Search
Cart
Shop Now
Menu
Account

CSR Policy

Introduction

Amrutanjan’s commitment to Society is century old, offering products that are pure with natural ingredients and the use of which leads to a healthy lifestyle. Our commitment is not only towards the investors with a better return on investments but also towards the community and society at large. One of the core values we thrust upon ourselves is not to compromise in our ethics under any given circumstances and such an approach serves both enlightened business interest and social good. The Company is keen to let Society know of its intention to carry forward the social causes started by its founder Desoddaraka Kasinadhuni Nageswara Rao Pantulu who had shown extreme generosity by gifting away the community park situated adjacent to our Corporate Office in Chennai for public use which is named after him. As AHCL’s Mission is to enhance the living standards of the Customers, our CSR activities will strive to align with the mission with extended coverage to the entire humanity and will be in accordance with the provisions of Section 135 of the Companies Act, 2013 and the related Rules in force.
 
The Indian tradition of respecting animals irrespective of religions practiced has changed in recent times with increase in population. The animals have now become a soft target and fall easy prey for human greed. In this scenario, the welfare of animals in India has taken a new dimension with a lot of NGOs engaging themselves to help the cause of animal welfare.
The health and survival of Planet Earth are depending on the preservation of the environment and we should be conscious of our duty to provide a pollution-free environment for our generations to follow.

Objective

i. To help build socio-economic development of the nation through different projects and need-based initiatives in the best interest of the downtrodden and deprived sections of the society to enable them to become Self-Reliant and build a better future for themselves.

ii. To ensure environmental sustainability through ecological conservation and regeneration, protection and re-growth of endangered plant species, the welfare of animals, and promoting biodiversity.

Activities

The CSR activities will be pursued in line with the above Objectives and the parameter of Schedule VII of the Companies Act, 2013. Though preference will be given to the local area and areas around the places where the Company operates for spending the amount earmarked for CSR activities, the Company may go beyond these boundaries to help deserving causes as may be required. The CSR activities will focus mainly on the following areas which are inclusive but not exhaustive.

A. Eradicating poverty and providing nutrition supplement, clothes, etc. to the deprived sections of society

B. Promoting Health care and creating awareness on preventive healthcare

C. Ensuring environmental sustainability and ecological balance through various means including Plantation drives, reviving endangered plants, protecting flora & fauna, promoting biodiversity

D. Welfare of animals including its protection and healthcare

E. Employment and livelihood, enhancing vocational skills and projects

F. Promoting education particularly among children, women, elderly, and the differently-abled

G. Promoting general equality and empowering women including adult literacy for women

H. Rural development projects

I. Other activities including promotion of rural sports

J. Build CSR capacities of its personnel and those of its implementing agencies to carry out the above CSR activities

K. Such other activities as the Board may consider being appropriate

CSR Composition

The CSR Committee of the Board shall be composed of at least three (3) Directors. Members of the CSR Committee may be replaced by any other member of the Board at any time.

Committee meetings

The CSR Committee shall meet as often as its members deem necessary to perform the duties and responsibilities effectively and efficiently but not less than once a year. The recommendations of the CSR Committee shall be placed before the Board for its review and approval.

A. Review of the CSR activities to be undertaken by AHCL. The CSR Committee shall be guided by the list of activities given above and those specified in Schedule VII to the Companies Act, 2013

B. Formulate and recommend to the Board the CSR activities/programs to be undertaken by AHCL

C. Recommend the CSR Expenditure to be incurred on the CSR activities/programs

D. Institute a transparent mechanism for implementation of the CSR projects and effectively monitor the execution of the CSR activities

E. Prepare an annual report of the CSR activities undertaken for AHCL and submit the report to the Board

Responsibilities of the board

  • Approve the CSR Policy and the CSR Expenditure after taking into consideration the recommendations made by the CSR committee.

  • Ensure that the CSR spending every financial year is of at least 2% of average net profits made during the immediately preceding 3 financial years, in pursuance of the Policy.

  • Ensure that CSR activities included in the CSR Policy are undertaken by AHCL and such activities are related to the activities specified in Schedule VII of the Companies Act, 2013.

  • Ensure disclosure of the contents of the CSR policy on the AHCL website and keep posted any amendments to the Policy.

  • Director’s report to include:

    • Contents of the CSR Policy and Composition of the CSR committee.

    • An Annual Report on CSR in the prescribed format as per Appendix-2.

    • Reasons for failure (if any) to spend the required amount on CSR activities.

CSR Reporting

The Board in its Annual Report shall include the details of CSR activities undertaken in the Financial Year as required under the law in the format as may be prescribed.

The CSR Committee shall provide a responsibility statement on the implementation and monitoring of the CSR Policy and that it complies with the CSR objectives of the company, which statement shall form part of the Board’s Report.

The Board may seek a progress report from the CSR Committee at any point in time.

CSR Expenditure

  • In every financial year, AHCL shall spend a minimum of 2% of its Average Net Profits in the immediately preceding three (3) financial years. Average Net Profits shall mean the net profits of the Company as per the Profit and Loss Statement prepared in accordance with the Companies Act, 2013.

  • CSR Expenditure shall mean all expenditure incurred in respect of specific projects/programs relating to the approved CSR activities.

  • CSR Expenditure shall not include expenditure on an item not in conformity or not in line with activities which fall within the purview of the CSR activities listed in Schedule VII.

  • The surplus arising out of the CSR activities or projects shall not form part of the business profits of AHCL.

  • Contributions by employees may also be received and utilized in respect of the CSR activities undertaken.

Implementing CSR Activites

  • The CSR committee shall ensure that qualified persons are given the responsibility of ensuring the day-to-day implementation and execution of the CSR activities and projects.

  • AHCL shall undertake the CSR activities directly and also through various implementing agencies such as NGOs, non-profit organizations, etc. Such implementing agencies shall have an established track record as prescribed under the law.

  • The initiatives undertaken may be communicated to the employees through specific awareness campaigns, to enable maximum participation.

  • The company may also collaborate or pool resources with other companies to undertake CSR activities in such a manner that each company is in a position to report separately on such CSR projects.

  • Contributions by employees may also be received and utilized in respect of the CSR activities undertaken.

  • The following activities do not qualify as CSR Activities under the Companies Act, 2013:

    • Projects or activities not falling within Schedule VII.

    • Activities are undertaken in pursuance of a normal course of business.

    • Projects or programs or activities that benefit only the employees of the company.

    • Direct or indirect contribution to any political party.

Review and Audit

The CSR Committee shall be apprised on the implementation of the CSR activities and the progress shall be monitored periodically.

Records relating to the CSR activities and the CSR Expenditure shall be meticulously maintained. The Records shall be submitted for reporting and audit.

Amendments

The CSR Committee shall monitor the CSR Policy from time to time and recommend to the Board any amendments that may be required.