Code Of Conduct

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=3 height=90 BGCOLOR="#006699" TEXT="#080000" background="04b785a3.jpg"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B>Brushman (India) Limited</B></FONT><B>    </B><B> |     </B><A HREF="default.htm" TARGET="_top" TITLE="Brushman (India) Limited"><U><B>home</B></U></A></div> <div> <A HREF="id176.htm" TARGET="_top" TITLE="Our Company"><U>Our Company</U></A>   |   <A HREF="id169.htm" TARGET="_top" TITLE="About Us"><U>About Us</U></A>   |   <A HREF="id227.htm" TARGET="_top" TITLE="Corporate Vision"><U>Corporate Vision</U></A>   |   <B>Code Of Conduct</B>   |   <A HREF="id172.htm" TARGET="_top" TITLE="Location"><U>Location</U></A>   |   <A HREF="id173.htm" TARGET="_top" TITLE="Whos Who"><U>Who's Who</U></A>   |   <A HREF="id174.htm" TARGET="_top" TITLE="Contact Us"><U>Contact Us</U></A>   |   <A HREF="id175.htm" TARGET="_top" TITLE="Links To Our Partners"><U>Links To Our Partners</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" rowspan="2" width=210 BGCOLOR="#FFCC66" TEXT="#080000" background="04cd2b03.jpg"> <div> <IMG SRC="0554c460.jpg" border=0 width="76" height="70" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <bR> <bR> <div> <A HREF="id171_m.htm#preface" TARGET="TRLX_Middle" TITLE="Code Of Conduct"><U>Preface</U></A></div> <div> <A HREF="id171_m.htm#code" TARGET="TRLX_Middle" TITLE="Code Of Conduct"><U>Code Of Conduct</U></A></div> </td> <td valign="top" height=366 colspan=2 BGCOLOR="#FFFFFF" TEXT="#080000" bgproperties="fixed" background="0e400c00egerdp.jpg"> <div> <I>Code Of Conduct</I></div> <bR> <div> Code of conduct for directors and members of Senior Management.</div> <bR> <div> <B> <A NAME="preface"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B><B>Preface</B></div> <bR> <div> The code of conduct shall apply to the directors and members of the senior management of Brushman (India) Limited (referred as BIL or the Company)</div> <bR> <div> For this code, members of the senior management (hereinafter referred to as senior managers) shall mean the Company, who are members of the core management team, but shall exclude the whole time directors.</div> <bR> <div> Directors and senior managers shall observe the highest standards of ethical conduct and integrity and shall work with ability and judgment. Directors and senior managers shall be governed by the rules and regulations of the Company applicable to them from time to time.</div> <bR> <div> Directors and senior managers shall affirm compliance with this code on an annual basis as at the end of each Financial Year.</div> <bR> <div> <B> <A NAME="code"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B><B>Code of Conduct</B></div> <bR> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Directors and senior managers shall ensure that they use the Company's assets, properties and services only or as per the terms of appointment.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Directors and senior managers shall not receive directly or indirectly any benefit from the Company's business which is intended or can be perceived as being given to gain favour for dealing with the Company.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Directors and senior managers shall ensure the security of all confidential information available to them in duties.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">No director or senior manager, other than the designated spokesperson(s) shall engage with any member in matters concerning the Company. In such cases, they should direct the request to the designated spokeperson(s).</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Directors and senior managers shall not engage in any material business relationship or activity which conflicts with the duties of the Company.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Senior managers shall not, without the prior approval of the managing director of the Company, accept any position of responsibility with any organization for remuneration or otherwise. In case of wholetime director approval must be obtained from the Board of Directors of the Company.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Directors and senior managers shall declare information about their relatives (spouse, children and parents to the Company).</div> <div> <IMG BORDER="0" SRC="Symb075c00b700f099333300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Senior managers shall follow all prescribed safety and environment related norms.</div> <bR> <div> Directors and senior managers will annually sign a confirmation that they have read and will comply with this code.</div> <bR> </td> </tr><tr> <td valign="top" colspan=2 height=24 BGCOLOR="#FFCC66" TEXT="#080000"> <bR> </td> </tr></table></body>