CSR Policy

1. CONTEXT

Penver Products Limited (‘PPL’ or ‘the Company’) has been an early adopter of Corporate Social Responsibility (‘CSR’) initiatives. Along with sustained economic performance, environmental and social stewardship is also a key factor for holistic business growth. The Company’s focus has always been to contribute to the sustainable development of the society and environment, and to make our planet a better place for future generations.

2. OBJECTIVES PPL

CSR Policy intends to:

• Strive for economic development that positively impacts the society at large with minimal resource footprint.
• Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and the society.

3. FOCUS AREAS

In accordance with the requirements under the Companies Act, 2013, PPL CSR activities, amongst others, will focus on:

i. Eradicating hunger, poverty and malnutrition:

• Provision of food, nutrition supplement, clothes etc for the poor, children and other deprived sections of the society.
• Supporting nutrition in anganwadi centres and building capacities of anganwadi workers to this effect.
• Provision of shelter for homeless.
• Promoting sanitation, making available safe drinking water.

i. Eradicating hunger, poverty and malnutrition:

ii. Promoting Health care including Preventive Health care through awareness programmes, health check-ups, provision of medicine & treatment facilities , providing pre natal & post natal healthcare facilities, prevention of female foeticide through awareness creation, program for preventing diseases and building immunity.

iii. Ensuring environmental sustainability and ecological balance through:

• Plantation drives in schools, villages, our manufacturing units & offices/business premises and other areas in general;
• Reviving endangered plants, promoting agro-forestry;  Protection of flora & fauna;
• Conservation of natural resources;
• Maintaining quality of soil, air & water;
• Adoption of wastelands to cultivate plants;
• Promoting biodiversity;
• Animal welfare and veterinary services.
• Technical support and Knowhow for improving farming and building capacities of small farmers.
• Promoting alternate energy resources.

iv. Employment and livelihood enhancing vocational skills and projects including tailoring, beautician, mehandi application, bee keeping, food processing and preservation, vermi-composting and other life skill training and livelihood enhancement projects.

v. Promotion of education especially among children, women, elderly and the differently abled including:

• Non-formal education programmes.
• Supporting schools with infrastructure like benches, toilets, potable water, fans etc.
• Supporting other educational institutions.  Improving educational facilities in general.
• Supporting children for higher education.

vi. Promoting gender equality and empowering women including:

• Adult literacy for women.
• Promoting and providing credit support to women’s self-help and joint liability groups.
• Training in vocations pursued by women.
• Setting up homes for women & orphans;
• Setting up old-age homes & other facilities for senior citizens
• Setting up hostels for working and student women, day care centers for kids of working women.

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

viii. Rural Development Projects

ix. Other Activities:

• Promotion of Sports with special focus on training for rural sports, nationally recognized sports, Paralympic sports, Olympic sports.
• Welfare for differently disabled persons.
• Setting up public libraries.
• Reducing inequalities faced by the socially and economically backward groups.
• Protection of national heritage, art, culture and handicraft; Restoration of Buildings & sites of historical importance & works of art.
• Welfare of armed forces personnel, war widows and their dependants.

x. Incidental Activities.

• • Employing people and incurring other costs to carry out aforesaid activities.

xi. Such other activities as the Board may consider being appropriate.

4. UNDERTAKING CSR ACTIVITIES

PPL will undertake its CSR activities, approved by the CSR Committee. The surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the Company.

5. LOCATION OF CSR EFFORTS

The CSR committee will decide on the locations for CSR activities.

6. GOALS

Our goals include the following:

7. COMPOSITION OF CSR COMMITTEE

The CSR Committee shall consist of the following directors:

a. Dr. Anandavally N – Chairman

b. Mr. Philips Thomas – Member

c. Mr. Vinod Kumar K P – Member

8. RESPONSIBILITIES OF THE COMMITTEE

The responsibilities of the CSR Committee include:

• • • • Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken;
      • Recommending the amount of expenditure for the CSR activities, and
      • Monitoring CSR activities from time to time.
      • Any other matter as the Corporate Social Responsibility Committee may deem appropriate after approval of the Board of Directors or as may be directed by the Board of Directors from time to time.

9. GOVERNANCE

The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the Companies Act, 2013. Foundation or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per defined guidelines Foundation or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis.

10. FUNDING, SELECTION AND MONITORING PROCESS

Foundation or such other entity will receive requests for funding of projects throughout the calendar year. Its panel of experts will evaluate proposals received under the Foundation’s focus areas and projects will be prioritized by assessing their impact. The Foundation or such other entity will then forward its recommendations to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion. PPL representatives and/or Foundation or such other entity will collaborate with stakeholders to monitor the status of each project and will report its findings to the CSR Committee periodically.

11. EFFECTIVE DATE

The original policy was adopted on April 17, 2014 and reconstituted on March 21, 2018.

12. CONTACT

For queries related to the CSR Policy,

please write to us at:

Company Secretary & Compliance Officer
Penver Products Limited
AP 22/610 A and 610 B District Industries Estate Aroor, Kerala – 688534
Tel: +91 478 2832 204
Fax: +91 478 2874 298
Email: cs@penverproducts.com