SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 specifies that every listed entity shall formulate an Archival Policy for disclosures hosted on the website of the Company.
2.0 Objectives of the Policy
The objective of this Policy is to determine the period for which the material events or information disclosed to Stock Exchange and such disclosures hosted on the website of the Company shall be retained on the website of the Company.
3.1 The Company shall disclose on its website all such material events or information,which has been disclosed to stock/exchange(s) and such disclosure shall be hosted on the website of the Company for a minimum period of five years and thereafter the Document may thereafter be shifted to the Archive Section of the website, where it shall be retained for a minimum period of three years, after which it may be removed from the website.
3.2 Notwithstanding the above, the Management shall have the discretion to host any of such
documents on the website of the Company for such additional period as the management may deem fit on a case to case basis.
3.2 The terms used in this Policy shall have the same meaning as defined in the Companies Act, 2013, the Listing Agreement, Regulations or any other applicable law or regulation to the extent applicable to the Company.
3.3 The Policy is effective with immediately effect.
4.1 Where the terms of this Policy differ from any existing or newly enacted law, rule, regulation, the law, rule, regulation will take precedence over this Policy from the effective date of such law, rule or regulation.
4.2 The provisions of the Companies Act, 2013 and the Listing Regulations shall be deemed to have been mutatis mutandis specifically incorporated in this Policy and in case any of the provision of this Policy is inconsistent with the provisions of Act and/or the Listing Agreement, the provisions of Act and/or the Listing Agreement shall prevail.
4.3 For interpretation of this Policy, reference and reliance may be placed upon circulars/clarifications issued by the Ministry of the Corporate Affairs or Securities and Exchange Board of India and/or any other authority.
5.0 Review & Amendment
The Policy shall be reviewed as and when required to ensure that it meets the objectives of the relevant regulation and remains effective. The Executive Management Committee has the right to change/amend the policy at any time at its discretion and the new policy shall be displayed to the stakeholders.