To administer the ESG initiatives and its implementation in the company, the Board of Directors of the Company in its Meeting held on May 10, 2023, changed the name of its Corporate Social Responsibility Committee ("CSRC") to Corporate Social Responsibility and Sustainability Committee ("CSRSC") and also defined its additional terms of reference to ensure the effective and efficient implementation of Business Responsibility and Sustainability activities to be carried out by the Company. [...] The Corporate Social Responsibility and Sustainability Committee's constitution is in line and conformity with the Companies Act, 2013. [...] The Corporate Social Responsibility and Sustainability Committee consists of three Directors. Mr. Dharmpal Agarwal, Independent Director is the Chairperson of the Committee. Mr. Surendra Kumar Arya, Mr. Dhanendra Kumar are the other Members of the Committee. Out of the total number of members of the committee, two members are Independent Directors."
"Jay Bharat Maruti Ltd. has always valued environmental, social, and governance (ESG) stewardship as a fundamental element of our mission. [...] The Board of Jay Bharat Maruti Limited is the highest authority responsible for the implementation & oversight of the Business Responsibility policies. The Whole Time Director of the Company is the highest authority responsible for the implementation of all policies in Jay Bharat Maruti Limited. [...] The Corporate Social Responsibility and Sustainability (CSR&S) Committee: the CSR Committee ensures effective implementation of CSR projects for communities. The Risk Management Committee ensures that suitable methodologies, processes, and systems are in a position to effectively monitor and assess risks linked to the Company's operations and continuity and also covering ESG related risks. The Stakeholder Relationship Committee addresses and resolves issues brought forth by shareholders and other security holders of the Company.