Corporate Social Responsibility Policy
Shree NM Electricals Limited philosophy has always been to practice ethical business and be socially responsible. There is a strong commitment to a wider all-round social progress, as well as to a sustainable development that balances the needs of the present with those of the future
The Company’s social vision has been enshrined in the three E’s which have become the Guiding Principles of our CSR initiatives - Education, Empowerment and Environment & Health. A number of projects have been taken up that aim towards development of the poor and downtrodden.
Our Board of Directors, our Management and all of our employees subscribe to the above philosophy. We believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone.
Our Corporate Social Responsibility policy conforms to the Companies Act 2013. All activities are as prescribed by Schedule VII to the Act.
The above CSR activities do not include the activities undertaken in pursuance of normal course of business of the Company. Further, the surplus, if any, arising out of the CSR projects or programs or activities will not form part of the business profit of the Company.
Company Contribution:
The Company shall contribute at least 2% of the average net profits of the
Company made during the three immediately preceding financial years for
the CSR activities to be undertaken with preference to the local areas
around where the company operates.
Monitoring Mechanism:
The Company shall review the CSR project-wise or program-wise
expenditure incurred. The Company shall consider report giving details of
the project wise or program wise CSR eligible expenditure incurred by the
company to ensure that the contribution made by the Company is being
incurred on the eligible CSR activities as specified under Schedule VII to the
Companies Act, 2013.
For any enquiries related to the company’s CSR initiatives please contact: mahendrapallan@shreenm.com
