CSR POLICY
BROTHERS CREATION HARDWARE PRIVATE LIMITED

  
 
     
 

INTRODUCTION

Brothers Creation Hardware Private Limited (BCHPL) was incorporated on 1st July, 2013, with the main objective of manufacturing, importing, exporting, distributing, dealing, consigning, selling, buying, reselling, transporting, stocking and to act as agents, sub-agents, brokers, suppliers, indentors or otherwise to deal in handles, ball bearing channels, hinges and hardware products and to deal in all types of hardware items, to do all incidental acts & things necessary for the attainment of the foregoing objects.

We, at BCHPL believe in 4 core essentials of Corporate Social Responsibility – sustainability of environment, ethical functioning, charitable support and care for stakeholders. Our governance systems are underpinned by ethics, transparency, accountability and non-indulgence in unfair practices. The Company has a long history of offering charity to welfare centres and education trusts etc. We also them workplaces that are safe, hygienic and humane with access to training and development of skills. We believe in being responsive towards all stakeholders, including shareholders, employees, customers, suppliers, project affected people and the society at large. We create value for all of them.

To streamline the assessment & screening procedure, bring clarity among executing link of CSR, to increase the level of involvement through dedicated work force for CSR activities in all levels of operation and comply with the directives of Companies Act, 2013, BCHPL desires to formulate comprehensive Corporate Social Responsibility policy.

The Policy will provide an institutional framework to establish an efficient and effective platform to perform CSR activities. It will ascertain roles & responsibility, budget provision, disclosures, etc.

This policy shall apply to all CSR initiatives and activities taken up by BCHPL for the benefit of different segments of the society, specifically the deprived, under privileged and differently-abled people. This policy is framed under Section 135 of the Companies Act, 2013.

  
     
 

I. OBJECTIVES:

The objectives of BCHPL’s CSR policy are:
  • to directly or indirectly take up programs that benefit communities in general, over a period of time in enhancing the quality of life & economic well-being of the local populace.
  • to directly or indirectly indulge in helping the poor to get education and medical reliefs, promoting health and well-being.
  • any other activity falling within the scope of Schedule VII of the Companies Act, 2013 which will enable BCHPL to achieve its CSR objectives.
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    II. CSR ACTIVITIES (Funding & Allocation)

    Addressing identified needs of the underprivileged through initiatives directed towards
  • improving livelihood,
  • alleviating poverty,
  • promoting education,
  • empowerment through vocational skills and
  • promoting health and well-being.
    • Preserve, protect and promote art, culture and heritage
  • promoting India’s art, culture and heritage,
  • conducting promotional and developmental activities / programs.
    • Ensuring environmental sustainability, ecological balance and protection of flora and fauna
  • conducting activities which promote biodiversity,
  • conducting activities which promote ecological sustainability.
  • any other activity falling within the scope of Schedule VII of the Companies Act, 2013 which would enable the Company to achieve its CSR objectives.
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    III. BUDGET PROVISION

    CSR Committee shall meet during each year and review, recommend the allocation of funds for CSR activities / programs in terms of the provisions of the Companies Act, 2013 (including its amendments from time to time) for approval of the Board.

    		 
     
         
     

    IV. IMPLEMENTATION

    CSR programs will be undertaken by BCHPL to the best possible extent within the permissible activities under the Companies Act, 2013 or its amendments from time to time.

    CSR activities may be done directly by the Company or through a registered trust or a registered Society/ NGO or Government Department or Government undertaking or any other implementing agency approved by the Board from time to time.

    Identification of programs will be done by means of the following:
  • proposal recommended by CSR Committee and approved by the Board of Directors of BCHPL.
  • request of local representatives / civic bodies / citizen’s forums / voluntary organizations / Government Societies or Samities.

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    V. MONITORING, FEEDBACK AND DISCLOSURE

  • To ensure effective implementation of the CSR programs undertaken, a monitoring mechanism will be put in place by Board.
  • The CSR Committee will conduct impact studies on a periodic basis, to be conducted by peer body, especially on the strategic and high value programs.
  • Such Impact Studies will obtain feedback from beneficiaries about the programs on which the funds of the Corporation have been spent.
  • CSR Committee may inspect CSR activities/asset/initiatives with approval of the Board.
  • Appropriate documentation of BCHPL CSR Policy, annual CSR activities, executing partners, and expenditure entailed, will be undertaken on a regular basis.
  • CSR initiatives of the Company will also be reported in the Annual Report of the Company.
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    GENERAL

  • In case of any doubt with regard to any provision of the policy and, also in respect of matters not covered herein, a reference to be made to the Board. In all such matters, the interpretation & decision of the Board shall be final.
  • Amendments to the CSR Policy - The Board of Directors of the Company shall have the powers to revise/modify/amend this Policy from time to time, as the Board may think fit, based on the recommendations to be made by the CSR Committee to confirm to the revision/amendment, if any, to be made to the CSR Rules by the MCA, under the Act.
  • The Company reserves the right to modify, cancel, add, or amend any conditions or terms of this policy with the approval of Board of Directors.


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    CSR COMMITTEE

    		  
     

    Our CSR Committee members include:

    Mr. Darshan Jasvant Doshi - Chairperson and Director
    Mr. Bharat Khubilalji Dhakad - Member, Executive Director
    Mr. Nilesh Sampatlal Kothari - Member, Executive Director