Corporate Social Responsibility – Games2win

GAMES2WIN INDIA PRIVATE LIMITED

CIN: U72200MH2006PTC160596

42, FILM CENTRE,68 TARDEO ROAD, MUMBAI 400034

CORPORATE SOCIAL RESPONSIBILITY POLICY

Introduction to Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) is a practice through which a Company contributes to the economic and social development of communities in which it operates. It is the way in which businesses regulate themselves in order to ensure that all of their activities positively affect society as a whole. CSR policies aim to guarantee that companies work ethically, considering human rights as well as the social, economic and environmental impacts of what they do as a business. Businesses should meet, and aim to exceed, any relevant legislation, and if legislation does not exist in a particular area, the company should ensure they carry out best practices anyway. 

Accordingly, GAMES2WIN INDIA PRIVATE LIMITED (GAMES2WIN) CSR policy is driven by the intent to make a material, visible and lasting difference to the lives of disadvantaged sections of the society and a bring positive contribution to the welfare of society at large through a dedicated CSR budget carved out of our profits for assorted but deserving CSR initiatives PAN India.

Who we are and what we do

Games2win India Private Limited (“the company”), incorporated on 21st March, 2006 is in the business of developing and publishing mobile gaming applications. The company is co-founded by Mr.  Alok Kejriwal and Mr. Mahesh Khambadkone. The company’s gaming applications are made in India for the world and its popular gaming titles in the Google Playstore and Apple Appstore. The Company’s gaming categories include driving, dress-up and stories. From the financial year ended 31st March 2018 and FY 2018-19 the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility) Rules, 2014 have been triggered and are consequently applicable to the company.   

Compliance with Companies Act, 2013

The Company frames this policy in compliance with Section 135 of the Companies Act, 2013 (the Act) read with the Companies (Corporate Social Responsibility Policy), Rules 2014 (the CSR Rules) and to determine the scope of CSR activities to be undertaken by the Company in accordance with Schedule VII of the Companies Act, 2013.

Objectives: 

CSR projects are an important source of innovation and a good way of engaging employees. The Company’s CSR policy is designed to focus on holistic development of target communities, including employees, and endeavour to create long-term social and economic value for the organisation and society.

In pursuance of this, the Company will address a slew of associated objectives in the conduct of its CSR intervention, as under:

i. Act as a good corporate citizen by making a sustained positive contribution to the welfare of society at large;

ii. Identify the gaps and extend need based contribution for the betterment of the society, particularly its disadvantaged sections;

iii. Contribute for the sustainable and holistic development of the underserved communities through various programmes having multi-dimensional impact;

iv. Generate community goodwill by making proactive interventions that will create an enduring image of the Company as a socially responsible entity.

Corporate Social Responsibility Committee: The Board of Directors of the Company has constituted a Corporate Social Responsibility Committee (“CSR Committee”) to assist the Board to effectively discharge its corporate social responsibility obligations. The CSR Committee shall exercise the powers and responsibilities vested to it under the Companies Act, 2013 and rules thereunder, or any re-enactment thereof. The CSR Committee shall function as per responsibilities outlined in this policy and shall monitor the policy from time to time. The Board will continue to have the overall responsibility in respect of all CSR matters.

CSR Committee shall:

(a) formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate the activities to be undertaken by the company as specified in Schedule VII;

(b) recommend the amount of expenditure to be incurred on the activities referred to in clause a); and

(c) review and monitor the Corporate Social Responsibility Policy of the company from time to time.

Composition of CSR Committee:

In compliance with Section 135 of the Companies Act, 2013, Board of Directors of the company has constituted CSR committee on 19th September, 2019 consisting of following two directors:

1. Mr. Alok Kejriwal , CEO 

and 

2. Mr. Satish Iyer, CFO

to formulate, envisage and oversee the activities to be undertaken by the Company as specified in Schedule VII and to monitor the policy from time to time.

Applicability:

The policy shall apply to all CSR initiatives and activities to be undertaken by the Company at various locations, within India, for the benefit of targeted segments of the society.

CSR Activities: 

The Company endeavour to pursue any one or more activities as covered/ authorized in terms of provisions of Schedule VII of the Companies Act, 2013, and the same are listed herein below: 

  1. eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water;
  2. promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
  3. promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
  4. ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water;
  5. protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts:
  6. measures for the benefit of armed forces veterans, war widows and their dependents;
  7. training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports;
  8. contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
  9. contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government or State Government
  10. rural development projects;
  11. slum area development;
  12. disaster management, including relief, rehabilitation and reconstruction activities;
  13. Any other measures with the approval of Board of Directors on the recommendation of CSR Committee subject to the provisions of Section 135 of Companies Act, 2013 and rules made there-under.

