CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

1. INTRODUCTION AND BACKGROUND

 Digital Radio (Mumbai) Broadcasting Limited (“the Company”) is engaged in the business of Radio Broadcasting since 2000.


2. OBJECTIVES


The Company’s CSR Policy aims:
to develop and implement a long-term vision and strategy of CSR initiatives including formulating relevant potential CSR activities, their timely and expeditious implementation and establishing an overview mechanism of the activities undertaken / to be undertaken, in synchronization with the various eligible activities prescribed under Schedule VII of the Act.

strive for economic development that positively impacts the society at large with minimal resource footprint.

 

3. COMPOSITION OF THE CSR COMMITTEE

 

The CSR Committee should have three directors as per Section 135 of the Act. Therefore, the Company’s CSR committee shall presently consist of the following directors:

(a) Mr. Arjun Rao Donakanti

(b) Mr. Kameswara Rao Vemuri

(c) Mr. Kannappan Shanmugam

4. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The Board of Directors of the Company has constituted the CSR committee in its Board Meeting held on 15th September, 2016 in accordance with section 135 of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 and further amendments & enactments thereto. The terms of reference (responsibilities) of the CSR Committee include:

(a) 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) approve CSR activities.

(c) recommend to the Board the amount of expenditure to be incurred on CSR activities to be undertaken by the company.

(d) monitor the CSR policy of the Company from time to time.

(e) monitoring mechanism for the implementation of the CSR projects or programmes or activities undertaken by the company

(f) 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.

5. FOCUS AREA

The scope of the CSR activities of the Company will cover all or some of the areas/ activities/ projects specified in Schedule VII of the Act read with Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules, 2014) as amended from time to time, and as appended to this Policy as Appendix-1.


The said Appendix-1 may be revised in line with any amendments/ inclusions/ exclusions made to Schedule VII of the Act by the Government from time to time.


6. CSR EXPENDITURE

CSR expenditure shall include all expenditure including contribution to corpus for projects or programs related to CSR activities approved by the Board on the recommendation of its CSR Committee but does not include any expenditure on an item not in conformity or not in line with the activities which fall within the purview of Schedule VII of the Act, as amended from time to time. It will include contribution to bona fide charitable and other funds. CSR activities shall not include the activities undertaken in pursuance of normal course of business of the Company.

7. CSR PROJECTS


The approved CSR activities shall be carried out as projects or programs or activities (either new or ongoing) through one or more of the following instrumentalities:

(a) Directly by the Company.

(b) Through such registered trust or registered society or company established by the Company or by its holding or subsidiary or associate company under Section 8 of the Act or otherwise in line with the Rule 4 of the CSR Rules, 2014; as amended.

(c) Through such other company/ companies or body corporate / bodies corporate or entity/ entities or such other mode(s) as may be permissible under the CSR Rules, 2014 from time to time.

(d) Collaboration with other companies (including but not limited to subsidiary companies, affiliate companies and group companies) for undertaking projects/ programs in CSR activities in accordance with Rule 4 of the CSR Rules, 2014.

(e) Through such trusts, societies or companies established under section 8 of the Act which; although have not been established by the Company or by its holding, subsidiary or associate company; have an established track record of 3 years in undertaking similar programs or projects.

(f) Contribution / donation made to such other organizations or institutions or bona fide charitable and other funds, or projects, etc. as may be permitted under the applicable laws from time to time.


8. REPORTING & DISCLOSURES

part from the reporting requirement as mentioned hereinabove in the Policy, following regulatory disclosure requirements also need to be complied in relation to CSR activities of the Company:

 

(a) Composition of the CSR Committee shall be disclosed in the Board Report;

(b) The Board Report shall include an annual report on CSR activities in prescribed format (by Ministry of Corporate Affairs (“MCA”) containing specified particulars i.e. Brief Outline of CSR Policy, its content, the average net profit for the last 3 financial years and the prescribed CSR expenditures etc.;

(c) If the company fails to spend the prescribed amount, the Board shall, in its report specify the reasons for not spending the amount;

(d) The content of Policy shall be displayed on the company's website.

9. EFFECTIVE DATE OF THE POLICY

This policy will come into effect from the date of approval of the same by the Board of the Directors of the Company.
 
 Appendix-1


SCHEDULE VII

(i) eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set up by the Central Government for the promotion of sanitation and making available safe drinking water;

(ii) promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;

(iii) promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;

(iv) ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga;

(v) protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;

(vi) measures for the benefit of armed forces veterans, war widows and their dependents;

(vii) training to promote rural sports, nationally recognised sports, para olympic sports and Olympic sports;

(viii) contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Caste, the Scheduled Tribes, other backward classes, minorities and women;

(ix) contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government

(x) rural development projects.

(xi) slum area development