All Directors and Senior Management must act within the bounds of 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/Stakeholders.
With a view to maintain the high standards that the Company requires, the following rules/ code of conduct should be observed in all activities of the Board. The company appoints the company Secretary as a compliance officer for the purpose of safeguarding the code, who will be available to Directos and Senior Management, to answer questions and to help them comply with the code.
All Directors shall conduct their activities on behalf of the Company and on their personal behalf with honesty, integrity and fairness. All Directors will act in good faith, with a fair sense of responsibility, competence, diligence and care, and without allowing their independent judgement to be subordinated. Directors will act in the best interest of the Company and fulfil all fiduciary obligations.
Directors on the Board of the Company shall not engage in any business, relationship or activity, which may be in conflict of interest with the Company of the group.
Conflict can arise in many situations. It is not possible to cover every possible conflict situatin and at times, it will not be easy to distinguish between proper and improper activity. Set forth, are some of the common circumstances that may lead to a conflict of interest, actual or potential.
Directors should not engage in any activity/employment that interferes with the performance or responsibilities to the company or is otherwise in conflict with or prejudicial to the Company.
Directors should avoid conducting Company business with a relative or with a firm/company in which a relative/related party is associated in any significant role.
If such related party transaction is unavoidable, it must be fully disclosed to the Board of the Company.
Directors are requested to comply with all applicable laws, rules and regulations, both in letter and spirit. In order to assist the company in promoting lawful and ethical behaviour, Directors must report any possible violation of law, rules, regulation or te code of conduct to the Company Secretary.
The Company feels that serving on the Board of Directors of other companies may raise substantial concerns about potential conflict of interest. And therefore, all Directors must report/ disclose such relationships to the Board on an annual basis. It is felt that service on the Board of a direct competitor is not in the interest of the company.
The Company feels that serving on the Board of Directors of other companies may raise substantial concerns about potential conflict of interest. And therefore, all Directors must report/ disclose such relationship to the Board on an annual basis. It is felt that service on the Board of a direct competitor is not in the interest of the company.
Any Director of the Company shall not derive benefit or assist others to derive benefit by giving investment advice from the access to and possession of information about the company that is not in public domain which therefore, constitutes insider information. All Directors will comply with insider trading guidelines as issued by SEBI.
No Director of the Company shall receive or offer, directly or indirectly, any gifts, donations, remuneration, hospitality, illegal payments and comparable benefits which are intended (or perceived to be intended) to obtain business (or uncompetitive) favours or decisions for the conduct of business. Nominal gifts of commemorative nature for special events may be accepted and reported to the Board.
Directors must protect the company’s assets, labour and information and may not use these for personal use, unless approved by the Board.
Every Director must acknowledge and execute an understanding of the code and give an undertaking comply. New Directors will sign such an undertaking at the time when their directorship begins.