DISCLOSURE TO THE SEBI AND THE PUBLIC
The Policy of the Company is to provide full, fair, accurate, timely and understandable disclosure in reports and documents that the company file with, or submit to, the SEBI and in other public communications of the Company. Accordingly, the concerned persons must ensure that they comply with the disclosures, controls and procedures and internal controls for financial reporting of the Company.
COMPLIANCE WITH GOVERNMENTAL LAWS, RULES AND REGULATIONS
Concerned persons must comply with all applicable governmental laws, rules and regulations. They must acquire appropriate knowledge of the legal requirements relating to their duties sufficient to enable them to recognize potential dangers. Violations of applicable governmental laws, rules and regulations may subject concerned persons to individual criminal or civil liability, as well as to disciplinary action by the Company. Such individual violations may also subject the Company to civil or criminal liability or the loss of business.
VIOLATION OF THE CODE
It will be the ethical responsibility of a concerned person to help enforce this Code. Concerned persons should be alert to possible violations and should co-operate in any internal or external investigations of possible violations. Reprisal, threat, retribution or retaliation against any person who has, in good faith, reported violation of law or a suspected violation of law, this Code or other Company policies or against any person who is assisting in any investigation or process with respect to such a violation, is prohibited. Actual violation of law, this Code or other Company policies or procedures should be promptly reported to the Board of Directors.
The Company will take appropriate action against any concerned person whose actions are found to violate the Code or any other Policy of the Company. Disciplinary actions may include immediate termination of employment at the Company’s sole discretion. Where the Company has suffered a loss, it may pursue its remedies against the individuals or entities responsible. Where laws have been violated, the Company will cooperate fully with the appropriate authorities.
AMENDMENT / MODIFICATION OF THE CODE
The Company is committed to continuously review and update its policies and procedures. Therefore, this Code is subject to modification. Any amendment or waiver of any provision of this Code will be approved in writing by the Company’s Board of Directors and thereafter, promptly circulated to all concerned. ACKNOWLEDGEMENT OF RECEIPT OF CODE OF ETHICS
Concerned persons will confirm having received, read and understood the standards and policies contained in this Code and agree to comply the same in its true sprit and in that regard, sign a copy thereof and send the same to the Board of Directors or the Company Secretary for record.
GENERAL
All questions concerning the meaning and application of this Code, any Company policies or the legal and regulatory requirements applicable to engagement of a concerned person shall be addressed to the Board of Directors or the Company Secretary and all such questions or reports and replies and/or clarifications thereto will be maintained in strict confidence.
For and on behalf of the Board of Directors
of IFGL Refractories Limited
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