Karaikal Chlorates

Karaikal Chlorates (Unit of MEPCO Industries Ltd) is engaged in the manufacture of Potassium Chlorate (Match Grade) in India for more than two decades. The Company runs its own gas power plant to meet its power requirement.

Potassium Chlorate is used in the manufacture of Safety Matches, Dyes and specified Fireworks.

The Company is promoted by Pandian Chemicals Limited and Tamilnadu Industrial Development Corporation Ltd., owned by Government of Tamil Nadu.

Karaikal Chlorates Potassium Chlorate plant is situated at Melakasakudy Village of Karaikal District in the Union Territory of Pondicherry, India

  • I. Corporate Social Responsibility Policy of the Company :
    • i.The Board has formed a CSR Committee comprising of following Directors :
      • Thiru S.Annamalai – Vice Chairman
      • Thiru G.Athipathy – Director
      • Thiru D.Manoharraj – Managing Director
    • ii. Based on CSR Committee recommendation, the Board directs following activities to be undertaken towards CSR Policy for the financial year ended 31.03.2019.
      • a) Contribution to the funds set up by Central and State Governments for Socio economic development and for relief works.
      • b) Medical Camps to be conducted in the village in which the Company factory is situated.
      • c) Providing assistance to old age homes / orphanages to eradicate hunger and poverty.
      • d) To promote the cause of education, contribution to be made to educational institutions approved by Income-tax Department under Section 80G of Income Tax Act.
      • e) Any other activity falling under Schedule VII of Companies Act, 2013 recommended by CSR Committee.
    • iii. Board has approved a budget of 2% of the average net profit of three preceding financial years to fund above CSR activities.
  • II. Corporate Social Responsibility for the year ended 31.03.2019
    • 1. A Brief outline of the Company’s CSR Policy :
      • Promote the cause of education.
      • Weblink : www.pclindia.com
    • 2. The Composition of the CSR Committee :

      Thiru S.Annamalai
      Vice Chairman
      Thiru G.Athipathy
      Thiru D.Manoharraj
      Managing Director

    • 3. Average Net Profit of the Company for last three financial years :

      [Rs. in Lakhs]
      For the Financial Year ended 31st March, 2019
      2018 2017 2016
      Profit before Tax
      1177.99 2113.01 1540.94
      Average Net Profit for the preceding three Financial Years

    • 4. Prescribed CSR Expenditure (two percent of the amount as in item 3 above) : Rs. 32.21 lakhs
    • 5. Details of CSR spent during the financial year
      a) Total amount spent for the financial year : Rs. 32.32 Lakhs
      b) Amount unspent, if any : Rs. NIL Lakhs
      c) Manner in which the amount spent during the financial year is detailed below :
      1 2 3 4 5 6 7 8
      Sr.No CSR project or activity Identified Sector in which the Project is covered Projects or Programmes(1) Local area or other (2) Specify the State and district where projects or programs was undertaken Amount outlay (budget) project or programs wise Amount spent on the projects or programs Sub-heads: (1) Direct expenditure on projects or programs. (2) Overheads: Cumulative expenditure upto to the reporting period. Amount spent: Direct or through implementing agency
      Rs Rs  
      1. Maintenance and improvement to Government School Promotion of education Improvements effected to Govt. School in Karaikal Improvements effected to Govt. School in Karaikal            : 6.82 6.82 6.82 Direct
      2. Education Research in Science Incubator located in an educational Institution Promotion of research in Mepco Schlenk Engg. College Promotion of research in Mepco Schlenk Engg. College            : 25.50 25.50 25.50 Direct
      Total 32.32 32.32 32.32
    • 6. We hereby confirm that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives a nd Policy of the Company.

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