CODE OF CONDUCT FOR BOARD MEMBERS AND SENIOR MANAGEMENT PERSONNEL
(Pursuant to Clause 49(1)(D) of the Listing Agreement with the Stock Exchange)

Introduction
The Board of Directors and senior management personnel of the Company are committed to maintain the highest standard of ethical conduct. This code of conduct(hereinafter referred to as “Code”) reflects the business principles that support this commitment. The Board of Directors are responsible for setting the code and for updating the revision, if require to reflect legal and regulatory developments. It is expected that every director and senior management personnel of the Company to read and understand this code and its application to the performance of their duties.

Compliance Officer
The Board has designated the Company Secretary to act as Compliance Officer to administer the code. Directors, employees may make any report or complaint to the Compliance Officer for submission to the Board of Directors.

Fair Dealing
The Directors and senior management personnel will discharge their duties in accordance with their good faith and business judgement and in the interests of the Company and its stakeholders. They should use their best endeavors and organize the resources for advancing Company’s mission, aspiration, values and leadership Attributes. They are expected to act diligently, openly, honestly and in good faith.

Compliance with Laws
They must abide by all laws, rules and regulations of the country applicable to the Company and Company’s insider trading norms.

Conflict with Interest
A “conflict of interest” may arise when the interests of corporate leader conflict in any way (or even appear to conflict) with the interests of a corporate entity. Any situation that creates or appears to create a conflict of interest must be avoided. They shall disclose conflicts of interest, if any, to affected parties but not limited to Board of Directors when they exist.

Corporate Opportunity
Except as may be approved by the Board of Directors, they are prohibited from:

(a) taking for themselves personally any opportunities that belong to the Company or are discovered through the use of corporate property, information or position.
(b) using corporate property, information or position for personal gain.
(c ) competing with Company..

Confidentiality of information
The Board of Directors and senior management personnel of the Company must maintain the confidentiality of all material non-public information entrusted to them by Company, except when the Company authorizes disclosures or required by laws, rules and regulations.

Reporting of illegal or unethical behaviour
The Board and all the employees are encouraged to report to the Chairman or Managing Director about any illegal or unethical behaviours of any employee, officer or Director.

Public Disclosure
They may be asked to provide information so that Company’s public disclosures requirements should be fair, accurate, timely and understandable.

Compliance with code and violation
The Board of Directors and senior management personnel to whom such code is applicable shall agree to support a mechanism for the prompt and fair adjudication of alleged violations of this code.

Amendment and Modification
This code may be amended or modified by the Board subject to the applicable laws, rules and regulations of the country.