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Parry Agro's commitment to ethical and lawful business conduct is a
fundamental shared value of the Board of Directors, the senior management
and all other employees of the Company.
Consistent with its Values and Beliefs, Parry Agro has formulated the
following Code of Conduct as a guide. The Code does not attempt to be
comprehensive or cover all possible situations. It encourages the Parry
Agro team to take positive actions, which are not only commensurate with
the Values and Beliefs, but are also perceived to be so. Parry Agro
expects all its employees to implement the Code in its true spirit and in
case of any doubt or confusion, to consult his/her immediate superior, the
head of HR or the Business Head as relevant.
For the purpose of this Code, the term "senior management" shall mean
(a) Executives who are in the grade of General Manager and above;
(b) All executives directly reporting to the Chief Executive and
(c) Company Secretary
In performing their functions, the directors and senior management of the
Company shall:
1. Act honestly, diligently and in good faith and integrity in all their
dealings with and for the Company.
2. Not use any confidential information obtained by them in the course of
their official duty, whether from the Company or otherwise, for personal
gain, or use / allow the use of such information for the financial benefit
for any other person.
3. Not engage in any business, relationship or activity, which might
detrimentally conflict with the interest of the Company.
4. Maintain the principle of need to know and also confidentiality of all
material non-public information about the Company, its business and
affairs.
5. Abide by all applicable laws and regulations including the Company's
Prevention of Insider Trading code.
6. Not use their status to seek or accept any personal gains or favours
from those doing or seeking to do business with the Company or from other
employees of the company.
7. Not accept, any gifts, donations or comparable benefits the value of
which is more than Rs.500. Gifts beyond this value have to be handed over
to the company.
8. Not share any information regarding the Company, its business and/or
affairs with media without the prior approval of the Business Head
/Corporate Disclosure Officer.
In addition, in performing their Board and Board Committee functions, the
directors shall:
1. Not hold position of Director/Advisor with a competitor Company
2. Inform the Chairman of changes in their interests that may interfere
with their ability to perform their duties, and in the case of
“independent directors”, impact their independence as a Board member.
This Code embodies the belief that acting always with the company’s
legitimate interest in mind and being aware of the company’s
responsibility towards its stakeholders is an essential element of the
company’s long term excellence.
For investor queries/complaints e-mail to:
investorservices@pai.murugappa.com
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