CSR Activities

• Release of funds for CSR Project/Programme: The amounts sanctioned for a CSR project or programme, will be released in stages or installments as per progress, as may be determined by the CSR Committee. CSR Committee may design the procedure/ guidelines applicable from time to time and release of funds to any project in a year shall be as per the guidelines finalized by the CSR Committee.

• Review by Board/CSR committee: On a quarterly basis, the Board of Directors and CSR Committee will review the implementation of CSR.

• Utilization Certificate: Funds released/to be released to the implementing agency would be based on satisfactory utilization certificate duly certified by an authorized officer' / CEO of the done entity and satisfactory performance report submitted by the said person, as may be decided by the CSR Committee.

• External Agency assessment: The impact assessment/ evaluation of major projects may be carried out by an external agency to critically assess the fulfilment of project objectives.

• Audit: The amount spent on CSR by the company will be subject to audit.

• Reporting in the Annual Report of the Company: CSR Policy and initiatives of the Company will be reported in the Annual Report of the Company in the manner prescribed under the CSR Rules. All the CSR & Sustainability projects would be documented and hosted on the company website also.

The CSR Policy referred to above is to be read in conjunction with Companies Act, 2013 and Companies (CSR Policy) Rules, 2014. Any or all provisions of the CSR Policy would be subject to revision / amendment in accordance with the guidelines on the subject as may be issued from the Government from time to time or as decided by the Board of Directors of the Company. The above Policy Guidelines are subject to review at suitable intervals and subject to revision accordingly.