MGVCL Code of Business Conduct and Ethics Policy

Reference: MGVCL/202603011202197106

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Description

Code of Business MadhyaGUJARATVIJCOMPANYLIMITED Conduct & Ethics CIN–U40102GJ2003SGC042907  Regd. & Corporate Office: Sardar Patel Vidyut Bhavan,Race Course, Vadodara–390007. CODE OF BUSINESS CONDUCT AND ETHICS FOR BOARD MEMBERS AND SENIOR MANAGEMENT (APPROVED BY BOARD OF DIRECTORS) 1.0 INTRODUCTION: 1.1 This Code of Conduct (“this Code”) shall be called “Code of Business Conduct & Ethics for Board Members and Senior Management” of Madhya Gujarat Vij Company Ltd (hereinafter referred to as “the Company”) 1.2 The purpose of this Code is to enhance ethical and transparent process in managing the affairs of the Company. 1.3 This Code for Board Members and Senior Management has been framed specially as per the Guidelines of DPE. 1.4 It shall come into force upon approval by the Board. 2.0 DEFINITIONS AND INTERPRETATIONS: 2.1 The term “Board Members” shall mean Directors on the Board of Directors of the Company for the time being in force. 2.2 The term “Whole-time Directors” or “Functional Directors” shall be the Directors on the Board of Directors of the Company who are in whole-time employment of the Company. 2.3 The term “Part-time Directors” shall mean Directors on the Board of Directors of the Company who are not in whole time employment of the Company and include Independent Directors and Government/GUVNL Nominee Directors. 2.4 The term “Key Managerial Personnel (KMP)” shall have the same meaning as defined in Section 2(51) of the Companies Act, 2013. 2.5 The term “Relative” shall have the same meaning as defined in Section 2(77) of the Companies Act, 2013. 2.6 The term “Senior Management” shall mean personnel of the Company who are members of its core management team excluding Board of Directors and would comprise all members of management one level below the Whole time Directors, including all functional heads. 2.7 The term “the Company” shall mean Madhya Gujarat Vij Company Limited (MGVCL). Note: In this Code, words importing the masculine gender shall include

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Tender Details

• Published 01 Mar 2026
• Closing N/A