CSR Policies

The Company has CRS Policy, which is reviewed on time-to-time basis, based on current happenings on CSR front. Last review was done in 2019 which was to align it with the guidelines formulated by the Companies (Corporate Social Responsibility Policy) Rules, 2014 and subsequent amendments thereof.

Vision:

In accordance with vision of the company, its CSR initiatives will supplement its contribution in environment protection, development of healthy and enlightened citizens, social upliftment and sustainable community development through its service, conduct and social initiatives.

CSR Committee:

MGL has constituted the CSR Committee as per mandate of the relevant rules. The CSRC has adequate representation of Independent Directors. The link to the current membership of CSR Committee is appended herein under: - https://www.mahanagargas.com/investors/corporate-governance.aspx

Objectives:

Integrate business function, goals and strategy with planned community development agenda. Play a role in transforming the society through education, health, empowerment and environment awareness.

Financial outlay:

For achieving the Company's CSR objectives through implementation of strategic and sustainable CSR programs, MGL will allocate 2% of its average net profit made during the three immediately preceding financial years as its Annual CSR Budget. With the activities focused on the thrust areas specified in the Schedule VII of The Companies Act.

The policy outlines the implementation, monitoring and evaluation of the CSR activities to be undertaken.

CSR Initiatives

With deep rooted tradition, constant participation and belief, MGL through its community outreach programmes and initiatives continues to contribute and focus on Education, Environment and Empowerment thereby fostering the philosophy of taking care of the community for a sustainable tomorrow. Entrenched with a vision for working towards the betterment of the society, MGL's sustained efforts have touched and enhanced lives reflecting its commitment of serving for the community.

Under the banner of 'MGL We Care' various sustainable social activities are conducted throughout the year reaching out to many with a helping hand because we care.

Mahanagar Gas Limited being a responsible Corporate has been contributing in social investments primarily in the areas of: