CORPORATE SOCIAL RESPONSIBILITY

SAKTHI SUGARS LTD BHAVANI

1. PREFACE

1.1 According to Section 135 of the Companies Act 2013, dealing with Corporate Social
Responsibility, has become operational from 1st April 2014. The Section has prescribed that
the Corporate Social Responsibility Committee (CSR Committee) has to formulate and
recommend to the Board a Corporate Social Responsibility Policy.

1.2 Based on the recommendation of CSR Committee, a Corporate Social Responsibility

Policy (CSR Policy) has been formulated with a view to provide the scope for the CSR
Committee to deal with the matters which are prescribed under the Companies Act 2013 and
the Listing Agreement.

1.3 The CSR Policy will be placed on the Companys website at www.sakthisugars.com.

2. PRIMARY OBJECTIVES

The primary objective of Corporate Social Responsibility is the commitment of the company
to contribute for sustainable economic development and social welfare like education, health,
water, environment and community welfare.

3. COMPOSITION OF CSR COMMITTEE

3.1 The CSR Committee shall consist of minimum of three Directors as members of the
Committee, out of whom at least one member will be an Independent Director.

3.2 The members of CSR Committee shall elect a Chairman from amongst themselves. The
Chairman of CSR Committee may be an Independent Director.

3.3. The Chairman of CSR Committee may be present at the Annual General Meeting to
answer shareholder queries, if any.

4. SECRETARY

Company Secretary shall act as Secretary to the CSR Committee.

5. MEETINGS

The CSR Committee shall meet at such intervals as the Committee may deem necessary.

6. QUORUM

At least two members of the Committee, one of whom shall be an Independent Director,
should be present to form a quorum.

7. CSR ACTIVITIES / AREAS TO BE COVERED

7.1 Over the years the Company or Group has been involved in a number of community
focused activities, in the areas of health, education and preservation of the countrys rich
culture and heritage. Continuing the tradition, it is recommended that the Company may
focus primarily on the following activities (hereinafter referred to as CSR activities):

a. Eradication of extreme hunger, poverty and malnutrition; and Provision of safe

drinking water;

b. Promotion of preventive and general health care, sanitation; reducing child

mortality and improving maternal health;

c. Combating malaria, leprosy and other diseases and providing rehabilitation to

people affected by leprosy, drug addicts, etc.;

d. Promotion of education, including special education and employment enhancing

vocation skills, especially among children, women, elderly and the differently-
enabled persons; and Promotion of livelihood enhancement projects.

e. Promotion of gender equality, empowering women; setting up of homes, hostel for

women and orphans; old age homes, day care centers and such other facilities for
senior citizens; and measures for reducing inequalities faced by socially and
economically backward groups.

f. Ensuring environmental sustainability; ecological balance; protection of flora and

fauna, animal welfare; agro forestry; conservation of natural resources; and
maintenance of quality of soil, air and water.
g. Protection of national heritage, art and culture, including restoration of buildings
and sites of historical importance and works of art; setting up public libraries; and
promotion and development of traditional arts and handicrafts.

h. Measures for the benefit of armed force veterans, war widows and their dependents

i. Training to promote rural sports, nationally recognized sports, Paralympics sports

and Olympic Sports.

j. Contributions to the Prime Ministers National Relief Fund; or any other fund set
up by the Central Government for socio economic development and relief and
welfare of SC/ ST/OBC, minorities and women.

k. Contributions or funds provided to technology incubators located within academic

institutions which are approved by the Central Government.

l. Contributing to rural development projects; and

m. Such other activities and projects as may be covered in Schedule VII to the
Companies Act 2013 from time to time.

7.2 Activities or projects that benefit only the employees of the company and their families
shall not be considered as CSR activities

8. IMPLEMENTATION CSR ACTIVITIES

The CSR activities shall be undertaken by the Company -

a. Either directly or through a registered trust or a registered society or a company

under Section 8 of the Companies Act 2013 established by the Company or its
holding company or subsidiary company.

b. Through trusts, societies or companies not established by the company or its

holding company or subsidiary company having established tract record of three
years in undertaking similar activities or programs or projects.

c. In the event of the Company undertaking its CSR activities through the entities
mentioned in (b) above, the Company should specify the activities or project or the
programme, the modalities of utilization of funds and the monitoring and reporting
mechanism.
d. By collaborating with other entities in such manner that the collaborating
companies are able to report separately on the project or programme or activities in
accordance with the Companies (Corporate Social Responsibility Policy) Rules 2014.

e. By contributing to eligible projects/funds

9. EXPENDITURE

9.1 The Company shall endeavour to spend, in every financial year at least two per cent (2%)
of the average net profits of the Company made during the three (3) immediately preceding
financial years for CSR Activities.

For this purpose of "average net profit", profit shall be calculated in accordance with Section
198 of the Companies Act 2013, after deducting (a) the dividends received from companies
in India which are covered under and complying with the provisions of Section 135 of the
Companies Act 2013 and (b) income from foreign activities of the Company.

9.2 In the event of there being no profit calculated in the manner specified in para 9.1 above
in any financial year, the Company is not obliged to spend any money on CSR activities in
that financial year.

