We as a responsible, ethical and society conscious establishment has located many of our units in rural pockets to facilitate nurturing of men and women from villages. Now it becomes an opportunity to enhance our involvement and adding of improvements in the life of rural masses in and around our factory locations. We have longing desires to provide continuous job opportunities to the needy so that migration is reduced to the possible extent for livelihood. Our philosophy is to provide good education facility besides offering employment and skills development for employees who would in turn contribute to the welfare of neighborhood in one way or other. We help the needy in providing opportunities for growth and build capabilities for their development.
We have had CSR projects of contributing to orphanage for the disabled, children education trust and religious organizations. By distribution of education materials, the Company has helped the students of the schools in the nearby locations.
The Company has made contributions to promote green energy in rural areas besides involved in CSR activities in improving community welfare, environmental protection and road safety measures.
Now to coincide with the statutory requirement of the corporate social responsibility, the Company would continue to get involved and also to take up inter-alia the following CSR activities.
The above CSR activities do not include the activities undertaken in pursuance of normal course of business of the Company.
To pursue the aforesaid CSR Programmes primarily in areas that fall within the economic vicinity of the Company’s operations to enable close supervision and ensure maximum development impact, the Company would adhere to the guidance and directions of the CSR Committee headed by Mr.P.Sundararajan, Chairman of the Committee.
The CSR Committee if desired, may form a registered Trust for implementation of the CSR projects and programmes and this Trust can receive the funds from the Company for utilization of the same on such projects and programmes and for monitoring and reporting mechanism.
CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR Programmes undertaken in accordance with the approved CSR Plans. Any surplus arising from any CSR Programmes shall be used for CSR programmes. Accordingly, any income arising from CSR Programmes will be netted off from the CSR expenditure and such net amount will be reported as CSR expenditure.
The Board’s report pertaining to a financial year would include an annual report on CSR containing the particulars as specified in the Companies (Corporate Social Responsibility Policy) Rules, 2014.
This CSR Policy of the Company and the Board’s report on the CSR activities shall be displayed on the Company’s website from time to time.