CSR POLICY

SHILPI REALITIES PRIVATE LIMITED

CONTEXT

Recognizing that business enterprises are economic organs of society and draw on societal resources, it is our belief that a company’s performance must be unmeasured by its tripple bottom line contribution to building economic,social,and environmental capital towards enhancing societal sustainability. We believe that in the strategic context of the business, enterprises possesses beyond mere financial resources, the transformational capacity to create game changing developments models by unleashing their power of entrepreneur vitality, innovation and creativity. In line with this belief we will continue crafting unique models to generate livelihoods and environmental capital. Such corporate social responsibility projects are far more replicable, scalable and sustainable, with a significant multiplier impact on sustainable livelihood creation and environmental replenishment programmes, projects and activities (collectively ‘CSR programmes’) carried out in this regard are the subject matter of this policy.

OBJECTIVES

Our CSR policy intends to:

  • Strive for economic development that positively impacts the society at large with minimal resource footprint.
  • Embrace responsibility for the company’s actions and encourage a positive impact through its activities on hunger,poverty,malnutrition,environment,stakeholders and the societies

LOCATION OF CSR EFFORTS

The CSR committee will decide on the location for CSR activities

GOALS

Our goals shall include:

1: To eradicate hunger, poverty and malnutrition and sanitation and making available safe drinking water.
2: To promote education including special education and employment enhancing vocation skills  especially among children,women, elderly and the differently abled and livelihood enhancement projects.
3: To promote gender equality, empowering women, setting up homes and hostels for women and orphans,setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward  groups.
4: To ensure environmental sustainability, ecological balance, protection of flora and fauna,animal welfare,agroforestry, conservation of natural resources and maintaining quality of soil,air and water.
5. To protect 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 art and handicrafts.
6: To take measures for the benefit of armed forces veterans, war widows and their dependents.
7: To promote rural sports, nationally recognised sports, paralympic sports and olympic sports.
8: To contribute to the prime minister's national relief fund or any other fund set up by the central govt. for socio  economic development and relief and welfare of the schedule caste,tribes,other backward classes,minorities and women.
9: To provide Contributions or funds provided to technology incubators located within academic institutions which are approved by the central govt.
10: To promote rural development projects.
11: To promote slum area development.
12: To manage disaster, including relief, rehabilitation and reconstruction activities.

UNDERTAKING CSR ACTIVITIES

SHILPI REALITIES PRIVATE LIMITED will undertake CSR activities, approved by the CSR committees, through the NGO selected through proper procedure by the committee. The surplus arising out of CSR activities, projects or programs shall not form part of the business profits of the company.

GOVERNANCE

  1. Every year, the CSR and Sustainability Committee will place for the Board's approval, a CSR Plan delineating the CSR Programmes to be carried out during the financial year and the specified budgets thereof. The Board will consider and approve the CSR Plan with any modification that may be deemed necessary.
  2. The Corporate Management Committee (CMC) will assign the task of implementation of the CSR Plan within specified budgets and timeframes to such persons or bodies as it may deem fit.
  3. The persons/bodies to which the implementation is assigned will carry out such CSR Programmes as determined by the CMC within the specified budgets and timeframes and report back to the CMC on the progress thereon at such frequency as the CMC may direct.
  4. The CMC shall review the implementation of the CSR Programmes once a quarter and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR Programmes in accordance with this Policy.
  5. Once every six months the CMC will provide a status update to the CSR and Sustainability Committee on the progress of implementation of the approved CSR Programmes carried out during the six month period. It shall be the responsibility of the CSR and Sustainability Committee to review such reports and keep the Board apprised of the status of implementation of the same.
  6. At the end of every financial year, the CSR and Sustainability Committee will submit its report to the Board.

COMPOSITION OF CSR COMMITTEE

The CSR committee shall constitute of the following

  • YOGESH KUMAR JHINGAN
  • VINITA JHINGAN

CSR EXPENDITURE

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.