The CSR policy of Dosti Realty Limited (“the Company”) encompasses the Company’s philosophy towards Corporate Social Responsibility and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare & sustainable development of the community at large. The following is the summary of the CSR policy of the Company.
1. CSR vision and mission statement:
“We will strive to bring about the holistic development and uplift of the downtrodden of Society in a sustainable and impactful manner as well as providing Educational and Medical needs to them.”
We will leverage our people, expertise and networks to address the needs of the communities that we serve and thereby catalyze overall development.
2. CSR Policy Objectives:
Drawing from the CSR vision and mission statement of the Company the CSR policy has been formulated with the following objectives:
The CSR policy has been formulated in consonance with section 135 of Companies Act 2013 (‘the Act’) and the Companies (Corporate Social Responsibility) Rules, 2014 (‘the Rules’) as notified by the Ministry of Corporate Affairs.
The Policy shall apply to all CSR projects / programmes undertaken / to be undertaken by the Company in India as per Schedule VII of the Companies Act, 2013.
4. Stakeholder Engagement:
The Company has identified its community, Government, NGOs and social enterprises, employees, management and shareholders to be the principal stakeholders. The Company will engage its stakeholders in its CSR activities. These stakeholders may participate in the CSR initiatives as beneficiaries, participants and / or decision makers. While the CSR initiatives of the Company will focus on engaging the identified stakeholders, some of the programmes may also include beneficiaries other than the stakeholders listed above.
The salient features of the CSR policy comprises of:
5.1 The Company intends to undertake its corporate social responsibility in a strategic manner. The Company will leverage its financial and human resources, networks and expertise to create maximum impact for its stakeholders
5.2 Governance Structure:
The Governance structure of the Company shall comprise of its Board of Directors and CSR Committee and other implementing partners and stakeholders.
Each of the above constituents shall have a specific role to play with clearly defined roles and responsibilities to carry out such CSR Activities and submit periodical Report to the CSR committee.
Once every year at the end of every financial year the CSR Committee will provide a status Report to the Board of Directors on the progress of CSR Activities.
5.2.1 Board of Directors:
The Board of Directors will, inter alia, be responsible for the following:
5.2.2. CSR Committee:
The CSR Committee will consist of three or more directors having a mix of managing / whole-time Directors and atleast one of them being an independent director.
The CSR Committee will, inter alia, be responsible for the following:
5.3 Principal causes supported by CSR activities and Proposed Programmes:
The Company may take up activities in segments pertaining to eradicating hunger, poverty and malnutrition, promoting Healthcare including preventive healthcare and sanitation, providing Medical facility, promoting education including higher/special education & Livelihood, Environment protection, Water management in supporting the upliftment of the underprivileged segments of Society including construction workers and their families, rural development work / projects, Slum area development and such other unforeseen but important activities including disaster relief, etc. as a part of its CSR activities.
The Company may conduct a pilot for each of the selected programmes, identify issues, if any and address them before scaling up to the desired level.
Most of the CSR activities of the Company aim to improve the lives of the local community and the Company shall strive to be responsive to the needs expressed by the community, either explicitly or otherwise.
6. Monitoring plan:
The Company may lay out a monitoring plan to access the impact generated by its CSR activities by setting up relevant targets to be achieved, implementing a monitoring programme and evaluate the impact through appropriate techniques.
All such impact analysis will also be reported to the CSR Committee and the Board of Directors.
7. Communication and reporting:
CSR programme details would be communicated in the public domain through the annual report in the reporting format as mandated by Section 135 of the Companies Act, 2013.
8. Surplus arising out of CSR projects:
The programmes that the Company intends to implement will not give rise to any surplus. However, in case a surplus is earned, then such surplus arising out of the CSR projects or programmes or activities shall not form part of the business profit of the Company. Any income arising from CSR Programmes will be netted off from the CSR expenditure.
The CSR activities of the Company will not include the activities undertaken in pursuance of normal course of business of the Company. Any contribution directly or indirectly to any political party or any religious groups will not be considered as CSR activity.
Dosti Realty Limited is committed to ensuring the implementation of the proposed CSR programmes in order to bring meaningful and sustainable development/upliftment of underprivileged segments of Society / communities. The Company will leave no stone unturned in ensuring that it contributes to the society, which is an integral stakeholder for it.
The CSR Policy may be modified from time to time by the Board of Directors of the Company on the recommendation of the CSR Committee.
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