(i) We will never enter Alco-Bev (Alcoholic Beverages) businesses.
(ii) We will never enter Cigaratte businesses.
(iii) We will never enter Tobacco businesses.
(iv) We will never enter egg/fish/flesh/meat (non-vegeterian) businesses.
(v) We will never enter or indulge in any p2p money lending/financing, which gives us an earned interest.
(vi) We may engage into b2b financing when we are compliant to do it.
(vii) We may engage into financing companies or subsidiaries for expansion, financial interest or acquisition.
(viii) We may engage into hostile takeovers only when we see interest in greater good of nation building,
safeguarding our Indian assets and our interests overseas.
(ix) We may engage into financial derivaties of trading in futures and options only if we see a business gain and
it helps safeguarding our company value/valuation and assets.
(x) We will always obey the law of the land wherever we operate.
(xi) We will never have an opinion or comment on political scenario, market speculation or press/media news.
All our disclosures would be from the press team and/or marketing team of the company.
(xii) We want to keep our liquidity position pretty strong and don`t want to not rely on letters of credit from banks,
or anything of the sort for funding our plans or to honour our obligation during the dark times of liquidity unavailability/scarcity/tightening.
(xiii) Our solvency ratio should be much much higher than what market thinks, calculates or demands. Atleast 5x or more during good times.
Our debt/equity ratios should never exceed range of 0.5 and borrowings not exceeding more than 1yr forward revenue at any point of time.
Last Updated on 02nd July 2024