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.
Tonguestun as a responsible corporate has the vision of promoting an inclusive and sustainable development of the environment it operates.
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.
The Company proposes to implement its CSR activities in the following areas as laid down under Schedule VII of the Companies Act, 2013:
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
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.
The Company will report on the progress of its CSR initiatives in its annual report.