This is our 'umbrella' CSR Project made in order to show a continuous and ongoing effort by the company to give back to society. All of our individual CSR projects/donations fall under PRESTAMP CARES.
Through PRESTAMP CARES., our company aims to achieve 11 out of the 17 UN Sustainable Development Goals (SDGs). These SDGs give our CSR projects and efforts a certain direction and end goal, and prevents them from being random projects, with no long term results.
Our company, and the Board takes CSR duties extremely seriously. We are committed to fulfilling and going beyond the legal requirements for CSR, in order to do our part in giving back to the society and the country, to nurture progress, health, and other basic necessities in areas they are lacking.
PRESTAMP CARES. is an award-winning CSR programme, and has recently received the Award for Best CSR Initiative by the Faridabad Industries Association (FIA).
Gupta Machine Tools Private Limited along with the Faridabad Industries Association (FIA), created once decrepit government schools in rural Haryana into fun-filled and colourful centres for learning, where students have access to all academic and non-academic resources to help them grow as individuals.
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 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 put in a sum of INR 5,000,000 to construct an operation theatre for the Charity Hospital in Kolkata.
Gupta Machine Tools Private Limited also paid for the cataract surgeries of a 100 people in Shankar Netralaya Hospital in Chennai , putting in a sum of INR 5,000,000.
Gupta Machine Tools Private Limited funded the building of 3 rural schools in West Bengal by updating and renovating the buildings, spending 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 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, although it is generally twice annually.
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.