1. Introduction: Milestone Furniture Limited (hereafter referred to as “the Company”) is committed to conducting its business operations with the highest level of integrity, transparency, and adherence to ethical standards. As a publicly traded listed company, the Company recognizes its responsibility to comply with all applicable laws and regulations of the jurisdictions in which it operates, with a particular focus on adhering to the regulations set forth by the Securities and Exchange Board of India (SEBI), including insider trading regulations and the Listing Obligations and Disclosure Requirements (LODR).
2. Compliance with Laws and Regulations: The Company shall fully comply with all relevant laws, rules, and regulations applicable to its business operations. We are committed to upholding the principles of good corporate governance and will continually monitor and adapt our practices to align with changing legal and regulatory requirements.
3. Insider Trading and Market Abuse: The Company strictly prohibits any form of insider trading, market manipulation, or abuse of price-sensitive information. Employees, officers, directors, and all other insiders are explicitly prohibited from trading in the Company’s securities while in possession of unpublished price-sensitive information or during specified trading windows.
4. Disclosure and Transparency: The Company recognizes the importance of timely and accurate disclosure of material information to all stakeholders. We will promptly disclose all material information and events as required by SEBI’s LODR and other applicable regulations. The communication of such information shall be done through appropriate channels to ensure equitable access to all investors.
5. Conflicts of Interest: All employees and directors of the Company shall avoid conflicts of interest between their personal interests and the interests of the Company. They shall not engage in any activity that could compromise the Company’s integrity or create conflicts with their fiduciary duties.
6. Protection of Company Assets: Employees and stakeholders are expected to use the Company’s assets and resources responsibly and solely for legitimate business purposes. Unauthorized use, misappropriation, or theft of Company assets is strictly prohibited.
7. Whistleblower Policy: The Company maintains a robust whistleblower policy to encourage employees and stakeholders to report any concerns or suspicions of unethical behavior, financial irregularities, or potential violations of laws and regulations. The Company ensures that whistleblowers are protected from any adverse actions resulting from reporting in good faith.
8. Anti-Bribery and Anti-Corruption: The Company prohibits any form of bribery or corruption, whether direct or indirect, and is committed to maintaining a corruption-free business environment. Employees and stakeholders must not offer, solicit, or accept any form of improper advantage.
9. Environmental and Social Responsibility: The Company acknowledges its responsibility to minimize its environmental impact and actively contribute to social and community development. We strive to operate in an environmentally sustainable manner and uphold ethical practices in our social initiatives.
10. Training and Awareness: The Company will conduct regular training and awareness programs to educate employees and stakeholders about the importance of corporate ethics and the implications of non-compliance.
11. Reporting and Enforcement: Any violation of this Corporate Ethics Policy will be subject to appropriate disciplinary action, which may include termination of employment, legal action, or other measures as deemed necessary. The Company’s management and Board of Directors are committed to enforcing this policy consistently and fairly.
Conclusion: The Corporate Ethics Policy of Milestone Furniture Limited serves as a foundation for maintaining the Company’s reputation as a responsible, transparent, and ethical business entity. The policy is subject to periodic review and updates to ensure continued alignment with the changing regulatory landscape and evolving business practices. All employees and stakeholders are expected to uphold and promote the principles outlined in this policy to create a culture of trust and integrity within the organization and the community we serve.