Background

In compliance with the requirements of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended, the Company is, inter alia, required to:

• Constitute a Board Committee to formulate and recommend a CSR Policy and monitor activities.
• Ensure spending at least 2% of average Net Profits before Tax of the last three years.

Vision, Objective and Applicability

At AutoMeters Alliance Limited (“Company”), we believe it is important for business to contribute to society. This policy defines the Company’s CSR approach in accordance with applicable laws.

CSR builds a dynamic relationship between the company, society, and environment, driven by moral obligation and philanthropy.

This Policy applies to all CSR projects across all locations of the Company.

Our Vision

1. Conduct business ethically and responsibly while creating a positive social impact.
2. Improve quality of life in communities where the Company operates.
3. Comply with all CSR requirements under the Companies Act, 2013.

Applicability of the Policy

1. Policy aligned with Section 135 of the Companies Act, 2013.
2. Applies to CSR initiatives across India, especially near operational areas.

Definitions and Interpretation

1. Administrative overheads: Expenses for CSR management excluding project costs.
2. Board: Board of Directors.
3. Company: Autometers Alliance Limited.
4. CSR Activities: Approved CSR programs.
5. CSR Committee: Committee under Section 135.
6. CSR Rules: CSR Policy Rules, 2014.
7. CSR Expenditure: Amount approved for CSR activities.
8. Director: Member of Board.
9. Implementing Agency: Agency executing CSR.
10. Implementation Group: Internal execution team.
11. Net Profits: Profit as per Act excluding specified items.
12. Ongoing Project: Multi-year CSR project.
13. Society: Registered society.
14. Trust: Registered public charitable trust.

CSR Activities

The Company may undertake activities such as:

• Eradicating hunger, poverty, promoting healthcare and sanitation.
• Promoting education and livelihood enhancement.
• Gender equality and women empowerment.
• Environmental sustainability and conservation.
• Protection of heritage and culture.
• Support for armed forces veterans.
• Promotion of sports.
• Contribution to government relief funds.
• Research and development initiatives.
• Rural development and slum area development.
• Disaster management and relief.

Governance Structure

Board of Directors

• Approve CSR policy and projects.
• Ensure minimum CSR spending.
• Disclose CSR details in reports.

CSR Committee

• Formulate and review CSR policy.
• Identify CSR activities.
• Report to Board.

CSR Expenditure

• Minimum 2% of average net profits to be spent.
• Board approves expenditure.
• Unspent amounts handled as per law.

Implementation of CSR Activities

CSR programs may be implemented through employees, external agencies, or charitable entities.

Monitoring and Evaluation

• Regular progress tracking.
• Field visits and feedback.
• Financial audits and impact assessments.

Reporting and Record Keeping

• Maintain CSR Committee meeting records.
• Include CSR report in Board report.
• Publish CSR policy on website.

General

• Policy subject to legal provisions and amendments.
• CSR Committee decisions are final.
• Company may modify policy anytime.