As a matter of compliance of the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 1992 and in view of the fiduciary position held as Directors of the company, the Directors and the SMPs shall not trade i.e., sell or purchase the Securities offered / issued by the company. However, Directors and SMPs who hold equity shares of the company as on January 01, 2006, may continue to hold the same.
The Directors / SMPs, may come into possession of significant, unpublished price sensitive information, in the normal course of business of the company. The Directors / SMPs shall not make use of such information and profit from it either directly or indirectly, as such price sensitive information is the property of the company. The Directors / SMPs shall not either in the manner provided under the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 1992, or otherwise, deal / trade, whether directly or indirectly, in the Equity Shares / Securities of the company.

Directors and all SMPs must ensure compliance with all applicable governmental laws, rules and regulations and also ensure compliance by all employees. The SMPs and Directors must acquire appropriate legal awareness and must identify circumstances that warrant them to take advice of matters.