Enhancing the Quality of Life of Community

Good Governance demands adherence to social responsibility coupled with the creation of value in the larger interest of the general public. Udyogi aim’s to enhance the quality of life of community in general with a strong sense of social responsibility. At Udyogi, we have always taken responsibility for our actions. This concept is deeply rooted in our approach and forms an important element of our corporate culture.

All Udyogi employees carry the responsibility of protecting lives. After all, whenever our products are used, people entrust us with their lives. This responsibility doesn’t just apply to the here and now, but also to ensuring quality of life for years to come.

We’re helping our clients implement sustainable business practices and products and at the same time, we’re doing the same throughout our facilities. We recognize that the investments we make now will result in savings for us and the planet in the future. We also continue to reduce our environmental impact and are helping our customers reduce theirs.

We continue to expand our line of environmentally friendly products and encourage recycling and reuse. This is why we get involved in issues far beyond the boundaries of our company grounds; for our customers, our employees, and for the society as a whole.

Knowledge First

Udyogi Foundation’s flagship Corporate Social Responsibility Program “Knowledge First” is an integral part of our philanthropy program – Health & Safety comes through Knowledge.

Now in its 3rd year, Knowledge First has to date helped 2500 underprivileged children access their right to education.

The program has built & supported over four schools, in Sagar & one School in Sundarban area investing part of our profits beyond business, for the larger good of society.

Since its inception, “Knowledge First” has made a cumulative donation of over INR 20 Lacs towards helping children on the path to better education.

Apart from all above Udyogi is also involved in protecting & promoting the environment by complying with applicable environmental regulations.

Industrial Safety

Udyogi is also conducting need-based Industrial Safety Training for several projects & Industries on call.

School Buildings

In the vicinity of the Sagar area, various school buildings have been supported in their infrastructure repairs: for example – creating separate toilets for boys and girls. Below mentioned is the list schools which Udyogi is helping through their CSR programs

Sl. No Name of School Village No. of Students
1 Sonali Sankar Sishu Sikha Niketan Kastala 65
2 Sahaj Path Bhavan Khasramkhar 109
3 Shishir Bhaban krishnanagar 345
4 Shishu Bikash Krishnanagar 75
5 Friends Children Academy Harin Bari 244
6 Good News Mission School Radhakrishnapur 105
7 Vivekananda Rudranagar 185
8 Gangamoni Sishu Niketan Khasmahal 238
9 Kamalpur High School Kamalpur 125
Total 1553

Eye Camp

Udyogi has also conducted Eye Camps in association with Eye Hospital of Kolkata with the help of a dedicated team of doctors and volunteers from local clubs in nearby places. During the year about 45 cataract operations were successfully conducted and also free spectacles were supplied with required prescription glasses as recommended by doctors.

Udyogi has also undertaken a project of supplying pure cold water to villagers & passerby in Kachuberia of Sagar District during the summer season. To do this Udyogi manages the supply of water and maintains Heavy Duty Water Coolers in two locations of the area.

VIVEKANANDA SWASTHYA SEVA SANGHA

CORPORATE SOCIAL RESPONSIBILITY POLICY

Introduction

This policy aims to contribute towards sustainable development of the society and environment to make planet a better place for future generations. As an integral part of our commitment to Good Corporate Citizenship, we believe in actively assisting in improvement of the quality of life of people in communities, giving preference to local areas around our business operations in association with eligible Implementing Agencies registered with the Ministry of Corporate Affairs. Company’s CSR efforts shall focus on education for all thereby promoting education and giving preference to the needy and deserving ones.

The CSR policy is formulated in accordance with the provisions of section 135 of the Companies Act, 2013 and rules made thereunder and other applicable laws to the company.

Definitions
  • “Act” means the Companies Act, 2013.
  • “Board of Directors” or “Board” means the collective body of the directors of the company.
  • “Company” means “Udyogi International Private Limited”.
  • “CSR Committee” means Corporate Social Responsibility Committee constituted by the Board of Directors of the Company.
  • “CSR Policy” means CSR policy of Udyogi International Private Limited.
  • “CSR Rules” means the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time.
  • “Implementing Agency” means any entity registered with Ministry of Corporate Affairs for undertaking CSR projects, which is engaged by the company to implement various projects in pursuance of CSR policy.

Any term used in this policy but not defined herein shall have the same meaning assigned to them under the Act and CSR Rules as applicable to the company.

Objectives

The main objective of Company’s CSR policy are:

  • To lay down guidelines to make CSR a key business process for sustainable development of the society.
  • To directly/indirectly undertake projects/programs which will enhance the quality of life and economic well-being of the communities in and around our sites and society at large.
  • To generate goodwill and recognition among all stake holders of the company.

To promote a unified approach to CSR by identifying select causes to work with, thereby ensuring a high social impact.

CSR Committee

Constitution of CSR Committee under section 135(1) is not applicable in our company as the CSR amount to be spent under section 135(5) does not exceed Rs. 50 Lakhs in a financial year. Therefore, the functions of CSR committee shall be discharged by the Board of Directors of the Company under section 135(9) of the Companies Act, 2013.

