OUR CORPORATE SOCIAL RESPONSIBILITY POLICY

PREAMBLE

The primary objective of Corporate Social Responsibility is the commitment of M/s Jaya Krishna Flour Mills Private Limited to contribute for sustainable economic development and social welfare of the Society at large like education, health, water, environment and community welfare.


CORPORATE SOCIAL RESPONSIBILITY PURPOSE STATEMENT

The Company shall focus primarily on the following activities to be referred to as CSR activities:

  1. Eradicating hunger, poverty and malnutrition; Promoting preventive and general health care, sanitation; and Provision of safe drinking water;
  2. Promoting education including special education and employment, enhancing vocation skills, especially among children, women, elderly and the differently-abled; and Promoting livelihood enhancement projects
  3. Promoting gender equality; Empowering women; Setting up of homes, hostel for women and orphans; Setting up old age homes, day care centres and such other facilities for senior citizens; and Measures for reducing inequalities faced by socially and economically backward groups
  4. 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
  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; and Promotion and development of traditional arts and handicrafts
  6. Measures for the benefit of armed forces veterans, war widows and their Dependents
  7. Training to promote: - Rural Sports - Nationally recognized Sports – Paralympic Sports - Olympic Sports
  8. Contributions to:
    • The Prime Ministers National Relief Fund; or
    • Any other fund set up by the Central Government for socio economic development and relief and welfare of SC/ ST/OBC, minorities and women
  9. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government
  10. Contributing to rural development projects; and
  11. Such other activities and projects covered in Schedule VII to the Companies Act 2013 from time to time.

SCOPE

This policy will apply to all projects/programmes undertaken as part the Company’s Corporate Social Responsibility and will be developed, reviewed and updated periodically with reference to relevant changes in corporate governance, international standards and sustainable and innovative practices. The policy will maintain compliance and alignment with the activities listed in Schedule VII and Section 135 of the Companies Act 2013 and the rules framed there under.


GOVERNANCE

The approval of the CSR policy and oversight is the responsibility of the Company’s Board of Directors. The responsibility of the CSR committee is to formulate the policy and to administer the policy through implementing partner(s) or via self-implementation. The CSR Committee shall provide guidelines for projects/partner selection to the respective HR or CSR teams, wherever applicable. The CSR committee is to ensure that projects/programmes are compliant with regulations and are monitored and reported effectively. As the Company’s CSR activities evolve, the policy may be revised by the CSR committee and approved by the Board of Directors.


CSR EXPENDITURE

The CSR Committee shall recommend to the Board the amount of expenditure to be incurred on the CSR activities to be undertaken by the company as approved by the Board. In case of any surplus arising out of CSR projects, the same shall not form part of business profits of the Company.


IMPLEMENTATION

The Company shall undertake CSR project/programmes identified by the CSR Committee and approved by the Board of Directors in line with the CSR Policy.


The Company shall implement its CSR programmes/projects:

  1. Through an implementation partner that can be a public charitable trust or a society registered under applicable Acts or a Company registered under Section 8 of the Companies Act 2013; or
  2. On its own, through the relevant HR or CSR department or through its own foundation (if applicable) specifically created for implementing its CSR initiatives.

The Company may enter into partnerships or alliances with NGOs, Trusts, or other Corporate Foundations etc. to effectively implement its CSR programmes/projects. The Company can also implement programme(s) in collaboration with other company(ies), if permissible and feasible in such a manner that the CSR Committee is in a position to report separately on such projects / programs. The Company shall formulate criteria and procedure for selection, screening and due diligence of its implementing partners.


MONITORING AND REPORTING

The CSR Committee will oversee the implementation and monitoring of all CSR projects/ programmes and periodic reports shall be provided for review to the Board. The Company will institute a well-defined, transparent monitoring and review mechanism to ensure that each CSR project/programme has:
  1. Clear objectives developed out of the societal needs that may be determined through need assessment studies and research (secondary or primary).
  2. Clear targets, time lines and measurable indicators, wherever possible.
  3. A progress monitoring and reporting framework that is aligned with the requirements of Section 135 of the Companies Act 2013 and the CSR Rules.

GENERAL

Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the guidelines on the subject as may be issued from Government, from time to time. The Company reserves the right to modify, cancel, add, or amend any of these Rules. Approved by Board of Directors on 04TH February 2015

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