CORPORATE SOCIAL RESPONSIBILITY POLICY
The Balancing Act Group of Companies
The Balancing Act Group of Companies (‘The Balancing Act Group of Companies’ or ‘the Company’) has been an early adopter of Corporate Social Responsibility (‘CSR’) initiatives. Along with sustained economic performance, environmental and social stewardship is also a key factor for holistic business growth. We established The Balancing Act Trust in 2013 as a not-for-profit nodal body aimed at providing a dedicated approach to community development and to fulfil our CSR commitments. The Balancing Act Trust works towards rural development, women issues and development of neurologically impaired individuals. The Balancing Act Trust partners with non-government organizations (NGOs) to make a difference among local communities. The Company’s focus has always been to contribute to the sustainable development of the society, and to make our planet a better place for future generations.
The Balancing Act Group of Companies CSR Policy intends to:
• Strive for economic development that positively impacts the society at large with minimal resource footprint.
Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on:
Women Issues and
Development of Neurologically Impaired Individuals and the Society.
3. FOCUS AREAS
In accordance with the requirements under the Companies Act, 2013, The Balancing Act Group of Companies CSR activities, amongst others, will focus on:
• RURAL DEVELOPMENT: Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water. Strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihoods, thereby creating sustainable villages.
• WOMEN ISSUES: Promoting awareness on issues relating to women. Empowering women to be a part of the country’s development and engage with them to understand and adopt measures for reducing inequalities faced by socially and economically backward groups.
• NEUROLOGICAL IMPAIRMENT: Spreading awareness on neurological disorders and engaging with individuals suffering from such disorders to assist them with medical treatment and contribute to their development.
4. UNDERTAKING CSR ACTIVITIES
The Balancing Act Group of Companies will undertake its CSR activities, approved by the CSR Committee, through The Balancing Act Trust or such other entity/organization as approved by the CSR Committee.
The surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the Company.
5. LOCATION OF CSR EFFORTS
The CSR committee will decide on the locations for CSR activities.
6. COMPOSITION OF CSR COMMITTEE
The CSR Committee shall consist of the following directors:
• Ms. Divya Palat, Trustee
• Mr. Shivkumar Mishra, Producer, Balancing Act Productions
Chief Executive Officer & Managing Director of The Balancing Act Group of Companies
7. RESPONSIBILITIES OF THE COMMITTEE
The responsibilities of the CSR Committee include:
• Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken,
• Recommending the amount of expenditure for the CSR activities, and
Monitoring CSR activities from time to time.
The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the Companies Act, 2013. Accordingly, The Balancing Act Trust or such other entity will work closely with and support the Board and the CSR Committee in implementing CSR activities of the Company. The Balancing Act Trust or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per defined guidelines. The Balancing Act Trust or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis.
9. FUNDING, SELECTION AND MONITORING PROCESS
The Balancing Act Trust or such other entity will receive requests for funding of projects throughout the calendar year. Its panel of experts will evaluate proposals received under the Foundation’s focus areas and projects will be prioritized by assessing their impact. The Foundation or such other entity will then forward its recommendations to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion.
The Balancing Act Group of Companies representatives and/or The Balancing Act Trust or such other entity will collaborate with stakeholders to monitor the status of each project and will report its findings to the CSR Committee periodically.
10. EFFECTIVE DATE
This policy is effective from January 1, 2013.
For queries related to the CSR Policy, please write to us at: