy does not protect an employee from an adverse action taken independent of his disclosure of unethical and improper practice  unrelated to a disclosure made pursuant to this policy.

 

12. ACCESS TO CHAIRMAN OF THE AUDIT COMMITTEE

 

12.1. The Whistle Blower shall have right to access Chairman of the Audit Committee directly in exceptional cases and the Chairman of the Audit Committee is authorized to prescribe suitable directions in this regard.

 

13. COMMUNICATION

 

• Employeesshall be informed about the Whistle Blower Policy through proper 

 

14. RETENTION OFDOCUMENTS

 

• All Protected disclosures in writing or documented along with the results of Investigationrelating thereto, shall be retained by the Company for a period of 7 (seven) years or such other period as specified by any other law in force, whichever is 

 

15. ADMINISTRATION AND REVIEW OF THEPOLICY

 

• The Director shall be responsible for the administration, interpretation, application andreview of this policy. The Director also shall be empowered to bring about necessary changes to this Policy, if required at any stage with the concurrence of the Audit 

 

16. AWARENESS

 

All reasonable and appropriate steps will be taken to make employees of the Company aware of this Policy to enable employees to report instances of leakage of unpublished price sensitive information (UPSI). An employee or an Insider or a Designated Person of the Company, upon becoming aware of an actual or suspected leak of Unpublished Price Sensitive ("UPSI") of the Company, shall promptly inform of the same to the Ethics Officer of the Company under this Code.

 

17. AMENDMENT

 

• The Company reserves its right to amend or modify this Policy in whole or in part, at anytime without assigning any reason whatsoever. However, no such amendment or modification will be binding on the Employees and Directors unless the same is notified to them in 

 

• Subsequentmodification(s) amendment (s) to the Companies Act, 2013 and SEBI (Prevention of Insider Trading) Regulations, 2015 shall automatically apply to this 

 

 

 

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

 

 

FAMILIARIZATION PROGRAM FOR INDEPENDENT DIRECTORS

 

Preamble:

 

This Familiarization Program (‘’the Program”) for Independent Directors of KISAAN PARIVAR INDUSTRIES LIMITED (Formerly Known as Richirich Inventures Limited) (“the Company”) has been adopted by the Board of Directors pursuant to SEBI Listing Regulations, 2015.

 

In accordance with requirements of Regulation 25 (7) of SEBI Listing Regulations and Schedule IV of the CompaniesAct,2013, the Company shall familiarize the Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, etc. through various programs.

 

Purpose & Objective:

The Program aims to provide insights into the Company to enable the  Independent Directors to understand their roles, rights, responsibilities in the Company and get updated on the Business & Operations of the Company and contribute significantly to the Company.

 

Details of Familiarization Programme & Visit to the company:

The Independent Directors get the opportunity to visit various Company’s Premises, to enable them to have full understanding of Operations & Processes that are followed by the Company and the Industry in which it operates.

The independent directors were provided an overview of;

• Criteriaof independence applicable to Independent Directors as per the Listing Regulations on Corporate Governance and the Companies Act, 2013;
• Compliance Personnel /Achievers, on whom reliance can be placed by the IndependentDirectors;
• Time allocation by the Independent Directors on financial controls, overseeing systemsof risk management, financial management compliance, Corporate Social Responsibility, Stakeholders conflicts, Board effectiveness, strategic direction, Meetings and performance assessment;

 

 

• Roles,functions, Duties, Responsibilities and liabilities of Independent Directors;
• DirectorsResponsibility Statement forming part of Boards’ Report;
• VigilMechanism including policy formulation, disclosures, code for Independent Directors, Fraud response plan obtaining Audit Committee approval, wherever required;
• RiskManagement systems & framework;
• Boardevaluation process and procedures;
• Dealingwith the related party transactions under the Companies Act, 2013 and the listing 
• InternalFinancial Controls and
• Loansand Investments under the Companies Act, 

 

Programme and disclosure:

1. Familiarizationprogramme will be conducted “as needed” basis during the 
2. Asand when familiarization programme is conducted the same will be disclosed on the website of the Company and a weblink thereto shall also be given in the Annual Report of

the Company.

Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information

 

The Securities and Exchange Board of India had promulgated the SEBI(Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as “PIT Regulations”) on January 15, 2015. As per Regulation 8 read with Schedule A ofthe Regulations, every listed company is required to frame a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information(hereinafter referred to as the ‘Code’) in order to make ‘Unpublished Price Sensitive Information’ (hereinafter referred to as ‘UPSI’) generally available.

 

The objective of this Code is to lay down the principles and practices to be followed by KISAAN PARIVAR INDUSTRIES LIMITED (Formerly Known as Richirich Inventures Limited) (Formerly Known as Richirich Inventures Limited) (the Company) pertaining to disclosure of UPSI.

 

The following Code was adopted by the Board of Directors of the company, and the code is effective from 2015.

 

a) Applicability:

 

This Code shall apply in relation to disclosure of UPSI by the Company. Thescope, exceptions as given in PIT Regulations shall be applicable for the purpose of this Code as well.

 

b) Definitions

 

‘Unpublished Price Sensitive Information” means any information relating to the Company or its securties, directly or indirectly, that is generally not available which upon becoming generally available is likely to materially affect the price of the Securities of the Company and shall ordinarily include, but not restricted to information relating to

 

• FinancialResults
• Dividends
• Changes incapital structure
• Mergers,de-mergers, acquisitions, disposals and such other transactions
• Changesin Key Managerial Personnel; and
• Anyother matter as may be prescribed from time to time to be price sensitive under the Listing Regulations

1. ii) “Generally available information” means information that is accessible to the public on a non-discriminatory basis.

c) Corporate Disclosure Policy

 

The Company shall ensure:

 

• prompt public disclosure of UPSI that would impact price discovery no sooner than credible and concrete information comes into being in order to make such information generally available.

 

• uniformand universal dissemination of UPSI to avoid selective

 

• if an Insider ‘selectively’ discloses any UPSI to any person including the Selected Group of Persons then prompt disclosure of such information shall have to be made by the Compliance Officer to the public. Such disclosure must be made not later than 48 hours after the Compliance Officer learns that communication of suchUPSI has taken place.

 

• thatinformation shared with analysts and research personnel is not 

 

• to develop best practices to make transcripts or records of proceedings of meetings with analysts and other investor relations conferences on the official website to ensure official confirmation and documentationof disclosures made.

 

d) Third Party Dealings

 

In order to avoid misrepresentation or misquoting, endeavour shall be madethat at least two representatives of the Company are present in the meetingsor conference calls with analysts, brokers or institutional investors. Thetranscripts of aforesaid conference calls or record of the proceedings of themeetings shall be made available on the website of the Company to ensure official confirmation and documentation of the information shared during suchmeetings and conference calls.

 

e) Response to Market rumours and Queries

 

The Compliance Officer shall provide appropriate and fair responsesto queries in relation to UPSI including any news reports. A ‘No Comment’ policymust be maintained by the Company on market rumours except when requested by regulatory authorities to verifysuch rumours.

 

f) Need to know handling of UPSI

 

The Company shall handle UPSI only on a need to know basis. UPSI shall beprovided only when needed for legitimate purposes, performance of duties ordischarge of legal obligations.

 

g) Dissemination

 

This code shall be posted on the Website of the Company.

 

h) Amendment

 

Any amendment to this Code shall be approved by the Boardof Directors of the Company.

 

 

Policy on Determination of Legitimate Purposes

 

 

“Legitimate purpose” shall include sharing of UPSI in the ordinary course ofbusiness on a need to know basis, with Company’s collaborators, lendersincluding prospective lenders, customers, suppliers, merchant bankers, legaladvisors, auditors, credit rating agencies, insolvency professionals , Practicing Company Secretaries, Registered Valuers or other advisors, service providers orconsultants, provided that such sharing has not been carried out with a viewto evade or circumvent the prohibitions of the PIT Regulations.

 

Whether sharing of UPSI for a particular instance tantamount to ‘legitimatepurpose’ would entirely depend on the specific facts and circumstances ofeach case. Primarily, the following factors should be considered while sharingthe UPSI:

 

1. whethersharing of such UPSI is in the ordinary course of business ofthe Company;

 

1. whether sharing of such UPSI is in the interests of the Company or infurtherance of a genuine commercial purpose; and

 

• whether the nature of UPSI being shared is commensurate with thepurpose for which access is sought to be provided to the recipient.

 

Any person in receipt of UPSI pursuant to a legitimate purpose shall beconsidered as an insider for the purpose of the PIT Regulations and due noticeshall be given to such person which would inter alia include the following:

 

• The information shared is in the nature of UPSI, confidentiality of suchUPSI must be maintained, and such UPSI must not be disclosedby the recipient in any manner except in compliance with the PITRegulations.

 

• Therecipient must not trade in the securities of the Company while inpossession of 

 

Additionally, structured digital database of recipients of UPSI shall be maintainedby the Company in compliance with the requirements of the PIT Regulations.

 

NOMINATION AND REMUNERATION POLICY KISAAN PARIVAR INDUSTRIES LIMITED

 

(Formerly Known as Richirich Inventures Limited)

 

 

 

1. Introduction

 

KISAAN PARIVAR INDUSTRIES LIMITED (Formerly Known as Richirich Inventures Limited) considers human resources as its invaluable assets. This policy on nomination and remuneration of Directors, Key Managerial Personnel (KMPs), Senior Management and other employees has been formulated in terms of the provisions of the Companies Act, 2013 any rules made thereunder in order to pay equitable remuneration to the Directors, KMPs, Senior Management and employees of the Company and to harmonize the aspirations of human resources consistent with the goals of the Company.

