Corporate Social Responsibility Policy (CSR)                            

 

1.   Preamble

AT AMAR TEA PRIVATE LIMITED, the Corporate Social Responsibility (CSR) has been an integral part of the way we have been doing our business since inception. The Company’s CSR initiatives has played pivotal role in improving the lives of the communities and society at large and in & around our operations with an objective to energize, involve and enable them to realise their potential. This has also enabled us to fulfil our commitment to be a socially responsible corporate citizen The Company’s commitment towards this includes contributing to Institutions which are engaged in activities aligned to the activities forming part of its CSR policies.

 

2.   Objectives

A)     To lay down guidelines to make CSR a key business process for sustainable development of the society.

B)     To directly/indirectly undertake projects/programs this will enhance the quality of life and economic well-being of the communities in and around our plant and society at large.

C)      To generate goodwill and recognition among all stake holders of the company.

 

3.   Our Responsibilities

 

A)     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.

B)     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 encourage the best and fair business practices and shall endeavour to build solid bonds with them.

C)      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.

D)     As a Corporate Citizen

We reaffirm our commitment to conduct our business with environmental accountability. We will endeavour to adopt environment-friendly technologies and energy efficiency in our operations while continuously monitoring and reducing emissions

E)      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 recognise high achievers.

 

4.   CSR activities of company

The scope of the CSR activities of the Company will cover the following areas but not limited to the same and may extend to other specific projects/ programs as permitted under the law from time to time.

 

1a.

Eradicating hunger, poverty and malnutrition

Agro Based livelihoods, Better Cotton Initiatives, Agriculture Development, Krishi Vigyan Kendra.

1b.

Promoting health care including preventive healthcare and sanitation

Health and Sanitation Development programs, medical camps, programs for HIV Aids etc.

1c.

Providing safe drinking water

Drinking water programs, construction of check dams, dykes, ponds, links, channels, wells and water storage tanks.

2

Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;

Construction and running of schools and libraries, vocational training and special education institutes, providing financial assistance and scholarships for higher education. Undertaking and skills and entrepreneurship programs.

3

Women Empowerment and Facilities for Senior Citizens

Setting up centres and institutions for women & senior citizenship.

Promoting SHGs amongst women for undertaking income generating

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;

Horticulture plantation, agro farm forestry, afforestation, projects on non-conventional energy (biogas), animal husbandry programs, forest conservation projects, water resource management and soil conservation, promoting micro-irrigation etc.

5

Promotion and protection of art & culture

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;

6

Measures for the benefit of armed forces veterans, war widows and their dependents;

Activities/programs for benefit of armed forces and families.

7

Training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports;

Projects/programs promoting various sports activities

8

Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;

Projects/programs for the development and upgrading of technology

9

Contribution/Financial Assistance

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 Scheduled Tribes, other backward classes, minorities and women;

10

Rural development projects

Rural infrastructure projects and agriculture

 

 

5.   Exclusion from CSR

The following activity shall not form part of the CSR activities of the Company

 

1.      The activities undertaken in pursuance of normal course of business of a company.

2.      CSR projects/programs or activities that benefit only the employees of the Company and their families.

3.      Any contribution directly/indirectly to political party or any funds directed towards political parties or political causes.

4.      Any CSR projects/programs or activities undertaken outside India.

 

 

6.   CSR Committee

CSR committee was formed on 22/04/2014 comprising of following member

 

Name of director

DIN

Bakul H. Shah (Chairman)

00261112

Atul H. Shah (Member)

00261351

Sanjay B. Shah (Member)

00261413

 

The CSR Committee will be responsible for the monitoring CSR activities and report to the Board from time to time.

 

The CSR Committee has the powers to:

 

o   Seek monitoring and implementation report from the Organisations receiving funds.

o   Delegate a designated company official to co-ordinate with the Organisation receiving funds to inspect the activities undertaken and ensure information in a timely manner.

 

The committee shall endeavour to spend at least 2% of the average net profit during the preceding 3 financial years on CSR activities as enumerated above.

Any surplus arising out of the contribution made for CSR Activities shall not form part of the business profit of the Company and redeployed for such activities

The Board of Directors of Amar Tea Private Limited shall review the implementation of CSR every six months.

 

7.   Disclosures

The Annual Report of the Company include a section on CSR outlining the CSR Policy, CSR committee, CSR initiatives undertaken by Company, the CSR spend during the financial year and other information as required by the prevailing law.