What is 'Vigil Mechanism'? Explain briefly the provision under SEBI Listing Obligations & Disclosure (LODR) Regulations 2015.

Answer 6(b) Vigil Mechanism The Vigil Mechanism is for elimination of malpractices in the system. This policy encourages all the employees, officers, consultants to come out with their complaints regarding any kind of misuse of Company's properties, mismanagement or wrongful conduct prevailing in the Company, if any. Vigil Mechanism [Regulation 22 of SEBI (LODR) Regulations, 2015 read with Section 177(9) of the Companies Act, 2013] The listed entity shall devise an effective vigil mechanism/whistle blower policy enabling stakeholders, including directors, individual employees and their representative bodies, to freely communicate their concerns about illegal or unethical practices. The vigil mechanism shall provide for adequate safeguards against victimization of director(s) or employee(s) or any other person who avail the mechanism. The vigil mechanism shall also provide for direct access to the chairperson of the audit committee in appropriate or exceptional cases. Details of establishment of vigil mechanism/ Whistle Blower policy disseminated by listed entity on its website.