Code of Conduct for Directors and Senior Management
Ansal Properties and Infrastructure Ltd. (APIL) is committed to maintain sound standards of Business Conduct and Corporate Governance.
The Board of Directors {in short, Board} and the Senior Management of APIL undertake to abide by following Code of Conduct {in short, Code} adopted by the Board and affirm compliance with this Code.
A present, overall, contents of this Code are in practice, being already followed by the Directors and the Senior Management, however, in compliance with the new Clause 49 of the listing agreement, the Code as set out below, is to take effect from 1-12-2005.
Applicability 
The Code is applicable to all the members of the Board of Directors and the Senior Management of the Company. Senior Management shall include all executives holding the positions of Executive Director/s (Non-Board Member/s), Presidents, Sr. Vice Presidents, Vice Presidents, Addl. Vice Presidents, Sr. General Manager and General Manager, excluding Board of Directors. Such personnel shall hereinafter be treated as members of its core management team.
Diligence: The Directors and the Senior Management are to exercise due diligence in attending to their respective duties and obligations in the best interest of the Company.
Conflicts of Interest: The Directors and the Senior Management are to be scrupulous in avoiding 'conflicts of interest' with the Company. The guiding norm is that any activity or situation involving conflict or potential conflict of interest must be disclosed to the Board for appropriate action.
Transparency: The Directors and the Senior Management are to ensure that their action/s in the conduct of business are transparent, except where the confidentiality of the business requires otherwise. Such transparency shall be brought through appropriate policies, procedures, and maintaining supporting and proper records.
Honest and Ethical standards: The Directors and the Senior Management are to take action/s in accordance with the accepted standards of personal and professional integrity, honesty, ethics, in good faith and in the best interest of the Company.
Business Integrity: The Directors and the Senior Management are to ensure that the Company carries out its business as per accepted practices of business integrity, ethical standards, fair play and conduct, honestly, legitimately and as a fair competitor.
Work Place: They are to ensure that there is gender friendly work place, equal opportunities are given to men and women, and there exists good employment practices.
Quality of products/ services: The Directors and the Senior Management are to endeavor that the products/ services of the Company meet the accepted standards of quality including that of ISO 9001: 2000 and any other standard/s, and also the specifications of the legal authorities/ laws so that customer satisfaction is ensured. Moreover costs are kept reasonable.
Protection and proper use of Company's assets: The Directors and the Senior Management are to ensure to protect Company's assets and property and the same should be used only for legitimate business purposes.
Confidentiality: The Directors and the Senior Management are to ensure that they and/ or the concerned employees do not disclose or use any confidential information gained in the course of their employment/ holding the position in the Company, for personal profits or for the advantage of any other person/s.
Compliance with laws, rules, and regulations: The Directors and the Senior Management shall ensure compliance with all the applicable laws, rules, regulations etc.
Relationship with customers and suppliers: The Directors and the Senior Management are to endeavor that their dealings with the customers are given due importance, value is created and relationship of trust is built. In dealing with suppliers it should be the endeavor that supplies are based on need, quality, service, price, and appropriate terms and conditions.
Shareholders/ Fixed Depositors: They are to ensure that the rights of shareholders and fixed depositors are met as per law and good corporate practices, and all efforts are made to provide best services to them.
Community Activities: The Directors and the Senior Management are to endeavor that the Company be a trusted corporate citizen and, as an integral part of the Society, fulfills its responsibilities and duties to the societies and communities in which it operates.
Compliance with the Code of Conduct
Compliance with this Code of Conduct is an obligation. The Directors and the Senior Management are to ensure that this Code is communicated to, and understood and observed by all employees.
The Directors and the Senior Management shall affirm compliance with the Code, on an annual basis.
The Board expects employees to bring to their attention, or to that of Senior Management, any breach or suspected breach of this Code.
Compliance with this Code is subject to the review by the Board and complemented by the Audit Committee of the Board. Any modification/s, amendment/s, or review of this Code shall be done by the Board.