Ethics and Transparency

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Categories Business Ethics and Governance

We are committed to good and ethical governance mechanisms across our systems, processes, operations, and locations. Our Code of Conduct on Ethics, Transparency and Accountability (Code) clearly defines acts of bribery and corruption, and the circumstances in which the clauses of anti-bribery and anti-corruption may be violated. To ensure compliance with this Code, trainings are provided to all full-time employees and the Board.

In 2022-23, we reported zero cases of bribery and corruption, and have not faced any anticompetitive litigations.

Conflict of interest

We expect all our team members to not engage in any activity or a form of relationship with shareholders, suppliers or subsidiaries that may affect the company’s independence and result in a conflict of interest.

Whistle-blower Policy

We have implemented a Whistle-blower Policy at a group-wide level, and established a Vigil Mechanism in compliance with Regulation 22 of the Listing Regulations and Section 177 of the Act. According to this Policy, individuals who wish to report concerns regarding unethical behaviour, violations of the Code, actual or suspected fraud, non-compliance with legal and regulatory requirements, retaliation against directors and employees, among others can report their grievances using the appropriate channels.

Share Dealing Code

We condemn insider trading in any capacity and form by which the involved parties may have a direct or an indirect financial gain. Our employees who are in possession of material unpublished price sensitive information about the organization are forbidden from trading in its securities.

Anti-trust and Anti-competitive Policy

This Policy governs our approach to ensure that we promote a competitive market culture and maintain a healthy competitive environment globally. In line with its provisions and directives, our employees are highly discouraged from engaging in price fixing practices.

Grievance redressal and vigil mechanism

We intend that all stakeholders we interact with are content and satisfied with their involvement with us in any capacity. In case of grievances, concerns, or feedback, we enable reporting them confidentially and maintain anonymity of the individuals concerned.

All cases of whistle-blowing are overseen by our Chief Assurance and Risk Officer, and we ensure that no retaliatory action is taken against any complainants, irrespective of their position within or outside the organization. Upon the registration of a complaint, an enquiry on the incidence is undertaken by a specified committee and may also involve independent auditors or experts for further investigation. In a scenario wherein the decision of the Chief Assurance and Risk Officer may be unsatisfactory, the matter may be further investigated by the Audit Committee. The Audit Committee oversees the overall performance of the vigil mechanism.

Our policies and certificates

  • Anti-trust and Anticompetitive Policy
  • Share Dealing Code
  • Whistle Blower Policy
  • Code of Conduct on Ethics, Transparency and Accountability
  • Supplier Code of Conduct

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