At JM Financial, CSR goes beyond being just a statutory obligation. We are an organisation that voluntarily takes steps to improve the quality of life for people in our ecosystem as well as the society at large. In order to imbibe the philosophy of Corporate Social Responsibility (CSR) among companies, Section 135 of the Companies Act, 2013 (‘the Act’) mandated every company with a net worth of over Rs. 500 crore, or a turnover of more than Rs. 1,000 crore or net profit of over Rs. 5 crore to spend at least 2% of its average net profits made during the three immediately preceding financial years, on CSR activities as enumerated in Schedule VII to the Act; every financial year. JM Financial Foundation, established in the year 2001, and Kampani Charitable Trust, established in the year 1983, to support the causes of socio-economic welfare, education, healthcare and disaster relief; are two arms through which the Group has been contributing to deserving causes for over three decades now. The recently introduced statutory provisions only add to the efforts and contribution we have already been making in this direction.