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SHORT TITLE & APPLICABILITY
SPD CONSTRUCTIONS LIMITED (the ‘Company’) has developed its Corporate Social Responsibility Policy (the ‘Policy’) in accordance with section 135 of the Companies Act 2013 and the rules made there under.
This policy encompasses the company’s commitment to create large environmental and societal value as a corporate citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for the welfare & sustainable development to the community at large.
The Policy shall apply to all CSR programmes of the Company.
VISION STATEMENT
The core vision of the Company’s CSR policy is to create a meaningful and a lasting contribution to the society from which it draws its resources by extending helping hand to the needy and the underprivileged through social projects.
Corporate Social Responsibility is the commitment of business to contribute for economic development that is sustainable, facilitating greater and more inclusive prosperity. It is the contribution of the corporate sector for philanthropic causes like education, health, water, environment and community welfare.
OBJECTIVES
The Company will undertake social projects that benefit the rural communities and enhance the quality of life, health care of residents and their economic well-being in a focused manner, for maximum positive impact.
The Company will encourage and recognize its employees for volunteering in the community by serving and sharing their expertise and skill.
BUDGET
The Board shall ensure that the company spends at least 2% of its average Net Profits calculated as per Sec-198 of the Companies Act, 2013, as its Annual CSR Budget in each Financial Year to be incurred on identified areas.
Allocation of the Annual Budget for CSR activities in any given year shall be as per the provisions of the Companies Act 2013 and rules made thereof as amended from time to time.
