CHAIRMAN STATEMENT
DECLARATION ON CODE OF CONDUCT
As required by Clause 49 of Listing Agreement, the Managing Director and CEO's
Declaration for Code of Conduct is given below:
To
The Members of
JMD Telefilms Industries Limited
(a) We have reviewed financial statements and the cash flow statement for the year and
that to the best of their knowledge and belief:
(i) these statements do not contain any materially untrue statement or omit any
material fact or contain statements that might be misleading;
(ii) these statements together present a true and fair view of the company's affairs
and are in compliance with existing accounting standards, applicable laws and regulations.
(b) There are, to the best of their knowledge and belief, no transactions entered into
by the company during the year which are fraudulent, illegal or violative of the company's
code of conduct.
(c) We accept responsibility for establishing and maintaining internal controls for
financial reporting and that we have evaluated the effectiveness of internal control
systems of the company pertaining to financial reporting and we have disclosed to the
auditors and the Audit Committee, deficiencies in the design or operation of such internal
controls, if any, of which we are aware and the steps we have taken or propose to take to
rectify these deficiencies.
(d) We have indicated to the auditors and the Audit committee
(i) significant changes in internal control over financial reporting during the year;
(ii) significant changes in accounting policies during the year and that the same have
been disclosed in the notes to the financial statements; and
(iii) instances of significant fraud of which they have become aware and the
involvement therein, if any, of the management or an employee having a significant role in
the company's internal control system over financial reporting.
(e) We further declare that all Board Members and Senior Managerial Personnel have
affirmed compliance with the Code of Conduct for the current Financial Year.
For JMD Telefilms Industries Ltd.
Kailash Prasad Purohit
Chairman & Managing Director