COMPOSITION OF CSR COMMITTEE

CIN:- U74899DL1990PTC040403

The CSR committee shall consists the following directors:-

NAME OF DIRECTOR                        DIN NO.

  1. Mr. Vinay Chopra                   00400291
  2. Mr. Rajat Chopra                   01049016
  3. Mr. Ankit Chopra                   06930405
ANNEXURE – CORPORATE SOCIAL RESPONSIBILTY
  1. Context:-  Keith Electronics Pvt. Ltd. (‘the Company’/KEITH) 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.
  1. Objectives:-
KEITH’S CSR policy intends to:
  • Strive for economic development the 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, education, environment, communities, health & skill development.
  1. Focus Areas :
In accordance with the requirements under the Companies Act, 2013 KEITH’S  activities, amongst others, will focus on:
  • HUNGER, POVERTY, MALNUTRITION AND HEALTH, Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water, Aiding Health initiative through medical support of the needy and making preventive awareness through camps etc.
  • EDUCATION: Promoting education, including special education and employment-enhancing vocational skills especially among children and the differently abled and livelihood enhancement projects; monetary contributions to academic institutions for establishing endowment funds, chairs, laboratories, etc. with the objective of assisting students in their studies.
  • RURAL DEVELOPMENT PROJECTS strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihood, thereby creating sustainable villages.
  • ENVIRONMENTAL SUSTAINABILITY: Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conversation of natural resources and maintaining the quality of soil, air and water.
  1. UNDERTAKING CSR ACTIVITIES:

KEITH 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.

  1. LOCATION OF THE CSR EFFORTS:

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

  1. GOALS:

Our goals include the following:

S. No.

Goal Area

Actions

1.

Hunger, poverty, malfunction and healthcare

KEITH will work with various non-profit organizations that run mid-day meal programs in schools across India and may establish Kitchens that provide meals to schoolchildren.

KEITH will work with organizations working in medical or health-related projects such as providing support for cancer treatment, cataract surgeries, Dialysis etc.

2.

Education

KEITH will focus on education & shall be on two fronts:

(a) To train students from under privileged background.

(b) Provide grants to various colleges in India for   

      endowment of their infrastructure sponsor chairs and

      create endowment funds for the colleges/universities to 

      assist students with their studies.

3.

Rural Development

We believe that the well-being of people living in rural areas ensures sustainable development. We will work with local administrations to achieve community development goals. We will partner with governments and NGOs and support them in improving infrastructure such as constructing roads, providing drainage systems and electricity, and rehabilitating natural-disaster-affected victims in rural areas.

 

  1. COMPOSTION OF CSR COMMITTEE:

The CSR Committee shall consist of the following Directors:

  • Vinay Chopra
  • Rajat Chopra
  • Ankit Chopra

 

  1. RESPONSBILITIES OF THE COMMITTEE:

The responsibilities of the CSR Committee include:

  • Formulating and recommending to the Board of the Directors the CSR Policy and indicating activities to be undertaken.
  • Recommending the amount of expenditure for the CSR activities.
  1. Average net profit of the Company for the last three financial Years.

Computation for the Average Profits of the Company for the last three Financial Year is as under:

Net Profit before Tax for the F.Y.

Year Ended

 

March 31, 2024

March 31, 2023

2022-23

49467299

 

2021-22

40526336

40526336

2020-21

46408902

46408902

2019-20

 

58423774

Total

          136402537.00

          145359012.00

Average Net Profits

            45467512.00

            48453004.00

 

  1. Prescribed CSR Expenditure (two percent (2%) of the amount as in item 9 above ) 969060.00 provided for the Financial Year 2021-22 and Rs. 909350.00. for the Financial Year 2022-23.
  2. Details of CSR spent during the financial year.
  3. Total amount spent for the financial year 2021-22 : Rs. 969060.00
  4. Amount : Rs. 11830.00 for financial year 2020-21 out of Rs. 1057487.00.
  5. Total amount of Rs. 909350.00 for the F.Y. 2022-23.
  6. GOVERNANCE:

The administration of the CSR policy of the Company and the execution of identified CSR projects, programs and activities under it shall be carried out under the control and overall supervision of the CSR Committee formed for the purpose.

For smooth functioning of the Committee, the members shall meet as below to discuss such matters and to take such decisions as may be necessary.

  1. The CSR Committee shall hold a minimum number of two meetings in a year.
  2. The members of the Committee may mutually agree between them regarding time and place for the said meetings.
  3. The quorum for the CSR 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.
  4. The manager of the Committee may participate in the meeting either in person or through video conferencing or other audio visual means as may be convenient.

Further, the Board of Directors may revise/amend this CSR Policy based on the recommendations of the CSR committee or to bring the same in line with the guidelines or amendments issued from time to time by Government on the subject.

As per the CSR Rules, the contents of the CSR policy shall be included in the Director’s Report.

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