Resonance has exclusive supply arrangements with global industry
leaders
ACCOLADES
1992
Commissioned the Pyridine and Picoline plants
1994
The company repeated its pioneering feat. It became the
first company in India to manufacture Cyanopyridines.
This successful effort brought company recognition from
the Government of India for technological excellence.
Resonance is also the first in India to manufacture
various Collidines.
Our eminent Board of Directors oversees its overall strategy
and cross-functional activities. They are the pillars of our
corporate governance, and ultimately accountable for strategy,
risk management, operations, and financial performance. As
Resonance continues to evolve in the new decade, our Board of
Directors will strive to steer it to new heights, on the
strong foundations of our values.
We are committed to the highest standard of integrity,
openness and accountability in the conduct of its business and
operations. It aspires to conduct its affairs in an ethical,
responsible and transparent manner.
We believe in working harmoniously at all levels and
rejuvenation of a strong culture of trust, honesty and
integrity by laying foundation from the grass root level. The
culture we build is pursued and adopted as a habit.
The framework of ‘Whistle Blower Policy’ is supported by
‘Whistle Blower Guidelines’. This would assist the whistle
blower to follow the process in recording and communicating
any instance/example of improper / wrong practices related to
Safety, Health, Environment, Quality, Good Manufacturing
Practices (cGMP), Finance, etc. to the Whistle Blower
Committee.
The information communicated will be scrutinised and enquired
confidentially by the Committee and necessary action
initiated. The purpose of this policy is to create an open
environment of work culture and facilitate good manufacturing
and business practices, be it at manufacturing plants or at
marketing fields or at offices of the Company.
Ethical business conduct is critical to the business carried on
by the Company. Keeping this mind the Board of Directors of the
Company have adopted the Code of Business Conduct and Ethics
which helps maintain the standards of business conduct for the
Company and ensures compliance with legal requirements. The
purpose of the Code is to deter wrongdoing and promote ethical
conduct. The matters covered in this Code are of utmost
importance to the Company, our shareholders and our business
partners. The Code is designed to assist in defining appropriate
personal and professional conduct, to provide guidance in the
identification and resolution of ethical issues, and to help the
members of the Board, members of the Senior Management and all
Employees of the Company to maintain the culture of honesty,
integrity, transparency and accountability. Since no code or
policy can anticipate every situation that may arise, this Code
is intended to provide guidance for handling unforeseen
situations which may arise. Each Director, members of the Senior
Management and Employees must comply with the letter and spirit
of this Code. For the purpose of this Code, ‘Senior Management’
would comprise members of the management one level below the
executive directors, including all functional heads.
Applicability of Code to Directors, Members of the Senior
Management & Employees of the Company The Code applies to the
members of the Board of Directors, members of the Senior
Management and all Employees of the Company across the Board.
COMPLIANCE WITH LAW
All Directors, members of the Senior Management and Employees of
the Company must respect and comply with all laws, rules and
regulations of India and other countries in which the Company
conducts its business. Violating the law must be avoided under
all circumstances, especially violations punishable by
imprisonment, monetary penalties and fines.
CONFLICT OF INTEREST
Each Director, every member of the Senior Management and every
employee should endeavour to avoid any conflict of interests
with the Company. A ‘conflict of interest’ exists where the
interests or benefits of one person or entity conflict with the
interests or benefits of the Company. The Directors, members of
the Senior Management and employees must avoid situations
involving actual or potential conflict of interest. Conflict of
interest may also arise when a Director or a member of the
Senior Management or an employee or members of his or her
family, or an organisation with which the Director or Senior
Management or employee is affiliated, receives improper benefits
as a result of the Director’s or Senior Management’s or
Employee’s position. Any situation that involves or may involve
a conflict of interest must be promptly disclosed to the
Company’s Compliance Officer or Chairman of the Audit Committee.
No transaction which involves an actual or potential conflict of
interest should be undertaken without prior approval of the
Compliance officer and the Chairman & Whole Time Director and
Managing Director and in case of Directors with the approval of
the Board of Directors.
FAIR DEALING
Each Director, member of the Senior Management and Employee
should endeavour to deal fairly with the Company’s customers,
suppliers, dealers, investors, competitors and employees. No
Director or member of the Senior Management or Employee of the
Company should take unfair advantage of anyone through
manipulation, concealment, abuse of privileged information,
misrepresentation of material facts, or any other unfair dealing
practice. In addition to strict compliance with all legal
aspects, all Directors, members of the Senior Management and
Employees are expected to observe the highest standards of
business and personal ethics in the discharge of their assigned
responsibilities.
GIFTS AND BUSINESS ENTERTAINMENT
Under no circumstances the Directors, members of the Senior
Management or Employees of the Company shall solicit, accept or
agree to accept anything of value for the benefit of any person
from anyone doing or seeking to do business with the Company
that is perceived as intended, directly or indirectly, to
influence any business decision. Invitations from business
partners, especially suppliers may only be accepted if the
occasion and the scope of the invitation are appropriate and if
refusing the invitation is discourteous.