9.3 The Company will give preference to the local area(s) in and around our offices in India.

9.4 The Company may use their own personnel in executing the CSR activities and also
effectively monitoring it. Any payment to be made to such personnel shall not exceed 5% of
total CSR expenditure of the company in one financial year.

10. MONITORING PROCESS

10.1. The CFO / Company Secretary shall submit a Report to the CSR Committee on half
yearly basis about the CSR activities undertaken by the Company, the amount spent in
respect thereof and the proposal for spending the balance CSR expenditure, if any, to be
incurred for complying with the requirements of the Companies Act 2013 and the Rules.

10.2 10.2 The CSR Committee shall review the Report submitted by the CFO/Company
Secretary and take such steps as may be necessary for proper implementation of the CSR
activities as approved by the Committee.
10.3 The CSR Committee shall report to the Board of Directors on the status of compliance
of CSR policy by the Company.

11. CSR REPORTING

11.1 Boards Report shall include an Annual Report on CSR containing particulars as
specified in the Companies Act 2013 and the rules relating to it.

11.2 If no amount is spent on CSR Activities, the reason for not spending two per cent (2%)
of the average net profit shall be reported in the Boards Report.

12. REVIEW OF CSR POLICY

The CSR Policy will be reviewed by the CSR Committee / Board to update the policy based
on the regulatory changes from time to time
TVS MOTOR COMPANY

CORPORATE SOCIAL RESPONSIBILITY POLICY The policy lays down the guidelines
and mechanism for undertaking socially useful programs for welfare & sustainable
development of the community at large along with the Companys philosophy for setting
down its responsibility as a corporate citizen is titled as the T V SUNDRAM IYENGAR &
SONS PRIVATE LIMITED (The Company) - CSR Policy.

PREAMBLE

The concept of Corporate Social Responsibility has gained prominence from all avenues.
Organizations have realized that Government alone will not be able to get success in its
endeavour to uplift the under privileged part of the society. . It is the continuing commitment
by business to behave ethically and contribute to economic development of the society at
large and building capacity for sustainable livelihoods.

This policy shall apply to all CSR initiatives and activities taken up by the Company for the
benefit of different segments of the society, specifically the deprived and underprivileged.

T V Sundram Iyengar & Sons Private Limited has been carrying out corporate social
responsibility activities for decades and serving the community they operate in.

OBJECTIVE / GOALS

This CSR policy aims the following objectives / goals:

To make CSR a key business process for sustainable development for the SocietyTo directly
or indirectly take up programmes that benefit the communities in vicinity wherever the
Company operates and results, over a period of time, in enhancing the quality of life &
economic wellbeing of the local populace.

CSR POLICY

The Company aims at spending a defined portion of its net profit for the betterment of Indian
society through:
Providing financial and other assistance to students for basic and higher education who
belong to socially economical weaker sections. Supporting efforts for community health,
providing healthcare and medical facilities in slums and areas inhabited by weaker sections.
Supporting efforts for providing drinking water and sanitation facilities at schools, colleges
etc. Taking proactive measures for the well-being of society, as per needs.

PLANNING & IMPLEMENTATION

Identification of Thrust Areas and Strategic Initiatives:

For purposes of focusing Companys CSR efforts in a continued and effective manner, the
following four Thrust Areas have been identified:

Healthcare and Medical facility Education and Literacy Enhancement Drinking water and
Sanitation Contribution to the Prime Ministers National Relief Fund.

The Company will contribute for above thrust areas by itself or through specialized agencies
or trusts or societies etc.

Constitution of CSR Committee

The members of the committee are as follows:

Sri Suresh Krishna

Sri Viji

Sri Venu Srinivasan and

Sri R Dinesh

Monitoring and Reporting

To ensure effective implementation of the CSR programmes undertaken by specialized

agencies, a monitoring mechanism has been put in place by the CSR Committee. The
progress of CSR programmes under implementation will be reported to the Board of
Directors by the CSR Committee on periodic basis. The CSR Committee will conduct impact
studies on a periodic basis as may be required, especially on the strategic and high value
programmes.
CSR initiatives of the Company will also be reported in the Annual Report of the Company.
It also will be hosted in the website of the Company. General In case of any doubt with
regard to any provision of the policy and also in respect of matters not covered herein, a
reference to be made to the CSR Committee of the Company. In all such matters, the
interpretation and decision of the CSR Committee shall be final.

Any or all provisions of the CSR Policy would be subject to revision/amendment in

accordance with the guidelines on the subject as may be issued from Government, from time
to time. The Company reserves the right to modify, cancel, add, or amend any of these Rules.

Determination of allocable amount

The CSR Committee will determine the amount to be allocated for each activity on yearly
basis, subject to minimum 2% of average net profits before tax for three immediately
preceding financial years as prescribed under the Companies Act, 2013 and rules there under.

The surplus arising out of the CSR projects or programmes or activities shall not form part of
the business profit of the Company.

Reporting

In compliance with the provisions of the Companies Act 2013, the Board shall act on the
principle of COREX i.e. comply or explain. Thus it is duty of the Board to ensure that
compliance as per the policy has been made.

Communication & information dissemination

This CSR policy of the company will be disseminated wherever required.