Corporate Social Responsibility (CSR) is intrinsically linked to the principles of sustainability, emphasizing that organizations should make decisions considering not just financial outcomes but also their social and environmental impact. Consequently, it is the fundamental responsibility of Nextra Developers to uphold corporate values by committing to growth that is both socially and environmentally sustainable, while prioritizing the well-being of stakeholders.
In line with this commitment, the Company has established this CSR Policy, which outlines its philosophy and approach as a responsible corporate entity. This policy provides a framework for implementing meaningful programs aimed at community welfare and sustainable development. It aligns with the provisions of the Companies Act, 2013, and the corresponding rules and regulations.
This policy was drafted and recommended by the CSR Committee and subsequently approved by the Board of Directors on 15th November, 2018. The Board, upon the recommendation of the CSR Committee, reserves the right to review and revise this CSR Policy as deemed necessary to align with evolving priorities and regulations.
Vigil Mechanism Section 177 of the Companies Act, 2013 requires every listed company and such class or classes of companies, as may be prescribed to establish a vigil mechanism for the directors and employees to report genuine concerns in such manner as may be prescribed.
The Company has adopted a Vigil Mechanism for Directors and Senior Management Personnel (“the Code”), which lays down the principles and standards that should govern the actions of the Directors and Senior Management Personnel.
Any actual or potential violation of the Code, howsoever insignificant or perceived as such, is a matter of serious concern for the Company. Such a vigil mechanism shall provide for adequate safeguards against victimization of persons who use such mechanism and also make provision for direct access to the Director Nominated by the Board of Director in appropriate or exceptional cases.