CORPORATE OPPORTUNITY
The Directors, members of the Senior Management and Employees
shall not exploit for their own personal gain opportunities that
are discovered through the use of corporate property,
information or position unless the opportunity is disclosed
fully in writing to the Company’s Board of Directors and the
Board of Directors declines to pursue such opportunity. The
Directors, members of the Senior Management and Employees are
prohibited from (a) taking for themselves personally any
opportunity that properly belongs to the Company or is
discovered through the use of corporate property, information,
or position; (b) using corporate property, information, or
position for personal gain; and (c) competing with the Company.
If a Director or a member of the Senior Management or an
Employee reasonably believes that a contemplated transaction
might be a corporate opportunity or a competitive transaction,
the Director or member of the Senior Management or Employee
should make full disclosure to the entire Board through the
appropriate channel and seek its authorisation to pursue such
transaction.
CONFIDENTIALITY
The Company’s confidential information is a valuable asset. The
Company’s confidential information includes product information,
product plans and list of customers, dealers and employees and
financial information. All confidential information must be used
for Company business purpose only. Every Director, member of the
Senior Management and Employee must safeguard it. The Directors,
members of the Senior Management and Employees must maintain the
confidentiality of the information entrusted to their knowledge
by the Company or its customers and any other information which
comes to them about the Company, except when disclosure is
authorised or legally required. Confidential information
includes all non-public information that might be of use to
competitors, or harmful to the Company if disclosed.
PROTECTION AND PROPER USE OF COMPANY’S ASSETS
All Directors, members of the Senior Management and employees at
all levels should protect the Company’s assets and ensure their
efficient use. Theft, carelessness, and waste have direct impact
on the Company’s profitability.
ENCOURAGING THE REPORTING OF ILLEGAL OR UNETHICAL BEHAVIOUR
The Directors and members of the Senior Management should
endeavour to ensure that the Company (a) encourages employees to
talk to their superiors and other appropriate personnel when in
doubt about the best course of action in a particular situation;
(b) encourages employees to report violation of laws, rules,
regulations or the Company’s Code of Conduct to appropriate
personnel; (c) informs employees that the Company will not allow
retaliation for reports made in good faith.
INSIDER TRADING IN SECURITIES
It is prohibited to trade in securities or to tip others to
trade in securities of Resonance Specialties Limited on the
basis of insider information before it is made available to the
public and information about the event has been sufficiently
disseminated in public to enable investors to evaluate it.
‘Insider information’ means any information which is not public
knowledge and which can be used to influence an investor’s
decision to purchase, sell or keep a security. Insider trading
rules are strictly enforced, even in instances when the
financial transactions seem small. The Company has imposed a
trading blackout period on members of the Board of Directors,
Senior Management and Employees who, as a consequence of their
position with the Company, are more likely to be exposed to
material non-public information about the Company. These
Directors, members of the Senior Management team and Employees
are prohibited from trading in company’s securities during the
blackout period. To avoid the appearance that any Director,
member of the Senior Management or an Employee is trading on
inside information, no Director or member of the Senior
Management or an Employee directly or indirectly should engage
in short sales or trade in puts, calls or other options on the
securities of the Company. The purpose of this policy is both to
inform of the legal responsibilities and to make clear to the
Directors, members of the Management team and Employees of the
company that the misuse of sensitive information is contrary to
Company policy and applicable securities regulation laws of
India.
ADMINISTRATION AND WAIVER
Any waiver of any provision of this Code for Director or member
of the Senior Management of the Company or an Employee may be
granted only by the Board of Directors, upon recommendation of
the Audit Committee and shall be promptly disclosed as required
by any applicable law. Any waiver must be accompanied by
appropriate controls designed to protect the Company.
MONITORING CODE COMPLIANCE
Each Director, member of the Senior Management of the Company
and an Employee is expected to monitor his or her personal
compliance with this Code. An Annual reaffirmation of compliance
with this Code is required of all Directors and all members of
the Senior Management and Employees of the Company.
Our commitment to ensure that the facilities have as low as
possible, an impact on local people, the environment and we
continue to work in close partnership with community groups
and other stakeholders to ensure that we are a responsible
neighbour. As a principle, we go beyond mere compliance and
assimilate health, safety and environment consciousness as
part of our daily regimen.
Commitment as our fundamental for prevention
We demonstrate the effective implementation and continual
improvement of environmental, occupational and health & safety
management system through:
Awareness
Information Sharing
Safety Training
Periodic reviews
Monitoring and Measurement of activities
Prevention of incidents through internal audits
Provision of Resources
Excellence in
safety, health and environmental performance is on
top priority and we are open and honest about such performance.
Measures that go beyond compliance
We are an eco-friendly manufacturer and ensure minimal
ecological impact by controlling our manufacturing processes
as well as by treating the production wastes.
We recently upgraded our effluent treatment plant to ensure
complete compliance with the requirements of the
government’s industrial pollution board.
Green efforts we invest in
We aim to use natural resources efficiently and through
constant monitoring and preventive actions, minimise the
environmental impacts of our activities and products during
their life cycles. We ensure this through a well designed and
systematic storage, and use of chemicals, safe disposal of
effluent material, control of gas emission and by adopting
methods of resource conservation. We also promote conservation
of environment through tree plantation, waste reduction,
recovery of solvents chemicals.
Health programs for our team
We protect the interests of employees by providing them with
appropriate and up–to–date training and access to development
programs. Health monitoring of employees include regular
health check–ups, special health checks for employees working
in hazardous areas, eye, audiometry and Lung Function tests,
first aid training, and other training workshops.