 

 

2. Key Compliance Requirements and Legal Framework:

 

Section 178 of the Companies Act, 2013 read along with the applicable rules thereto and Regulation 19 read with Part D of Schedule II of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“Listing Regulations”) requires formulation of The Nomination & Remuneration Policy (“Policy”). Accordingly, the policy of KISAAN PARIVAR INDUSTRIES Limited (“Company”) is formulated under the above requirements.

3. Objective and purpose of the policy

 

The objectives and purpose of this policy are:

 

• To formulate the criteriafor determining qualifications, competencies, positive attributes and independence for appointment of a Director (Executive / Non-Executive) and recommend to the Board policies relating to the remuneration of the Directors, Key Managerial Personnel, Senior Management and other employees. This includes, reviewing and approving corporate goals and objectives relevant to the compensation of the Executive Directors (ED), Chief Executive Officer (“CEO”), evaluating the ED’s/CEO's performance in light of those goals and objectives, and, either as a committee or together with the other independent directors (as directed by the board), determine and approve the ED’s/CEO's compensation level based on this evaluation; and making recommendations to the board with respect to their compensation, and incentive-compensation and equity based plans that are subject to board approval;

 

• Forevery appointment of an  independent director, the Nomination and Remuneration

 

Committee shall evaluate the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an independent director. The person recommended to the Board for appointment as an independent director shall have the capabilities identified in such description. For the purpose of identifying suitable candidates, the Committee may:

1. usethe services of an external agencies, if required;
2. consider candidatesfrom a wide range of backgrounds, having due regard to diversity; and
3. considerthe time commitments of the 

 

• Thepolicy also addresses the following items: Committee member qualifications; Committee member appointment and removal; Committee structure and operations; and Committee reporting to the 
• To formulate the criteriafor evaluation of performance of all the Directors on the Board;

 

• devisinga policy on diversity of board of directors

 

• To lay out remuneration principles for employees linked to their effort, performance andachievement relating to the Company’s 
• Torecommend to the board, all remuneration, in whatever form, payable to senior 

Note: While formulating the policy following as in compliance with the requirements of the Companies Act 2013 has been ensured:

• The level and composition of remuneration is reasonable and sufficient to attract, retain andmotivate directors of the quality required to run the company successfully;
• Relationshipof remuneration to performance is clear and meets appropriate performance benchmarks; and
• Remuneration to directors, key managerial personnel and senior management involves a balancebetween fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the company and its goals:

4. Constitution of the Nomination and Remuneration Committee

 

The Board has constituted the “Nomination and Remuneration Committee” which is in line with the requirements under the Act, 2013 and SEBI (LODR) Regulations, 2015.

The Board has authority to reconstitute this Committee from time to time.

 

5. Key Definitions

 

‘Board’ means Board of Directors of the Company.

‘Directors’ means Directors of the Company.

 

‘Committee’ means Nomination and Remuneration Committee of the Company as constituted or reconstituted by the Board, in accordance with the Act and rules made thereunder.

‘Company’ means KISAAN PARIVAR INDUSTRIES LIMITED

 

‘Independent Director’ means a Director referred to in Section 149(6) of the Companies Act, 2013 read with rules made there under and SEBI (LODR) Regulations, 2015.

 

‘Key Managerial Personnel (KMP)’ means-

1. theManaging Director or the Chief Executive Officer or the Manager and in their absence, a Whole-time Director;
2. theChief Financial Officer; and

• TheCompany 

 

 

Senior Management shall mean officers/personnel of the listed entity who are members of its core management team excluding board of directors and normally this shall comprise all members of management one level below the chief executive officer/managing director/whole time director/manager (including chief executive officer/manager, in case they are not part of the board) and shall specifically include company secretary and chief financial officer.

 

Unless the context otherwise requires, words and expressions used in this policy and not defined herein but defined in the Companies Act, 2013 and rules made thereunder as may be amended from time to time shall have the meaning respectively assigned to them therein.

 

General

This Policy is divided in three parts: -

 

Part - A covers the matters to be dealt with and recommended by the Committee to the Board; Part - B covers the appointment and nomination; and

Part - C covers remuneration and perquisites etc.

This policy shall be included in the Report of the Board of Directors.

 

Part - A -Matters to be dealt with, perused, and recommended to the Board by the Nomination and Remuneration Committee

The following matters shall be dealt by the Committee: -

 

(a) Composition of the Board:

 

Periodically reviewing the composition of the Board to ensure that it is structured to make appropriate decisions, with a variety of perspectives and skills, in the best interests of the Company as a whole;

 

(b) Directors:

Formulate the criteria determining qualifications, positive attributes and independence of a Director and recommending candidates to the Board, when circumstances warrant the appointment of a new Director, having regard to the range of skills, experience and expertise, on the Board and who will best complement the Board;

 

(c) Succession plans:

Establishing and reviewing Board and senior executive succession plans in order to ensure and maintain an appropriate balance of skills, experience and expertise on the Board and Senior Management;

 

(d) Evaluation of performance:

Make recommendations to the Board on appropriate performance criteria for the Directors.

 

Formulate the criteria and framework for evaluation of performance of every Director on the Board of the Company.

 

Identify ongoing training and education programs for the Board to ensure that Non- Executive Directors are provided with adequate information regarding the options of the business, the industry and their legal responsibilities and duties.

 

(e) Remuneration framework and policies:

 

The Committee is responsible for reviewing and making recommendations to the Board on:

 

• theremuneration of the Managing Director, Whole-time Directors, and KMPs

 

• the total level of remuneration of Non-Executive Directors and for individual remunerationfor Non-Executive Directors and the Chairman, including any additional fees payable for membership of Board committees;

 

• the remuneration policies for all employees including KMPs, senior management and otheremployees including base pay, incentive payments, equity awards, retirement rights and service contracts having regard to the need to
• attractand motivate talent to pursue the Company’s long-term growth;

 

• demonstratea clear relationship between executive compensation and performance; and

 

• Bereasonable and fair, having regard to best governance practices and legal 

 

• theCompany’s equity-based incentive schemes including a consideration of performance thresholds and regulatory and market requirements;

 

• theCompany’s superannuation arrangements and compliance with relevant laws and regulations in relation to superannuation arrangements; and
• theCompany’s remuneration reporting in the financial statements and remuneration 

 

PART-B-Policy for appointment and removal of Director, KMPs and Senior Management Appointment criteria and qualifications

1. TheCommittee shall identify and ascertain the integrity, qualification, expertise and experience of the person for appointment as Director, KMP or senior management level and recommend to the Board for his / her 
2. The Committee shall identify persons who are qualified to become directors and who maybe appointed in senior management in accordance with the criteria laid down, and recommend to the board of directors their appointment and 

 

3. A person to be appointed as Director, KMP or senior management level should possessadequate qualification, expertise and experience for the position he / she is considered for  The Committee has discretion to decide whether qualification, expertise and experience possessed by a person is sufficient / satisfactory for the concerned position.

 

4. A person, to be appointed as Director, should possess impeccable reputation for integrity,deep expertise and insights in sectors / areas relevant to the Company, ability to contribute to the Company’s growth, complementary skills in relation to the other Board 

 

5. The Company shall not appoint or continue the employment of any person as ManagingDirector/Executive Director who has attained the age of seventy  Provided that the term of the person holding this position may be extended at the discretion of the committee beyond the age of seventy years with the approval of shareholders by passing a special resolution based on the explanatory statement annexed to the notice for such motion indicating the justification for extension of appointment beyond seventy years.
6. Awhole-time KMP of the Company shall not hold office in more than one company except in its subsidiary company at the same time. However, a whole-time KMP can be appointed as a Director in any company, with the permission of the Board of Directors of the 

 

Term / Tenure

1. ManagingDirector / Whole-time Director

 

 

The Company shall appoint or re-appoint any person as its Managing Director and CEO or Whole- time Director for a term not exceeding five years at a time. No re-appointment shall be made earlier than one year before the expiry of term.

2. Independent Director

 

 

An Independent Director shall hold office for a term up to five consecutive years on the Board of the Company and will be eligible for re-appointment on passing of a special resolution by the Company and disclosure of such appointment in the Board’s report.

 

No Independent Director shall hold office for more than two consecutive terms, but such Independent Director shall be eligible for appointment after expiry of three years of ceasing to become an Independent Director. Provided that an Independent Director shall not, during the said period of three years, be appointed in or be associated with the Company in any other capacity, either directly or indirectly. However, if a person who has already served as an Independent Director for five years or more in the Company as on April 1, 2014 or such other date as may be determined by the Committee as per regulatory requirement, he / she shall be eligible for appointment for one more term office year only.

 

The Committee to decide whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors.

 

Removal

Due to reasons for any disqualification mentioned in the Companies Act, 2013, rules made there under or under any other applicable Act, rules and regulations, the Committee may recommend, to the Board with reasons recorded in writing, removal of a Director or KMP subject to the provisions and compliance of the said Act, rules and regulations.

