As part of CSR activities, we have planted 300 saplings at catchment area of Arahalli Guddadahalli Village Lake near our new factory site at Obadenahalli Industrial area, Doddaballapur. Dated on 02-08-2018. The main objective of this initiative is to give contribution to the environment and conserve soil erosion. Provide shelter to the birds and after growth of the trees will produce the fruits which will food to the birds and small creatures of the nature.
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Ajax Engineering Private Limited (“AJAX”) Corporate Social Responsibility (CSR) comprises self-regulatory measures inducted and integrated in the business strategy of the organisation for the common benefit of the societies and the communities in which it operates. The Company conducts its business in a socially responsible and ethical manner. This Policy lays down the mechanism for undertaking socially beneficial programmes for sustainable development of the community at large.
Internal CSR activities of the Company focuses on creating and adding economic, social environment value to the society. Through its internal CSR activities the Company intends create value by supplying innovative products and services for maximum customer satisfaction.
The members of CSR Committee shall comprise of three directors to be nominated by the Board of Directors (“Board”). The Committee will meet once in a year or time to time as deemed necessary to monitor the CSR Policy and recommend the CSR activities to be undertaken along with the amount of expenditure to be incurred on CSR activities. Quorum of two members is required to be present for the proceedings to take place.
The CSR activities needs to be carried out in India, preference shall be given to local areas and around where Ajax has its operations.
The CSR activities could be undertaken out of a part of net profit. The yearly qualifying expenditure should not be less than two percent of Average Net profit of the Company for last three financial years.
However if the company is not able to spend such amount towards CSR, the board shall in its report, specify the reasons for not spending the amount.
1. Health care and welfare activities
2. Education sector and sustainable livelihood
3. Women and Child development and rehabilitation of disabled persons
4. Protection and safeguard of Environment
5. Social and Cultural Development
6. 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 welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
7. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
8. Rural development projects
9. Slum area developments
10.Disaster Management including relief, rehabilitation and reconstruction activities.
CSR Projects or activities shall be implemented by the specialized agencies and/or by various work-centres of the Company and/or by a duly constituted trust set up by the company as may be decided by the CSR Committee or Board from time to time. Further, the activities planned for the year may also identify the period/time frame in which these are likely to be taken up and will be completed etc. and further, for carrying the CSR project/activities in a particular year estimated outlay for that year may also be prepared.
The detailed working on implementation of project/activities will be prepared by the Committee on timely basis. The Committee may further add its remark and recommendations to its report. The Report may include deviations, if any from the planned project along with the reasons.
The Board shall have power to modify the Policy.