The objective of the CSR Policy (“Policy”) is to lay down the guiding principles in undertaking various Programs and projects by or on behalf of the Company relating to Corporate Social Responsibility (“CSR”) within the meaning of section 135 of the Companies Act, 2013 read with Schedule VII of the Act and the CSR Policy Rules 2014. (“Rules”).
In line with Schedule VII of the Act and the CSR Rules, the Company shall undertake CSR activities included in its Annual CSR Plan, as recommended by the CSR Committee at the beginning of each year. The Committee is authorized to approve any modification to the existing Annual CSR Plan or to propose any new program during the financial year under review.
The Company may undertake projects or programs or activities aimed at improving the health and Hygiene of the socially or economically weaker sections, families in the below poverty line (BPL) by Providing free or subsidized medicine, clinical laboratory facilities, free or concessional treatments at Hospitals, provide medical equipment’s, setting up of medical and diagnostic camps, free medical Insurance for a group of people or families in the BPL category, projects or programs aimed at eradicating poverty or malnutrition of women and children, pain and palliative care etc.
Company may undertake projects or programs or activities aimed at the promotion of elementary to professional education and to support the students belonging to weaker sections of the society including SC/ST/OBCs by way of setting up schools, colleges, coaching centres, providing libraries, text books and other study materials, vocational training centres and centres for physically challenged students, Providing endowments or other forms of recognitions to successful candidates pursuing recognized Examinations, scholarships or other forms of merit cum means assistance etc.
Company may take up and carry on projects, programs or activities aimed at women empowerment and gender equality. The objective may be achieved through supporting women belonging to socially or financially weaker sections of the society by providing job oriented training programs with an objective of making them financially independent.
Further, the Company may take up all or any projects, programs or activities falling under any of the Activities in the following fields as approved by the Board on the recommendation of the CSR committee.
CSR committee of the Company will be responsible for the monitoring of various CSR projects or programs undertaken by the Company directly or indirectly. The committee shall ensure that;
The CSR policy of the Company may be amended at any time by the Board of the Company on the Recommendation of the CSR committee.