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E-waste program
At WAISL LIMITED, The PRO is implementing a sustainable, cost-effective, and environmentally sound collection and recycling mechanism that is consistent with the industry objectives and in compliance with the E-waste (Management) Rules 2016 we believe that it is our responsibility to ensure that we do business in such a manner that it enriches our environment and planet. That’s why we make sure that we deliver innovative and Eco-friendly products to our consumers. We are committed to product stewardship through the life cycle of our electronics, and ensure compliance with E-waste rules in India.
About E-waste
E-waste has been defined as “waste electrical and electronic equipment, whole in part or rejects from their manufacturing and repair process, which are intended to be discarded.” In other words, E-waste or Waste Electrical and Electronic Equipment is the term used to describe old, end-of-life or discarded appliances using electricity. With the increase in usage and dependence on electrical and electronic gadgets such as washing machines, refrigerators, air conditioners etc. there has been increase in E-waste generation in large quantities. A UN report estimates that the world wide generation of E-waste is around 30 to 50 Million tone per Annum. E-waste generally consists of those substances which are hazardous for environment and can seriously affect the health of the human beings.
Benefits of recycling of old electronic products/why recycle?
1. Saves Natural Resources:
There is a need to encourage recycling of all useful and valuable material from E-waste so as to conserve the ever depleting natural resources. Recycling end-of-life products is vital if we are to save resources and minimize waste.
2. Reduces Environmental Pollution:
Scientific disposal of E-waste reduces the environment pollution. Moreover, making products from recycled materials creates less air and water pollution than making products from virgin materials.
3. Alternate Resource:
With virgin resources facing rapid depletion, E-waste can be a good alternate resource since it contains many valuable and recoverable materials such as aluminum, copper, gold, silver and ferrous materials.
Negative consequences of disposal of product in an unscientific manner
1. Health Risks:
E-waste-connected health risks may result from direct contact with harmful materials such as lead, cadmium, chromium, brominated flame retardants or polychlorinated biphenyls (PCBs), from inhalation of toxic fumes, as well as from accumulation of chemicals in soil, water and food.
2. Children Are Vulnerable:
Children require more specific protection from E-waste exposure. As they are still growing, their air, water and food intake is more as compared to adults- and with that the risk of hazardous chemical absorption. Moreover, it may cause an irreversible damage to their central nervous system, immune system, reproductive and digestive system.
3. Environmental Degradation:
Oil and gases which are present in E-waste such as compressor and CRT causes environmental pollution. Burning of rubber and plastic in open area causes air pollution.
Accidental breakage/damage of electronics & E-waste :
Accidental breakage and damage of electronics and E-waste can pose a threat to the environment. As long as the toxic components in electronics are enclosed within the original manufacturer’s designed outer-shell of the gadget, they don’t pose much of a danger as they have been engineered to contain any such effects. However, accidental breakage or damage of such electronics or E-waste can lead to toxic elements leaking and contaminating their immediate environment. Damage to the environment due to accidental breakage of E-waste is a major concern in informal E-waste disposal and recycling facilities, so consumers need to ensure that they dispose their E-waste only at authorized E-waste Recycler.
Brief about E-waste (Management) rules 2016
The E-waste (Management) Rules, 2016 have been notified with primary objective to channelize the E-waste generated in the country for environmentally sound recycling which is largely controlled by the UN-organized sector who are adopting crude practices that results into higher pollution and less recovery, thereby causing wast ages of precious resources and damage to environment.
