Policy on Business Ethics

Please refer to the Company’s Code on Business Conduct and Ethics at

https://www.unichemlabs.com/code-of-business-conduct-ethics.php

Policy on Product Safety and Sustainability

Philosophy
Unichem recognizes that all stages of product manufacturing, beginning from the conception of an idea till the use and final disposal of the same has an impact on society and the environment. Keeping these aspects in mind Unichem endeavors to be efficient and responsible at every stage of the product life cycle to improve the quality of products offered to its customers.

Policy

To maximize efficient utilization of resources in the manufacturing process.

• To avoid over-exploitation of resources. Endeavour to use resources judiciously and substitute them wherever possible, with eco-friendly alternatives.
• To explore ways for reducing the environmental impact of the products manufactured by the Company.
• To continuously improve the effectiveness of the quality management system. This shall be achieved by implementing processes and systems which conform to applicable regulatory requirements and constantly improve them, keeping abreast of the latest technological developments and incorporating the same effectively.
• To comply with the relevant environmental laws and regulations applicable to its business operations.
• Endeavour to reduce, reuse and recycle the Company’s resources.
• To continuously improve the quality of products offered by the Company.
• Endeavor to give due regard to social, ethical, and environmental considerations in the manufacturing process.
• To ensure that the manufacturing processes and technologies required to produce various products are sustainable.
• Work towards minimizing the adverse effect on the environment by adopting various green practices such as the usage of renewable and energy-efficient resources.
• To make continuous efforts to dispose of waste in a responsible manner.
• To make efforts to initiatives that work towards the conservation of the environment.

Implementation

1. This policy is available on the Company’s website www.unichemlabs.com
2. The policy will be reviewed by the Board of Directors at regular intervals as it may deem fit

Version 2 of this policy was approved by the Board of Directors on 9th August 2023.

Policy for Well Being of Employees

Philosophy
This policy strives to create a highly conducive and motivated work environment aimed at the growth and development of employees and in turn the organization. The objective of is to have fair policies for recruitment, retention of talent and overall well-being of employees that contribute to the development of Unichem Business.

Policy

• To provide equal employment opportunities at the time of recruitment as well as during employment without discrimination based on age, region, caste, creed, race, colour, gender, religion, national origin, social groupings, disability, and marital status, in accordance with applicable local, state, and national laws.
• All employment and promotion decisions will be based solely upon individuals’ qualifications, experience, prior contribution and demonstrated capacity to perform at higher or improved levels of performance and will be in accordance with the principal of equal employment opportunity. The Company will take affirmative action wherever necessary to attract and retain talent.
• To ensure timely payment of wages, as per applicable labour laws.
• To ensure well-being of employees by enrolling them for various employee benefit policies such as group Mediclaim, personal accident and workmen compensation and provide assistance to avail cover for dependent parents of the employees.
• To keep the workplace environment safe, hygienic, and humane upholding the dignity of all employees.
• To prohibit use of child labour, forced labour or any form of involuntary labour whether paid or unpaid.
• Aim at ensuring transparency, a climate of openness, mutual trust, teamwork, fairness, and equity in all its dealings with employees.
• To take cognizance of work life balance of its employees.
• To ensure continuous skill and competence upgrading of employees by providing access to necessary learning opportunities on equal and nondiscriminatory basis.
• .Engage its employees through various events and programs, group interactions, webinars, and cultural events.
• Ensure compliance with all regulatory requirements pertaining to its employees.

Implementation

1. This policy is available on the Company’s website www.unichemlabs.com
2. The policy will be reviewed by the Board of Directors at regular intervals as it may deem fit.

Version 2 of this policy was approved by the Board of Directors on 9th August 2023.

Policy on Stakeholders’ Engagement

Philosophy
To provide and create value for all stakeholders.

Policy

• To systematically identify the stakeholders and understand their expectations and concerns.
• To respect the interest of and be responsive towards all stakeholders.
• To work towards those stakeholders who are disadvantaged, vulnerable and marginalized through its corporate social responsibility activities.
• To strive towards resolving differences with stakeholders in a just, fair, and equitable manner.
• To ensure that freedom of choice and free competition is not restricted by the Company.
• Ensure compliance with respect to disclosure requirements for engaging stakeholders.
• Enable stakeholders to benefit fairly from the value generated by the Company’s business.

Implementation

1. This policy will be available on the Company’s website www.unichemlabs.com
2. The policy will be reviewed by the Board of Directors at regular intervals as it may deem fit.

Version 2 of this policy was approved by the Board of Directors on 9th August 2023.

Policy on Human Rights

Philosophy
Company recognizes and respects human rights and the dignity of people. We are committed to promoting the human rights of our workforce and communities with whom we conduct our operations to help create a safe and discriminatefree environment.

Policy

• To prevent violations/abuse of human rights in all its operations and dealings.
• To bring a diverse talent pool with unique talents and ideas.
• To respect every individual and not discriminate against them on the basis of race, colour, caste, creed, religion, gender, age, social status, and physical or mental disabilities.
• To provide access to grievance redressal mechanisms for all individuals whose human rights are impacted by the Company or its operations.
• Strive to adhere to recognized Human Rights charter/Regulations.

Implementation

1. This policy will be available on the Company’s website www.unichemlabs.com
2. The policy will be reviewed by the Board of Directors at regular intervals as it may deem fit.

Version 2 of this policy was approved by the Board of Directors on 9th August 2023.

Policy on Environment Health and Safety

Unichem is committed to bringing in and maintaining continual improvement of high standards of environment, health & Safety (EHS) management as an integral part of the business.

The organization shall

• Provide, maintain, and upgrade facilities, operations, and working conditions which are safe for all employees, visitors, contractors, and the public.
• Integrate environment, process safety, health, and occupational safety aspects during the planning and decision-making of business processes.
• Protect the health and well-being of employees and encourage them to adopt practices for the maintenance of good health.
• Operate a business in an environmentally and socially responsible manner to minimize the impact on the environment for long-term sustainable growth.
• Comply with all applicable EHS regulations and obligations and review them periodically.
• Encourage to adopt the measures for continual improvement of Environment, Health, and Safety parameters.
• Consider consultation & participation of workers for the improvement of the Environment, Health, and Safety management system.
• Provide necessary information, train, and motivate all employees for conducting operations effectively & responsibly
• Design and maintain appropriate emergency response plans, procedures & business continuity capabilities.
• Interact & co-operate actively with all key stakeholders both internal and external regarding EHS matters, performance, and progress, as necessary.
• Determine issues and requirements related to Internal and external stakeholders and evaluate risks and opportunities related to them.
• Effectively implement controls to manage the risk and execute the opportunities.
• Account for the health and safety performance of individuals at different levels while considering their career advancement.
• Provide a resume of the health and safety performance of the company in its Annual Report.
• Follow relevant techniques and methods, such as safety audits and risk assessments for periodical assessment of the status on health, safety, and environment, and take all the remedial measures.

“This policy is applicable to all sites and offices.”

Approved by the Board of Directors at its meeting held on 9th August, 2023

Policy on Public Advocacy

Philosophy
To represent and engage with the public authorities and trade organizations on matters which concern the pharmaceutical industry. This engagement will address all the concerns and various operational issues of the pharmaceutical industry and balance the needs and expectations of key stakeholders.

Policy

• To address key matters concerning any changes and development in the pharmaceutical industry including changes in law, through trade and industry chambers and associations and other similar collective platforms.
• Ensure that while taking up various issues at the industry forums and associations, the right balance is maintained between the interest of the company and other stakeholders.
• Maintaining integrity and transparency while representing industry concerns before such associations.

Implementation

1. This policy is available on the Company’s website www.unichemlabs.com
2. The policy will be reviewed by the Board of Directors at regular intervals as it may deem fit.

Version 2 of this policy was approved by the Board of Directors on 9th August 2023

Policy on Inclusive Growth and Equitable Development

Please refer to the Company’s Corporate Social Responsibility Policy at
https://www.unichemlabs.com/corporate-social-responsibility.php

Policy on Customer

Philosophy
To repose trust and confidence in its customers by providing the best customer services towards building long-term sustainable relationships.

Policy

• To make factual disclosure about the products by following the applicable standards for packaging and labeling.
• Minimize and mitigate any adverse impact of its products on customers, environment, and society at large.
• To uphold the highest standards of fair and ethical business practices in its customer-related activities i.e. sales, marketing, market-driven competition, etc.
• The Company shall refrain from restricting freedom of choice or free competition while manufacturing and selling its products.
• To be professional, fair, and transparent with its customers
• Facilitating appropriate mechanisms for customer feedback and addressing grievances for improving the quality of the Products
• To educate wherever required on the safe and responsible usage of the Product.
• Not to engage in any unfair trade practices or anti-competitive behavior.

Implementation

1. This policy is available on the Company’s website www.unichemlabs.com
2. The policy will be reviewed by the Board of Directors at regular intervals as it may deem fit.