1. Policy Statement

Ferro Concrete Construction India(Pvt) Limited believes that Corporate Social Responsibility (“CSR”) extends beyond the ambit of business and should focus on a broad portfolio of assets - human, physical, environmental and social.
This Policy is framed pursuant to the provisions of Section 135 of the Companies Act, 2013.

2. CSR Vision

Promote sustainable and inclusive development as a responsible corporate citizen.

3. CSR Objective

Promote comprehensive and integrated development through social and economic transformation.

4. Core CSR Commitments (Programs / Activities)

Addressing identified needs of the underprivileged through initiatives directed toward so improving livelihood,

Alleviating poverty.
Promoting education
Empowerment through vocational skills and promoting health and well-being
Preserve, protect and promote art, culture and heritage promoting India’s art, culture and heritage,
Ensuring environmental sustainability, ecological balance and protection of flora and fauna.
Water Conservation and conducting activities that promote ecological sustainability.
Any other activity falling within the scope of Schedule VII of the Companies Act, 2013 would enable the company to achieve its CSR objectives.
The CSR programs/activities of the Company, as above, are related / will relate to the activities included in Schedule VII of the Companies Act, 2013.

5. CSR Governance and Implementation

The Company would be carrying on its CSR programs either directly or through donations to various NGO’s and other organisations.
Ferro Concrete Constructions India(pvt) Ltd. focuses on these core pillars - Rural Transformation, Education, Health, Urban Renewal and Arts, Culture & Heritage.

6. Monitoring of CSR Activities

The CSR Committee of the Company is the same as the Board of Directors of the Company, will take decisions regarding the amount of expenditure to be incurred on CSR programs/activities, monitor the CSR Policy of the Company and review its implementation too.

7. Corporate Social Responsibility Committee (CSR Committee)

The Board of Directors would be the members of the CSR Committee, would formulate and recommend the draft CSR Policy and also approve the same.
The Committee would approve and adopt any changes in the CSR Policy subject
to prevailing provisions of laws in this regard. The Board is
responsible for decision making with respect to the CSR Policy.
The Committee will meet as appropriate to review and monitor the
implementation of CSR programs /activities of the Company.

8. Budget

The Board shall ensure that a minimum of 2% of the average net profits of the company of the last 3 years is spent on the CSR programs/activities of the company.
In the case where at least 2% of the average net profits of the company of the last 3 years are not spent in a financial year, reasons for the same shall be specified in the board’s report.
All expenditure towards the CSR programs/activities will be diligently documented.
Any surplus generated out of the CSR programs/activities of the company will not be added to the normal business profits of the company.

9. Activities Undertaken under CSR

Upgradation work at Kadwali Bujurg Middle School (2019)
Contribution for tree plantation work to SCIENTECH ECO FOUNDATION(2019, 2020)
Tree Plantation at Kadwali Bujurg(2019)
Contribution for appraisal of art and culture to GAUTAM KALE SANGEET GURUKUL SAMITI (2020, 2021).
Contribution to INDORE CANCER FOUNDATION CHARITABLE TRUST for installation of new machine for cancer treatment(2020)
Contribution to ALWAYS HAPPY HELPING HANDS EDUCATION AND SOCIAL WELFARE SOCIETY, for empowerment of rural women through vocational training(2020)
Contribution towards promoting civil engineering to S.G.S.I.T.S(INDORE)(2020).
Amount contributed to FRIENDS OF TRIBALS SOCIETY towards appraisal of tribal children education.(2020)
Contribution to SHIVGANGA SAMAGRA GRAMVIKAS PARISHAD for water conservation in the tribal belt.
Contribution to TIRUPATI CEMENT PRODUCT (2019).
Contribution towards installation of Medical Oxygen Plant by Indore administration for Covid Care center at Radhaswami Satsang Bais through INDIAN RED CROSS SOCIETY. (2021)
Contribution to CITIZEN COP FOUNDATION.

CSR INITIATIVES BY FERRO CONCRETE CONSTRUCTION (I) PVT. LTD.