CODE OF CONDUCT FOR BOARD MEMBERS AND SENIOR MANAGEMENT

INTRODUCTION:

This Code of Conduct (herein after referred to as “the Code” has been framed and adopted by Alcobex Metals Limited (herein after referred to as “the Company”) in with the provisions of Clause 49 of the Listing Agreements entered into by the Company with the Stock Exchange.

APPLICABILITY :

The Code applies to the Members of Board of Directors (herein after referred to as “Board Members and Members of the Senior Management Team of the company one level below the Board Members , viz. Manager & CEO, CFO and all Unit Heads, Presidents, Joint Presidents and all other executives having similar or equivalent rank in Company and the Company Secretary of the Company.

The company Secretary shall be the Compliance Officer for the purpose of this Code.

The Code Shall come into force with effect from 1st Day of January, 2006 and future amendments/ modifications shall take effect from the date stated therein.

The Code shall be posted on the Website of the Company.
 

CODE OF CONDUCT:

The Board Members and Senior Managers shall observe the highest standards of ethical conduct and integrity and shall work to the best of their ability and judgement.

The Board Members and Senior Managers of the Company,

1. Shall maintain and help the Company in maintaining highest degree of Corporate Governance Practices.

2. Shall act in utmost good faith and exercise due care, diligence and integrity in performing their office duties.

3. Shall ensure that they use the Company’s assets, properties, information and intellectual rights for official purpose only or as per the terms of their appointment.

4. Shall not seek, accept or receive, directly or indirectly, any gift, payments or favour in what so ever form from Company’s business associates, which can be perceived as being given to gain favour or dealing with the company and shall ensure that the Company’s interests are never compromised.

5. Shall maintain confidentiality of information entrusted by the Company or acquired during performance of their duties and shall ensure that the Company’s interest are never compromised.

6. Shall not commit any offences involving moral turpitude or any act contrary to law or opposed to the public policy.

7. Shall not communicate with any member of the press or publicity media or any other outside agency on matters concerning the company, except through the designated spokespersons or authorized otherwise.

8. Shall not, without the prior approval of the Board or Senior Management, as the case may be accept employment or a position of responsibility with any other organization for remuneration or otherwise that are prejudicial to the interests of the Company.

9. Shall in conformity with applicable legal provisions disclose personal and/or financial interest in any business dealings concerning the Company and shall declare information about their relatives (spouse, dependent children and dependent parents) including transactions, if any, entered into with them.

10. Shall ensure compliance of the prescribed safety & environment related norms and other applicable codes, laws, rules, regulations and statutes, which if not complied with may otherwise, disqualify him/her from his/her association with the Company.

11. Shall ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 1992 as also other regulations as may become applicable to them from time to time.

Any breach of the aforesaid Code brought to the notice of the Compliance Officer or any Member of the Board or Senior Management shall be reported to the Board of Directors of the Company for necessary Action.