Corporate Social Responsibility Policy



The main objective of CSR policy is to make CSR a key business process for sustainable development of the society. Punjab Retail will act as a responsible and good corporate entity and aims at supplementing the role of Government in enhancing the welfare measures of the society within the framework of its policy and will cover the activities as per schedule VII of the Companies Act, 2013 as mentioned below.


The Company would endeavor to adopt an integrated approach to address the community, societal & environmental concerns by taking up a range of the following activities, which shall be taken up strategically, in a focused manner to the extent possible and allowed as per Section 135 of the Companies Act, 2013 and the applicable rules and regulations as may be prescribed in this regard, including any modification (s) thereof.


CSR activities will include the following activities relating to:—


Punjab Retail will abstain from carrying out the following activities under CSR that may create dissatisfaction in any section of the Society:-


The Board of Directors of the Company at their meeting held on 14thOctober, 2014 has constituted a Corporate Social Responsibility Committee of the Board (“CSR Committee”) consisting of Shri Darpan Anand as Chairman of the Committee and Smt. Anubha Anand as member of the Committee.

The CSR Committee shall –
Formulate and recommend to the Board, a CSR policy and activities to be undertaken by the company as per Schedule VII;
Recommend the amount of expenditure to be incurred on the activities; and
Monitor the Policy of the company from time to time.

The Board of the company shall after taking into account the recommendations made by the CSR Committee, approve the policy for the company and disclose contents of such Policy in its report and also place it on the company’s website and ensure that the activities as are included in the CSR Policy of the company are undertaken by the company.


A specific budget is allocated for CSR activities and spending on CSR activities shall not be less than 2% of the average net profits of the Company made during the three immediately preceding financial years, in pursuance of this policy.
In case Company fails to spend such amount, the Board shall specify the reasons for not spending the amount.
Approving authority for the CSR amount to be spent would be Managing Director or any one Director of the Company after due recommendation of CSR Committee and approval of the Board of Directors of the Company.
The CSR Policy mandates that the surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company.
The CSR projects or programs or activities undertaken in India only shall amount to CSR expenditure.
CSR expenditure shall include all expenditure including contribution to corpus, for projects or programs relating to CSR activities approved by the Board on the recommendation of the CSR Committee, but does not include any expenditure on any item not in conformity or not in line with activities which fall within the purview of Schedule VII of the Companies Act 2013. Tax treatment of CSR spent will be in accordance with the Income Tax Act, 1961 as may be notified by CBDT.



Regular update on the CSR initiatives undertaken and/ or to be undertaken shall be given to the CSR Committee. The impact of the CSR activities may be quantified to the extent possible. The Chairman of CSR Committee shall draw a time frame from the date of initiation. In case of any delay noticed while monitoring the CSR initiatives, remedial measures shall be taken for timely completion of the Project.