Corporate Social Responsibility
This Corporate Social Responsibility Policy
(“Policy”)
is framed
by the CSR Committee (as defined below) constituted by the Board of
Directors of
Trinity Mobility Private Limited (“Company” or “Trinity”) in terms of
the
Companies
Act, 2013 (“Act”) read with the Companies (Corporate Social
Responsibility
Policy)
Rules, 2014 (“CSR Rules”), as amended from time to time, and approved by
the
Board
of Directors of the Company on 01.06.2018.
The CSR Committee of the Board had revised the CSR Policy, which was
approved by the
Board at its meeting held on 16.07.2021. The amended is effective from
16.07.2021.
About Trinity and Its Corporate Social Responsibility Initiatives
Trinity is committed to improving the world we live in by creating, supporting, and nurturing programs and initiatives that serve local communities. Together with leading public and non-profit institutions, Trinity has developed powerful programs to address needs in the communities it serves. The cities, towns and villages where Trinity has operations and where our employees live and raise their families are not just addresses to us – they’re our hometowns. By applying the same rigor and business tools we use in the workplace, Trinity builds programs that deliver results we can quantify: one community, one home, one teacher, and one student at a time. The Policy, as a part of the Company’s corporate citizenship initiative, provides the Company a deep and wide experience and understanding of corporate social responsibility work that has real, measurable, and sustainable positive impact on the communities Trinity serves.
Vision
Trinity is committed to building a world that’s safer and more secure, more comfortable and energy efficient, more innovative, and productive. Accordingly, the Company believes in identifying corporate social responsibility projects that have optimal and sustainable impact on local communities, in the areas where the Company can leverage its strengths. Whilst the Company will continue to support activities as per Schedule VII of the Act listed below, the Company will focus its efforts on the areas of vital importance, i.e., environmental sustainability, education, rural development, disaster relief and other activities. Trinity may join hands with leading public and non-profit institutions to develop powerful programs to address the needs of the communities it serves. This Policy encompasses the Company’s philosophy setting out the Company’s role as a responsible corporate citizen and lays down guidelines for undertaking programs for public good.
Composition of CSR Committee
The CSR Committee shall consist of 2 (Two) or more members and such number of other members as may be decided by the Board of Directors from time to time, in accordance with the provisions of the Act and the charter documents of the Company. The present members of the CSR Committee constituted by the Board of Directors are as follows:
| S.No | Name | Designation |
|---|---|---|
| 1 | Mr. Ashok Kumar Munusamy | Chairman |
| 2 | Mr.Radhakrishan Nambiar | Member |
| 3 | Mr.Ashish Kumar Modi | Member |
| 4 | Mr.Manish Kumar Sharma | Member |
| 5 | Mr.Rajesh R Pillai | Member |
Our Focus Areas
We combine CSR strategy and community outreach with both financial support and volunteerism to address core community needs in areas where we have unique expertise. In terms of the CSR Rules, the Company will be focusing on undertaking the project /programs /activities listed below, as specified in Schedule VII to the Act excluding activities undertaken in pursuance of normal course of business of a Company.
-
Environmental Sustainability:
Promoting awareness about environmental issues.
Promoting awareness about environmental issues. -
Education
Promoting Education in all forms, including special education and Employment enhancing vocational skills especially among children, women, elderly and differently abled, who are in need and financially backward. Provide financial support to academic institutions for providing infrastructure facilities with the objective of assisting students in their studies.
Improving quality of education in existing schools and promoting the other cultural activities. -
Rural Development
To development of Rural Area and identified the registered Trusts who engaged in the work of rural Development. -
Disaster Relief
Contribution money for adopting the relief measures during the time of Natural Disaster, anywhere in the Country.
Contribution money for development of standard of living of peoples who suffered any natural disaster in the Country. -
Other Activities
Other CSR Activities in line with Schedule VII of the Act and approved by the CSR Committee.
Implementation
Trinity is committed to building a world that’s safer and more secure, more comfortable and energy efficient, more innovative, and productive. Accordingly, the Company believes in identifying corporate social responsibility projects that have optimal and sustainable impact on local communities, in the areas where the Company can leverage its strengths. Whilst the Company will continue to support activities as per Schedule VII of the Act listed below, the Company will focus its efforts on the areas of vital importance, i.e., environmental sustainability, education, rural development, disaster relief and other activities. Trinity may join hands with leading public and non-profit institutions to develop powerful programs to address the needs of the communities it serves. This Policy encompasses the Company’s philosophy setting out the Company’s role as a responsible corporate citizen and lays down guidelines for undertaking programs for public good.
