BEHAVIOURAL CODE:
Equal Opportunities
The Management shall provide equal opportunities to all its employees for growth and promotion without regard to their race, caste, religion, colour, marital status, sex, age, nationality and disability. Recruitment will be done on the basis of merit alone. The Management shall treat all its employees with dignity.
Shareholders
The Management shall be committed to enhance shareholders value and shall ensure compliance with all the laws, rules, regulations and enactments that governs shareholders’ right.
Protection of Assets
The Management shall protect the assets and properties of the Company to ensure its efficient use for legitimate business purposes only.
Gifts and Donation
In dealing with outside business associates, the Management shall not receive ‘directly’ or ‘indirectly’ any payment, remuneration, gifts, favours or any benefits, which are intended or can be perceived as being given to gain favour.
Responsible Communication
It is expected that the Management will engage in responsible communication and will avoid loose talk about its people and its businesses. Criticism about a person or a section of the organisation is shared only with the people concerned, with a view to resolving the issue and not aired publicly to outsiders.
Use of Entitlements
All entitlements permitted by the Company are expected to be used with a sense of responsibility and not as a matter of right. The higher the entitlements, the higher the responsibility.
Concurrent Employment
The Management shall not without the prior approval of the Board accept part time employment or a position of responsibility (such as a consultant or a director) with any other organisation for remuneration or otherwise, nor provide ‘free-lance’ services to anyone.
Encouraging the reporting of illegal or unethical behaviour
The Management should endeavour to promote ethical behaviour and to encourage employees to report evidence of illegal or unethical behaviour to the appropriate personnel.
Conflict of Interest
The Management should avoid scrupulously areas of conflict of interest. Wherever the conflict of interest does arise, the Management commits to make fullest disclosure of all facts and circumstances to the Board of Directors to maintain high standard of transparent behaviour.
Fair Dealing
The Management shall deal fairly with its customers, suppliers, competitors, business associates and employees. It shall not take unfair advantage from any customers / suppliers etc. through manipulation, concealment, undue influence, abuse of proprietary / trade secret information and misrepresentation of facts and any other.
Confidentiality
The Management shall maintain total and complete confidentiality as regards information of the Company. Sensitive and strategic information, to which the Management has or gets an access, must be shared with discretion and under proper authorisation so that it is not used against the interests of the organisation. Also such information must not be used for one’s personal advantage.
Legal Compliance
The Management shall comply with all the applicable laws, rules, regulations and enactments. The Management shall conduct and perform their duties and responsibilities in accordance with the provisions of the listing agreement of stock exchanges where the securities are listed.
Interpretation of Code
Any question or interpretation issue under this Code of Conduct shall be handled by Board of Directors. The Board of Directors has the authority to waive compliance of this Code of Conduct with reference to any particular Management personnel. The person requesting the waiver of this Code shall make full disclosure of the particular circumstances under which waiver is sought to the Board of Directors.
Waiver
Any
waiver of any provision
of this Code of
Conduct must be
placed for approval
before the Board
of Directors.
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