Enhancing the Quality of Life of Community
At Udyogi, we believe that true governance extends beyond compliance; it’s about creating value for the broader community. With a steadfast commitment to social responsibility, we strive to enhance the quality of life for all. Our dedication to responsible actions is deeply ingrained in our corporate culture, reflecting our unwavering promise to make a positive impact.
Embracing the belief that ‘Life is Precious,’ every Udyogi employee takes personal responsibility for safeguarding lives. When our products are in use, people place their trust in us, entrusting us with their safety. This responsibility extends beyond the present moment, ensuring a high quality of life for years to come.
We are dedicated to helping our clients adopt sustainable business practices and products, while also implementing these practices throughout our own facilities. We understand that the investments we make today will lead to savings for both our company and the planet in the future. Our commitment to reducing our environmental impact extends to assisting our customers in doing the same.
We continually expand our range of eco-friendly products and promote recycling and reuse. Our involvement goes beyond our company’s boundaries, reflecting our dedication to our customers, employees, and society as a whole.
Knowledge First
The Udyogi Foundation’s flagship Corporate Social Responsibility initiative, “Knowledge First,” is a cornerstone of our philanthropic efforts, embodying the belief that Health and Safety are achieved through Knowledge.
Now in its third year, Knowledge First has empowered 1,300 underprivileged children by providing access to education.
Our program has established and supported over four schools in Gangasagar and one in the Sundarban area, investing a portion of our profits beyond business for the greater good of society.
Since its inception, ‘Knowledge First’ has contributed over INR 50 lakhs to support children’s educational journeys and has invested approximately INR 70 lakhs in the development of schools and educational infrastructure.
In addition to our educational initiatives, Udyogi is committed to protecting and promoting the environment by adhering to all applicable environmental regulations.
Industrial Safety
At Udyogi, we are dedicated to advancing workplace safety through our tailored Industrial Safety Training programs. Responding to the specific needs of various projects and industries, our on-call training sessions are designed to address unique safety challenges and enhance overall safety standards.
Our expert trainers provide comprehensive instruction on best practices, regulatory compliance, and the latest safety technologies. These sessions cover a wide range of topics, including hazard identification, risk assessment, emergency response, and the proper use of personal protective equipment.
By partnering with Udyogi, industries can ensure their workforce is well-equipped to maintain a safe working environment, ultimately reducing accidents and improving productivity. Our commitment to safety extends beyond compliance, fostering a culture of continuous improvement and vigilance in every workplace we serve.
School Buildings
We at Udyogi Foundation are proud to support the infrastructure repairs of several school buildings in the Gangasagar area. Our efforts include creating separate washrooms for boys and girls to ensure a safe and hygienic environment for all students. Below we have attached the list of the schools we are supporting through our 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 partnered with the Eye Hospital of Kolkata to conduct Eye Camps, supported by a dedicated team of doctors and volunteers from local clubs in nearby areas. Over the year, we have successfully performed approximately 45 cataract operations and provided free spectacles with prescription lenses as recommended by our medical professionals.
Udyogi has initiated a project to provide pure, cold drinking water to villagers and passersby in Kachuberia, Sagar District, during the summer season. To achieve this, Udyogi manages the water supply and maintains Heavy Duty Water Coolers at two strategic locations in the area.
CORPORATE SOCIAL RESPONSIBILITY POLICY
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.
- “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.
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.
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:
- 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;
- To recommend the amount of expenditure to be incurred on the activities referred to in clause (a);
- 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;
- Recommend changes to the Board, if any, needed in the annual action plan with reasonable justification to that effect.
- To monitor the CSR policy as approved by the Board from time to time.
- 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.
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.
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
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.
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.
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.
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 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.
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.
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.
The Board will be responsible for monitoring CSR activities and shall review the implementation of CSR every six months or as and when required.
The CSR policy of the company may be amended at any time by the board of the company.