Guidelines for customers on the disposal of end-of-life products
Collection Methods
Own Collection Center
As required by the regulatory bodies, the Ewour Waste Management Pvt Ltd. shall establish collection centers to drive own collection. Own collection centers will be one source of achieving the required overall volumes. Collection centers will be either fully owned by the Ewour PRO or will be outsourced to PRO partners. Collection centers will be secured with metal detectors, CCTV cameras and equipped with collection containers. There will be a registration desk where a collector accepts and registers the equipment into the IT system. All staff will wear safety equipment including helmets, safety shoes, gloves, goggles. The collection and operations staff will be trained and the collection centers will adhere to Environmental Health and Safety Management Standards (EHSMS) standards. Each collection centers will have its own management team, recruited collectors, security and helpers to store and manage the collected e-waste. Collectors will own vehicles, bikes and tricycles to support collection. Collection centers will aim at integrating low skilled labor into the formal e-waste collection. The PRO will cooperate with experts in the area to create the most effective incentives to integrate the informal channel into the overall collection process
Bulk customer Pickup
The Ewour Waste Management Pvt Ltd. will operate a system for managing pickups from Bulky customers as defined in E-waste (Management) Rules 2016. The PRO will approach bulky customers proactively in order to encourage them to shift their used products into the PRO network. It is assumed; initially the PRO will have to purchase this material. There will be a web form and a toll-free number set up to facilitate the management of the collection pickup requests and once confirmed, the PRO will dispatch the pickup request to the optimal service provider (depending on their capabilities, coverage, quality and price) to be auctioned.
How to drop off products at our collection point?
Here are the steps you need to follow when dropping off your electronics item at our Collection Point:
- Pack the electronics item in light packaging, so that the device is secured inside safely.
- Identify the Collection Point in your state through customer care.
- Take the packaged product to the Collection point.
- At the Collection Point, you will be provided with a form. Please fill in the necessary details.
- Now submit the product package along with the filled up form at the Collection Point.
This way, the appliance recycling organized by Ewour Waste Management Pvt Ltd. will be done under best possible conditions, in compliance with E-waste Management and Handling Rules on Waste Electrical and Electronic Equipment. We thank you for fulfilling your responsibility towards environment.
Ewour Waste Management Pvt Ltd. As part of this partnership with Ewour Waste Management Pvt Ltd. the company will ensure environmentally sound management of electronics that have reached their end of life phase. Ewour Waste Management Pvt Ltd. has obtained all the necessary authorizations from the appropriate governmental agencies for their processing facilities. Ewour Waste Management Pvt Ltd. ensures proper recycling and disposal of e-waste. This helps us protect the environment from any hazardous consequences, which would be otherwise caused by the inappropriate waste management of e-waste.
Do’s and don’ts for customers
Do’s
- Your application has been submitted.
- Always look for information on the Catalog with your product for end-of-life equipment handling.
- Ensure that only Ewour repair and handle your electronic products
- Always call Local Ewour PRO to dispose products that have reached end-of life
- Always drop your used electronic products, batteries or any accessories when they reach the end of their life at your nearest Ewour PRO Call Center
- Wherever possible or as instructed, separate the packaging material according to responsible waste disposal options and sorting for recycling.
- Always disconnect the battery from product, and ensure any glass surface is protected against breakage.
Don’ts
- Do not dismantle your electronic products on your own.
- Do not throw electronics in bins having “Do Not Dispose” sign.
- Do not give E-waste to informal and unorganized sectors like Local Scrap Dealer/ Rag Pickers.
- Do not dispose your product in garbage bins along with municipal waste that ultimately reaches landfills.
Collection Points/Drop Points
You can find your nearest Collection Points Click here
FAQ’s
- Do consumers have to pay for getting their electronics recycled?Consumers do not have to pay any fee for recycling of WAISL LIMITED Product/used in India.
- Is there any monetary benefit/discount linked to this take-back and recycling program?As of now there is no monetary benefit/discount linked to this program, however one can check for latest discounts/offers for exchange at your nearest WAISL LIMITED., Branch. The main benefit of this program is cleaner, safer and greener environment.
- Which WAISL LIMITED. Product can be recycled through this initiative?Currently the initiative covers pick up of e-waste related to only Hard Drives, Electric and Electronic Equipment.
- Do consumers have to pay to get their WAISL LIMITED. Product disposed?Consumers do not have to pay for safe disposal of their appliances through WAISL LIMITED., Product. Authorized PRO .
- Can we dispose any old product through WAISL LIMITED. Product. authorized PRO recyclers /agents? No. You can dispose only WAISL LIMITED Product through our PRO recyclers/agents.
- Is it possible to dispose of the products from anywhere in India, and how much time will it take?Yes it is possible and it will take about 5- 10 days to get the products picked by our authorized PRO from the time of the first call made to call center.
