THE COMPANY'S PHILOSOPHY ON CODE OF GOVERNANCE

Konark Builders and Developers Limited's philosophy on Corporate Governance goals for achieving the highest levels of transparency, accountability and equity in all spheres of its operations and in all its dealing with the shareholders, employees, the government and other parties related to it. The company believes in the philosophy on code of corporate governance, which provides a structure by which the rights and responsibility of different constituents, such as the board, employees and shareholders are carved out. The code foresees and anticipates: