The adoption of this Code of Conduct (“the Code”) by the Board of Directors stems from the fiduciary responsibility that the Directors and Management have towards the stakeholders in the Company. Directors and Management will act as trustees in the interests of all stakeholders of the Company, by balancing conflicting interests, if any, between stakeholders. The Code of Conduct encompasses the following:
Ethical and Moral Behaviour
Business shall be conducted ethically without committing, condoning or ratifying illegal or immoral acts. Standards of fair dealing and personal integrity will be observed. An environment free from harassment, discrimination and exploitation will be maintained.
Conduct of Business
Conduct of the business will be consistent with the Core Values, which are as under :
- Customer Sovereignty
- Passion for Excellence
- Continuous Innovation
- Transparency & Integrity
- People Orientation
- Social Responsibility
Safety, Health and Clean Environment
In all aspects of the Company's operations, the safety and health of its employees and other stakeholders, and the cleanliness of the environment will be given prime importance.
Conflict of Interest
- Conflict Situations: Any relationship, influence, or activity that may impair the ability to make objective and fair decisions is to be avoided.
- Disclosure of Interest: Any financial or other material interest by oneself or through relatives or organizations in any contract with the Company (including vendors and customers), shall be disclosed at first opportunity.
- Competing with the Company: Acceptance of any position of influence or of pecuniary interest in any other organization, whose business is in direct competition with that of the Company is to be avoided.
- Use of Company's Resources, Assets and Property: Resources, Assets and Property of the Company are to be used solely for the benefit of the Company. Opportunities discovered through the use of corporate property, information or position shall not be exploited for personal gain unless the opportunity is disclosed fully in writing to the Company for its approval.
Confidentiality of Information
Any confidential information (electronic or otherwise) relating to the Company and its intellectual property, including technology, business processes, customers and vendors, shall not be divulged.
Compliance with Laws, Rules and Regulations
All laws, rules and regulations are to be complied with. The compliance and reporting systems established should be adhered to.
Directors and Management Personnel shall not derive benefit or assist others to derive benefit by giving investment advice from his or her access to material, non-public information about the Company. They will comply with insider trading guidelines as issued by SEBI and the Prevention of Insider Trading Code as issued by the Company, from time to time.
Alignment on Political Matters
The Board members / senior management personnel shall be committed to, and support a functioning democratic constitution with a transparent and fair electoral system in India. They shall not support, directly or indirectly, any specific political party or candidate for political office, without appropriate approvals. The Company shall not offer or give any Company funds or property as donations, directly or indirectly, to any specific political party, candidate or campaign if it violates any law.
Once every year or upon revision of this Code, every Director/Senior Management Personnel must acknowledge and execute an understanding of the Code and an agreement to comply. New Directors and Senior Management Personnel will sign such a deed at the time of their appointment.