In case of any queries regarding the proper disposal and /or recycling of electronics, consumers can contact the helpdesk (Toll free) at:
Email: [email protected]
Introduction
WAISL Limited is a leader in the adoption and implementation of ethical management practices. To further this approach, as well as to comply with the applicable provisions of the Companies Act, 2013 (hereinafter referred to as the ‘Act’) and the rules made thereunder, WAISL Limited has decided to adopt a vigil mechanism which can be referred to as the Whistle Blower Policy.
This Policy provides a platform for Directors, employees and stakeholders to raise genuine concerns and grievances by internally disclosing information which they believe show serious malpractice, impropriety, abuse or wrongdoing within the Company, or in the dealings of the Company with other persons or constitutes a violation of the WAISL’s Code of Business Conduct and Ethics Policy (hereinafter referred to as a “Concern”).
Applicability
Pursuant to Section 177(9) of the Companies Act, 2013, read with Rule 7 of Companies (Meeting of Board and its Powers) Rules, 2014 provides a mandatory requirement, for all unlisted companies which has borrowed money from banks and public financial institutions in excess of Rs. 50 Crores to establish a mechanism called “Vigil Mechanism” for their directors and employees to report their genuine concerns or grievances.
Scope
It covers all the Permanent employees and Director of the Company.
Definition
- The Company means “WAISL LIMITED.”
- Employees mean all permanent employees of the Company.
- Directors means define as per Section 2(36) of the Companies Act, 2013.
- Audit Committee shall mean a Committee of Board of Directors of the Company,constituted in accordance with provisions of Section 177 of Companies Act, 2013.
- Policy or This Policy means, “Vigil Mechanism Policy.”
Interpretation
Terms that have not been defined in this Policy shall have the same meaning assigned to them in the Companies Act, 2013 read along with the rules as amended from time to time.
Guidelines
Protection under Policy
The vigil mechanism shall provide adequate safeguards against victimization of employees and directors who avail of the vigil mechanism and report their genuine concerns or grievances.
Disclosure & Maintenance of Confidentiality
Employees and directors shall report through e-mail addressed to [email protected].Confidentiality shall be maintained to the greatest extent possible.
Frivolous complaints
In case of repeated frivolous complaints being filed by a director or an employee, the audit committee or the director nominated to play the role of audit committee may take suitable action against the concerned director or employee including reprimand.
Procedure
- Any employee or director shall submit a report of the genuine concerns or grievances to the Audit Committee
- An audit committee shall oversee through the committee and if any of the members of the committee have a conflict of interest in a given case, they should recuse themselves and the others on the committee would deal with the matter on hand
- In exceptional case, the vigil mechanism shall provide direct access to the Chairperson of the Audit Committee or the director nominated to play the role of Audit Committee
- Audit Committee shall appropriately investigate all grievances received. In this regard, Audit Committee to investigate into the matter and prescribe the scope and time limit, therefore
- Audit Committee shall have right to outline detailed procedure for an investigation
- The Audit Committee or chairman or the director nominated to play the role of Audit Committee, as the case may be, shall have right to call for any information/document and examination of any employee or director of the Company or other person(s), as they may deem appropriate for the purpose of conducting investigation under this policy
- A report shall be prepared after completion of investigation and the Audit Committee shall consider the same
- The decision or direction of Audit Committee shall be final and binding
Modification
This policy can be changed, modified, or abrogated at any time by the Audit committee of the Company.
Notification
The Compliance Officer shall be responsible for intimating to all Directors and Departmental heads of any changes in policy.
This policy as amended from time to time shall be disclosed by the company on its website and in the Board’s report.
Sudhir Maheshwari is the Founder and Managing Partner of Synergy Capital Corp. LLP. Over a 35-year career, Sudhir has had a varied and extensive experience in multiple areas, geographies and sectors and has lived and worked globally.
