Corporate Social Responsibility

At Ralson, Corporate Social Responsibility is an integral part of our Vision and Mission. As a responsible business corporation, Ralson takes great pride in giving back to the Community and the Nation. With our CSR initiatives we aim to provide maximum benefits to the society we serve in.

MODALITIES OF EXECUTION

a) The Board has constituted a Corporate Social Responsibility Committee comprising of the following Directors:
  • Shri Sanjeev Pahwa, as Chairman of the Committee
  • Smt. Rachna Pahwa, as Member of the Committee
  • Dr. M. A. Zahir, as Member of the Committee
  • Shri Darshan Lal Sharma, as Member of the Committee
b) The CSR Committee shall decide the amount of expenditure to be incurred by the Company on each project in a financial year on the activities mentioned in this CSR Policy. c) The Company may carry out the activities directly or through a registered trust, registered society or a company registered under Section 8 of the Companies Act, 2013. d) If such trust, society or company is not established by the Company, it may collaborate with other registered societies, trusts, Companies registered under Section 8 of the Companies Act, 2013 etc. for carrying out CSR activities provided that such societies, trusts, Companies shall have an established track record of three years in undertaking similar programmes or projects.

IMPLEMENTATION SCHEDULE

The CSR Committee constituted for the purpose will recommend allocation of funds for various projects from time to time. The immediate focus of the Company is promotion of education for FY 2014-15 and onwards. The project will be implemented through supporting / sponsoring education.

It also includes aiding schools situated nearby manufacturing units of the Company including supply of computers to the school, scholarships, giving grants for construction of school buildings etc. These initiatives are to be taken primarily in the vicinity of Company's operations with a view to ensuring their long-term sustainability.

The Company will also consider contributing portion of CSR corpus to Prime Minister’s relief fund for FY 2014-15 and onwards.

MONITORING MECHANISM

The CSR Committee will periodically review the implementation of projects approved, utilization of funds released to designated agencies to ensure compliance and efficient utilization of the funds for achieving the intended objectives.

The Board shall ensure spending of allocated amount on CSR activities and report the status in its annual report, also specify the reasons of not spending of the allocated amount, if any.

DISCLOSURES

The Board’s Report shall include details of CSR such as members of the committee, CSR policy, projects on which CSR shall be spent, average profits for last three years, in case company fails to spend the prescribed amount - reasons for such failure etc.