Farm Enterprises Limited


  • Policy Statement

    • Farm Enterprises Limited (“the Company”) believes that Corporate Social Responsibility (“CSR”) extends beyond the ambit of business and should focus on a broad portfolio of assets - human, physical, environmental and social.
    • This Policy is framed pursuant to the provisions of Section 135 of the Companies Act, 2013.
  • CSR Vision

    Promote sustainable and inclusive development as a responsible corporate citizen.

  • CSR Objective

    Promote a comprehensive and integrated development through social and economic transformation.

  • Core CSR Commitments (Programs / Activities)

    • Addressing identified needs of the underprivileged through initiatives directed towards
      1. Improving livelihood,
      2. Alleviating poverty,
      3. Promoting education,
      4. Empowerment through vocational skills and
      5. Promoting health and well-being.
    • Preserve, protect and promote art, culture and heritage
      1. Promoting India’s art, culture and heritage,
      2. Conducting promotional and developmental activities / programs.
    • Ensuring environmental sustainability, ecological balance and protection of flora and fauna
      1. Conducting activities which promote biodiversity,
      2. Conducting activities which promote ecological sustainability.
    • Any other activity falling within the scope of Schedule VII of the Companies Act, 2013 which would enable the Company to achieve its CSR objectives.
    • The CSR programs / activities of the Company, as above, are related / will relate to the activities included in Schedule VII of the Companies Act, 2013.
  • CSR Governance and Implementation

    The Company would be carrying on its CSR programs / activities through Reliance Foundation and the contributions made by the Company to Reliance Foundation will be utilized for CSR programs / activities on behalf of the Company.

    To provide an impetus to various philanthropic initiatives, Reliance Foundation (RF) was set up by Reliance Group in 2010 as an expression of its vision towards sustainable growth in India.

    Reliance Foundation has taken the path of inclusive development to address the basic needs of the vulnerable sections of the society. The Foundation has cumulatively touched the lives of 4 million people in over 5000 villages and various urban locations. The Foundation works with some of the most vulnerable and marginalized communities across India, with the objective of integrating them into mainstream development process of the country.

    Reliance Foundation focuses on these core pillars - Rural Transformation, Education, Health, Urban Renewal and Arts, Culture & Heritage.

    In view of the organization structure, reach and expertise of Reliance Foundation in CSR related programs / activities, the Company will continue to carry on its CSR programs / activities through Reliance Foundation.

  • Monitoring of CSR Activities

    The CSR Committee of Directors of the Company will recommend to the Board of Directors of the Company the amount of expenditure to be incurred on CSR programs/activities, monitor the CSR Policy of the Company and review its implementation by the Company through Reliance Foundation.

  • CSR Reporting and Communication

    The Company will report on the progress of its CSR initiatives in its Annual Report.

  • Corporate Social Responsibility Committee (CSR Committee)

    • The Board of Directors will constitute a 3 member CSR Committee consisting of atleast 1 Independent Director.
    • The CSR Committee would formulate and recommend the draft CSR Policy to the Board of Directors and the Board of Directors would approve the Policy.
    • The Board would approve and adopt any changes in the CSR Policy subject to prevailing provisions of laws in this regard. The CSR Committee is responsible for decision making with respect to the CSR Policy.
    • CSR Committee will meet at least twice a year to review and monitor the implementation of CSR programs /activities of the Company.
  • Budget

    • The Board shall ensure that a minimum of 2% of the average net profits of the Company of the last 3 years is spent on the CSR programs / activities of the Company.
    • In case at least 2% of the average net profits of the Company of the last 3 years is not spent in a financial year, reasons for the same shall be specified in the Board’s report.
    • All expenditure towards the CSR programs / activities will be diligently documented.
    • Any surplus generated out of the CSR programs / activities of the Company will not be added to the normal business profits of the Company.
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