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Objective
To actively contribute to social, economic and environmental development of the communities in which we operate ensuring participation from the community and thereby create value for the nation.
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Scope
The CSR activities shall be carried out by the company within the broad scope laid down in Schedule VII to the Companies Act, 2013 (including amendments or additions made thereto from time to time) as projects/programmes/activities, excluding activities in its normal course of business.
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Execution Policy
The CSR Committee would recommend to the Board a CSR policy, recommend the amount of expenditure to be incurred on the CSR activities and monitoring implementation of the policy.
The Board shall be responsible for approving the CSR policy recommended by the CSR Committee, disclosing the content of the policy, including projects undertaken.
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Progress Monitoring and Reporting
The Board in consultation with CSR Committee would set direction including a review mechanism for the effective functioning. The CSR Committee shall provide a responsibility statement on the implementation and monitoring of the CSR Policy and that it is in compliance with CSR objectives of the Company, which statement shall form part of the Boards’ Report.
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Amendments
The policy may be amended by CSR Committee from time to time subject to approval of the Board of Directors.