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Corporate Social Responsibility Policy ( CSR)



The Jewelex Group has been involved in philanthropy for over 50 years now, even before CSR was mandated by law. Reaching out to the needy communities & underprivileged sections of society is in the DNA of the Directors / Kothari family.


The Company has thus far, focused on areas of Healthcare, Education & Malnutrition to bring about a socio-economic change in the lives of less privileged sections of society.


The Company’s CSR Policy is rooted in the core values of Integrity, Innovation, Caring and Excellence guided by international standards and best practices. Programmes, projects and activities carried out in this regard are the subject matter of the Policy.


The Board of Directors, Management and all our employees subscribe to the philosophy of compassionate care, believing in an ethos of generosity and compassion. This is the cornerstone of the CSR Policy.




“To actively contribute to the social and economic development of the communities/ geographies in which we operate, resulting in better & sustainable way of life for the weaker/less privileged sections of society and contribute to the country’s Human Development Index”.




Keeping in line with Section 135 of the Companies Act, 2013 (hereinafter referred to as “the Act”), the Board of Directors of the Company shall form Corporate Social Responsibility Committee (hereinafter referred to as the “CSR Committee”), to inter alia, carry out following functions:

  1. To formulate and recommend to the Board, a Corporate Social Responsibility Policy;
  2. To recommend the amount of expenditure to be incurred on the activities referred to in clause (a);
  3. To monitor the Corporate Social Responsibility Policy from time to time.


CSR Committee :


The CSR Committee of the company would comprise of 3 Directors viz. 1) Mr. Nilesh P. Kothari 2) Mr. Anish P. Kothari and 3) Mr. Ashish P. Kothari.

The Chairman of the Committee would be Mr. Nilesh P. Kothari.




In accordance with the primary CSR philosophy of the Group and the specified activities under the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, Companies (CSR Policy) amendment rules, 2021 and any amendment(s) thereof, the CSR activities of the Company may have the following thrust areas :-

  1. Promoting Education, including special education and employment enhancing vocation skills for gainful employment of youth
  2. Promoting Healthcare, including preventive healthcare

The company believes in meeting with the representatives of the community and NGOs for whom the CSR activity will be supported. Subsequently, based on consensus and discussions the projects are prioritized.






The CSR Manager carries out an informal survey of the communities which encompasses various parameters such as health indicators, literacy levels, sustainable livelihood processes, state of infrastructure etc. This is then discussed with the CSR Committee and the projects are approved. The CSR Committee can spend CSR funds on any of the following activities, as specified in Schedule VII under Sec. 135 of the Companies Act, 2013 and amendments there of :

  1. Eradicating hunger, poverty and malnutrition, promoting health care including 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.
  2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects.
  3. 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.
  4. 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]
  5. 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 art and handicrafts;
  6. Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows
  7. Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports
  8. Contribution to the prime minister’s national relief fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)] or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
  9. (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by the Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and
    (b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organization (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs).]
  10. Rural development projects
  11. Slum area development.
  12. Disaster management, including relief, rehabilitation and reconstruction activities.




  1. Every year, the CSR Committee will place for the Board’s approval, a CSR Plan detailing the CSR activities to be carried out during financial year and the specified budget thereof. The Board will consider and approve the CSR Plan with any modifications that may be deemed necessary.
  2. The CSR Committee shall review the implementation of CSR Plan regularly and issue necessary directions from time to time, to ensure orderly and efficient execution of the CSR Plan in accordance with this policy.
  3. At the end of every financial year, the CSR Committee will brief the Board on the activities supported or undertaken.

Reporting : The CSR initiatives would be reported in the Board of Directors Report (Annual Report).




The administration and execution of identified CSR initiatives are undertaken under the participation of the Directors of the Company. The Company has a CSR Manager who reports to the Board of Directors, to ensure the successful and time bound implementation of the CSR Plan.




The CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR activities undertaken in accordance with approved CSR plan. The surplus, if any, arising out of the CSR projects or activities, shall not form a part of the business profit of the Company and will be ploughed back into the CSR activities or credited to a special account, as prescribed under the Companies Act 2013 & amendments thereto.


The CSR funds would comprise of minimum 2% of the preceding 3 years’ average Net Profit before Tax and include any income arising therefrom.




Chairman, CSR Committee