This policy shall be applicable to D’décor Home Fabrics Private Limited with effect from 05.10.2021.

The Company will undertake CSR activities as specified in the Schedule VII to the Companies Act, 2013(as amended from time to time). The Following are the activities currently specified under Schedule VII:

1. eradicating hunger, poverty, and malnutrition, promoting 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, 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 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 arts 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 widows;
7. training to promote rural sports, nationally recognized sports, paralympic sports and Olympic sports;
8. contribution to the Prime Minister's National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) 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;
9. 1. 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
   2. 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 Organisation (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)contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
10. rural development projects;
11. slum area development;
12. disaster management, including relief, rehabilitation, and reconstruction activities.

 

The Board of Directors of the Company shall ensure that the composition of the CSR Committee, and CSR Policy and Projects approved by the Board are mandatorily disclosed on their website, for public access.

1. Mr. Ajay Arora - Chairman
2. Mr. Shripad Talwalkar - Member
3. Mr. V. K. Arora - Member

1. formulating the CSR policy in compliance to Section 135 of the Companies Act 2013
2. identifying activities to be undertaken as per Schedule VII of the Companies Act 2013
3. recommending to Board the CSR expenditure to be incurred
4. recommending to Board, modifications to the CSR policy as and when required.
5. regularly monitoring the implementation of the CSR policy

The Board will ensure that the activities included in the CSR policy are undertaken by the Company and ensure that the Company spends, in every financial year at least two percent of the average net profits of the Company made during three immediately preceding financial years and ensure that the Company gives preference to the local area and areas around it where it operates, for spending the amount earmarked for CSR activities. In case the Company fails to spend such an amount, the Board’s report shall specify the reasons for not spending the amount.

A formal process of approving plans & projects that the Company will support will be put into place with each project being vetted by the D'Décor CSR Committee for each year.

In order to ensure transparency and communication with all stakeholders, the D'Decor CSR Committee will document the details of the Company’s CSR initiatives and CSR expenditure and ensure that the same are available in the public domain i.e. the Directors’ Report of the Company’s Annual report and on the Company’swebsite.

Any modifications/changes in this policy shall be made only after the approval of the Board of Directors of the Company on the basis of recommendation made by the CSR Committee.

In accordance with the requirements under the Companies Act, 2013 and the rules/regulations framed there under and circulars/clarifications issued thereunder (collectively, “Applicable Law”), the Company’s CSR activities, amongst others, will focus on:

Sr. No.	Focus area	Implementation strategy
1	Education: Promoting education, including special education and employment-enhancing vocational skills, especially among children, women, the elderly and the differently abled, and livelihood enhancement projects; monetary contributions to academic institutions for establishing endowment funds, chairs, laboratories, etc., with the objective of assisting students in their studies, this also includes skilling and reskilling initiatives for those who are in need.	Directly or through implementation agencies, non-profit organizations, primary, secondary and higher educational institutions including schools, colleges, and universities to encourage efforts in a wide range of areas including training, provision of funding for continued education, skilling and re-skilling initiatives, offline and online education, research, infrastructure development and capacity building.
2	Healthcare:	Directly or Work with medical and health related organizations for projects in preventive healthcare, short term and longterm care and treatments.

The Company has a well-defined and robust governance structure to oversee the implementation of the CSR Policy, in compliance with the requirements of Section 135 of the Companies Act, 2013.

 

Board-level CSR Committee –

The Board level Corporate Social Responsibility Committee (CSR Committee) of the Company shall be responsible for monitoring the CSR Policy from time to time. The CSR Committee shall approve and recommend to the Board, the projects or programmes to be undertaken, the modalities of execution and implementation schedule from time to time. The Company has constituted a CSR Committee of the Board consisting of 3 Directors.

 

The Board level Corporate Social Responsibility Committee (CSR Committee) of the Company shall be responsible for formulating and recommending to the Board the CSR policy and a CSR annual action plan in pursuance of its CSR policy. The CSR Committee reports to the Company’s Board of Directors.

 

The CSR annual action plan shall include the following:-

1. the list of CSR projects or programmes that are approved to be undertaken in areas or subjects specified in Schedule VII of the Act;
2. the manner of execution of such projects or programmes
3. the modalities of utilisation of funds and implementation schedules for the projects or programmes;
4. monitoring and reporting mechanism for the projects or programmes and
5. details of need and impact assessment, if applicable, for the projects undertaken by the Company

The CSR Committee will recommend to the Board any alterations needed in the annual action plan based on reasonable justification.

The implementation schedules, modalities of execution of the projects, the monitoring schedules and audit systems would be decided as per the need and nature of the CSR projects.

 

The Board will ensure that:

• The activities included in the CSR policy are undertaken by the Company
• The Company spends, in every financial year at least two percent of the average net profits of the Company made during three immediately preceding financial years
• The Company gives preference to the local areas around it, where it operates, for spending the amount earmarked for CSR activities.
• The disbursed funds are utilized as per purposes approved by the Board and in the manner certified by the Chief Financial Officer
• The Board's Report of the Company shall include an annual report on CSR as applicable.

 

Further, the Board shall monitor the smooth implementation of ongoing projects within the sanctioned timelines/ year-wise allocations and shall have the authority to make modifications in the ongoing projects to ensure that the projects are implemented within the permissible time limit.