Corporate Governance

Your Company has consistently striven to implement best corporate governance practices reflecting its strong value system and ethical business conduct. The Company’s philosophy on Corporate Governance envisages attainment of highest levels of transparency, accountability and integrity in the functioning of the Company with a view to create value that can be sustained continuously for the benefit of its stakeholders. The principles of Corporate Governance covering the Code of Business Conduct & Ethics and Code of Insider Trading are the cornerstones of your Company? functioning. All employees are bound by a Code of Conduct that sets forth the Company’s policies on all important issues, including our relationship with customers, shareholders and the Government.

The Board of Directors of the Company has a healthy mix of executive and non-executive directors, which ensures the desired level of independence in functioning and decision making. Four non-Executive Directors who are independent directors, are eminent professionals in varied fields, and bring in a wealth of expertise and experience for advising the management of the Company.

The Annual Report includes a detailed Report on Corporate Governance, that specifies the terms of reference of the Audit Committee, the Shareholders’ and Investors’ Grievance Committee, and the Remuneration Committee constituted by the Board of Directors

We endeavor to maintain high levels of investor communication. Through the Company’s website, our effort is to keep the shareholders, investors and members of the investing community informed about the corporate and financial developments in the Company.