Introduction

This Code of Ethics and Business Conduct helps maintain the standards of business for Balmer Lawrie-Van Leer Limited. The purpose of this Code is to deter wrongdoing and promote ethical conduct. The matters covered in this Code are of utmost importance to the Company, its shareholders/stakeholders.

This Code is applicable to all Officers of the Company [which term used hereinafter in this Code would include all officers on its rolls in various functions such as finance, tax, accounting, purchase, treasury, production, maintenance, marketing, EDP, Personnel, etc, all members of the senior management team, members of the audit committee, and members of the Board of the Company. Code of Conduct for Independent Directors prescribed under Schedule IV of the Companies Act, 2013 (as amended from time to time) shall form part of Company’s Code of Conduct and must be adhered to by all Independent Directors in addition this code.