This policy speaks about Dodla Dairy’s intent to support to the rural community through various policy. This policy shall apply at all major mandals and towns of Chittoor & Nellore Dist of Andhra Pradesh initially. This may be extended to the other parts of the Country in the near future for the benefit of society at large.
The main objective of Dodla CSR policy is giving back to the rural society which has helped its business growth and sustenance so far. The area of community development includes Malnutrition & Eradicating hunger, Animal health, Drinking water, Rural Infrastructure facilities, Rural Education/promoting gender equality among rural mass.
Dodla CSR shall extend its services through its sub-committee for fulfillment of its role as a socially responsible corporate. The sub-committee shall initially work in the areas of Chittoor & Nellore districts on various social welfare programmes and take active part to resolve the issues. Also, the employees of Dodla Dairy are encouraged to participate and involve in the welfare programmes when the said CSR activities are happening near to their operational locations / units.
The above list is illustrative and not exhaustive. The CSR committee of Board of Directors is authorized to consider other CSR activities which are not included in this list. The activities will be specific to the village depending on the need assessed for the local people. All CSR activities shall be environment friendly and socially acceptable to the local people
For achieving the CSR objectives through implementation of meaningful and sustainable CSR programmes, Dodla shall allocate not less than 2% of its average Net Profit calculated as per Sec-198 of the Companies Act, 2013, as its Annual CSR Budget in each Financial Year.
From the annual CSR Budget allocation, a provision will be made towards the expenditure to be incurred on identified Areas, for undertaking CSR activities on a year on year basis. Allocation of the Annual Budget for CSR activities in any given year shall be as per the provisions of the Companies Act 2014 and rules made thereof as amended from time to time. Any unspent/unutilized CSR allocation of a particular year, will be carried forward to the next year, i.e., the CSR budget will be non-lapsable in nature.
CSR programmes shall be undertaken by various units of Dodla to the best possible extent within the defined ambit of the identified "Thrust Areas". Project activities identified under CSR are to be implemented by specialized agencies, which could include (Sri Dodla Subba Reddy Private Charities Trust or new trust ), Voluntary Organizations (NGO’s), Recognized Institutes/Academic Institutions, Trusts, Self Help Groups, Mahila Mandals, Professional Consultancies etc.
The time period over which a particular programme will be spread, will depend on its nature, extent of coverage and the intended impact of the given programme.
Programmes which involve considerable financial commitment and are undertaken on atimeframe of 2-10 years, will be considered as 'flagship programmes’ and will be given special attention. For CSR projects, the time-frame and periodic milestones should be finalized at the time of approval of the Project.
CSR programmes as identified by unit/corporate office will be required to be put up to the CSR Committee of the Board along with recommendations of the CSR Sub-Committee.
After identifying suitable programmes/ projects, implementation would be done through the following agencies:
In case of programme execution by NGO/Voluntary organization/Trust as mentioned under Sec-8 Company Act 2013, the amount to be spent by the agencies to build the CSR administrative expenses shall not exceed 5% of the total CSR expenditure of the Company in one financial year and the following minimum criteria need to be ensured:
Once the programmes are approved by the CSR Committee it will be communicated to the units and they in turn will be required to enter into an agreement with each of the executing/implementing agency as per the Standard Model Agreement.
To ensure effective implementation of the CSR programmes undertaken at each unit, a monitoring mechanism will be put in place by the corporate using internal team (Regional Offices). The progress of CSR programmes under implementation at unit level will be reported to CSR Sub-Committee on a monthly basis. The CSR Committee of Board of Directors shall review the progress of activities on quarterly basis. CSR Committee will conduct impact studies on a periodic basis, through independent professionals, third parties/ professional institutions, especially on the strategic and high value programmes. Units and regional offices will obtain feedback from beneficiaries about the programmes on quarterly basis. CSR initiatives of the Company will also be reported in the Annual Report of the Company.
In case of any query / suggestions with regard to any provision(s) of the policy, a reference can be made to CSR Committee of Board of Directors. In all such matters, the interpretation & decision of the CSR committee of the Board of Directors shall be final.
Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the guidelines as may be issued by Central Government, from time to time. The Board will review the policy from time to time based on changing needs and aspirations the beneficiaries and make suitable modifications, as may be necessary.