This Code of Conduct for Board Members, Senior Management and Officers (the “Code”) helps
maintain the standards of business conduct for Paramount Communications Ltd. (the
“Company”), and ensures compliance with legal requirements. The purpose of the Code is to
deter wrongdoing and promote ethical conduct. The matters covered in this Code are of the
utmost importance to the Company, our shareholders and our business partners. Further, these are
essential so that we can conduct our business in accordance with our stated values.

The code is applicable to the following persons, referred to as Officers:
• Our Board Members (Executive & Non Executive),
• Senior Management (Officers one level below the executive directors),
• All functional heads other than Senior Management
• All professionals serving in the roles of finance, tax, accounting, purchase, treasury, internal audit, financial analyst and investor relations.

Ethical business conduct is critical to our business. Accordingly, Officers are expected to read
and understand this Code, uphold these standards in day-to-day activities and comply with all
applicable laws, rules and regulations, the Code of Conduct and all applicable policies and
procedures adopted by the Company that govern the conduct of its employees.
Because the principles described in this Code are general in nature, Officers should also review
the Company’s other applicable policies and procedures for more specific instructions. They may
contact to Secretarial Department, if they have any questions.

Nothing in this Code, in any Company policies and procedures, or in other related
communications (verbal or written), creates or implies and employment contract or term of
employment.

Officers should sign the acknowledgement form at the end of this Code and return the form to the
secretarial department indicating that they have received, read and understood, and agree to
comply with the Code. The signed acknowledgement form will be located in each Officer’s
personnel files. Each year, as part of their annual review, Officers will be asked to sign an
acknowledgement indicating their continued understanding of the Code.

We expect all Officers to act in accordance with the highest standards of personal and
professional integrity, honesty and ethical conduct, while working on the Company’s premises or
at any other place where Officers are representing the Company.

We consider honest conduct to be conduct that is free from fraud or deception. We consider
ethical conduct to be conduct conforming to the accepted professional standards of conduct.
Ethical conduct includes the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships. This is discussed in more detail in Section III below.

In all cases, if you are unsure about the appropriateness of an event of action, please seek
assistance in interpreting the requirements of these practices by contacting secretarial department
of the company..

Paramount India has 2 state-of-the-art plants in India, one in Khushkhera, Rajasthan and the other in Dharuhera, Haryana.

An Officer’s duty to the Company demands that he or she avoids and discloses actual and
apparent conflicts of interest. A conflict of interest exists where the interests or benefits of one
person or entity conflict with the interests or benefits of the Company. Examples include:

A. Employment / Outside employment.

In consideration of employment with the Company, Officers are expected to devote their full
attention to the business interests of the Company. Officers are prohibited from engaging in
any activity that interferes with their performance or responsibilities to the Company, or is
otherwise in conflict with or prejudicial to the Company. Our policies prohibit Officers from
accepting simultaneous employment with suppliers, customers or competitors of the
Company, or from taking part in any activity that enhances or supports a competitor’s
position. Additionally, Officers must disclose to the Company’s audit committee, any interest
that they have that may conflict with the business of the Company.

B. Outside directorships.

It is a conflict of interest to serve as a director of any company that competes with the
Company. Officers must first obtain approval from the Company’s audit committee before
accepting a directorship.

C. Business Interest.

If an Officer is considering investing in any customer, supplier or competitor of the
Company, he or she must first take care to ensure that these investments do not compromise
on their responsibilities to the Company. Our policy requires that Officers first obtain
approval from the Company’s audit committee before making such an investment. Many
factors should be considered in determining whether a conflict exists, including the size and
nature of the investment; the Officer’s ability to influence the Company’s decisions; his or
her access to confidential information of the Company or of the other company; and the
nature of the relationship between the Company and the other company.

D. Related parties.

As a general rule, Officers should avoid conducting Company business with a relative, or
with a business in which a relative is associated in any significant role. Relatives include
spouse, siblings, children, parents, grandparents, grandchildren, aunts, uncles, nieces,
nephews, cousins, step relationships, and in-laws. The Company discourages the employment
of relatives of Officers in positions or assignments within the same department.

E. Payments or gifts from other.

Under no circumstances may Officers accept any offer, payment, promise to pay, or
authorization to pay any money, gift, or anything of value from customers, vendors,
consultants, etc., that is perceived as intended, directly or indirectly, to influence any business
decision, any act or failure to act, any commitment of fraud, or opportunity for the
commitment of any fraud. Inexpensive gifts, infrequent business meals, celebratory events
and entertainment, provided that they are not excessive or create an appearance of
impropriety, do not violate this policy. Questions regarding whether a particular payment or
gift violates this policy are to be directed to secretarial department. Gifts given by the
Company to suppliers or customers, or received from suppliers or customers, should be
appropriate to the circumstances and should never be of a kind that could create an
appearance of impropriety. The nature and cost must always be accurately recorded in the
Company’s books and records.

F. Corporate opportunities.

Officers may not exploit for their own personal gain, opportunities that are discovered
through the use of corporate property, information or position, unless the opportunity is
disclosed fully in writing to the Company’s board of directors and the board declines to
pursue such opportunity.

G. Other situations.

Because other conflicts of interest may arise, it would be impractical to attempt to list all
possible situations. If a proposed transaction or situation raises any questions or doubts,
Officers must consult the Company’s audit committee.

All Paramount units are awarded ISO 9001 and 14001 certification. Our products carry Bureau of Indian Standards (BIS/ISI) certification and approved by Fire Insurance Approval (FIA), Tariff Advisory Committee (TAC) and British Approvals Service for Cables (BASEC), amongst others. We also manufacture cables conforming to various Indian and international specifications. Please visit our Quality Policy page for more information.

Our policy is to provide full, fair, accurate, timely, and understandable disclosure in reports and
documents that we file with, or submit to, various authorities and in our other public
communications. Accordingly, our Officers must ensure that they and others in the Company
comply with our disclosure controls and procedures, and our internal controls for financial
reporting.

We manufacture various types of HV and LV Power Cables, Aerial Bunch Cables, Jelly Filled Cables, Optical Fibre Cables, Railway Cables, Instrumentation Cables, Control Cables, Building Wires and Special Cables for Defence, Space Research and Industry. Please visit our Products pages. Our European company, AEI Cables, also has a wide selection of products including Rubber Cables, Fire Performance Cables, Mineral Insulated Cables and Mining Cables. Please visit AEI’s Products pages.

Officers must comply with all applicable government laws, rules and regulations. Officers must
acquire appropriate knowledge of the legal requirements relating to their duties sufficient to
enable them to recognize potential dangers, and to know when to seek advice from the finance
department. Violations of applicable governmental laws, rules and regulations may subject
Officers to individual criminal or civil liability, as well as to disciplinary action by the Company.
Such individual violations may also subject the Company to civil or criminal liability or the loss
of business.

In order to determine your cable requirements, please browse our products pages online where you will find helpful information regarding various cables for various applications and industry sectors. Lastly, our Marketing and Technical teams are at hand for any queries that you may have.

Part of an Officer’s job, and of his or her ethical responsibility is to help enforce this Code.
Officers should be alert to possible violations and report this to the secretarial department.
Officers must cooperate in any internal or external investigations of possible violations. Reprisal,
threat, retribution or retaliation against any person who has, in good faith, reported a violation or
a suspected violation of law, this Code or other Company policies, or against any person who is
assisting in any investigation or process with respect to such a violation, is prohibited.

Actual violations of law, this Code, or other Company policies or procedures, should be promptly reported to the secretarial department.

The Company will take appropriate action against any Officer whose actions are found to violate
the Code or any other policy of the Company. Disciplinary actions may include immediate
termination of employment at the Company’s sole discretion. Where the Company has suffered a
loss, it may pursue its remedies against the individuals or entities responsible. Where laws have
been violated, the Company will cooperate fully with the appropriate authorities.

We manufacture customized products for our clients. Please contact our Marketing team for help.

We are committed to continuously reviewing and updating our policies and procedures.
Therefore, this Code is subject to modification. Any amendment or waiver of any provision of
this Code must be approved in writing by the Company’s board of directors and promptly
disclosed on the Company’s website and in applicable regulatory filings pursuant to applicable
laws and regulation, together with details about the nature of the amendment or waiver.

Paramount sells its products all across India and exports all over the world. Some of our products such as power and control cables as well as building wires, are also sold through dealer stores across India.

Non-Executive & independent directors will generally follow the above code of conduct as far as
practicable. They, however, will not be expected to adhere to the code of conduct relating to day
to day working of the Company where they are not directly involved..

Fires, short circuits and overloads in buildings are commonplace in India. These safety issues arise out of the fundamental error in the way electrical equipment is chosen and installed. The safety of a building is only as good as the quality of building wires that have been used in it.

      1. Paramount’s building wires are made with stringent quality control measures, with the assurance of the correct size and quality of copper, as well as superior PVC. The usage of recycled and undersized copper as well as substandard PVC is commonplace in wire manufacturing in order to sell at low prices. Thus, insist on the quality of wires rather than going by price alone.

      2. Purchasing good quality is not enough, ensure that you buy the correct size of wires specific to usage. Installing the correct size of wire reduces the chances of overloading and fires. Guideline sizing- 0.75 sqmm and 1.0 sqmm for earthing. 1.5 sqmm and 2.5 sqmm for lighting and light load appliances. 4.0 sqmm for heavy electrical load appliances, such as air conditioners, geysers, refrigerators, water pumps, etc. 6.0 sqmm for connections from Authorities.

      3. Ensure that your electrician has the necessary qualifications and training, so that your wiring is installed in the correct and safest manner. For more information on safe wiring, visit ICPC’s website

Please email, call or write to us for any queries you may have.