 

Retirement

 

The Whole-time Directors, KMP and senior management personnel shall retire as per the applicable provisions of the Companies Act, 2013 and the prevailing policy of the Company. The Board will have the discretion to retain the Whole-time Directors, KMP and senior management personnel in the same position /remuneration or otherwise, even after attaining the retirement age, for the benefit of the Company.

 

 

 

 

 

 

 

 

PART - C -Policy relating to the remuneration for Directors, KMPs and other employees General

1. Theremuneration/compensation/commission  to Directors will be determined by the Committee and recommended to the Board for approval.
2. allremuneration, in whatever form to senior management will be determined by the Committee and recommended to the Board for approval
3. The remuneration and commission to be paid to the Managing Director shall be in accordancewith the provisions of the Companies Act, 2013, and the rules made thereunder.

 

4. Increments to the existing remuneration/compensation structuremay be recommended by the Committee to the Board which should be within the limits approved by the Shareholders in the case of Managing 

 

5. Where any insurance is taken by the Company on behalf of its Managing Director, ChiefFinancial Officer, the Company Secretary and any other employees for indemnifying them against any liability, the premium paid on such insurance shall not be treated as part of the remuneration payable to any such personnel. Provided that if such person is proved to be guilty, the premium paid on such insurance shall be treated as part of the 

 

Remuneration to KMPs and other employees

 

The policy on remuneration for KMPs and other employees is as below: -

1. Fixed pay

The remuneration and reward structure for employees comprises two broad components — annual remuneration and long-term rewards. The Committee would determine the remuneration of the Directors and formulate guidelines for remuneration payable to the employees.

 

These guidelines are as under:

 

a) Annual remuneration

 

Annual remuneration refers to the annual compensation payable to the employees of the Company.

 

This may comprise two parts - a fixed component, and a performance- linked variable component based on the extent of achievement of the individual’s objectives and performance of the business unit. The performance-linked variable pay will be directly linked to the performance on individual components of the performance contract and the overall performance of the business. An employee’s variable pay would, therefore, be directly dependent on key performance measures that represent the best isnterests of shareholders.

The objective is to set the total remuneration at levels to attract, motivate, and retain high- caliber, and high potential personnel in a competitive global market. The total remuneration level is to be reset annually based on a comparison with the relevant peer group, market conditions and practices applicable for the employees in India.

Minimum remuneration to Managing Director/Whole Time Director

 

If, in any financial year, the Company has no profits or its profits are inadequate, the Company shall pay remuneration to its Managing Director in accordance with the provisions of Schedule V of the Companies Act, 2013 and if it is not able to comply with such provisions, with the previous approval of the Central Government.

 

Remuneration to Non-Executive / Independent Directors

1. Remuneration:

The remuneration payable to each Non-Executive Director is based on the remuneration structure as determined by the Board, and is revised from time to time, depending on individual contribution, the Company’s performance, and the provisions of the Companies Act, 2013 and the rules made thereunder.

The remuneration to the Non-executive Directors (including Independent Directors) may be paid within the monetary limit approved by shareholders, subject to the limit not exceeding a) 1% of the net profits of the Company, if there is a managing director or whole-time director or manager b) 3% of the Net profits in any other case computed as per the applicable provisions of the Companies Act, 2013 and any rules thereunder.

Each Director of the Company shall be entitled to receive out of funds of the Company for his services in attending Board Meetings.

2. Stock Options

 

The Independent Directors shall not be entitled to any stock options of Company.

 

Policy Review:

 

In case of any subsequent changes in the provisions of the Companies Act, 2013 or any other regulations which makes any of the provisions in the policy inconsistent with the Act, then the provisions of the Act or would prevail over the policy and the provisions in the policy would be modified in due course to make it consistent with law.

 

This policy shall be reviewed by the Nomination and Remuneration Committee as and when any changes are to be incorporated in the policy due to change in Act or as may be felt appropriate by the Committee. Any changes or modification on the policy as recommended by the Committee would be given for approval of the Board of Directors.

POLICY ON PRESERVATION OF DOCUMENTS AND ARCHIVAL OF DOCUMENTS IN THE WEBSITE

[Under Regulation 9 and 30(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015]

 

1. PURPOSE AND SCOPE

 

• Thepurpose of this document is to present a policy statement for KISAAN PARIVAR INDUSTRIES LIMITED (Formerly Known as Richirich Inventures Limited) (Company) regarding preservation of its documents and archival of documents in the website in accordance with the provisions of the Companies Act, 2013 and Regulation 9 and 30(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”).

 

• The policy is framed for the purpose of systematic identification, categorization,maintenance, review, retention and destruction of documents received or created in the course of business. The policy gives guidelines on how to identify documents that need to be maintained, how long certain documents should be retained, how and when those documents should be disposed of, if no longer needed and how the documents should be accessed and retrieved when they are 

 

2. CLASSIFICATION OF DOCUMENTS TO BE PRESERVED /RETAINED

 

• TheCompany’s physical and electronic documents shall be classified for the purpose of preservation as follows:

 

1. Documentswhose preservation shall be permanent in nature;
2. Documents whose preservation period shall not be less than eight years aftercompletion of the relevant transactions;
3. Documents whose preservation shall be for a minimum period of three yearsafter completion of the 

 

The details of documents for the above three categories are given in the Annexure.

 

 

3. PRINCIPLE OF RESPONSIBILITY OF EMPLOYEES FOR PRESERVATION OF DOCUMENTS

 

• All the Employees in the permanent rolls of the Company are responsible for takinginto account the potential impacts on preservation of the documents in their work area and their decision to retain/preserve or destroy documents pertaining to their 

 

 

4. PERIODICAL REVIEW OF THEPOLICY

 

• The Managing Director/Chief Executive Officer of the Company is authorized toperiodically review the policy and make such changes as considered 

 

5. SUSPENSION OF RECORD DISPOSAL IN THE EVENT OF LITIGATION OR CLAIMS

 

• In case the Company is served with any notice for request of documents or anyemployee becomes aware of a government alinvestigation or audit concerning the Company or commencement of any litigation against the Company, any further disposal of documents connected with the matter shall be suspended until such time the investigation / litigation 

 

 

6. STATUTORY REQUIREMENTS

 

• If as per any other law of land including Information Technology Act, a physical orelectronic record should be preserved for a longer period than what has been stipulated in this policy, then the document shall be preserved as per the applicable statutory 

7. WEB ARCHIVAL POLICY

 

• The Company shall disclose on its website all events or information which has beendisclosed to stock exchange(s).

 

• Such disclosures shall be retained on the website of the Company for a minimumperiod of five 

 

• At the end of the fifth year the information shall be archived and preserved for afurther period of three 

 

 

 

 

ANNEXURE

 

1. Documentswhose preservation shall be permanent in nature:

 

1. Corporate Records including Certificate of Incorporation, Common Seal, Minutes ofBoard, Committee and Shareholders’ Meetings, Register of Members and other Statutory Records
2. Personalfiles of all live employees
3. Property records including purchase and sale deeds, licenses, copyrights, patents &trademarks, if 
4. Anyother record as may be decided by the Chief Executive Officer of the Company from time to time.

 

B. Documents whose preservation period shall not be less than eight years after completion of the relevant transactions (but need to be preserved in electronic form permanently):

 

1. Booksof Accounts, Bank Statements and vouchers
2. Filingswith Stock Exchanges, Registrar of Companies and other statutory 
3. PayrollRecords, Employee deduction authorizations, attendance records, employee medical records, leave records, Pension and retrial related Records, etc.
4. CorporateSocial Responsibility Records
5. SponsorshipProjects Records
6. Correspondenceand Internal Memoranda
7. Anyother record as may be decided by the Chief Executive Officer of the Company from time to 

 

C. Documents whose preservation shall be for a minimum period of three years after completion of the event (but need to be preserved in electronic form permanently):

 

1. TenderDocuments, if any
2. LeaseDeeds and Contracts, if 
3. Legalfiles
4. InsuranceRecords including policies and claims
5. Alle-mail correspondence, internal &external
6. Documentsunder Secretarial Standards
   • Proofof sending Notice of the meetings of the Board / Committee and General meetings and its delivery
   • Proofof sending Agenda and Notes on Agenda and their delivery
   • Proofof sending and delivery of the draft of the Resolution
   • Proofof sending draft Minutes and its delivery
   • Proofof sending signed Minutes and its delivery

 

7. Anyother record as may be decided by the Chief Executive Officer of the Company from time to 

 

Amendments to the policy:

 

Any amendments or modifications thereon, as may be required from time to time, in the policy shall be approved by the Board of Directors and shall have effect from the date of such amendment.

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

 

POLICY ON DISCLOSURE OF MATERIAL EVENTS/INFORMATION

 

 

1. Legal Framework

 

This policy for Determination of Materiality of Events or Information (“the Policy”) is aimed at providing guidelines to the management of KISAAN PARIVAR INDUSTRIES LIMITED (“the Company”), to determine the materiality of events or information, which could affect the investment decisions and to ensure timely and adequate dissemination of information to the Stock Exchanges.

 

The Policy has been formulated in accordance with the current guidelines laid down under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with respect to disclosure of events and information.

 

2. Objective

 

The Objective of this policy is to serve as guiding charter to the management to ensure timely and adequate disclosure of events or information are made to the investor community by the Company under the Listing Regulations, to enable them to take well – informed investment decisions with regard to the securities of the Company.

