CSR POLICY
To meet CSR obligations of the group, a Public Charitable Trust has been formed by the Polyhose group of Companies in the name of “Jamnagarwala Charitable Trust” [hereinafter referred as “The Trust”].
1) The CSR money of the Company shall be utilised to:-
a) Provide required facilities / help to the underprivileged children to pursue their education;
b) Promote health care including preventive health care;
c) Support nationally recognised sports;
d) Help to promote gender equality;
e) Ensure environmental sustainability;
f) Protect national heritage;
g) Undertake any projects to develop rural areas.
h) Any other activities as directed by the Ministry of Corporate Affairs under Schedule VII of the Companies Act, 2013 from time to time.
2) CSR Committee:-
The CSR Committee/s of the Company was formed with 3 members with the Chairmanship of Mr.Shabbir Yusuf Jamnagarwala, Managing Director and Mr.Shamsuddin Jamnagarwala Ali Asger and Mr.N.Suryanarayanan, Directors as Members of the Committees.
3) Purpose of CSR Committee/s to :-
a) Formulate / modify the policy;
b) Make recommendation towards deployment money in CSR activities;
c) Monitor the CSR activities / project of the respective Companies.
4) Funding / selection / monitoring process:-
The CSR Committee would deliberate the proposals and make recommendation to the Board to select and approve the CSR projects. After approval from the Board, the CSR Fund would be transferred to the Trust to carryout the project/s approved by the Board. Thereafter the Committee would monitor the projects being handled by the Trust and give periodic report to the Board about the status of the project undertaken by the Trust out of CSR funds given by the Company.
POLYHOSE CSR ACTIVITIES
POLYHOSE SUPPORTS YOUNG OLYMPIC SAILORS
Our company has always admired and encouraged the success of personal achievement. In alignment with our company’s values of excellent workmanship and optimum performance, we are thrilled to give our support to two incredible Olympic athletes—Gana and Varun, professional sailors from Chennai, India.
These young men have been involved in the sport of sailing for nearly 20 years and for the last decade have devoted all their energies to full-time pursuit of sailing. Already Asian Games bronze medalists, Gana and Varun made history as two of four Indian sailors qualifying for the Tokyo 2020 Olympics. The team finished 17th in the Olympic Games this past summer and are dedicating their full effort to winning a medal for India.
Polyhose, through its CSR trust, recently awarded funds to these two Indian Olympic athletes, supporting their purchase of a 49er boat—the class of vessel used by professional sailors. Thank you, Gana and Varun, for representing our great nation and the dreams of young people everywhere. Your vision and diligence are exemplary, and we are proud to stand with you in your future success.
CONSTRUCTION OF BASKETBALL COURT
Construction of Basketball Court and a Sports Room in New College Campus, Chennai, Tamilnadu for the common benefit of the students in the college
CSR FUNDS USED FOR COVID RELIEF
Since the first and second waves of COVID-19 peaked in 2020 and 2021, Polyhose has been committed to use corporate resources to help those in greatest need—particularly targeting populations impacted by the virus in the state of Tamil Nadu, India.
Disaster management is a huge social responsibility, and Polyhose takes our community aid opportunities seriously. In support of the relief efforts taking place in Tamil Nadu, our company spent CSR funds to distribute food, provide cloth masks, absorb medical and hospitalization expenses, and designate monies to those who experienced a COVID-19 fatal loss of the family breadwinner.
In addition, Polyhose has identified more than 70 families with annual income less than ₹4 lakhs and with at least one school-age or college-age child, disbursing ₹20,000 to each family to be used toward the children’s education. The group has also contributed a sum of ₹25 lakhs to the Chief Minister Public Relief Fund.
SURVEILLANCE CAMERA DONATION
CSR Funds are utilized to curb criminal activities and to enhance women’s safety in the Guindy region, Chennai.
