"To actively contribute to the social and economic development of the communities in which we operate. In doing so, build a better, sustainable way of life for the weaker sections of society and help the country in building a strong foundation.”
Our development activities and focus areas are relief & rehabilitation, healthcare, education, sustainable livelihood, infrastructure and espousing social causes.
The areas in which projects would be chosen are one or several of the following in accordance with Schedule VII of the Companies Act, 2013:
Exotel Techcom Private Limited (‘the Company’) will make contributions by itself or to the approved Implementation Agencies as defined under Rule 4 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 that are constituted for the purpose, to undertake the Corporate Social Responsibility activities which are prescribed in the Companies Act, 2013.
The Board of Directors shall appoint a CSR Committee comprising of atleast two Directors of the Company in accordance with Section 135 of the Companies Act, 2013.
The CSR Committee will make periodic recommendations to the Board on the amount to be spent and on the projects to be undertaken which are in consonance with the activities detailed in Schedule VII of the Companies Act, 2013.
The CSR Committee will determine the Implementation Agencies in charge of the activities that could be undertaken for contribution to be made in the Focus Areas. The Company may also undertake collaboration with other companies for carrying out CSR activities and programs. These Implementation Agencies are responsible for the delivery of welfare activities through the Company’s CSR expenditure.
They will update the CSR Committee on the requirements and the status of the development in each activity undertaken by the Company.. The CSR Committee will continue to monitor the CSR activities and ensure that they do not deviate from the focus area agreed. The CSR Committee will also provide a timely update to the Board on the status of the approved projects.
In respect to any contributions to the Prime Minister Welfare Funds as prescribed in Schedule VII of the Companies Act, 2013, corresponding receipts should be preserved for verification by the Company . Such receipts will have to remain in the custody of the CSR Committee and it will be the responsibility of the CSR Committee to take necessary steps for maintenance of the records.
The amount to be spent for the CSR activity will be as specified by the CSR Committee and approved by the Board of Directors. The amount spent will not be less than 2% of the Average Net Profits of the preceding 3 financial years as required under as calculated as per Section 198 of the Companies Act, 2013 in pursuant to Section 135 of the Companies Act 2013 read with the Companies (Corporate Social Responsibility) Rules, 2014 thereunder. The preference for spending the amount of CSR shall be given prior to activities or programs or projects in the local area and areas around where the Company operates.
The Board will publish the CSR activities and amounts spent vide a Report on the CSR prepared by the CSR Committee as a part of the Director’s Report in the Company’s Annual Report. Further, the CSR policy shall be displayed on the Company’s website.
All the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility) Rules, 2014 thereunder, will be complied with by the Company.
+91-808 8919 888
+91-808 8919 888
+966 135 181 912
