STI India Limited

Code of Conduct for Board Members and Senior Management


This Code of Conduct (hereinafter referred to as "the Code") has been adopted by the Board of Directors of STI India Limited (hereinafter referred to as "the Company") to comply with the provisions of Clause 49 of the Listing Agreements entered into with the Stock Exchanges.

Scope & Applicability

The Code of Conduct shall apply to all the Board Members and Senior Management Employees of the Company, which includes all Functional & Department Heads (hereinafter refered as “Specified Executives”). The Company Secretary shall be the Compliance Officer for the purpose of this Code. The Code of Conduct shall become effective from 1st January, 2006 and all amendments to the code shall come into effect from the date of its modification. In compliance of the listing agreement the Code shall be posted on the website of the Company.

Code of Conduct

The Board of Directors, along with the Management, shall ensure that the Company is well managed in the interest of its all stakeholders. While the Board of Directors shall be the Company’s prime decision-making authority, the Board of directors are not expected to look after the day-to-day management of the Company. Therefore all the Specified Executives shall observe the highest standards of Corporate Governance, Ethical Conduct and Integrity and shall work to the best of their ability and judgment to protect Company’s interest.

All the Specified Executives of the Company:
Compliance of the Code of Conduct

Each Board Members and Senior Managers shall acknowledge receipt of the Code or any modification(s) thereto, in the prescribed form annexed to this Code as Appendix - 1 and forward the same to the Compliance Officer. Board Member and Senior Managers shall confirm compliance with this Code on an annual basis as at the end of the each financial year of the Company in the prescribed format as Appendix - 2 at the earliest on the close of every financial year. Any breach of the aforesaid Code shall be brought to the notice of the Compliance Officer or appropriate authority for necessary action.

Producer of 100 % Cotton/ Organic Cotton Yarn (Super Combed & Super Carded)  & Knitted Fabric(Grey) -Single Jersey, Honeycomb, PIQUE