CSR Policy


We, at Safewater Lines India Private Limited believe that our business is built around strong  social relevance of inclusive growth by supporting the common man in meeting their  financial needs. We equally believe that creation of large societal capital is as important as  wealth creation for our shareholders. As a responsible human organization, we are  committed towards the above objective and are keen on developing a sustainable business  model to ensure and activate our future growth drivers. In line with the regulatory  expectations, we are putting in place a formal policy as a guide towards our social  commitment going forward. 

Keywords & meanings: 

  1. “Act” shall mean the Companies Act 2013, including any modifications, amendments  or re‐enactment thereof.
  2. “Approved Budget” shall mean the total budget as approved by the Board of the  Company upon the recommendation of the CSR Committee, which isto be utilized for  CSR Projects.
  3. “Board” shall mean the Board of Directors of the Company.
  4. “CSR Annual Plan” shall mean the annual plan detailing the CSR expenditure for the  year.
  5. “CSR Committee” shall mean the Corporate Social Responsibility Committee  constituted by the Board of the Company in accordance with the Act.
  6. “CSR Policy” shall mean the present Corporate Social Responsibility Policy of the  Company, which covers the activities to be undertaken by the Company as specified  in Schedule VII to the Act and the CSR Expenditure thereon.
  7. “CSR Projects” or “Projects” means Corporate Social Responsibility projects/activities/  programs/ initiatives, instituted in India, either new or ongoing, and includes, but is  not limited to those undertaken by the Board in pursuance of recommendations of  the CSR Committee as per the declared CSR.
  8. “Financial Year” shall mean the period beginning from 1st April of every year to 31st  March of the succeeding year.
  9. “Net profit” shall mean the net profit as per the Act and Rules based on which the  specific percentage for CSR expenditure has to be calculated.
  10. “Rules” shall mean the Companies (Corporate Social Responsibility) Rules 2014,  including any re‐enactment, modifications or amendments thereof.

Policy Objectives: 

The objective of the CSR Policy (“Policy”) is to lay down the guiding principles in undertaking  various Programs and projects by or on behalf of the company relating to Corporate Social  Responsibility (“CSR”) within the meaning of section 135 of the Companies Act, 2013 read  with Schedule VII of the Act and the CSR Policy Rules 2014. (“Rules”) 

Role of the CSR Committee: 

i) Draft the CSR policy and recommend the same to the Board for approval.

ii) Review and recommend any new CSR initiatives to be taken up by the company.

iii) Review the progress of CSR projects already undertaken by the company and the  utilization of budgets for each such projects. 

iv) Review and recommend the CSR report to be included in the board’s report.

v) Review and recommend any amendments to be made in the CSR policy of the  Company. 

vi) To carry such other functions as may be delegated to it by the board relating to CSR  activities of the company. 

CSR Initiatives: 

In line with Schedule VII of the Act and the CSR Rules, the Company shall undertake CSR  activities included in its Annual CSR Plan, as recommended by the CSR Committee at the  beginning of each year. The Committee is authorized to approve any modification to the  existing Annual CSR Plan or to propose any new program during the financial year under  review. 

CSR Activities: 

1. Promotion of Health care:- 

The company may undertake projects or programs or activities aimed at improving the health  and Hygiene of the socially or economically weaker sections, families in the below poverty  line (BPL) by Providing free or subsidized medicine, clinical laboratory facilities, free or  concessional treatments at Hospitals, provide medical equipment’s,setting up of medical and  diagnostic camps, free medical Insurance for a group of people or familiesin the BPL category,  projects or programs aimed at eradicating poverty or malnutrition of women and children,  pain and palliative care etc.

2. Old Age homes /Day Care facilities for senior Citizens:- 

Company may undertake projects or programs or activities for the protection of elderly citizens by  Establishing, funding or otherwise supporting old age homes and day care facilities including medical  aid, food and accommodation. 

3. Promotion of Education:- 

Company may undertake projects or programs or activities aimed at the promotion of elementary to  professional education and to support the students belonging to weaker sections of the society  including SC/ST/OBCs by way ofsetting up schools, colleges, coaching centers, providing libraries, text  books and other study materials, vocational training centers and centers for physically challenged  students, Providing endowments or other forms of recognitions to successful candidates pursuing  recognized Examinations, scholarships or other forms of merit cum means assistance etc.

4. Empowerment of women:- 

Company may take up and carry on projects, programs or activities aimed at women empowerment  and gender equality. The objective may be achieved through supporting women belonging to socially  or financially weaker sections of the society by providing job oriented training programs with an  objective of making them financially independent. 

Further, the company may take up all or any projects, programs or activities falling under any of the  Activities in the following fields as approved by the board on the recommendation of the CSR  committee. 

i. Ensuring environmental sustainability, ecological balance, protection of flora and fauna,  animal welfare, agro forestry, conservation of natural resources and maintaining quality of  soil, air and water. 

ii. 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. 

iii. Measures for the benefit of armed forces veterans, war widows and theirdependents.

iv. Training to promote rural sports, nationally recognized sports, Paralympics sports and  Olympic sport. 

v. Contribution to 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 andwomen. 

vi. Contributions or funds provided to technology incubators located within academic  institutions which are approved by the Central Government. 

vii. Rural development projects.

Effects of interpretations/ clarifications and amendments on projects/ programs/ activities 

The objective of the policy is to act as a guideline for the company in its endeavor to undertake  socially relevant activities that will result in the overall objective of the company to create societal  capital/assets for the common good and the list of activities shall be interpreted in a manner that will  advance the objective. The policy shall be deemed to have amended or modified to the extent of any  modification/amendments or clarifications issued by the Central Government from time to time in  relation to the CSR obligations of companies and shall be interpreted accordingly. 

Execution of projects/programs 

The company may undertake one or more projects or programs or activities provided in the policy  either as its own or through any implementation agency. It shall be the endeavor of the company to  build up necessary capabilities to implement the CSR projects on its own in the long run. It can also  acquire the services of experts in respective fields by appointing them as consultants in a particular  program or project. Where implementation agencies are appointed for a particular project, the  company shall acquire the necessary skills to run the program on its own within 3‐5 years from its  implementation where it is a continuing program. While engaging a third party agency for  implementing a project or program covered in the CSR policy, the CSR committee shall ensure that  they have credible standing and experience in the respective fields for at least three preceding  financial years. 

Monitoring of CSR Activities 

CSR committee of the company will be responsible for the monitoring of various CSR projects or  programs undertaken by the company directly or indirectly. The committee shall ensure that; 

  1. Company undertakes the CSR activities as provided in the CSR policy 
  2. The projects/ programs are implemented as per the program approved by the board iii. The budget allocated for each ofthe project is utilized forthe projects as perthe approved  plans. 
  3. The objective of the project/program is achieved as per the plans 
  4. Company shall provide necessary resources and human capital for implementation and the  effective monitoring of the CSR projects and programs as may be directed by the CSR  Committee. The services of any external agencies or persons who have experience in the  same or similar projects or programs undertaken or proposed to be undertaken by the  company may also be made available for successful implementation an monitoring of the  project.

Amendment of policy 

The CSR policy of the company may be amended at any time by the board of the company on the  Recommendation of the CSR committee.


On approval of the CSR policy or any amendmentsthereof, the contents of the policy shall be included  in the Boards’ report. 

At the end of each financial year, the CSR committee shall prepare a report of the CSR program in the  prescribed form relating to the financial year and submit to the board for its inclusion in the Board’s  report. 

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