Lion Pencils Limited (LPL), believes that in alignment with its the vision, LPL through its CSR initiatives will continue to enhance value and promote social sustainability, sustainable development of the environment and social welfare of the people and society at large.
The Company through its CSR initiatives, will enhance value creation in the society and in the
community in which it operates, through its services, conduct & initiatives, so as to promote
sustained growth in the society and community around it along with environmental concern. The
objective of this policy is to operate its business in an economically, socially & environmentally
sustainable manner, while recognizing the interests of all its stakeholders and other objects of the
Company.
Further, take up those programmes directly or indirectly, that benefit the communities and
society at large, over a period of time, in enhancing the quality of life & economic well being of
the local populace.
LPL shall identify any one or more of the following areas for its CSR activities:
This policy is titled as the “LPL CSR Policy" and it shall apply to all CSR initiatives and activities taken up by the company for the benefit of the society.
For achieving its CSR objectives through implementation of meaningful & sustainable CSR programs, LPL will allocate statutorily permissible atleast 2% of its average past three financial year’s net profit and the said amount shall be worked out in accordance with the requirements of the provisions of law for the time being in force and this would be the overall Annual CSR Budget.
Any unspent / unutilized CSR allocation of a particular year, will be dealt with in due compliance of law for the time being in force. Any surplus arising out of CSR Projects or Programs or activities may not form part of the business profits of a Company.
3 prominent members