DIVIDEND DISTRIBUTION POLICY
CODE OF CONDUCT
The Company is in practise of good Corporate Governance and by the approval of its Board of Directors, it has laid down a “Code of Conduct” for its Board of Directors, Key Managerial Personnel and other Senior Executives. The Company commits to create a safe, supportive and productive work environment and expects its officials to strive for the same in their day to day activities and maintain the standard of business conduct of the Company in accordance with the Vision & Mission of the Company.
The Policy should be read and understand in accordance with the applicable Laws, Acts, Rules, Regulations and amendments or modifications, as made from time to time by the operation of the Governing Laws. Any clarification in the subject matter shall be addressed by the Company Secretary of the Company.
CODE OF CONDUCT FOR PROHIBITION OF INSIDER TRADING
VIGIL MECHANISM (WHISTLE BLOWER POLICY)
The Companies Act, 2013 and the Listing Agreement requires that every listed company shall establish a Vigil Mechanism (Whistle Blower Policy) for the Directors and Employees of the Company to report instances of unethical behaviour, actual or suspected fraud or violation of the Company Code of Conduct. The Vigil Mechanism shall provide for adequate safeguards against victimization of persons who use such mechanism and also make provision for direct access to the Chairman of the Audit committee in appropriate and exceptional cases.
Accordingly, the Company in practise of good Corporate Governance, established a Vigil Mechanism (Whistle Blower Policy), approved by the Board of Directors of the Company.
LETTER OF APPOINTMENT – INDEPENDENT DIRECTORS
CORPORATE SOCIAL RESPONSIBILITY POLICY
NOMINATION, REMUNERATION EVALUATION POLICY
POLICY ON PRESERVATION OF DOCUMENTS
The Company in accordance with the requirements of the Regulation 9 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015 (‘’Regulations’’) has framed and implemented the Policy on preservation of documents (‘’Policy’’) of the Company, duly approved by its Board of Directors.
FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS
The Company in accordance with Clause 49 of the Listing Agreement with the Stock Exchanges, has been initiatives to familiarize its Independent Directors (IDs) with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the company operates, business model of the company.
POLICY ON ARCHIVAL OF DOCUMENTS
The Company in accordance with the requirements of the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Regulations”) has framed and implemented the Archival Policy (“Policy”) of the Company, duly approved by its Board of Directors.
POLICY ON DISCLOSURE OF MATERIAL EVENTS
POLICY ON RELATED PARTY TRANSACTIONS
The Company recognizes the potential conflict of interest between the Company and its stakeholders in case the Company enters into contracts/arrangements with its related party and considering such transactions are at the best interest of both the parties in the given situation. Related Party Transaction Policy of the Company is meant to provide a framework to regulate transactions between the Company and its related parties based on applicable laws and regulations.
POLICY FOR DETERMINATION OF MATERIALITY OF EVENTS OR INFORMATION AND ITS DISCLOSURE
The Company in accordance with the requirements of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Regulations”) has framed and implemented the Policy for determination of materiality of events or information and its disclosure (“Policy”), duly approved by its Board of Directors.
TERMS & CONDITIONS OF APPOINTMENT OF INDEPENDENT DIRECTORS
The Company has adopted the provisions with respect to terms & conditions of appointment of Independent Directors of the Company, which is in consistent with the Companies Act, 2013 and the Listing Agreement, as applicable. Adherence to these standards of Independent Directors & fulfilment of their roles and responsibilities in a professional & faithful manner,will promote confidence of stakeholders & statutory regulators and will also result in overall growth of the Company.