OUR CSR POLICY

Name of the Document	Corporate Social Responsibility Policy
Original Release Date	05-10-2015
Revised Date	08-11-2019
Date of Last Review	08-11-2019
Version	2.0
Prepared By	Company Secretary
Changes & Reasons for Change	Policy amended to incorporate amendments ecommended by the CSR Committee

INTRODUCTION

Duroflex Private Limited (‘DPL’ or ‘Duroflex’) diverse projects and operations touch lives of people in many ways and create value by helping in overall and holistic development of communities across multiple geographies. Through its various initiatives, the group endeavours to play a relevant role by serving communities and projects that address gaps in basic societal requirements. Duroflex Private Limited intends to make a positive difference to society and contribute its share towards thesocialcauseofbettermentofsocietyandareainwhichcompaniesoperates

In this regard, Duroflex Private Limited has made this policy which encompasses the Company’s philosophy for delineating its responsibility as a Corporate Citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare & sustainable development of the community at large and titles as the “Corporate Social Responsibility (CSR) Policy” which is based as per the Companies Act, 2013(‘the Act’) and rules made there under.

This policy has been formulated and recommended by the CSR Committee and adopted by the Board of Directors at its meeting held on 08.11.2019 in supersession of the earlier policy. The Board may upon recommendation of the CSR Committee, amend or modify this CSR Policy as and when necessary.

SCOPE AND EXCLUSIONS

Enabling lives, living and livelihood for a stronger and inclusive India

This policy is applicable to Duroflex private limited in India. The following are the key elements of the policy:

a responsible corporate citizen, Duroflex Private Limited has embarked on several initiatives of scale in the education, healthcare and livelihood domains. Duroflex Private Limited endeavours to continuously learn from its experiences and adapt its policies and implementation strategy on an ongoing basis.

The primary objectives of this Policy are: -

To ensure an increased commitment at all levels in the Company, to operate its business in an economically, socially & environmentally sustainable manner, while recognising the interests of all its stakeholders.
To directly or indirectly take up programmes that benefit the communities in and around its work centres and results, over a period of time, in enhancing the quality of life & economic well-being of the local population.
To generate, through its CSR initiatives, a community goodwill for Duroflex Private Limited and help reinforce a positive & socially responsible image of Duroflex Private Limited as a corporate entity

DEFINITIONS.

In this Policy unless the context otherwise requires:

The words and expressions used in this Policy are defined as under –
a) “Act” means the Companies Act, 2013.

b) “Annexure” means Annexure appended to this Policy.

c) “Board” means Board of Directors of the Company.

d) “Company” or “DPL means Duroflex Private Limited

e) “CSR Committee” means the Corporate Social Responsibility Committee of the Board of Directors of the Company referred to in section 135 of the Act.

f) “Corporate Social Responsibility (CSR)” means the responsibility of the Company to undertake the projects andprogrammesrelatingtotheactivitiescoveredunderthe subjectsenumeratedinScheduleVIIofthe Act, as amended from time to time and approved by the Board in pursuance of recommendations of the CSR Committee.

g) “CSR Activities” means the activities of the Company as per this Policy.

h) “CSR Rules” means the Companies (Corporate Social Responsibility Policy) Rules, 2014 notified on 27th February, 2014 by the Government of India, Ministry of Corporate Affairs and any amendments thereof from time to time.

This words and expressions used and not defined in this policy shall have same meaning respectively assigned to them in the act or the corporate social responsibility Rules.

