Corporate Governance is the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility for sustainable development of all stakeholders.

In order to promote and raise the standards of Corporate Governance, the Securities and Exchange Board of India (SEBI) introduced a Code of Corporate Governance for implementation by Listed Companies. The recommendations of SEBI suggested suitable amendments to the Listing Agreement to improve the standards of Corporate Governance in the Listed Companies, and are divided into mandatory and non-mandatory recommendations. The revised Clause 49 of the Listing Agreement has been made effective from January 1, 2006. We confirm that your Company is fully compliant with the statutory provisions of Corporate Governance.

Corporate Governance philosophy at Nucleus is to comply with not only the statutory requirements, but also voluntarily formulate and adhere to a set of strong Corporate Governance practices. We believe that sound Corporate Governance is critical to enhance and retain investor trust. The responsibility for putting the recommendations into practice lies directly with the Board of Directors and the Management of the Company. The Company's goal is to find proactive and productive ways of keeping its stakeholders i.e. Investors, Customers and Associates informed, while fulfilling the role of a responsible corporate committed to best practices.