A G Industries CSR Policy
1. CONCEPT:
1.1 CSR VISION:
Sustained growth for the society and community
1.2 CSR MISSION:
i. Education
ii. Women Empowerment
iii. Sanitation
iv. Health Care
v. Community Development
1.3 SHORT TITLE & APPLICABILITY:
This CSR policy (“the policy”), which encompasses the company’s philosophy for
delineating its responsibility as a corporate citizen and lays down the guidelines
and mechanism for undertaking socially useful programmes for welfare &
sustainable development of the community at large, is titled as the ‘A G
Industries CSR Policy’.
This policy shall apply to all CSR initiatives and activities taken up at the various
units/undertakings/factories of A G Industries Pvt Ltd (“the Company”), for the
benefit of different segments of the society specifically the deprived,
underprivileged and differently abled persons.
1.4 OBJECTIVE:
i. To ensure an increased commitment at all levels in the organisation, to
operate its business in an economically, socially & environmentally sustainable
manner, while recognising the interests of all its stakeholders.
ii. To take up programmes that benefit the communities, in & around its units
and that results in enhancing the quality of life & economic well-being of the
local populace over a period of time.
iii. To generate, through its CSR initiatives, a community goodwill for the
Company and help reinforce a positive & socially responsible image of the
Company as a corporate entity.
2. RESOURCES:
For achieving its CSR objectives through implementation of meaningful & sustainable
CSR programmes, the Company will allocate at least 2% of the average net profit of
the preceding three financial years, as its Annual CSR Budget.
Any unspent/unutilised CSR allocation of a particular year, will be carried forward to
the following year, i.e., the CSR budget will be non-lapsable in nature.
3. SCOPE:
The Company can undertake only such activities as are specified in Schedule VII to
the Companies Act, 2013. These activities includes as under:
i. Eradicating hunger, poverty and malnutrition, promoting preventive health care
and sanitation including contribution to the Swach Bharat Kosh set-up by the
Central Government for the promotion of Sanitation and making available safe
drinking water.
ii. Promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly, and the differently
abled and livelihood enhancement projects.
iii. Promoting gender equality, empowering women, setting up homes and hostels
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.
iv. 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 including contribution to the Clean
Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
v. 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
vi. Measures for the benefit of armed forces veterans, war widows and their
dependents
vii. Training to promote rural sports, nationally recognized sports, paralympic sports
and Olympic sports
viii. 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 Schedule Tribes, other backward classes, minorities
and women
ix. Contributions or funds provided to technology incubators located within
academic institutions which are approved by the Central Government.
x. Rural development projects
xi. Slum area development
xii. Any other activity as notified or included in Schedule VII.
4. MONITORING AND FEEDBACK:
To ensure effective implementation of the CSR programmes undertaken at each
work centre, will be monitored by CSR Committee from time to time. The CSR
Committee has power to appoint authorized officials, employees of the Company,
any consultant and professional to monitor CSR programmes.
CSR initiatives of the Company will also be reported in the Annual Report of the
Company.
5. GOVERNANCE:
5.1 CSR COMMITTEE- ROLE & RESPONSIBILITIES:
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Formulating and amending CSR Policy as per the Companies Act, 2013 from time
to time.
Every year, the CSR Committee will place for the Board’s approval, a CSR Plan
delineating the CSR Programmes to be carried out and the specified budgets
thereof. The Board will consider and approve the CSR Plan with any modification
that may be deemed necessary.
Monitoring CSR Policy from time to time.
5.2 BOARD OF DIRECTORS- ROLE & RESPONSIBILITIES
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Approve CSR Policy and modification thereof as may be deemed necessary.
Ensure implementation of CSR policy.
Disclose the contents of CSR policy in the Board report.
Ensure CSR spending amounting to at least 2% of the average net profit of the
preceding three financial years.
6. GENERAL
6.1. In case of any doubt with regard to any provision of the policy and also in respect
of matters not covered herein and for any, reference, the interpretation &
decision of the Committee will be final.
6.2. 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 by the
Government, from time to time.
6.3. The Board reserves the right to modify, cancel, add, or amend any of these
Rules.
6.4 Projects recognition and approval will be appropriately named as per nature of
Projects.
6.5 The CSR activities of the company shall not include any benefits which are
exclusively for the employees of the Company or their family members.
6.6 Expenditure is to be made in respect of CSR activities done in India only.
6.7 The CSR Activities shall not include any activity undertaken by the Company in
pursuance of normal course of business of the Company.
7. CSR COMMITTEES:
CSR COMMITTEE WILL HAVE THE FOLLOWING DIRECTORS AS MEMBERS:
Sr.
No.
1
Names
Mrs. Geeta Anand
2
3
Mrs. Aniesha Munjal
Mrs. Shama Sondhi
Designation
Chairperson
Committee
Member
Member
of
CSR
8. 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
Plan. Moreover, any surplus arising from any CSR Programmes shall be used for
other CSR activities. In no case surplus arising out of CSR projects or programmes or
activities will form part of the business profit of A G Industries Private Limited. The
total expenditure towards administrative and other overheads for the CSR projects
or programmes or activities can not be more than 5% of total CSR fund.
9. IMPLEMENTATION SCHEDULE:
The CSR Committee will decide implementation schedule depending upon each CSR
project or activity.
10. MODALITIES OF EXECUTION:
The CSR Committee will decide modalities of execution depending upon each CSR
project or activity.