The following are the functions of the CSR Committee to be discharged by the Board of Directors:

  1. To formulate and recommend a CSR policy indicating the activities to be undertaken by the company in areas or subject specified in schedule VII to the Act;
  2. To recommend the amount of expenditure to be incurred on the activities referred to in clause (a);
  3. To formulate and recommend an annual action plan in pursuance of CSR policy covering the following aspects:
  • the list of approved CSR projects or programs to be undertaken in areas or subjects specified in Schedule VII to the Act;
  • the manner of execution of such projects or programs as specified in rule 4(1) of CSR Rules;
  • the modalities of utilisation of funds and implementation schedules for the projects or programs;
  • monitoring and reporting mechanism for the project or programs; and
  • details of need and impact assessment, if any, for the projects undertaken by the company;
  1. Recommend changes to the Board, if any, needed in the annual action plan with reasonable justification to that effect.
  2. To monitor the CSR policy as approved by the Board from time to time.
  3. Formulating and recommending to the Board the CSR policy and a CSR annual action plan, provided that the board may alter such plan at any time during the financial year based on reasonable justification to that effect.
CSR Activities

The Company shall undertake CSR activities for development of the Society and the environment, particularly in the vicinity of the areas where the facilities of the company are located. It shall undertake such activities which are broadly related to any of the following:

  • Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation
  • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled 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 centres 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, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
  • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional art and handicrafts;
  • Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows;
  • Training to promote rural sports, nationally recognised sports, paralympic sports and olympic sports
  • Rural development projects
  • Development of area declared as “slum area” by the Government or Competent Authority.
  • Disaster management, including relief, rehabilitation and reconstruction activities.

The Company may also contribute to the following funds as part of CSR activities:

  • Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
  • Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga;
  • Prime Minister’s National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the Central Government for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
  • Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government;
  • Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga

            and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics    and Information Technology and other bodies, namely Defense Research and   Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR);  Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial  Research (CSIR), engaged in conducting research in science, technology, engineering  and medicine aimed at promoting Sustainable Development Goals (SDGs).

The above areas as enshrined in Schedule VII to the Act and included in this policy aims to provide macro areas in which CSR projects should be undertaken by the company. The Company should consider details of CSR projects as elaborated in the annual action plan for each financial year.

Any CSR activity proposed to be undertaken as a CSR initiative, but not specifically covered in the aforesaid, may be undertaken only with the prior approval of the Board.

Focus Areas

While the company may undertake CSR activities in any areas listed above, the focus areas of CSR activities should be on the following aspects:

  • Education to underprivileged
  • Safe Drinking Water
  • Eradicating Hunger and Poverty
  • Environment protection
  • Health Camps

Empowering Women and Promoting gender equality

Annual Action Plan

The Board shall formulate an annual action plan which shall include the following:

  • the list of CSR projects or programmes that are approved and to be undertaken by the company;
  • the manner of execution of such projects or programmes;
  • the modalities of utilisation of funds and implementation schedules for the projects or programmes;
  • monitoring and reporting mechanism for the projects or programmes; and
  • details of need and impact assessment, if any, for the projects undertaken by the company.

The Board of Directors are empowered to alter the annual action plan during the financial year, if so required, based on the reasonable justification for such change.

CSR Spend/ Sources of Funding

The Company shall endeavor to achieve the objectives of CSR policy and allocate every year at least 2% of the average net profit during the three immediately financial years on CSR activities as enumerated above.

Any surplus arising out of the contribution made for CSR Activities, projects or programmes shall not form part of the business profit of the Company and redeployed for such activities.

All the expenditure relating to CSR shall be pre-approved by the Board. The CFO shall monitor the utilization of funds for the purposes set forth and certify to this effect.

Unspent CSR amount, if any, shall be transferred to separate account in accordance with the applicable CSR rules from time to time.

Mode of Implementation

CSR programs, projects or activities of the company to be implemented through the eligible Implementing Agency registered with the Ministry of Corporate Affairs as per the CSR Annual Action Plan laid out by the Board.

Need and Impact Assessment

After one year of completion of CSR project, the company should consider to conduct an impact assessment of the project so completed and place a report for consideration of the Board, if applicable.

A summary of impact assessment outcome shall be disclosed in the Board’s Report if the average CSR obligation of the company in the three immediately preceding financial years is more than ten (10) crore rupees as per section 135(5) of the Companies Act, 2013 and Rule 8 sub-rule 3(a) of the Companies (Corporate Social Responsibility Policy) Rules, 2014.

Capital Assets

Capital asset acquired or created by CSR projects should be held by the beneficiaries of the said CSR project or a trust or a public authority for the benefits of all. The Company should take appropriate measure to ensure that such assets are utilized for the purposes it was meant for and should not be transferred or disposed off without prior permission of the company.

Information Dissemination

CSR policy and activities undertaken shall be disseminated on website, if any, for public access and shall be published in the Annual Report of the Company in the format prescribed under the Act and CSR Rules.

Exclusion from CSR

The following activity shall not form part of the CSR activities of the Company:-

  • The activities undertaken in pursuance of normal course of business of a company.
  • CSR projects/programs or activities that benefit only the employees of the Company and their families.
  • Any contribution directly/indirectly to political party or any funds directed towards political parties or political causes.
  • Any CSR projects/programs or activities undertaken outside India.
Monitoring & Reporting

The Board will be responsible for monitoring CSR activities and shall review the implementation of CSR every six months or as and when required.

Amendment of Policy

The CSR policy of the company may be amended at any time by the board of the company.