Our Journey Through Time

Preamble

The Board of Directors (the “Board”) of Aica Laminates India Private Limited (the “Company”), has adopted the Corporate Social Responsibility Policy for contributing towards economic and social development of the society.

Objective

While the company, as a conscious corporate citizen supports the philosophy of social development, this Policy is also framed as per requirement of Sections 135 of the Companies Act, 2013 (“Act”) read with applicable Rules and Regulations under the Act.

The Corporate Social Responsibility Committee, formed by the Board will review and may amend this policy from time to time. This policy will be applicable to the Company to be followed as a responsible member of society striving towards its development.

Corporate Social Responsibility (CSR) Activities

The Company may undertake any of the following activities as its CSR activities-

• Eradicating hunger, poverty and malnutrition, promoting health care including preventive health and sanitation including contribution to the Swatch Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water.
• Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects.
• Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
• Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Ganga Fund set-up by the Central Government for rejuvenation of river Ganga.
• 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.
• Measures for the benefit of armed forces veterans, war widows and their dependents, Central Armed Police Forces (CAPE) and Central Para Military Forces (CPMF) veterans, and their dependents including windows.
• Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports.
• Contribution to the Prime Minister's National Relief Fund or Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women.
• (A) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and (b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)].
• Slum area development. Explanation.— For the purposes of this item, the term ‘slum area’ shall mean any area declared as such by the Central Government or any State Government or any other competent authority under any law for the time being in force;
• Disaster management, including relief, rehabilitation and reconstruction activities.

• As per the provisions of the Act, the Board shall ensure that the Company spends in every financial year, at least 2% of the average net profits of the Company made during the three immediately preceding financial years.
• CSR Committee shall recommend the amount of expenditure alongwith the activities to be incurred annually to the Board for its consideration and approval.
• CSR expenditure shall include all expenditure including contribution to corpus, for projects or programs relating to CSR activities approved by the Board on the recommendation of its CSR Committee, but will not include any expenditure on an activity not in conformity with activities specified under Schedule VII of the Act.

As per the requirements of the Act, and rules framed there under, the Board of Directors have constituted a CSR Committee to take up the following activities

• As per the provisions of the Act, the Board shall ensure that the Company spends in every financial year, at least 2% of the average net profits of the Company made during the three immediately preceding financial years.
• CSR Committee shall recommend the amount of expenditure alongwith the activities to be incurred annually to the Board for its consideration and approval.
• CSR expenditure shall include all expenditure including contribution to corpus, for projects or programs relating to CSR activities approved by the Board on the recommendation of its CSR Committee, but will not include any expenditure on an activity not in conformity with activities specified under Schedule VII of the Act.

Composition of the CSR Committee shall be disclosed in the Directors Report.

• Composition of the CSR Committee shall be disclosed in the Directors Report.
• The Directors Report shall include an annual report on CSR activities in prescribed format (by Ministry of Corporate Affairs ) containing specified particulars i.e. Brief Outline of CSR Policy, its content, the average net profit for the last 3 financial years and the prescribed CSR expenditure etc.
• If the company fails to spend the prescribed amount, the Board shall, in its report specify the reasons for not spending the amount.
• The Policy shall also be displayed on the company's website.

This Policy will come into effect from the date of approval of the same by the Board of Directors of Company.