The core of Corporate Governance at NECO Group is based upon, inter-alias, the objective of maximizing the wealth of all stakeholders of the company by making maximum utilization of resources at its disposal and fulfilling its obligations towards Corporate Social Responsibility and contributing to Nation Building to the best of its might. We aim to do this by striving for leadership and global competitiveness in the business sectors in which we operate.
Our Top Management advocates the principles of transparency to be followed by the employees of the in all their decisions and actions, apart from furnishing full disclosures to the Board, its Shareholders and other Stakeholders. The Top Management is committed to adhere to the Corporate Governance Code in words and in spirit.

Familiarisation Program for Independent Directors

At the time of appointing an Independent Director, a formal letter of appointment is given to him, inter alia explaining the role, function, duties and responsibilities expected of him as a Director of the Company. The Independent Director is also explained in detail the Compliance required from him under the Companies Act, 2013, Listing Regulations and other relevant regulations and affirmation taken with respect to the same. Further the Company has put in place a system to familiarize the Independent Directors about the Company, its products, business and the on-going events relating to the Company through presentation.

o Familiarisation Program for Independent Directors
o Criteria for making payments to Non-Executive Directors
o Details of Familiarisation Programmes attended/Hours Spent by Independent Directors

MEMORANDUM AND ARTICLES OF ASSOCIATION

o SEBI Notification dated 08.06.2018 regarding Dematerialization of Physical Shares
o Memorandum and Articles of Association

BUSINESS POLICIES

o Policy on Purchase of Raw Materials.
o Policy on Quality Management System Procedure.
o Policy on Selection of Suppliers.
o Procedure for Supplier Quality Rating.

VARIOUS POLICIES AND PROGRAMS UNDER CORPORATE GOVERNANCE ARE AS UNDER:

o Dividend Distribution Policy.
o Policy on Preservation of Documents
o Policy on Related Party Transactions
o Code for fair Disclosure UPSI
o Policy on Sexual Harassment
o Policy on Determination of Materiality for Disclosure of Events or Information
o Risk Management Policy
o Risk Management Plan
o Composition of various Committees of Board of Directors
o Code of Conduct for Director and Senior Management Personnel.
o Code of Conduct for Employees
o Policy on Material Subsidiaries
o Whistle Blower Policy
o CSR Policy

Nodal Officer of the Company as per Rule 7(2A) of IEPF Rules 2016:
Shri Vikash Kumar Agarwal
Company Secretary & Compliance Officer
Jayaswal Neco Industries Limited,
F-8, MIDC Industrial Area, Hingna Road,
Nagpur – 440016
Mob No : +91 7709025009
Email ID : vikash.agarwal@necoindia.com / contact@necoindia.com