| CODE OF CONDUCT
FOR THE BOARD OF DIRECTORS |
| |
|
| This Code of Conduct
shall be called as The Numeric
Code of Conduct for Directors.
All the Directors of the Company
including the Alternate Directors,
Additional Directors and Nominee
Directors will be governed by
this Code of Conduct. |
| |
|
1. |
This code comes into effect
from 1st January 2006. |
| |
|
2. |
The Directors shall
act honestly, diligently and in
good faith in all their
dealings with the company. |
| |
|
3. |
The Directors shall
promote integrity and excellence
towards achieving the Company’s
goals and objectives and enhancing
shareholder’s value. |
|
|
4. |
The Directors shall
not engage in any business or
activity, which might detrimentally
conflict with the interest of
the Company. |
|
|
5. |
The Directors shall
abide by all the Statutory Laws,
Rules and Regulations in the conduct
of the business. |
|
|
6. |
The Directors shall
not receive directly or indirectly
any undue personal benefit or
advantage by virtue of his/her
position or association with the
Company. |
|
|
7. |
The Directors shall
observe confidentiality with regard
to all the Company’s information
and shall not divulge any information
either for their own benefit or
any third parties. |
|
|
8. |
The Directors shall
keep the Board informed about
the change in their other Directorships,
Committee positions and shareholdings
in other Companies. |
|
|
9. |
The Directors shall
not use or proliferate price sensitive
information and abide by the Prohibition
of Insider trading Regulations. |
|
|
10. |
The Directors shall
confirm compliance with the Code
of Conduct on an Annual Basis. |
