Dawood Hercules Corporation Limited (DH Corp) is a publicly listed company, and is the investment holding platform for the Dawood Hercules Group; a business family with an entrepreneurial history spanning over a century.   DH Corp deploys and manages investments across a diverse range of sectors, including in its subsidiaries and associated companies.   Our subsidiary, Engro Corporation Limited, is one of the largest industrial conglomerates in Pakistan, and has leveraged joint ventures to scale up businesses and enhance capabilities for handling complex greenfield projects.   Apart from the capital deployed in our subsidiaries, we actively invest in local public equities and money markets and are currently evaluating investment opportunities in the private space.   Stewarded by Mr. Hussain Dawood since 2002, the Group has deployed over $7bn expanding into energy & related infrastructure, foods & agriculture, petrochemicals, chemical storage & handling, renewables, industrial IoT and digital solutions.   Family members drive group vision and corporate governance; Sons, Shahzada Dawood and Abdul Samad Dawood serve in leadership roles on the boards of the public listed concerns; Daughter Sabrina Dawood develops social impact initiatives for the family’s trust.   We believe in the global exchange of ideas aspiring to learn and extend knowledge to map a future for generations. As a responsible concern, we endeavour to consistently take care of our people with humility that is integral to our spirit and strive to make our environment better by investing in ideas for transformation. This, we believe, is what drives us to prosperity.

Status of Company

(Public Interest Company)

Company Registration No.

CUIN0002640

NTN number

0801434-5

Address of registered office:

Dawood Hercules Corporation Limited Dawood Centre, M.T. Khan Road, Karachi.

Office Phone and Fax numbers

Tel: +92 21 35686001, Fax: +92 21 35693416

Email Address

info@dawoodhercules.com
VALUES

Integrity

We conduct ourselves with uncompromising ethics and honesty.

Commitment to Excellence

We pursue the highest standards and maximizing the use of resources.

Teamwork

We are committed to work as a team to achieve common goals.

Diversity

We provide unrestricted opportunity for personal advancement to all employees.

Accountability

We are accountable for our ethical conduct and for compliance with the applicable laws and policies and directives of the management.

VISION

The leading investor and wealth creator of value driven businesses.

MISSION

We will maximize profit by investing in businesses that share our vision and fulfill our investment criteria to achieve our growth and return aspirations on a consistent basis.

We will create intrinsic value by incorporating efficiency and capability within our existing operations and through our investments.

100 year journey

Our Journey So Far...

  • view more

    To play their collective part in the COVID-19 pandemic, The Dawood Foundation and Engro Foundation, under the guidance of Hussain Dawood, made a pledge for contribution in services, kind, and cash of PKR 1 billion for the short, medium, and long-term.

  • view more

    Dawood Hercules Corporation won the “Top 25 Companies for the Year” awards, announced by the Pakistan Stock Exchange (PSX). Hussain Dawood, the Chairman of Dawood Hercules Corporation was presented the award by Prime Minister of Pakistan Imran Khan.

    view more

    Engro Polymer expansion

    view more

    Sindh Engro Coal Mining Company Expansion.

  • view more

    Engro Energy Services Limited was established as a wholly owned subsidiary of Engro Energy Limited.

    view more

    Engro Powergen Thar Private Limited was established and incorporated to set up 2 x 330 MW mine mouth power plants

    view more

    DH Corp Ltd and Cyan Ltd sold their entire shareholding of 15.77% (cumulative) in Hub Power Company

  • view more

    Royal Freisland Campina bought 51% stakes in Engro Foods.

    view more

    Engro Fertilizers Agritrade Private Limited was incorporated as a wholly owned subsidiary of Engro Fertilizers

    view more

    Engro Digital Limited was incorporated as a wholly owned subsidiary of Engro Corporation

  • view more

    Tenaga Generasi launched 50 MW wind power

  • view more

    Kolachi PortGen Private Limited, a subsidiary of Engro PowerGen, incorporated with the objective to operate and own a Regasified Liquefied Natural Gas (RLNG) based power generation plant.

  • view more

    GEL Utility Limited, undertook a project of setting up a 72 MW triple redundancy captive power plant

  • view more

    Dawood Lawrencepur Limited diversified into alternative energy.

  • view more

    Classes for the first MBA Batch commenced in September, 2012 at Karachi School of Business & Leadership

    view more

    DH Corp and its affiliates acquired shares in Hub Power Company

    view more

    Hussain Dawood became the Chairman of Hub Power Company

  • view more

    Central Insurance was renamed as Cyan Limited and became an equity investment company

    view more

    Dawood Hercules Chemicals Ltd. became Dawood Hercules Corporation Ltd. (DH Corp), a holding company which focuses on exploring investment opportunities.

    view more

    Rice Processing Plant was set up in District Shaikhpura by Engro and began its commercial production

    view more

    Engro Eximp FZE was incorporated in Jebel Ali Free Zone, Emirate of Dubai as a wholly owned subsidiary of Engro Eximp Private Limited

  • view more

    In June 2010 Dawood Hercules Chemicals Limited announces the demerger of its fertilizer business

    view more

    Engro Powergen Qadirpur- flared gas, green power was set up

  • view more

    Engro Fertilizers Limited was incorporated in Pakistan with the objective of manufacturing, purchasing and marketing of fertilizers

    view more

    Sindh Engro Coal Mining Company was formed under a Joint Venture Agreement between Government of Sindh, Engro Energy Limited and Engro Corporation Limited.

    view more

    Engro Energy Limited with other entities incorporated “Pakistan Energy Gateway Limited” (PEGL)

  • view more

    Engro Polymer & Chemicals Limited undertook the expansion and back integration project to enhance the PVC capacity to 150 KT and set up an EDC-Vcal and Chlor-alkali plants

  • view more

    Engro Chemicals acquired the share holding of Asahi Class Company. The name of the company changed from Engro Asahi Polymer to Engro Polymer & Chemicals Ltd. Hussain Dawood became the Chairman of Engro Chemical Pakistan Ltd. on 25th April.

  • view more

    All textile companies of the Dawood group were amalgamated into a single entity named Dawood Lawrencepur Limited.

    view more

    The Group acquired a majority stake in Inbox Business Technologies Private Limited – Pakistan’s leading computer brand

  • view more

    Dawood Hercules Chemicals Ltd. acquired 61 million shares (10%) is Sui Northern Gas Pipelines Limited.

  • view more

    Hussain Dawood was elected Chairman of Dawood Hercules Chemicals. Hussain Dawood joined Engro Corporation Board

    view more

    Elixir Securities, a full-service brokerage firm, was acquired.

  • view more

    Engro Vopak Terminal Limited was formed as a joint venture between Engro Corporation and Royal Vopak of The Netherlands, to satisfy the growing needs of the chemical and petrochemical industry in Pakistan

    view more

    Equity investments in Engro began. 27% of Engro Corp shares were acquired by Dawood Hercules Chemicals ltd

    view more

    Engro Asahi Polymer & Chemicals Limited was set up as a joint venture between Engro Chemical, Asahi Glass Company and Mitsubishi Company to set up a 100,000 ton capacity PVC Plant at Port Qasim

  • view more

    The business enterprise suffered further setbacks as the government of Pakistan nationalised a number of large Pakistani industrial undertakings; the Group lost its flagship, Dawood Petroleum Ltd.

  • view more

    Group investments in East Pakistan were lost with the creation of Bangladesh. The East Pakistan industrial undertakings constituted almost 60% of the Group’s activities.

  • view more

    Acquired Paper mills in East Pakistan that were heavily indebted to World Bank. Dawood Group turned the tables and repaid the amount.

  • view more

    Dawood Group started restructuring to become a multi-national.

  • view more

    Ahmed Dawood signed an agreement with the World Bank as part of his first job

    view more

    Dawood Hercules Chemicals Limited was established as joint venture between Dawood Group and Hercules Chemicals Inc. of USA. It was the first private sector venture in Pakistan to receive a loan from World Bank

  • view more

    Dawood Petroleum Limited was established

    view more

    Dawood Jute Mills and Dawood Shipping Company were founded.

    view more

    Inauguration of Karnaphuli Paper, Karnaphuli Rayon & Chemicals Limited was attended by President Ayub Khan and the entire cabinet.

    view more

    Dilon Limited, Pakistan’s first Nylon Yarn production facility was established in Karachi

  • view more

    TDF established Dawood College of Engineering and Technology with a dream of setting-up 6 similar colleges.

  • view more

    The Dawood Foundation, the Family charity trust was established

  • view more

    Lawrencepur Wollen & Textiles saw a revolutionary change as Dawood Group took over the mills. The new management took radical steps to expand and modernise the production facility.

    view more

    The group established Central Insurance Company and soon operated in all major cities of Pakistan, and transacted all conventional forms of insurance covers successfully

  • view more

    Burewala Textiles Mills was established in Punjab

  • view more

    Dawood Cotton Mills was set up in Karachi

  • view more

    The Dawood Group was formed which provided a platform for the establishment of many diverse businesses

  • view more

    Ahmed Dawood migrated to Pakistan

  • view more

    After his father’s death, Ahmed Dawood under his grandfather’s supervision establishes his own shop in Bombay

  • view more

    Ahmed Dawood is introduced to business basics through working at his grandfather’s shop of cotton yarn and various utilities in Bombay

  • view more

    Ahmed Dawood, Group Founder, born in Bantva India

  • 2020

  • 2019

  • 2018

  • 2017

  • 2016

  • 2015

  • 2014

  • 2013

  • 2012

  • 2011

  • 2010

  • 2009

  • 2007

  • 2006

  • 2004

  • 2003

  • 2002

  • 1997

  • 1974

  • 1971

  • 1970

  • 1969

  • 1968

  • 1967

  • 1962

  • 1961

  • 1960

  • 1954

  • 1950

  • 1948

  • 1947

  • 1920

  • 1917

  • 1905

Journey

100 YEARS

Our Journey So Far...

  • 2020

    • To play their collective part in the COVID-19 pandemic, The Dawood Foundation and Engro Foundation, under the guidance of Hussain Dawood, made a pledge for contribution in services, kind, and cash of PKR 1 billion for the short, medium, and long-term.

  • 2019

    • Dawood Hercules Corporation won the “Top 25 Companies for the Year” awards, announced by the Pakistan Stock Exchange (PSX). Hussain Dawood, the Chairman of Dawood Hercules Corporation was presented the award by Prime Minister of Pakistan Imran Khan.

    • Engro Polymer expansion

    • Sindh Engro Coal Mining Company Expansion.

  • 2018

    • Engro Energy Services Limited was established as a wholly owned subsidiary of Engro Energy Limited.

    • Engro Powergen Thar Private Limited was established and incorporated to set up 2 x 330 MW mine mouth power plants

    • DH Corp Ltd and Cyan Ltd sold their entire shareholding of 15.77% (cumulative) in Hub Power Company

  • 2017

    • Royal Freisland Campina bought 51% stakes in Engro Foods.

    • Engro Fertilizers Agritrade Private Limited was incorporated as a wholly owned subsidiary of Engro Fertilizers

    • Engro Digital Limited was incorporated as a wholly owned subsidiary of Engro Corporation

  • 2016

    • Tenaga Generasi launched 50 MW wind power

  • 2015

    • Kolachi PortGen Private Limited, a subsidiary of Engro PowerGen, incorporated with the objective to operate and own a Regasified Liquefied Natural Gas (RLNG) based power generation plant.

  • 2014

    • GEL Utility Limited, undertook a project of setting up a 72 MW triple redundancy captive power plant

  • 2013

    • Dawood Lawrencepur Limited diversified into alternative energy.

  • 2012

    • Classes for the first MBA Batch commenced in September, 2012 at Karachi School of Business & Leadership

    • DH Corp and its affiliates acquired shares in Hub Power Company

    • Hussain Dawood became the Chairman of Hub Power Company

  • 2011

    • Central Insurance was renamed as Cyan Limited and became an equity investment company

    • Dawood Hercules Chemicals Ltd. became Dawood Hercules Corporation Ltd. (DH Corp), a holding company which focuses on exploring investment opportunities.

    • Rice Processing Plant was set up in District Shaikhpura by Engro and began its commercial production

    • Engro Eximp FZE was incorporated in Jebel Ali Free Zone, Emirate of Dubai as a wholly owned subsidiary of Engro Eximp Private Limited

  • 2010

    • In June 2010 Dawood Hercules Chemicals Limited announces the demerger of its fertilizer business

    • Engro Powergen Qadirpur- flared gas, green power was set up

  • 2009

    • Engro Fertilizers Limited was incorporated in Pakistan with the objective of manufacturing, purchasing and marketing of fertilizers

    • Sindh Engro Coal Mining Company was formed under a Joint Venture Agreement between Government of Sindh, Engro Energy Limited and Engro Corporation Limited.

    • Engro Energy Limited with other entities incorporated “Pakistan Energy Gateway Limited” (PEGL)

  • 2007

    • Engro Polymer & Chemicals Limited undertook the expansion and back integration project to enhance the PVC capacity to 150 KT and set up an EDC-Vcal and Chlor-alkali plants

  • 2006

    • Engro Chemicals acquired the share holding of Asahi Class Company. The name of the company changed from Engro Asahi Polymer to Engro Polymer & Chemicals Ltd. Hussain Dawood became the Chairman of Engro Chemical Pakistan Ltd. on 25th April.

  • 2004

    • All textile companies of the Dawood group were amalgamated into a single entity named Dawood Lawrencepur Limited.

    • The Group acquired a majority stake in Inbox Business Technologies Private Limited – Pakistan’s leading computer brand

  • 2003

    • Dawood Hercules Chemicals Ltd. acquired 61 million shares (10%) is Sui Northern Gas Pipelines Limited.

  • 2002

    • Hussain Dawood was elected Chairman of Dawood Hercules Chemicals. Hussain Dawood joined Engro Corporation Board

    • Elixir Securities, a full-service brokerage firm, was acquired.

  • 1997

    • Engro Vopak Terminal Limited was formed as a joint venture between Engro Corporation and Royal Vopak of The Netherlands, to satisfy the growing needs of the chemical and petrochemical industry in Pakistan

    • Equity investments in Engro began. 27% of Engro Corp shares were acquired by Dawood Hercules Chemicals ltd

    • Engro Asahi Polymer & Chemicals Limited was set up as a joint venture between Engro Chemical, Asahi Glass Company and Mitsubishi Company to set up a 100,000 ton capacity PVC Plant at Port Qasim

  • 1974

    • The business enterprise suffered further setbacks as the government of Pakistan nationalised a number of large Pakistani industrial undertakings; the Group lost its flagship, Dawood Petroleum Ltd.

  • 1971

    • Group investments in East Pakistan were lost with the creation of Bangladesh. The East Pakistan industrial undertakings constituted almost 60% of the Group’s activities.

  • 1970

    • Acquired Paper mills in East Pakistan that were heavily indebted to World Bank. Dawood Group turned the tables and repaid the amount.

  • 1969

    • Dawood Group started restructuring to become a multi-national.

  • 1968

    • Ahmed Dawood signed an agreement with the World Bank as part of his first job

    • Dawood Hercules Chemicals Limited was established as joint venture between Dawood Group and Hercules Chemicals Inc. of USA. It was the first private sector venture in Pakistan to receive a loan from World Bank

  • 1967

    • Dawood Petroleum Limited was established

    • Dawood Jute Mills and Dawood Shipping Company were founded.

    • Inauguration of Karnaphuli Paper, Karnaphuli Rayon & Chemicals Limited was attended by President Ayub Khan and the entire cabinet.

    • Dilon Limited, Pakistan’s first Nylon Yarn production facility was established in Karachi

  • 1962

    • TDF established Dawood College of Engineering and Technology with a dream of setting-up 6 similar colleges.

  • 1961

    • The Dawood Foundation, the Family charity trust was established

  • 1960

    • Lawrencepur Wollen & Textiles saw a revolutionary change as Dawood Group took over the mills. The new management took radical steps to expand and modernise the production facility.

    • The group established Central Insurance Company and soon operated in all major cities of Pakistan, and transacted all conventional forms of insurance covers successfully

  • 1954

    • Burewala Textiles Mills was established in Punjab

  • 1950

    • Dawood Cotton Mills was set up in Karachi

  • 1948

    • The Dawood Group was formed which provided a platform for the establishment of many diverse businesses

  • 1947

    • Ahmed Dawood migrated to Pakistan

  • 1920

    • After his father’s death, Ahmed Dawood under his grandfather’s supervision establishes his own shop in Bombay

  • 1917

    • Ahmed Dawood is introduced to business basics through working at his grandfather’s shop of cotton yarn and various utilities in Bombay

  • 1905

    • Ahmed Dawood, Group Founder, born in Bantva India

CODE OF CONDUCT

We are committed to conducting our business activities on the principles of integrity, fairness and high ethical standards. This statement of Business Ethics constitutes the basis on which Dawood Hercules Corporation Limited (hereinafter called “the Company”) conducts its business. The Board of Directors and all employees, advisors and any others associated with the Company (“Associates”) are the custodians of the excellent reputation for conducting our business according to the highest principles of business ethics.

  • Company Statement On Business Ethics Practice
    • This statement of Business Ethics constitutes the basis on which Dawood Hercules Corporation Limited (hereinafter called “the Company”) conducts its business. The Board of Directors and all employees, advisors and any others associated with the Company (“Associates”) are the custodians of the excellent reputation for conducting our business according to the highest principles of business ethics. The reputation of the Company not only affects whether or not someone will do business with us, it also determines the pride we feel to be associated with the Company.
    • We are committed to conducting our business activities on the principles of integrity, fairness and high ethical standards, in honest and sincere alignment with our Core Values and in full compliance with all the applicable laws and regulations. We also believe in treating our Associates with the same principles in order to build mutual respect, open communication, confidence and trust.
    • In order to maintain and enhance our reputation for integrity in our business, it is important for all of us individually and collectively to adhere to the highest moral, ethical and legal standards. For this purpose, the Company has clearly defined a Business Code of Conduct (the “Code”) which sets below the values, rules and standards expected of usfor our behaviors and actions.
  • Our Core Values
    • Integrity:
      We will conduct ourselves with uncompromising ethics and honesty at all times, in all situations, both professionally and personally. We will build our own credibility and contribute to creating a culture of trust.
    • Diversity:
      We will respect the dignity, rights and views of others and will provide unrestricted opportunity for personal advancement to employees irrespective of gender, ethnicity, beliefs, cultures and religions. We will treat others in the same way as we, ourselves, would want to be treated.
    • Accountability:
      We will be accountable as individuals and as employees for our ethical conduct and for compliance with applicable laws, policies and directives of the management. We will take full ownership for our actions and results and will not pass on blame to others if something does not work out.
    • Commitment to Excellence:
      We will drive and achieve results while pursuing the highest standards and maximizing the use of resources. We will develop a growth mind-set and commit to continuous improvement, learning and being an agent of positive change.
    • Teamwork:
      We will work as a team to achieve common goals and solve problems whilst fairly recognizing and rewarding individual contributions on merit. We will help each other, provide constructive feedback and resolve conflicts in an amicable manner.
  • Rules

    The Company takes pride in adhering to its principles and values and shall continue to perform its business on the basis of the following standards/rules and all its Associates, vendors and consultants are expected to abide by the same.

    3.1 Corporate Governance and Compliance with Law:
    • a. The Company will set a high standard of corporate governance. Policies for conducting business shall be based on transparency and integrity and will comply with applicable laws of the country, SECP regulations and contemporary accounting standards, both international and local.
    • b. The Company’s funds shall not be used, directly or indirectly, for the purpose of any unlawful payments. This includes, but is not limited to, any activities that are, or relate to money laundering and terrorism financing.
    • The concept of free and open competition underlines various applicable laws on competition. Associates are advised not to enter into discussions or arrangements with competitors or suppliers that would violate these laws in any way. Developing any alliance within any segment or industry related to any of our businesses or associated companies with the intent to distort pricing and availability is contradictory to our business code of conduct
    3.2 Accounting and Recording:
    • a. All assets and financials of the Company must be accounted for accurately and as per applicable regulations.
    • b. Falsification of records for any reason shall not be tolerated. Do not make false or fraudulent entries in records, expense statements/claims, invoices or any other documents nor alter them with mala-fide intention or without authorization.
    3.3 Confidential Information Protection:
    • a. Ensure compliance with the Company’s Confidential Information Protection Policy. Neither solicit Confidential Information from others nor disclose the Company’s Confidential Information to any unauthorized person or party. These obligations apply, both, during association/employment with the Company and at least five (05) years subsequent to it.
    • b. “Confidential Information” means any intellectual property, including copyright material, trade secrets, patents, organizational strategy, data and information about business transactions, including but not limited to investments, divestments, mergers and acquisitions, cost, pricing, margins, information about customers, suppliers and any policies, documents and information relating to the business and financial activities of the Company, payroll/remuneration information, confidential information about other companies, insider information, and any other critical information that any individual may make, discover or have access to during the course of their association/employment with the Company and any information generated by the Associates individually or collectively that contains, reflects, or is derived from any of the foregoing. Any unauthorized disclosure of which could, but not limited to, embarrass, harm or otherwise damage the Company’s business, assets, shareholders and/or its reputation. Confidential Information in whatever medium shared whether unmodified or modified by Associates, whenever and however disclosed whether or not classified, communicated or marked as confidential shall be construed as Confidential Information.
    • c. Ensure a non-disclosure agreement is signed with all external parties prior to starting any assignment with them.
    3.4 Conflict of Interest:
    • Any unfair or corrupt practices either to solicit business for the Company or for personal gain is fundamentally inconsistent with the Company’s business code of conduct. Avoid situations in which personal interest, relationships and activities conflict with or interfere with your duty to be loyal to the Company and prevent you from acting in the best interest of the Company at any time. Ensure compliance with the Company’s Conflict of Interest Policy
    3.5 Outside Directorship:
    • Associates are sometimes invited to serve on the Board of Directors of for-profit organizations that are not part of the Company structure. Such directorships may provide benefits to the Company under certain circumstances such as broadened perspective, knowledge of significant issues or deepen an individual’s understanding of financial or other business disciplines. However, no employee should accept such offers of Directorship without prior written permission from the Company. Directors, if offered a directorship at another company must disclose it to the Board and ensure there is no conflict with the Company’s interest.
    3.6 Use of Company Assets:
    • Use the assets of the Company solely for the benefit of the Company and for legitimate business purposes and not for personal gain. The assets of the Company are much more than company funds, its physical assets (including but not limited to, land, machinery, office equipment, tools, vehicles, etc.), inventory, office supplies, furniture and fixtures. It also includes all intellectual property and other Confidential Information.
    3.7 Electronic Communication and Technology:
    • a. The communication services, computers, and all other electronic systems, including email, internet, cloud services, etc. provided by the Company are for the sole purpose of conducting the Company’s business. These systems are not intended to be used for conducting personal business, playing games, storing personal documents, or for any other personal reason. Nor should they be used in any way that may be seen as insulting, disruptive or offensive by other persons. Inappropriate use of the Company’s communications and/or computer systems may result in disciplinary action, up to and including termination.
    • b. All electronically based computer programs and software are owned and licensed to the Company and may not be used or copied for personal use or for any non-Company business purpose. Users are prohibited from installing any unauthorized software onto computers owned by the Company.
    • c. All portable equipment and communication devices provided to the user for business use must be returned in good working condition when such equipment is no longer required or prior to separation from the Company. Any damage beyond reasonable wear and tear shall be the financial responsibility of the user.
    • d. Associates must refer to and ensure compliance with the Company’s detailed IT Policy.
    3.8 Gifts:
    • The Company’s business interests are best served when it is free from influences of any sort. Therefore, as a standard business practice, the Company discourages the giving and receiving of gifts and entertainment except in cases where it is required for business needs. Associates must ensure compliance with the Gift and Business Entertainment Policy which defines the rules, criteria and authority limits for giving/receiving gifts and entertainment.
    3.9 Safety, Health and Environment:
    • a. The Company is committed to providing a safe and healthy workplace to its Associates and to visitors. The Company is equally committed to preventing deterioration of the environment and minimizing the impact of its operations.
    • b. We each have a responsibility to abide by safe operating procedures, to guard our own and our fellow Associates’ safety and health, and come up with ideas for environment-friendly work practices that will help to control environmental hazards and pollution.
    • c. Associates must ensure compliance with the HSE procedure, report incidents, hazards and near misses and share learnings in order to build a culture of safety.
    3.10 Dealing with Each Other:
    • We each have a responsibility to treat all people with professionalism, courtesy and honesty and respect their dignity, rights and views, without discriminating against ethnicity, national origin, culture, beliefs, religion, age, gender, gender orientation, disability, etc.
    • b. Effective teamwork is an essential part of a productive workplace. You must contribute to your team by acknowledging the contributions of others and cooperate with other team members assisting them whenever required.
    • c. Ensure compliance with the policy on “Protection against Harassment at the Workplace” and “Workplace Etiquette” guidelines.
    3.11 Corporate Social Responsibility:
    • a. The Company is fully committed to the principle of Corporate Social Responsibility (CSR) and CSR will become embedded, where appropriate, into our policies and practices, to the benefit of Associates as well as the wider community. Refer policy on Corporate Social Responsibility for more detail.
    • b. The Company believes in making charitable contributions and community development without political and religious affiliations and without demand or expectation of any business return. The Company shall contribute its resources with an unprejudiced approach for the betterment of society and the environment.
    3.12 Representing the Company in Media:
    • Only authorized spokespersons shall be entitled to speak on behalf of the Company in front of public gatherings and media and especially in the event of a crisis. Corporate Affairs shall help in developing the speech and Company material to be presented.
    3.13 Agreements:
    • Agreements with agents, advisors or consultants must be in writing and must clearly and accurately set forth the services to be performed, and the applicable remuneration. Any such payments must be reasonable in amount, not excessive in light of the practice in the trade, and commensurate with the value of the services rendered. Such agreements may be publicly disclosed if required by law or court at any time.
    3.14 Talent Acquisition:
    • The Company will ensure its recruitment and selection process is based on merit and free from discrimination.
    3.15 Auditing:
    • The Company’s internal and external auditors shall be given access to information necessary for them to conduct audits properly and accurately.
  • Implementation
    4.1 Employees’ Responsibility:
    • a. This Business Code of Conduct defines the standards expected of us for all our actions and behaviors while working for the Company. Any failure to adhere to the provisions contained herein can make the violator liable for disciplinary action up to and including termination.
    4.2 Managements’ Responsibility:
    • Management is responsible for ensuring that the provisions of this Code are implemented and used to guide the actions of Associates under their respective supervision and to hold them accountable for compliance.
    4.3 Board of Directors’ Responsibility:
    • a. The Board of Directors of the Company are committed to ensuring that management is conducting its business in accordance with the provisions of the Code
    • b. The Board upon notification of willful violations of this Code shall assure that violations will be addressed, and that proper corrective action is taken.
    • c. The Board will further see that measures are put in place to prevent recurrence of violation.
  • Reporting Violations And Action Against Breach
    • a. Associates must report any violations to the designated authority as per the procedure defined in the Whistleblower Policy and documented on the Learn & Share Report. This will ensure that proper action is taken for any reported violations.
    • b. Any breach of this Business Code of Conduct shall be sufficient grounds for the Company to initiate disciplinary action (Refer Disciplinary Action Procedure – Annexure G) against any violator. If the violation is proven, the Company will have the right to terminate the employment or contract without giving any notice or pay in lieu thereof and may seek legal recourse against the violator, if required.
    • c. The Company will ensure that Associates reporting a violation do not face any retaliation, demotion, penalty or any other adverse consequences due to reporting and that all cases are dealt with in a fair and just manner.
  • Amendments
    • The Company reserves the right to change or withdraw all or any part of the policy at any time. Any deletions / additions of rules shall be reviewed by the Board Audit Committee and approved by the Board.