LOK CAPITAL LLC, a Mauritius based Private Equity fund has invested in the equity shares of the Company. The company has started its rural microfinance initiative from Bulandshahr district in Uttar Pradesh in May, 2008

This Code of Conduct has been framed in compliance with the provisions of Clause 49 of the listing agreement with the stock exchanges. The purpose of this code is to help ensure that the members of the Board and the Senior Management conduct the business with the highest standards of integrity, honesty, ethics, conduct and governance and also to ensure that they act in an efficient and transparent manner in the conduct of the day to day activities of the organization. It shall be our responsibility to maintain co-operative, efficient, harmonious and productive work environment in the organization. We therefore shall endeavour to uphold the above in our day to day activities, comply with all applicable policies and procedures and ensure that all adhere to this Code.
Applicability
The Code of Conduct shall apply to:
  • All the directors of the Company.
  • Members of the senior management of the Company (i.e., one level below the executive directors).
The Code
The members of the Board and the senior management of the company must observe and abide the following code of conduct:
  • Use reasonable efforts to attend Board and Committee meetings regularly
  • Dedicate sufficient time, energy and attention to the Company to ensure diligent performance of his/her duties, including preparing for meetings and decision-making by reviewing in advance any materials distributed and making reasonable inquiries.
  • Seek to comply with all Corporate Policies
  • Act in the best interest of, and fulfilling their fiduciary obligations to Company's shareholders
  • Conduct themselves in a professional, courteous and respectful manner
  • Comply with all applicable laws, rules and regulations
  • Act in a manner to enhance and maintain the reputation of the Company
  • Disclose potential conflicts of interest that they may have regarding any matters that may come before the Board and abstain from discussion and voting on any matter in which the Director has or may have a conflict of interest.
  • Make available to and share with fellow Directors information as may be appropriate to ensure proper conduct and sound operation of the Company and its Board of Directors
  • Respect the confidentiality of information relating to the affairs of the Company acquired in the course of their service as Directors, except when authorized or legally required to disclose such information.
  • Not use confidential information acquired in the course of their service as Directors for their personal advantage
  • A Director must bring an open and independent mind to Board or Committee meetings and should not make a decision about a matter before attending and participating in the deliberations of the meeting
  • While Directors must treat each other with courtesy and observe the other rules in this Code, Directors should be able to engage in vigorous debate on matters of principle
  • Where a decision is not unanimous, a dissenting Director may disclose the fact that he/she dissented
 
The company has started its rural Microfinance initiative from Bulandshahr district in Uttar Pradesh in May, 2008
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