FOCUS AREAS

For a company with diversified businesses like Duroflex Private Limited, there are several opportunities to increase and deepen social impact at scale and generate value for all. Duroflex Private Limited seeks to strategically consolidate the company's CSR initiatives to focus on discrete social problems, all aimed at enabling lives, living and livelihoods. Owing to its long tradition of social responsibility, the value of sustainable social impact at scale is instilled across the conglomerate

The focus areas includes the following :

1. Rural Transformation

To work towards bridging the developmental gap between rural 'Bharat' and urban India by improving livelihood, addressing poverty, hunger and malnutrition. Key initiatives include:

a. Supporting Farm and non-farm livelihoods

b. Improving water conservation and rain-water harvesting

c.Using technology towards delivering need based information for improving quality of life.

d. Improving food security and enhancing nutrition

e. Developing Community infrastructure

2. Healthcare

To address issues around affordability and accessibility of quality healthcare and bring about improvement in awareness and health seeking behaviour in various parts of India, enabling a better living, through initiatives such as:

a) Primary, secondary and tertiary care facilities

b) Conducting need based health camps and providing consultation, medicines etc.

c) Working on maternal and child health

d) Behavioural change for improved mother and child health

e) Improving healthcare delivery through innovative outreach programmes

f) Working for the visually impaired

g) Working in the areas of Communicable and non-communicable diseases

h) Using technology for training, competency evaluation and clinical decision support for medical professionals with a view to improve quality of healthcare

3. Education

To work on several educational initiatives to provide quality education, training, skill enhancement for improving the quality of living and livelihood. Initiatives are aimed at:

a) Promoting primary and secondary education

b) Enabling higher education through merit cum means scholarships, including for differently abled across the country.

c) Using sports as a tool for development of students in both urban and rural settings

d) Promoting higher education including setting up and supporting universities

e) Skill development and vocational training

4. Environment

To enable enhanced livelihood and quality of life, promote environment sustainability through various initiatives for:

a) Ecological sustainability

b) Promoting biodiversity

c) Conservation of natural resources

d) Maintaining quality of soil, air and water

e) Promoting renewable energy

f) Developing gardens and river fronts

5. Protection of national heritage, art and culture

To work towards preserving the rich heritage, arts and culture of India for its future generation and make conscious efforts to ensure its continuity and enhance avenues for livelihoods of traditional artisans and craftsmen. Key initiatives include:

a) Working towards protecting and promoting India's art, culture and heritage through various promotional and developmental projects and programmes.

b) Support and promotion of artists and craftsman

c) Promotion and preservation of traditional art and handicraft

d) Documenting India's rich heritage for the benefit of future generation

6.Disaster Response

Duroflex Private Limited has a track record of organizing timely relief and rehabilitation of communities affectedby natural calamities.

To strengthen efforts in the area of Disaster Response towards establishing Duroflex Private Limited as one of the leading organizations with the capacity to respond in a timely and impactful manner in the affected areas. Key initiatives include:

Building capacities of local communities to respond to disasters

2.Developing expertise and resources to respond to disaster

7. Other Initiatives

Toundertake other need based initiatives in compliance with Schedule VII of the Companies Act, 2013, as amended from time to time.

ANNUAL SPENDS / ALLOCATION OF FUNDS

The Company would spend not less than 2% of the average Net Profits of the Company made during the three immediately preceding financial years. The surplus arising out of the CSR activity will not be part of business profits of the Company. The Corpus would thus include the 2% of average net profits, as aforesaid, any income arising there from and surplus arising out of CSR activities.

The Company may build CSR capacities of its personnel and/or those of its 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

However if the Company ceases to be covered under sub-section (1) of Section 135 of the Act for three financial years, then it shall not be required to, comply with the provisions laid down under sub-section (2) to (5) of the said section, till such time it meets the criteria specified in sub-section (1) of the Act.

Annexure

As presented to the Board by the CSR Committee [Ref. Section 135 (3) (a) and (b)]

S. No	CSR project or activity identified	Sector in which the Project is covered	Projects or programs (1) Local area or other (2) Specify the State and district where projects or programs was undertaken	Amount outlay (budget) project or programs wise	Amount spent on the projects or programs Sub – heads: (1) Direct expenditure on projects or programs (2)Overheads	Cumulative expenditure up to the reporting period	Amount spent: Direct or through implementing agency*








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