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CSR Report
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CONCEPT EQUIPMENTS CORPORATE SOCIAL RESPONSIBILITY POLICY

CONCEPT EQUIPMENTS

Concept Equipments is an employee, Customer and environment friendly organisation and already has in practice for the benefit of the society in various terms. It is recognised that integrating social, environmental and ethical responsibilities into the governance of businesses ensures the long term success, competitiveness and sustainability.

OBJECTIVE

The main objective of CSR policy is to make CSR a key business process for sustainable development of the society. Concept Equipments will act as a good corporate citizen and aims at supplementing the role of Government in enhancing the welfare measures of the society within the framework of its policy.

ACTIVITIES

The CSR activities will be in line with this CSR Policy, focused not just around its operating areas but also in other geographies based on the need of the communities. Concept Equipments plans to undertake the following in its endeavour to fulfil its CSR Commitment.

  • Promoting Education and information about the uses for cameras and safe being with one
  • Ensuring Sustainability and long term use
  • Rural Development by self defence classes
  • Distributing gifts in temples to give back to the society

Any other activities with the approval of the Proprietor on the recommendation of CSR Committee including as specified in Schedule VII of Company Act, 2013 and its amendments.

ORGANISATIONAL MECHANISM AND RESPONSIBILITIES

The Management of the Company shall constitute a Corporate Social Responsibility Committee of the Board (“CSR Committee”) consisting of two or more Managers. The CSR Committee shall –

  • Formulate and recommend to the Board, a CSR policy and activities to be undertaken by the company as per Schedule VII;
  • Recommend the amount of expenditure to be incurred on the activities; and
  • Monitor the Policy of the company from time to time.

The Management of the company shall after taking into account the recommendations made by the CSR Committee, approve the policy for the company and disclose contents of such Policy in its report and ensure that the activities as are included in the CSR Policy of the company are undertaken by the company.

PERFORMANCE MANAGEMENT

All activities/projects of CSR will be assessed under the agreed strategy and will be monitored on timely basis measured against targets and budgets. Wherever necessary, midcourse corrections may be made.

The CSR Committee shall be responsible for overseeing the planning, coordination and implementation of CSR activities and compliance of same shall be reported through the Company’s Annual Report.

PARTNERSHIPS

Collaborative partnerships are formed with the Government, the District Authorities, Municipal Corporation, the village panchayats, NGOs and registered trusts . Company may join hands with external organizations and experts. Company may also collaborate with other companies for undertaking projects or programs or CSR activities. This helps widen the Company’s reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.

BUDGETS

Total Budget for CSR projects will be decided by CSR Committee. The budgets may be project driven. The CSR Policy mandates that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company. The CSR projects or programs or activities undertaken in India only shall amount to CSR expenditure.

INFORMATION DISSEMINATION

The Company’s engagement in this domain is disseminated on its website, annual reports and its house journals as and when deem fit.