This Code of Conduct (hereinafter referred to as “the Code”) has been framed and adopted by Gravita India Limited (hereinafter known as “the Company”) in Compliance with the provisions of the Listing Agreement entered into by the Company with the Stock Exchanges.
This Code applies to all members of the Board of Directors (the Board) and Members of senior management team viz. President, Vice-presidents, Unit Heads, General Managers and all other executives having similar or equivalent rank in the Company and the Company Secretary of the Company.
The Company Secretary shall be the Compliance Officer for the purpose of this Code. The Code has come into force with effect from 18.03.2010 and future amendments / modifications shall take effect from the date stated therein.
The Board Members and the Senior Managers of the Company:
This Code may be amended, modified, or varied by the Board subject to appropriate applicable provisions of law, rules, regulations and guidelines.
The Independent Directors of the company shall comply with the duties defined under Schedule IV of Companies Act 2013. As a general policy, the Board will not grant waivers to this Code. However, in an extraordinary situation and for reasons to be recorded in writing, the Board may waive or grant exemption from any one or more provisions of this Code.
All the Board Members and Senior Managers shall affirm in writing compliance with this Code immediately after the Code is approved and adopted by the Board Members of the Company and on an annual basis at the end of each financial year of the Company within 7 days of its closure, as per the format provided in ANNEXURE I.
On the basis of receipt of duly filled declaration form received from all the members of the Board and Senior Management, the Managing Director of the Company shall provide a declaration on annual basis to the Board as per the format provided in ANNEXURE II. The said declaration by Managing Director shall be included in the Annual Report of the Company.