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SRU STEELS LIMITED: CODE OF PRACTICES & PROCEDURES

FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION

[Under Regulation 8(1) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015]

SRU STEELS LIMITED

(CIN: L17300DL1995PLC107286)

Registered Office: 416-417-432, RAJENDRA JAINA TOWER-1,PLOT NO. 18, WAZIRPUR SHOPPING COMPLEX, DELHI – 110052

Telefax: 011-27474749, Email: srusteels@yahoo.in, Website: www.srusteels.in

Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information

[Pursuant to Regulations 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015]

1. Preamble:-

1.1 This Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information is formed under Regulations 8(1) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which provides for formulation of a “Code of Practice and Procedures for Fair Disclosures of Unpublished Price Sensitive Information” for the Board of Directors of the Company.

1.2 This Code shall become applicable with effect from 15th May, 2015.

A. Preface:

In an endeavor to prevent the misuse of unpublished price sensitive information in the day-to-day business affairs and to promote the culture of fair disclosure of information in due compliance with the Principles of Fair Disclosures as set out in the SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred as “Regulations”), the Board of Directors of the Company, M/s SRU Steels Limited have formulated a Code of Conduct to be known as “SRU Steels Limited: Code of Practices and Procedures for fair disclosure of unpublished price sensitive information” (hereinafter referred as “Code for fair disclosure of UPSI”or “Code” ).

B. Objects of the Code:

The Code aims at:

• Preventing the misuse of unpublished price sensitive information within the Organization and practice of selective disclosures to the public;

• Acknowledging the necessity of communicating, providing or allowing access to information and promoting the principle of equality of access to information.

C. Chief Investor Relations Officer:

The Company Secretary or any other senior officer duly authorized by the Board of Directors of the Company, shall act as the Chief Investor Relations Officer, who would be responsible for satisfactory discharge of the duties and responsibilities laid down under this Code.

2. Principle of Fair Disclosures for purposes of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

This Code intends to formulate a framework and policy for fair disclosure of events and occurrences that could impact price discovery in the market for the Company’s securities. So as to ensure fair disclosure of events and occurrences that could impact price discovery in the market, the Board of Directors of the Company shall adhere to the following Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information envisaged in Schedule- A of SEBI (Prohibition of Insider Trading) Regulations, 2015.

2.1 It shall be ensured that the Unpolished Price Sensitive Information is promptly disseminated to make it generally available, subsequent upon finding that credible and concrete information having a potential of effecting the price of securities of the Company exits or comes into being.

2.2 It shall be ensured that uniform and universal dissemination of Unpublished Price Sensitive Information is promptly made to avoid selective disclosures.

2.3 It shall be ensured that any Unpublished Price Sensitive Information which gets disclosed selectively or inadvertently is promptly disseminated through Stock Exchanges and made generally available.

2.4 The Company shall ensure that appropriate and fair responses and replies are promptly provided/given to the news reports and any request for verification of market rumors received from authorities.

2.5 It shall be ensured that no Unpublished Price Sensitive Information is shared with analysts and research personnel.

2.6 Best Practices shall be followed to ensure the recording/transcripts of the proceedings of meetings with analysts and other investor relation conference are disseminated by published the same on the website of the Company.

2.7 Unpublished Price Sensitive Information is to be handled on need-to-know basis.

2.8 Ms. Sonam Singhal have been designated as Compliance Officer and Chief Investor Relations Officer to deal with dissemination and disclosure of Unpublished Price Sensitive Information subject to the approval of the Board.