The company since its inception has seen responsible to the society and has pioneered in undertaking activities which promote various social and charitable objectives. Company has also, over the years, undertaken various social and charitable activities directly and through NGOs. Pursuant to clause (o) of sub-section (3) of section 134 of the Act and Rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014] Company has formulated the policy to continue the CSR activity in a structured way under the following broad categories.
The company in its meeting of Board of Director dated 20th May,2014 for the first time constituted a CSR committee consisting of following Directors.
During the Year CSR committee has focused its activities majorly on enhancing vocational skills among youth. Activity was carried out through KIHRD a registered trust engaged in conducting educational programs and training vocational skills, recognized by various universities and Department of Technical Education, Govt. Of india., to deserving candidates of various segments of society.
Committee has also extended its support to the society by facilitating and promoting the inborn entrepreneurial ability and skills among the underprivileged in the society, especially focusing on women. Provided financial assistance to enhance the current social status of women, increase women’s family household income and improve quality of life. This was executed through “K.P.Paul Foundation” in association with “Rajagiri Out reach” an NGO well recognized for its CSR activities by various local and international bodies.
|1||Average Net profit of last 3 years||Rs 449 lacs|
|2||Qualifying amount @ 2% of item 1 above||Rs 9 lacs|
|3||Amount spent during the FY 2014-15||Rs 10,50,000/-|
|Spend Through KIHRD for Promoting Education||Rs 4,50,000/-|
|Spend Through KP Paul Foundation for promoting Gender equality||Rs 6,00,000/-|
We here by confirm that implementation and monitoring of CSR policy is in compliance with the CSR Objectives and Policy of the company.
JOHN K PAUL