CORPORATE SOCIAL RESPONSIBILITY POLICY

1. PREAMBLE

“CIVILIZATION” in the true sense means coming and working together for each other with the idea of benefiting the other. However, to keep pace with the changing environment the “civilization” seems to lose its true meaning, one should realize that the synergy is gained by coming together and not by staying isolated.

The organizations must understand the need of the hour that the Government cannot alone uplift the society as a whole and thus every organization must extend their hands for this noble cause.

The organization functions in society, it is a part of society, and the organization receives resources, manpower, revenue, etc. from society and it inherently becomes the responsibility of the organization to return to society by giving what the society wants so that it can become a better place for the entire human race.

Section 135 of the Companies Act, 2013 requires the company to formulate the Corporate Social Responsibility Committee and a policy thereon.

Mana And Kias Infrastructures Limited (“the Company”) by this Policy anticipates working for the human civilization.

2. OBJECTIVE

CSR is strongly connected with the principles of Sustainability; an organization should make decisions based not only on financial factors but also on the social and environmental consequences. Therefore, it is the core corporate responsibility of the company to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders.

3. REGULATORY REFERENCE

4. POLICY

5. COMMITTEE

The Company has formed a committee which shall be known as the Corporate Social Responsibility Committee (“the Committee”).
The Committee shall consist of three or more directors, out of which at least one Director shall be an independent director at all points of time.
The composition of the Committee shall be disclosed by the Board of Directors of the Company in its Report.

6. CSR ACTIVITIES

The following activities shall be termed as CSR Activities

01.

Eradicating hunger, poverty, and malnutrition, promoting preventive health care and sanitation, and making available safe drinking water.

02.

Promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly, and the differently abled and livelihood enhancement projects.

03.

Promoting gender equality, empowering women, setting up homes and hostels for women and orphans. setting up old age homes, daycare centers, and other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.

04.

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

05.

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.

06.

Measures for the benefit of armed forces veterans, war widows, and their dependents.

07.

Training to promote rural sports, nationally recognized sports, paralympic sports, and Olympic sports.

08.

Contribution to the 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 Caste, the Scheduled Tribes, other backward classes, minorities, and women.

09.

contribution to the 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 Caste, the Scheduled Tribes, other backward classes, minorities, and women.

10.

Contribution to rural development projects.

The CSR Activities shall not include the following

7. CONTRIBUTION FOR CSR ACTIVITIES

01.

The Board of the Company shall ensure that the Company spends, in every financial year, at least two percent of the average net profits of the Company made during the three immediately preceding financial years, in pursuance of the Policy.

02.

If the Company fails to spend such amount the Board shall, in its report specify the reasons for not spending the amount.

03.

The surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of a company and shall be carried forward for spending in the next financial year.

04.

The contribution to CSR Activities shall only be made in India.

Explanation: if any contribution to CSR Activities is made outside India, the same shall not be considered in the calculation of the two percent limit as specified in clause (a) above.

05.

The Company shall give preference to the local area and areas around it where it operates for spending the amount earmarked for CSR activities.

8. IMPLEMENTATION

01.

The Board may decide to undertake its CSR activities approved by the CSR Committee through a registered trust or registered society or company established by the Company or its subsidiary or associate Company under the Companies Act, 2013.

02.

The Company may also collaborate with other Companies for undertaking projects or programs or CSR activities in such a manner that the CSR Committees of respective companies are in a position to report separately on such projects or programs in accordance with these rules.

03.

Companies may build CSR capacities of their personnel as well as those of their Implementing agencies through Institutions with established track records of at least three financial years but such expenditure shall not exceed five percent of total CSR expenditure of the company in one financial year.

9. MONITORING AND REPORTING

01.

The CSR Committee shall monitor and review the progress of activities undertaken/ completed.

02.

The Committee shall meet at least once Annually or as may be required by the Committee Members and/or the Board of Directors.

03.

The Board of Directors of the Company should meet at least once Annually or as may be required by the Committee Members and/or the Board of Directors to review the implementation of the Policy and CSR Activities.

04.

The Board Report shall consist of a section of the Annual Report on CSR as per the format prescribed under the Rules.

10. TREATMENT WITH RESPECT TO UNSPENT CSR AMOUNT

01.

If the Company fails to spend the prescribed CSR amount, the Board shall, in its report, specify the reasons for not spending the amount and unless the unspent amount relates to any ongoing project, transfer such unspent amount to a Fund specified in Schedule VII, within six months of the expiry of the financial year.

02.

Any prescribed CSR amount remaining unspent according to any ongoing project, undertaken by a Company in pursuance of its Corporate Social Responsibility Policy, shall be transferred by the Company within thirty days from the end of the financial year to a special account to be opened by the Company in that behalf for that financial year in any scheduled bank to be called the Unspent Corporate Social Responsibility Account, and such amount shall be spent by the Company in pursuance of its obligation towards the Corporate Social Responsibility Policy within three financial years from the date of such transfer, failing which, the Company shall transfer the same to a Fund specified in Schedule VII, within thirty days from the date of completion of the third financial year.

11. AMENDMENT

The Company reserves its right to amend or modify the Policy in whole or in part, so long as it is not inconsistent with the provision of the Act and Rules.