Annexure Format for the Annual Report on CSR Activities to be included in the Board's Report 1. A brief outline of Company's CSR policy, including overview of projects or programs to be undertaken and a reference to the web-link to the CSR policy and projects or programs TCIL is committed to conduct business in a socially, economically and environmentally responsible and sustainable manner, which enables the creation and distribution of wealth for the betterment of all its stakeholders, internal as well as external, through the implementation and integration of ethical systems and sustainable management practices. For this TCIL had laid a balanced emphasis on all aspects of corporate social responsibility and sustainability with regard to its internal operations, activities and processes, as well as undertake initiatives and projects to facilitate capacity building, empowerment of communities, inclusive socio- economic growth, environment protection, promotion of green and energy efficient technologies, development of backward regions, and upliftment of the marginalized and under- privileged sections of the society. The CSR provisions of the Companies Act 2013, Schedule VII, or the CSR rules are inviolable. However, in addition to the CSR provisions of the Act and the CSR rules, DPE .has formulated Guidelines on Corporate Social Responsibility and Sustainability which are applicable to CPSEs. Guidelines do not supersede or override any provision of the Act, or Schedule VII of the Companies Act 2013, or the CSR rules, but will supplement them. It is clarified that in case of any perceived conflict between the CSR rules and the Guidelines, the former shall prevail in all circumstances. The term Sustainability has been used in conjunction with CSR in the title of DPE Guidelines because CSR activities which are envisaged in the Act and in the CSR rules can be supplemented with sustainability initiatives as both aim at achieving sustainable development goals. The CSR Committee so constituted formulated Policy on Corporate Social Responsibility (CSR Policy) and the Board of Directors of the Company ('Board') has approved the same asperrecommendationofCSRCommittee. Web link: http://www.tcil-india.com/new/CSR.php
Transcript
Annexure
Format for the Annual Report on CSR Activities to be included in the Board's Report
1. A brief outline of Company's CSR policy, including overview of projects or programs to beundertaken and a reference to the web-link to the CSR policy and projects or programs
TCIL is committed to conduct business in a socially, economically and environmentally
responsible and sustainable manner, which enables the creation and distribution of wealth for
the betterment of all its stakeholders, internal as well as external, through the implementation
and integration of ethical systems and sustainable management practices. For this TCIL had
laid a balanced emphasis on all aspects of corporate social responsibility and sustainability with
regard to its internal operations, activities and processes, as well as undertake initiatives and
projects to facilitate capacity building, empowerment of communities, inclusive socio-
economic growth, environment protection, promotion of green and energy efficient
technologies, development of backward regions, and upliftment of the marginalized and under-
privileged sections of the society.
The CSR provisions of the Companies Act 2013, Schedule VII, or the CSR rules are
inviolable. However, in addition to the CSR provisions of the Act and the CSR rules, DPE
.has formulated Guidelines on Corporate Social Responsibility and Sustainability which are
applicable to CPSEs. Guidelines do not supersede or override any provision of the Act, or
Schedule VII of the Companies Act 2013, or the CSR rules, but will supplement them. It is
clarified that in case of any perceived conflict between the CSR rules and the Guidelines,
the former shall prevail in all circumstances.
The term Sustainability has been used in conjunction with CSR in the title of DPE
Guidelines because CSR activities which are envisaged in the Act and in the CSR rules can
be supplemented with sustainability initiatives as both aim at achieving sustainable
development goals.
The CSR Committee so constituted formulated Policy on Corporate Social Responsibility
(CSR Policy) and the Board of Directors of the Company ('Board') has approved the same
as per recommendation of CSR Committee.
Web link: http://www.tcil-india.com/new/CSR.php
.., , -.
Corporate Social Responsibility activities for 2015-16
Project 1: Tele-education Network for delivering education in under developed regions
TCIL had proposed CSR project of Tele-education connecting 272 backward districts of country in whichTCIL shall take up this CSR project on behalf of all CPSEs, as an implementing agency covering design,development, procurement, installation and commissioning of the network and post commissioningoperations and management of the Tele-education services.
A Detailed project report and implementation plan for setting up of Tele-education Network for deliveringeducation in under developed regions was prepared.
