CODE OF CONDUCT FOR BOARD MEMBERS AND FOR
SENIOR MANAGERIAL PERSONNEL OF THE COMPANY
(I) INTRODUCTION
This Code for the members of the Board of Directors and for the Senior Managerial Personnel of the Nippo Batteries Co. Ltd. (the Company) helps the Company to maintain the Standard of the Business Ethics and ensure compliance with the legal requirements, specifically under Clause 49 of the Standard Listing Agreements of the Company with the Madras, Mumbai, Hyderabad and National Stock Exchanges. The Code is aimed to prevent any wrongdoing and to promote ethical conduct at the Board and Senior Management level
(II) APPLICABILITY The code is applicable to the following persons (the Officers):
(a) Members of the Board of Director of the Company And
(b) Senior Managerial Personnel i.e. all members of management one level below the Executive Directors including all functional heads.
All the concerned are expected to read and understand this Code and to uphold standards set out under this, in his/her day-to-day activities.
As the principles set out under this are general in character, Officers should also review the Company's other applicable Policies and Procedures for more specific instructions. In case of any difficulty in interpretation or allied matters they may contact the Company Secretary.
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