Monitoring
The CSR Committee and the Board will review, monitor and provide strategic direction to the Company's CSR and sustainability practices towards fulfilling its objectives under this Policy, and review the effectiveness of the programs implemented under this Policy. The programs and activities will be identified and approved by the Board.
Budget
A specific budget calculated in accordance with the provision of Section 135 of the Act is allocated for activities to be undertaken in pursuance of this Policy. For achieving corporate social responsibility objectives, the Company will initially allocate funds earmarked for such activities for implementation of programs either independently or jointly with third party organizations that meet the requisite expertise and credentials for the project(s).
Annual Action Plan
The Corporate Social
Responsibility
Committee
shall formulate and recommend to the
Board,
an
Annual
CSR
Action
Plan in pursuance of this CSR Policy,
which
shall
include
the
following, namely:
the list of CSR projects or programs
that
are
approved
to be
undertaken in areas or subjects
specified in
Schedule
VII of
the
Act;
the manner of execution of such projects
or
programs
as
specified in
Rules;
the modalities of utilization of funds
and
implementation
schedules
for the projects or program;
monitoring and reporting mechanism for
the
projects
or
programs;
and
details of need and impact assessment,
if
any,
for
the
projects
undertaken by the Company.
The Board will consider and approve the
CSR
Plan
with
such
modification that may be deemed
necessary.
The Board may also alter the Annual
Action
Plan
at
any
time
during
the financial year, as per the
recommendation of
its
CSR
Committee,
based on the reasonable justification to
that
effect.
Governance
The Board shall
satisfy
itself
that
the
funds disbursed have been utilised
for
the
purposes
and
in the
manner as approved by it and the
Chief
Financial
Officer
or the
person responsible for financial
management
shall
certify to the
effect.
The Board of Directors of the
Company
shall
ensure
that
the
administrative overheads shall not
exceed
the
threshold
limit
for the financial year per the Act
and
the
Rules.
The Board of Directors’ Report of
the
Company
shall
include an
annual report on CSR containing
particulars,
as
applicable and
as mentioned in the Rules.
The Company shall undertake an
impact
assessment,
through an
independent agency, of its CSR
projects
per
the
requirement
under the Act and the Rules.
Any amount remaining unspent, if
any,
under
sub-section
(5) of
Section 135 of the Act, pursuant to
any
ongoing
project,
fulfilling such conditions as may be
prescribed,
undertaken by
the Company in pursuance of the
Policy,
shall be
transferred by
the Company to a special account to
be
opened by
the
Company in
that behalf for that financial year
in
any
scheduled
bank to be
called the “Unspent Corporate Social
Responsibility
Account”,
and such amount shall be spent by
the
Company in
pursuance of
its obligation towards the Policy
within
the
period
specified
under the Act and Rules, failing
which,
the
Company
shall
transfer the same to a Fund
specified in
Schedule
VII.
The
Company shall transfer the unspent
amount
within
the
time
provided under the Act and
Rules.
This Policy is in conformity with
the
requirements
laid
down
under the Act
Review of Policy
The Corporate Social Responsibility Committee of the and the Board of Directors of the Company will review the Policy at regular intervals as deemed appropriate.
Amendments
Any or all the provisions of this Policy are subject to revision/modification by the Committee, as may be required. The CSR Policy of the Company may be amended at any time by the Board of Directors on the recommendation of the CSR Committee.
Definitions
For
purposes
of
this
Policy, the
following terms shall
have
the
following
meaning:
Act shall mean the
Companies
Act,
2013
(to
the
extent that such
enactment
is in
force
and
applicable to the
context in
which
such
term
is used
herein) and shall
include
all
amendments,
modifications and
re-enactments
of
the
foregoing.
Annual Action Plan shall
mean
the
annual
action plan
formulated by the
Committee
and
approved
by
the
Board of Directors in
accordance
with
Rule
5(2) of
the Rules.
Board shall mean the
Board
of
Directors
of
the
Company.
CSR Committee shall mean
the
committee
constituted
by the Board of
Directors
under
Sec.135
of
the
Act.
Rules means Companies
(Corporate
Social
Responsibility Policy)
Rules,
2014,
or
any
other
rules prescribed under
Sec.
135
of
the
Act
and
pertaining to corporate
social
responsibility, as
may be amended, and
prescribed,
from
time to
time.
For enquiries related to this Policy or Trinity’s CSR initiatives, please contact:
Name:
Manisha
Agarwal
Contact:
legal@trinitymobility.com
Amended and
effective
July
16,2021
