Objective

 The objective of Corporate Social Responsibility (CSR) policy of PMV Maltings Private Limited (“PMVM” or “Company”) is to lay down guidelines for proper functioning of CSR activities to attain sustainable development of the society.

CSR activities, projects and programmes

The CSR activities that will be undertaken by the Company shall be such activities as may be approved by the CSR Committee that will be constituted / reconstituted by the Board of Directors of the Company. The CSR Committee will approve for undertaking the following activities, projects and programs relating to the areas stated under Schedule VII of the Companies Act, 2013:

1. Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
3. 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.
4. 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 including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
5. 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;
6. 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 widow;
7. Training to promote rural sports, nationally recognized sports, paralympic sports and olympic sports
8. Contribution to the prime minister’s national relief fund 8[or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)] or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
9. (a) 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; and (b) 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 Organization (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)
10. Rural development projects
11. Slum area development.
12. Disaster management, including relief, rehabilitation and reconstruction activities.

The Committee in its discretion may decide for contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women

The Committee in its discretion may decide for contributions or funds provided to technology incubators located within the academic institutions which are approved by the Central Government.

Modalities of execution of CSR activities, projects and programmes

The aforesaid activities shall be carried out in any of the following ways as the CSR Committee in its absolute discretion may decide. The CSR Committee may decide to use any one or all or a combination of any of the following ways to undertake the CSR activities, projects and programmes:

1. By the Company directly

Through any other registered trust / any registered society / any other company that are qualified for undertaking CSR activities in terms of the provisions of the Companies Act, 2013.

Implementation Schedule and Monitoring process of such projects or programmes

The implementation schedule for each CSR activity shall be approved by the CSR Committee and all such activities and programmes will be monitored by the CSR Committee.

A report on a periodic basis, as may be desired by the Board, shall be provided to the Board.

Surplus arising out of CSR projects, programmes and activities

Any surplus that may arise out of CSR projects, programmes and activities shall not form part of business profits of the Company.

Memberships

The CSR Committee shall have a minimum of three directors as members. The members of the CSR Committee shall elect a Chairman from amongst themselves.

The Committee shall meet at least two times in a year.

Quorum

A quorum of the CSR Committee shall be either two members or 1/3rd of the members of the Committee whichever is higher. Subject to the foregoing,  members of the  Committee may attend through video conferencing or other audio visual means  as permitted by the Companies Act 2013 and rules framed there under and as mentioned in point 4 below.   

The CSR Committee may regulate its own procedure, in particular in the conduct of the Committee meetings, including attendance at a meeting by being present in person or through video conferencing or other audio visual means as may be prescribed, which are capable of recording and recognizing the participation of the directors and of recording and storing the proceedings of such meeting’s along with date and time.