Business Ethics Policy

Introduction

Technomech Engineers is committed to upholding the highest standards of business ethics in all aspects of our operations. This Business Ethics Policy, endorsed by senior management, outlines our commitment to conducting business in compliance with Indian laws and international standards such as the United Nations Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.

This policy applies to all employees, suppliers, contractors, and business partners. By following this policy, we ensure that Technomech Engineers operates with integrity, transparency, and fairness across its entire value chain.

2. Scope

This policy applies to all individuals working for or on behalf of Technomech Engineers, including:

Employees
Contractors
Suppliers
Business partners

The policy governs all business activities at our manufacturing facility in India and any other locations where Technomech Engineers operates globally.

3. Compliance with Indian Laws and International Standards

3.1 Compliance with Indian Laws

Technomech Engineers complies with all applicable Indian laws, including:

The Companies Act, 2013
The Prevention of Corruption Act, 1988
The Payment of Wages Act, 1936
The Factories Act, 1948
The Environmental Protection Act, 1986
Labour Lawssuch as Minimum Wages Act, 1948, and Equal Remuneration Act, 1976

3.2 International Standards

In addition to complying with Indian laws, we adhere to globally recognized standards, including:

United Nations Guiding Principles on Business and Human Rights
International Labour Organization (ILO) Conventions
OECD Guidelines for Multinational Enterprises
ISO 45001and other international health and safety standards

4. Ethical Business Practices

4.1 Integrity and Transparency

Technomech Engineers is committed to conducting business with honesty, transparency, and fairness. We expect our employees and business partners to:

Act ethically in all business dealings and avoid conflicts of interest.
Provide accurate and truthful information in all communications, financial reports, and transactions.

4.2 Fair Competition

We comply with Indian Competition Law, including the Competition Act, 2002, to promote fair business practices and prevent monopolistic behaviours such as price-fixing, market allocation, and bid-rigging.

4.3 Confidentiality and Data Protection

We comply with Indian data protection laws, such as the Information Technology Act, 2000, as well as international privacy laws such as the General Data Protection Regulation (GDPR). All personal and business data is handled responsibly and securely, with proper authorization and safeguards in place.

5. Anti-Corruption and Bribery

5.1 Zero Tolerance for Corruption

Technomech Engineers enforces a zero-tolerance policy on corruption and bribery in accordance with the Prevention of Corruption Act, 1988. Employees, suppliers, and contractors are strictly prohibited from engaging in corrupt practices, including offering, giving, or receiving bribes.

5.2 Compliance with Anti-Bribery Laws

We comply with Indian anti-bribery laws as well as international laws such as:

The UK Bribery Act
The U.S. Foreign Corrupt Practices Act (FCPA)

5.3 Gifts and Hospitality

Employees and business partners must not offer or accept gifts, hospitality, or other benefits that could influence or appear to influence business decisions. Gifts of nominal value may be exchanged as a gesture of goodwill, provided they comply with local customs and laws.

6. Conflicts of Interest

Technomech Engineers expects all employees and business partners to avoid conflicts between personal interests and the interests of the company. Any potential conflicts must be disclosed to senior management.

Examples of conflicts include:

Engaging in external employment or business activities that conflict with the company’s interests.
Personal relationships that could bias professional decisions.

7. Human Rights and Labour Practices

7.1 Human Rights Commitment

Technomech Engineers is committed to upholding human rights in accordance with the Indian Constitution, Indian labour laws, and international guidelines such as the Universal Declaration of Human Rights and ILO Conventions.

We ensure that:

Forced or child labouris strictly prohibited, in compliance with The Child Labour (Prohibition and Regulation) Act, 1986.
Employees are free to join or form unions and engage in collective bargainingin accordance with Indian labour laws and ILO standards.

7.2 Fair and Safe Working Conditions

We are committed to providing fair wages, safe working conditions, and equal opportunities for all employees. This includes:

Complying with the Factories Act, 1948to ensure a safe workplace.
Ensuring that employees are paid in accordance with the Minimum Wages Act, 1948and the Equal Remuneration Act, 1976.
Prohibiting discrimination or harassment based on race, gender, religion, caste, or any other protected characteristic.

8. Environmental Responsibility

Technomech Engineers operates in compliance with the Environmental Protection Act, 1986 and relevant international environmental standards. We are committed to reducing our environmental footprint by:

Minimizing waste, emissions, and energy consumption.
Implementing sustainable resource management and recycling programs.
Ensuring that hazardous materials are handled and disposed of safely.

We also encourage our suppliers and partners to adopt environmentally responsible practices.

9. Supply Chain Responsibility

Technomech Engineers expects its suppliers and business partners to comply with the standards outlined in this policy. We conduct regular audits of our supply chain to ensure that our partners:

Adhere to ethical labour practices.
Operate in compliance with applicable laws and international standards.
Implement anti-corruption, human rights, and environmental protection measures.

10. Reporting and Accountability

10.1 Reporting Violations

Technomech Engineers encourages employees, contractors, and stakeholders to report any suspected or actual violations of this policy. Reports can be made confidentially through the company’s whistleblower program or directly to senior management. All reports will be investigated promptly and fairly.

10.2 No Retaliation

We maintain a strict no-retaliation policy to protect employees who report violations of this policy. Any form of retaliation against whistleblowers is strictly prohibited and may result in disciplinary action.

11. Continuous Improvement

Technomech Engineers is committed to continuously improving its business practices and ethical standards. This policy will be reviewed regularly to ensure compliance with changes in laws, regulations, and international standards.

12. Conclusion

Technomech Engineers is dedicated to conducting business ethically and legally, both in India and internationally. This Business Ethics Policy sets the standards for responsible business conduct and applies to all employees, suppliers, contractors, and business partners.

Approved by:
Senior Management
Technomech Engineers