The CSR Policy has been formulated by the CSR committee and approved by the Board:
A) Projects and Programmes:
1- The CSR Policy will include projects and programmes relating to activities mentioned in Schedule VII or the Companies Act, 2013, as per Annexure-I attached.
2- The Company will give preference to the local area or areas around which the Company operates for spending the CSR expenditure.
B) Monitoring of the implementation of the projects or programmes of CSR:
The Committee approved that Mr. S.K. Khorana, Executive Director & Company Secretary, will monitor the implementation of the Board from time to time.
Any surplus arising out of the CSR projects or programmes or activities shall not form part of the Business profits of the Company.