Board of CSR Policy
 
NAME
DESIGNATION STATUS
Sh. PRADEEP SAINI
CHAIRMAN MANAGING DIRECTOR
Sh. HARIKRISHAN SAINI
MEMBER DIRECTOR
Sh. SUSHIL KUMAR SADANA
CO-ORDINATOR CFO
Sh. R.K.CHOPRA
EXECUTIVE MEMBER PERSONNEL MANAGER

SAINSONS PAPER INDUSTRIES PRIVATE LIMITED established in 1989 for the manufacturing of Semi Kraft Paper to the customers as per their requirements. Sainsons is committed to ensure that business is conducted in all respects according to ethical, professional and legal standards thereby enhancing the values of the Company and with an aim of giving back to the Society. As a responsible Company, Sainsons recognizes activities (operations, products and services) have a wider impact and can therefore contribute to, the society in which it operates.

Sainsons consistently strives for opportunities to conduct various activities under Corporate Social Responsibility (hereafter referred to as ‘CSR’) as prescribed under the Companies Act, 2013 and the rules / directions made there under. CSR is about the way in which the Company meet its wider economic, social and environmental obligations towards all stakeholders and society at large. It includes, but is not limited to sustainable development practices, corporate citizenship, corporate governance and business ethics.

CSR Objective
• To identify, create guidelines and mechanism for implementation of programs/projects contributing towards the social welfare of the society.
• To formulate processes and structure for evaluation and monitoring of the said programs/projects and to ensure compliance to the CSR Statement.
• To generate company's goodwill through a consolidated effort of CSR initiatives in India.

Our Spends on CSR

As per the guidelines, Sainsons shall strive to spend in every Financial Year; at least 2% of average net profits (made during 3 immediately preceding FYs) are spent in CSR initiatives. Annual CSR budget would be approved by the Board on the recommendation of the CSR Committee, subject to the provisions of the Act and Rules made there under as amended from time to time.

Any unspent/unutilized CSR allocation of a particular year shall be carried forward to the following year, i.e. the CSR budget will be non-lapsable in nature.

CSR expenditure shall include all expenditure including contribution to corpus, for projects or programs relating to CSR activities approved by the Board on the recommendation of Committee, but does not include any expenditure not in conformity or not in line with activities which fall within the purview of Schedule VII of the Act as amended from time to time.

CSR projects or programs or activities undertaken in India shall only be considered as CSR expenditure.

Restrictions of Specific Activities under CSR

CSR projects or programs or activities that benefit employees of Sainsons and their families shall not be undertaken under CSR expenses. Further, contribution of any amount directly or indirectly to any political party under section 182 of the Act, shall not be considered as CSR activity.

CSR Monitoring and Reporting

Sainsons CSR Team shall conduct monitoring visits to ensure effectiveness of the program implementation and delivery. The overall programs shall be reviewed by the Board.

CSR committee shall be responsible for monitoring Sainsons CSR programs and to provide periodic reports to the Board. The progress report of the activities undertaken shall be reported as under:

a) Annual Report of CSR to Board of Directors
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