ENERGY LIMITED
(CIN: U29224GJ1987PLC010044)
CORPORATE SOCIAL RESPONSIBILITY POLICY (“CSR Policy”)
We at John Energy Limited (‘JEL’ or ‘Company’) are well aware of its Corporate Social
Responsibility and constantly making efforts to contribute in this field. JEL is endeavoring to
fulfill the aspiration of the society through contribution to the CSR activities. JEL accord as
much significance to CSR as any business project. Dedicated need-based interventions have been
initiated in areas where we operate. We contributed Corporate Social Responsibility through
donations, financial contributions, and sponsorship and by participating in various such activities
and shall continue to do in the future.
Recently, with the enactment of the Companies Act, 2013, the mandate for CSR has been
formally introduced to the dashboard of the Boards of Indian companies. In accordance with the
provision of Section 135 of the Companies Act, 2013 read with Companies (Corporate
Social Responsibility Policy) Rules, 2014 (“CSR Regulations”), the Company has constituted a
Corporate Social Responsibility Committee of the Company (“CSR Committee”).
1. Objectives
The objective of this Policy is to promote CSR activities in order to have a sustainable
development for the society and lay down guidelines for the Company to establish a framework
for ensuring compliance with the provisions of the Companies Act and rules made thereunder
(‘CSR Regulations’)
2. CSR Activities
JEL understand the importance of CSR activities and recognize that it is not merely compliance
but a commitment to fulfill the aspiration of the society through contribution to the CSR
activities.
a) The Company will undertake one or more of following activities as notified under the
CSR Regulations:
(i) Eradicating hunger, poverty and malnutrition, promoting preventive health care
and sanitation including contribution to the Swach Bharat Kosh set-up by the
Central Government for the promotion of sanitation and making available safe
drinking water;
(ii) Promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly, and the differently
abled and livelihood enhancement projects;
(iii) Promoting gender equality, empowering women, setting up homes and hostels for
women and orphans, setting up old age homes, day care centres and such other
facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups;
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ENERGY LIMITED
(CIN: U29224GJ1987PLC010044)
(iv) Ensuring environmental sustainability, ecological balance, protection of flora and
fauna, animal welfare, agroforestry, conservation of natural resources and
maintaining quality of soil, air and water including contribution to the Clean
Ganga Fund set-up by the Central Government for rejuvenation of river Ganga;
(v) Protection of national heritage, art and culture including restoration of buildings
and sites of historical importance and works of art; setting up public libraries;
promotion and development of traditional arts and handicrafts;
(vi) Measures for the benefit of armed forces veterans, war widows and their
dependents;
(vii) Training to promote rural sports, nationally recognised sports, paralympic sports
and Olympic sports;
(viii) Contribution to the Prime Minister's National Relief Fund or any other -fund set
up by the Central Government for socio-economic development and relief and
welfare of the Scheduled Castes, Scheduled Tribes, other backward classes,
minorities and women;
(ix) Contributions or funds provided to technology incubators located within academic
institutions which are approved by the Central Government;
(x) Rural development projects
(xi) Slum area development
(xii) Such other areas/expenditures as may be notified by the Government from time to
time.
b) The CSR activities shall be undertaken by the Company as projects, programs or
activities (either new or ongoing) excluding activities undertaken in pursuance of the
normal course of business of the Company.
c) The Company may also collaborate with other companies for undertaking projects or
programs or CSR activities.
d) The CSR projects or programs or activities undertaken in India only shall amount to
CSR Expenditure.
e) The CSR projects or programs or activities that benefit only the employees of the
Company and their families shall not be considered as CSR activities under this CSR
Policy.
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ENERGY LIMITED
(CIN: U29224GJ1987PLC010044)
f) The Company may build CSR capacities of their own personnel as well as those of its
Implementing agencies through Institutions with established track records of atleast
three financial years but such expenditure shall not exceed five percent of total CSR
expenditure of the company in one financial year.
g) Contribution of any amount directly or indirectly to any political party under section
182 of the Companies Act 2013 shall not be considered as CSR activities.
3. Budget & Funding
For achieving the CSR objectives and in accordance with CSR Regulations, the Company will
make an annual budget and, on yearly basis, allocate atleast 2% of the average net profits of the
Company made during the three immediately preceding financial years for the CSR activities.