Sudhir was a leading and integral part in the creation of ArcelorMittal, the world’s largest steel company. He spent 27 years with ArcelorMittal, where he was a member of the Group Management Board, Alternate Chairman of the Corporate Finance & Tax Committee and the Chairman of the Risk Management Committee. On the Group Management Board, his responsibility included corporate finance, mergers, acquisitions and divestments; risk management; and India and China operations. He led most acquisitions, divestments and growth plans of the Group. Since the Global Economic Crisis of 2008, he was also responsible for key restructuring and special situations. Sudhir played a key role in all financing and tax structuring activities of the company. His experience extends to almost all types of financing, including debt, equity and equity-linked products. Many of the acquisitions and financings have won awards for being groundbreaking and innovative. The IPO in 1997, the 2006 financing to acquire Arcelor, and the refinancing post the 2008 global economic crisis, including equity raises in 2009 and 2013, are some key award-winning accomplishments.
Sudhir also managed Mittal Investments from 2008 until 2015. In this role, he structured equity investments of $ 1.5bn in assets of $ 8bn in natural resources, cement and infrastructure. His responsibilities included all aspects of the investment process, including deal sourcing, analysis, negotiation, execution, management, joint venture management and exits.
Sudhir is a Fellow of The Institute of Chartered Accountants of India and The Institute of Company Secretaries of India and an Honours Graduate in Accounting and Commerce from St. Xavier’s College, Kolkata. Sudhir is a British citizen of Indian origin living in Dubai and London and speaks English, Hindi, Bengali and basic German.
Davinder has had a successful career at ArcelorMittal spanning over twenty years, of which the last ten years were served at the Group Management Board level.
Davinder led large businesses during his time at and within ArcelorMittal: as Senior Executive Vice-President and CEO of Africa & CIS, he was responsible for the mining and steel businesses in South Africa, Ukraine, Kazakhstan and Algeria; he oversaw and led ArcelorMittal International, an entity that exported steel products of the ArcelorMittal Group to territories where it did not produce steel; he headed Shared Services responsible for Purchasing, Shipping and Logistics, Legal, IT, Real Estate and By-Products management. He was also the CEO of ArcelorMittal South Africa, a large company quoted on the Johannesburg stock exchange.
In addition, Davinder was a member of ArcelorMittal’s Investment Allocation Committee and the core Mergers & Acquisition team. Davinder acquired highly transferable techno-commercial skills, a global view and expertise in performance audit, benchmarking and restructuring during his 35-year career with ArcelorMittal and Steel Authority of India Limited (SAIL). He is uniquely placed to advise and support businesses in emerging out of crisis and assuming market leadership.
Davinder has an MBA along with an undergraduate honours degree in Physics (B.Sc) and also has a Bachelors of Law (LLB) degree.
Gunjan Beria has over 12 years of experience, having worked in diverse functions and industries, including Deloitte, Ernst & Young and Tata Steel. She has experience in audits, due diligence, transaction management and financial modelling.
Gunjan is a graduate in Commerce and a Chartered Accountant by profession.
Mr SGK Kishore is an Electronics & Communications Engineer from Andhra University and holds a master’s degree in computer science from the Indian Institute of Technology (IIT), Bombay. A Rank holder during Engineering and a Gold Medalist during his Masters with a perfect-10 GPA, Mr Kishore’s illustrious career spans over 30 years across Government and Private sectors.
A 1989 Batch Officer of the elite Indian Administrative Service (IAS), Mr Kishore has held several important positions with the Government of India including:
- District Collector of Palakkad, Kerala
- Vice Chairman of Visakhapatnam Urban Development Authority (VUDA)
- South India Head for Food Corporation of India (FCI)
In 2006, Mr. Kishore resigned from IAS and took up a senior leadership role with the GMR Group. Over the years, within GMR Group, he has been the CEO of major Urban Infra/SEZ & City Development projects. In 2013, he took over as CEO of GMR Hyderabad International Airport with overall responsibility for the unique Hyderabad Airport Eco-system spanning the airport, the Airport City and various allied businesses.
From June 2020, Mr. Kishore took on the role of Executive Director and Chief Innovation Officer for GMR Airports, overseeing the functioning of Hyderabad and other GMR airport sector assets across South India and also leading the innovation efforts across GMR Airports under the ‘GMR Innovex’ banner.
Mr. Arun Balakrishnan superannuated as Chairman & Managing Director of Hindustan Petroleum Corporation Ltd (HPCL), a Fortune 500 Company, in 2010 after having joined the company as a Management Trainee in 1976.
