1. PREAMBLE

Corporate Social Responsibility Policy has been developed in accordance with section 135 of the Companies Act 2013 and the Companies (Corporate social Responsibility) Rules, 2014 as notified by the Ministry of Corporate Affairs, Government of India.

2. INTRODUCTION

• Lakeland Gloves and Safety Apparel Private Limited, (herein after referred to as “The Company”) is a Private Company engaged in the manufacturing of Safety Apparels and trading of items related to body protection like, Head Protection, Ear Protection, Eye Protection, Hand Protection, Chemical Protection, Fire Protection, Dust Protection etc. since last 15 Years.
• Our commitments towards Corporate Social Responsibility include but not limited to, promotion of education and healthcare, energy and climate change and betterment of the society through respect for universal human rights and the environment, acting with integrity and accountability and operating responsibly and sustainably.

3. AREAS OF CSR ACTIVITIES

The Company targets growth of all stakeholders under the following categories mentioned in schedule VII of the Companies Act, 2013 as under:

• Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swatch Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
• Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
• 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.
• 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 set-up by the central government for rejuvenation of river ganga.
• 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 art and handicrafts.
• Measures for the benefit of armed forces veterans, war widows and their dependents, central armed police forces (CAPF) and central paramilitary forces (CPMF) veterans, and their dependents including widows.
• Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports.
• contribution to the prime minister’s national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)] or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women.
• (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and

(b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Défense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).

• Rural development projects.
• Slum area development.
• Disaster management, including relief, rehabilitation and reconstruction activities.

4. ALLOCATION OF FUNDS

For achieving CSR objectives, the Company shall allocate 2% of the average net profits of last three years of the company as per its financial statements prepared in accordance with the applicable provisions of the Companies Act, 2013 towards the CSR activities as mentioned above.

5. ROLES & RESPONSIBILITIES

Pursuant to the Section -135 (9) the requirement for constitution of the Corporate Social Responsibility Committee is not applicable and the functions of such Committee provided under this section shall, in such cases, be discharged by the Board of Directors. The Board shall be responsible for:

1. Formulating and updating of CSR Policy
2. Formulating an Annual Action Plan

• Regular monitoring of implementation of CSR policy

1. Identifying key initiative pursuant to the CSR policy
2. Recommending CSR expenditure to be incurred
3. Recommending modifications to CSR policy as and when required.

6. IMPLEMENTATION

To implement the Company’s CSR objectives, the Company will specify the CSR Programmes which may be undertaken by Section 8 Companies/NGOs  in accordance with their Objects and administrative and accounting process laid down in the respective Deeds/Byelaws/Memorandum and Articles of Association.

 

7. GOVERNANCE

1. Every year, the Board will place, a CSR Plan discribing the CSR Programmes to be carried out during the financial year and the specified budgets thereof. The Board will consider and approve the CSR Plan.

2. The persons/bodies to which the implementation is assigned will carry out such CSR Programmes as determined by the Board within the specified budget and timeframes and report back to the Board on the progress thereon at such frequency as the Board may direct.

3. The Board shall review the implementation of the CSR Programmes on regular basis and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR Programmes in accordance with this Policy.

8. DISCLOSURE IN THE REPORT OF BOARD OF DIRECTORS

As required by the provisions of the Companies Act and Rules made thereunder, required particulars of the CSR activities shall be disclosed in the Report of the Board of Directors of the company.

9. POLICY DOCUMENTS TO BE REFERRED FOR IMPLEMENATION OF CSR ACTIVITIES

• CSR policy of Lakeland Gloves and Safety Apparel Private Limited.
• Provisions of Companies Act, 2013 relating to CSR and Companies (CSR) Rules, 2014.
• Any subsequent amendments/ revision/ addendum to the aforesaid acts and rules issued by the Ministry of Corporate Affairs, Government of India.