Corporate Social Responsibility Policy

J.K. Fenner (India) Limited (“JK Fenner” or “the Company”) has been one of the foremost proponents of inclusive growth and since inception, has been continuing to undertake projects for overall development and welfare of the society in the areas pertaining to promoting preventive health care, education, livelihood intervention, rural development, environmental sustainability and conservation of natural resources, etc.

The Company while continuing to be a leading player in the Power Transmission & Sealing Solutions business has a clear focus on social upliftment and environment protection for inclusive growth to the realization of a truly empowered society. This Corporate Social Responsibility Policy (CSR Policy) lays down the guidelines and mechanism to carry out CSR Projects by the Company and to report its CSR work in the format provided by the Corporate Social Responsibility Rules (CSR Rules) under the Companies Act, 2013 (the Act).

The Board of Directors of the Company at its meeting, constituted a Corporate Social Responsibility Committee of the Board comprising of Shri Vikrampati Singhania (Chairman), Shri Surendra Malhotra and Shri Nagaraju Srirama (CSR Committee). The role of the Committee, inter alia, includes the following :

• Formulate and recommend to the Board, a CSR Policy which shall indicate the activities to be undertaken by the Company as specified in Schedule VII of the Act
• Recommend the amount of expenditure to be incurred on the activities.
• Monitor the CSR Policy of the Company from time to time.

The policy has been framed in accordance with Section 135 of the Act and in accordance with the CSR Rules notified thereof by the Ministry of Corporate Affairs, Government of India and shall apply to all CSR projects to be undertaken by the Company as per Schedule VII of the Act, within the geographical limits of India only, for the benefit of marginalized, disadvantaged, poor or deprived sections of the community and the environment.

The policy has been framed in accordance with Section 135 of the Act and in accordance with the CSR Rules notified thereof by the Ministry of Corporate Affairs, Government of India and shall apply to all CSR projects to be undertaken by the Company as per Schedule VII of the Act, within the geographical limits of India only, for the benefit of marginalized, disadvantaged, poor or deprived sections of the community and the environment.

The Company will constitute a governing mechanism to oversee the implementation of its CSR Policy, in compliance with the Act. The CSR Committee along with the Board shall be responsible for all the decisions taken with regard to the Company’s CSR Policy.

a. Implementing Agencies;

The projects can be undertaken by  :

1. The Company.
2. A collaborative effort with other corporates.
3. any/all of the following established by the Company or its holding or subsidiary or associate company;

(a) A Registered Trust

(b) A Registered Society

(c) A Section 8 company registered under Companies Act, 2013;

In case any of above is not established by the company or its holding or subsidiary or associate company, it must have an established track record of three years in undertaking similar projects.

b. CSR Team

The CSR Team will be responsible for the actual on-ground implementation of CSR projects across the various areas of intervention of the Company. They will also:

1. Be responsible for the execution of the decisions taken by the CSR Committee.
2. Implement projects based on set targets and action plans and regularly monitor them.
3. Find suitable implementation partners and conduct due diligence.
4. Evaluate possible collaborations with other organizations on CSR projects.

Provide quarterly progress reports to the CSR Committee

A comprehensive monitoring mechanism will be devised by the Company to ensure that the CSR process functions as mandated by the Act and projects as budgeted are duly carried out and the budget is optimally utilized. Monitoring may have both an electronic MIS and human architecture that must work together to ensure a check on the above. This may include regular field visits to project sites, activity-wise documentation of the same in the form of field reports, regular interaction with beneficiary communities to obtain feedback and compilation of field visit reports at regular intervals.

The Company may take up appropriate evaluation and impact assessment of the projects. Third parties may be engaged for this to ensure objective assessment. There shall be clarity about the objective/scope of the project and the need it is attempting to address.

The CSR Team of the Company will ensure that CSR projects are documented and accountability is fixed at requisite level of the CSR process and the implementation mechanism. A repository of case studies and good practices may be compiled to learn from and build upon successful interventions.

The Company shall follow and comply with the requirements for disclosure of the CSR Policy and/ or CSR activities in the Board’s Report and on the website of the Company or otherwise, as may be required in terms of the provisions of the Act, as applicable from time to time.