Code of Conduct
This Code of Conduct reflects values of the Sturdy Engineering Tools culture, and is also ensuring compliance with Clause 49 of the Listing Agreement with the Stock Exchange. The Code of Conduct for Sturdy Engineering Tools Private Limited is to ensure ethical conduct in the business. We work to create added value for our stakeholders without compromising the high standards we set in terms of our environmental and social responsibility.
All personnel shall observe and implement the code of Conduct in their official day to day activities.
The Board of Directors shall determine the appropriate action to be taken in the event of violation of this Code
All Board members and Senior Management personnel of the Company shall deal on behalf of the Company with professionalism, honesty and integrity, as well as high moral and ethical standards. Such conduct shall be fair and transparent and be perceived to be as such by third parties.
All Board members and Senior Management personnel shall, in his or her business conduct, comply with all applicable laws and regulations, both in letter and in spirit, in all the territories in which he or she operates. If the ethical and professional standards set out in the applicable laws and regulations are below that of the code, then the standards of the Code shall prevail.
Financial Reporting and Records
The Company shall prepare and maintain its accounts fairly and accurately in accordance with the accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards, laws and regulations of India. Internal accounting and audit procedures shall fairly and accurately reflect all of the company’s business transactions and disposition of assets. All required information shall be accessible to Company auditors and other authorised parties and government agencies.
There shall be no willful omissions of any Company transactions from the books and records, no advance income recognition, and no hidden bank account and funds.
Protecting Company Assets
The assets of the Company shall not be misused but shall be employed for the purpose of conducting the business for which they are duly authorized. These include tangible assets such as equipment and machinery, systems, facilities, materials and resources as well as intangible assets such as proprietary information, relationships with customers and suppliers, etc.
Quality of Products and Services
The Company shall be committed to supplying goods and services of the highest quality standards, backed by efficient after-sales service consistent with the requirements of the customers to ensure their total satisfaction.
The 7 Golden Principles
1 We respect the rights of the individual, act in accordance with fair business, marketing and advertising practices and are committed to continuously developing the safety and quality of our products and processes.
2 We respect the rule of law, conduct our business with integrity and honesty and are accountable for our actions.
3 We continuously work to reduce the negative impact of our operations on the environment and health.
4 We do not engage in illegal operations or operate in the context of illegal activities.
5 We do not tolerate the offering, solicitation or acceptance of bribes.
6 We are all entitled to alert the designated compliance officers if we witness any violations of laws or of this Code of Conduct.
7 Sturdy listens to its stakeholders and takes their opinions into account with the objective of ensuring the sustainable success of our company
Health, Safety and Environment
The Company shall strive to provide a safe and healthy working environment and comply, in the conduct of its business affairs, with all regulations regarding the preservation of the environment of the country.
The Company, all Board members and Senior Management personnel shall provide equal opportunities to all its employees and all qualified applicants for employment, without regard to their race, caste, religion, colour, ancestry, marital status, sex, age, nationality and disability. Employees of the Company shall be treated with dignity and in accordance with our maintaining a work environment free of sexual harassment, whether physical, verbal or psychological.
Our Code of Conduct, combined with our rules of corporate governance and our policies, provide the framework for our operations. The Code is applicable to all employees, officers and Board members of the company, in all markets and at all times.