 

3. Definitions

 

All the words and expressions used in this policy shall have meaning respectively assigned to them under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in the absence of its definition or explanation therein, as per the Companies Act, 2013 and the Rules, Notifications and Circulars made/issued there under, as amended from time to time.

 

4. Applicability

 

Information relating to material events and which is price sensitive in nature, shall be promptly disseminated to the Stock Exchanges. For this purpose, material event means any information which relates to the Company and which, if published is likely to materially affect the price of shares of the Company.

 

1. The Company shall make disclosures of events specified in Annexure-1 (Events Specified in Para A of Part A of Schedule III of the Listing Regulations and as may be amended fromtime to time), without applying any test of materiality to the Stock Exchanges within specified timelines.

 

1. The Company shall make disclosures of events specified in Annexure -2 (Events specified in Para B of Part A of Schedule III of the ListingRegulations and as may be amended from time to time), based on application of the guidelines for materiality as specified in the policy.

 

• Any other information/ event viz. Major development that is likely to affect business eg. Emergence of new technologies, expiryof patents, any change in accounting policy that may have significant impact in the accounts etc., and brief details thereof and any other information which is exclusively known to the company which may be necessary to enable the holders of securities of the company to appraise its position and to avoid the establishment of a false market in such securities.

 

1. The Company shall make disclosures of any events or information which, in the opinion of the Board, is material. In case where an event occurs or information is available with the company, which has not been indicated in Annexure 1 and 2, but which may have material effect on it, the Company would make adequate disclosures in regard thereof.

 

1. Any event/ information which shall have financial impact on the Company shall be disclosed by the Company after due discussions and analysis by the Management based on the financials of the Company.

 

5. Criteria for determining materiality of events/information

 

Materiality will be determined on a case to case basis depending upon the facts and circumstances pertaining to the event, transaction, and / or information. The Managing Director / Whole time Director and/or Company Secretary shall frame his opinion on a case to case basis, based on specific facts and circumstances relating to materiality of the event, transaction or information.

 

The events or information specified in Para B of Part A of Schedule III of the Regulations, shall be disclosed based on the disclosure process described in the policy.

 

The Managing Director / Whole time Director and/or Company Secretary may consider the below guidelines for determining materiality of event, transaction or information. The event, transaction or information shall be considered as material if it meets any of the following criteria:

 

1. The omission of an event, transaction or information, which is likely to result in discontinuity or alteration of event or information already availablepublicly;
2. The event or information is in any manner unpublished price sensitive information; or

 

• The omission of an event, transaction or information is likely to result in significant market reaction if the said omission came to light at a later date;

1. The consideration involved in the transaction as a percentage of the consolidated turnover, net worth or profit, as per last audited financial statements;
2. Thetransaction is not in the ordinary course of business;
3. Thetransaction represents a significant shift from the company’s strategy;

• Whetherthere would any direct or indirect impact on the reputation of the Company; or
• Whether non-disclosure can lead to creationof false market in the securities of the Company; or

1. Whether there would be a significant impact onthe operations or performance of the Company.
2. Anyother event, transaction or information, which is treated as being material in the opinion of the Board of Directors of the company.

 

Provided that any confidential information which if disclosed is likely to put at risk the business interests of the Company shall not be disclosed. The Company to that extent shall make qualified disclosure to the stock exchange.

 

6. Disclosures of events and information

 

Event and Information specified in Part A of Schedule II of the Listing Regulations and as may be amended from time to time) shall be disclosed to the Stock Exchange by the Company as soon as reasonably possible and not later than 24 hours (Twenty- four hours) from the occurrence of the event.

 

In case of the disclosure is made after 24 hours of occurrence of such event or information, the Company shall along with the disclosures provide an explanation for delay of the same.

 

In some cases, there may be ambiguity as to when an event, transaction, or information can be said to have occurred. In certain cases, it would depend upon the stage of discussion, negotiation or approval. The event, transaction or information can be said to have occurred upon receipt of approval of Board of Directors and/or Shareholders or actual signing of the agreement after receiving the above said approvals.

 

In cases where there is no such discussion, negotiation or approval required viz. in case of natural calamities, disruptions etc., the answer to the above question would depend upon the timing when the listed entity became aware of the event, transaction, or information.

 

The event, transaction, or information can be said to have occurred when the Company becomes aware of the event, transaction, or information, or as soon as, the Managing Director / Whole time Directorof the Company has, or ought to have reasonably come into possession of the information in the course of the performance of his duties.

 

7. Continuous Disclosures

 

The Company shall, with respect to disclosures referred to in Listing Regulations, make disclosures updating material developments on a regular basis, till such time the event is resolved / closed, with relevant explanations.

 

8. Disclosure process:

 

Any event, transaction, or information purported to be reportable under Regulation 30 of the Listing Regulations shall be informed to the Managing Director / Whole time Director, on an immediate basis with supporting data / information to facilitate a prompt and appropriate disclosure.

 

The Managing Director/ Whole time Directorshall be responsible and authorised for ascertaining the materiality of events considering its nature and its disclosure after taking into consideration the various provisions of the Regulations and this policy.

 

After evaluation, the Company Secretary or in his/her absence any authorized official of the Company shall make disclosure to the Stock Exchange. The company shall use the electronic facilities provided by the Stock Exchange for dissemination of the information and may subsequently disclose the same via other media, including the press release, website, etc.

 

Statutory timeframes for disclosure shall be adhered to. Delay, if any, should be sufficiently explained along with the disclosure. Regular updates, where relevant, shall be made with relevant explanations.

 

9. Conflict with other policies

 

Where the terms of this policy differ from any existing or newly enacted law, rule, regulation or standard governing the Company, the law, rule, regulation or standard will take precedence over this policy until such time as this policy is changed to conform to the said law, rule, regulation or standard.

 

10. Amendments

 

The Board of Directors reserves the right to amend or modify this policy whole or in part, as may be required to comply with any further amendment(s)/Modification(s) in the listing regulations and/or other applicable laws.

 

11. Website of the Company

 

This Policy shall be disclosed on the website of the Company. Further, the Company shall disclose on its website all such events or information which has been disclosed to the stock exchange(s) under the Listing Regulations and further that such disclosure shall be made available on the website of the Company for a period of at least five years thereafter.

 

12. Authorization of Key Managerial Personnel

 

The Board of Directors has authorized:

 

Mrs. L. Sneha Chary, Company Secretary cum Compliance Officer, to determine the materiality of events/information and to disclose such information to the stock exchange.

POLICY ON BOARD DIVERSITY OF

 

KISAAN PARIVAR INDUSTRIES LIMITED

 

(Formerly Known as Richirich Inventures Limited)

 

 

 

1. Purpose:

This Policy aims to set out the approach to achieve diversity on the Company’s Board of Directors (“Board”). The Company recognizes and embraces the benefits of having adverse Board to enhance the quality of its performance.

2. PolicyStatement and Objective:

With a view to achieving a sustainable and balanced development, the Company is looking forward to increase diversity at the Board level as an essential element in supporting the attainment of its strategic objectives and its sustainable development. In designing the Board’s composition, Board diversity has been considered from a number of aspects, including but not limited to gender, age, cultural and educational back ground, ethnicity, professional experience, skills, knowledge and length of service. Keeping this objective in view all Board appointments will be based on meritocracy, and candidates will be considered, having due regard for the benefits of diversity on the Board. The ultimate decision will be based on merit and contribution that the selected candidates will bring for the benefit of the company.

3. Monitoringand Reporting

The Nomination and Remuneration Committee will report annually, in the Corporate Governance Report, on the Board’s composition under diversified perspectives, and monitor the implementation of this policy.

4. Review of the policy:

The Nomination and Remuneration Committee will review this Policy, when considered necessary, to ensure its effectiveness. The Nomination and Remuneration Committee will discuss any revision in the Policy that may be required, and make appropriate modification to the Policy.

CODE OF CONDUCT OF

DIRECTORS AND

SENIOR MANAGEMENT PERSONNEL FOR

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

 

 

1. INTRODUCTION

 

The purpose of this Code of Conduct (the "Code") is to conduct the business of the Company in accordance with the applicable laws, regulations, rules and with the highest standard of ethics and values. The matters covered in this Code are of utmost importance to the Company, shareholders and other stakeholders.

This Code shall come into force with immediate effect. Each and every Director/Officer (as defined herein below) shall be duty-bound to follow the provisions of this Code in letter and spirit. Any instance of non-compliance of any of the provisions shall be a breach of ethical conduct and shall be viewed seriously by the Company.

 

Accordingly, the Director/Officers (as defined herein below) are expected to read and understand this Code and uphold these standards in all their business dealings and activities.

 

 

II. APPLICABILITY

 

Regulation 46(2)(d) of the Listing Obligations and Disclosure Requirements 2015 (LODR) requires every listed company to make and disseminate the Code of Conduct for Director/senior Officer of the company. This Code of Conduct applies to the following:

 

1. AllMembers of the Board of Directors of the Company; (hereinafter referred to as the "Directors")

 

 

 

 

2.	(a)	Chief Executive Officer;
	(b) (c) (d) (e)	Chief Operating Officer; Company Secretary; Head of Finance function (by whatever designation called); All Departmental/Functional heads of different functions of the

Company (by whatever designation they are called) (hereinafter referred to as "Officers")

 

III. HONEST AND ETHICAL CONDUCT

 

We expect all the Directors/Officers to act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct, while working at the Company's premises, at offsite locations, at Company's sponsored business and social events and/or at any other place where the Directors/Officers represent the Company.

