Preamble
Corporate Social Responsibility is a company's commitment to operate in an economically, socially, and environmentally sustainable manner while recognizing the interests of its stakeholders. This commitment goes beyond statutory requirements. Corporate Social Responsibility is closely linked with the practice of Sustainable Development. It extends beyond philanthropic activities and aims to integrate social and business goals, which can help secure a sustainable competitive advantage in the long term.
Background
Transline Technologies Limited (hereinafter referred to as “TTL” or “the Company”) has always seen itself as a responsible corporate citizen ready to give back to society. Over the years, the Company has been contributing to various charitable activities, such as sponsoring medical camps, blood donation camps, sporting activities, community health initiatives, and animal welfare.
Corporate Social Responsibility (CSR) Committee
The CSR Committee of the Company is authorized to undertake the following activities:
This Corporate Social Responsibility Policy has been formulated and recommended by the CSR Committee of the Company pursuant to the provisions of Section 135(3)(a) read with Schedule VII of the Companies Act, 2013 and the Rules made thereunder.
CSR Policy: Scope and Objectives
To streamline and provide more focus and direction to the activities undertaken by the Company, it has been decided to formulate this Policy. Additionally, Section 135 of the Act and the Rules made thereunder have laid down guidelines for CSR Programs for Companies falling under the mandatory provision for CSR.
This Policy is formulated in line with the requirements of the Act and shall be applicable on a uniform basis.
Areas of Activities to be Undertaken
The Company shall be undertaking one or more of the following activities as prescribed in the Act and Rules as modified from time to time:
Activities Not to be Taken Up Under CSR Programme
Mode of Execution
The activities will be executed directly or through registered and accredited trusts, a company incorporated under Section 8 of the Act, Society or NGO, or in collaboration with other companies and such other organizations as may be prescribed under the Act from time to time.
Methodology
The planning for CSR shall start with the identification of the activities/projects to be undertaken. CSR projects/activities shall be undertaken in the periphery where the Company carries out its activities as far as possible. Where this is not possible, the Company may choose to locate CSR projects anywhere in the country. The plan under CSR shall be integrated with the social and environmental concerns related to the business of the Company. The CSR Plan shall match with the long-term Business Plan. CSR plans will be in line with clause 5 above and broadly shall specify:
Types of Expenditure to be Considered as Related to CSR Activities
Salaries paid to regular CSR staff and volunteers (in proportion to time spent on CSR activities) can be factored into CSR project cost as part of CSR expenditure.
CSR Monitoring and Reporting Mechanism
The CSR Committee shall monitor the amount of expenditure as approved by the Board of the Company on a quarterly basis and make report to the Board of Directors on half yearly basis. Apart from the above, the Directors’ Report of the Company shall include an annual report on CSR containing the particulars in the prescribed format.
Display of the CSR Policy on the Website of the Company
This policy shall be placed on the website of the Company, i.e., www.translineindia.com.
Validity and Authority for Modification/Amendments
This CSR policy shall be effective with the commencement of the Financial Year from April 1, 2023, and will be in force till such time it is modified or amended by the Board of Directors on the recommendation of the CSR Committee and till the Company remains to be within the eligibility criteria as prescribed under the Act.