CSR

Guided by our ethos, “Atithi Devo Bhava”, our commitment to help and care for people.

This Corporate Social Responsibility Policy (“the CSR Policy”) has been framed by Annakoot Properties
Private Limited (the Company) in accordance with the Section 135, Schedule VII of the Companies Act,
2013 and Companies (Corporate Social Responsibility) Rules, 2014.

Companies Act, 2013 has formally introduced the Corporate Social Responsibility to the dash board of
the Indian Companies. Annakoot Properties Private Limited is much positive and appreciate the
decision taken by the Government of India. Legal framework of CSR is an edge to Corporate
Charitable/reformative approach towards the Society to which the Corporate is belonging to. By
introducing the separate section for CSR in Companies Act, 2013, the Government has given legal
recognition to their community development approach.

The management of the Annakoot Properties Private Limited expresses its willingness and support to
the CSR concept, its legal framework and shall be abided to it.

The Company has constituted Corporate Social Responsibility Committee (“the Committee”) comprising
of following three Directors:

1. Mr. K. Prakash Shetty – Chairman

2. Mr. Gaurav P. Shetty – Member

3. Mrs. Asha P. Shetty – Member

Pursuant to Schedule VII of the Companies Act, 2013, the Committee has approved the following
activities as “CSR Activities” to be undertake under the CSR policy of the Company. The Board of
Directors has reviewed the said activities and express its consent to the Committee to pursue the said
activities under CSR policy of the Company under section 135 of the Companies Act, 2014, Schedule
VII and other applicable rules, regulations, notifications etc., issued/to be issued from time to time.

1. Eradicating hunger, poverty and malnutrition, promoting preventive healthcare and sanitation to
the public;

2. Promoting education, including primary, secondary and higher secondary education, as well as
special education and employment enhancing vocation skills especially among children,
women, elderly and the differently abled and livelihood enhancement projects;

3. Projects, Activities, Programmes relating to conservation of natural resources including
renewable energy sources; Projects, Activities, Programmes relating to water conservation and
maintaining quality of soil, air, and water;

4. Promoting Gender equality and empowerment of women.

5. Rural Infrastructure Development- Need based quality infrastructure to improve quality of life.

6. To provide relief with a caring approach towards the needs of the vulnerable sections of the
society to help them in recovering from all natural and manmade disasters.

The Company shall allocate the budget for CSR activities. The minimum budgeted amount for a
financial year shall be 2% of the average net profit of three immediately preceding financial years. The
Company may allocate more fund/amount than the amount prescribed under section 135 of the
Companies Act, 2013, for the CSR activities for any financial year. The Committee shall calculate the
total fund for the CSR activities and recommend to the Board for the approval. The Board shall approve
the total fund to be utilized for CSR activity for respective financial year.

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
does not include any expenditure on an item not in conformity or not in line with activities which fall
within the approved CSR activities.

Out of approved CSR activities, the Committee shall decide which activity/project should be given
priority for the respective financial year. While arriving at the decision of the activity to be undertaken for
the respective year, the Committee shall analyse the basic need of the community/ area in which the

Organisation operates or at the place where its registered office is situated. The Committee shall record
its findings and prioritised the CSR activities.

After prioritizing the activity, the Committee shall finalise the detail implementation project/programme,
including planning for expenses against the total budget allocated for CSR activities.

At organisational level for implementation of agreed CSR activity, the committee may constitute an
implementation team or authorised any of the Department of the Company to organize for the
implementation of the CSR activity. The team or respective department shall monitor the
implementation process from time to time, on behalf of the CSR committee and place a report to the
Committee regarding the progress of the activity implementation, on a quarterly basis. The respective
department or implementation team would be responsible for reporting of any irregularity to the
Committee on immediate basis.

The Board of Directors shall constantly monitor the implementation of the CSR activities. The CSR
committee shall place a progress report, including details of expenses, before the Board on quarterly
basis. The Board shall review the same and suggest recommendation, if any, to the committee with
regard to implementation process.

The Committee is responsible to undertake CSR activities as per the approved CSR Policy. Apart from
quarterly reporting to the Board about the implementation of CSR activity, a detail report containing the
implementation schedule, total budget allocated, actual expenses incur, surplus arising, if any, result
achieved, further work to do in the concern CSR activity, Recommendation for the CSR activities for
next year etc. should be placed before the Board for its consideration. Any surplus arising out of the
fund allocated for CSR activity shall not be the part of the business profit of the Company.

The Committee shall annually review its CSR Policy from time to time and make suitable changes as
may be required and submit the same for the approval of the Board.

Our Board of Directors, our Management and all of our employees subscribe to the philosophy of
compassionate care. We believe and act on an ethos of generosity and compassion, characterized by a
willingness to build a society that works for everyone. This is the cornerstone of our CSR policy.

Our Corporate Social Responsibility policy conforms to the relevant section of the Corporate Social
Responsibility, Rules made under Companies Act, 2013 and amendment(s) to be made thereto in
future.