Code Of Conduct

AF Interprises

Code of Conduct


A F Enterprises Limited abides by the Code of Conduct in all its business dealings with government organisations, partners, employees, customers, vendors and the larger community. All employees of the company are expected to adhere to the following tenets of the code:

National interest

Our Company shall be committed in all its actions to benefit the economic development of the country (ies) in which it operates, and shall not engage in any activity that would adversely affect such objectives. It shall not undertake any project or activity to the detriment of the nation's interests or those that will have any adverse impact on the social and cultural life patterns of its citizens.

Our Company shall conduct its business affairs in accordance with the economic, development and foreign policies, objectives and priorities of the nation's government and shall strive to make a positive contribution to the achievement of such goals at the international, national and regional level as appropriate.

Financial reporting and records

Our Company shall prepare and maintain its accounts fairly and accurately in accordance with the accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards, laws and regulations of the country in which the company conducts its business affairs.

Any wilful material misrepresentation of and/or misinformation on the financial accounts and reports shall be regarded as a violation of the code, apart from inviting appropriate civil or criminal action under the relevant laws.

Competition

Our Company shall fully strive for the establishment and support of a competitive open market economy in India and shall cooperate in the efforts to promote the progressive and judicious liberalisation of trade and investment by a country. Specifically, Our Company shall not engage in activities, which generate or support the formation of monopolies, dominant market positions, cartels and similar unfair trade practices.

Political Non-Alignment

Our Company shall be committed to and support a functioning democratic constitution and system with a transparent and fair electoral system in India.

Our Company shall not support directly or indirectly any specific political party or candidate for political office. The company shall not offer or give any company funds or property as donations, directly or indirectly, to any specific political party, candidate or campaign.

Health, safety and environment

Our Company shall strive to provide a safe and healthy working environment and comply in the conduct of its business affairs with all regulations regarding the preservation of the environment of the territory it operates in.

The Company shall be committed to prevent the wasteful use of natural resources and minimize any hazardous impact of the development, production, use and disposal of any of its products and services on the ecological environment.

Quality of products and services

Our Company shall be committed to supply better services of the highest quality standards backed by efficient service consistent with the requirements of the customers to ensure their total satisfaction.

The quality standards of the company's goods and services should at least meet the required national standards and the company should endeavour to achieve international standards.

Public representation of the company

Our Company honours the information requirements of the public and its stakeholders. In all its public appearance with respect to disclosing company and business information to public constituencies such as the media, the financial community, employees and shareholders, only specifically authorised directors and employees shall represent the Company. It will be the sole responsibility of these authorised representatives to disclose information on the company.

Third-party representation: Parties which have business dealings with the Company but are not members of the group such as consultants, agents, sales representatives, distributors, contractors, suppliers, etc. shall not be authorised to represent the Company if their business conduct and ethics are known to be inconsistent with the code.

Shareholders

Our Company shall be committed to enhance shareholder value and comply with all regulations and laws that govern shareholders' rights.

The board of directors of a the Company shall duly and fairly inform its shareholders about all relevant aspects of the company's business and disclose such information in accordance with the respective regulations and agreements.

Ethical Conduct

Every employee of Our Company, which shall include the Managing Director and the whole-time director (s), shall deal on behalf of the company with professionalism, honesty, integrity as well as high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be as such by third parties.

Every employee shall be responsible for the implementation of and compliance with the code in his professional environment. Failure to adhere to the code could attract the most severe consequences including termination of employment.

Regulatory Compliance

Every employee of the Company shall, in his business conduct, comply with all applicable laws and regulations, both in letter and in spirit, in all the territories in which he operates. If the ethical and professional standards set out in the applicable laws and regulations are below that of the code then the standards of the code shall prevail.

Conflict of Interest

An employee of the Company shall not engage in any business, relationship or activity, which might detrimentally conflict with the interest of the company or the group. A conflict of interest, actual or potential, may arise where, directly or indirectly, an employee of the Company engages in a business, relationship or activity with anyone who is party to a transaction with the company; an employee is in a position to derive a personal benefit or a benefit to any of his relatives by making or influencing decisions relating to any transaction; an independent judgement of the company's or group's best interest cannot be exercised.

Notwithstanding that such or other instances of conflict of interest exist due to any historical reasons, adequate and full disclosure by the interested employees should be made to the company's management. It is also incumbent upon every employee to make a full disclosure of any interest which the employee or the employee's immediate family, which would include parents, spouse and children, may have in a company or firm which is a supplier, customer, distributor of or has other business dealings with his company. If an employee fails to make a disclosure as required herein and the management of its own accord becomes aware of an instance of conflict of interest that ought to have been disclosed by the employee, the management would take a serious view of the matter and consider suitable disciplinary action against the employee.

Securities transactions and confidential information: An employee of the Company and his immediate family shall not derive any benefit or assist others to derive any benefit from the access to and possession of information about the company or the group, which is not in the public domain and thus constitutes insider information.

An employee of the Company shall not use or proliferate information which is not available to the investing public and which therefore constitutes insider information for making or giving advice on investment decisions on the securities of the respective company on which such insider information has been obtained.

Such insider information might include the following:

acquisition and divestment of businesses or business units

financial information such as profits, earnings and dividends

asset revaluations

investment decisions/plans

restructuring plans

raising finances or buy-back of shares

any significant changes in policies, plans or operations of the Company.

Company Property

In carrying out their duties and responsibilities, all employees and directors should Endeavour to protect the Company’s assets and proprietary information, and ensure that the same are being used by the Company and its employees only for legitimate business purposes of the Company. Any suspected incident of fraud, mismanagement of Company assets or theft should be immediately reported for investigation to the Chairman of the Board or such other person as designated in this regard.

Integrity of Data Furnished

Every employee of the Company shall ensure, at all times, the integrity of data or information furnished by him to the company.

Reporting Concerns

Every employee of the Company shall promptly report to the management any actual or possible violation of the code or an event he becomes aware of that could affect the business or reputation of the Company.

Waivers And Amendments: Any amendment to this Code must be approved by the Board of Directors and publicly disclosed as required by any applicable law or regulation. Any waiver of this Code for the benefit of any employees, officer or director of the Company may be made only by the Company’s Board of Directors and shall be disclosed promptly as required by applicable laws and regulations including the rules of any exchange on which the Company’s securities are listed or traded.