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Scheme of De-Merger between Abirami Financial Services (India) Ltd (De-merged company) & Abirami Enterprises Ltd (Resulting company). Revised Documents Relating to Scheme of De-Merger Observation Letter Scrutinizer's Report Directions of Court Order Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information
  CODE OF CONDUCT

 

 

 

 

CODE OF CONDUCT FOR BOARD OF DIRECTORS AND MEMBERS OF SENIOR MANAGEMENT

The Company is committed to conducting business in accordance with the highest standards of business ethics and complying with applicable laws, rules and regulations.

The company believes that a good corporate governance structure would not only encourage value creation but also provide accountability and control systems commensurate with the risks involved.

The foundation of M/s. Abirami Financial services (India) Limited has been built on high standards of integrity, fair business practices, efficient, safe and trusted financial policies. The Board of directors had adopted a code of conduct (the Code) for the Directors and members of Senior Management of M/s. Abirami Financial services (India) Limited to further strengthen the business policies of the company with highest level of transparency, accountability and equity, in all facets of its operations and in all its interactions with its stakeholders including shareholders, the government, lenders and employees.

 
  1. The Directors and Members of Senior Management Act shall act honestly, in good faith and in the best interests of the company as a whole.

  2. The Directors and Members of Senior Management shall be independent in Judgment, use due care and diligence in performing their duties, in exercising their powers, and take all reasonable steps in regard to achieving the decisions of the Board of the company.

  3. The Directors/ Senior Management shall not allow personal interests to conflict with the interest of M/s. Abirami Financial Services (India) Limited.

  4. The Directors/Senior Management shall adhere to all applicable laws, rules and regulations both in letter and in spirit. They should extend full co-operation to regulatory authorities and disclose information as may be required.

  5. The Directors/Senior Management shall report/disclose annually their relationships with other entities.

  6. The Directors/Senior Management shall not make any promises or commitments that the company does not intend or would not be able to honour. They shall not engage directly or indirectly in any act, dealings or conduct likely to bring discredit to the company.

  7. The Directors/Senior Management shall as far as practicable protect the company’s assets from loss, damage, misuse or theft and ensure that the assets are used only for business purposes and other purposes specifically approved by the Management and must never be used for unauthorized purposes.

  8. The Directors/Senior Management shall ensure that all confidential information available to them by virtue of the office they hold is never directly or indirectly released to any person or entity/ or made public or otherwise to any media unless specifically authorized.

  9. The Directors/Senior Management shall not accept, receive directly or indirectly any donation, remuneration, and illegal payments for any business favours or decision for the conduct of business.

Having regard to the business practices, or the legal and regulatory framework applicable, the Board will review, revise or update the Code of Conduct, as it deems appropriate. Any change or amendment to the Code shall be made only with the approval of the Board.

Every Director and Member of Senior Management of the Company will be required to certify compliance with the Code within 15 days of the close of the financial year of the company.

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