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Gyan Foundation

COMPANY SOCIAL RESPONSIBILITY

The philanthropic arm of AJNARA group was established in the year 2008 with a vision to empower communities by creating multiple opportunities for the underprivileged by promoting inclusive growth which is holistic, sustainable and socially uplifting; and thereby, enabling them emerge as significant contributors in India's growth story.We can be justly proud of our status as a nation of givers, with most people making voluntary donations most of the time¹. However, our giving has not kept pace with increases in national and personal wealth in recent decades, resulting in significant scope for the level of private giving to be increased. The starting premise of this report is that a raised awareness of the significant achievements funded, in part or whole, by philanthropic efforts will inspire an increase in support for those individuals and organizations that are working to tackle some of society’s most challenging problems. It is, of course, important to acknowledge from the outset that social problems are not solved solely by money. In reality, most meaningful achievements require a combination of individual excellence, structural support and financial assistance from a variety of sources. This paper does not claim that philanthropists can claim sole credit for the achievements listed, but it does argue that without the contribution of philanthropic gifts, they are unlikely to have occurred.




Our ACTIVITIES

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Blanket Distribution

2019
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Paryavaran Diwas Palantation

2019
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Distribution of Blankets

2016





CSR POLICY


CSR Philosophy:
Social and Environmental responsibility has always been at the forefront of the Ajnara’s operating philosophy and has never shunned away from fulfilling its social responsibilities. As a responsible Corporate Citizen receiving various benefits from the society, we recognize that it is our co-extensive responsibility to pay back in return to the society by contributing to social and environmental causes. We believe that the very existence and success of an organization is very much depends on the healthy relations it maintains with its employees, consumers and the society at large. And we are of the opinion that the Corporate Social Responsibility envisaged under section 135 of the Companies Act, 2013 underlines the objective of bringing about a difference and adding values by promoting positive Social and environmental change.

Our CSR Vision:
Through meaningful measures, contribute to the Social, economic and environmental development in which we operate and involve the community in these efforts thereby adding value to the nation.

Our CSR Objective:

Our CSR Activities:
The CSR activities we will pursue be in line with our stated Vision and Objective, focused not just around our projects and offices, but also in other geographies based on the needs of the communities.

The Five thrust areas will be:

In addition to the above we will strive to cover those other areas/activities as covered under SCHEDULE VII of the Companies Act, 2013

Governance Structure:
We have constituted a robust and transparent governance structure to oversee the implementation of our CSR Policy, in compliance with the requirements of Section 135 of the Companies Act, 2013.

A. CSR Committee
At Ajnara, our CSR governance structure will be headed by the Board Level CSR committee that will ultimately be responsible for the CSR projects undertaken. The committee will report to our Board of Directors. The Members of the present CSR Committee are:

A. Responsibilities of CSR Committee

Mechanism for Implementation:
The principal implementer for our CSR activities will be GYAN FOUNDATION, a trust specifically formed for implementing the CSR activities of Ajnara Group. The company may specify the project or programs to be undertaken through this trust, the modalities of utilization of funds on such projects or programs and monitoring and reporting mechanism.

At the same time, we recognize the need to work in partnership with other players also. This would include:

Quantum of Amount to be spent on CSR Activities:

CSR Reporting and Display
The Company shall include in the Annual Report on CSR containing particulars specified in the Annexure to the Companies ("CSR Policy') Rules, 2014 and also the contents of the CSR Policy in its Board Report and display the same on the Company's website.

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