The Company's philosophy on Corporate Social Responsibility (CSR) is that "as the organisation grows, the society and community around it should also grow".
The Company's vision is to contribute to the social and economic development of the communities in which it operates, resulting in building a better and sustainable way of life for the society at large.
Pursuant to Section 135 of the Companies Act, 2013 (hereinafter referred to as "the said act") read with Companies (Corporate Social Responsibility) Rules, 2014, the company is required to formulate a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII of the said act and the expenditure to be incurred thereon, excluding activities undertaken in pursuance of normal course of business of a company. The company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities. CSR activities do not include the activities undertaken in pursuance of normal course of business of the company. The surplus arising out of the CSR projects or programs or activities, if any, shall not form part of the business profit of a company
This Corporate Social Responsibility policy (CSR Policy) shall apply to all CSR initiatives and activities taken up at various factories and other locations of Future Gaming and Hotel Services Private Limited, for the benefit of different segments of society.
The objective of the CSR Policy is to
AREAS OF INITIATIVES
Over the years the Company or Group has been involved in a number of community-focused activities, in the areas of health, education and preservation of the country's rich culture and heritage. Continuing the tradition, it is recommended that the Company may focus primarily on the following activities to be referred to as "CSR activities":
It shall be the endeavour of the Company to spend in every financial year at least 2% of the average net profits of the Company made during the three immediately preceding financial years for its CSR activities.
The CSR activities may be undertaken either directly by the Company or through a registered trust or a registered society or a company established by the Company or its subsidiary or associate company or through any other trust, society or company which shall have an established track record of 3 years in undertaking similar programmes or projects.
The Company may also collaborate with other companies for undertaking projects or programmes or CSR activities in such a manner that the CSR committees of respective companies are in a position to report separately on such projects or programmes.
The projects or programmes undertaken under the CSR Policy shall be monitored by the CSR Committee on a periodical basis.
The surplus arising out of CSR projects or programmes or activities shall not form part of the business profits of the Company.
The CSR expenditure shall include all expenditure including contribution to corpus, for projects or programmes relating to CSR activities.