It is the Company’s intent to continuously improve its social responsibilities as a good corporate citizen, to make positive impact on the society. The Company recognizes that if there are choices must be made, there will always be a bias toward doing fewer projects with greater impact and focusing initiatives on communities in which the Company lives and operates.
The main objectives of the Company’s CSR policy is to lay down guidelines for sustainable development, to serve the socially and economically weak and underprivileged sectors of society, and to operate and grow its business in a socially responsible way with a vision toward being an environmental-friendly corporate citizen.
The CSR activities will be carried out directly or indirectly at the Registered Office, in and around the areas in which the Company has projects, and at its subsidiaries and associates. However, this shall not bar the Company from pursuing its CSR activities in any other areas.
The Corporate Social Responsibility Committee will recommend the level of expenditures to be incurred on CSR activities and will monitor and modify the CSR policy of the Company as required from time to time. The Corporate Social responsibility Committee shall institute a transparent monitoring mechanism for implementation of CSR projects or activities undertaken by the Company.
The Board of Directors of Techonk Technologies Limited shall monitor and ensure that appropriate CSR activities are undertaken by the Company.
The Company shall include a separate disclosure in its Annual Report on the implementation of CSR Activities and the amounts spent on them.
The above guidelines form the framework around which CSR activities will be undertaken. The Company will review the policy from time to time and make suitable modifications, as may be necessary.