Code of Conduct
This Code of Conduct shall be observed by all the Managerial personnel and all the employees of the Company and shall be in force until further notice:
1. National Interest
The Management of the company shall be committed in all its actions to benefit the economic development of the country. It shall not engage in any activity that adversely affects such an objective. It shall not undertake any project or activity to the detriment of the nation’s interests, or those that will have any adverse impact on the social and cultural life patterns of its citizens. The company shall conduct its business affairs in accordance with the economic, development and foreign policies, objectives and priorities of the Government, and shall strive to make a positive contribution to the achievement of such goals at the national and regional level, as appropriate.
2. Equal-Opportunities Employer
The Management shall provide equal opportunities to all its employees and all qualified applicants for employment, without regard to their race, caste, religion, colour, ancestry, marital status, sex, age, nationality and disability. Employees of the company shall be treated with dignity and in accordance with maintaining a work environment free of sexual harassment, whether physical, verbal or psychological.
Employee policies and practices shall be administered in a manner that ensures that in all matters equal opportunity is provided to those eligible and that decisions are based on merit.
3. Financial Reporting and Records
The Management shall prepare and maintain its accounts fairly and accurately in accordance with the accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards, laws and regulations of the country.
Internal accounting and audit procedures shall fairly and accurately reflect all of the company’s business transactions and disposition of assets. All required information shall be accessible to company auditors and other authorised parties and government agencies. There shall be no willful omissions of any company transactions from the books and records, and no hidden bank account and funds.
Any willful material misrepresentation of and/or misinformation on the financial accounts and reports shall be regarded as a violation of this code, apart from inviting appropriate civil or criminal action under the relevant laws
4. Competition
The Management of the company shall market its services on its own merits and shall not make unfair and misleading statements about competitors’ products and services. Any collection of competitive information shall be made only in the normal course of business and shall be obtained only through legally permitted sources and means.
5. Gifts and Donations
The Management and its employees shall neither receive nor offer or make, directly or indirectly, any illegal payments, remuneration, gifts, donations or comparable benefits which are intended to or perceived to obtain business or uncompetitive favours for the conduct of its business.
The Management and its employees shall not offer or give any company funds or property as donation to any government agencies or their representatives, directly or through intermediaries, in order to obtain any favourable performance of official duties.
6. Health, Safety and Environment
The Management of company shall strive to provide a safe and healthy working environment and comply, in the conduct of its business affairs, with all regulations regarding the preservation of the environment of the territory it operates in. The company shall be committed to prevent the wasteful use of natural resources and minimise any hazardous impact due to use and disposal of any of its products and services on the ecological environment.
7. Quality of Products and Services
The Management of company shall be committed to supplying Engineering and allied services of the highest quality standards to ensure total satisfaction of customers/clients.. The quality standards of the company’s services should meet the required national standards, and the company should endeavour to achieve international standards.
8. Corporate Citizenship
9. Public Representation of the Company and the Subsidiaries
The Management of company shall honour the information requirements of the public and its stakeholders. In all its public appearance with respect to disclosing company and business information to public such as the media, the financial analysts, employees and shareholders, the company or its Subsidiaries shall be represented only by specifically authorised directors and employees. It will be the sole responsibility of these authorised representatives to disclose information of the company and its subsidiaries.
10. Ethical Conduct
Every employee of the company and its subsidiaries, including whole-time directors and the managing director, shall deal on behalf of the company with honesty and integrity, as well as high moral and ethical standards and professionalism which will be free and transparent.
11. Shareholders Values
The Management of company shall be committed to enhance shareholder value and comply with all regulations and laws that govern shareholders’ rights. The board of directors shall duly and fairly inform its shareholders about all relevant aspects of the company’s business, and disclose such information in accordance with the respective regulations and agreements.
Every employee shall be responsible for the implementation of and compliance with this code in his or her professional capacity and the Management is vested with rights to enforce adherence to the Code of Conduct by all employees and to take appropriate disciplinary action as it may deem fit, in the event of non compliance.
12. Regulatory compliance
Every employee of the company shall, in his or her business conduct, comply with all applicable laws and regulations, both in letter and in spirit, in all the Regions in which he or she operates.
13. Concurrent Employment
No employee or Director of the company shall without the prior approval of the managing director of the company, accept concurrent employment or a position of responsibility such as a consultant or a director with any other company, in India or abroad, nor provide ‘freelance’ services to anyone.
14. Conflict of Interest
No employee shall engage in any business, enter into a contractual relationship or activity which might conflict with the interest of the company or its subsidiaries to their detriment. And this includes an employee being in a position to derive a personal benefit or a benefit to any of his or her relatives by making or influencing decisions relating to any transaction of the company.
Acceptance of gifts, donations, hospitality and/or entertainment beyond the customary level from existing or potential suppliers, customers or other third parties which have business dealings with the company is also prohibited.
15. Insider Information
No employee of the company and his or her immediate family shall derive any benefit or assist others to derive any benefit from access to and possession of information about the company or its subsidiaries, which is not in the public domain and thus constitutes insider information. He/She shall not use or disseminate information which is not available to the investing public and which therefore constitutes insider information for making or giving advice on investment decisions on the securities of the company on which such insider information has been obtained.
16. Protecting Company Assets
The assets of the company – both tangible and intangible – shall not be misused but shall be employed for the purpose of conducting the business for which they are duly authorised.
17. Citizenship
An employee shall in his or her private life be free to pursue an active role in civic or political affairs as long as it does not adversely affect the business or interests of the company or its subsidiaries.
This Code Of Conduct shall be in force till such time the Management decides to make changes as and when necessary and such changes in the Code shall be binding upon all the employees of the company and its subsidiaries.