CORPORATE GOVERNANCE & COMPLIANCE STATEMENT

This Corporate Governance & Compliance Statement (“Statement”) outlines the governance practices, statutory adherence protocols, oversight frameworks, and organisational accountability mechanisms adopted by Bani Global Industries LLP (“Company”, “We”, “Us”, “Our”).

The Company is a limited liability partnership registered under the Limited Liability Partnership Act, 2008, having its registered office at:

203, A/3, Kundan Mansion, Turkman Gate,
Asaf Ali Road, Central Delhi – 110002, India.

Bani Global Industries LLP is formerly known as Bani Loungewear LLP. The name change reflects the Company’s strategic transition to a diversified, multi-sector corporate structure.

As the corporate parent to multiple business verticals, brands, and subsidiaries, the Company is committed to transparency, regulatory compliance, ethical conduct, and adherence to industry standards.

Our governance framework is built on the following principles:

• Integrity and ethical conduct
• Accountability and transparency
• Compliance with applicable laws
• Protection of stakeholder interests
• Responsible corporate leadership
• Robust internal controls
• Sustainable and risk-aware decision-making

We aim to align our governance culture with national legal requirements and internationally recognized best practices.

The Company complies with all applicable central, state, and sector-specific laws, including but not limited to:

• Limited Liability Partnership Act, 2008
• Information Technology Act, 2000
• SPDI Rules, 2011
• Income Tax Act, 1961
• GST laws and regulations
• Copyright Act, 1957
• Trademarks Act, 1999
• Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
• Contract Act, 1872
• Applicable labour laws
• Relevant commercial, sectoral, and municipal regulations

The Legal Department ensures continuous monitoring and compliance across all governed units.

As part of the Company’s restructuring, the former entity name “Bani Loungewear LLP” now functions only as a legacy reference and is no longer an operating LLP name. All corporate activities are now housed under the umbrella of Bani Global Industries LLP.

The Company provides governance oversight across all associated brands and business units, including:

• Laddynest (Luxury Nightwear & Loungewear Brand – operated under Bani Global)
• Corporate Travel & Hospitality Division
• Technology & Digital Platforms
• Procurement, Vendor, and B2B Ecosystems
• Logistics and Operational Support Functions

Each business vertical must adhere to:

• Group governance policies
• Statutory requirements
• Contractual frameworks
• Data privacy protocols
• Ethical business conduct guidelines

The Company maintains a structured compliance management system comprising:

5.1 Legal & Regulatory Monitoring

Continuous review of provisions issued by MCA, GST authorities, Income Tax Department, and other regulators.

5.2 Internal Controls & Risk Management

Includes SOPs, quality controls, data governance, cybersecurity, vendor verification, and contract risk assessments.

5.3 Internal Audits

Periodic internal audits are conducted to validate compliance health.

5.4 Escalation Framework

Non-compliance issues must be promptly escalated to the Legal Department.

The Company enforces a zero-tolerance position toward:

• Fraud
• Bribery
• Corruption
• Misrepresentation
• Conflicts of interest

All employees, vendors, and stakeholders are required to follow ethical business conduct.

We uphold compliance with:

• Information Technology Act, 2000
• SPDI Rules, 2011
• Industry-recognized security standards

Measures include encryption, controlled access, risk assessments, cybersecurity monitoring, and periodic reviews.

The Company fully complies with the POSH Act, 2013, including:

• Formation of Internal Committee (IC)
• Structured inquiry mechanism
• Confidential reporting framework
• Mandatory awareness programs

A formal POSH Policy is published on the Website.

The Company is committed to:

• Ethical stakeholder engagement
• Environmentally responsible operations
• Social responsibility initiatives
• Transparent corporate citizenship

The Website serves as an official channel for:

• Corporate updates
• Legal policies
• Governance disclosures
• Brand and subsidiary information
• Statutory contact references

The Company reserves the right to revise or update this Statement in line with:

• Regulatory developments
• Business expansion
• Policy improvements

Revised versions will be published on this Website.

Legal Department
Bani Global Industries LLP
Email: legalteam@baniglobal.in

Registered Office:
203, A/3, Kundan Mansion, Turkman Gate,
Asaf Ali Road, Central Delhi – 110002