CSR
Corporate Social Responsibility (CSR) Policy
At Polymatech, we are committed to achieving corporate success while actively contributing to the welfare of society. We proudly align our Corporate Social Responsibility (CSR) initiatives with the vision of the Ministry of Corporate Affairs, Government of India, as per the guidelines under Section 135 of the Companies Act, 2013.
We believe that CSR is not just a statutory obligation but a deep-seated responsibility — a dharma that reflects our core values. Our efforts towards social causes represent our spiritual conscience, allowing us to positively impact communities and contribute to nation-building.
CSR Purpose Statement
At Polymatech, our CSR initiatives are designed to create meaningful change by empowering the disadvantaged and marginalized communities. Through focused efforts across various program areas, we aim to uplift and enhance the quality of life for vulnerable groups, ensuring inclusive growth and sustainable development.
CSR Committee
Polymatech has constituted a dedicated Corporate Social Responsibility Committee comprising:
- Mr. Nandam Eswara Rao – Member
- Mrs. Nandam Uma – Member
- Mrs. Rapala Virtanen Tarja Hannele – Member
The Board of Directors retains the right to reconstitute the CSR Committee as required, in accordance with prevailing laws and government notifications. The Committee exercises powers and performs functions as specified in Section 135 of the Companies Act, 2013, and related CSR Rules.
CSR Focus Areas
We are committed to supporting initiatives in the following areas:
- Eradicating hunger, poverty, and malnutrition
- Promoting preventive healthcare and sanitation
- Supporting the Swachh Bharat Mission
- Advancing education and skill development
- Empowering women, senior citizens, and differently-abled individuals
- Promoting environmental sustainability and conservation
- Preserving national heritage, art, and culture
- Contributing to national funds like the Prime Minister’s Relief Fund and Clean Ganga Fund
- Supporting armed forces veterans, war widows, and dependents
- Encouraging sports, especially rural, Paralympic, and Olympic sports
- Funding government-approved incubators and research institutions
- Advancing rural development and slum improvement projects
- Promoting science, technology, engineering, and medical research to support the Sustainable Development Goals (SDGs)
We also support other projects aligned with CSR guidelines to uplift disadvantaged sections of society.
CSR Policy Scope
This CSR Policy applies to all projects and initiatives undertaken by Polymatech. It will be reviewed and updated periodically to align with evolving corporate governance standards, sustainable practices, and regulatory requirements under Schedule VII of the Companies Act, 2013.
Governance and CSR Strategy
The Board of Directors is responsible for approving the CSR Policy, while the CSR Committee formulates and administers it. The CSR activities may be:
- Implemented directly by Polymatech,
- Executed through registered trusts, societies, or Section 8 companies,
- Undertaken in collaboration with NGOs, corporate foundations, or other companies, wherever feasible.
The CSR Committee also oversees project selection, implementation, compliance, monitoring, and reporting processes.
CSR Spending
Polymatech is committed to earmarking the required percentage of its profits for CSR activities, as mandated by law. Any surplus generated from CSR projects will be reinvested into CSR initiatives and will not form part of business profits.
Implementation of CSR Programmes
Our CSR activities may be carried out through:
- Self-implementation by relevant HR or CSR departments,
- Implementation partners such as registered public trusts, societies, or Section 8 companies,
- Polymatech’s own foundation (if applicable),
- Strategic alliances with other organizations to ensure effective execution.
Each CSR project will have clear goals, timelines, and measurable outcomes to ensure transparency and impact.
Monitoring and Reporting
Polymatech follows a robust and transparent monitoring framework for all CSR initiatives. The CSR Committee ensures that:
- Objectives are based on assessed societal needs,
- Projects have measurable targets and defined timelines,
- Progress is monitored regularly and reported to the Board,
- Compliance is maintained with Section 135 of the Companies Act, 2013, and applicable CSR Rules.
Periodic impact assessments and reporting mechanisms help in reviewing the success and alignment of CSR projects with our broader mission.
At Polymatech, we are committed to making a difference — building a future where corporate growth and social good go hand in hand.
