The Vehicle of Corporate Social Responsibility (CSR) has been driven in Companies Act, 2013 in order to fulfill various social obligations of corporates. We at Stonemen Crafts India Private Limited have formulated CSR policy in accordance with the Section 135 of Companies Act, 2013, along with Schedule VII of Companies Act, 2013 and Companies (CSR Policy) Rules, 2014.
Driven by our core purpose, our CSR vision has been to focus efforts on girl child, women by innovatively supporting them through programmes designed in the domains of education, health and environment. Additionally, we will support the environment through scaling up our tree plantation programme. Contribution towards health care by providing Medical Equipments, medical relief to poor is also within the parameters of CSR activities of the Company.
Stonemen pledges to contribute at least 2% of the average net profits of the Company made during the 3 immediately preceding financial years specifically towards CSR initiatives. Company will ensure that majority of the budget is invested in long term and high impact projects of girl child education and women’s empowerment, and that of supporting the environment, health care activities. The Company will continue to support the local needs of the communities within which it operates by investing in projects which address these needs.
The vision is to contribute to the social and economic development of the community and to directly or indirectly take up programmes that benefit the society by making sustained positive contribution towards the welfare of society at large.
i. To accelerate the objective, the company aligns CSR activities with the applicable rules, regulations and laws as may be applicable from time to time.
ii. Stonemen participate in ways that support and promote Education, Health Care, Rural Development, Environment Sustainability, Girl Child Nurturing and Upliftment, Women Empowerment, sports promotion, distribution of food to needy people.
iii. Giving Back to the Society as Company has received through this society only. We are Socially Accountable and environmentally conscious as more visible and successful a corporation is, the higher is its responsibility towards society, its stakeholders, and the public.
iv. Our policy is to provide “Selfless Service” to the society.
v. Our CSR Policy sets out our commitment towards society that our activities extend beyond business and include initiatives and endeavors for the benefit and development of the community and society at large.
vi. Our company is committed to operate and grow its business in a socially responsible way with a vision to be an environmental friendly corporate citizen.
i) Education & Skill Development: Promoting education, including special education and employment enhancing vocation skills especially among Girl Child, Women and differently abled children.
(ii) Rural Development: Promoting rural development by adopting appropriate measures.
(iii) Healthcare: Promoting health care by providing Medical Equipments, medical relief to poor. Prioritizing health by spreading awareness and education, supporting health and government officials in their attempts to mitigate the effects of the pandemic.
(iv) Environment: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, plantation, conservation of natural resources and maintaining quality of soil, air and water;
(v) Other welfare activities company may undertake: Company may contribute to other areas as permitted under Schedule VII of the Companies Act, 2013. (Annexure-1)
Our company has constituted CSR committee in accordance with section 135 of the Companies Act, 2013 which shall comprise 2 (TWO) members as listed below and subject to the requirements of the Act, the Board may increase or decrease the size of the committee.
1. Mr. Rajat Asthana Chairman CSR Committee
2. Mr. Shishir Asthana Member CSR Committee
a) To review and formulate CSR Policy.
b) To recommend to the Board changes to CSR Policy as and when required.
c) To recommend the amount of expenditure to be incurred on the activities to be undertaken by the company.
d) To monitor the CSR Policy from time to time.
The CSR Commitment of the Company for each financial year as approved by the board shall comprise of the following:
• 2% (two percent) of the average Net Profits of the Company for the last 3 (three) financial years;
The Board of Directors shall constantly monitor the implementation of the CSR activities. The Board shall review the same and suggest recommendation, if any, to the committee with regard to implementation process.
The Board of Directors of the Company shall provide the following information in its Board Report to its shareholders as well as on the website of the Company:
The Company, its Board of Directors, employees, officers, CSR Committee members, its invitees, shall not:
The CSR Committee shall review the CSR Policy from time to time and make suitable changes as may be required and submit the same for the approval of the Board of Directors of the Company.