M/s SAJ Food Products (P) Ltd. is a leading producer of Healthy, Nutritious, Wholesome and Tasty Food Products. Under the brand “BISK FARM” produces Biscuits, Cakes, Cookies, Rusks, Extruded Snacks, Indian Snacks, Wafers, Freshly Baked Savouries, Danishes, Special Cakes, Pastries, Breads and other Confectionery items. As a Corporate entity we feel both the desire and the obligation to be a reliable partner for society and committed to undertake CSR activities in accordance with the provisions of Section 135 of the Companies Act, 2013 and read together with the Companies (Corporate Social Responsibility Policy) Rules, 2014.
CSR Projects and Programmes
The Company shall undertake specific corporate social responsibility (“CSR”) projects and programmes, as approved from time to time by the Board in its capacity as the CSR Committee of the Company, within the following CSR categories:
Activities relating to:-
In accordance with CSR Requirements, the Company shall seek to spend annually 2 per cent of the average net profits of the Company, made during the three immediately preceding financial years, on specific CSR projects and programmes. The Company shall take steps to ensure that any surplus arising out of the Company 's CSR projects and programmes or activities shall be set aside for later use in CSR projects and programmes and in no event shall form part of the Company 's business profits.
Function of Board and CSR Committee
The Company's CSR projects and programmes shall be overseen by a separately designated CSR committee of the Board, provided, however, that so long as the Board consists of two directors, such CSR committee shall consist of both directors (hereinafter, the “Committee”).
The Company's CSR programmes will be identified and implemented according to the Board's approved CSR policy. The CSR Programmes which may be undertaken in accordance with their Objects and administrative and accounting processes laid down in the respective Memorandum and Articles of Association. The Company will enhance its monitoring and evaluation mechanism so as to ensure every programme has:
Monitoring and Reporting
CSR Committee of M/s SAJ Food Products Private Ltd shall monitor the implementation of the CSR Policy through periodic reviews of the activities. The head of CSR Wing will present its annual budget and list of programmes, projects, and activities to the CSR Committee for its approval. The Committee will then after due consideration recommend this to the SAJ Food Products Private Ltd Board for its approval. In compliance with the Act and to ensure funds spent on CSR programmes are creating the desired impact on the ground a comprehensive Monitoring and Reporting framework will be put in place.
Documentation and Reporting
The CSR Committee will prepare the annual CSR report to be filed by the Company on approval of the Board. This report will ensure:
Amendments to the Policy
The Board of Directors on its own and/or as per the recommendations of CSR Committee can amend this Policy, as and when required as deemed fit. Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the Regulations on the subject as may be issued from relevant statutory authorities, from time to time. The decision of the Board of Directors on all matters, relating to this Policy, shall be final and binding upon all concerned. This Policy is subject to continuous review and updates as may be required from time to time.