Corporate Social Responsibility (CSR)
Budget
A specific budget will be allocated for CSR activities. The amount will be approved by the Board on the recommendation of the CSR Committee.
Public Information
The Company’s involvement in its CSR project and details of work executed and progress made will be communicated through its websites, annual reports, in-house journals and media.
Treatment of Surplus
It is specifically stated here that surplus, if any, arising out of CSR projects or programmes or activities shall not form part of the business profit of the Company and shall be redeployed in the projects.
Monitoring
The Company will set up a monitoring process for implementation of the CSR projects and periodic reporting to the CSR Committee in compliance with the requirement of Section 135 of the Companies Act, 2013.
Involvement
The Company expects participation of its employees in the CSR projects it undertakes. The projects are expected to create a strong bond between the community and the local set up where the Company runs its hotel. The Company would be actively involved in skill enhancement of boys and girls in hospitality business and opportunities could be provided to the deserving ones for employment in the Company.
Composition of CSR Commitee
The composition of the CSR Committee is as under:
1. Mr. Jasbir Singh Kohli – Independent Director
2. Mr. Vijay Shah – Independent Director
3. Ms. Gayatri N Devadiga – Independent Director
Meeting
The CSR Committee, if required, will meet to review progress in the chosen activity and will report to the Board annually, as per applicable law.