Corporate Social Responsibility (CSR)
1. INTRODUCTION:
PREAMBLE AND PHILOSOPHY:
- JWR Logistics Private Limited (the “Company“) is committed to conducting its business in socially, environmentally and ethically responsible manner and contributes to the society and environment in which it operates, to be able to contribute to social welfare and directly or indirectly, financially assist people at large to improve their life or condition.
- As per Section 135 of the Companies Act, 2013 (“Act“) read with the rules made there under, inter alia, requires the Board of Directors of the company to constitute Corporate Social Responsibility Committee (“CSR Committee“).
- Corporate Social Responsibility Policy of the Company, the Board of directors to adopt this policy and ensure that the Company spends in every financial year at least 2% of the average Profit [as calculated in the manner described in the said Section 135 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (“Rules”)] of preceding three financial year in pursuance of the Corporate Social Responsibility Policy of the company, and the Board of Directors to include in the Annual Report on CSR containing prescribed particulars.
- This Corporate Social Responsibility Policy (“CSR Policy“) has been approved by the Board of Directors of the Company at the meeting held on 14th day of July, 2016 based on recommendation of the CSR Committee constituted by the Board of the Company on 20th day of May, 2016 in compliance with Section 135 of the Act.
- The CSR Policy may be amended as required by the Board.
2. Objective:
The main objective of JWR's CSR policy is :
➣To generate goodwill and recognition among all stake holders of the Company.
3. Our Responsibilities:
A) Towards our Communities.
B) Towards our Customers.
C) Towards our Business Partners.
D) As a Corporate Citizen.
E) Responsibilities toward our Employees.
We recognize that our employees and contractors deserve to work in safe and healthy work environment and will make it our responsibility to ensure zero harm to people
4. CSR Mainstay:
CSR activities at JWR shall be carried out through JWR Logistics Private Limited i.e. the Company itself
- Collaboration with other Companies undertaking projects/programs in CSR activities
- Contribution / donation made to such other Organization / Institutions / Registered Trusts / Section 8 Company as may be permitted under the applicable laws from time to time.
- Uplifting the community and the village around the Company by participating in the village development program i.e. for development of school, sport activity e.t.c.
5. CSR Activities:
The scope of the CSR activities of the Company will cover the following areas but not limited to the same and may extend to other specific projects/ programs as permitted under the law from time to time
Schedule VII and other notifications related to the Act specifies the activities which may be undertaken by companies as a part of its Corporate Social Responsibility policy. However, the Company plans to focus on the following activities/projects: –
(I) Education
- giving free education, shelter and healthcare for under privileged children;
- support for education, for those who are in need;
- support elder people, who are left alone for having enjoyable life; and
- Building schools for under privileged children & victims of natural
(II) Health
- to conduct eye checkup /health checkup camps to the under privileged children & women;
- spread the awareness of eye donation;
- to conduct blood donation camps, and
- in general healthcare,
- To aid the development of health programmes by donating for Hospitals or part of its operation theatre, wards, toilets e.t.c.
6. Exclusion from CSR:
- The activities undertaken in pursuance of normal course of business of a Company
- CSR projects/programs or activities that benefit only the employees of the Company and their families
- Any contribution directly/indirectly to political party or any funds directed towards political parties or political causes.
- Any CSR projects/programs or activities undertaken outside
7. CSR Committee:
The committee reports to our Board of directors and consists of following:-
Members
Ms. Kruti Lalit Jobanputra (Chairperson)
Mr. Lalit Chhabildas Jobanputra
Mr. Raj Lalit Jobanputra
The CSR committee was further re-constituted on 03/01/2019, the committee reports to our Board of directors and consists of following Members: –
Members
Ms. Kruti Lalit Jobanputra (Chairperson)
Mr. Akhilesh R Bhargava
Mr. Raj Lalit Jobanputra
Committee is responsible to : –
- Formulate and update CSR Policy, which will be approved by the Board.
- Suggest areas of intervention to the Board of Company
- Approve projects that are in line with the CSR policy
- Put monitoring mechanisms in place to track the progress of each project
- Recommend the CSR expenditure to the Board of the Company who will approve it
- To report to the Board from time to time the amount spent on CSR and status of CSR activities
- Meet at least twice in an year
- To carry out such requirement as mandated under the Act and the Rules from time to time.
8. CSR Spend/Sources of Funding:
The committee shall endeavor to spend at least 2% of the average profit during the preceding 3 financial years on CSR activities as enumerated above. The allocation of the fund shall be made as follows:
- By the Company – such amount as may be sanctioned by the Board of directors based on their annual budget. The amount sanctioned by the Board will have to be utilized for the projects/programs as specified by the CSR committees. The unspent amount, if any, at the close of the Financial year shall be retained by the Company and shall be spent only on specified projects/programs.
- Others as decided by the CSR Committee based on the evaluation of specific project/activities.
Any surplus arising out of the contribution made for CSR Activities shall not form part of the business profit of the Company and redeployed for such activities
9. Implementation:
Project /programs covered under CSR activities shall be implemented by
- By the Company, or
- to tie up with any other institutes, NGOs, Government, Semi-government, autonomous bodies, Registered Trusts etc. However, any such projects/ program to be undertaken through these entities shall have an established track record of 3 years of undertaking such projects/programs.
10. Monitoring & Reporting:
The CSR Committee will be responsible for the monitoring CSR activities and report to the Board from time to time. The CSR Committee has the powers to seek monitoring and implementation report from the Organizations receiving funds.
11. Failure to spend the CSR Money:
In case the Company fails to spend the above targeted amount in that particular financial year, the Committee shall submit a report in writing to the Board of directors specifying the reasons for not spending the amount which in turn shall be reported by the Board of Directors in their Directors Report for that particular Financial Year. Surplus arising out of the CSR initiatives shall not form part of the business profits of the Company
12. Reports:
Board shall assist the CSR Committee to prepare reports that are required to be placed before the Board. The format of the Report shall be the format prescribed under the CSR Rules stated hereunder.
13. Publication of CSR policy & programs:
As per the CSR Rules, the contents of the CSR Policy shall be included in the Directors Report and the same shall be displayed on the Company’s website, if any.
14. Policy review & future amendment:
The Committee shall annually review its CSR Policy from time to time and make suitable changes as may be required and submit the same for the approval of the Board.
15. Disclosures:
The Annual Report of the Company include a section on CSR outlining the CSR Policy, CSR committee, CSR initiatives undertaken by Company, the CSR spend during the financial year and other information as required by the prevailing law.
Location
- No. 15-23, National Highway 4B, Panvel-JNPT highway, Village: Padeghar Panvel, INDIA-410206
- +91 022 5050 0000
- enquiry@jwllogic.com
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