Corporate Social Responsibility (CSR) Policy
At ANN, our vision is to give viewers worldwide an edge on India by empowering them with timely and essential information.
We shall be proactive towards the welfare of the underprivileged and marginalized communities, socially and economically disadvantaged groups and the society at large. With the purpose of modelling progressive and sustainable communities, the Company’s CSR will focus on:
Promoting education, including special education and employment enhancing vocational skills, especially among children, women, elderly and the differently abled and livelihood enhancing projects;
Promoting preventive health care and sanitation;
Protection of national heritage, art and culture through promotion and development of traditional arts;
Promoting rural development projects;
Such other projects and activities as may be recommended by the CSR Committee of the Board
Approach to Implementation
Our efforts shall be aligned to Section 135 of the Companies Act 2013, as recommended by the CSR Committee of the Board. We will strive to implement the aforesaid CSR activities on our own as well as in partnership with other players which would include:
Collaborating with various organisations, which are registered as a Trust or a section 8 company under the Companies Act, 2013 or Society or NGOs or any other form of entity incorporated in India that specialise in the aforesaid activities;
Contribution to various funds which are aligned with our Vision;
Collaborating or pooling resources with other companies to undertake aforesaid CSR activities.
The Company shall allocate a budget by the company on CSR, which shall be in line with Section 135 of the Companies Act, 2013. The corpus for the purpose of carrying on the aforesaid activities would include the following:
2% of the average Net Profit made by the Company during immediately preceding three Financial Years.
any income arising therefrom.
surplus arising out of CSR activities carried out by the company and such surplus will not be part of business profit of the company.
CSR Policy implementation shall be periodically reviewed and monitored by the CSR Committee of the Board. The implementation will also be reviewed by the Board from time to time.