Corporate Governance

At Udupi Power Corporation Limited, strong corporate governance is the cornerstone of our commitment to responsible, transparent, and ethical business practices. In 2026, we continue to uphold robust governance frameworks that ensure accountability, integrity, and compliance across all levels of the organization. Our governance philosophy is built on the principles of fairness, transparency, and responsibility, enabling us to create sustainable value for our stakeholders while maintaining the highest standards of corporate conduct.

We maintain a well-structured governance system led by an experienced Board of Directors, supported by specialized committees that oversee key areas such as audit, risk management, compliance, sustainability, and stakeholder engagement. Our policies are aligned with industry standards, statutory requirements, and best global practices, ensuring that every decision is made in the long-term interest of our stakeholders and the communities we serve.

Risk management remains a critical focus area, and we continue to strengthen our frameworks to identify, assess, and mitigate operational, environmental, and financial risks. Our internal control systems are regularly reviewed and enhanced to promote efficiency, safeguard assets, and ensure compliance with regulatory guidelines. Ethical conduct and zero tolerance toward corruption form an integral part of our culture, supported by a strong code of ethics and whistleblower mechanisms that encourage transparency and accountability.

We are committed to fostering a culture of compliance, safety, and continuous improvement. Regular training, policy updates, and internal audits ensure that our employees, partners, and contractors adhere to the highest standards of legal and ethical responsibility. In addition, we emphasize responsible stakeholder engagement, ensuring that our operations remain aligned with community expectations and national energy priorities.

Through our strengthened governance practices, Udupi Power Corporation Limited remains dedicated to building trust, protecting stakeholder interests, and driving operational excellence. Our focus on ethical leadership, transparency, and long-term sustainability continues to guide our growth as a responsible and future-ready energy provider.

Code of Conduct

The Code of Conduct at Udupi Power Corporation Limited reflects our commitment to ethical behavior, responsible decision-making, and the highest standards of professionalism. It serves as a guiding framework for all employees, management teams, contractors, and business partners, ensuring that our actions consistently align with our corporate values, legal obligations, and stakeholder expectations..

We expect all individuals associated with Udupi Power to uphold integrity, honesty, and fairness in every aspect of their work. This includes maintaining transparency in communication, avoiding conflicts of interest, respecting confidentiality, and ensuring that personal or external interests never compromise company decisions. We maintain a strict stance against corruption, bribery, discrimination, harassment, and any form of unethical practice.

Compliance with all applicable laws, industry regulations, and internal policies is mandatory. Employees are responsible for acting in accordance with safety standards, environmental guidelines, and operational procedures to promote a safe, respectful, and sustainable workplace. Our whistleblower policy provides a secure and confidential channel for reporting concerns or violations without fear of retaliation, reinforcing our culture of accountability and trust.

We also emphasize respect, diversity, and collaboration, encouraging employees to treat colleagues, customers, partners, and community members with dignity and professionalism. Responsible use of company resources, protection of intellectual property, and safeguarding of sensitive information are fundamental expectations under this Code.

By adhering to this Code of Conduct, Udupi Power Corporation Limited reaffirms its dedication to ethical leadership, transparent operations, and long-term stakeholder value. Every member of our organization is expected to uphold these principles and contribute to a culture of integrity and excellence.