Policy on Corporate Social Responsibility

This Policy, which encompasses the Company’s philosophy for delineating its responsibility as a corporate citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare and sustainable development of the community at large, is titled as the ‘Pentacle – CSR Policy’. This policy shall apply to all CSR initiatives and activities taken up at the various work-centers and locations of Pentacle Consultants (I) Private Limited (the Company), for the benefit of different segments of the society, specifically the deprived, underprivileged and differently ambled persons.

Our Vision

In alignment with vision of the Company, the Company, through its CSR initiatives, will continue to enhance value creation in the society and in the community in which it operates, through its services, conduct and initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a Socially Responsible Corporate, with environmental concern.

Effective Date

This policy shall be effective from the financial year 2022 - 2023.

Purpose of the Policy:

Identification of projects and implementation process:

The following are the broad purposes of this policy

  • To define the kind of projects/ activities that will come under the ambit of CSR;

  • To identify broad areas of intervention in which the company will undertake projects;

  • To serve as a guiding document to help execute and monitor CSR projects;

Mechanism for Monitoring and Feedback:

Budget and allocation:

Constitution of Corporate Social Responsibility (CSR) Committee:

Meeting of the CSR Committees:

Reporting Mechanism:

The Company shall undertake activities for economic and social development of communities and geographical areas, particularly in the vicinity of our operations and work centers. Such activities may include:

  • Promoting health care including preventive health care and sanitation;

  • Promoting education, including special education and employment enhancing vocation skills;

  • Empowering women;

  • Ensuring environmental sustainability, ecological balance, conservation of natural resources and maintaining quality of soil, air and water;

  • Contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government;

  • Rural development projects; and

  • Such other matter as mentioned under Schedule VII of Companies Act, 2013 and as approved by CSR Committee.

For implementing the above mentioned CSR initiatives, Board in consultation with CSR Committee shall designate senior personnel to act as the Officer and he shall be entrusted with the responsibilities with respect to execution, monitoring and reporting status of CSR activities and to allocate funds as required for particular activities, as per the requirements of the Companies Act, 2013 and rules made thereunder.

  • The Company will allocate not less than 2% of its average net profit made during the three immediately preceding financial years, as its CSR Budget.

  • The surplus arising out of the CSR projects or programmes or activities, if any, shall not form part of the business profit of the Company.

  • The CSR committee shall recommend management to open a separate account with bank for CSR activities and nominate authorized signatories to operate and to transfer funds in the said bank account.

  1. Mr. Mahendra Pundalik More as the Chairman and members of the CSR Committee,

  2. Mrs. Pallavi Mahendra More as the members of the CSR Committee,

  3. Mr. Ganesh Pundalik More as the members of the CSR Committee.

The CSR Committee shall act in accordance with following terms of reference:

  • Formulate and recommend a Corporate Social Responsibility Policy to the Board.

  • Recommend the amount of expenditure to be incurred on the activities.

  • Institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company which would form a part of CSR Policy.

  • Monitor CSR Policy and interventions periodically.

  • The CSR Committee shall meet as frequently as it determines necessary but at least twice annually.

  • The CSR Committee shall maintain minutes of each of its meetings.

  • The CSR Committee shall review proposed projects and make recommendations to the Board for approval of such projects and allocation of Funding in accordance with the CSR Committee charter.

  • The final decision with regards to the acceptance or rejection of a CSR Proposal shall be with the Board.

  • The Company shall publish its annual report on CSR Activities in its Directors Report in the manner prescribed under the Companies Act 2013 and the CSR Rules.