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Home > Investor Relations
> Code of Conduct
- Purchasing practices
All purchase decisions must be made purely on the basis of quality, service, price, delivery and best value. Extraneous or personal interest shall not be a criteria for arriving at purchase decisions. Objective, fair, transparent and responsible criteria shall be followed while evaluating, passing or rejecting the quality of goods / services.
All Company Directors, employees, representatives, agents, consultants and others for the company are prohibited from soliciting, accepting or attempting to accept any kickback. (The term kickback includes any money, fee, commission, credit, gift, gratuity, thing of value or compensation of any kind, whether in cash or kind that is provided directly or indirectly to anyone for the purpose of inappropriately or improperly obtaining or rewarding favourable treatment.
Everyone shall ensure that all the terms and conditions pertaining to payments made or commissions paid in connection with the Company’s purchases of goods or services are supported by documentation that is complete and clearly defines the nature and purpose of transaction and is consistent with trade practices and in conformity with applicable laws.
It must be noted that any action that even appears to be in violation of the above principles would be severely dealt with.
- Compliances with applicable Laws
We are required to comply with all applicable laws, rules and regulations. In order to assist the Company in promoting lawful and ethical behavior, one must report any possible violation of law, rules, regulations or the code of conduct of the Company.
- Confidential Information
The Company’s confidential information is an extremely valuable asset. Any information relating to the Company’s business, manufacturing processes, products, customers, suppliers etc, as well as information pertaining to confidential documents, agreements, contracts, patents, rights, privileges etc which is not in public domain and to which the Director / officer has access, must be considered confidential and held in confidence unless otherwise authorized or when disclosure is required as a matter of law. No Director / Officer shall provide any such information either formally or informally, to the press or any other publicity media or any outsider, unless specially authorized.
- Use of Company’s Assets
Company Funds
Every Director / officer is personally responsible for all Company funds over which he or she exercises control. Company funds must be used only for Company’s business. Reasonable steps should be taken to ensure that the Company receives good value for Company funds spent and accurate and timely records of each and every transaction should be maintained.
General
Protecting the Company’s Assets is a key responsibility of everyone. Due care should be taken to ensure that assets entrusted to one’s custody are not misappropriated, loaned to others, or sold or donated, without appropriate authorization. The assets should be guarded against loss, damage, misuse or theft. Company equipment and assets should be used for Company’s business purposes only.
VIOLATIONS OF THE CODE
The matters covered in this Code of Conduct are of utmost importance to the Company and its various stakeholders and are essential to the Company’s ability to conduct its business in accordance with its stated values. Everyone is expected to adhere to these rules in carrying out their duties for the Company.
Anyone who becomes aware of violation of the Code of Conduct should promptly report the same to the Company Secretary, who will act as Company’s Ethics and Compliance Officer.
Reporting Concerns
If you observe possible unethical or illegal conduct, you are encouraged to report your concerns. Retaliation against any employee who honestly reports a concern to BILT about illegal or unethical conduct will not be tolerated. It is unacceptable to file a report knowing it to be false.
ANNUAL REVIEW
The Board of Directors shall regularly review and re-assess the adequacy of the Code and make such amendments to the Code as it may deem appropriate.
By signing, I acknowledge that I have read the BILT Code of Business Conduct and understand & accept the requirements of the same.
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