Globus Spirits

• Globus Sprits establishes a new hub for innovation in beverages in Hubli

• Investor Event

• 2010 half-year results (press release and roadshow presentation)

• 2010 nine month sales (press release, conference call and press conference), New Delhi

• 2010 full year results (press release, conference call and press conference)

Mr. Gautam Premnath Khandelwal

Chairman

 

Mr. Ajay Kumar

Managing Director

 

Mr. Manik Lal Dutta

Executive Director

 

Mr. Deepak Roy
Director

 

Mr. Joginder Singh Dhamija

Director

 

Mr. Santosh Kumar Biswal

Director

 

Mr.R.K.Malik

Director

 

 

Mr.R.D.Agarwal

Director

• We believe in continuous innovation and creation.

• We encourage teamwork and open discussion.

• We work in harmony with the environment and society.

• We build trust based on honesty and integrity.

• We work in compliance with 'best practices' as outlined in the combined code of conduct.

At Globus Spirits, our vision is to create & nurture alcohol beverage brand of choice for progressive young Indians; and our mission is to be a leading player in the emerging IMFL segment with more than 10% segment share by 2012. We are determined to achieve our goals while adhering to the highest set of values and business ethics.

• Adopting innovative business techniques to meet desired results.

• Striving for sufficient profits to finance our company growth and create greater value for our shareholders.

• Focusing atbuilding close affiliations and encouraging active team work.

• Delivering products and brands of the highest quality that earn the respect and the loyalty of our customers and consumers.

• Living up to our responsibilities towards society, by being an economic, intellectual and social asset for the communities with which we interact.

The Articles of Association contain, as per the law requires, provisions on the company name, address and domicile, the purpose of the company, the amount of share capital and the contributions made thereto, the number, the par value and the type of shares, the calling of a general meeting of shareholders and the voting rights of them, the bodies for the administration and the audit, and the form in which the company shall publish notices.

The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, was amended on 22nd February, 2002 (hereinafter referred to as the Regulations in terms of which the Company is required, inter alia, to frame a Code of Conduct for prevention of insider trading by employees of the Company, including the Directors, in relation to the securities of the Company. 'Securities' for the purpose of this Code shall include Equity shares of the Company. Employees of the Company, including Directors, when in possession of any unpublished price sensitive information, as defined in the Regulations, pertaining to the Company, shall not:

• Buy / sell securities of the Company, either on their own behalf or on behalf of any other person.

• Communicate, counsel or procure any unpublished price sensitive information to / from any person.

Restriction to Buy/Sell Securities by Designated Employees :

The Designated Employees shall cover the following:

• Directors, Executive and Non-Executive.

• Senior Vice Presidents and Vice Presidents.

• Employees in Finance and Secretarial functions located at the Registered Office in New Delhi and Corporate Office at Noida.
  

• Such other employees as may be determined by the Committee of Directors (COD) from time to time.

• Designated Employees shall not buy / sell securities of the Company during Closure of The Trading Window the period during which trading in the securities of the Company is prohibited.

Introduction :

This Code of Ethics for Board of Directors and Senior Executives - AVP and above of Globus Spirits Limited ("the Company helps in maintaining and following the standards of business conduct of the Company. The purpose of the Code is to deter wrongdoing and promote ethical conduct in the Company. The matters covered in this Code are of utmost importance to the Company, its stakeholders and business partners. Further, these are essential so that we can conduct our business in accordance with our stated values.


Honesty & Ethical Conduct :

All Directors and Senior Executives are expected to act in accordance with the highest standards of 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 Directors and Senior Executives represent the Company.


Conflicts of Interest :

An Officer's duty to the Company demands that he or she avoids and discloses actual and apparent conflicts of interest. A conflict of interest exists where the interests or benefits of one person or entity conflict with the interests or benefits of the Company.


Connection with Press :

The Managing Director of the Company or any other executive authorized by the Managing Director is the only 'Spokesman' who would interact with the media/ radio/ press. No other officer will make any statement in press/ media. No officer of the Company can criticize the Company in any article/ in radio/ TV broadcast etc.


Disclosure :

Our policy is to provide full, fair, accurate, timely, and understandable disclosure in reports and documents that are filed with, or submitted to any outside agency and in our other public communications. Accordingly, the Directors and Senior Executives must ensure that they and others in the Company comply with company's disclosure controls and procedures, and our internal controls for financial reporting.


Compliance with Government Laws, Rules & Regulations :

Senior Executives must comply with all applicable governmental laws, rules and regulations. Senior Executives must acquire appropriate knowledge of the legal requirements relating to their duties sufficient to enable them to recognize potential dangers, and to know when to seek advice. Directors and Senior Executives must comply with the company's internal policies. HR Department will arrange training for those employees who are discharging the functions relating to compliance with the rules/ laws/ technical know and research & Development activities for their respective departments.


Violations of the Code :

Part of an Officer's job and of his or her ethical responsibility is to help enforce this Code. Directors and Senior Executives should be alert to possible violations and report this to the Head of HR/Secretarial Department/Managing Director. Directors and Senior Executives must cooperate in any internal or external investigations of possible violations. Reprisal, threat, retribution or retaliation against any person who has, in good faith, reported a violation or a suspected violation of law, this Code or other Company policies, or against any person who is assisting in any investigation or process with respect to such a violation, is prohibited.


Waivers & Amendents of the Code :

We are committed to continuously reviewing and updating our policies and procedures. Therefore, this Code is subject to modification. Any amendment/ inclusion or waiver of any provision of this Code must be approved by the Company's Board of Directors.