NECTAR BIOPHARMA PRIVATE LIMITED

CIN: U24100MH2015PTC314118

Corporate Social Responsibility (CSR) Policy

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1. PREAMBLE
Section 135 of Companies Act, 2013 (hereinafter referred as ‘Act’) mandates every company
having a net worth of Rs. 500 Crore or more or revenue of Rs. 1,000 Crore or more or net
profit of Rs. 5 Crore or more shall constitute a Corporate Social Responsibility (CSR)
Committee and the CSR Committee is responsible for formulating Company’s CSR policy and
monitoring the CSR programs and their performance. It is the Company's philosophy, firm
belief and intent to effectively implement CSR and make a positive difference to society. It
recognizes that it cannot do it all; so that if there are choices to be made, bias will be
towards doing fewer projects with better outcomes and good impact and will focus
initiatives on communities in which the Company lives, operates and particularly forming
community whose development is the basic mission of the Company.

2. CSR POLICY
This Policy shall be read in line with Act, Companies (Corporate Social Responsibility Policy)
Rules, 2014 (hereinafter referred as ‘Rules’) and such other rules, regulations, circulars, and
notifications (collectively referred hereinafter as 'Regulations') as may be applicable and as
amended from time to time. Nectar Biopharma Private Limited (hereinafter referred as ‘the

Company’) believes that the actions of the organization and its community are highly inter-
dependent. Through constant and collaborative interactions with our external stakeholders,

the Company strives to become an asset in the communities. As our CSR we actively
implement Projects and initiatives for the betterment of society, communities, and the
environment.

3. SCOPE AND APPLICABILITY
This policy shall be applicable to all CSR initiatives and activities undertaken by the Company
either directly or through other corporate foundations/ trusts/ other charitable
organizations for the benefit of different segments of the society.

4. OBJECTIVE OF CSR POLICY
The objective of this policy is to do continuously and consistently:
• Initiate projects that benefit communities;
• Encourage an increased commitment from employees towards CSR activities and
volunteering.
• Generate goodwill in communities where the company operates or are likely to operate;

5. RESOURCES

The CSR Committee is responsible to formulate and recommend to the Board the CSR Policy
indicating the activities falling within the purview of Schedule VII to the Act, to be
undertaken by the Company.
Functions of the CSR Committee: The CSR committee shall function within following areas:
(a) formulate and recommend to the Board, a Corporate Social Responsibility Policy which
shall indicate the activities to be undertaken by the company 5

[in areas or subject,

specified in Schedule VII];
(b) recommend the amount of expenditure to be incurred on the activities referred to in
clause (a); and
(c) monitor the Corporate Social Responsibility Policy of the company from time to time.
The Contents of this policy shall be disclosed in the Board report and placed on the
Company’s website, if any. Compliance will be reported to stakeholders through the
Company’s Annual Report. The Board shall ensure spending of allocated amount on CSR
activities and report the status in its annual report, also specify the reasons of non spending
of the allocated amount, if any.
The members of the CSR committee shall be appointed or removed by the Board of
Directors by way of Resolution. Company Secretary, if any, shall be the Secretary of the CSR
Committee. The minutes of CSR committee meetings shall be placed before the Board
meeting.

6. FUNDING AND ALLOCATION
For achieving the CSR objectives through implementation of meaningful and sustainable CSR
Projects, the CSR Committee will allocate for its Annual CSR Budget, 2% or more of the
average net profits of the Company made during the three immediately preceding financial
years, calculated in accordance with the Section 198 of the Act read with the Rules. The
annual allocations shall be credited to the company’s CSR fund” and the unutilized amounts,
if any, in any financial year shall be carried forward to the next financial year.
The Company may spend on building CSR capabilities. The Company may also make regular
contributions to Corporate Foundations/ Trusts/ other charitable organizations (NGO’s) for
projects/ activities approved by the Board. The CSR Committee will approve the CSR budget
annually on receiving the recommendations from CSR Committee.

