Corporate Social Responsibility Policy (CSR Policy)

  • This policy has been prepared pursuant to and in accordance with the requirements of Section 135 of the Companies Act, 2013 (hereinafter called as “the Act” ) and the Companies (Corporate Social Responsibility Policy) Rules, 2014, notified by the Ministry of Corporate Affairs vide Notification dated 27th February, 2014 (“CSR Rules”), as amended from time to time.
  • Health Care - Eradicating hunger, poverty and Malnutrition, Promoting health care including preventing health care and sanitation and making available safe drinking water.
  • Education - including special education and employment enhancing vocation skills especially among children, women, elderly, and differently abled and livelihood enhancement projects. Rendering help scholarships, assistance to deserving persons and poor and needy without restrictions caste, creed or religion etc.
  • Physical Needs - Without any Discretion of caste, creed, religion etc, to give aid to deserving or needy persons in the shape of money, clothes, articles, or providing them with food and shelter.
  • Environmental Protection - Ensuring Environmental sustainability, ecological balance, protection of flora and fauna, animal ,welfare, agroforestry, conservation of natural resources and maintain quality of soil, air and water.
  • Other Ancillary activities which is deem CSR Committee may approve from Time to Time
  • The CES Foundation Trust has undertaken Cataract Operation for more than 100 people at Chennai, through Sankara Nithralaya, Non Profit eye Hospital at Chennai. The Programmed has been undertaken, after approval of CSR Committee.
  • The CES Foundation also has plans provided skill based training such as car driving training to unemployed men and stitching training to underprivileged and unemployed women.
  • The CES Foundation may take new projects as may be approved by the Corporate Social Responsibility Committee („CSR Committee‟), as deemed appropriate.
  • The CES Foundation shall comply with any other stipulation or restriction as provided under the CSR Rules or any clarification or circular issued by the Ministry of Corporate Affairs, from time to time.
  • Each project may be executed in any of the following modes:
    • Either directly by CES Limited
    • Through CES Foundation Trust or Society or a Section 8 Company established by for above purpose
  • While approving each specific project, the CSR Committee will prescribe the time period for implementation, mechanism for ensuring the end use of the funds and also appropriate reporting.
  • All proposals for a CSR project should be submitted to the Company Secretary who in turn will place it before the CSR Committee for necessary consideration and approval.
  • The Annual CSR Budget shall be reviewed and recommended by the CSR Committee for each of the focus areas.
  • CSR projects or programs or activities undertaken in India only shall amount to CSR Expenditure. The surplus, if any, arising out of any CSR project or program or activity shall not form part of the business profits of the Company.
  • A report on progress of the CSR projects undertaken by the Company will be submitted to the CSR Committee with full details of cost incurred, date of completion and results achieved on a regular basis.
  • In order to ensure proper end use of the funds, officials may be deputed to personally inspect / verify the execution of the project / expenditure incurred.
  • A summarised report on implementation of the approved projects should be placed at least once in six months before the Committee.
  • CSR initiatives of the Company will be reported in the Annual Report of the Company in compliance with Section 135 of the Companies Act, 2013 and rules made thereunder.
  • This Policy has been approved by the Board of Directors of the Company based on the recommendations of the CSR Committee. This policy may be amended from time to time by the Board, as it deems appropriate.