Page 101 - BCML AR 2019-20

BALRAMPUR CHINI MILLS LIMITED

coRpoRate sociaL RespoNsiBiLitY poLicY

InTRODuCTIOn business of the Company. The surplus, if any, arising out of the CSR
projects or programs or activities, shall not form part of the business
Corporate Social Responsibility (“CSR”) is a kind of social
responsibility integrated into a business model. CSR goes beyond profit of the Company. The Board shall be the final internal authority
compliance and engages in actions that further some social good, as far as any interpretation of this Policy is concerned.
beyond the interests of the firm and those which are required FOCuS AREAS
by law. CSR aims to embrace the responsibilities for the business
actions and encourage a positive impact through its activities on The Company shall focus on the following key areas for its CSR
the environment, communities and in general on the society at Activities:
large. 1. Education including skill development, special education and
At Balrampur Chini Mills Limited (the “Company”), we are committed vocational training.
to economic, social, environmental and cultural growth of the 2. Healthcare.
underprivileged in an equitable and sustainable manner, primarily
in the peripheral areas around our factories and corporate office. 3. Rural Development and Transformation.
Over the years, the Company has worked for the enrichment of lives 4. Sanitation.
across these communities by promoting education, employment
enhancement vocational skills, healthcare, sanitation, etc. 5. Preservation of Environment.
Our vision for CSR is – “to contribute for bringing social and LOCATIOn
economic change to the underprivileged sections of the society in The Company shall give preference to the areas around which it
an equitable and sustainable manner and to contribute for the skill operates for its CSR Activities.
development as means of livelihood for the weaker sections of the
society. In doing so, we believe that we are contributing to develop IMPLEMEnTATIOn PROCESS
the quality of human life and making a better India.” CSR Activities will be carried on by the Company through:
LEGAL REQuIREMEnTS (i) Balrampur Institute of Vocational Aid ( “BIVA”),
Pursuant to Section 135 of the Companies Act, 2013 (as amended) (ii) Balrampur Foundation,
(the “Act”) read with Companies (Corporate Social Responsibility)
Rules, 2014, (as amended) (the “CSR Rules”) the Board of (iii) Other societies, trusts, hospitals, funds or organisations
Directors of the Company is required to formulate a Corporate engaged in activities specified in Schedule VII of the Act, as may
Social Responsibility Policy which shall indicate the activities be approved by the CSR Committee of the Board in accordance
to be undertaken as specified in Schedule VII of the Act and the with the provisions of the Act and the CSR Rules.
expenditure to be incurred thereon. CSR ACTIVITIES THROuGH BIVA
In line with the above, the Board of Directors of the Company (the BIVA is a registered Public Charitable Trust and is recognized &
“Board”) has approved a Corporate Social Responsibility Policy at its affiliated by different Central and State Government agencies. It
meeting held on 12th May, 2014. provides employment enhancing specialised vocational training at
subsidised costs to the underprivileged for helping alleviate poverty
The Board at their meeting held on 8th February, 2018, based on
the recommendations of the CSR Committee of the Board, have and enhancing self-reliance.
adopted this Policy, namely, BCML Corporate Social Responsibility BIVA is powered by state-of-the-art training facilities and experienced
Policy (“Policy”) and it shall be effective from 1st April, 2018. This faculty.
Policy shall supersede the existing Corporate Social Responsibility
Policy. CSR ACTIVITIES THROuGH BALRAMPuR FOunDATIOn
The objectives of the Balrampur Foundation is to provide education,
CSR ACTIVITIES medical relief, promoting rural development projects and other
CSR Activities, wherever used in this Policy, shall mean the CSR charitable objects of general public utility for the upliftment of
projects / programs undertaken by the Company, directly or through the economically disempowered sections of the society. It also
implementing agencies in terms of this Policy. CSR Activities do not promotes sports and social activities.
include the activities undertaken in pursuance of normal course of

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