CSR Policy

MARGADARSI CHIT FUND PRIVATE LIMITED (MCFPL) is committed to good Citizenship and has a firm belef that businesses are key organs of the society, which have an underlying responsibility towards empowering people and ensuring sustainable development in the overal interest of the Society and the ecosystem in which we operate.

This Corporate Social Responsibility Policy ("CSR Policy") has been adopted by the Company in consonance with Section 135 of the Companies Act 2013 ('Act), the Companies (Corporate Social Responsibility Policy) Rules 2014 ('CSR Rules"), and subsequent amendments/notifications/circulars issued by the Ministry of Corporate Affairs, Government of India, from time to time.

The CSR Committee of the Board constituted under Section 135 of the Act will recommend eligible projects to be taken up as sustainable projects and project-wise annual budgeted expenditure to the Board for its consideration and approval.

The total CSR budget for any financial year shall be for an amount equivalent to 2% of the average n profits of the Company, made during the three immediately preceding financial years.

The Board of Directors shall spend the CSR obligation amounts on various projects recommended by the CSR Committee. In the case where the obligated amount has not been spent in any particular year, the Board shall in its Report to the shareholders, explain the reasons for not being able to spend the required amount.

The Company can undertake projects which may involve an imklementation period of 3 to 4 years as "Ongoing Projects" and allocate resources accordingly.

The Company endeavors to focus on the following broad activities.

• Rural development
• Village roads
• Renewable energy installations
• Preventive healthcare
• Sanitation
• Provision of safe drinking water
• Livelihood enhancement projects
• Imparting vocational skills, skill development
• Agroforestry, soil conservation, rainwater harvesting
• Construction of hostels for destitute women and children
• Schools
• Old age homes
• Development of traditional arts and crafts etc.
• Restoration of old temples

A brief outline of the company's CS policy, including an overview of projects or programs proposed to be undertaken, the CSR policy and projects or program is given below:

This Corporate Social Responsibility Policy ("CSR Policy") has been adopted by the Company in consonance with Section 135 of the Companies Act 2013 ("Act), the Companies (Corporate Social Responsibility Policy) Rules 2014 ('CSR Rules"), and subsequent arhendments/notifications/circulars issued by the Ministry of Corporate Affairs, Government of India, from time to time.

The Policy shall apply to all CS projects/programs undertaken by the Company in India as per Schedule Vil of the Act, and any amendments or additions thereto,

The CSR Committee of the Board constituted under Section 135 of the Act will recommend el projects to be taken up as sustainable projects and project-wise annual budgeted expenditure † Board for its consideration and approval.

The total CSR budget for any financial year shall be for an amount equivalent to 2% of the average n profits of the Company, made during the three immediately preceding financial years.

The Board of Directors shall spend the CSR obligation amounts on various projects recommended by thi CSR Committee. In the case where the obligated amount has not been spent in any particular year, the Board shall in its Report to the shareholders, explain the reasons for not being able to spend the required amount.

The Company can undertake projects which may involve an implementation period of 3 to 4 years as "Ongoing Projects" and allocate resources accordingly.

The Company endeavors to focus on the following broad activities.

• Rural development
• Village roads
• Renewable energy installations
• Preventive healthcare
• Sanitation
• Provision of safe drinking water ★
• Livelihood enhancement projects
• Imparting vocational skills, skill development
• Agro forestry, soil conservation, rain water harvesting
• Construction of hostels for destitute women and children
• Schools
• Old age homes
• Development of traditional arts and crafts etc.
• Restoration of old temples

The Company may take up such other activities which are broadly covered under Schedule VIl of the Act (capturing the essence of the subjects enumerated therein, with liberal interpretation) and any additions which may be made hereafter. Relief and rehabilitation work in case of any natural calamities and major disasters will also be taken up under CSR.

MARGADARSI CHITS PRIVATE LIMITED (MCPL) is committed to good Citizenship and has a firm belef that businesses are key organs of the society, which have an underlying responsibility towards empowering people and ensuring sustainable development in the overal interest of the Society and the ecosystem in which we operate.

This Corporate Social Responsibility Policy ("CSR Policy") has been adopted by the Company in consonance with Section 135 of the Companies Act 2013 ('Act), the Companies (Corporate Social Responsibility Policy) Rules 2014 ('CSR Rules"), and subsequent amendments/notifications/circulars issued by the Ministry of Corporate Affairs, Government of India, from time to time.

The Policy shall apply to all CSR projects / programmes undertaken by the Company in India as per Sche VIl of the Act, and any amendments or additions thereto,

The CSR Committee of the Board constituted under Section 135 of the Act will recommend eligible projects • be taken up as sustainable projects and project wise annual budgeted expenditure to the Board for its consideration and approval.

The total CS budget for any financial year shall be for an amount equivalent to 2% of the average net profits of the Company, made during the three immediately preceding financial years.

The Board of Directors shall spend the CSR obligation amounts on various projects recommended by the CSR Committee. in case where the obligated amount has not been spent in any particular year, the Board shall in its Report to the shareholders, explain the reasons for not being able to spend the required amount.

The Company can undertake projects which may involve implementation period of 3 to 4 years as "Ongoing Projects" and allocate resources accordingly.

The Company endeavors to focus on the following broad activities.

• Rural development
• Village roads
• Renewable energy installations
• Preventive healthcare
• Sanitation
• Provision of safe drinking water ★
• Livelihood enhancement projects
• Imparting vocational skills, skill development
• Agro forestry, soil conservation, rain water harvesting
• Construction of hostels for destitute women and children
• Schools
• Old age homes
• Development of traditional arts and crafts etc.
• Restoration of old temples

The Company may take up such other activities which are broadly covered under Schedule VIl of the Act (capturing the essence of the subjects enumerated therein, with liberal interpretation) and any additions which may be made hereafter. Relief and rehabilitation work in case of any natural calamities and major disasters will also be taken up under CSR.