OBJECTIVE

• To lay down guidelines to make CSR a key business process for sustainable development of the society.
• To directly/indirectly undertake projects & programs, which will enhance the quality of life and economic well-being of the communities in and around our plant and society at large.
• To generate goodwill and recognition among all stake holders of the company.

OUR RESPONSIBILITIES

1. TOWARDS OUR COMMUNITIES

   We will involve communities surrounding our operations to bring about a positive change in their lives through holistic, sustainable and integrated development.

2. TOWARDS OUR CUSTOMERS

   We will build gainful partnerships with the customers to understand their needs and provide right product and service solutions. We will adopt and actively work towards fair business practices.

3. TOWARDS OUR BUSINESS PARTNERS

   We will support our suppliers to cultivate ethical and fair business practices and give preference over other to those who demonstrate this.

4. AS A CORPORATE CITIZEN

   We reaffirm our commitment to conduct our business with environmental accountability with a constant endeavor to adopt environment-friendly technologies and energy efficiency in our operations.

5. RESPONSIBILITIES TOWARD OUR EMPLOYEES

   We will foster a work culture with high ethical principles and standards and encourage our employees to perform with total integrity, commitment and ownership. We will do all we can to support their professional growth and recognize high achievers. We recognize that our employees and contractors deserve to work in a safe and healthy work environment and will make it our responsibility to ensure the same.

CSR ACTIVITIES

The scope of the CSR activities of the company will cover the following areas as specified under Schedule VII of the Companies Act, 2013 read with Section 135, but not limited to the same and may extend to other specific projects/programs as permitted under the law from time to time

• Promotion of education and related areas [including special education and employment enhancing vocation skills especially among children, women, elderly and the differently able and livelihood enhancement projects].
• Eradicating hunger, poverty and malnutrition, promoting health care including 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.
• Social and life skills development for the marginalized & underprivileged children to help them live a beautiful life.
• Strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihoods, thereby creating sustainable villages
• Artesian and handicraft support and growth.
• Participation in social causes like breast cancer awareness initiatives & programs.
• Slum area development
• Disaster management, including relief, rehabilitation and reconstruction activities
• Protecting national heritage, art and culture, including the restoration of buildings, sites of historical importance, and works of art; setting up public libraries; reviving, promoting and developing traditional arts and handicrafts
• Promoting gender equality and empowering women; setting up homes, hostels and day care centers for women and orphans; setting up old age homes and other similar facilities for senior citizens; and adopting measures for reducing inequalities faced by socially and economically backward groups.
• Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining the quality of soil, air and water.
• training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports
• Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and
• Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).]
• All the funds specified under Schedule VII of the Companies Act, 2013 and by the Ministry of Corporate Affairs, as amended from time to time.

The Company will follow the activities as prescribed under schedule VII of Companies Act, 2013, as amended, from time to time.

UNDERTAKING CSR ACTIVITIES

The Company will undertake its CSR activities (being projects / programs / other permitted activities), approved by the CSR Committee either directly or through such other eligible entity / organization as approved by the CSR Committee. The surplus arising out of the CSR activities shall not form part of the business profit of the Company. Such surplus shall be spent towards its CSR activities in accordance with this policy. Identification and implementation of multi-year CSR projects / programs (“Ongoing Projects”) will be monitored by the CSR Committee and the Board of Directors of the Company (“the Board”), as required under Applicable Law.

CSR COMMITTEE

1. Mr. ASHISH PRAVINCHANDRA DHAKAN (Managing Director) - Chairman
2. Mr. HONGLI HE, (Director)- Member
3. Mr. PEISHENG DU, (Director)- Member

The CSR committee will be responsible for:

1. formulating the CSR policy in compliance to Section 135 of the Companies Act 2013
2. identifying activities to be undertaken as per Schedule VII of the Companies Act 2013
3. recommending to Board the CSR expenditure to be incurred
4. recommending to Board, modifications to the CSR policy as and when required
5. regularly monitoring the implementation of the CSR policy

The Board will ensure that the activities included in the CSR policy are undertaken by the Company and ensure that the Company spends, in every financial year at least two percent of the average net profits of the Company made during three immediately preceding financial years and ensure that the Company gives preference to the local area and areas around it where it operates, for spending the amount earmarked for CSR activities. In case the Company fails to spend such amount, the Board’s report shall specify the reasons for not spending the amount.

A formal process of approving plan & projects that the Company will support will be put into place with each project being vetted by the CSR Committee for each year.

In order to ensure transparency and communication with all stakeholders, the CSR Committee will document the details of the Company’s CSR initiatives and CSR expenditure and ensure that the same are available in the public domain i.e. the Directors’ Report of the Company’s Annual report and on the Company’s website.

Any modifications/changes in this policy shall be made only after the approval of the Board of Directors of the Company on the basis of recommendation made by the CSR Committee.