CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

Our commitments towards Corporate Social Responsibility (CSR) includes promotion of healthcare and betterment of the society through respect for universal human rights and the environment, acting with integrity and accountability and operating responsibly and sustainably.

Objective:

The main objective of the CSR Policy is to lay down guidelines for doing CSR activities with a focus on making a positive contribution to society through effective impact and sustainable development programs. This Policy covers the proposed CSR activities to be undertaken by the Company and ensuring that they are in line with Schedule VII of the Companies Act, 2013 as amended from time to time. It covers the CSR activities which are being carried out in and includes strategy that defines plans for future CSR activities.

Scope and Coverage:

The CSR activities of the Company shall include, but not limited to any or all the sectors/activities as may be prescribed by Schedule VII of the Companies Act, 2013 amended from time to time. Further, the Company will review the sectors/activities from time to time and make additions/ deletions/ clarifications to the above sectors/activities.

Areas for activities:

The Company shall identify projects / programmes which will fall in any one or more of the following areas /sectors for its CSR spending:

  • Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
  • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
  • Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
  • Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
  • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts.
  • Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows.
  • Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports.
  • Rural development projects.
  • Slum area development.
  • Disaster management, including relief, rehabilitation, and reconstruction activities.

The CSR projects or programs or activities undertaken by the Company as per the Company’s CSR Policy in India only shall amount to CSR Expenditure in accordance with the provisions of the Act.

All the expenses and contributions for CSR activities will be made after approval from the Board of the Company. The Board will ensure that the expenses/ contributions will be in full compliance of the CSR Policy.