Corporate Social Responsibility

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Corporate Social Responsibility

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.

CSR Initiatives
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Corporate Social Responsibility (CSR) Committee

The CSR Committee of the Company is authorized to undertake the following activities:

  1. Formulate and recommend to the Board a Corporate Social Responsibility Policy indicating the activities/projects to be undertaken by the Company, including activities specified in Schedule VII of the Companies Act, 2013.
  2. Recommend the amount of expenditure to be incurred on the activities referred to in the Policy.
  3. Institute and implement a transparent monitoring mechanism for the Projects and other programs/activities undertaken by the Company.
  4. Monitor the Policy from time to time.

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.

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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:

  1. Eradicating hunger, poverty, and malnutrition; promoting health care including preventive health care and 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, daycare centers, and 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 the quality of soil, air, and water.
  5. Protection of national heritage, art, and culture including restoration of buildings and sites of historical importance and works of art; and setting up public libraries.
  6. Measures for the benefit of armed forces veterans, war widows, and their dependents.
  7. Rural Development Projects.
  8. Such other matters as may be prescribed from time to time by the Government of India.

Activities Not to be Taken Up Under CSR Programme

  1. The CSR projects or programs or activities that benefit only the employees of the company and/or their respective families.
  2. Contribution of any amount directly or indirectly to any political party under section 182 of the Act.

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.