 

We consider honest conduct to be conduct that is free from fraud and/or deception. We consider ethical conduct to be conduct conforming to the accepted professional standards of conduct. Ethical conduct includes ethical handling of actual or apparent conflicts of interest as specified in below between personal and professional relationships.

IV. CONFLICTS OF INTEREST

 

Duty of the Directors/Officers of the Company demands that he or she avoids and discloses actual and apparent conflicts of interest. A conflict of interest exists where the interests or benefits of one person or entity conflict with the interests or benefits of the Company. For example:

 

1. Employment/Outside Employment: -In consideration of employment withthe Company, Officers are expected to devote their full attention to the business interests of the Company. Officers are prohibited from engaging in any activity that interferes with their performance or responsibilities to the Company or otherwise in conflict with or prejudicial to the  For example, simultaneous engagement/employment or directorship with competitors of the Company or from taking part in any activity that enhances or supports the competitor's position. Each Officer shall inform the Board of any change in events/circumstances/conditions that may interfere with their ability to perform their duties. Additionally, Officers must disclose to the Company's Board of Directors, any interest that they have that may conflict with the business of the Company.

 

1. Outside Directorships: It is a conflict of interest to serve as a Director of anyCompany that competes directly with the Company. Directors/Officers must first obtain approval from the Company's Board of Directors before accepting such  Further each Director/Officer shall inform the Board of any changes in their board positions, relationship with other businesses (including charitable).
2. Business Interests: If any Director/Officer is considering investment in thebusiness of any competitor of the Company, he or she must first take care to ensure that these investments do not compromise on their responsibilities towards the  Before making substantial investment in the business of the Competitor, the Director/officer shall take permission from the Board of Directors of the Company. Substantial Investment shall mean any investment over Rs.50.00 Lacs for Directors and Rs.10.00 Lacs for Officers or such other amount as may be decided by the Board from time to time and case to case depending upon the facts and figures of investment.

 

1. Relatedparties: As a general rule, Director/Officers, before conducting Company business with a relative and/or with a business in which a relative is associated in any significant role, must disclose their interest before the Board of Directors of the Company and take their prior approval for the same. Relatives include spouse, siblings, sibling's spouse, children, children's spouse, parents, grandparents, grandchildren and step 

 

1. Payments or gifts from others: Under no circumstances any Director/Officershall accept any offer, promise to pay, or authorization to pay any money, gift, or anything of value from customers, vendors, consultants, etc. of the Company, that is perceived and/or intended, directly or indirectly, to influence any business decision, of the Company any act or failure to act, any commitment of fraud, or opportunity for the commitment of any 
2. Corporate opportunities: Directors/Officers shall not exploit for their ownpersonal gain, opportunities that are discovered through the use of Company property, information or position, unless the opportunity is first disclosed in writing to the Company's Board of 

 

1. Other situations: Because other conflicts of interest may arise, it would beimpractical to attempt to list all possible situations. If a proposed transaction or situation raises any questions or doubts, Directors/Officers must consult the Company's Chairman and/or the Board of 

 

V. COMPLIANCE WITH GOVERNMENT LAWS, RULES ANDREGULATIONS

 

Directors/Officers must comply with all applicable governmental laws, rules and regulations. Directors/Officers must acquire appropriate knowledge of the legal requirements relating to their duties sufficient to enable them to recognize potential dangers, and to know when to seek advice from the Finance and/or Legal Department. Violations of applicable governmental laws, rules and regulations may subject Directors/Officers to individual criminal and/or civil liability. Such individual violations may also subject the Company to civil and/or criminal liability and/or the loss of business.

 

VI. CONFIDENTIAL INFORMATION

 

Directors/Officers are required to maintain the confidentiality of all confidential information that they receive or become privy to in connection with the Company's business, except when disclosure is authorized or legally mandated. Confidential information includes all nonpublic information that might prejudice the ability of the Company to pursue certain objectives, be of use to competitors or harm the Company, its suppliers or its advertisers, if disclosed. Confidential information also includes any information relating to the Company's business and affairs that results in or would reasonably be expected to result in a significant change in the market value of the Company's securities or any information a reasonable investor would consider important in making an investment decision. Directors/Officers must not use confidential information for their own advantage or profit directly or indirectly.

 

VII. DUTIES OF INDEPENDENT DIRECTORS:

The independent directors shall—

1. undertake appropriate induction and regularly update and refresh their skills,knowledge and familiarity with the company;
2. seekappropriate clarification or amplification of information and, where necessary, take and follow appropriate professional advice and opinion of outside experts at the expense of the company;
3. striveto attend all meetings of the Board of Directors and of the Board committees of which he is a member;
4. participateconstructively and actively in the committees of the Board in which they are chairpersons or members;
5. striveto attend the general meetings of the company;
6. where they have concerns about the running of the company or a proposedaction, ensure that these are addressed by the Board and, to the extent that they are not resolved, insist that their concerns are recorded in the minutes of the Board meeting;

 

7. keepthemselves well informed about the company and the external environment in which it operates;
8. notto unfairly obstruct the functioning of an otherwise proper Board or committee of the Board;
9. pay sufficient attention and ensure that adequate deliberations are held beforeapproving related party transactions and assure themselves that the same are in the interest of the company;
10. ascertain and ensure that the company has an adequate and functional vigilmechanism and to ensure that the interests of a person who uses such mechanism are not prejudicially affected on account of such use;
11. reportconcerns about unethical behavior, actual or suspected fraud or violation of the company's code of conduct or ethics policy;
12. acting within his authority, assist in protecting the legitimate interests of thecompany, shareholders and its employees;
13. notdisclose confidential information, including commercial secrets, technologies, advertising and sales promotion plans, unpublished price sensitive information, unless such disclosure is expressly approved by the Board or required by law.
14. any other duty as may be prescribed under the Companies Act, 2013 and rulesmade thereunder and the listing agreement and SEBI (LODR) Regulations, 

VIII. DISCLOSURES

 

Company's policy is to provide full, fair, accurate, timely and understandable disclosure in reports and documents that Company file with, or submit to, the stock 'exchange, SEBI and/or any other government agency and in all other public communications made by the Company. Company's management has the general responsibility for preparing such filings and communications and shall ensure that the same shall conform to all applicable laws and regulations.

IX. VIOLATION OF THE CODE

 

Part of the Directors/Officer's job, and of his or her ethical responsibility, is to help enforce this Code. Directors/Officers should be alert to possible violations, Directors/Officers must co-operate in any internal or external investigations of possible violations. Reprisal, threat, retribution or retaliation against any person who has, in good faith, reported a violation or a suspected violation of law, this Code or other Company policies, or against any person who is assisting in any investigation or process with respect to such a violation ,to be avoided. 'Actual violations of law, this Code, or other Company policies or procedures, should be promptly reported to the Legal/HR Department.

 

 

 

X. WAIVERS AND AMENDMENTS OF THECODE

 

We are committed to continuously reviewing and updating our policies and procedures. Therefore, this Code is subject to modification. Any amendment or waiver of any provision of this Code must be approved by the Company's Board of Directors and promptly disclosed on the Company's website and in applicable regulatory filings pursuant to applicable laws and regulations, together with details about the nature of the amendment or waiver.

 

XI. NO RIGHTS CREATED

 

This Code of conduct is a statement of certain fundamental principles, ethics, values, policies and procedures that govern the Directors and senior management of the Company in the conduct of the Company's business. It is not intended to and does not create any rights in any employee, customer, client, supplier, competitor, shareholder or any other person or entity.

Prevention of Sexual Harassment Policy

Background

KISAAN PARIVAR INDUSTRIES LIMITED (Formerly Known as Richirich Inventures Limited) (hereinafter referred to as the “Company) provides equal opportunity and a harassment free workplace notwithstanding race, caste, religion, color, ancestry, marital status, gender, sexual orientation, age, nationality, ethnic origin or disability, as the case may be. Thus in order to create such a safe and conducive work environment, this Policy has been framed, in line with the provisions of the “Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013” of India (hereinafter referred to as the “Act”1) and existing rules framed thereunder namely the “Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013 (hereinafter referred to as the “Rules”2).

Purpose & Scope

Purpose of this policy is to provide protection against sexual harassment of women at workplace and the prevention and redressal of complaints of sexual harassment and matters related to it.

This policy extends to all employees including individuals coming to the workplace for employment or for any other purpose whatsoever including but not limited to visitors, vendors, contractual resources, seconded and applies to any alleged act of sexual harassment against persons at workplace, whether the incident has occurred during or beyond office hours.

Important definitions

• “Aggrieved Individual” means in relation to a workplace, a person, of any age, whether employed or not, who alleges to have been subject to any act of sexual harassment by the respondent and includes contractual, temporary employees and
• “Complainant” is any aggrieved individual (including a representative as more fully described under Rule 6 ofthe said Rules, if the aggrieved individual is unable to make a complaint on account of his/her physical or mental incapacity or death or otherwise) who makes a complaint alleging Sexual Harassment under this Policy.
• “Complainant” is any aggrieved individual (including a representative as more fully described under Rule 6 ofthe said Rules, if the aggrieved individual is unable to make a complaint on account of his/her physical or mental incapacity or death or otherwise) who makes a complaint alleging Sexual Harassment under this Policy.
• “Employer” means person who are responsible for management, supervision and control of the workplace including appointment/removal/termination of employees and will include ‘Director and General Manager’, ‘Chief People Officer (CPO)’ and ‘Chief Operating Officer (COO)’.

