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CORPORATE SOCIAL RESPONSIBILITY
Policy

About CSR Policy

The CSR Policy has been formulated and adopted in terms of Section 135 of the Companies Act, 2013 and the Rule/ classification made there under. CORPORATE SOCIAL RESPONSIBILITY POLICY “Here whatever hour you come, you will find light and help and human kindness”.

Objectives

Breach Candy Hospital Trust (BCHT) is committed to support the needs of underprivileged sections of the society and thereby undertakes corporate social responsibility initiatives in accordance with the terms of Section 135 of the Companies Act, 2013 and the Rules/ guidelines stated in Schedule VII of the Companies Act 2013 (as amended from time to time).

CSR Committee

The Board of Trustees of BCHT have constituted a CSR Committee comprising of three Trustees as mentioned below.

NameRole
Mr Suresh Goklaney (Non Executive Trustee)Chairman
Mrs K A Dubash (Non Executive Trustee)Member
Mr M K Mistry (Non Executive Trustee)Member
Role Of CSR Committee

The CSR Committee will play the following role in fulfilling BCHT’s CSR objectives:

Recommendation of the project/ program to be undertaken within the long term vision and strategy in respect of CSR activities, amount of expenditure to be incurred, types of activities, roles and responsibilities of various stakeholders etc. Formulation of a monitoring mechanism for ensuring implementation of the projects/programs undertaken or the end use of the amount spent by it towards CSR activities. The contribution will be made for any activities undertaken within India. The Committee will give preference to the local areas around it where it operates in spending the amount earmarked for CSR activities.

Role of Board of Trustees

The role of the Board with respect to CSR is as under:

Review the recommendations in respect of annual budget for CSR Disclose contents of the policy in the Hospital’s Annual Report/website; and Ensure that the Hospital spends/ transfers in every financial year, atleast two percentage of the average net profits made during the three immediately preceding financial years of the Hospital on CSR activities.

 

Disbursement of CSR budget

The Hospital Trust will undertake all or any of the permitted CSR activities through an established Trust/Association/Institution.

Process for undertaking CSR activities

The following procedure will be adhered to while funding CSR activities.

The annual amount of contribution will be paid to the selected Trust/ Association/ Institution. Employees of BCHT or their families will not be eligible for any benefit under this.

Monitoring

CSR Committee will institute a transparent monitoring mechanism for implementation of CSR Projects or programs undertaken by the selected Trust/ Association/Institution by calling for account of deployment from the said Trust / Association / Institution.

Dissemination of Information

The CSR Committee will report to the Managing Committee from time to time, the status of the CSR activities undertaken by it along with the report on the impact created by such projects/ activities.

The Hospital would upload this Policy on its website www.breachcandyhospital.org Further, detailed status report on the CSR activities carried out by the hospital will be disclosed every year as part of the Annual Report. The said information will also be uploaded on the website of the Company.

About CSR Activities

A) Brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs. 

Breach Candy Hospital Trust has formulated and adopted CSR policy in terms of sec 135 of the Companies Act, 2013 and the Rules/classification made thereunder. The Hospital has set up CSR Committee consisting of 3 Trustees.

The objective is to support the needs of the underprivileged sections of the society and thereby undertake CSR initiatives in accordance with the terms of the sec 135 of the Companies Act 2013 and the Rules/guidelines stated in Schedule VII of the Companies Act 2013.

B). The projects considered for funding are-
Providing care during child’s cancer treatment, helping people with Intellectual Disabilities, malnutrition control for children residing in slums and flood relief .

C). The details of the CSR policy is available in the “About” section of the website of www.breachcandyhospital.org.

 

 

CSR Committee

The Composition of the CSR Committee

NameRole
Mr. Suresh L. Goklaney (Trustee)Chairman
Mrs. Kulsum A. Dubash (Trustee)Member
Mr. D S Parekh (Trustee)Member
CSR Activities Financial Details

Average net profit of the company for the last three financial years – Rs 22 crores (previous year- Rs 25.50 crores)

Prescribed CSR Expenditure (two percent) – Rs 54 lakhs (Previous year - Rs 45 lakhs)

Details of CSR spent during the financial year.

i) A sum Rs 25 lakhs was spent and contributed to St. Jude India Childcare Centres for providing care during child’s cancer treatment, Rs 12.50 lakhs to Jai Vakeel Foundation for helping people with Intellectual Disabilities, Rs 12.50 lakhs to Nirmaya Health foundation for malnutrition control for children residing in slums in March 2020 itself (before the yearend) and distribution of free medicines to the tune of Rs 4 lakhs for flood relief in Maharashtra.

ii)Amount Unspent, if any: …..NIL.

Sr. NoCSR Project or activity identifiedSector in which the Project is coveredProjects or programs 1) Local area or other; 2) Specify the State and district where projects or programs was undertakenAmount outlay (budget) project or program wiseAmount spent on the projects or programs Sub-heads: (1)Direct expenditure on projects or programs- (2)Overheads:Cumulative expenditure up to the reporting periodAmount Spent: Direct or through implementing agency
1Providing support to a child during the child’s cancer treatmentMumbaiMaharashtraRs 25 lakhs1)Rs 25 lakhsRs 25 lakhsSt. Jude India Childcare Centres (A)
2Providing support to people with Intellectual DisabilitiesMumbaiMaharashtraRs 12.50 lakhs1)Rs 12.50 lakhsRs 12.50 LakhsJai Vakeel Foundation (B)
3Malnutrition control in children’s residing in SlumsMumbaiMaharashtraRs 12.50 lakhs1)Rs 12.50 lakhsRs 12.50 LakhsNirmaya Health Foundation(C)
4Medicines provided Flood reliefLaturMaharashtraRs 4 lakhs1)Rs 4 lakhsRs 4 LakhsGovt. of Maharashtra(D)
  1. St. Jude India Childcare Centres (St. Judes or SJICC) provides a home away from home for children undergoing cancer treatment. These children, accompanied by their parents, come from small villages and distant towns where medical treatment for cancer is not available
  2. The Jai Vakeel Foundation and Research Center provides holistic services delivered by well-trained staff through a nationally recognized curriculum and an engaged parent body. The foundation aims to deliver a physical, social and cultural environment compatible to greater learning and growth for individuals with intellectual disability
  3. Niramaya Health Foundation is a grassroots non-governmental organization founded in 2001 by service minded and dedicated public health professionals from Pratham Education. The micronutrient deficiencies in preschool children prompted the team to start this organization to address unmet nutritional needs in the children
  4. The Government of Maharashtra is the elected government for the state of Maharashtra in India.
A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company.

This is to confirm that the implementation and monitoring of CSR policy, is in compliance with CSR objectives and policy of the Company.

Suresh L Goklaney
Chairman of CSR Committee

N Santhanam
Chief Executive Officer

Extract of
Annual Return

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