Corporate social responsibility

The Corporate Social Responsibility idea in India is represented by Section 135 of the Companies Act, 2013 and Rules made there under where in the measures has been accommodated surveying the CSR qualification of an organization, Implementation and Reporting of their CSR Policies. India having the most expounded CSR instrument and execution procedure has begun its excursion to set a benchmark in achieving maintainability objectives and partner activism in country building. Also, India is the primary country to make CSR mandatory for qualified organizations in India.
In accordance with these public undertakings and with a goal of “Everyone’s Growth”, Simero Ceramics has embraced the different CSR exercises for incorporating social, natural, and human advancement worries in the whole worth chain of corporate business.

Disclosure of composition of CSR committee

Composition of the CSR Committee

(*)  Shri Vishal HansrajbhaiAdroja, Chairman

 (*)  Shri NitinkumarMohanlalShiravi, Member

 (*)  Shri Pratik RajeshbhaiKaneria, Member

 (*)  Shri AmitkumrRamniklalTanna, Member

S. No Name of the foundation Purpose of the foundation
1 HIGH ON LIFE FOUNDATION High on Life is an idea- to see India as a drug-free Nation by educating the young breed of India about the evil effects of drugs & reinforcing the message for inspiring, motivating and supporting drug addicts to stay away from the perils of drug abuse and start staying High on Life.
2 Shree Umiya Manav Seva Trust – Morbi Widowed women-Orphaned minors-Helpless old people-Provide all kinds of financial and social assistance to financially needy patients / students, show them the true direction of earning and help them. Nationalism is awakened in the people, the countrymen will come together to dedicate their body, mind and money for the nation. The countrymen will work together to awaken the spirit of human or natural calamity upon the country.
3 KARMAPUTRA CHARITABLE TRUST Working for Women empowerment-financially needy students-health-Social equality and build strong society- Running a cowshed for disabled and stray cows

Details CSR policy

(1) PREAMBLE:

Corporate Social Responsibility (CSR) is fundamentally a philosophy or a vision about the relationship between business and society. The emerging concept of CSR goes beyond charity and requires the Company to act beyond its legal obligations and to integrate social, environmental and
ethical concerns into Company’s business process.Pursuant to Section 135 of the Companies Act, 2013 and the Rules made there under, which are effective from 1st April 2014, every Company
which meets the criteria as mentioned in the said Section shall constitute a CSR Committee of the Board for implementation of CSR projects or programs or activities undertaken by the Company.
This policy is designed to discharge the Company’s responsibility as a corporate citizen and to lay down the guidelines and mechanism for carrying out socially useful activities/projects and programs for the welfare & sustainable development of the community at large. The terms, rules, and regulations mentioned in this policy are as per the Companies Act, 2013, and the rules made there.

(2) TITLE & APPLICABILITY:

This policy encompasses the Company’s philosophy for delineating its responsibility as a corporate citizen and lays down the guidelines and mechanism for understanding socially useful programs for welfare & sustainable development of the community at large is titled the ‘SVPL CSR Policy’This policy is in compliance with section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014(the Rules). This policy shall be effective from the date of its adoption and approval by the Board of Directors of Simero Vitrified Private Limited.

(3) DEFINITIONS:

The words and expressions used in this Policy are defined as under –
(a) “Act” means the Companies Act, 2013.
(b) “Annexure” means Annexure appended to this Policy.
(c) “Board” means Board of Directors of the Company.
(d) “Company” or “Simero Vitrified Private Limited”.
(e) “CSR Committee” means the Corporate Social Responsibility Committee of the Board of

Directors of the Company referred to in section 135of the Act.

(f) “Corporate Social Responsibility (CSR)” means the responsibility of the Company to undertake the projects and programs relating to the activities covered under the subjects enumerated in Schedule VII of the Act and approved by the Board in pursuance of recommendations of the CSR Committee.

(g) “CSR Activities” means the activities of the Company as per this Policy and restructured from time to time.

(h) “CSR Rules” means the Companies (Corporate Social Responsibility Policy) Rules, 2014 notified by the Government of India, Ministry of Corporate Affairs, and any amendments made there from time to time. The words and expressions used and not defined in this Policy shall have the same meanings respectively assigned to them in the Act or CSRRules.

(4) CSR VISION STATEMENT AND GUIDING PRINCIPLES:

The Company shall carry out its CSR activities through a public charitable Trust that may be created by the Company or through other RegisteredTrust, Society or Section 8 Company or in collaboration with other organizations and further Company through its CSR initiatives is committed to building a sustainable enterprise for the benefit of its present and future generations of stakeholders and will continue to enhance value creation in the society and in the community in which it operates as a Socially Responsible Corporate.

(5) RESOURCES, FUNDING & ALLOCATION & MODE OF IMPLEMENTATION:

5.1 For achieving its CSR objectives through the implementation of meaningful & sustainable CSR

  • programs, Simero Vitrified Private Limited shall endeavor to allocate the following as its

Annual CSR Corpus:2% of average net profits made during the three immediately preceding financial years, as prescribed under the Companies Act, 2013 and the rules; Any income arising therefrom; and surplus arising out of CSR activities. It is clarified that surplus arising out of CSR projects/ programs shall not form part of the business profits of the Company.

 

5.2 CSR programs, projects, or activities, will be implemented through one or more of the following:

a) Methods:
Directly by the Company;
Through any Public Charitable Trust that may be created by the Company with the noble object of fulfilling its Corporate Social Responsibility; Any other Registered Trust, Society, or Section 8 Company (i.e. Company registered under Section 8 of the Companies Act, 2013) in carrying on activities in related areas and duly approved by the Simero Vitrified Private Limited CSR Committee; In collaboration with other organizations.

b) The allocated CSR budget or Corpus will be utilized for CSR activities undertaken within India, which are not:

i) Exclusively for the benefit of employees of the Company or their family members;

ii) Undertaken in pursuance of the normal course of business of the Company.

6. CSR PLAN:

Simero Vitrified Private Limited shall prepare its Annual CSR Plan at the beginning of each Financial Year according to the availability of resources, on the recommendation of the CSR Committee and approval of the Board. The CSR activities (Projects/Programmes) that Simero Vitrified Private Limited plans or proposed to undertake shall be the activities falling within the purview of Schedule VII of the Companies Act, 2013 as amended from time to time, and do not include the activities undertaken in pursuance of the normal course of business of the Company. The Projects, programs, or activities proposed to be undertaken by the Company pursuant to the Policy, along with modalities of execution are outlined in Annexure-I attached hereto.

(7) CSR COMMITTEE:

SVPL CSR Committee which will be ultimately responsible for the CSR projects undertaken will report to Board.Members of CSR Committee shall be:

Shri Vishal Hansrajbhai Adroja, Chairman

Shri Nitinkumar Mohanlal Shiravi, Member

Shri Pratik Rajeshbhai Kaneria, Member

Shri Amitkumar Ramniklal Tanna, Member

Responsibilities of the CSR Committee shall be; Formulate and update CSR policy, to be approved by the BoardSuggest areas of intervention to the BoardApprove projects that are in line with the CSR PolicyPut monitoring mechanism in place to track the progress of each project recommend the CSR expenditure to the Board who will approve it.

(8) IMPLEMENTATION:

The time period for implementation of the program will depend on its nature, extent of coverage, and the intended impact of the programme.CSR Programs shall be implemented with the active participation of the local community, wherever possible, and in consultation with the State Government for policy and strategic purposes and local administration at city, village, block, and district levels for operational purposes, wherever applicable.

These implementations will also be synergized with the initiatives undertaken by the State Government, District Administration, Local Administration as well as Central Government Departments. While all CSR programs will be focused in India, the Company shall give preference to the local areas. While identifying long term programs, all possible efforts shall be made to define

a) Programme objectives.

b) Baseline survey- It would give the basis on which the outcome of the program would be measured.

c) Implementation schedules – Timelines for milestones of the program.

d) Responsibilities and authorities.

e) Major results expected and measurable outcome.

The Corporate Social Responsibility Committee (CSR Committee) of the Board shall recommend to the Board, for a Financial Year, the amount of expenditure to be incurred on CSR programs, projects, and activities. The Board of Directors of the Company shall ensure that Company spends the requisite amounts specified under the Companies Act, 2013 on CSR activities failing which it shall specify in its report the reason for not spending the amount. The Board or CSR Committee shall delegate necessary powers for the execution and implementation of the CSR Policy. The delegation shall also include powers for meeting the requirements arising out of immediate & urgent situations.

(9) MONITORING AND FEEDBACK:

To ensure effective implementation of the CSR programs, the Company shall put in place, a suitable monitoring mechanism. The progress of CSR programs under implementation will be reported to the Chairman of, the CSR Committee on a quarterly basis.CSR Committee shall periodically monitor the progress of CSR projects, programs, and activities incorporated in the CSR Policy and shall hold review meetings at least twice a year.CSR Policy will be displayed on the Company’s corporate website. An Annual report on CSR containing the particulars as prescribed under the Companies (Corporate Social responsibility Policy) Rules, 2014 shall form part of the Annual Report of the Company.

(10) GENERAL:

In case of any doubt with regard to any provision of the CSR Policy and also in respect of matters not covered herein, a reference should be made to the CSR Committee. The Board of Directors on its own and/or as per the recommendations of the CSR Committee reserves the right to modify, cancel, add, or amend itsCSR Policy as and when required as deemed fit. Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the Regulations on the subject as may be issued from relevant statutory authorities, from time to time and subject to the provisions of the companies Act, 2013 and Rules framed there under.