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This Corporate Social Responsibility (hereinafter referred to as 'CSR') policy is framed in terms of the Companies Act, 2013 (hereinafter referred to as 'the Act') read with the companies (Corporate Social Responsibility Policy) rules, 2014 (hereinafter referred to as 'the CSR Rules'), as amended from time to time.
Recognising that business enterprises are economic organs of society and draw on societal resources, it is Quadrafort’s belief that a company's performance must be measured by its triple bottom line contribution towards building economic, social and environmental capital. Quadrafort believes that in the strategic context of business, enterprises possess - beyond mere financial resources - the transformational capacity to create game-changing development models by unleashing their power of entrepreneurial vitality, innovation and creativity. In line with this belief, Quadrafort will continue crafting unique models which have a significant multiplier impact on sustainable livelihood creation and environmental replenishment.
Programmes, projects and activities (hereinafter collectively referred to as 'CSR Programmes') carried out in this regard are the subject matter of this policy.
It is Quadrafort’s policy to direct its CSR programmes, inter alia, towards achieving one or more
of the following - poverty alleviation; promoting education and skill development; ensuring
environmental sustainability; enabling climate resilience; and providing relief and assistance
to victims of disasters and calamities.
In pursuit of the above, Quadrafort has identified the following focus areas for its CSR
programmes:
Early childhood care, education and health focuses
Livelihood enhancement through technology skilling
Environmental stewardship: Striving for sustainable eco-friendly growth
To engage in affirmative action interventions through 1% pledge program which we have committed
to invest 1% of the company profit towards CSR activities.
To pursue CSR programmes
primarily in areas that fall within the economic vicinity of the
company's operations to enable close supervision and ensure maximum developmental impact.
Every year, the CSR and Sustainability Committee will place for the approval of the Board of Directors of the Company (hereinafter referred to as 'the Board'), an annual CSR Action Plan (hereinafter referred to as 'CSR Plan') delineating the CSR Programmes to be carried out during the financial year, including the budgets thereof, their manner of execution, implementation schedules, modalities of utilisation of funds, and monitoring & reporting mechanism for the CSR programmes. The Board will consider and approve the CSR plan with such modification that may be deemed necessary; the CSR plan may also be modified by the Board during the financial year, on the recommendation of the CSR and Sustainability Committee.
The Company aims to spend one percent of annual net profits on Corporate Social Responsibility, adhering to policy and statutory mandates. CSR expenditure encompasses all direct and indirect costs, including planning, execution, monitoring, and administration. Covered expenses include project costs, capacity building, professional fees, and overheads directly linked to activities. Any surplus generated from these projects must be excluded from business profits and instead reinvested into CSR initiatives or transferred according to governing regulations and the established CSR Policy. The Company shall maintain transparency, periodic review, and compliance with applicable laws
The Company has constituted a Corporate Social Responsibility Committee comprising:
In accordance with the provisions of the Companies Act, 2013. The Committee is responsible for formulating, implementing, and monitoring CSR activities in line with statutory requirements and this Policy. The CSR Policy is hosted on, www.quadrafort.com and the web link is disclosed in the Board’s Report for stakeholder reference. In event of inconsistency between Policy and applicable laws, relevant statutory provisions shall prevail.
