UCAM CSR Policy and On-going Projects:

Corporate Social Responsibility (CSR) is the commitment of UCAM Private Limited (hereinafter referred to as ‘UCAM’ or ‘the Company’) to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical.

UCAM is committed to undertaking CSR activities in accordance with the provisions of

Section 135 of the Indian Companies Act, 2013 and related Rules. UCAM believes corporate development, to be inclusive has to respond to community UCAM

upliftment and commits itself to contribute to the society in ways possible for the organization.

Aims, Approaches, and Direction of CSR

Aims and Objectives :

  1. To develop a long-term vision and strategy for UCAM ’s CSR objectives.
  2. Establish relevance of potential CSR activities to UCAM ’s core business and create an overview of activities to be undertaken, in line with provisions of the Companies Act, 2013, including amendments and replacements therefore

Approach and Direction:

Social, Societal, and Environmental Responsibility is essential to the success and performance of UCAM. The Company’s CSR approach and direction (CSR) is based on three pillars: caring for people around, collaborating with stakeholders, and controlling the Company’s impact on the environment.

Sectors that we have served

  1. Education: Promoting education, including special education and employment enhancing vocational skills especially among children, women, elderly and the differently abled and livelihood enhancement projects
  2. Promoting Healthcare:eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the ‘Swachh Bharat Kosh’ set up by the Central Government for the promotion of sanitation and making available safe drinking water
  3. Environmental sustainability: 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
  4. Disaster Management: Disaster management including relief, rehabilitation and reconstruction activities

Our Guiding Principles

In undertaking any CSR activities, UCAM shall be guided by the following:

Monitoring our initiatives

Each of the CSR Projects and Programs will have clearly defined output, the progress of which will be reviewed, effectively monitored for the execution of CSR Activities by the CSR Executive Team who shall submit reports on the same to UCAM Directors on a half-yearly basis or as per schedules defined under various projects as appropriate

CSR Committee

So long as UCAM’s annual CSR obligation is less than or up to Rs.50 lakhs, the Company shall not constitute the CSR committee and the Company’s board of directors shall discharge all the functions of the CSR Committee as prescribed under the provisions of the Companies Act, 2013 and the Rules made thereunder.

CSR Executive Team and their duties

The members of the CSR Executive Team are:

Sl. NoDesignation
1Whole Time Director
2Head of Finance
3Head of Human Resource

Duties and Responsibilities of CSR Executive Team shall be as below:

  1. To recommend to The Board of Directors the amount that can be spent on identified projects / acuities
  2. To institute a transparent mechanism for implementation of the CSR projects and activities
  3. Effectively monitor the execution of the CSR activities
  4. To prepare an annual report of the CSR activities undertaken for UCAM and submit such reports to the Board

Responsibilities of our Board members

Responsibilities of the Board of Directors of UCAM shall be as below:

  1. Approve the CSR Policy
  2. Approve the CSR Expenditure on each project, activity or program after taking into consideration the recommendations made by the CSR Executive Team. While approving such expenditure, the Board of Directors should define and indicate the following namely
    1. timeline for completion of each project/activity/ program
    2. year-wise allocation on such each project/activity/program
  3. Ensure the CSR spending every financial year of at least 2% of average net profits made during immediately preceding 3 financial years, in pursuance with the Policy
  4. Ensure that CSR activities included in the CSR Policy are undertaken by UCAM and that such activities are related to the activities specified in Schedule VII of the Companies Act, Monitor the implementation of the ongoing projects which with their timelines and monetary allocation
  5. Ensure disclosure of the contents of the CSR Policy on the website of UCAM
  6. Annual Directors Report of UCAM shall include report on CSR activity undertaken during the year in the format and particulars specified in Annexure II to the Companies (Corporate Social Responsibility Policy) Rules, 2014
  7. The board shall ensure that the administrative overheads shall not exceed five percent of total CSR expenditure of the company for the financial year. The term ‘administrative overheads’ for this paragraph means the expenses incurred by UCAM for general management and administration of CSR functions in the company but shall not include the expenses directly incurred for the designing, implementation, monitoring, and evaluation of a particular CSR project or program.

CSR Expenditure

  1. In every financial year, UCAM shall spend a minimum of 2% of its average Net Profits in the immediately preceding three (3) financial years. Average Net profits shall mean the net profits of the Company as per the Profit and Loss Statement prepared in accordance with the Companies Act, 2013; Net Profits shall exclude (a) profits arising from any overseas branch or branches of UCAM (whether operated as a separate company or otherwise); or (b) dividend received from other companies in India
  2. If UCAM fails to spend the minimum sum as mentioned in paragraph 8.1 above, the Board of Directors shall, in its report made under clause (o) of sub-section (3) of section 134 of the Companies Act and shall specify the reasons for not spending the amount and, unless the unspent amount relates to any Ongoing Project referred to in paragraph 9.3 below, transfer such unspent amount to a Fund specified in Schedule VII, within a period of six months of the expiry of the financial year. However, if UCAM spends any amount in excess of the requirements provided in paragraph 9(1) above, UCAM may set off such excess amount against the requirement to spend such a number of succeeding financial years and in such manner, as may be prescribed.
  3. For the purpose of paragraph 9.2 above, the term “Ongoing Project” has the meaning assigned in Rule 2(1)(i) of the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely an Ongoing Project is a multi-year project undertaken by UCAM in fulfillment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification
  4. CSR Expenditure shall mean all expenditure incurred in respect of specific projects/programs relating to the approved CSR activities
  5. CSR Expenditure shall not include expenditure on an item not in conformity or not in line with activities which fall within the purview of the CSR activities listed in Schedule VII. Similarly, activities undertaken by the Company in pursuance of normal course of business of the company shall not be considered as CSR program or project. Also any direct or indirect contribution to any political party shall not constitute CSR Expenditure
  6. CSR Expenditure shall not include Projects or programs or activities undertaken outside India
  7. The surplus arising out of the CSR activities or projects shall not form part of the business profit of UCAM
  8. Contributions by other UCAM affiliates or employees may also be received and utilized in respect of the CSR activities undertaken

Unspent CSR Amount

The Board of Directors of UCAM shall ensure to open a special account in any scheduled bank to be called “the Unspent Corporate Social Responsibility Account” and transfer unspent CSR amount relating to ongoing projects within 30 days from the end of the financial year. However, if the unspent CSR amount is not relating to any ongoing project, then such amount shall be transferred to a fund specified in Schedule VII of the Companies Act, 2013 within a period of six months from the expiry of the respective financial year

Amendments

The Policy may be reviewed and amended from time to time

On-going projects

The list of Ongoing projects are:

  1. Thippasandra School project
  2. People Tree Hospital Project
  3. High Mast lighting project, Nidavanda
  4. Nidavanda School Project.