CSR Policy


Corporate Social Responsibility (“CSR”) is strongly connected with the principles of sustainability. Hindustan Pencils Private Limited (HPPL) believes in a greater responsibility towards society and in the betterment of the quality of life. The policy is to be read in alignment with the requirements of Section 135 of the Companies Act, 2013 (the Act) and the corresponding rules made there under, as amended from time to time (‘CSR Rules’), Schedule VII of the Act. In case of any contradiction between this policy and provisions of the Act and Rules made there under, the later shall prevail.


The policy is applicable across HPPL. The scope of this policy is to strategically draw the guiding principles for selection, implementation and monitoring of CSR activities.


As a responsible corporate citizen, HPPL is committed to sustainable development and inclusive growth and has been focusing on a wide range of issues in relation to grass roots education, social advancement and promoting gender equality and empowerment of women.


HPPL is committed to its stakeholders to conduct its business in an accountable manner that creates a sustained positive impact on society. The policy includes contributing or adopting projects in the following areas of intervention defined in Schedule VII of the Companies Act:

  • Livelihood enhancement projects.
  • Ensuring environmental sustainability.
  • Promoting education.
  • Other activities defined in Schedule VII as may be identified in future by the CSR committee.


The Company shall implement the identified CSR Projects by the following means:

  • The Company may itself implement the identified CSR Projects presently within the scope and ambit of the areas as defined in this Policy.
  • The Company may undertake the CSR activities through entity(ies) covered under sub-rule (1) of Rule 4 of Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended.


The CSR Committee of HPPL shall consist of two or more Directors.

Terms of Reference - The terms of reference of the CSR Committee shall, inter-alia include the following:

  • To recommend to the Board, a CSR Policy which will indicate the activities to be undertaken by the Company in accordance with Schedule VII of the Companies Act, 2013.
  • To review and recommend the amount of expenditure to be incurred on activities to be undertaken by the Company.
  • To monitor the CSR policy from time to time.


HPPL is committed to spend 2% of its average net profits made during the immediately preceding three financial years on CSR activities every financial year. If during any financial year HPPL spends an amount in excess of 2% of its average net profits, the same will be considered as excess CSR spends for the financial year and will be set-off in the immediately succeeding three financial years subject to fulfilment of conditions prescribed under the Act and the CSR Rules, if the Board decides to do so.


Mr. Kirti B. Sanghvi Managing Director Chairman
Mr. Haren B. Sanghvi Managing Director Members
Mr. Natvarlal Patel Director Members


Name of the Project Sector in which project is covered as per Schedule VII of the Companies Act, 2013 Name of Implementing Agency
Construction of Women’s Institute for training for being self-reliant. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects. Rajula Educational Trust,
510, Himalaya House, 79 Palton Road,
Mumbai 400001
(Trust Reg No.TR/11054, dated 19/06/1976)