CSR Policy

We are in this together, for each other.

At Sedin, we recognize that every milestone we achieve has been reached through the effort and dedication of our entire team of Sedinites. Whilst we celebrate our work and wins, we understand that it is crucial to give back to the community and society that has fostered our knowledge and skills, and help each other progress towards our goal. Not only through our technological ventures and innovation, we also actively look to use our resources and influence to maintain the sustainability and stability of our surroundings

Companies Act

The Enactment of Companies Act, 2013 by the Ministry of Corporate Affairs, Government of India, has brought about statutory obligations on companies to take up various Corporate Social Responsibility (CSR) projects towards social causes and welfare activities.

Adapt

Sedin Technologies (‘Sedin’ or the ‘Company’) looks to proudly adopt such practices into our ecosystem and undertake various initiatives to tangibly and positively impact our society and the environment. As a company firmly rooted in ethical practices and beliefs, we extend our values towards the larger community and circle of people.

CSR Activities and Focus Areas

The Company is to undertake projects which fall under any of these focus areas as specified by the Schedule VII of the Act. All such initiatives will be undertaken in accordance with the activities specified in Schedule VII of the Act, read with Section 135 of the Act.

CSR Committee

As per the provisions of Section 135 of the Act, the Board of Directors of the Company has vested the responsibility of overseeing the CSR implementation to the CSR Committee (‘Committee’). The Committee will be held responsible for all decisions taken with respect to the Company’s CSR obligations:

Dinesh VV

CEO & Co-founder, Sedin

Vimala R

General Manager - Finance, Sedin

Jagadeesan V

Co-founder, Datakulture

Manikandaraman A

Director & CFO, Sedin

Avinash Poojari

AVP - Talent Acquisition, Sedin

Responsibilities of CSR Committee

Formulate and
recommend to the
Board, a Corporate
Social Responsibility
Policy which shall
indicate the activities
to be undertaken by
the Company in areas
or subject, specified in
Schedule VII

Recommend the amount of expenditure to be incurred on the activities referred to in clause (a).

Monitor the Corporate Social Responsibility Policy of the company from time to time.

CSR Expenditure

The Board of the Company shall ensure that the company spends, in every financial year, at least two per cent of the average net profits of the company made during the three immediately preceding financial years.

Provided that the company shall give preference to the local area and areas around it where it operates, for spending the amount earmarked for Corporate Social Responsibility activities:

Provided further that if the company fails to spend such amount, the Board shall, in its report made under clause (o) of sub-section (3) of section 134, specify the reasons for not spending the amount and, unless the unspent amount relates to any ongoing project, transfer such unspent amount to a Fund specified in Schedule VII, within a period of six months of the expiry of the financial year.

Provided also that if the company spends an amount in excess of the requirements provided under this subsection, such company may set off such excess amount against the requirement to spend under this subsection for such number of succeeding financial years and in such manner, as may be prescribed

A company will undertake any amount remaining unspent under any ongoing project in pursuance of its CSR policy. The company shall transfer this amount within thirty (30) days after the end of the financial year to an account called the “Unspent Corporate Social Responsibility Account.” It is supposed to be used for CSR activity within three years, failing which, the company will keep the funds specified in Schedule VII.

Disclosure of CSR

As per CSR obligations, the contents of the CSR Policy shall be included in the Directors’ Report and the same shall be displayed on the Company’s website if any. The Committee will submit an Annual Report for review of the Board in accordance with the rules of the Companies Act, 2013

Corporate Social Responsibility (CSR) Policy of Sedin Technologies