Corporate Social
Responsibility

Concept

Corporate Social Responsibility (CSR) reflects an organization’s commitment to addressing its social and environmental responsibilities. At Gina, we believe in serving society by ensuring access to the basic necessities of life like food, clothing, shelter etc. Our commitment extends to improving living standards, nurturing healthy lifestyles, and promoting environmental sustainability.

Through these initiatives, we strive to contribute to the welfare of community and create better & equitable society.

Applicability (The Act)

Corporate Social Responsibility (CSR) in India is governed by Section 135 of the Companies Act, 2013. Eligible companies must constitute a CSR Committee and spend at least 2% of their average net profits from the preceding three years on government-approved social and environmental initiatives.

Corporate Social Responsibilities Rules 2014 hereinafter referred as “CSR Rules” specifies the framework of CSR Activities under Schedule VII of the Company’s Act.

Objective

Empower the society with valuable contributions & commitment towards the Society in accordance of, cultural, Environmental aspects. The organisation will ensure the compliances according to the law & with ethical practices and standards.

In accordance with Schedule VII, the company proposes to implement CSR activities under the various sectors mentioned below.

The company will review the above activities on time to time and amend / add / delete if required.

Committee

The CSR Committee will constitute with Two Directors (1. Tomy Thomas 2. Director – Umesh Mishra) & the committee will ensure the following task.

Budgeting

• CSR expenditure allocation: Define a percentage of profits or a fixed annual budget dedicated to CSR, aligned with statutory requirements (e.g., 2% of average net profits in India under Companies Act, 2013).
• Activity-wise allocation: Break down the budget across selected focus areas (education, healthcare, environment, etc.).
• Contingency reserve: Keep a small portion aside for unforeseen community needs or disaster relief.

Action Plan

• Annual CSR calendar: Map initiatives month by month to ensure steady execution.
• Stakeholder engagement: Collaborate with NGOs, local authorities, and community leaders for effective implementation.
• KPIs and milestones: Define measurable outcomes (e.g., number of beneficiaries, environmental impact metrics).

Monitoring & Reporting

• Quarterly reviews: Assess progress against budget and KPIs, identify gaps, and adjust strategy.
• Board updates: Provide structured reports with financials, outcomes, and impact stories.
• Public disclosure: Publish CSR reports in the annual report and on the company website for transparency.

Disqualification of CSR Activities

The CSR Rules prohibits the programs that implemented by the company for the employees of the company and families. Any amount contributed towards any political party under Section 182 of the act shall not be considered as CSR Expenditure.

General

The CSR Committee reserve the rights to amend, modify or add any provisions of the policy. At the end of every financial year CSR committee consider an annual report on CSR Activities & recommend the same for the approval of the Board. This report will be disclosed as part of Report of Board of Directors.