 

• “InternalCommittee” means and includes an Internal Complaints Committee (hereinafter referred to as the “committee”).
• “Presiding officer” means the presiding officer of the IC and shall be a woman employed at a senior level at the workplace amongst the employees.
• ‘Respondent”means a person against whom a complaint of alleging sexual harassment has been made under this policy.
• “Parties”means collectively the complainant and the 
• Sexual harassment may be one or a series of incidents involving unsolicited and unwelcome sexual advances, requests for sexual favours, or anyother verbal or physical conduct of sexual nature.

1. SexualHarassment at the workplace includes:
2. unwelcome sexualadvances (verbal, written or physical),
3. demandor request for sexual favors,
4. anyother type of sexually-oriented conduct,
5. verbalabuse or ‘joking’ that is sex-oriented
6. anyconduct that has the purpose or the effect of interfering with an individual’s work performance or creating an intimidating, hostile or offensive work environment.
7. Inappropriate conduct could also be a joke, a prank or even a compliment. These gestures also lead to harassment although the intention ofthe individual might not be to offend the other person.

• “Workplace” means establishments, enterprises, institutions, offices, branches, premises, locations or units established, owned, controlled by the Company or places visited by the employees out of or during the course of employment including accommodation, transportation provided by the employer for undertaking such journey.

Responsibilities Regarding Sexual Harassment:

All employees of the Company have a personal responsibility to ensure that their behavior is not contrary to this policy.

All employees are encouraged to reinforce the maintenance of a work environment free from sexual harassment.

Raising of complaint

• Anyaggrieved individual may make in writing, a complaint of sexual harassment to the Human Resources (HR) or Administration/personnel Department (through respective Lines of Service HR) or through Company’s Ethics Office within a period of three (3) months from the date of incident and in case of more than one incident, within a period of three (3) months from the date of last incident unless the time period is extended.
• Thecomplaint should clearly mention name and available details of both the

 

aggrieved person and the respondent. Anonymous or pseudonymous complaints will not be investigated.

• Where the aggrieved individual is unable to make the complaint on account of her/his physical ormental incapacity or death or otherwise, his/her representative, as more fully described under Rule 6 of the said Rules, may make a complaint.

(5) The complainant shall submit six copies of the complaint accompanied by available supporting documents and relevant details concerning the alleged act of sexual harassment(s) including names and address of witnesses, if any which the complainant believes to be true and accurate.

Prohibition on disclosure of information

This policy prohibits any person from publishing, communicating or making known to the public, press and media in any manner, contents of the complaint, the identity and addresses of the aggrieved person, respondent and witnesses, any information relating to conciliation and inquiry proceedings during the proceedings under the provisions of the Act. Any violation thereto shall also be subject to applicable disciplinary action as outlined in Employee Handbook.

Protection to Complainant

The Company is committed to ensuring that no employee who brings forward a harassment concern is subject to any form of reprisal. Any reprisal will be subject to disciplinary action. The Company will ensure that the victim or witnesses are not victimized or discriminated against while dealing with complaints of sexual harassment.

Conclusion:

In conclusion, the Company reiterates its commitment to providing its employees, a workplace free from harassment/ discrimination and where every employee is treated with dignity and respect.

KISAAN PARIVAR INDUSTRIES LIMITED

(Formerly Known as Richirich Inventures Limited)

Code of Conduct to Regulate, Monitor and Report Trading by Insiders

1. Introduction:

   The Code of Conduct to regulate, monitor and report trading in Securities of the Company was initially formulated by the Company in pursuance of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015(“Regulations”).

   
   

   Pursuant to the amendments in the Regulations from time to time, this revised Code of Conduct to regulate, monitor and report trading in Securities of the Company (hereinafter referred to as “Code”) has been formulated by the Boardof Directors of the Company to regulate, monitor and report trading in Securitiesof the Company by Designated Persons and their Immediate Relatives, effectivefrom April 1, 2019.

   
   

2. Definitions:

   1. ‘Chinese Walls’ means policies and procedures and physical arrangements designed to manage and safeguard UPSI (defined hereinafter) and prevent inadvertent transmission or communication thereof

   2. ‘Company’ means ‘KISAAN PARIVAR INDUSTRIES LIMITED’

      
      

   3. ‘Compliance Officer’ means the Company Secretary and in his absence any other senior officer of the Company appointed by the Board of Directors from time to time for the purpose of this Code in pursuanceof the Regulations;

      
      

   4. ‘Designated Persons’ means and includes:

      • All promoters, Directors and Key Managerial Personnel

      • Employees of the Company comprising the top 2 tiers of the Company’s management below the board level.

      • All the employees not covered above, who are working at the Assistant manager level or above in the following departments of the Company

        
        

        1. Finance & Accounts Department and

        2. Legal and Secretarial Department and

        3. Any other persons, including support staff of the Company belonging to any other departments as may be decided by the Managing Director of the Company in consultation with the Compliance Officer of the Company, from time to time.

      • “Generally Available Information” means information that is accessible to the public on a non-discriminatory basis;

        
        

      • “Immediate Relative” means a spouse of a person, and includes parent, sibling, and child of such person or of the spouse, any of whom is either dependent financially on such person, or consults such person in taking decisions relating to trading in Securities.

        
        

      • ‘Key Managerial Personnel’ shall mean the person holding any of the positions of Managing Director, Chief Financial Officer and Company Secretary of the Company

        and any other officer designated as key managerial personnel by the Board of Directors as per the provisions of Section 2(51) of the Companies Act, 2013.

        
        

      • ‘Material Financial Relationship’ means a relationship in which one person is a recipient of any kind of payment, such as by way of a loan or gift from a designated person during the immediately preceding twelve months, equivalent to at least 25% of the annual income of such designated person, but excludes relationships in which the payment is based on arm’s length transactions.

      • ‘Promoter’ shall have the meaning assigned to it under the Regulations.

      • ‘Promoter group’ shall have the meaning assigned to it under the Regulations.

        
        

      • ‘Regulations’ shall have the meaning ascribed to such term in Article 1 hereof, which term shall include all amendments therein and replacements thereof;

        
        

      • ‘SEBI’ means Securities and Exchange Board of India

      • ‘SEBI ACT’ Means Securities and Exchange Board of India Act, 1992

        
        

      • ‘Securities’ shall have the meaning ascribed to such term in the Regulations

      • ‘Stock Exchanges’ means recognized stock exchange(s) on which the Securities of the Company are listed.

        
        

      • ‘Takeover Code’ means the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time;

        
        

      • ‘Threshold Limit’ means the limit for trading in securities of the Company in any calendar quarter valuing Rs. 10 lakhs or such amount as amended from time to time.

        
        

      • ‘Trading’ means and includes subscribing, buying, selling, dealing, pledging or agreeing to subscribe, buy, sell or deal in or pledge any Securities of the Company, and “Trade” shall be construed accordingly

        
        

      • ‘Trading day’ means a day on which the Stock Exchange(s) are open for trading

      • ‘Trading Window’means the period during which Trading in Company’s Securities can be carried out; and

      • ‘Unpublished Price Sensitive Information’ or ‘UPSI’means any information, relating to the Company or its Securities, directly or indirectly, that is not generally available which upon becoming generally available, is likely to materially affect the price of the Securities and shall, ordinarily including but not restricted to, information relating to the following:

        
        

        1. Financial results;

        2. Dividends;

        3. Change in capital structure;

        4. Mergers, de-mergers, acquisitions, delistings, disposals and expansion of business and such other transactions; and

        5. Changes in Key Managerial Personnel

        
        

3. Responsibilities and Duties of Compliance Officer

   1. The Compliance Officer shall be responsible under the overall supervision of the Board of

      Directors of the Company, for compliance of policies, procedures, maintenance of records, monitoring adherence to the rules for the preservation of UPSI, monitoring of Trades as per the Code and implementation of the Code, maintaining records of the designated persons and their immediate relatives and any changes made in the list of Designated Persons and their Immediate Relatives and providing guidance and clarifications sought by Designated Persons regarding the Regulations and the Code.

      
      

   2. The Compliance Officer shall report to the Board of Directors and shall provide reports to the Chairperson of the Audit Committee on a quarterly basis in respect of Trading in the Securities of the Company by the Designated Persons and their Immediate Relatives, the trading plans and pre-clearance applications approved and rejected by the Compliance Officer.

      
      

   3. The Compliance Officer shall discharge other functions and duties as prescribed in the Code and the Regulations.

   
   

4. General Restrictions

   
   

   1. No Designated Person (including his/her Immediate Relatives) should trade in the Securities of the Company at any time while in possession of, or having access to, any Unpublished Price Sensitive Information. (UPSI).

      
      

   2. Designated Persons are obliged to treat UPSI with due care and they have a duty to safeguard UPSI irrespective of the source of receipt of UPSI. Designated Persons shall use UPSI for the specified purpose(s) only and it must not be used for any personal gain. No Designated Person shall communicate, provide, or allow access, or procure or cause communication of any Unpublished Price Sensitive Information, relating to the Company or its Securities, to any person, except where such communication is in furtherance of legitimate purposes, performance of duties or discharge of legal obligations.