Core focus area for CSR:

Out of approved CSR activities, Company has adopted the following core area for its CSR initiatives, from the activities spelt out under Schedule VII of the Companies Act 2013:

Promoting Education (including specialized and employment oriented vocational skills) and Livelihood enhancement projects;

The Company’s CSR initiatives in the area of Promotion of Education and Livelihood enhancement may aim at promoting access to education, including special education and employment enhancing vocational skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects. The broad activities may include, but not be limited to the following:

i) Support to Technical /Vocational Institutions for their self -development.

ii) Academic education by way of financial assistance to Primary, Middle and Higher Secondary Schools.

iii) Supporting computer literacy by promoting IT education in schools/ village community centres, through establishing Smart Classes;

iv) Interventions aimed at promoting education for children, especially for the girl child and thereby arresting drop-out rates;

v) Organising literacy camps;

vi) Special attention on education, training and rehabilitation of mentally & physically challenged children/persons and widows.

vii) Spreading legal awareness amongst people and disadvantageous sections of the society about their rights & remedies available.

viii) Promotion of Professional Education by setting up educational Institutions offering courses in Engineering, Nursing, Management, Medicine and in Technical subjects etc.

ix) Provide fees for a period of one year or more to the poor and meritorious, preferably girl students of the school in the operational area of the Company to enable them to get uninterrupted education.

x) Initiating and supporting livelihood activities at the local level based on existing skills and resources.

Exclusions from CSR

The activities, which benefit only the employees and their families, shall not be considered as CSR activities.

CSR activities to be undertaken by the Company as per its stated CSR policy shall exclude activities undertaken in pursuance of its normal course of business.

Contribution of any amount directly or indirectly to any political party under Section 182 of the Companies Act, and towards activities, which are political/ religious/ sectarian in nature, shall not be considered as CSR activity.

Budget for CSR Activity & CSR Expenses: 

The Company shall allocate the budget for CSR activities. The minimum budgeted amount for a financial year shall be 2% of the average net profit of three immediately preceding financial years. The Company may allocate more funds /amounts than the minimum amount prescribed under section 135 of the Companies Act, 2013, for the CSR activities for any financial year, if the objective of the CSR activity so demands. The Committee shall calculate the total fund for the CSR activities and recommend to the Board for the approval. The Board shall approve the total fund to be utilized for CSR activity for respective financial year. CSR expenditure shall include all expenditure including contribution to corpus for projects or programs relating to CSR activities approved by the Board on the recommendation of its CSR Committee, but does not include any expenditure on an item; not in conformity or not in line with activities which fall within the approved CSR activities. The CSR activities undertaken in India only shall amount to CSR Expenditure. 

Monitoring by the Board and its responsibility: The Board of Directors shall constantly monitor implementation of the CSR activities and suggest recommendations, if any, to the committee with regard to implementation process. In the event, the Company fails to spend the amount as required towards CSR, the Board of Directors shall specify the reasons for not spending such amount in the Directors’ report of that financial year.

Amendment to the Policy:

The Board of Directors on its own and/or on the recommendation of CSR committee can amend its policy as and when required deemed fit. Any or all provisions of CSR Policy would be subjected to revision/amendment in accordance with the regulations on the subject as may be issued from relevant statutory authorities, from time to time.

Disclosure of the Policy: The CSR policy recommended by the CSR Committee and approved by the Board shall be displayed on the Company’s website if any and shall be disclosed in the Board’s report as well.

Recommended by the CSR Committee of

GAMES2WIN INDIA PRIVATE LIMITED

In its meeting held on 31st December, 2019

CSR Spends and Areas

Financial Year 2021-22

Sr. NoName of the Identified OrganizationIdentified CSR Activity
1.Ved Vignan Maha Vidya Peeth (part of “Art of living foundation”)
Promoting Education
a)Gift a smile – education  of girl children
b)Education of underprivileged Children
Project Location: Tinsukia Assam
2.Paramhansa YoganandaPublic Charitable Trust
(part of “Art of living foundation”)
Empowering Woman
Welfare of Widows
Project Location: (Mathura, Uttar Pradesh

CSR Spends and Areas

Financial Year 2020-21

Sr. NoName of the Identified OrganizationIdentified CSR Activity
1.Ved Vignan Maha Vidya Peeth (part of “Art of living foundation”)
Promoting Education
a)Gift a smile – education  of girl children
b)Education of underprivileged Children
Project Location: Bangalore, Karnataka
2. Ved Vignan Maha Vidya Peeth (part of “Art of living foundation”)Promoting Education
a)Gift a smile – education  of girl children
b)Education of underprivileged Children
Project Location: Tinsukia Assam
3. Paramhansa YoganandaPublic Charitable Trust(part of “Art of living foundation”)Empowering Woman
Welfare of Widows
Project Location: (Mathura, Uttar Pradesh

CSR Spends and Areas

Financial Year 2019-20

Sr. NoName of the Identified OrganizationIdentified CSR Activity
1.Ved Vignan Maha Vidya Peeth 
(part of “Art of living foundation”)
Promoting Education
a)Gift a smile Education of underprivileged Children
Project Location: Bangalore, Karnataka