Introduction
My Travel Company, as an organization, has always endeavored to contribute in every possible way towards fulfilling its commitment as a responsible corporate citizen. Through this Corporate Social Responsibility (CSR) Policy, we aim to support our continuous efforts to create a positive and sustainable impact on the communities in which we operate. We firmly believe that the success and growth of our business are driven by our core values of Integrity, Customer Focus, Innovation, and Social Responsibility. The primary objective of this Policy is to establish a structured and sustainable framework for contributing to community development through various initiatives and programs. These activities may be undertaken directly by the Company through its employees, in partnership with external implementing agencies, or through a dedicated foundation or trust established for this purpose.”
Reference
1. Companies (Corporate Social Responsibility Policy) Rules, 2014 (‘Rules’)
2. Section 135 of Companies Act, 2013 (‘Act’) read with Schedule VII of the Act.
In accordance with the provisions of Section 135 of the Companies Act, 2013, read with Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (“Rules”), the Board of Directors (the “Board”) of My Travel Company Private Limited (the “Company”), based on the recommendations of the Corporate Social Responsibility Committee (“CSR Committee”), has adopted this Corporate Social Responsibility (“CSR”) Policy.
This Policy sets out the Company’s approach, guiding principles, and framework for undertaking CSR activities and expenditure in compliance with the applicable provisions of the Companies Act, 2013 and the Rules made thereunder. The Board may review, modify, and amend this Policy from time to time based on the recommendations of the CSR Committee and in accordance with applicable laws and regulations.
Focus Area
In pursuit of its CSR objective, MyTravelCompany would undertake various programs and projects in the following key areas of focus:
Promoting sustainable tourism, supporting local communities, creating employment opportunities, and contributing to environmental conservation and community development through responsible travel practices.
Encouraging meaningful travel that connects people, broadens perspectives, and celebrates diversity. Supporting community development through responsible tourism and livelihood enhancement initiatives.
Committed to making travel a force for good by fostering inclusivity, empowering communities, and reducing social inequalities.
Committed to environmentally responsible travel that supports conservation and respects the beauty of our planet.
Preserving cultural heritage by promoting responsible tourism, celebrating local traditions, and supporting the protection of historical landmarks and authentic art forms.
Committed to creating a positive impact by supporting relief efforts and initiatives that foster equality, empowerment, and community well-being.
Rural development projects
Slum area development.
Supporting disaster relief and recovery efforts by assisting affected communities through responsible initiatives and contributing to rehabilitation and rebuilding programs.
IMPLEMENTATION
The Company implements its CSR initiatives either directly or through eligible implementing agencies, trusts, societies, or organizations as permitted under the applicable provisions of the Companies Act, 2013. CSR projects are selected based on their potential social impact and alignment with the Company’s values of responsible and sustainable tourism. The implementation process includes planning, approval, execution, monitoring, and periodic review to ensure that the intended objectives and outcomes are achieved effectively.
CSR Activites
The overall governance of CSR activities rests with the Board of Directors, supported by the CSR Committee. The Committee is responsible for recommending the CSR Policy, identifying focus areas, reviewing proposed projects, monitoring implementation, and evaluating the progress of approved initiatives. The Board provides strategic oversight and ensures that all CSR activities are carried out in compliance with applicable legal and regulatory requirements.
CSR COMMITTEE COMPOSED
The Company allocates funds towards CSR activities in accordance with the provisions of the Companies Act, 2013 and related rules, as amended from time to time. The CSR budget is utilized for approved projects and initiatives that create meaningful social, environmental, and community impact. The Company strives to ensure that CSR resources are deployed efficiently, transparently, and in a manner that maximizes long-term benefits for stakeholders and communities.
REPORTING
Details of CSR initiatives, expenditure, and outcomes are included in the Company’s Annual Report and other statutory disclosures, as applicable.
DISCLOSURES
The Company’s CSR Policy and relevant disclosures are made available through official communication channels and the Company’s website, wherever applicable.
COMPOSITION OF CSR COMMITTEE
The CSR Committee consists of members of the Board of Directors, constituted in accordance with the provisions of the Companies Act, 2013.