Striving to do our bit for society
1.Objective of Corporate Social Responsibility:
Unichem has engaged in Corporate Social Responsibility [CSR] activities for decades and much before the same became a mandatory responsibility of Corporates.Unichem being a pharmaceutical company is naturally inclined to improve the health of general public at large and the Company is well known for its Quality and Reliability over the years. Unichem also focused on improving the health of particularly economically backward communities like Scheduled Tribes and in the field of education.
- Promoting health care including preventive health care and sanitation mainly in the economic backward sections;
- Promoting education with primary focus on under privileged children in the backward areas.
- Making available safe drinking water;
- Training to promote recognized sports for children and
- Promoting projects under Swachh Bharat Abhiyan
The Company would undertake other need based activities in compliance with Scheduled VII of the Companies Act, 2013.
The above mentioned CSR initiatives focus on recognized activities mentioned in Schedule VII of the Companies Act, 2013, as amended from time to time.
3.Terms of reference of the committee:
(i) To Formulate and recommend to the Board, a Corporate Social Responsibility Policy and any revisions thereof which shall indicate the activities to be undertaken by the company as specified in Schedule VII;
(ii) To Recommend the amount of expenditure to be incurred on the activities referred to in clause (i); &
(iii) To Monitor the Corporate Social Responsibility Policy of the company from time to time.
4.Implementation, Review and Reporting:
The approved CSR programme will be monitored and implemented by CSRCommittee with the assistance of designated Senior Executives ofthe Company.
Once in six months or at such intervals as desired by the CSR committee, the above CSR activities will be reviewed and monitored by the Committee and a reporton theCSR activities undertakenshall be placed beforethe Board by theCSR Committee
The CSR Policy shall be periodically reviewed and appropriately revised by the CSR Committee
Minimum of two (2%) of the Average Net Profit (before tax) of the preceding three years will be allocated every financial year for CSR activities. Any reasons for non spending of the amount allocated to CSR shall be explained in the Report to the Shareholders.
Any unspent/unutilised CSR allocation of a particularfinancial year, may, at the joint discretion of the CSR Committeeand the Board of Directors of the Company be carried forward to the following year.
This Policy has been amended, approved and adopted by the Board of Directors at their meeting held on March 31, 2018 .
Adiwasi Unnati Mandal (AUM)
The Adiwasi Unnati Mandal (AUM) was founded by the late Mr. Amrut Mody along with co-founder, the late Mr. Shantibhai Sheth. Unichem’s Chairman and Managing Director, Dr.Prakash. A Mody, is a trustee at AUM and has carried over his father’s legacy to achieve the mission of AUM, which caters to various needs of the Adiwasi population at Shahpur Taluka in Thane District, especially for the economically backward sections. AUM has a strong and dedicated team of doctors and paramedic.
AUM has been providing the following community services:
- Medical activities through OPD camps
- Donation of spectacles after cataract surgery
- Dental extractions, treatment and preventive care for children
- Special treatment for tuberculosis, leprosy and epilepsy
- Equipment for school laboratory and sports; notebooks, compass boxes and lunch boxes to school children
- Mid-day meals like Khichadi, biscuits, fruit juices, milk powder and drinking water to Adiwasis
- Improving hygiene by providing washroom facilities
- Career guidance to S.S.C. and H.S.C. students and distribution of awards to top rankers
AUM has its own “Amrutshanti Community and Health Centre” at Taki in Shahpur Taluka, where it caters mainly to medical needs of the Adiwasi population.