The objective of this document is to communicate the Code of Conduct “Code” of the Company to the Directors and Officers of the Company. It is intended to serve as a guideline to corporate and individual behaviour in the conduct of business and the discharge of duties of all concerned.

The Code is fundamentally a set of principles and values expected to be maintained by the Company and its Directors and Officers.

Whenever any aspect of this Code is covered under any Act or Law, the more stringent of the respective provisions shall apply unless the law expressly forbids it. If any Act or Law covers any aspect but this Code is silent on the same, the provisions of the Act or Law shall apply.

The Board of Directors of the Company shall be the final internal authority as far as any interpretation of the Code or its applicability/violation and consequential actions are concerned.

It shall be the silence endeavour of Directors/Officers that the activities of the Company ultimately add to the economic development of the country and further national interest.

	Functioning shall be within the framework of the economic, development and legal policies of the Government of India.
	Tasks, debates or conversations shall not be undertaken or participated that can reflect unfavourably on the dignity of our nation or go against its interests.

Every attempt shall be made to provide an open and motivating work environment, which is conducive to upholding and achieving the Company’s Goals and Vision.

No discrimination shall take place on grounds of race, caste, ethnic background, marital status or gender.

Entry into and progression within, the Company shall be determined on merit and the needs of the business.

	There shall be commitment to the principles of proper, fair and transparent development and evaluation processes.
	All shall be encouraged to grow professionally.

Any appointment or extension, dismissal, increment or promotion (including the making of any promise towards appointment, extension, increment or promotion) requires that procedures in the Rules of the Company be followed.

Promotions and/or increments shall not be automatic or time bound but performance and merit based.