CSR POLICY

CSR Policy for Meril Life Science Pvt. Ltd.

1. Introduction and Background

The Companies Act, 2013 (hereinafter referred to as “the Act”) under Section 135 has introduced the concept of Corporate Social Responsibility (CSR). It mandates qualifying companies to comply with the provisions of Section 135 of the Act and Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as the CSR Rules) as may be effective and enacted from time to time.

Meril Life Sciences Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under.

Accordingly the Company has constituted the Corporate Social Responsibility Committee (CSR Committee) and based on the CSR Committee recommendation this policy has been formulated and adopted by the Board of Directors (Board) at its meeting held on 17^th June 2014.

In order to incorporate the changes in the CSR Policy of the Company, the CSR Committee of the Board has approved this policy & same has been approved by the Board in their meeting held on 24^th July, 2020.

2. CSR Activities

The CSR initiatives undertaken by the Company so far have been in the area of Education. It will continue to focus on education however going forward Company proposes to adopt one or more of the following CSR activities as prescribed by the applicable laws, including Schedule VII of the Act as amended from time to time.

Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water
Promoting education, including special education and employment-enhancing vocational skills especially among children, women, elderly and the differently abled, and livelihood enhancement projects
Promoting gender equality and empowering women; setting up homes, hostels and day care centers for women and orphans; setting up old age homes and such other facilities for senior citizens and adopting measures for reducing inequalities faced by socially and economically backward groups
Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining the quality of soil, air and water
Protecting national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promoting and developing traditional arts and handicrafts
Measures for the benefit of armed forces veterans, war widows and their dependents
Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports
Contribution to the prime minister's national relief fund or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government
Rural development projects

3. Undertaking CSR Activities

Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee.

4. Composition of the CSR Committee

The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time.

5. Meeting

The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher.

6. Responsibilities of the Committee

It will be the responsibility of the CSR Committee:

To Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken by the Company.
Recommending the amount of expenditure for the CSR activities.
To monitor periodically the implementation of the projects / programmes / activities under this CSR policy and to ensure compliance of the provisions related to CSR mentioned in the Act and the CSR Rules.

7. Governance

The Company through a registered trust or a registered society can undertake CSR activities as per the provisions of the applicable Act & CSR Rules. Accordingly, Maa Foundation or such other entity will assist the CSR Committee in identifying the areas of CSR activities, programs and execution of initiatives as per Schedule VII of the Act. Maa Foundation or such other entity will also assist the Board and the CSR Committee in reporting the progress of deployed initiatives and in making appropriate disclosures (internal/external) on a periodic basis.

8. Funding, selection and monitoring process

Maa Foundation or such other entity will forward proposals regarding focus areas and projects and recommended to the CSR Committee. The CSR Committee will deliberate on the proposals and approve proposals for implementation at its discretion. Maa Foundation or such other entity will monitor the status of each project undertaken by the company and will report to the CSR Committee.

The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Mr. Rajnikant Vyas, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation.

9. Role of Board of Directors

Approving the CSR policy as formulated by the CSR Committee from time to time.
To allocate 2% of the average Net Profit made by the Company during immediately preceding three Financial Years.
Ensuring CSR reporting as per the Act and CSR Rules.
To display contents of CSR policy on the Company’s web site.
Surplus arising out of the CSR initiatives shall not form part of the business profits of the Company

10. Management Commitment

Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone.

11. Amendment of the Policy

The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules.

CSR Policy for Meril Life Science India Pvt. Ltd.

1. Introduction and Background

Meril Life Sciences India Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under.

2. CSR Activities

Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water.
Promoting education, including special education and employment-enhancing vocational skills especially among children, women, elderly and the differently abled, and livelihood enhancement projects;
Promoting gender equality and empowering women; setting up homes, hostels and day care centers for women and orphans; setting up old age homes and such other facilities for senior citizens; and adopting measures for reducing inequalities faced by socially and economically backward groups.
Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining the quality of soil, air and water.
Protecting national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promoting and developing traditional arts and handicrafts.
Measures for the benefit of armed forces veterans, war widows and their dependents,
Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports
Contribution to the prime minister's national relief fund or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects.

