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Supreme Tex Mart Limited
is committed to maintain sound standards of
Business Conduct and Corporate Governance. The
Board of Directors (the “Board”) and the
senior management of Supreme Tex Mart Limited
undertake to abide by following Code of
Conduct adopted by the Board and affirm
compliance with this Code on an Annual basis
by acknowledging the same as provided in the
end.
The Code is named as
Code of Conduct for The Board of Directors and
Senior Management and is framed in terms of
Clause 49 of the Listing Agreement with the
Stock Exchanges.
APPLICABILITY
The Code is applicable
to all the members of The Board of Directors
and senior management of the Company. Senior
Management shall mean personnel of the Company
who are members of its core management team
excluding Board of Directors.
THE CODE
Conflicts of Interest:
The Directors and senior management should be
scrupulous in avoiding ‘conflicts of interest’
with the Company. In case there is likely to
be a conflict of interest, in the case of
senior management personnel, he/she should
make full disclosure of all facts and
circumstances thereof to the Managing Director
and a prior written approval should be
obtained. In case there is likely to be a
conflict of interest in the case of Managing
Director, he should make full disclosure of
all facts and circumstances to the Chairman of
the Board. The Chairman and any Director of
the Board in like circumstances should make
full disclosures to the Board.
Honest and Ethical Conduct:
The Directors and senior
management shall act in accordance with the
highest standards of personal and professional
integrity, honesty and ethical conduct and use
their powers of office, in good faith and in
the best interests of the Company as a whole.
Confidentiality:
The Directors and senior
management shall maintain the confidentiality
of confidential information of the Company or
that of any customer, supplier or business
associate of the Company to which Company has
a duty to maintain confidentiality, except
when disclosure is authorized or legally
mandated. The Confidential information
includes all non-public information (including
private, proprietary, and other) that might be
of use to competitors or disclosure of which
might be harmful to the Company or its
associates. The use of confidential
information for his/her own advantage or
profit is also prohibited.
Protection and Proper Use of Company's Assets:
The Directors and senior
management should protect Company's assets and
property. Company's assets should be used only
for legitimate business purposes.
Compliance with Laws,
Rules, and Regulations: The Directors and
senior management shall endeavour to ensure
compliance with all applicable laws, rules,
and regulations applicable to the Company.
Transactions, directly or indirectly,
involving securities of the Company should not
be undertaken without complying with Code of
Conduct for Prohibition of Insider Trading.
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