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Corporate Social Responsibilities

POLICY ON CORPORATE SOCIAL RESPONSIBILITY (CSR)

Inspired by the vision to serve a larger national purpose and abide with the strong value of trusteeship, Ushdev is crafting innovative business models to create larger societal capital while simultaneously delivering long term shareholder value. This overarching aspiration to create meaningful societal value is manifest in Ushdev’s strategy to enhance the competitiveness of value chains of which it is a part.

It is therefore a conscious strategy to design and implement Social Investments / CSR programmes in the context of Ushdev’s businesses, by enriching value chains that encompass the most disadvantaged sections of society, especially those residing in rural India, through economic empowerment based on grass¿¿¿roots capacity building.

Recognizing that business enterprises are economic organs of society and draw on societal resources, it is Ushdev’s belief that a company's performance must be measured by its contribution to building economic, social and environmental capital.

Ushdev is therefore committed to creating larger 'stakeholder value' by aligning its performance to these objectives. As an Indian enterprise, Ushdev believes that this approach can unleash strong drivers of growth to make it more inclusive and equitable for even the most marginalized sections of society, through the creation of sustainable livelihoods, and to ensure long¿¿¿term business sustainability and competitiveness.

Preamble

It is the Company's intent to make a positive difference to the society. It recognises that it cannot do it all; so that if there are choices to be made, bias will be towards doing fewer projects with greater impact and focusing initiatives on communities in which the Company lives and operates.
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