Tonguestun
Corporate Social Responsibility Policy

I. Tonguestun’s philosophy

Tonguestun Food Network Private Limited (hereinafter referred as 'Tonguestun') strives for the betterment of the society in all spheres and believes that Corporate Social Responsibility ('CSR') extends beyond the ambit of the business and focuses on human, environmental and social assets.

II. Vision on CSR

Tonguestun as a responsible corporate has the vision of promoting an inclusive and sustainable development of the environment it operates.

III. Objectives

Tonguestun’s CSR policy strives for economic development that have positive impact on the society at large with special focus on addressing hunger, malnutrition, poverty, education and health apart from other areas through its activities.

IV. SCOPE

The Company proposes to implement its CSR activities in the following areas as laid down under Schedule VII of the Companies Act, 2013:

  1. Eradicating hunger, poverty and malnutrition and promoting preventive health;
  2. Promoting education including vocational skills among children, women and elderly and differently abled;
  3. Promoting gender equality, empowerment of Women and setting up homes for women and orphans;
  4. Ensuring environmental sustainability, ecological balance and animal welfare;
  5. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
  6. Rural development projects;
  7. Contribution to the Prime Minister‘s National relief fund or any other fund set up by the Central Government;
  8. Any other activity as covered under Schedule VII of the Companies Act, 2013, as amended from time to time.

V. Monitoring of CSR Activities

The CSR Committee will recommend to the Board 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

VI. CSR EXPENDITURE

The Board shall ensure that a minimum of two percent of the average net profits of the Company of the last three years is spent on the CSR programs / activities of the Company. In case at least two percent of the average net profits of the Company of the last three 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.

VII. CSR Reporting and Communication

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