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Independent Director
Whole Time Director and CFO
Whole Time Director
Formulate and update CSR Policy, for approval by the Board of Directors.
Approve projects that are in line with the CSR policy of the Company.
Put monitoring mechanisms in place to track the progress of each project.
Recommend the CSR expenditure to the Board of Directors.
Meet atleast twice a year to monitor CSR policy and review the progress made.
Any other matter directly or indirectly related to CSR compliances
Board will do periodic reviews and communicate its observations to the CSR Committee
CSR Expenditure
CSR expenditures shall be as required under Section 135 of the Companies Act, 2013 and
Companies (Corporate Social Responsibility) Rules, 2014.
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 CSR. 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.
Amendments to CSR Policy
CSR policy may be amended or revised from time to time after approval of Board of Directors
upon recommendations of CSR Committee. If required Chairman of the CSR committee shall be
authorised to issue necessary clarification as regard to CSR policy and shall be tabled before
next meeting of the committee for information and rectification.