3. Undertaking CSR Activities

Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee.

4. Composition of the CSR Committee

The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time.

5. Meeting

The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher.

6. Responsibilities of the Committee

It will be the responsibility of the CSR Committee:

To Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken by the Company.
Recommending the amount of expenditure for the CSR activities.
To monitor periodically the implementation of the projects / programmes / activities under this CSR policy and to ensure compliance of the provisions related to CSR mentioned in the Act and the CSR Rules.

7. Governance

8. Funding, selection and monitoring process

The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Dr. P.K. Minocha, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation

9. Role of Board of Directors

Approving the CSR policy as formulated by the CSR Committee from time to time.
To allocate 2% of the average Net Profit made by the Company during immediately preceding three Financial Years.
Ensuring CSR reporting as per the Act and CSR Rules.
To display contents of CSR policy on the Company’s web site.
Surplus arising out of the CSR initiatives shall not form part of the business profits of the Company

10. Management Commitment

Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone.

11. Amendment of the Policy

The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules.

CSR Policy for Meril Healthcare Pvt. Ltd.

1. Introduction and Background

Meril Healthcare Private Limited (the Company or Meril) is covered under the applicability criteria of Section 135 and hence required to comply the provisions of the Section 135 of the Act and CSR Rules made there under.

2. CSR Activities

Eradicating extreme hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making available safe drinking water.
Promoting education, including special education and employment-enhancing vocational skills especially among children, women, elderly and the differently abled, and livelihood enhancement projects;
Promoting gender equality and empowering women; setting up homes, hostels and day care centers for women and orphans; setting up old age homes and such other facilities for senior citizens; and adopting measures for reducing inequalities faced by socially and economically backward groups.
Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining the quality of soil, air and water.
Protecting national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promoting and developing traditional arts and handicrafts.
Measures for the benefit of armed forces veterans, war widows and their dependents,
Training to promote rural sports, nationally recognized sports, Paralympics sports and Olympic sports
Contribution to the prime minister's national relief fund or any other fund set up by the central govt. for socio economic development and relief and welfare of the schedule caste, tribes, other backward classes, minorities and women;
Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
Rural development projects.

3. Undertaking CSR Activities

Meril will undertake its CSR activities through the Maa Foundation and/ or such other entity/organization as approved by the CSR Committee.

4. Composition of the CSR Committee

The CSR Committee of the Company shall consist of such number of members which fulfils the compliances of the Section 135 of the Act read with CSR Rules, 2014 as amended from time to time.

5. Meeting

The CSR Committee shall hold at least one meeting in each financial Year. Quorum for the CSR Committee meeting shall be one third of its total strength or two members, whichever is higher.

6. Responsibilities of the Committee

It will be the responsibility of the CSR Committee:

To Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken by the Company.
Recommending the amount of expenditure for the CSR activities.
To monitor periodically the implementation of the projects / programmes / activities under this CSR policy and to ensure compliance of the provisions related to CSR mentioned in the Act and the CSR Rules.

7. Governance

8. Funding, selection and monitoring process

The CSR committee who will oversee the policy and prepare monitoring mechanism to ensure effective utilisation of the CSR fund. Since it may be logically difficult for the committee to meet for the approval of every proposal, Dr. P K Minocha, the Chairman of the Committee will send all proposals which are received in between meeting for the approval of the Committee by circulation.

9. Role of Board of Directors

Approving the CSR policy as formulated by the CSR Committee from time to time.
To allocate 2% of the average Net Profit made by the Company during immediately preceding three Financial Years.
Ensuring CSR reporting as per the Act and CSR Rules.
To display contents of CSR policy on the Company’s web site.
Surplus arising out of the CSR initiatives shall not form part of the business profits of the Company

10. Management Commitment

Board of the Company is committed for its CSR activities. Board believe and act on an ethos of generosity and compassion, characterised by a willingness to build a society that works for everyone.

11. Amendment of the Policy

The Board may, upon recommendation of CSR Committee, amend or modify this CSR Policy as and when necessary however changes should be in line with the spirit of the Act and CSR Rules.