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As an integral part of our commitment to Good Corporate Citizenship, we at TMIBASL believe in actively assisting the improvement of the quality of life of the people / communities, giving preference to areas around our business operations. Towards achieving long-term stakeholder value creation, TMIBASL shall always continue to respect the interests of and be responsive towards its key stakeholders - the communities, especially those from socially and economically backward groups, the underprivileged and marginalized.
In our CSR journey towards achieving human development and excellence, we shall endeavor to deploy, in line with Schedule VII of The Companies Act 2013, as recommended by the CSR Committee of the Board and approved by the Board from time to time.
In order to leverage the demographic dividend of our country, Company’s CSR efforts shall focus on Health interventions for relevant target groups, ensuring diversity and giving preference to needy and deserving communities inhabiting in rural and urban India.
The corpus to be spent by TMIBASL on CSR shall include at-least 2% of the average net profits for preceding three financial years. Any surplus arising out of the CSR projects or programs or activities shall not form part of business profits of the company. CSR Policy implementation shall be periodically reviewed and monitored by CSR Committee of the Board.
We shall strive to nurture a vibrant culture of volunteering in our aspiration to leverage our core competencies and managerial, technological capabilities for CSR.
Chairman - CSR Committee