The average net profits for this purpose shall be computed in accordance with the provisions of
CSR Regulations.
The Company will ensure that the annual CSR allocation is fully utilized in the respective year.
However, if the Company is not able to spend such amount due to some reasons, the Board
shall, in its report made under Section 134 of the Companies Act, 2013, mention the reason for
the same.
4. Role of CSR Committee
a) The CSR Committee will formulate and recommend to the Board, a Corporate Social
Responsibility Policy which shall indicate the activities to be undertaken by the
Company as specified in CSR Regulations;
b) The CSR Committee will recommend the amount of expenditure to be incurred on the
activities as specified in this policy;
c) The CSR Committee will monitor the Corporate Social Responsibility Policy of the
company from time to time.
d) The CSR Committee will Institute a transparent monitoring mechanism for
implementation of the CSR projects or programs or activities undertaken by the
Company.
5. Implementation Strategy for CSR projects / Activities
All projects or programmes or activities under this CSR Policy shall be approved by CSR
Committee before they are put up for consideration of the Board. The Board may decide to
implement the CSR activities by any of the following modes:
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ENERGY LIMITED
(CIN: U29224GJ1987PLC010044)
a) Directly on its own or through its own non-profit making registered trust / registered
society / company incorporated under Section 8 of the Companies Act, 2013 or
collaborating or pooling their resources though other companies, or
b) By making grants to an independent implementation partner who shall be a reputed non-
profit making registered trust / registered society / company incorporated under Section 8
of the Companies Act, 2013 or Section 25 of the Companies Act, 1956, having a track
record of atleast three years in undertaking similar programs / projects / activities
(Independent Implementation Partner),
6. Review and Reporting
The CSR Committee will review from time to time and submit the report of the development
of the CSR activities of the Company to the Board.
The Company will report, in the prescribed format as set out herein as Annexure A, the details
of the CSR initiatives and activities of the Company in the Board Report and on the website
of the Company, as required under the CSR Regulations.
7. General
a) The competent authority to take decision on sanctioning works / allocation of funds for
CSR and appointing authorized agencies for implementing projects / activities shall be as
authorized by the Board or CSR Committee of the Company.
b) If it is observed that any CSR activity taken up for implementation is found not properly
implemented, the CSR Committee may, at its discretion, discontinue funding the project
at any time during the course of implementation.
c) The Board on its own and /or as per the recommendations of the CSR Committee can
amend or modify this CSR Policy, as and when required as deemed fit. Any or all
provisions of the CSR Policy would be subject to revision / amendment in accordance
with the applicable laws / regulations on the subject as may be issued by the relevant
statutory authorities, from time to time.
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ENERGY LIMITED
(CIN: U29224GJ1987PLC010044)
Annexure A
FORMAT FOR THE ANNUAL REPORT ON CSR ACTIVITIES TO BE INCLUDED
IN THE BOARD'S REPORT
1. A brief outline of the Company's CSR policy, including overview of projects or
programs proposed to be undertaken and a reference to the web-link to the CSR policy
and projects or programs.
2. The Composition of the CSR Committee.
3. Average net profit of the company for last three financial years.
4. Prescribed CSR Expenditure (2% of the amount as in item 3 above)
5. Details of CSR spent during the financial year.
(a) Total amount to be spent for the financial year;
(b) Amount unspent , if any;
(c) Manner in which the amount spent during the financial year is detailed below.
(1) (2) (3) (4) (5) (6) (7) (8)
S. CSR Sector Projects or Amount Amount Cumulative Amount
No. project or in which programs outlay spent on expenditure spent:
activity Project (1)Local area (budget) the projects upto the Direct or
identified is or other (2) projects or or programs reporting through
covered Specify the programs Sub-heads: period implementi
State and wise (1) Direct ng agency*
district where expenditure on
projects or projects or
programs were programs, (2)
undertaken Overheads
*Give details of implementing agency:
6. In case the company has failed to spend the 2% of the average net profit of the last
three financial years or any part thereof, the Company shall provide the reasons for not
spending the amount in its Board report.
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ENERGY LIMITED
(CIN: U29224GJ1987PLC010044)
7. A responsibility statement of the CSR Committee that the implementation and
monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the
company.
__________________________ ____________________________
(Managing Director) (Chairman of CSR Committee)
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