Our CSR Policy – Hansaplast India

स्तरव फलोद्गमैः (Bhavanti namraastarava phalodgamaih)

Trees laden with fruits bend down so that people may pluck and enjoy the fruits.

नवांबुभिर्भूमिविलंबिनो घनाः (Navaambubhirbhoomivilambino ghanaah)

Clouds laden with water come down in the form of rain cooling the earth and watering plants and trees.

अनुद्धताः सत्पुरुषा समृद्धिभिः (Anuddhataah satpurushaah samriddhibhih)

In the same way noble men do not become conceited when fortune embraces them but use their wealth to help others.

स्वभाव एवैष परोपकारिणाम् (Swabhaava evaisha paropakaarinaam)

This is the nature of persons who are always eager to be of help to fellow humans.

The Companies Act, 2013 has introduced the idea of Corporate Social Responsibility (CSR). Our Company believes the policy is more and more beneficial to the society at large by promoting and encouraging health, economic and social development and also giving active support to local initiatives around its area of operation thereby promoting upliftment of people in varied arenas of life.

In pursuant to the Section 135 of the Companies Act, 2013 (hereinafter refer as “the Act”) read with the Companies (Corporate Social Responsibility Policy) Rule, 2014, the Company which fulfills the criteria specified in the Act, is require to adopt the Corporate Social Responsibility (CSR) policy in the organization to add sense of responsibility and contribution among corporate which is expected to be Beneficial to different class of people such as children, women, uneducated, unemployed etc. towards which such CSR activities may be focused.

Produced here below is the “Corporate Social Responsibility (CSR) Policy” to contribute more and more to the social and economic development of the communities in which we operate. In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index. 

Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and the society.

CSR Policy relates to the activities to be undertaken by the Company as specified in Schedule VII to the Act and the expenditure thereon, excluding activities undertaken in pursuance of normal course of business of a company). The details of the activities which the Company can undertake are mentioned here below.

The activities that can be undertaken by a company to fulfil its CSR obligations are mentioned here below:

1. Promoting Health awareness among people of weaker section of society
2. Eradicating extreme hunger and poverty,
3. Promotion of education
4. Promoting gender equality and empowering women.
5. Reducing child morality and improving maternal health.
6. Combating human immunodeficiency virus, acquired immune deficiency syndrome, malaria and other diseases
7. Ensuring environmental sustainability
8. Employment enhancing vocational skills,
9. Social business projects,
10. 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 funds for the welfare of  Schedule Castes, the Schedule Tribes, Other Backward Classes, minorities and women, and
11. Such other matters as may be prescribed.

 

Following activities shall not be considered under the CSR activities. 

a) Activities that benefit only the employees of the Company and their families.

b) Contribution of any amount to any political party.

c) Activities undertaken outside India.

The Company will undertake its CSR activities, as approved by the Board upon the  recommendation of the CSR Committee. 

The Company will undertake its CSR activities, as approved by the Board upon the  recommendation of the CSR Committee. 

The said Committee will consist of following members:

The CSR Committee is responsible for: 

• To Recommend the amount of expenditure to be incurred on the activities herein before.
• To monitor the implementation of Corporate Social Responsibility Policy of the Company from time to time
• To Formulate and recommend to the Board an Annual Action Plan.

The Company may conduct CSR  

• Directly, or  

• Through Registered trust, or  

• Through Registered society, or  

• Further to that the Company may also collaborate with our other associate  Companies to undertake the CSR activities.  

The Company is required to spend at least 2% of the average *Net profit of past 3 financial years on specified CSR activities.

*Net Profit means the net profit of the Company as per its financial statement prepared in accordance with the applicable provisions of the Act, but shall not include the following;

• Any profit arising from any overseas branch or branches of the Company, whether operated as a separate Company or otherwise; and
• Any dividend received from other Companies in India which are covered under and complying with the provisions of CSR rules.

Monitoring:

The CSR activities undertaken by the Company either directly or through an implementing agency shall be monitored from time to time. The Monitoring process adopted by the Company may include obtaining of reports of different kinds, self-declaration, On-site visit, etc.

The Board of Directors may in their discretion and on recommendation of the CSR committee, make any changes or amendments to this Policy from time to time for  making suitable amendments for better implementation of the Policy. In the event of any conflict between the provisions of this Policy and statutory requirements, law shall prevail over and automatically be applicable to this Policy.