The policy which lays down the guidelines and mechanism for undertaking socially useful programs for
welfare & sustainable development of the community at large along with the company’s philosophy for
setting down its responsibility as a corporate citizen is titled as the ‘Rasoi Limited - CSR Policy’.
PREAMBLE
The concept of Corporate Social Responsibility has gained prominence from all avenues. Organizations have
realized that Government alone will not be able to get success in its endeavor to uplift the under privileged part
of the society. With rapidly changing corporate environment, more functional autonomy, operational freedom
etc. our company has adopted CSR as a strategic tool for sustainable growth.
This policy shall apply to all CSR initiatives and activities taken up by the Company for the benefit of different
segments of the society, specifically the deprived, underprivileged and differently able persons.
OBJECTIVE / GOALS
This CSR policy aims following objectives / goals:
To make CSR a key business process for sustainable development for the Society.
To aim at supplementing the role of the Government in enhancing welfare measures of the society based on
the immediate and long term social and environmental consequences of their activities.
To directly or indirectly take up programmes that benefit the communities in vicinity wherever the Company operates and results, over a period of time, in enhancing the quality of life & economic wellbeing of the local
populace.
Contributing to sustainable development in areas of strategic interest through initiatives designed in a manner that addresses the challenges faced by the Indian society especially in rural India.
Collaborating with communities and institutions to contribute to the national mission of eradicating poverty and hunger, especially in rural areas, through agricultural research and knowledge sharing, conservation and development of forest resources, empowering women economically, supplementing primary education and
participating in rural capacity building programs and such other initiatives.
VISION & MISSION
To be a corporate with its strategies, policies and actions aligned with wider social concerns, through initiatives
in education, health, environment and socially relevant matters.
In alignment with vision of the company, Rasoi Limited, through its CSR initiatives, will to enhance value creation
in the society and in the community in which it operate, through its services, conduct & initiatives, so as to
promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible
Corporate, with environmental concern.
The Company aims at spending a defined portion of its net profit for the betterment of Indian society through:
Providing financial and other assistance to students who belong to socially economical weaker sections.
Supporting efforts for community health in slums and areas inhabited by weaker sections.
Supporting the programs and efforts for environment protection and enhancement.
Promoting, encouraging and supporting the social and cultural heritage and traditions of our society.
Taking proactive measures for the well-being of society, as per needs.
PLANNING & IMPLEMENTATION Identification of Thrust Areas and Strategic Initiatives:
For purposes of focusing Company’s CSR efforts in a continued and effective manner, the following five Thrust
Areas have been identified:
i. Environment Protection and Horticulture
ii. Drinking water and Sanitation
iii. Healthcare and Medical facility
iv. Education and Literacy Enhancement
v. Skill Development
The Company will contribute for above thrust areas through specialized agencies, like:
Panchayats
Self-help groups
Voluntary Agencies (NGOs)
Institutes/Academic Organizations
Trusts, Mission etc.
Government, Semi Government and autonomous Organizations.
Any other, as the CSR Committee may think proper
Considering the fact that as the Company has a diverse business function providing various CSR initiatives
beneficial to the society and efforts should be made, that to the extent feasible, Strategic CSR initiatives are
undertaken in the areas that align to its business operations, such as the following:
Eradicating hunger and poverty and malnutrition, promoting health care including preventive healthcare and sanitation and making available safe drinking water;
Promoting education; including special education and employment enhancing vocation skills especially among children, woman, elderly and the differently able and livelihood enhancement projects;
Promoting gender equality, empowering women; setting up homes and hostels for women and orphans, setting up old age homes, day care centre’s, and such other facilities for senior citizens and measures for
reducing inequalities faced by socially and economically backward groups;
Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining of quality of soil, air and water;
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;
Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up of public libraries; promotion and development of traditional arts
and handicrafts;
Measures for the benefit of armed forces veterans, war widows and their dependents;
Training to promote rural sports, nationally recognized sports, and Paralympics sports and Olympic sports;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
Rural development projects.
Constitution of CSR Committee
The CSR Committee would comprise of at least three directors, out of which at least one director will be an
independent director.
Monitoring and Reporting
To ensure effective implementation of the CSR programs undertaken by specialized agencies, a monitoring
mechanism will be put in place by the CSR Committee. The progress of CSR programmes under implementation
will be reported to the Board of Directors by the CSR Committee on a periodic basis.
The CSR Committee will conduct impact studies on a periodic basis, especially on the strategic and high value
programs.
CSR initiatives of the Company will also be reported in the Annual Report of the Company.
General
In case of any doubt with regard to any provision of the policy and also in respect of matters not covered herein,
a reference to be made to Corporate CSR Department. In all such matters, the interpretation & decision of the
Vice Chairperson shall be final.
Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the
guidelines on the subject as may be issued from Government, from time to time. The Company reserves the
right to modify, cancel, add, or amend any of these Rules.
Determination of allocable amount
The CSR Committee will determine the amount to be allocated for each activity on yearly basis, subject to
minimum 2% of average net profits before tax for three immediately preceding financial years.
The surplus arising out of the CSR Projects or programs or activities shall not form part of the business profit of
the company.
Reporting
In compliance with the provisions of the Companies Act 2013, the Board shall act on the principle of COREX i.e.
comply or explain. Thus it is duty of the Board to ensure that compliance as per the policy has been made.
Communication & information dissemination
The Company's engagement in this domain is disseminated on its website, annual reports, and its house journal
through the media.
This CSR policy of the company can be viewed at: www.rasoigroup.in link of the website, if any.
To make CSR a key business process for sustainable development for the Society.