Our Company has formulated 4 policies in order to promote corporate governance, smooth and efficient operations for safeguarding the interest of the stakeholders. As on date, the Company has the following policies:
Transparency and maintenance of good corporate governance is our main mantra. In order to curb the chance of any unethical act / fraud within the organization, a system of reporting of such unethical act / fraud by the internal people has been formulated. This has been codified in the form of a policy in the name & style of 'Vigil Policy'. The primary objective of formulating this policy is to safeguard the interest of the stakeholders at large. Under this Policy, any employee or a director of the Company may report of any unethical act / fraud in the Company to the Chairperson of the Audit Committee.
Risk and profit goes hand in hand. More profit means taking of more risk. Our endeavor is to maximize profit by managing our probable risks. The Company has formulated a risk management mechanism, whereby all possible risks are first identified and then steps are taken to minimize its affect to maximize our gain/profit.
Business is not always transacted with immediate payment settlement. Most of the business contracts/ transactions are done on credit. Now there is a need to know our customer to assess the amount of credit and the credit period that may be allowed to them. A policy in the name & style of 'credit control policy' was thus formulated for the best interest of the Company and its customers.
Growth of the organization is possible only with the growth of the society. Our principle is to provide opportunity to all deserving vendors to grow with us. With this view, our Company has formulated a Purchase Policy wherein a transparent purchase mechanism has been enforced therein providing equitable opportunity to all the eligible vendors.