   Determination of Legitimate Purpose

   
   

   The term “legitimate purpose” includes sharing of UPSI in the ordinary course of business with Company’s collaborators, lenders including prospective lenders, customers, suppliers, merchant bankers, legal advisors, auditors, credit rating agencies, insolvency professionals or other advisors, service providers or consultants; provided that such sharing of UPSI has not been carried out to evade or circumvent the prohibitions of the regulations.

   Whether sharing of UPSI for a particular instance tantamount to ‘legitimate purpose’ would entirely depend on the specific facts and circumstances of each case. Primarily, the following factors should be considered while sharing the UPSI:

   
   

   • whether sharing of such UPSI is in the ordinary course of business of the Company;

   • whether sharing of such UPSI is in the interests of the Company or in furtherance of a genuine commercial purpose; and

   • whether the nature of UPSI being shared is commensurate with the purpose for which access is sought to be provided to the recipient.

   Any person who is in receipt of UPSI pursuant to a “legitimate purpose” shall be considered as an Insider for the purpose of these Regulations and due notice shall be given to such persons to maintain confidentiality of such UPSI in compliance with the Regulations.

   
   

5. Preservation of UPSI and Chinese Wall Procedures

   1. UPSI should be maintained within the Chinese Walls at all times. In the event any person

      (who is not a Designated Person) is required to be wall – crossed, i.e., brought over the Chinese Wall in order to obtain access to the UPSI for a specific purpose, prior approval of the Managing Director must be sought. The Managing Director shall consider whether such person being wall – crossed, is being provided UPSI on a need – to – know basis. Further, information shared with such wall – crosser should be limited to the specific transaction or purpose for which their assistance is required.

   2. All persons who have wall – crossed should be notified that he would be considered to be a Designated Person under this Code and consequently, required to comply with all applicable provisions of the Code and Regulations, till such information remains UPSI.

   3. UPSI is to be handled on a “need to know” basis. It should be disclosed only to those who need the information to discharge their duties and possession of UPSI by them will not give rise to a conflict of interest or misuse of UPSI.

   4. Files containing UPSI shall be kept secured with restricted access and computer files containing UPSI should be protected with the help of login, passwords, etc

   5. In case of any transaction(s) involving UPSI, the Managing Director shall identify the Designated Person(s) who shall have access to any insider information relating to such sensitive transaction(s). While dealing with such insider information, the Designated Persons shall, to the extent applicable, adhere to the provisions of this Clause 5.

   
   

6. Prevention of Misuse of UPSI

   All Designated Persons and their Immediate Relatives shall be subject to trading restrictions as stated below:

   
   

   1. Closure of Trading Window

      
      

      The Designated Persons and their Immediate Relatives shall trade in the Securities of the Company only when the Trading Window is open; provided that the Trading Window norms shall not be applicable for trades carried out in accordance with a trading plan approved under clause 9 hereof

   2. Prohibition on Trading in Securities of the Company

      
      

      Designated Persons and their Immediate Relatives shall not Trade in the Securities of the Company: (i) during the Prohibited Period (as defined below) or (ii) at any time (even when the Trading Window is open) if in possession of UPSI.

   3. “Prohibited Period” means:

      
      

      1. A period from the end of every financial year till 48 hours after declaration of unaudited/audited annual financial results;

         
         

      2. A period from the end of every quarter till 48 hours after declaration of unaudited/audited quarterly financial results; and

      3. Any period when the Compliance Officer otherwise has reasons to believe that Designated Persons can reasonably be expected to have possession of UPSI; Provided that where such UPSI is proposed to be considered at a meeting of the Board ofDirectors of the Company, such period shall, as far as practicable, commence at least 7 days before such meeting of the Board of Directors. The Compliance Officer shall determine the timing for re-opening the Trading Window taking into account various factors including UPSI in question becoming Generally Available Information and being capable of assimilation by the market, which in any event shall not be earlier than 48 hours after the information becomes Generally Available Information.

         
         

   4. The intimation about the Prohibited Period shall be given by the Compliance Officer,

   wherever required, through e-mail, circular and/or posting on the website of the Company.

   
   

7. Pre-clearance of Trades

All Designated Persons including their Immediate Relatives intending to Trade in the Securities of the Company up to the Threshold Limit fixed as aforesaid may do so without any clearance from the Compliance Officer.

While calculating the Threshold Limit, the cumulative value of the Securities of the Company Traded, whether in one transaction or series of transactions, during a calendar quarter by the Designated Person and his /her Immediate Relatives shall be taken into account.

Where the Trading Window of the Company is open, the Designated Persons including their Immediate Relatives intending to Trade in the Securities of the Company in excess of the Threshold Limit, shall pre-clear the transactions; provided that the pre-clearance of Trade is not required for a Trade executed as per a trading plan which has been approved under clause 9 hereof

The procedure for pre-clearance of Trades is stated hereunder:

1. The Designated Person should make an application in the prescribed form, as per Annexure - I, to the Compliance Officer indicating the estimated number and value of Securities of the Company that such Designated Person (or his / her Immediate Relative) intends to Trade in and such other details as may be required in this behalf. The application is to be filed along with statement of holding in Securities of the Company at the time of pre-clearance.

   
   

2. The Designated Person shall execute an undertaking in favour of the Company incorporating therein inter-alia, the following clauses, as may be applicable (annexed hereto as Annexure - II).

   1. that such Designated Person (including his/ her Immediate Relatives) does not have any access to or has not received and is not in possession of any Unpublished Price Sensitive Information upto the time of signing the undertaking;

   2. that in case such Designated Person (including his/ her Immediate Relatives) has access to or receives Unpublished Price Sensitive Information after the signing of the undertaking but before the execution of the transaction such Designated Person shall inform the Compliance Officer of the change in the position and that such Designated Person (including his/ her Immediate Relatives) would completely refrain from Trading in the Securities of the Company till the time such information becomes Generally Available Information;

   3. that the Designated Person (including his / her Immediate Relatives) has not contravened the Code; and

   4. that the Designated Person has made a full and true disclosure in the matter.

      
      

3. Prior to approving any Trades, the Compliance Officer shall have regard to whether the declaration given by the Designated Person, to the effect that he / she is not in possession of any Unpublished Price Sensitive Information, is reasonably capable of being rendered inaccurate.

   
   

4. The Compliance Officer shall accord approval for pre-clearance in the format attached hereto as Annexure - III.

   
   

5. The Designated Persons and their Immediate Relatives shall execute their transactions in respect of Securities of the Company within 7 Trading Days from the date of pre-clearance after which pre-clearance will lapse. Thereafter, a fresh pre-clearance will be needed for the Trades to be executed.

6. The Designated Employee shall file within two Trading Days of the execution of the Trade, the details of such Trade with the Compliance Officer in the form attached as Annexure - IV.

   
   

7. Where a Trade is not executed after obtaining pre-clearance from the ComplianceOfficer, a report to that effect shall be filed within two trading days of expiry of pre-clearance approval in the format attached as Annexure - IV.

   
   

8. In case the Compliance Officer or his/her Immediate Relatives intend to Trade in the Securities of the Company in excess of the Threshold Limit, he/she shall obtain pre-clearance for the same from the Managing Director of the Company, as per the pre-clearance procedure underthis Code.

   
   

9. Such pre-clearance shall not in any way be deemed to be in confirmation of compliance with the Takeover code, if applicable. The person seeking pre-clearance shall be solely responsible for compliance with the provisions of the Takeover Code, if applicable.

1. Trading plans

   
   

   1. A designated person who may be perpetually in possession of UPSI and his/her immediate relatives shall have an option to formulate a trading plan and present it to the compliance officer for approval and public disclosure pursuant to which trades may be carried out on their behalf in the Securities of the Company.

      
      

   2. Such trading plan shall:

      
      

      1. Not entail commencement of Trading in securities of the Company on behalf of the Designated person and/or his/her immediate relatives earlier than 6 months from the public disclosure of the trading plan;

      2. Not entail Trading in Securities of the Company for the period between the 20th Trading Day prior to the last day of any financial period for which results are required to be announced by theCompany and the 2nd Trading Day after the disclosure of such financial results;

      3. Entail trading in securities of the Company for a minimum period of 12 months.

      4. Not entail overlap of any period for which another trading plan is already in existence;

      5. Set out either the value of trades to be effected in Securities of the Company or the number of securities of the Company to be traded along with the nature of the trade and the intervals at or dates on which such trades in the Securities of the Company shall be effected; and

      6. Not entail trading in securities of the Company for market abuse.

         
         

   3. The Compliance Officer shall review the trading plan to assess whether the plan would have any potential for violation of the code or the regulations and shall be entitled to seek such express undertakings as may be necessary to enable such assessment and to approve and monitor implementation of the trading plan.

   4. Upon approval of a trading plan, the Compliance Officer shall notify the trading plan to the Stock Exchanges.

      
      

   5. The trading plan once approved shall be irrevocable and the Designated Person (including his/ her Immediate Relatives) shall mandatorily have to implement the plan, without being entitled to either deviate from it or to execute any Trade in the Securities of the Company outside the scope of the trading plan;

      Provided that the implementation of the trading plan shall not becommenced if any UPSI in possession of the Designated Person and/or Immediate Relatives at the time of formulation of the plan has notbecome Generally Available Information at the time of commencementof implementation and in such event the Compliance Officer shallconfirm that the commencement ought to be deferred until such UPSIbecomes Generally Available Information, in compliance with theRegulations.

