Corporate Social Responsibility

For Savita Group, reaching out to underprivileged communities has been the culture since its inception. The Company believes in the trusteeship concept. This entails transcending business interests and grappling with the “quality of life” challenges that underprivileged communities face, and working towards making a meaningful difference to them.

The Company’s vision on Corporate Social Responsibility is – “to actively contribute to the social and economic development of the communities in which it operate. In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index”.

The CSR Committee of the Company aims to identify in a participatory manner, in consultation with the NGOs operating in the relevant areas, the employees at all levels of the Company and the Board of Directors, CSR projects for implementation. Subsequently, based on a consensus and in discussion with all the personnel and other influentials, projects will be prioritised. The programs/projects can also be undertaken by the Company itself.

The CSR projects/activities shall be undertaken in the areas and subjects specified in Schedule VII of the Companies Act, 2013. The focus areas that have emerged for active consideration for the Company are Education, Health care, Sustainable livelihood, Infrastructure development, and espousing Social causes.

• Formal schools
• Vocational Training for Blind/Deaf persons
• Balwadis for elementary education
• Quality primary education
• Aditya Bal Vidya Mandirs
• Girl child education
• Adult education programmes

• Primary health care centres
• Mother and Child care projects
• Health care for visually impaired, and physically challenged
• Preventive healthcare through awareness programmes
• Community Health Initiatives

• Basic infrastructure facilities
• Housing facilities
• Safe drinking water
• Sanitation & hygiene
• Renewable sources of energy

• Formation of Self Help
• Groups for women empowerment
• Vocational training
• Agriculture development and better farmer focus
• Watershed development
• Partnership with Industrial Training Institutes

• Menstrual hygiene awareness
• Rural Development projects
• Community healthcare
• Espousing basic moral values

The CSR Committee shall formulate and recommend to the Board an annual action plan which may be adopted by the Board and may include a list of CSR projects or programmes which can be undertaken, the manner of execution of such projects or programmes, the modalities of utilisation of funds and implementation schedules for the projects or programmes, monitoring and reporting mechanism for the projects or programmes and details of need and impact assessment, if any, for the projects undertaken by the Company.

The Board may alter the annual action plan at any time during the financial year, upon the recommendation of the CSR Committee, based on reasonable justification.

Prior to the commencement of projects, the Company shall carry out a baseline study of the project to be undertaken. The study shall encompasses various parameters such as – health indicators, literacy levels, sustainable livelihood processes, and population data – below the poverty line and above the poverty line, state of infrastructure, among others. From the data generated, a 1 – year plan and a 3 – year rolling plan will generally be developed for the holistic and integrated development of the marginalised. These plans will be presented at the Annual Planning and Budgeting meet. All projects shall be assessed under the agreed strategy, and will be monitored every quarter, measured against targets and budgets. Wherever necessary, midcourse corrections will be affected.

In Savita, Initiatives and Rural Development provides the vision under the leadership of its Chairman, Mr. Gautam N. Mehra. This vision underlines all CSR activities. Every Manufacturing Unit has a CSR Cell. The Chairman takes on the role of the mentor, while the onus for the successful and time bound implementation of the projects is on the various Unit Heads and CSR team. To measure the impact of the work done, a social satisfaction survey / audit will be carried out by an external agency as and when the need arises.

Collaborative partnerships will be formed with the Government, the District Authorities, the village Panchayats, NGOs and other like-minded stakeholders where the need arises. This will help widen the Company's reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.

The Company will engage with well established and recognised programmes and national platforms such as the CII, FICCI, ASSOCHAM to name a few, which given their commitment to inclusive growth.

A specific budget will be allocated for CSR activities. This budget will be project driven.

The Company's engagement in this domain and this policy will be disseminated on its website and a web-link thereto shall be provided in the annual report.

The Company’s Board of Directors, the Management and all of the employees subscribe to the philosophy of compassionate care. The Company believes and acts on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone. This is the cornerstone of the Company’s CSR policy.

The Company’s Corporate Social Responsibility policy conforms to the requirements of Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended.

The Board on recommendation of CSR Committee shall amend any of the provisions of this Policy as may be required from time to time.

Mr. Uday Rege
Company Secretary & Chief Legal Officer
Savita Oil Technologies Limited
66/67, Nariman Bhavan, Nariman Point,
Mumbai 400 021
Phone - +91-22-66246200
Email – ucrege@savita.com