CODE OF CONDUCT FOR BOARD OF DIRECTORS AND

SENIOR MANAGEMENT TEAM

The following Code of Conduct duly approved by the Board of Directors of Blue Bird (India) Limited is subscribed by the each member of the Board of Directors (“the Board) and the Senior Management Team (“Core Management Team”) of the Company. That they shall –

• ensure proper, fair and true business practices always,
• always act honestly and forever in the best interest of the Company ,
• use utmost care and diligence in performing their duties and in exercising their powers,
• ensure that none of the acts lead or bring discredit to the Company or engage in such activity that will harm the reputation of the Company,
• never make improper use of information nor take improper advantage of their position as a Director or a member of Core Management Team, 
• ensure that the personal interests do not conflict with the interests of the Company and disclose all personal interests to the Board of Directors,
• recognize that their primary responsibility is to the shareholders of the Company as a whole but they should (wherever appropriate) have regard for the interests of all stakeholders,
• take all reasonable steps and appropriate actions in consonance with the decisions taken by the Board of Directors, 
• ensure the confidentiality of information they receive whilst being in office of Director or member of the Core Management Team and never to disclose the said information to any outsider without the permission of the Board of Directors,
• not indulge into insider trading and to disclose all the trading in the shares of the Company as done to the Board of Directors at regular intervals,
• take all efforts to strengthen the brand name of the Company and to cultivate such practices so as to make the same stronger.