Corporate Social Responsibility (CSR) Policy
of ALCOLITE INDIA ROAD SAFETY Pvt. Ltd.

1. Preamble

ALCOLITE INDIA ROAD SAFETY Pvt. Ltd. (“the Company”) believes that as a responsible corporate citizen, it has an important role to play in promoting sustainable development and contributing to the welfare of society. In accordance with the provisions of Section 135 of the Companies Act, 2013, the Companies (Corporate Social Responsibility Policy) Rules, 2014, and subsequent amendments, the Company is committed to undertake activities that contribute to the social, environmental, and economic development of the community.

2. Objective

• Promote sustainable and inclusive development as an integral part of our business operations.
• Contribute to the socio-economic and environmental well-being of communities.
• Ensure compliance with the provisions of Section 135 of the Companies Act, 2013, and applicable rules.
• Align CSR initiatives with the priorities outlined in Schedule VII of the Companies Act, 2013.
• Foster partnerships with stakeholders, including communities, NGOs, and other implementing agencies, to maximize the impact of CSR activities.
• Promote a culture of social responsibility and community engagement within the organization.

3. Scope and Applicability

This CSR Policy applies to all CSR projects and activities undertaken by ALCOLITE INDIA ROAD SAFETY Pvt. Ltd., either directly or through its implementing Alcolite Foundation, a trust controlled by the Company. The Policy shall be applicable to all CSR initiatives and expenditures undertaken by the Company in India in accordance with the applicable provisions of the Companies Act, 2013.

4. CSR Vision

To contribute towards nation-building by promoting inclusive growth and improving the quality of life of underprivileged and marginalized sections of society through sustainable and impactful community development programs.

5. CSR Committee

6. Roles and Responsibilities of the CSR Committee

1. Formulate and recommend to the Board the CSR Policy and any amendments thereto.
2. Recommend CSR projects or programs to be undertaken by the Company, specifying modalities of execution and implementation schedules.
3. Recommend the amount of expenditure to be incurred on CSR activities.
4. Monitor the implementation of CSR projects from time to time.
5. Ensure compliance with the CSR provisions of the Companies Act, 2013.

7. CSR Focus Areas / Activities

1. Promoting education, including special education and employment-enhancing vocational skills.
2. Promoting healthcare, including preventive health care and sanitation.
3. Promoting gender equality and empowerment of women.
4. Ensuring environmental sustainability, to grow and preserve trees and inspire for plantation.
5. Eradicating hunger, poverty, and malnutrition.
6. Promote art, music, theatre, dance etc.
7. Rural development projects and support for livelihood enhancement.
8. Any other activity as may be prescribed under Schedule VII from time to time, such as disaster relief, promotion of sports, protection of national heritage, or contributions to funds set up by the Central Government (e.g., PM’s National Relief Fund or CM Relief Fund).

8. Implementation

• CSR activities shall be undertaken either directly by the Company or through its trust Alcolite Foundation, which is controlled by the Company and established for the purpose of implementing CSR projects.
• Alcolite Foundation shall ensure proper execution, monitoring, and reporting of CSR initiatives in alignment with the Company’s CSR Policy.
• The CSR Committee shall approve the annual action plan specifying the list of projects, manner of execution, implementation schedules, monitoring process, and details of funds utilization.

9. CSR Expenditure

• The Company shall spend, in every financial year, at least 2% of the average net profits of the three immediately preceding financial years on CSR activities.
• Any surplus arising out of CSR activities shall not form part of the business profits of the Company and shall be ploughed back into CSR activities or transferred to the Unspent CSR Account as required under the Act.
• Expenditure incurred on activities undertaken in India only shall be considered for CSR purposes.

10. Monitoring and Reporting

• The CSR Committee shall monitor the progress of CSR projects and ensure that implementation is in accordance with approved plans.
• The Board shall include an annual report on CSR activities in its report as per Rule 8 of the Companies (CSR Policy) Rules, 2014.
• Alcolite Foundation shall maintain proper documentation and records of all CSR activities and expenditures.

11. Display of CSR Policy

This CSR Policy shall be uploaded on the Company’s website at www.alcolite.in in compliance with the Companies Act, 2013, and a web link to the policy shall be provided in the Board’s Report.

12. Amendments

This Policy may be amended by the Board of Directors on the recommendation of the CSR Committee, subject to the provisions of the Companies Act, 2013, and related rules and notifications issued from time to time.

Approved by the Board of Directors
of ALCOLITE INDIA ROAD SAFETY Pvt. Ltd.
on this 24th day of May, 2024

For ALCOLITE INDIA ROAD SAFETY Pvt. Ltd.

Mehmood Ahmed
(Authorised Signatory)