TNO through its CSR initiatives proposes to enhance value creation in the society and in the community in which it operates, through its services, conduct and initiatives, so as to promote sustained growth for the society and community, in fulfillment of its role as a socially responsible corporate.
This CSR Policy encompasses our philosophy, setting out our role as a responsible corporate citizen and lays down guidelines for undertaking programs for the benefit of different segments of society.
We propose to adopt one or more of the CSR activities as prescribed by applicable laws.
For achieving its CSR objectives through implementation of CSR Projects, we will allocate! spend an amount, in each financial year. The budgetary allocation will be based on the profitability of the Companies and in compliance with the requirements of applicable laws, to be read along with amendments from time to time.
To ensure effective implementation of the CSR Projects undertaken, a monitoring mechanism will be put in place by the CSR Committees of the Boards. The progress of CSR Projects under implementation will be reported to the CSR Committees on a regular basis. The CSR Committees shall procure reports, at regular intervals, from registered trust/ societies /Companies etc, to whom funds are allocated for undertaking CSR activities / programmes.
CSR Committees may also obtain feedback from beneficiaries about the programmes.
CSR initiatives will also be reported in annual reports of respective Companies.
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.
The CSR Committee shall review the CSR Policy from time to time based on the changing needs and make suitable modifications as may be necessary with the approval of the Board.