Our parent company, Gupta Machine Tools Private Limited funded the building of 3 rural schools in West Bengal by updating and constructing new buildings for the schools, putting in a combined sum of INR 10,000,000 for the three schools
Gupta Machine Tools Private Limited also constructed a Heart Command Centre at Aggarsain Multi Specialty Hospital in New Delhi, putting in a sum of INR 15,000,000.
Gupta Machine Tools also donated INR 2,900,000 to the Institute of Neurosciences (INKK) in Kolkata, to finance modern medical machines.
Gupta Machine Tools Private Limited also donated a sum of INR 5,600,000 to the PMCARES relief fund to help the government tackle Covid-19.
Gupta Machine Tools Private Limited put in a sum of INR 5,000,000 to construct an operation theatre for the Charity Hospital in Kolkata.
Gupta Machine Tools has also provided significant funds in the past to the ISKON Food Relief Foundation, which provides mid day meals to underprivileged students.
Gupta Machine Tools Private Limited donated INR 8,44,000 to Save The Children India, to help educate underprivileged children all over India.
Gupta Machine Tools Private Limited donated INR 1,100,000 to the Faridabad Industries Association (FIA) Charitable Society to lend a hand to the victims of the Nainital Floods in 2021.
Gupta Machine Tools Private Limited donated INR 1,100,000 to the Smt. Sundar Devi Charitable Trust to fund their 'Gaushala' or cow shelter for stray cows project.
The objective of the CSR Policy (“Policy”) is to lay down the guiding principles in implementing the Corporate Social Responsibility (“CSR”) obligation of the Company within the meaning of section 135 of the Act read with Schedule VII of the Act and the Rules.
The policy shall be applicable to all CSR activities of the Company whether carried by it or through any implementation agency with effect from the date the Policy is approved by the Board of Directors.
CSR Committee means the committee of the Board of Directors constituted in terms of the Act and the Rules. Presently the CSR Committee comprises of 2 directors:
(i) Mr. Harsh Gupta
(ii) Mrs. Sangita Gupta
The CSR Committee may meet at such intervals as may be considered appropriate by the Committee or as and when required.
i. To draft the CSR Policy and recommend the same to the Board for approval.
ii. To review and recommend the CSR initiatives to be taken up by the Company including the selection/appointment of implementation agencies, if any.
iii. Review the progress of CSR projects, if any, undertaken by the Company and the utilization of budgets for each such project.
iv. Review and recommend the CSR report to be included in the Board’s report.
v. Review and recommend any amendments to be made in the CSR policy of the Company.
vi. To carry such other functions as may be delegated to it by the Board relating to CSR activities of the Company.
In compliance of the Act and the Rules and with the approval of the Board of Directors, the Company shall, in each financial year, set aside a sum equivalent to at least 2% of the average net profits of the Company for the three immediately preceding financial years (“CSR Corpus”). The CSR Corpus of each financial year shall be spent on or before 31st March of the relevant financial year.
Any surplus arising out of the contribution made for CSR activities shall not form part of the business profit of the Company.