Document preservation policy
Corporate Social Responsibility is strongly connected with the principles of Sustainability. The Company is committed to operate and grow its business in a socially responsible way with a vision to be an environmental friendly corporate citizen.
It is the core corporate responsibility of Swarna Tollway Private Limited (hereinafter referred to as ‘the Company’) to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders.
The Company recognizes that its business activities have wide impact on the societies in which it operates, and therefore an effective practice is required giving due consideration to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations.
The Company is responsible to continuously enhance shareholders wealth; it is also committed to its other stakeholders to conduct its business in an accountable manner that creates a sustained positive impact on society and hence, the company endeavors to make CSR a key business process for sustainable development.
The Company is vigilant in its enforcement towards corporate principles and is committed towards sustainable development and inclusive growth. The Company constantly strives to ensure strong corporate culture which emphasizes on integrating CSR values with business objective. It also pursues initiatives related to quality management, environment preservation and social awareness. To improve the quality of life for all our communities through integrated and sustainable development in every possible way.
To implement the above guiding principles, a CSR Committee (hereinafter referred to as “Committee” ) will be consider the proposal of the Management from time to time and make suitable recommendations to the Board for implementation.
The key objectives, administration, roles, duties and responsibilities of the Committee shall be as enumerated in the Committee charter, as adopted by the Board, from time to time.
To attain its CSR objectives in a professional manner and integrated manner, the Company shall undertake any one or a combination of one or more programmes:Eradicating hunger, poverty and malnutrition and promote preventive health care and sanitation and making available safe drinking water.
This CSR Policy will be implemented from the succeeding year of a Financial Year in which the Company shows the net profits as per its audited annual financial statements. Based on the net profits, if any, every year, the CSR Committee will identify the CSR activities including the thrust areas, annual budget, planned expenditure and implementation schedule etc.
The Company’s CSR Programmes may be implemented through any of the following entities/modes:
1. Company through its Personnel directly or
2. Through external implementing agencies in the form of various eligible Trusts, Foundations, Societies or Section 8 companies established or as may be established, from time to time; or
3. Such other modes as prescribed by the Committee, in lines with the CSR provisions.
The Company will specify the CSR Programmes which may be undertaken by the aforesaid entities in accordance with their respective objects and administrative processes laid down in their statutory documents.
The Committee shall give preference to its local areas and areas around where it operates for spending the amount earmarked for its CSR activities. The Committee will determine the time period/duration over which a particular programme will be spread, depending on its nature, extent of coverage and the intended impact of the programme. The Company’s CSR programmes will be identified and implemented in accordance with this CSR policy (‘the Policy’).
The Company will monitor and evaluate every programme to ensure it has:
The Company will identify eligible entities, proposed to conduct CSR activities, in accordance with the Act, as may be amended from time to time.The Committee, prior to undertaking any CSR activity, will define, to the extent possible, the following:
Monitoring and Governance:
CSR expenditure will include all expenditure (direct and indirect), incurred by the Company on CSR Programmes undertaken in accordance with the approved Policy.
The surplus, if any, arising out of the CSR Programmes/activities shall not form part of the business profits of the Company.
Amendment / modification:
Any amendment/modification to the CSR policy may be carried out by the CSR Committee with the approval of the Board.