CSR & Sustainability
Mr. Jagdish V Dore leads Sidvim LifeSciences. In his previous roles, he was Managing Director India and Head of Asia Technical Operations for Sandoz and then CEO of Matrix Labs. He has over 30 years of experience in the Pharmaceutical Industry. He is B Tech (IIT Madras) and MBA.
Mr. Prasanta K Biswal is the Chief Executive Officer of the International Biotech Park Limited (IBPL). With more than two decades of experience in Government and Private Sector in India, Europe and USA. Prior to the current assignment, he was based at Washington DC during 2001-2005 as Director, FICCI-USA. Prior to this, he was nominated by the Government of India to work as the Indian Delegate at UNIDO’s Investment and Trade Promotion Office in Italy during 1997-2001. Earlier he had worked as Consultant at the Energy Policy Division in the Planning Commission, Government of India. He also has experience in the field of urban development at the National Institute of Urban Affairs, New Delhi. Prasanta has a Master Degree in Economics from Delhi School of Economics.
Mr. Narayan Ringane is an experienced Finance Manager with a demonstrated history of working in various government organizations. He is a strong finance professional with a M.Sc. Agriculture focused in Horticultural Science from Mahatma Phule Krishi Vidyapeeth. He is skilled in Budgeting, Cash Flow, Accounting, procurement, and Auditing. He is presently serving as Chief Accounts Officer, Maharashtra Industrial Development Corporation (MIDC), Mumbai.
- This policy, which encompasses the philosophy of International Biotech Park Limited (“Company”) 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 ‘CSR Policy’.
- This policy shall apply to all corporate social responsibility (“CSR”) initiatives and activities to be undertaken by the Company.
- This CSR Policy shall operate as the corporate social responsibility policy of the Company for the purposes of Section 135 of the Companies Act, 2013 and the rules made thereunder.
- In alignment with vision of the Company, the Company, through its CSR initiatives, will serve the society by undertaking CSR projects / programs and proactively responding to the needs of the community preferably in the economic proximity of the Company’s operations.
- The objective of the CSR Policy is to:
Lay down the guidelines and mechanism for undertaking socially useful programmes for welfare and sustainable development of the community at large.
- The Company proposes to serve the society by undertaking CSR projects / programs and proactively responding to the needs of the community preferably in the economic proximity of the Company’s operations.
- The Company proposes to adopt one or more of the following CSR projects / programmes / activities as prescribed by applicable laws, including Schedule VII of the Companies Act, 2013, as amended from time to time:
- eradicating hunger, poverty and malnutrition, promoting health care (including preventive health care) and sanitation and making available safe drinking water;
- promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
- contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio‐economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
- The CSR activities shall be undertaken within the territory of the Republic of India.
- The CSR policy and programs shall be implemented, managed and supervised by the CSR committee appointed by the Board of Directors of the Company (“CSR Committee”).
- The CSR Committee shall comprise at least of such number of directors as is mandatorily required by applicable laws.
- The CSR Committee of the Company shall comprise of three or more Directors, of which at least one should be an Independent Director (if applicable as per law).
The CSR Committee shall:
- Decide the CSR Projects or Programs to be taken up by the Company either directly or through registered trust or registered society or a Company established by the Company or its holding or subsidiary of associate Company under Section 8 of the Act or otherwise.
- Place before the Board the CSR projects or programs proposed to be taken up by the Company for approval, each year.
- Define and monitor the Budgets for the carrying out the Projects or Programs.
- Monitor and Review the implementation of the CSR Policy.
- The Board shall take into account the recommendations of the CSR Committee and provide appropriate instructions / directions to the CSR Committee when required.
- The Board shall consider the CSR Policy formulated by the CSR Committee and approve the same with or without modifications, if required.
- The Board shall ensure that activities included by the Company in the CSR Policy are in accordance with Schedule VII of the Act.