      
      

2. Disclosures and Reporting Requirements

   
   

   The disclosures required to be made by a person under this provision shallincludedetails of Trades by such person’s Immediate Relatives, whereverapplicable.

   1. Within 7 days of his / her appointment as or becoming aDesignated Person or upon becoming a promoter or member of the promoter group:

      • the details of Securities of the Company held by them andtheir Immediate Relatives.

      • One time disclosure about Educational Qualification, PastEmployers, etc., wherever applicable.

      • The Designated Persons shall provide a one – time declaration containing the details of the names of educational institutions from which the Designated Persons have graduated and namesof their past employers, if applicable.

      II) Continual Disclosure

      
      

      1. Every Promoter, member of the promoter group and Designated Person shall disclose to the Compliance Officer, the number of Securities of the Company acquired or disposed of, within 2 Trading Days of such transaction, if the aggregate value of Securities of the Company Traded, whether in one transaction or a series of transactions over any calendar quarter, exceeds Rs. 10 lakhs or such other value as may be specified by SEBI inthis regard.

      2. The Designated persons shall forward to the Compliance Officer

         
         

         1. Quarterly statement of transactions in Securities of the Company within a period of 15 days from the end of a calendar quarter. If there is no transaction in a particular quarter, the “Nil” statement is not required to be submitted.

         2. An annual statement of holdings in the Securities of the Company within 30 days of the close of financial year.

         3. The details of Immediate Relatives and persons with whom such Designated Person shares a Material Financial Relationship, within 30 days of close of every financial year and within 15 days of any change in such information as submitted to the Company.

      
      

3. Penalties/Punishments

   
   

   1. Any designated person who trades in securities of the Company or communicates any UPSI in contravention of this code will be penalized and appropriate action will be taken against such Designated Person by the Company after giving reasonable opportunity of being heard in the matter. Such Designated Person shall also be subject to disciplinary action by the Company including wage freeze, suspension, recovery, in-eligibility for future participation in ESOPs etc.

   2. In case any violation of Regulations is observed, the Compliance Officer shall promptly inform the same to SEBI

   3. In addition to the aforesaid penalties/punishments, the persons violating the Regulations will also be subject to any other action by SEBI as per the SEBI Act.

4. Miscellaneous

   
   

   1. The gap between clearance of financial results by the Audit Committee and Board of Directors meeting for approval of such financial results should be as narrow as possible and preferably on the same day to avoid leakage of UPSI.

   2. The Board of Directors of the Company shall have power to modify or replace this code in part or full as may be thought fit from time to time in its absolute discretion.

   3. The decision of the Board of Directors with regard to all matters relating to this code will be final and binding on all concerned.

   4. In case any provisions of this Code are contrary to or inconsistent with the provisions under the Regulations, the provisions of Regulations shall prevail.

ANNEXURE – I

SPECIMEN OF APPLICATION FOR PRE-DEALING APPROVAL

To, Date:

The Compliance Officer,

KISAAN PARIVAR INDUSTRIES LIMITED

15-31-S3/MMC/712, 7th Floor Manjeera Majestic Commercial, KPHB Colony, Kukatpally, Hyderabad -500072

Dear Sir/Madam

Sub: Application for Pre-dealing approval in securities of the Company

Pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended and the Company’s Internal Code of Conduct for Regulating, Monitoring and Reporting of Trades by Insiders under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (“Code”), I seek approval to Trade in securities of the Company as per details given below:

S. No	Particulars	Details
1.	Name of the Applicant
2.	Designation
3.	Nature of the securities and the number of securities held as on date
4.	Application for
5.	Relation with Employee
6.	PAN
7.	Folio No. / DP ID / Client ID No.
8.	The proposal is for	Purchase of securities Subscription to securities Sale of securities
9.	Proposed date of trading in securities
10.	Estimated number of securities proposed to be acquired/subscribed/sold, etc
11.	Price at which the transaction is proposed
12.	Current market price (as on date of application)
13.	Whether the proposed transaction will be through stock exchange or off-market deal
14.	Folio No. / DP ID / Client ID No. where the securities will be credited / debited

I enclose herewith the undertaking signed by me as per the requirements of the Code.

All capitalized terms used herein but not defined shall have the same meaning as has been assigned to the terms in the Code.

Yours faithfully, Signature: Name:

ANNEXURE - II

FORMAT OF UNDERTAKING TO BE ACCOMPANIED WITH THE APPLICATION FOR PRE-CLEARANCE UNDERTAKING

Date:

To

The Compliance Officer,

KISAAN PARIVAR INDUSTRIES LIMITED

15-31-S3/MMC/712, 7th Floor Manjeera Majestic Commercial, KPHB Colony, Kukatpally, Hyderabad -500072

Pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended and the Company’s Internal Code of Conduct for Regulating, Monitoring and Reporting of Trades by Insiders under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (“Code”), I,                     ,                     of the Company residing at                 , am desirous of Trading in securities of the Company as mentioned in my application dated                   for pre-clearance of the transaction.

I am issuing this undertaking pursuant to the Code. I hereby confirm and undertake:

1. that I do not possess any Unpublished Price Sensitive Information;

   
   

2. not to pass on confidential information of the Company to any person directly or indirectly;

3. to report to the Compliance Officer, any non-public information that may be received by me;

4. that in case I have access to or receive ‘Unpublished Price Sensitive Information’ after the signing of this undertaking but before the execution of the Trade, I shall inform the Compliance Officer of the same and I shall completely refrain from Trading in the securities of the Company till such time the Unpublished Price Sensitive Information becomes public;

   
   

5. thatI have not contravened the Code as notified by the Company from time to time;

6. all disclosures made by me in this letter are true and complete; and

   
   

7. That I shall execute my Trade in respect of securities of Kisaan Parivar Industries Limited within seven Trading

Days after the pre‐clearance is given. If the Trade is not executed within seven Trading Days after the approval is given, I shall obtain pre‐clearance for the Trade again.

All capitalized terms used herein but not defined shall have the same meaning as has been assigned to the terms in the Code.

Name:                 

Signature:

ANNEXURE-III

FORMAT FOR PRE-CLEARANCE ORDER

To Name

Designation:

Place:

Sub: Pre-Clearance of transaction in Company’s Securities

Ref: Your application dated               for pre-clearance of transaction for securities of the Company in your name / in the names of                                       .

This is pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Internal Code of Conduct for Regulating, Monitoring and Reporting of Trades by Insiders under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (“Code”).

With reference to your above application seeking pre-clearance of your transaction in securities of the Company, we hereby accord our approval to the proposed transaction.

You may kindly note that pursuant to provisions of the Code, the aforesaid transaction shall be executed within seven Trading Days from the date of receipt of this letter, failing which, an application seeking pre-clearance to the proposed transaction together with undertaking in the prescribed format, shall be made afresh.

In case you do not execute the approved transaction on or before the aforesaid date you would have to seek fresh pre-clearance before executing any transaction in the securities of the Company. Further, you are required to file the details of the executed transactions in the attached format within 2 days from the date of transaction. In case the transaction is not undertaken a ‘Nil’ report shall be filed within 2 trading days of expiry of Pre-clearance approval. You shall not enter into any contra trade within 6 months of such Trade.

All capitalized terms used herein but not defined shall have the same meaning as has been assigned to the terms in the Code.

Yours sincerely,

For KISAAN PARIVAR INDUSTRIES LIMITED

Compliance Officer

ANNEXURE-IV

FORMAT FOR DISCLOSURE OF TRANSACTIONS

(To be submitted within 2 days of transaction / dealing in securities of the Company)

To

The Compliance Officer,

KISAAN PARIVAR INDUSTRIES LIMITED

15-31-S3/MMC/712, 7th Floor Manjeera Majestic Commercial, KPHB Colony, Kukatpally, Hyderabad -500072

Sub: Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended and the Company’s Internal Code of Conduct for Regulating, Monitoring and Reporting of Trades by Insiders under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (“Code”).

I hereby inform that I

• have not Traded in any security of the Company: KISAAN PARIVAR INDUSTRIES LIMITED

• have Traded in               securities as mentioned below on               (date):

Name of the holder	Nature of the Securities and the No. of securities dealt with	Bought/sold/subscribed/others	DP ID/Client ID/ Folio No	Price (Rs.)

In connection with the aforesaid transaction(s), I hereby undertake to preserve, for a period of 3 years and produce to the Compliance Officer / SEBI any of the following documents:

1. Broker’s contract note.

2. Proof of payment to/from brokers.

3. Extract of bank passbook/statement (to be submitted in case of demat transactions).

4. Copy of Delivery instruction slip (applicable in case of sale transaction).

I agree to hold the above securities for a minimum period of six months. In case there is any urgent need to sell these securities within the said period, I shall approach the Compliance Officer for necessary approval.

I agree not to execute any contra trade transaction for a period of six months from the date of aforesaid transaction in the securities of the Company.

I declare that the above information is correct and that no provisions of the Company’s Code and/or applicable laws/regulations have been contravened for effecting the above said transaction(s).

All capitalized terms used herein but not defined shall have the same meaning as has been assigned to the terms in the Code.

Name: Designation: Signature: