Code of Conduct For Board Members and Senior Management Personnel I. INTRODUCTION This code of conduct for Board members and senior management personnel (the “Code”) helps to attain professional standards for the Personnel of Arihant Foundations & Housing Limited, the “Company” and ensures compliance with legal and statutory requirements. The purpose of the code is to act bonafide in the best interest of the Company, to our shareholders and to our business partners. These are essential so that we can conduct our business in parlance with national standards. Applicability: The code of conduct is applicable to: All the Board Members of Arihant Foundations & Housing Limited All professionals and personnel serving in the role of finance, tax, accounting, purchase, treasury, internal audit, financial analyst and investor relations. Further, this includes all disclosure committee members, all members of the senior management, the members of the audit committee. Accordingly, personnel are expected to read and understand this code, uphold these standards in day-to-day activities, and comply with all applicable laws, rules and regulations, the ‘Company’s code of conduct and all applicable policies and procedures adopted by the Company that govern the conduct of its employees. II. HONEST AND ETHICAL CONDUCT All personnel are expected to act in accordance with personal and professional integrity, honesty and ethical conduct, while working on the Company’s premises, at Company sponsored business and social events, or at any other place where personnel are representing the Company. Honest and ethical conduct for the “Company” is conduct without fraud and deception and the conduct in conformity with the accepted professional standards which also includes ethical handling of actual and apparent conflicts of interest between personal and professional relationship. III. CONFLICTS OF INTEREST A conflicts of interest exists where the interests or benefits of one person or entity conflict with the interests or benefits of the Company: Meticulous care to be taken on the following aspects: a. Employment/ outside employment: In consideration of employment with the Company, personnel are expected to devote their full attention to the business interests of the Company. Personnel are prohibited from engaging in any activity that would conflicts with or prejudicial to the interest of the Company. Personnel including member of the Board should disclose to the Company, any interest that they have that may conflict with business of the Company. b. Outside Directorships: It is a conflict of interest to serve as a director of any Company that competes with the Company. Personnel at senior management level and members of the Board must first obtain approval of the Board before occupying the position of directorship, membership of committee and Chairmanship in any other Company. c. Business Interests: It is the duty of every officer of the Company to ensure that the affairs of the Company are conducted in fair and judicious manner with sound business principles and prudent commercial practice and is not detrimental to the interest of the Company, Shareholders and the general Public. d. Other situations: Since other conflicts of interest may arise, it would be impractical to attempt to list all possible situations. Therefore arising of any such transaction or situation relating to conflicts of interest will be put before the Board for redressal. IV. DISCLOSURE TO SHAREHOLDERS, STATUTORY AUTHORITIES AND PUBLIC.
According to the Company’s code of conduct, all disclosures to shareholders, statutory authorities, governing bodies and Public should be fair, accurate, understandable and timely relating to following aspects: (i) Filing of documents, forms and returns with statutory authorities (ii) Notices and reports to the shareholders, statutory authorities and Public Accordingly, the personnel of the Company ensure that they and others in the Company comply with our disclosure controls and procedures, and our internal controls for various reporting. V. COMPLIANCE WITH GOVERNMENTAL LAWS, RULES ANDREGULATIONS. Personnel must comply with all applicable governmental laws, rules and regulations. They must update themselves with the knowledge relating to legal and statutory requirements which will enable them to find out the areas of weakness and to take necessary steps in time so as to avoid offence and the imposition of penalty and fines. Consequences for non compliance with the applicable governmental laws, rules and regulations: Incase of violation/ non compliance of applicable governmental laws, rules and regulations, it may subject the officer in default to individual criminal or civil liability as well as to disciplinary action by the Company. Such non compliances may also subject the Company to civil or criminal liability or the loss of business. VI. VIOLATION OF THE CODE The Company will take appropriate action against any officers whose actions are found to violate the code or any other policy of the Company. VII. WAIVERS AND AMENDEMTS OF THE CODE The code of conduct is subject to modification. Any amendment or waiver of any provision of this code must be approved in writing by the Company’s board of directors and promptly disclosed on the Company’s website. VIII.ACKNOWLEDGEMENT OF RECEIPT OF CODE OF CONDUCT FOR BOARD MEMBERS AND SENIOR MANAGEMENT PERSONNEL. I have received and read the Company’s code of conduct. I understand the standards and polices contained in the code. I agree to comply with the code. Officer name ……………………………. Signature…………………………………. Date………………………………………. | 
