CSR Policy

• Company should conduct business along with contribution towards the development of society in which it works in.
• Kaveri Ultra Polymers Pvt Ltd has pledged to grow in a socially responsible way a vision to be an Environment friendly company.

CSR Vision

• To enhance value creation in the society through its services, conduct & initiatives, so as to promote sustained growth in the quality of life in the society.

Constitution of CSR Committee

• Pursuant to Section 135(9) of the Companies Act 2013, the constitution of CSR Committee is not mandatory and the functions of such committee shall be discharged by the Board of Directors.

Function of Board of Directors towards CSR functions

• The Board of Directors, inter alia, carry out the following functions towards the CSR functions;
• To recommend the amount of expenditure to be incurred on the CSR activities.
• To monitor the implementation of framework of CSR Policy.
• To carry out any other function as may be required by the Board from time to time.

Resources – Funding & Allotment

• For achieving its CSR objectives, the company will allocate 2% of its average net profit as per its three previous financial statement prepared in accordance with the applicable provisions of the Companies Act, 2013, as its “Annual CSR Budget”.
• The Company shall endeavour to spend the entire amount of statutory minimum contribution limit in a financial year.
• Any unspent CSR allocation of a particular year, will be carried forward to the following year. The Company shall disclose the reasons for not fully utilizing the budget allocated for CSR activities for each year in its Directors’ Report.
• In the absence of Net Profits in any financial year, the Company endeavours to spend such feasible amount as it may decide.

Focus Areas

• From the total allocated Annual CSR Amount, a provision will be made towards promoting Healthcare, Education, Sports and any such activity which is approved by the Ministry of Corporate Affairs and in particular the following activity.
• Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently-abled and livelihood enhancement projects.
• Construction/repair of school, college & other educational buildings & facilities including special education facilities.
• Provision of uniforms, books, stationery, computer & Laboratory equipment’s and other infrastructural facilities, to schools, colleges, universities etc.
• Scholarships/fellowships to deserving students to encourage education.
• Promote computer literacy and technology assisted learning.
• To promote Technical/professional/medical education by giving financial assistance/opening institutions through Organizations/infrastructural support.
• Self/Gainful employment Opportunities – Training of youth for Self-Employment.

Monitoring mechanism

• The designated Officials of the Company will coordinate / review the implementation of CSR activities and report to the Board through the CSR Committee.
• The Board of Directors shall meet at least once in a year to monitor the implementation of CSR Plan and its activities along with other agenda, as may be. It shall ensure that the CSR Policy, as amended from time to time, is displayed on the company’s website.
• The Board shall present a draft annual report on the CSR activities, in a board meeting to be held in the first quarter of the accounting financial following year, to review and finalize. The Board shall include it in its report to the shareholders.
• All CSR activities and expenditures made thereon shall be subject to audit by the Company’s Auditors.