We believe in preserving socio-economic and environmental balance which continues to be eroded by the effects of urbanisation and industrialization.
Our contribution towards maintaining equilibrium will be through initiatives in education, health care, livelihood enhancement and environment preservation.
Our vision for CSR continues to reflect the programs that we have undertaken through decades. These also qualify as CSR initiatives under S.135 of the Companies Act, 2013 (“the Act”) read with Schedule VII of the Act and The Companies (Corporate Social Responsibility Policy) Rules, 2014 (“CSR Regulations”).
We are committed to sustainable and reliable initiatives in areas of education, health care and environment. We would undertake these initiatives within our corporate structure by formulating and implementing programs in the initiatives mentioned below. Furthermore the Board may also undertake, such programs through a third party entity as permissible under the Act and or the Regulations.
Promoting education and employment enhancing vocation skills, by providing opportunities for learning, acquiring knowledge, building technical and vocational competence inter alia, through :
Promoting healthcare through :
Promoting environmental sustainability, ecological balance, and protection of flora and fauna through :
CSR Committee comprises of :
The CSR Committee shall operate as per the CSR Policy. The Committee shall also formulate and recommend to the Board for its approval the CSR activities/initiatives to be undertaken by the Company including the expense to be incurred on such activities. The Committee shall function under the approach and direction given by the Board and as per the CSR policy.
To Execute and monitor the CSR Activities, the CSR Committee has formed an operating team.
Guiding principles for selection, implementation and monitoring of CSR Activities
Sustainable projects / programs will form part of the CSR Activities. These may be altered from time to time by the Board on the recommendation by the Committee with respect to their scope and allocated budget
The Committee shall evaluate the projects to be undertaken as CSR Activity and shall recommend to the Board the identified projects which fit into the vision and comply with the requirements under the Companies Act, 2013.
The CSR Activities recommended by the CSR Committee to be approved by the Board.
Identified CSR Activities implementation strategy is as under :
CSR Activities monitoring is being done by the Operating Team in following manner :
The operating team tracks the progress of the CSR Activities, provides continuous updates on the progress of the CSR Activities and appraises the CSR Committee of the same.
The Committee evaluates the progress of the CSR Activities and presents the same before the Board for approval.
The surplus arising out of the CSR Activities shall not form part of the business profit of the Company.
The CSR Committee proposes the annual action plan to the Board for approval. Annual Action Plan includes :