1. Preface
Corporate Social Responsibility (CSR) is a way through which organisations can contribute to society and operate responsibly. The Company recognises that decisions should consider social and environmental consequences alongside financial and operational factors.
2. Objective and Purpose
The policy defines areas of involvement, CSR governance, project identification, execution and monitoring, treatment of surpluses, annual action planning and the guiding principles for implementation.
3. Alignment with Organisation Values
The CSR approach is aligned with accountability, diversity, holistic social development and collaboration.
4. Applicability
The policy is applicable in accordance with Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time.
5. Scope of CSR Policy
The policy applies to eligible CSR projects undertaken by the Company in line with Section 135 and Schedule VII of the Companies Act, 2013. Activities are intended to be over and above the normal course of business.
6. Areas to Emphasize
Focus areas include education and vocational skills, medical relief and rehabilitation, hunger and poverty reduction, preventive healthcare and sanitation, women empowerment, support for vulnerable groups, rural development, sports, disaster relief and other eligible activities under Schedule VII.
7. Undertaking CSR Activities
CSR activities may be undertaken directly or in partnership with eligible Section 8 companies, registered public trusts, registered societies or other entities permitted under applicable law.
8. Governance Structure
The Company has constituted a CSR Committee at Board level supported by a CSR team. Responsibilities include policy review, project identification, fund allocation, implementation, monitoring and reporting.
9. Monitoring and Reporting
CSR initiatives should be monitored for effectiveness, compliance and utilisation of funds. Progress and annual reporting are presented to the appropriate governance bodies.
10. Review of Policy
The policy may be reviewed and updated periodically in line with changes in legislation, rules and best practices.