CSR funds have been used for setting up central servers for the Tele-Education setup. In addition to this,equipments have been procured for setting up virtual classrooms and studios for delivering education onthe network.
An MOU has been signed with National Institute of Open Schooling for providing Tele-education inbackward areas.
Tele-education equipments were procured and installed at TCIL Bhawan, National Institute of OpenSchooling, Bhaktivedanta Gurukula & International School & ISKCON.
Lectures are being organized from ISKCON Delhi centre to BGIS for promoting quality rural education.ISKCON has a pool of highly qualified volunteers graduated from I1Ts who are dedicated towards socialservice and educate hundreds of children from rural background in BGIS on the network ..
National Institute of Open School has been using the virtual classroom at their Noida centre in providingeducation/training programs to their regional centers.
Project 2: Construction of Science Lab along with high quality scientific instruments atBhaktivedanta Gurukula and International Studies, Mathura
A science lab has been constructed with high quality scientific instruments at BGIS, Mathura to equipBGIS with facility for all the experiments for the various classes as mentioned in ICSE and ISC syllabus.
215 school students of BGIS in class 6-12 out of which 30% belong to rural background inBPLIOBC/SC/ST category are beneficiaries. Students of both genders from rural areas of other schools inMathura will also access the science laboratory during certain hours of the day.
Project 3: Contribution to Swachh Bharat Kosh
An amount of Rs 11.59 lakhs (Eleven lakhs & fifty nine thousand only) has been contributed towardsSwachh Bharat Kosh which is covered under item-I (improving sanitation) of Schedule VII of theCompanies Act
2. The Composition of the CSR committee
The Chairperson and Members of the Committee are as follows:
4. Sh. Shashi Ranjan Director (Govt. nominee) MemberKumar
5. Smt. Rekha Jain Independent Director Member
w.e.f.22.02.2016
S.No. Name Designation Chairman / Member
1. Sh. Shashi Ranjan Director (Govt. nominee) ChairmanKumar
2. Prof. Rekha Jain Independent Director Member
3. Sh. Rajesh Kapoor Director (Technical) Member
4. Sh. Rajiv Gupta Director (Projects) Member
3. Average net profit of the company for last three financial years
Average net profit for last three financial years is negative (excluding profit of foreignprojects/dividend received, as per CSR rules). However as per DPE guidelines onCSR, 2% of PAT of the preceding year is taken as the budget for CSR activities forFY 2015-16.
PAT for FY 2014-1 5 : Rs 21.37 crores
Budget for CSR for FY 2015-16: Rs 42.74 lakhs
4. Prescribed CSR Expenditure
Rs 42.74 lakhs
5. Details of CSR spent for the financial year:(a) Total amount spent for the financial year: Rs 42.80 lakhs(b) Amount unspent: NIL(c) Manner in which the amount spent for the financial year is detailed below:
S. CSR Sector in which Projects or Amount Amount Cumulative AmountNo Projects/activit the project is programs outlay spend on expenditure Spent:
ies identified covered 1) Local (budget) projects or uptoI area or other project or reporting Direct orprograms.
2) Specify program Subheads: period throughthe state and wise 1) Direct 2015-2106 implementindistrict where expenditure g agency.
'-../projects on projects orundertaken programs
2) Overheads
I Contribution to Schedule VII, Swachh Bharat 11.59 lakhs 11.59 lakhs 11.591akhs DirectSwachh Bharat item-l Kosh contributionKosh (Improving
Sanitation)2 Construction of Schedule VII, Science lab has 24 lakhs 24 lakhs 241akhs Project
Science lab in item-II been constructed implementedBGIS, Mathura. (Promoting with high quality by ISKCON
6. In case the company has failed to spend the two percent, of the average net profit of the lastthree financial years or anv part thereof, the company shall provide thc reasons for notspending the amount in its Board Report
N.A.
7. A responsibility statement of the CSR committee that the implementation and monitoringof CSR policy, is in compliance with CSR objectives and Policy of the Company.
Implementation of CSR activities is in compliance with Companies Act, 2013 & OPEguidelines and to meet the CSR objectives and policy of the Company.
