|CODE OF CONDUCT
|Honest and Ethical Conduct : All directors and senior management personnel shall in relation to the business of the Company act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct.
Conflicts of Interest : The directors and senior management personnel should be scrupulous in avoiding‘conflicts of interest’ with the company. In case there is likely to be a conflict of interest, in the case of a
senior management personnel he/she should make full disclosure of all facts and circumstances thereof to
the Managing Director and a prior written approval should be obtained. In case there is likely to be a
conflict of interest in the case of Managing Director, he should make full disclosure of all facts and
circumstances to the Chairman of the Board. The Chairman and any Director of the Board in like
circumstances should make full disclosures to the Board.
Confidentiality : The Director and senior management shall maintain the confidentiality of confidential
information of the Company or that of any customer, supplier or business associate of the Company to
which Company has a duty to maintain confidentiality, except when disclosure is authorised or legally
mandated. The Confidential information includes al non-public information (including private, proprietary,
and other) that might be of use to competitors or disclosure of which might be harmful to the Company or
its associates. The use of confidential information for his/her own advantage or profit is also prohibited.
Corporate Opportunities : The Directors and Senior Management are prohibited from:
- Taking for themselves personally, opportunities that are discovered through the use of Company’s
property, information or position.
- Competing directly with the business of the Company or its proposed diversification plans.
|Compliance with Laws, Rules and Regulations : The Directors and senior management shall endevour
compliance with all applicable laws, rules, and regulations applicable to the Company. Transactions,
directly or indirectly, involving securities of the Company should not be undertaken without complying with
Code of Conduct for Prohibition of Insider Trading.
Compliance with Code of Conduct : Each director and senior management personnel shall adhere to
this code of conduct and affirm compliance with the code as of 31st
December, 2009 and thereafter on an
annual basis. Violation of this Code will lead to appropriate action.
Waivers, Interpretation and Amendments of the Code of Conduct : Any waiver of the provisions of
this code shall be approved by the Board of Directors of the company.
The Board of Directors of the company will handle any question or interpretation under this Code.
The code shall be reviewed continuously and any amendment to the provisions of this code must be
approved by the Board and promptly disclosed on the Company’s website and in applicable regulatory
filings pursuant to applicable laws and regulations together with details about the nature of amendment.