CORPORATE SOCIAL RESPONSIBILITY POLICY

Purpose

The key purpose of Corporate Social Responsibility (CSR) Policy (“Policy”) of EXILANT Technologies Private Limited (the “Company”) is to:

  • define the CSR activities the Company intends to focus on
  • define the approach the Company intends adopt to achieve the policy
  • serve as a guiding document to help execute and monitor CSR programmes undertaken by Company
  • explain the manner in which the surpluses from CSR programmes will be treated

CSR Activities:

EXILANT’s CSR programmes will focus on one or more of the following areas.

  1. Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water including but not limited to giving medical and legal aid, treatment to road accident victims, provision of aids and appliances to the differently- able persons, Supplementing of Govt. schemes like mid-day meal by corporates through additional nutrition etc.

  2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement programmes including but not limited to promotion of road safety, educating the masses and promotion of road safety awareness in all facets of road usage, drivers’ training, Safety traffic engineering and awareness through print, audio and visual media etc.,

  3. Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups

  4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water

  5. Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art, setting up public libraries, promotion and development of traditional arts and handicrafts

  6. Measures of the benefit of armed forces veterans, war widows and their dependants

  7. Training to promote rural sports, nationally recognised sports, Paralympic sports and Olympic sports

  8. Contribution to Prime Minister’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women

  9. Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government

  10. Rural development programmes

  11. Research and studies in the areas listed from 1 to 10 above.

  12. Such other areas as the regulatory authorities may notify from time to time.

Corporate Social Responsibility (CSR) Committee and its responsibilities:

CSR governance structure will be headed by the CSR committee (“Committee”) of the Board of Directors (“Board”) of the Company. Committee will be responsible for the CSR programmes undertaken. The Committee will in turn report to the Board.

The responsibilities of the Committee include but are not limited to;

  • Formulation and updation of CSR Policy in line with the applicable statutory provisions, if any. The Policy and any amendments thereof shall be approved by the Board

  • Suggesting areas of intervention to the Board for its approval

  • Placing for Board’s approval, a CSR plan outlining the CSR programmes for that financial year in line with the Policy. Board will consider and approve the CSR Plan with any modification that may be deemed necessary.

  • Having monitoring mechanisms in place to track the progress of each approved CSR project and ensure its execution.

  • Meeting at such intervals as may be necessary to review the activities of the Committee and progress of the approved programmes and ensuring the persons/bodies to which the implementation is assigned will carry out such CSR programmes as determined by the Committee within the specified budgets and timeframes and report back to the Committee on the progress thereon at such frequency as the Committee may direct.

  • Keeping the Board apprised of the status of execution of CSR programmes and at the end of every financial year, submission of CSR report to the Board.

Approach to achieve the objectives of the Policy:

Company will endeavour to implement the aforesaid CSR activities on its own to the extent possible. Company also wishes to work with or collaborate with various organisations like registered trusts, societies, NGOs, companies registered under Section 8 of the Companies Act 2013, or such other organisations which has established track records of three years in undertaking similar CSR programmes. Company also recognises the opportunities to collaborate or join hands with other companies by pooling resources to carry out the CSR activities. Company may also consult the external technical and legal advisors and resources to achieve the objectives of the Policy.

CSR Budget

The total budget for the CSR programmes will be recommended by the Committee and placed for Board’s approval.

Treatment of Surpluses

Any surplus generated from CSR programmes undertaken by Company will be tracked and channelized into CSR corpus. These funds will be further used in development of the CSR programmes and will not be added to the normal business profits.

Raghavan Srinivasan

Director

DIN- 02788640

Date – 29.01.2015

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