CSR Policy

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Over the years the Company has been involved in a number of community - focused activities, in the areas of health, education and preservation of the Country's rich culture and heritage. Continuing the tradition, it is recommended that the Company may focus primarily on following activities to be referred to hereinafter as "CSR activities".

1) Promoting preventive and general health care, sanitation and provision of safe drinking water  

2) Promoting education by providing financial assistance to deserving educational institutions, meritorious and needy students, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled, promoting livelihood enhancement projects and road safety projects with special emphasis on driver training programmes. 

3) 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.  

4) 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.  

5) 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 arts and handicrafts.

6) Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central government.

7) Contributing to rural development projects and

8) Such  other  activities  and  projects  covered  in  Schedule  VII  to  the Companies Act, 2013 from time to time.

The  Company  will  undertake  its CSR  activities  either  directly  or  through  a Registered   Trust or  through   a   Registered   Society   or   establish   another Company under Section 8 of the Companies Act, 2013 or even to collaborate with other entities.

The implementation Schedule for CSR activities will be dependent on the availability of eligible projects.

The Board shall ensure that the Company spends, in every financial year, at least 2% of the average net profits of the Company made during the three (3) immediately preceding financial years for CSR activities.

For this purpose, "average net profit" shall be calculated in accordance with provisions of Section 198 of the Companies Act, 2013, after deducting therefrom the dividends that may be received from companies in India which are covered under complying with the provisions of Section 135 of the Companies Act, 2013.

The Company will give preference to the local area(s) in and  around  our offices in India.

The Company  may use the CSR capacities of their own personnel  in executing the CSR activities and also effectively monitoring the same but such CSR expenditure shall not exceed five (5%) percent of total CSR expenditure of the Company in one financial year.