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Code of Business
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CODE OF BUSINESS CONDUCT AND ETHICS FOR BOARD MEMBERS AND SENIOR
MANAGEMENT OF THE COMPANY
All Members of the Board
of Directors and the senior management of the Company must act
within the authority conferred upon them and with a duty to make and
enact informed decisions and policies in the best interests of the
company and its shareholders.
In order to maintain the
high standard that the company requires, the following rules/code of
conduct should be observed in all activities of the Board.
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All directors and
the senior management shall act in good faith and conduct their
activities on behalf of the company with honesty, integrity,
fairness and adopt the highest standards of personal ethics.
They shall act responsibly, with due care, competence and
diligence and in the best interests of the company.
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All directors and
the senior management are required to comply with all applicable
laws, rules and regulations. In order to assist the company in
promoting lawful and ethical behavior, directors must report
any possible, violation of law, rules, regulations or the code
of conduct to the Company secretary.
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The directors on the
Board of the company are expected to disclose full details of
any direct or indirect personal interests in dealings /
transactions with the company. Every such transaction shall be
notified to the audit Committee at the beginning of the
transaction or at the first time after coming to know of the
transaction. They shall not be party to transactions or
decisions involving conflict between their personal interest and
the Company's interest.
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No director of the
Company shall derive benefit or assist others to derive benefit
by giving investment advice from the access to and possession of
information about the company, not in public domain and
therefore constitutes insider information. All Directors will
comply with insider trading guidelines as issued by Securities
and Exchange Board of India (SEBI) as well as the Company's Code
of Conduct formulated under SEBI (Prohibition of Insider
Trading) Regulations, 1992.
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All Directors and
senior management of the Company must protect the Company's
assets, labour and information and may not use these for
personal use, unless approved by the Board.
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No member of the
Board and senior management of the Company shall receive or
offer, directly or indirectly, any gifts, donations,
remuneration, hospitality, illegal payments to obtain business
favours or decisions for the conduct of business.
All the members of the
Board and senior management of the Company shall always abide by the
above Code of Conduct and shall be accountable to the Board. The
Company will take appropriate action against any employee whose
actions are found to violate these policies
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