Through our untiring effort to maximize customer
satisfaction by delivering products of high quality, the group has gained a
special position and preference in domestic and international market. As a
result the company has been profit making, growing and also dividend paying
since its inception in 1986.
Considering the financial year performance and strength of the company ICRA
(one of the reputed rating agencies of India) has assigned LBBB and A+++
rating to the company for its short term and long term debt program.
Standard of Conducts
The Directors and employees shall conduct the
Company's business in an efficient and transparent manner in meeting its
obligations towards the shareholders and other stakeholders. The Directors
and employees shall not be involved in any activity that would have any
adverse effect on the objectives of the Company or against national
interest. The following elucidates the Companys position on the manner
of conduct of the Companys business and transactions:
A. CORPORATE CITIZENSHIP & REGULATORY COMPLIANCE
The company shall be committed to good corporate citizenship, not
only in the compliance of all relevant laws and regulations but also by
actively assisting in the improvement of quality of life of the people
in the communities in which it operates.
The company shall not treat these activities as optional, but should
strive to incorporate them as an integral part of its business plan.
Employees of the company, in their business conduct, shall comply
with all applicable laws and regulations, in letter and spirit, in all
the territories in which they operate.
A. CORPORATE CITIZENSHIP & REGULATORY COMPLIANCE
The company shall provide equal opportunities to all its employees
and all qualified applicants for employment without regard to their
race, caste, religion, colour, ancestry, marital status, gender, sexual
orientation, age, nationality, ethnic origin or disability.
Human resource policies shall promote diversity and equality in the
workplace, as well as compliance with all local labour laws, encouraging
the adoption of best practices.
C. HEALTH SAFETY & ENVOIRNMENT
The policy of the company is offering to its employees a safe and
healthy workplace. The company is against all forms of exploitation of
children and believes in abiding by the laws and applicable regulations
for prevention of child labour.
The Company is committed to prevent the wasteful use of natural
resources and minimize any hazardous impact of the development, use and
disposal of any of the intermediaries or direct materials used in its
product and service offerings on the ecological environment.
D. CONFLICT OF INTEREST
An employee or director of the company shall always act in the
interest of the company, and ensure that any business or personal
association which he / she may have does not involve a conflict of
interest with the operations of the company and his / her role therein.
In case of an Employee, where such conflict appears at any time or is
in existence at the time of the implementation of this policy, such
Employee shall forthwith make a disclosure in writing to the Management.
Upon reviewed the Employee may be directed to avoid/resolve the conflict
or to take such remedial action as is deemed suitable by management.
A Director shall disclose any potential conflicts of interests to the
Board of Directors or any Committee thereof and abstain from
participating in the decision making or in influencing the decision on
the areas resulting in the potential conflict of interest in accordance
with the applicable rules under the Companies Act. In addition, the
Director shall provide on a periodic basis, such disclosure as is
required by the Board of Directors or any Committee thereof.
If the management becomes aware of an instance of conflict of
interest the management shall take a serious view of the matter and
consider suitable disciplinary action against the employee.
Any information concerning the Companys business, its
customers, suppliers, etc. to which the Directors or the employees have
access or which is possessed by the Directors and the employees, must be
considered privileged and confidential and should be held in confidence
at all times, and should not be disclosed to any person, unless
Authorised by the Board; or
The same is part of the public domain at the time of disclosure;
Is required to be disclosed in accordance with applicable laws.
Senior Officers are expected to devote their full attention with
integrity and honesty to the business interests of the Company. They are
prohibited from engaging in any activity that interferes with his proper
discharge of responsibilities of the Company, or is in conflict with or
prejudicial to the interests of the Company.
G. INSIDER TRADING
A Director or the Employees and their relatives shall not derive any
benefit or assist others to derive any benefit from the access to and
possession of information about the Company, which is not in the public
domain and thus constitutes insider information. They shall also ensure
compliance with SEBI (Prohibition of Insider Trading) Regulations, 1992
as also other regulations as may become applicable to them from time to
The Company also prohibits its Directors and Employees in undertaking
any fraudulent or unfair trade practice in connection with the
securities of the Company.
H. PROTECTION OF COMPANIES ASSETS
The Directors and the Employees shall not use the Companys
tangible assets such as equipment and machinery, systems, facilities,
materials etc. or intangible assets such as proprietary information,
relationships with customers and suppliers, etc. for their personal
benefit or for the benefit of a related party or for any purpose other
than of conducting the business of the company.
I. PUBLIC REPRESENTATION
The company honours the information requirements of the public and
its stakeholders. In all its public appearances, with respect to
disclosing company and business information to public constituencies
such as the media, the financial community, employees, shareholders,
agents, franchisees, dealers, distributors and importers, the company
shall be represented only by specifically authorised directors and
employees. It shall be the sole responsibility of these authorised
representatives to disclose information about the company.
J. GIFT & DONATIONS
The Company, its Directors and Employees shall neither receive
nor offer or make directly/indirectly any illegal payments, gifts,
donations or any benefits which are intended to obtain business or
unethical favours. However, the Directors or Employees may receive such
nominal gifts which are customary in nature or are associated with
For any query/grievance the investors may contact
with: Mas Services Limited
Registrar and Transfer Agent
T-34, 2nd Floor, Okhla Industrial Area,
Phase - II, New Delhi - 110 020
Mr. Abhishek Agrawal
Good Luck House,
II- F, 166-167,
Nehru Nagar, Ambedkar Road, Ghaziabad- 201001
Ph. 0120 419 6600/6700
Fax: 0120 419 6666