Corporate Social Responsibility Committee:
The CSR committee was constituted by a resolution passed in the meeting of the Board of Directors dated May 30, 2019, in compliance with section 135 of the Companies Act, 2013.
The terms of reference of CSR Committee shall, inter-alia, include the following:
a. To formulate and recommend to the Board, a CSR policy which shall indicate the activities to be undertaken by the Company as per the Companies Act, 2013;
b. To review and recommend the amount of expenditure to be incurred on the activities to be undertaken by the company;
c. To monitor the CSR policy of the Company from time to time;
d. Any other matter as the CSR 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.
The quorum for the Corporate Social Responsibility Committee meeting shall be one-third of its total strength (any fraction contained in that one-third be rounded off as one) or two members, whichever is higher.
The Company Secretary to the Company shall act as Secretary to the Corporate Social Responsibility Committee.