CSR Policy

Shako Flexi Pack Private Limited (SFPPL) recognizes that as packaging material manufacturing company, operations have an impact on society and on the environment. In addition to ensuring that operations are conducted efficiently and in a manner that meets governmental environmental standards, the Company is committed in ensuring that the communities where it operates also benefits and develops together.

The SFPPL, have an intention to actively participate in the development of the communities where projects are located, which contributes to social and political stability in the areas where it operates.

With the advent of the Companies Act, 2013 constitution of a Corporate Social Responsibility Committee of the Board and formulation of a Corporate Social Responsibility Policy became a mandatory requirement. Therefore, the Company has formulated a CSR Policy which encompassed its philosophy and guides its sustained efforts for undertaking and supporting socially useful programs for the welfare & sustainable development of the society.

The Company will select one or more of the following CSR activities for implementation in the area of its operation, namely:

Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinkingwater;
promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihoodenhancement projects;
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;
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 including contribution to the Clean Gnaga Fund set-up by the Central Government for rejuvenation of river Ganga;
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;
measures for the benefit of armed forces veterans, war widows and their dependents;
Training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports.,
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;
Contributions or funds provided to technology incubators located within academic institutions which are approved by theCentral Government;
Rural development projects.

Notes:

Contribution of any amount directly or indirectly to any political party under section 182 of the Act, shall not be considered as CSR Activity/Expenditure.
CSR Activities undertaken in pursuance of the normal course of business of the Company and CSR Activities which benefit only the employee of the company and their family shall not be considered as CSR Activity.

The Companies Act, 2013 provides that the Company shall give the preference to the local area or areas around where it operates, for spending the amount earmarked for Corporate Social Responsibility. However the Committee may identify such areas other than stated above, as it may deem fit and recommend it to the Board for undertaking CSR activities.

The Company shall implement CSR activities by following means:

Company may itself implement the CSR activities within the scope and ambit of the CSR activities defined in this the policy.
Company may implement the CSR activities through a registered trust or a registered society or a company established by the Company or its holding or subsidiary or associate company under section 8 of the Act or otherwise:

Provided that:

If such trust, society or company is not established by the Company or its holding or subsidiary or associate company, it shall have an established track record of three years in undertaking similar programs or projects;
The company has specified the project or programs to be undertaken through these entities, the modalities of utilization of funds on such projects and programs and the monitoring and reporting mechanism.
Company may also collaborate with other companies for undertaking projects or programs or CSR activities in such a manner that the CSR Committees of respective companies are in a position to report separately on such projects or programs in accordance with Companies (Corporate Social Responsibility Policy)Rules, 2014.

The Company, in every Financial Year, shall endeavour to spend such feasible amount as CSR Expenditure, which shall not be restricted by the statutory limit of a specified percentage of its average net profits of the immediately preceding three Financial Years. However, the aforementioned CSR Expenditure in any Financial Year shall be at least 2% of Company’s average Net profits for the three immediately preceding Financial Years.
Total CSR expenditure shall be approved by the Board upon recommendation by the CSR Committee
In case the Company fails to spend the statutory minimum limit of 2% of Company’s average net profits of the immediately preceding three years, in any given financial year, the Board shall specify the reasons for the same in its report in terms of clause (o) of sub-section (3) of section 134 of the Act.

CSR Committee shall monitor the CSR Policy and CSR Activities. For this purpose, the CSR Committee shall meet at such intervals as it may deem fit.
Initiatives undertaken on the CSR front will be reported in the Annual Report of the Company.
CSR Committee shall ensure that the CSR Policy is displayed on the Company’s website

Any surplus arising out of the CSR Activities shall not form part of the business profit of the Company.
Company may built CSR capacities of their own personnel as well as those of their Implementing agencies through Institutions with established track records of at least three financial years but such expenditure shall not exceed five percent of total CSR expenditure of the Company in one financial year.

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

Any word used in this policy shall have the same meaning ascribed to it in the Companies Act, 2013 or Rule made thereunder, Listing Agreement, Accounting Standards or any other relevant legislation/law applicable to the Company.

We are Trusted Worldwide

Mr. Satish Gawas

Purchase Head

We have nominated Shakoflex laminates for all new machines we make at our shop floor. We take trials with Shakoflex laminates be it standup, centre seal, etc… they run perfectly on the machine. The laminate is engineered well and we are glad to be associated with them.

Mr. R. Kumar

Managing Director

We are proud to be associated with Shakoflex and it is a wonderful journey working with them hand in hand especially on new products and innovations and they are always happy to help and keenly interested in new developments and trials. I have known the team for over 2 decades and it is a pleasure working with them.

Mr. Ashish Meghani

Managing Director

Shakoflex laminates run flawlessly on our FFS lines be it liquids, solids right from 50g to 5kgs. We are proud to be associated with them for over 15 years now.

Mr. Vishwanathan Maheshwaran

Sales Manager

Lots of our customers in South India especially use laminates made by Shakoflex, and over last two decades my personal experience is that the laminate run very well and consistency of quality over so many years is admirable .We will continue giving reference of Shakoflex to our upcoming customers and keep our relationship going for years to come.

Mr. V. Vikram

CEO

Shakoflex has worked closely with our teams on several projects together. Product support and service is of paramount importance and the team at Shakoflex delivers well on this promise. A very satisfied customer for years now. I am very content to continue our relationship. I would have no hesitation whatsoever to recommend Shakoflex to anyone for packaging solutions.