Corsearch India Private Limited
Corporate Social Responsibility Policy

1. Introduction

This Corporate Social Responsibility (“CSR”) Policy outlines the framework and guiding principles for Corsearch India Private Limited (the “Company”) to integrate social, environmental, and ethical considerations into its business practices and operations. In line with the requirements of the Companies Act, 2013, and the subsequent amendments, the Company is committed to contributing to sustainable economic development, improving the quality of life, and making a positive impact on society.

2. CSR Objectives

The objectives of this policy are:

• To ensure that Company operates responsibly and contributes to the welfare of the community.
• To allocate 2% of the net profits towards CSR initiatives in accordance with Section 135 of the Companies Act, 2013.
• To contribute to social, environmental, and educational development within the region, aligning with the United Nations Sustainable Development Goals.

3. CSR Committees and Governance

A CSR Committee shall be formed within the organization, as constituted by the Directors of the Company. The CSR Committee will oversee the implementation of this policy and ensure that the funds are allocated and utilized appropriately.

The CSR Committee shall:

• Approve and recommend CSR initiatives in line with the policy and regulatory requirements.
• Monitor the progress of CSR programs and ensure transparent reporting.
• Collaborate stakeholders to ensure the successful execution of projects.

4. Focus Areas for CSR Activities

In accordance with Schedule VII of the Companies Act, 2013, the Company shall decide on the following broad areas for CSR donations:

1. Education and Skill Development:
   • Promote and support initiatives aimed at improving access to quality education and vocational training programs.
   • Support the construction or renovation of educational infrastructure in underprivileged communities.
   • Invest in digital education tools, scholarships, and mentorship programs for students from marginalized backgrounds.
2. Healthcare and Sanitation:
   • Contribute to public health initiatives by supporting healthcare infrastructure, especially in rural areas.
   • Promote sanitation and hygiene through projects like building toilets, improving water access, and awareness campaigns on cleanliness.
   • Fund healthcare services for the underprivileged, including medical camps and disaster relief operations.
3. Environmental Sustainability:
   • Support initiatives for environmental conservation, including waste management, tree plantation drives, and water conservation projects.
   • Invest in renewable energy projects, such as solar power, wind energy, and energy efficiency programs.
   • Promote awareness about climate change and sustainable living practices.
4. Rural Development and Livelihood Enhancement:
   • Support agricultural development programs, including sustainable farming practices and access to resources for farmers.
   • Promote rural entrepreneurship and support skill-building programs for rural youth.
   • Partner with NGOs to improve infrastructure and livelihoods in underserved rural communities.
5. Eradication of Hunger and Poverty:
   • Work towards alleviating hunger and poverty through direct food relief programs, food banks, and sustainable agricultural initiatives.
   • Partner with social enterprises or non-profits that address the needs of disadvantaged communities.
   • Support microfinance and livelihood programs aimed at reducing poverty levels.
6. Women Empowerment and Gender Equality:
   • Promote gender equality through support for women’s education, leadership, and entrepreneurship programs.
   • Support campaigns that aim to end gender-based violence and discrimination.
   • Fund women’s healthcare and empowerment initiatives, particularly in underserved communities.
7. Disaster Relief and Rehabilitation:
   • Provide relief and rehabilitation support during natural disasters such as floods, earthquakes, and cyclones.
   • Establish a disaster response fund to support emergency relief operations.
   • Work with local governments and NGOs to provide immediate aid and long-term rebuilding efforts.

5. Fund Allocation and Monitoring

• 2% of Net Profits: In line with the provisions of Section 135 of the Companies Act 2013, the Company shall allocate 2% of its net profits, calculated in accordance with the relevant accounting standards, towards CSR initiatives.
• Execution of CSR Activities: CSR funds will be primarily utilised for supporting projects within the identified focus areas. The CSR Committee will ensure that the funds are disbursed in a transparent and accountable manner.
• Monitoring: The CSR Committee shall monitor and evaluate the impact of CSR programs through periodic reports. Feedback will be used to improve and enhance future CSR strategies.

6. Reporting and Transparency

The Company will publish an annual CSR report outlining the initiatives undertaken, the funds allocated, and the impact of the projects. The report will be made available to stakeholders, including employees, customers, and shareholders, to maintain transparency and accountability.

7. Collaboration with External Stakeholders

To ensure effective implementation of CSR projects, the Company may collaborate with external organizations, including non-profits, government agencies, and international bodies. Such partnerships will be in line with the goals outlined in this policy and will be chosen based on their capacity to execute impactful programs.

8. Policy Review

This CSR Policy will be reviewed periodically to ensure its relevance, effectiveness, and compliance with applicable laws. The CSR Committee will update the policy as necessary to reflect any changes in the legal or business environment.

---

Conclusion

The Company is committed to being a responsible corporate citizen, contributing to the well-being of society and the environment. This CSR Policy is a reflection of our dedication to making a positive impact and helping build a sustainable future for all.