Disclosure Policy
CSR POLICY
As per Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014
1. INTRODUCTION
Discoveryland Preschool Private Limited (“the Company”) is an educational venture dedicated to nurturing children with values of learning, morality, spirituality, courage, patriotism, leadership, and endurance—creating individuals who stand out in society.
The Board of Directors has adopted a Corporate Social Responsibility (CSR) Policy, based on recommendations from the CSR Committee, in line with Schedule VII of the Companies Act, 2013. The objective is to contribute meaningfully to sustainable societal and environmental development.
2. OBJECTIVES
The CSR Policy is designed to:
Define a framework for CSR initiatives.
Lay down guiding principles, standards, and mechanisms to execute CSR projects.
Identify CSR activities in both rural and urban areas that enhance quality of life and contribute to national development.
Ensure transparent reporting in compliance with Section 135 of the Companies Act.
Focus on CSR initiatives aligned with Schedule VII of the Act.
This policy shall apply to all CSR activities undertaken by the Company in India.
3. DEFINITIONS
Act: The Companies Act, 2013 and associated rules, as amended.
Board: Board of Directors of the Company.
Company: Discoveryland Preschool Private Limited.
CSR / Corporate Social Responsibility: As defined under Section 135, including activities listed under Schedule VII.
CSR Committee: The committee constituted under Section 135(1) of the Act.
CSR Activities: Projects/programs undertaken under Schedule VII, excluding normal business activities or those benefiting employees/families.
CSR Policy: This policy outlining the Company’s CSR framework.
Net Profit: As defined under Section 198 of the Act.
4. CSR COMMITTEE COMPOSITION
In compliance with Section 135, the CSR Committee consists of:
Mr. Pritesh Rajkumar Agrawal
Mrs. Vandana Rajkumar Agrawal
The committee may include external experts or executives to advise on CSR initiatives. It will also establish a transparent monitoring mechanism for implementation and reporting.
5. TERMS OF REFERENCE – CSR COMMITTEE
The CSR Committee is responsible for:
Identifying CSR opportunities in line with Schedule VII.
Recommending the mode of execution.
Drafting and updating the CSR Policy.
Selecting suitable implementation partners (NGOs, agencies, etc.).
Recommending Annual CSR Plans to the Board, including:
List of approved projects
Execution methods
Fund utilization & timelines
Monitoring/reporting methods
Impact assessments (if any)
Coordinating and operationalizing CSR projects.
Performing additional duties as prescribed by the Act or the Board.
6. IMPLEMENTATION OF CSR ACTIVITIES
CSR projects will be implemented via:
A Section 8 company or registered trust/society with 12A & 80G certification.
Central/State Government-established trusts or societies.
Entities with at least 3 years of track record in similar activities.
Any permitted entity under the Act and Rules.
Implementing partners must be registered with the Registrar of Companies via CSR-1. The Company may execute projects itself or pool resources with other companies, provided each reports separately as per the Act.
Specialized agencies (govt/autonomous bodies, NGOs, academic institutions, etc.) may be involved in implementation.
7. CSR ALLOCATION
The CSR Allocation will include:
At least 2% of the average Net Profits of the past 3 financial years.
Income or surplus arising from CSR activities (not added to business profits).
Specific contributions received for CSR.
Unspent CSR Amount for ongoing projects will be transferred to an Unspent CSR Account within 30 days post financial year-end and used within 3 years. If not spent, it will be transferred to a Schedule VII Fund within 30 days of the third year’s end.
8. CSR BUDGET
The CSR Budget for each financial year will be approved by the Board upon CSR Committee recommendation.
9. REPORTING
CSR reporting will be as per:
Format prescribed in the Companies (CSR Policy) Amendment Rules, 2021.
Section 134(3)(o) of the Companies Act.
If CSR Budget is not fully spent:
Reasons will be disclosed in the Board’s CSR Report.
For ongoing projects, unspent amounts will be transferred to the Unspent CSR Account or Schedule VII Fund, as applicable.
Excess expenditure may be adjusted against future obligations (up to 3 years).
10. CSR ACTIVITIES (Indicative List)
The Company may undertake projects in the following areas:
Hunger eradication, health care & sanitation.
Education and vocational skills development.
Gender equality and empowerment.
Environmental sustainability & conservation.
Protection of heritage and promotion of art & culture.
Support to armed forces veterans and their families.
Promotion of sports, including Paralympics and Olympics.
Contributions to national relief or social welfare funds.
Support to government-approved incubators and research bodies (e.g., IITs, ICMR, CSIR, DRDO, DST).
Rural development projects.
Urban slum development.
Disaster management including relief and rehabilitation.
Preference shall be given to local areas where the Company operates.
11. MONITORING MECHANISM
The CSR Committee shall:
Ensure compliance with this policy and the Act.
Monitor implementation via project-based reporting, defined deliverables, and budgets.
Report deviations or issues to the Board for corrective action.
12. CAPACITY BUILDING
CSR capacity building may include training Company personnel or partner agencies through institutions with at least 3 years of experience in CSR or relevant fields.
13. AMENDMENTS
The CSR Committee may recommend modifications to this policy to the Board. In case of inconsistencies with the Companies Act or Rules, the Act will override the policy.
14. GENERAL
In case of doubts or areas not covered under this policy, the matter shall be referred to the CSR Committee or its Chairperson. Final decisions rest with the Board of Directors based on CSR Committee recommendations.
