The company’s CSR Policy is framed in order to serve the society and its upliftment in which the Company operates.
To contribute to the development of the society by providing quality health and medical facility, quality education, self-developing facilities and creating awareness about the necessity of the environment.
The company even before the CSR Regulations were implemented, had voluntarily been an active player in contributing to the upliftment of health, education and awareness of the people and the society.
The CSR activities that shall be pursued are:
Eradicating hunger, poverty and malnutrition, promoting health care and preventive health care and sanitation (including contribution to Swachh Bharat) and making available safe and drinking water.
Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the different abled and livelihood enhancement projects.
Promoting gender quality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centre and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically social groups.
Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of the soil, air and water.
Protection of natural 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 the traditional and handicrafts.
Measures for the benefit of armed forces veterans, war widows and their dependents.
Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports.
Contribution to the prime Minister's National Relief Fund or any fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the scheduled Tribes, others backward classes, minorities and women.
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects.
Slum area development.
Such other activities as the Board may consider begin appropriate.
The Company shall undertake CSR activities on its own, to the extent possible.
Undertake CSR activities through a registered trust or a registered society or a company established under section 8 of the Act or otherwise which satisfies the eligibility criteria.
Join / Collaborate with other companies.
Make Contribution to various funds like Prime Minister's National Relief Fund and any other fund set up by the Government which shall qualify for CSR activities.
The Company shall spend in every financial year, at least two percent of the average net profits of the company made during the three immediately preceding financial Years along with unspent money if any of the previous year.
The CSR committee of the board or such other authorized person shall present a report which shall state the:
Activities undertaken during the year.
Amount Spent and unspent during the year.
Manner in which the amount was spent during the year.
Make necesssary disclosure and reports as required under the Companies Act 2013.