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Auckland

International Limited

CIN:L36934WB1977PLC031184

MANAGEMENT

 

The Company is managed by well experienced Board of Directors and Officers having vast knowledge in the field of Company’s activities. The production process are being taken care by well established Managers’ supported by other Staff Members in the field of various stages of production. The Company always maintains cordial relationship with the employees of all categories.

 

CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION

[Pursuant to Regulation 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015]

 

INTRODUCTION:

The Board of Directors of Auckland International Limited shall adhere to the practices and procedures detailed in this Code of practices and procedures for fair disclosures of unpublished price sensitive information (herein after called ‘UPSI’) which is in compliance with Regulation 8(1) of SEBI (Prohibition of Insider Trading) regulations, 2015 read with Schedule A of the Regulations. This code is adopted by the Board at its meeting held on 30th May, 2015, in order to ensure fair disclosure of events and occurrences that could potentially impact price of listed securities of the Company in the market.  

 

AMENDMENT, MODIFICATION AND WAIVER:

This Code may be amended, modified or waived only by the Company’s Board of Directors and must be publicly disclosed if required by any applicable law or regulation. As a general policy, the Board will not grant waivers to the Code.

 

TITLE:

This Code will be known as "Code of practices and procedures for fair disclosures of unpublished price sensitive information" hereinafter referred to as this Code.

 

EFFECTIVE DATE:

This code has been adopted by the Board of Directors at its meeting held on 30th May, 2015 and is made effective since the date of its adoption.

 

PURPOSE:

In terms of regulation 8(1) of the newly introduced SEBI (Prohibition of Insider Trading) regulations, 2015, it is mandatory for every listed company to formulate and publish on its website a Code of practices and procedures for fair disclosures of unpublished price sensitive information in adherence to the principles set out in the said regulations.

 

The Code seeks to ensure timely and adequate disclosure of unpublished price sensitive information by the Company to the investor community. It will be applicable to Company’s Directors, promoters, officers, employees and connected persons.

 

The Company shall follow the Principles of Fair Disclosure for purposes of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information detailed hereunder:

a)         The Company shall ensure prompt public disclosure of UPSI that would impact price of Equity               Shares or securities of the Company no sooner than credible and concrete information comes               into being in order to make such information generally available.

b)         The Company will ensure uniform and universal dissemination of UPSI to avoid selective                          disclosure.

c)          The Company Secretary & Compliance Officer of the Company shall act as the Chief Investor                  Relations officer to deal with dissemination of information and disclosure of unpublished                        price sensitive information.

d)        The Company shall ensure that any Price Sensitive Information which has to be disclosed/                       disseminated shall be pre-approved by the Executive Director or Chief Financial officer prior to             its disclosure / dissemination.

e)         The Company will make prompt dissemination of UPSI that gets disclosed selectively,                              inadvertently or otherwise to make such information generally available.

f)          The Company will provide appropriate and fair response to queries on news reports and                        requests for verification of market rumours by regulatory authorities.

g)         The Company will ensure that information shared with analysts and research personnel is not               UPSI.

h)         The Company will develop the best practices to make transcripts or records of proceedings of              meetings with analysts and other investor relations conferences on the Company’s website                 www.aucklandjute.com to ensure official confirmation and documentation of disclosures                        made.

i)           The Company will handle all UPSI on a need-to-know basis.

 

POWERS OF BOARD OF DIRECTORS:

The Board of Directors of the Company will be responsible for implementation of this ‘Code’. It shall have the power to amend any of the provisions relating to this code, as it may deem fit from time to time.

 

DISCLOSURE OF THE CODE IN PUBLIC DOMAIN:

 This code shall be published on the Official Website of the Company.

 Further, this code and every subsequent amendment thereto, shall be promptly intimated to the  Stock Exchange where the shares of the Company are listed.