CSR Policy

Key Words & Meanings

  • “Act” shall mean the Companies Act 2013, including any modifications, amendments or re‐enactment thereof.
  • “Approved Budget” shall mean the total budget as approved by the Board of the Company upon the recommendation of the CSR Committee, which is to be utilized for CSR Projects
  • “Board” shall mean the Board of Directors of the Company.
  • “CSR Annual Plan” shall mean the annual plan detailing the CSR expenditure for the year.
  • “CSR Committee” shall mean the Corporate Social Responsibility Committee constituted by the Board of the Company in accordance with the Act.
  • “CSR Policy” shall mean the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.
  • “CSR Projects” or “Projects” means Corporate Social Responsibility projects/activities/ programs/ initiatives, instituted in India, either new or ongoing, and include, but is not limited to those undertaken by the Board in pursuance of recommendations of the CSR Committee as per the declared CSR.
  • “Financial Year” shall mean the period beginning from 1st April of every year to 31st March of the succeeding year.
  • “Net profit” shall mean the net profit as per the Act and Rules based on which the specific percentage for CSR expenditure has to be calculated.
  • “Rules” shall mean the Companies (Corporate Social Responsibility) Rules 2014, including any re‐enactment, modifications or amendments thereof.

Policy Objectives:

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”).


  • Draft the CSR policy and recommend the same to the Board for approval.
  • Review and recommend any new CSR initiatives to be taken up by the Company.
  • Review the progress of CSR projects already undertaken by the Company and the utilization of budgets for each such projects.
  • Review and recommend the CSR report to be included in the Board’s report.
  • Review and recommend any amendments to be made in the CSR policy of the Company.
  • To carry such other functions as may be delegated to it by the Board relating to CSR activities of the Company.


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.

CSR Activities:

Promotion of Health care:-

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.

Promotion of Education:-

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.

Empowerment of women:-

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.

  • Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water.
  • 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.
  • 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 sport.
  • Contribution to Prime Minister’s National Relief Fund or any other fund set up by the Central Government for Socio‐economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other 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.


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;

  • Company undertakes the CSR activities as provided in the CSR policy.
  • The projects/ programs are implemented as per the program approved by the Board.
  • The budget allocated for each of the project is utilized for the projects as per the approved plans.
  • The objective of the project/program is achieved as per the plans.
  • Company shall provide necessary resources and human capital for implementation and the effective monitoring of the CSR projects and programs as may be directed by the CSR Committee. The services of any external agencies or persons who have experience in the same or similar projects or programs undertaken or proposed to be undertaken by the Company may also be made available for successful implementation an monitoring of the project.


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.