Policy on Corporate Social Responsibility

1) PREAMBLE

Corporate Social Responsibility (CSR) is strongly connected with the principles of Sustainability; an organization should make decisions based not only on financial factors, but also on the social and environmental consequences. Policy on Corporate Social Responsibility is mandatory as per guidelines of Companies Act 2013. CSR is defined within a frame work of Corporate Philosophy which factors the needs of the community and the regions in which corporate entity functions. Therefore, it is the core corporate responsibility of Amrit Bottlers Private Limited (ABPL) to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders. Amrit Bottlers Private Limited 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 endeavors to make CSR a key business process for sustainable development.

2) INTRODUCTION AND BACKGROUND

The Corporate Office of the Company is in Howrah, Plant at Faizabad and Mall is situated in Lucknow. Company shall give preference to the local area and areas around it where it operates for spending the amount earmarked for Corporate Social Responsibility Activity. Poor and needy section of the society living in different parts should be second beneficiaries. Moreover, ABPL’s CSR policy should be integrated with the business plan so that environment and social concerns are well addressed along with growth in business. In the aforesaid backdrop, policy on Corporate Social Responsibility of ABPL is broadly framed taking into account the following measures:

a) Welfare measures for the community at large so as to ensure the poorer section of the Society derived the maximum benefits.

b) Contribution to the society at large by way of social and cultural development, Imparting education, training and social awareness especially with regard to the economically backward class for their development and generation of income to avoid any liability of employment.

c) Protection and safeguard of environment and maintaining ecological balance.

3) OBJECTIVE

The main objective of CSR policy is to lay down guidelines for ABPL to make CSR a key business process for sustainable development of the Society. It aims at supplementing the role of the Government in enhancing welfare measures of the society based on the immediate short term and long term and environmental consequences of their activities.

4) AREAS TO BE COVERED

Amrit Bottlers Private Limited CSR mainly focuses on initiatives like (Skills, Water, Governance, Education) will focus on four thrust areas – Education, Health, Livelihoods and Rural and Urban infrastructure. Besides, it will also undertake Interventions in the areas of sports, disaster relief, environment and ethnicity etc (Refer Annexure A), all aimed at improving the quality of life of the communities.

The above list is illustrative and not exhaustive. The Corporate Social Responsibility Committee / Board of Directors may consider CSR activities not falling in this list.

6) SOURCE OF FUND

As per Companies Act 2013 guideline on CSR, the fund for the CSR shall be allocated based on 2% of the Average net profits of the company for last three financial years (Total Allocated Funds).

7) AREA LEVEL COMMITTEE FOR CSR PROPOSALS

The CSR Committee of the Board will govern and review the CSR of the company from time to time. The CSR Committee will recommend the Annual Business Plan for CSR to the Board for its approval. The plan will include resource requirements and allocation across interventions and locations.

The composition of the CSR committee of the board is as below:

This Committee shall identify and implement activities involving the followings:

1. To decide the priority of activities to be undertaken under CSR.
2. To interact with the CSR Implementing agencies (wherever appointed) for determining the activities to be undertaken.
3. Based on the total activities to be undertaken, the committee will recommended the quantum of Budget for the year.
4. To monitor and review the progress of activities undertaken/completed and proper documentation of the completed projects.

The committee will also examine the proposal / requests submitted by CSR implementing agencies (wherever appointed) for Grant of donation / Financial Assistance/ Sponsorship etc. and also to submit its recommendation before the CSR committee.

This Committee shall after identifying the projects & budget, recommend it to CSR Committee for its approval.

8) APPROVAL OF CSR PROPOSALS

The Corporate Social Responsibility Committee (CSRC) will examine & approve the proposals received from the Area Level Committee and decide allocation of funds at various heads / activities / projects. The CSR Project shall be fixed for each financial year. This fund will not lapse. It will be transferred to CSR fund which will accumulate.

9) IMPLEMENTATION

1. The investment in CSR shall be project based and for every project time framed periodic mile stones shall be finalized at the outset.
2. Project activities identified under CSR are to be implemented by specialized Agencies and/ or by Staff of the ABPL. Specialized Agencies could be made to work singly or in tandem with other agencies.
3. Such specialized agencies would include:
   1. Registered Trust; or
   2. Registered Society;
   3. A Company established by the Company under Section 8 of the Companies Act 2013; or
   4. Agencies having established track record of three years in undertaking specified projects/programs.
   • Voluntary Agencies (NGOs)
   • Institutes/Academic Organizations.
   • Trusts, Mission etc.
   • Government, Semi Government and autonomous Organizations.
   • Mahila Mondals/Samitis and the like
   • Contracted agencies for civil works
   • Professional Consultancy Organization etc.
4. The areas / villages falling around plant and Mall shall be identified by respective GM/AGM/ Plant and Mall Head.

10) MONITORING

1. The impact made by CSR activities should be quantified to the best possible extent with reference to base line data, which need to be created before the start of any project.
2. The Area Level Committee shall prepare the Annual Report on CSR activities. Monthly Report on CSR should be sent by each plant head to ALC highlighting the cumulative outlays and outcomes of the program with specific details.
3. In each quarter, Board of Directors of ABPL shall review the implementation of CSR.
4. Meticulous documentation relating to CSR approaches, policies, programmes,Expenditures, procurement etc. should be prepared and put in website of the company.

11) REFLECTION OF CSR ACTIVITIES

1. Annual audit of all activities undertaken by the company would be done by an auditor. The CSR activities will be reflected in the Annual Report and Accounts of ABPL under Social Overhead (CSR). Proper records should be maintained for the activities taken up, agencies involved etc.
2. The ALC will inspect all sites and reflect the same in their report for information, record and further action.
3. Photographs of all activities should be taken and copy of photograph along with soft copy should be sent to Chairman of CSR Committee.

12) EFFECTIVE DATE

This Policy is effective from April 1, 2014.

13) CONCLUSION

The above guidelines would form the framework within which the CSR activities would be undertaken. Every Area should have specific activities to adopt mostly in their close vicinity of the projects. The CSR Committee will review the Policy from time to time based on changing needs and aspiration of the target beneficiary and make suitable modifications, as may be necessary.

14) QUERIES:

For Queries related to CSR please write to us at: elldee.2012@gmail.com

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 27th February, 2014

G.S.R, 130(E).-In exercise of the powers conferred by sub-section (l) of section 467 of the Companies Act, 20l3 (18 of 2013), the Central Government hereby makes the following amendments to Schedule VII of the said Act, namely:-

1. In Schedule VII, for items (i) to (x) and the entries relating thereto, the following items and entries shall be substituted, namely :-
   1. eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water;
   2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
   3. promoting 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. ensuring 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. protection of national heritage, alt and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts:
   6. measures for the benefit of armed forces veterans, war widows and their dependents;
   7. training to promote rural sports, nationally recognized sports, paralympic sports and Olympic sports;
   8. contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
   9. contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
   10. rural development projects."
2. This notification shall come into force with effect from 1st April. 2014.

CSR Project

EMPOWERING WOMEN

Hansapur, Malikpur , Chandpur, & Pure
Hussain Center

Holi Celebration

Women's Day Celebration