CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY


OF INTERGLOBE TECHNOLOGY QUOTIENT PRIVATE LTD.
 
 
This CSR Policy is formulated in compliance with Section 135 (3) (a) of the Companies Act, 2013 read with Companies (Corporate Social responsibility  Policy) Rules, 2014 and has been approved by the Board of Directors of InterGlobe Technology Quotient  Private Ltd. {"InterGlobe" or "Company").
 
Philosophy:
 
 
InterGlobe  has been  inspired  by  the  vision  to  serve a larger  national  purpose.  InterGlobe identifies  its core values as: highest standards of integrity, respecting  its customers'  interest, and future-mindedness. InterGlobe  is committed to  being  a good  corporate citizen  as it is believed that this would  help it to achieve its goals and objectives that  it has set for itself and build a sustainable business for its current  and future  stakeholders. A conscious strategy will be followed  to design and implement CSR programs under the CSR Policy to create shared values with its stakeholders.
 
 
 
InterGlobe's  vision is to contribute to the social and economic development of communities  in which  it operates  and  to  participate   in  providing  education,  skill  development, conserving environment  and promoting national heritage.
 
Implementation process: Identification of projects I processes:
 
 
All CSR  activities  undertaken  by InterGlobe  will follow  certain  rules and procedures  to ensure that the chosen programs reach the intended target and create tangible impact. The process for identification and implementation of a program here will include:
 
•    Identification of priority areas
•    Stakeholder identification
•    Due diligence of implementation partner
•    Project preparation/ project evaluation
•    Budgeting
•    Project implementation and Review
 
 
A program picked up for implementation by a company will be cleared by the CSR Committee of the company and will be in line with  this CSR Policy. The Company may carry out CSR activity either itself or through lnterGlobe Foundation, an associate company formed  under Section 8 of the Companies Act, 2013 or through  any other  registered trust, registered  society, registered
foundation, etc.
 
Selecting CSR Program:
 
 
The Company shall, while  selecting a CSR activity, give preference  to the  local area and areas around which it operates in. For an activity to be included by the Company as its CSR activity, it should be relating  to any one or more of the following  activities, as listed in the Schedule VII to the Companies Act, 2013:
 
1.   Promotion  of education;
 
2.  Promoting gender equality and empowering women;
 
3.   Conducting workshop and training programs for women;
 
4.   Providing Education to under privileged children;
 
5.   Focus on educating the girl child and the underprivileged by providing appropriate infrastructure, and groom them as future value creators;
 
6.   Empowerment of women for education, health & self-employment;
 
7.   Conserving National Heritage and Environment;
 
8.   Measures for the benefit of armed forces veterans, war widows and their dependents;
 
9.   To provide  training  to  promote rural  sports, nationally  recognized  sports, and Para­ Olympic sports and Olympic sports;
 
10. To contribute to the Prime Minister's National Relief Fund or any other  fund set up by the  Central Government  or  the  State Governments  for  socio-economic  development and relief  and welfare  of the Scheduled Castes, the Scheduled Tribes, other  backward classes, minorities and women;
 
11. To provide  contributions or  funds  provided  to  technology  incubators  located  within academic institutions which are approved by the Central Government;
 
12. To contribute in rural development projects.
 

 
The program  to  be followed will clearly set out the roles and responsibilities  for  the involved personnel and also list out  the  role for third  parties if they  are to be engaged. A schedule of implementation shall be drawn clearly outlining the timelines for the activities involved  therein.
 
Schedule tor implementation of activities
 
S. No.
 
Particular  of activities Proposed Timelines for the
Activity.
1.    
2.    
 
 
Compliance, monitoring and reporting:
 
 
Monitoring  and  evaluation   is  an  essential  part  of  any  activity   that   is  undertaken   by  an organization  and that  will  also be followed  for  programs  undertaken  under  the  CSR  Policy.
 
Programs under  the CSR  Policy will be continuously  monitored on set parameters  by the CSR Committee of the Company.
 
Compliance  will   be  reported to  stakeholders  through   the  Company's  Annual  Report.  CSR Committee   of  the  Company  shall  ensure  that   programs  under   the  CSR   Policy  comprise essentially of CSR activities undertaken  within India.
 
The CSR Policy will be reviewed, unless earlier required  due to change in laws, annually by the Board of lnterGlobe  and updated  if required, to ensure it captures the relevant  current  interest of the stakeholders.
 
CSR Committee  of the Company will be responsible for ensuring that  the principles  set out in this  CSR  Policy  are  communicated to,  understood  and  observed  by  all  employees  and  for ensuring compliances in letter  and spirit.
 
Budget:
 
 
Budget recommended for  a program  by CSR Committee  will  be set out  in the program  to be approved by the Board of the Company. This would also consider the aspect of training element as well. The Board of Directors of lnterGlobe has approved to incur 2% of the average net profits of  the  Company made  during  the  three  immediately  preceding  financial  years for  programs covered under  the CSR  Policy. While  the  allocated amount  would  be 2% of the  average net profits, any income arising from the unutilized sums of such net profits  and surplus arising out of CSR activities undertaken under a program will be the corpus for the program.
 
Partnerships:
 
 
It  will  be  endeavor  of  the  Company  to  first  undertake  CSR  initiatives   through   InterGlobe Foundation  to  the  extent  possible. However,  other  collaborative  partnerships  for implementation  of  any  programs  under  the  CSR   Policy  may  be  undertaken   with  certain identified  Non-Government Organizations and other  like-minded stakeholders  including  non­ profit making trusts following the legal requirements  as applicable from time to time. This would help  widen  the  Company's  reach  and  leverage  upon  the  collective expertise,  wisdom  and experience that these partnerships bring to the table.
 
Management Commitment:
 
 
InterGlobe  subscribes to the philosophy  of compassionate care. It believes and acts on ethos of generosity  and compassion, characterized  by a  willingness  to  build  a society  that  works  for everyone. This is the cornerstone  of this CSR policy.
 
It shall always be ensured by us that the surplus arising out of the CSR activities  does not form part  of  business profits   and  is utilized for  the  purpose  it is meant.  Surplus  funds  may  be contributed  to   InterGlobe   Foundation   towards   its  corpus.  In  extreme  circumstance,  the Company may consider contributing to  outside channels for the objectives  that  it perceives it should be part of but is unable to pursue in house.

Communication:
 
 
The CSR Committee  of the Company may also lay out the manner, subject to the relevant legal requirements, in which information on a program being implemented by the Company will be shared. The programs under implementation would be hoisted on the websites of the Company i.e. www.interglobe.com and other group companies.
 
This CSR Policy conforms to the Companies {Corporate Social responsibility  Policy) Rules, 2014, spelt out by the Ministry of Corporate Affairs, Government of India.