CORPORATE SOCIAL RESPONSIBILITY
FINOLEX PLASSON INDUSTRIES PRIVATE LIMITED
Corporate Social Responsibility (“CSR”) activities carried out by the Company for FY 2021-22.
1. Contribution towards Educational facility for Rashtriya India Military College (RIMC), Dehradun.
Rashtriya India Military College (RIMC) is a military school for boys and girls situated in Doon Valley, Dehradun, Uttarakhand. The RIMC is a feeder institution for the National Defence Academy, Indian Naval Academy and subsequently the Indian Armed Forces. Rimcollians, the name by which alumni of the RIMC are usually denoted, have gone on to hold the highest ranks in the Army, Navy and the Air Force of India.
The Company contributed Rs. 12 lakhs to RIMC towards the remuneration of teachers appointed by RIMC for improving the quality of education in the RIMC
2. CSR Contribution to Param Health Centre, Pune (Dr. Renu Mahtani).
Param Health Centre, Pune a holistic health centre founded by Dr. Renu Mahtani, MD FMNM, is established with an objective for “Committed to providing deep and lasting health solutions.” They improve the health of the low socio-economic strata by improving their vitamin D status and conducting health awareness programs.
This Centre mainly aims at “Natural, Scientific Therapy for Degenerative and Autoimmune disorders”. Autoimmune diseases are on a steep rise and they have an adverse impact on the quality of life through disability, pain and side effects of conventional medicines.
The Company contributed Rs. 3 lakhs to Param Health Centre towards purchasing Vitamin D capsules for distributing to marginalize people of Yerwada and Lohagaon villages.
3. Construction of additional classrooms and facilities for Grampanchayat School at Adhe village, Pune.
Adhe village is located in Maval Taluka, near Urse village, were the factory of the Company is located and having its population of around 1100 peoples. Agriculture is a main occupation of the people of the village. The Village is having only Primary School i.e. up to seventh standard and further for Secondary school education, the students are required to visit the nearby villages of Adhe.
In FY 2020-21, the Company completed the construction of new building of Primary Grampanchayat School at Adhe village. Currently, the school is operating only up to Grade Seven. They are desirous of expanding the said school building to accommodate additional grades and certain facilities for students which will need fulfillment of certain provisions.
So the Managing Committee of the said village has requested to construct additional rooms on the top of the existing new school building.
The Company has allotted Rs. 81,54,417/- for this project.
4. Fund for scholarship policy/scheme under CSR for providing financial assistance to economically challenged-cum-meritorious students.
The Board of Directors based on the recommendation of CSR Committee vide its meeting dated 12th May, 2021 had approved scholarship policy/scheme with the objective – i) to provide financial assistance to economically challenged-cum-meritorious students so as to facilitate such student(s) to complete their studies/ academies without financial hurdles and difficulties and ii) to identify and enrich the intellectual capital of such meritorious student(s), so as to fulfill their desire to be equipped with education and develop their skills.
The Scheme shall be applicable throughout India. However, the Company shall give preference to the local area and areas around it where it operates i.e. Pune District.
Upon scrutiny of documents and recommendation of the CSR Committee, the Board of Directors approves the applications received from the economically challenged-cum-meritorious students.
During the FY 2021-22, the beneficiaries under this policy/scheme are as under: