Introduction:

Torrent Gujarat Biotech Ltd. (TGBL) is one of the leading manufacturer of Penicillin-G in India. This is possible by providing high standard of leadership, utmost integrity. Continued honest and ethical business conduct shall earn us the trust of our customers, suppliers, investors, regulators, employees and at the same time sustaining our long term commitment to the shareholders.

The image of Company and goodwill that we generate in the market determines our success. We value our employees and believe and it is important that top management gives strong support to ethical conduct in order to enhance employee identification with the Company.

This Code of Conduct, like any other code, begins with the principles that we always strive to abide by and obey all laws and regulations, in letter and spirit, which are applicable to our business.

The following Code of Conduct shall serve a framework within which actions can be taken, in case the law and regulations do not provide proper course of action. The idea is to provide specific measures to ensure the high professional standards of integrity.

What is this Code?

This Code of Conduct enhances the informal and long standing Company’s business conduct policy in a practical and easy to understand. This code is not entirely new. It organises, summarises and updates into one convenient guide, policies that we have followed for years. The other corporate and operating policies wherever required shall supplement the code.

Why this Code?

The Securities Exchange Board of India (SEBI) has revised Clause 49 of the Listing Agreement requiring the Company to lay down the Code of Conduct for all Board Members and Senior Management Personnel of the Company.

This code shall help us in fulfilling our duties and outline appropriate business conduct in mechanism for addressing the issues and questions. Dedication to principles will enhance our corporate reputation.

Who should follow the Code?

Code of Corporate ethical conduct is our shared values. These shared values define who we are and what we can expect from each other. This code applies to employees of the Company but lays, more responsibilities on the Board of Directors and Senior Management Personnel. It is for them to set an example for other employees to follow and emulate.
This code should be used in every day performance of regular duties especially when representing the Company.

Whom to look upto?

When in complying with this code and other regular duties, if any, help or guidance is required, ask to superior and do not fail to ask for help till the problem at his end is resolved. If the problem is of legality, ask the Secretary being the Compliance Officer of the Company.

Corporate ethics have to be followed on daily basis. We all must:

• Know and follow this code of conduct;
• Know and comply with the requirements and expectations that apply to our jobs;
• Take responsibility for our own conduct;
• Report possible Code of Conduct violations to appropriate authority;
• Co-operate with any investigation of a potential code of conduct violation.