Corporate Social Responsibility

Established in 1989 – has firmly ingrained to be a reputed name in the apparel industry in
a span of over 2 decades with integrated manufacturing setup.

Corporate Social Responsibility

Home|Investors|Corporate social responsibility csr policy

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.

Identification of projects for the CSR Policy

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.

  • Providing of assistance in the promotional activities of education, enhancing of skills to younger generation in their employment which would improve their life styles.
  • Implementing projects or programmes for environmental sustainability, protection of plantations and horticulture, conserving of natural resources, planting of trees, development of agro forestry etc.
  • Pursuing of rural development projects in and around the factories’ locations directly or jointly with organizations which are involved in such projects, programmes or activities.
  • Collaborating with other companies for undertaking CSR activities, projects or programmes in such manner that if the CSR Committee is in a position to report separately on such projects or programmes.
  • Such other programmes, projects or activities which are within the policy frame work as specified in Schedule VII to the Companies Act, 2013.

The above CSR activities do not include the activities undertaken in pursuance of normal course of business of the Company.

Implementation process

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.

Governance
  • The CSR Committee/ the Trust (if formed for the purpose) will place for the Board’s approval delineating CSR Programmes to be carried out during every financial year and the specified budgets thereof. The Board will consider and approve the CSR Plan with any modification that may be deemed necessary.
  • The CSR Committee will assign the task of implementation of the CSR Plan within specified budgets and timeframes to such persons or bodies as it may deem fit.
  • The persons/bodies to which the implementation is assigned will carry out such CSR Programmes as determined by the CSR Committee within the specified budgets and timeframes and report back to the Committee on the progress thereon at such frequency as the Committee may direct.
  • The CSR Committee shall review the implementation of the CSR Programmes once a quarter and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR Programmes in accordance with this Policy.
  • Once every six months the CSR Committee will provide a status update to the Board on the progress of implementation of the approved CSR Programmes carried out during the previous six months period. It shall be the responsibility of the Committee to review such reports and keep the Board apprised of the status of implementation of the same.
  • At the end of every financial year, the CSR Committee will submit its report to the Board.
CSR Expenditure

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.

CSR Reporting

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.