- The Board shall consider the budgetary allocation proposed by the CSR Committee and approve the same with or without modifications, if required.
- The Board shall ensure that the CSR activities undertaken by the Company are in accordance with the CSR Policy of the Company.
- The Board shall monitor the CSR activities of the Company in accordance with its CSR Policy and the law.
- Every year, the Company shall with the approval of its Board of Directors make a budgetary allocation for CSR activities/ projects for the year. The budgetary allocation will be based on the profitability of the Company and the requirements of applicable laws.
- The Company expects to spend the budgeted amount allocated for CSR activities/ projects planned for each financial year, within that year. If for any reason, the budget of a year remains unutilised, the same may be carried forward to the next year for expenditure on CSR activities, which were planned for implementation in the previous year, but could not be completed due to some reason.
- The CSR Committee and the Board of Directors will disclose the reasons for not being able to spend the entire budgeted amount on the CSR activities as planned for that year in the Annual Report of the Company.
- Any surplus arising out of the CSR activities, projects or programs shall not form part of the business profits of the Company.
- If in the opinion of the CSR Committee, the implementation of CSR projects requires specialized knowledge and skills, and if the Company does not have such expertise in‐house, the wherewithal, and dedicated staff to carry out such activities, the CSR Committee may decide to avail the services of external specialised agencies for the implementation of such CSR projects.
- In the event an external agency is engaged for the purposes of the CSR initiatives of the Company, the Company will need to enter into an agreement with the relevant executing/implementing external agency, setting out the terms and conditions of the engagement of the external agency
- In case of any doubt with regards to any provision of this CSR Policy and also in respect of matters not covered herein, a reference should be made to the CSR Committee. In all such matters, the interpretation and decision of the CSR Committee shall be final.
- All provisions of the CSR Policy would be subject to revision/amendment in accordance with the applicable laws.
- The Company reserves the right to modify, cancel, add, or amend this CSR Policy.
We at The Chatterjee Group continue to undertake and support initiatives that positively impact our communities, environment and the society at large with the aim to fuel their development. Some of these include:
- Zila Parishad, Pune and Gram Panchayat of Taluka Mulshi, Village Maan, Pune – Doing our bit for Environment Sustainability and for a Swachh and Swasth Bharat. In collaboration with the Zila Parishad, District – Pune, Maharashtra and Gram Panchayat Maan in District - Pune, Maharashtra, we are supporting initiatives around the Swachh Bharat mission and Environment Sustainability that includes building accessible toilets for the common man and projects for waste management, garbage collection and disposal works at Maangaon, Pune.
- The Jimmy S Bilimoria Foundation - Home-based, multidisciplinary, palliative care service for cancer patients. We have extended our support towards PALCARE from The Jimmy S Bilimoria Foundation, set-up to help those suffering from limiting illnesses, such as cancer.
- Venture Centre, Pune Region - Committed towards science-based tech and innovation for clean energy and Supporting technology incubation. IBPL in Pune is supporting the clean energy initiative of Venture Centre to facilitate various clean/renewable power technology ideas and prototypes, and setting up a solar panel farm to reduce carbon footprint.
- Centre for Cellular and Molecular Platforms (C-CAMP), Bangalore – An initiative supported by Department of Biotechnology, Govt of India IBPL is promoting entrepreneurship and innovation by providing supporting to C-CAMP, Bangalore, an initiative supported by Department of Biotechnology, Govt of India.
- Tata Memorial Hospital Centre – Aiding new technology and solutions to save lives We have been providing consistent support to the Tata Memorial Hospital Centre for their research in curing various tumours, cancer care and patient safety measures.
- Prime Minister’s National Relief Fund (PMNRF) - To render immediate relief to families of those killed in natural calamities like floods, cyclones and earthquakes, etc.
- Swa–Roopwardhinee – IBPL supported them by contribution funds to purchase Oxygen Plant & Tankers for Maharashtra State Health Department during the Covid times.