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Corporate Social Responsibility

  1. Preamble
  2. Objectives
  3. CSR Committee
  4. Focus areas and activities to be undertaken
  5. Funding
  6. Implementation and Monitoring
  7. CSR Report
  8. Changes/ Modification
  9. Contact



Preamble

VVDN Technologies Private Limited was incorporated in 2007 (hereinafter referred to as ‘Company’). The Company’s business is of all kinds of consultancy related to Information Technology, Information Technology Enabled Services (ITES), Information Security, Network/ Systems Management/ Testing, Data Capturing/ Conversion/ Digitization, Software Development/ Testing and manufacturing, buying, selling, altering, improving, importing or exporting or otherwise deal in all kinds of electronics.

VVDN Technologies Private Limited has always been sensitive towards the society, workers & other stakeholders and has been contributing towards Corporate Social Responsibility (CSR) in its own manner. While striving to deliver excellence in our business the Company also believes in contributing to the sustainable development of society and environment and make our planet a better place for coming generations. The Company has now decided to formulate its CSR policy.

Objectives

The main objective of CSR Policy is to lay down guidelines for undertaking CSR initiatives in accordance with Section 135 of the Companies Act, 2013 and applicable rules made thereunder, for making sustainable growth along with sustainable development of society. The Company will act as a good Corporate Citizen, subscribing to the Global standards. It would also aim to minimize social risks associated with operations of the project site through the policies described in the document.

CSR Committee

The CSR Committee shall consist of following Directors

  • Mr. Bhupender SaharanMember
  • Mr. Vivek BansalMember
  • Mr. Puneet AgarwalMember

The responsibilities committee was entrusted with includes the following tasks.

  • Formulate and recommend to the Board the CSR Policy which shall indicate the activities to be undertaken by the company.
  • Recommend the amount of expenditure to be incurred on CSR activities
  • Monitor the CSR activities of the company time to time

Focus areas and Activities to be undertaken

The Company shall undertake CSR activities in following areas:

  • Eradicating hunger and poverty and malnutrition, promoting health care including preventive health care and sanitation, ("including contribution to the Sawch Bharat Kosh set-up by the Central Government for the promotion of sanitation") and making available safe drinking water
  • Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects. Improving infrastructure of schools or educational institutions
  • Promoting gender equality and empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups
  • 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")
  • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and work of art; setting up public libraries; promotion and development of traditional arts and handicrafts
  • Measures for the benefit of armed forces veterans, war widows and their dependents
  • Training to promote rural sports, nationally recognize sports, paralympic sports and Olympic sports
  • 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 funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women
  • Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government
  • Rural development projects
  • Slum area development

On recommendation of the CSR committee the Company may undertake these activities directly or through NGO/charitable/non-profit organizations.

Funding

In line with the provisions of section 135 of the Companies Act, 2013 read with applicable rules, on recommendation of CSR committee the Board shall allocate at least 2% of the average net profit of the Company made during the three immediately preceding financial years, for CSR budget for each financial year. In case the Company is unable to spend the budget amount, the same shall be spent in the subsequent years.

Implementation and Monitoring

In line with the guidelines framed by CSR Committee shall assess the various CSR activities proposed to be undertaken. The CSR committee shall regularly overview the status of CSR activities and recommend improvement measures to be taken.

CSR Report

In terms of the requirement of section 135 of the Companies Act, 2013 and applicable rules made there under CSR Report shall be prepared on annual basis as prescribed there under and shall be annexed with the Annual Report of the Company. CSR Committee shall also submit a responsibility statement that CSR policy has been followed in letter and spirit in compliance with CSR Objectives.

Changes/ Modification

Changes in CSR Policy can be made on the recommendation of CSR Committee by the Board of the Company. Updated CSR Policy shall be placed on website and informed to all concerned.

Contact

For queries related to the CSR Policy write to us at finance@vvdntech.com