The CSR Policy of Jasch Gauging Technologies Ltd. (JGTL) is based on a simple belief — if we wait until we can do everything for everyone, we may end up doing nothing for anyone.
While working towards manufacturing quality products and creating value for our customers and shareholders, JGTL also believes in giving back to society and supporting people who need help.
Through its CSR activities, the company aims to contribute towards the social and economic development of communities and help underprivileged people build a better future.
Through sustainable initiatives, JGTL aims to actively contribute to the social and economic development of the communities where it operates.
The objective is to create a positive impact on society and, in a small way, contribute towards building a better nation.
JGTL’s mission is to support the social and economic development of communities through meaningful, participatory and need-based initiatives.
The focus will be mainly on poor and underprivileged sections of society, helping them become more self-reliant and giving them better opportunities for a secure future.
JGTL’s CSR activities will be guided by its Vision and Mission. These activities will not be limited only to areas around the company’s plants and offices. Depending on the needs of communities, the company may also undertake activities in other locations.
The main areas of focus will be those covered under Schedule VII of the Companies Act, 2013. These include:
Hunger, Poverty and Healthcare
Eradicating hunger, poverty and malnutrition. Promoting preventive healthcare, sanitation and access to safe drinking water.
Education and Skill Development
Promoting education, including special education, vocational skills and livelihood enhancement projects for children, women, senior citizens and differently abled persons.
Women Empowerment and Social Equality
Promoting gender equality and empowering women. Supporting homes and hostels for women and orphans, old age homes, day care centres and other facilities for senior citizens. The company may also support initiatives that help reduce social and economic inequalities.
Environmental Sustainability
Supporting environmental protection, ecological balance, animal welfare, agroforestry, conservation of natural resources and improvement of soil, air and water quality.
Heritage, Art and Culture
Supporting the protection and restoration of national heritage, historical buildings and sites, works of art, public libraries, traditional arts and handicrafts.
Support for Armed Forces
Supporting armed forces veterans, war widows and their dependents.
Sports Development
Supporting rural sports and recognised sports, including Paralympic and Olympic sports.
Relief and Welfare Funds
Contributing to the Prime Minister’s National Relief Fund and other funds set up by the Central Government for socio-economic development, relief and welfare of Scheduled Castes, Scheduled Tribes, Other Backward Classes, minorities and women.
Technology and Innovation
Supporting technology incubators located within academic institutions that are approved by the Central Government.
Rural Development
Supporting projects that contribute to the overall development of rural communities.
JGTL will try to carry out its CSR activities directly wherever possible.
However, depending on the nature and requirement of a particular project, the company may also work through a trust or other suitable organisation as approved by the Board.
JGTL may also partner with other organisations and companies to make its CSR efforts more effective. This may include:
Working with Organisations
Collaborating with organisations registered as trusts, Section 8 companies under the Companies Act, 2013, societies, NGOs or other eligible entities incorporated in India and having experience in the areas covered under JGTL’s CSR activities.
Contributions to Funds
Making contributions to funds that support the company’s CSR Vision and Mission, including:
Working with Other Companies
JGTL may also collaborate with or pool resources with other companies to undertake suitable CSR projects.
This approach will allow the company to reach more people and make better use of available resources.
The funds available for CSR activities will include:
Any surplus arising from CSR activities will not be treated as a part of the business profits of the company.
The Managing Director will oversee the implementation of the CSR Policy and regularly report the progress to the Board.
The monitoring process will help ensure that CSR activities are carried out properly and that the funds are being used for their intended purpose.
The progress report will include:
Progress against targets
Details of achievements since the previous report or during the last quarter, including the actual coverage compared with the planned target and the reasons for any major variation.
Year-to-date progress
Details of the year’s progress against the planned targets, along with plans to address any shortfalls and any support required from the CSR Committee or Board.
Budget and actual expenditure
Reasons for any significant difference between the planned budget and actual expenditure or achievement.
Activities through external organizations
Where CSR activities are carried out through trusts, societies, NGOs or other organizations, there will be a suitable reporting mechanism to track the progress of each activity and the amount spent on it.
JGTL believes that CSR is not only about financial contribution. It is also about creating meaningful and lasting positive change in society.
The company will continue to identify genuine community needs and support initiatives that can make a practical difference to people’s lives.
Through responsible business practices and focused CSR activities, JGTL aims to contribute towards a stronger, healthier and more sustainable society.