A Chemical Engineer, with a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore, he has held functions such as Marketing, Operations, Import-Export, Human Resources, etc. at HPCL. He is also the Founder Chairman of HPCL-Mittal Energy Ltd. (HMEL),a Joint Venture Company of HPCL and L.N. Mittal Investments.
Additionally, Mr. Arun Balakrishnan is a Non-Executive Independent Director on the Boards of a number of prestigious companies in the Oil & Gas, Power, Real Estate, Space, Trading, Commodities Exchange, etc. He is the recipient of “The Distinguished Alumni Award 2008” from his alma mater, the Indian Institute of Management, Bangalore amongst others. In addition, Mr. Arun Balakrishnan has also been appointed as Honorary Chairman of the Institute of Directors, Bangalore.
He is also a Director on the Board of Linde India Limited, Rashtriya E Market Services Private Limited, Haldia Petrochemicals Limited, Pipeline Infrastructure Limited, Brookfield India Infrastructure Manager Private Limited, Yokogawa India Limited and Alphamers Limited.
He has experience of above 43 years since 1978. He was also associated with GMR Group for about 25 years. He has Joined the Group as Vice President- Finance and Company Secretary in 1996.
His experience covers all facets of Management covering Finance, Accounts, Corporate Secretarial services, Corporate Taxation, Administration and Human Resources departments of corporate entities of various industries viz. Steel Trading, Ship Building, Cement, Fertilizers, Bulk drugs, Rice bran oil extraction, Fluorocarbons, Magnetic tapes, Shrimp processing, Road Transport, telecommunications, Ferro Alloys, Sugar, Energy, Infrastructure, Airports and Coal mining.
He has provided services to Group Corporate Services (including Accounting, secretarial and taxation), Founders Business Office and Group Chairman Office of GMR Group.
COMPOSITION OF AUDIT COMMITTEE
- Mr. Arun Balakrishnan, Independent Director – Chairperson
- Mr. Adi Seshavataram Cherukupalli, Independent Director – Member
- Ms. Gunjan Beria, Non-Executive Director – Member
COMPOSITION OF NOMINATION & REMUNERATION COMMITTEE
- Mr. Arun Balakrishnan, Independent Director – Chairperson
- Mr. Adi Seshavataram Cherukupalli, Independent Director – Member
- Mr. Sudhir Maheshwari, Non-Executive Director
COMPOSITION OF CSR COMMITTEE
- Mr. Arun Balakrishnan, Independent Director – Chairperson
- Mr. Adi Seshavataram Cherukupalli, Independent Director – Member
- Mr. Davinder Kumar Chugh, Non-Executive Director – Member
COMPOSITION OF STAKEHOLDER’S RELATIONSHIP COMMITTEE
- Mr. Davinder Kumar Chugh, Non-Executive Director – Chairperson
- Mr. Arun Balakrishnan, Independent Director – Member
- Mr. Adi Seshavataram Cherukupalli, Independent Director – Member
TRUSTEES OF THE BONDS
Name: Catalyst Trusteeship Limited
Regd. & Corp. Address: GDA House, First Floor, Plot No. 85, S. No. 94 &95, Bhusari Colony (Right) Kothrud Pune-411038, Maharashtra, India
Telephone: +22 66807200
E-Mail: [email protected]
Website: www.catalysttrustee.com
Contact Person: Mr. Umesh Salvi
SEBI Registration No.:IND000000034
INVESTOR CONTACT DETAILS
Name: WAISL LIMITED
Contact Person: Ms. Karishma Aggarwal, CS & Compliance Officer
Corporate Address: First Floor, Wing D, Building No 301, Adjacent to New Udaan Bhawan, opposite Terminal 3, IGI Airport, New Delhi, 110037
Regd. Address: No. 109, K.H. Road, Shanthi Nagar, Bangalore – 560027
E-Mail: [email protected]
Website: www.waisl.in
Contact Number: + 91-80-45114500
REGISTRAR AND TRANSFER AGENT
Name: Integrated Registry Management Services Private Limited
Contact Person: Mr. S. Giridhar
Address: No 30 Ramana Residency, 4th Cross Sampige Road, Malleswaram, Bengaluru – 560003,
E-Mail: [email protected]
Website:www.integratedindia.in
Contact Number: (080) 23460815-818