“All the employees, including the management team, staff, and contractual employees should follow a strict financial code of business by maintaining its accounts fairly and accurately by the accounting and financial reporting standards, which represent the generally accepted guidelines, principles, standards, laws and regulations of the country in which the company conducts its business affairs. Any willful material misrepresentation of and/or misinformation on the financial accounts and reports shall be regarded as a violation of the code apart from inviting appropriate civil and/or criminal action under the relevant laws.”

“The Company shall strive to provide a safe and healthy working environment and comply, in the conduct of its business affairs, with all regulations regarding the preservation of the environment of the territory in which it operates. The Company shall be committed to prevent the wasteful use of natural resources and minimize any hazardous impact of the development, production, use, and disposal of any of its products and services on the ecological environment.”

“The Company and its employees shall neither receive nor offer or make, directly or indirectly, any illegal payments, remuneration, gifts, entertainment, donations, or comparable benefits which are intended to or perceived to obtain business or uncompetitive favors for the conduct of its business. However, the Company and its employees may accept and offer nominal gifts, which are customarily given and are commemorative for special events.”

“The Company shall be committed to supply goods and services of the highest quality standards backed by efficient after-sales-service consistent with the requirements of the customers to ensure their total satisfaction. The quality standards of the Company’s goods and services should at least meet the required national standards and the Company should endeavor to achieve international standards.”

“Each officer and employee should deal fairly with customers, suppliers, competitors, and employees of group companies. They should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential, proprietary or trade secret information, misrepresentation of material facts, or any other unfair dealing practices.”

“The officers and employees should be conscientious in avoiding ‘conflicts of interest’ with the Company.

A situation of conflict of interest, actual or potential, can arise:

• When an employee, or officer takes action or has interests that may make it difficult to perform his or her work objectively and effectively
• The receipt of improper personal benefits by a member of his or her family as a result of one’s position in the Company
• Any outside business activity that detracts an individual’s ability to devote appropriate time and attention to his or her responsibilities with the Company
• The receipt of non-nominal gifts or excessive entertainment from any person/company with which the Company has current or prospective business dealings
• Any significant ownership interest in any supplier, customer, Business associate, or competitor of the Company
• Any consulting or employment relationship with any supplier, customer, business associate, or competitor of the Company

In case there is likely to be a conflict of interest, he/she should make full disclosure of all facts and circumstances thereof to the CMD or any officer nominated for this purpose by the C&MD and a prior written approval should be obtained.”

“The officers and employees shall ensure the protection of the Intellectual property of the Company in whatever form and format it may be. This is to safeguard the interests of the Company, Management, Employees, Customers, Suppliers, and all the related stakeholders. Intellectual property can be in terms of the patents, process knowledge, designs, manufacturing process and parameters, write, etc. and its protection should be given utmost priority.”

“The officers and employees shall maintain the confidentiality of confidential information of the Company or that of any customer, supplier or business associate of the Company to which Company has a duty to maintain confidentiality, except when disclosure is authorized or legally mandated. The confidential information includes all non-public information that might be of use to competitors or harmful to the Company or its associates.

Such confidential information might include, among other things, the following:

• Financial information
• Acquisition and diversification of businesses or business units
• New product introductions or developments
• Restructuring plans
• Major supply and delivery agreements

The use of confidential information for his/her own advantage is also prohibited.”

“The officers and employees shall comply with all applicable laws, rules, and regulations. Transactions, directly or indirectly, involving securities of the Company should not be undertaken without pre-clearance from the Company’s Compliance Officer. Any officer or employee who is unfamiliar or uncertain about the legal rules involving Company business conducted by him/her should consult the Compliance officer or Management before taking any action that may jeopardize the Company or that individual.”

“If any officer or employee knows of or suspects a violation of applicable laws, rules, or regulations or this Code of Conduct, he/she must immediately report the same to the C&MD or any designated person thereof. Such a person should as far as possible provide the details of suspected violations with all known particulars relating to the issue. The Company recognizes that resolving such problems or concerns will advance the overall interests of the Company and will help to safeguard the Company’s assets, financial integrity, and reputation. The Company has a Vigil Mechanism policy through which employees and other persons like contractors, vendors, customers, and business consultants can report instances of unethical behavior, actual or suspected fraud, or violation of the Company’s Code of Conduct or Ethics Policy to management.”

“All officers and employees should protect the Company’s assets and resources and property and ensure its efficient use. Theft, carelessness, and waste of the Company’s assets electronic resources, and property have a direct impact on the Company’s profitability.

The company’s assets should be used only for legitimate business purposes. Any unauthorized usage of the company’s electronic resources by any employee or officer should be brought to the notice of the Information Technology Head or Human Resource Head.

A company is entitled to take appropriate action upon such breach or illegal use.”

“The Company shall provide equal opportunities to all its employees and applicants for employment without regard to their race, caste, religion, color, ancestry, marital status, sex, age, nationality, disability, and veteran status. Employees of ULTRA shall be treated with dignity and by the Company’s policy to maintain a work environment free of sexual harassment, whether physical, verbal, or psychological. Employee policies and practices shall be administered in a manner that would ensure that in all matters equal opportunity is provided to those eligible and the decisions are merit-based.”

“Ultra believes in gender diversity and is committed to increasing to Male Co-worker ratio in the company to have a harmonious culture based on the individual’s merit.”

“Ultra does not consider any race, cast, religion, color, ancestry, marital status, sex, age, nationality, disability above or below someone. And in the eyes of Ultra, only the merit and positive attitude of the employee or officer towards the welfare of the company, society, and nation are supreme.”

“No employee of any race, cast, religion, color, ancestry, marital status, sex, age, nationality, disability, or veteran status should be mentally, physically or emotionally harassed by any officer or employee for any reason whatsoever may be the matter.”

“In case such incident is observed, Management or Human Resource department is entitled to take a disciplinary action including termination against that guilty officer or employee and a protection and relief to be provided by Management to the victim person, in case such incident arises.”

“Every Officer and Employee (including the contractors) should take reasonable steps to prevent Sexual and any other harassment of any of the employees and help Ultra in its efforts to fight against any kind of harassment.”