Any income or surplus arising out of the CSR Projects or Programs or activities shall not form
part of the business profit of the Company and will be credited to the CSR fund of the
company.

7. VOLUNTEERING OF EMPLOYEES FROM THE ORGANIZATION
The Company will encourage and recognize its employees for volunteering with the spirit of
serving and sharing with the community. The Company shall endeavor to increase employee
participation at all levels in the Organization, by encouraging employees to participate in the
Company’s CSR activities.

8. CSR THRUST AREAS
The Company has identified CSR Thrust Areas for undertaking CSR Projects/ programs/
activities in India. The actual distribution of the expenditure among these thrust areas will
depend upon the local needs as may be determined by the need identification studies or
discussions with local government/ Grampanchayat/ NGOs.
The CSR thrust areas are:
(i) Eradicating hunger, poverty and malnutrition, promoting health care including
preventive health care and sanitation including contribution to the Swach Bharat
Kosh set-up by the Central Government for the promotion of sanitation] and making
available safe drinking water.
(ii) Promoting education, including special education and employment enhancing
vocation skills especially among children, women, elderly and the differently abled
and livelihood enhancement projects.
(iii) Promoting gender equality, empowering women, setting up homes and hostels for
women and orphans; setting up old age homes, day care centres and such other
facilities for senior citizens and measures for reducing inequalities faced by socially
and economically backward groups.
(iv) ensuring environmental sustainability, ecological balance, protection of flora and
fauna, animal welfare, agro forestry, conservation of natural resources and
maintaining quality of soil, air and water including contribution to the Clean Ganga
Fund set-up by the Central Government for rejuvenation of river Ganga.
(v) protection of national heritage, art and culture including restoration of buildings and
sites of historical importance and works of art; setting up public libraries; promotion
and development of traditional art and handicrafts;
(vi) measures for the benefit of armed forces veterans, war widows and their
dependents;

(vii) training to promote rural sports, nationally recognised sports, Paralympic sports and
Olympic sports
(viii) contribution to the prime minister's national relief fund or any other fund set up by
the central govt. for socio economic development and relief and welfare of the
schedule caste, tribes, other backward classes, minorities and women;
(ix) Contributions or funds provided to technology incubators located within academic
institutions which are approved by the central govt.
(x) Rural development projects.
(xi) Slum area development.
Explanation.- For the purposes of this item, the term `slum area' shall mean any area
declared as such by the Central Government or any State Government or any other
competent authority under any law for the time being in force.]

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9. IMPLEMENTATION
 The CSR Committee shall provide guidance on the allocation of the CSR budget
among the thrust areas on an annual basis.
 CSR Projects will be undertaken based on the recommendation of the CSR
Committee to the best possible extent, within the defined Thrust Areas.
 The Company support to any project will depend on the scale of the project and
feasibility of the project. The CSR Committee will evaluate the project progress and
impact quarterly.

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10. MONITORING PROCESS OF CSR ACTIVITIES
To ensure effective implementation of the CSR activity, a monitoring mechanism will be put
in place by the CSR Committee. All donations will be cleared/ signed off by the Managing
Director.
All offices will submit project requests to members of committee and further necessary
route will be followed.
The CSR Committee will monitor and review on a periodical basis the progress of CSR
activities undertaken/ completed. All the CSR initiatives of the Company shall be reported in
Directors’ Report of the Company.
In order to ensure transparency and communication with all stakeholders, the CSR
Committee will document the details of the Company’s CSR initiatives and CSR expenditure
and ensure that the same are available in the public domain i.e. the Annual Report and
Website, if any, of the Company.

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11. CRITERIA FOR IDENTIFYING CSR PROJECTS
While identifying the projects all efforts must be made to the extent possible to define the
following:
a. Project objectives.
b. Baseline survey – It would give the basis on which the outcome of the Project would be
measured.
c. Implementation schedules- Timelines for milestones of the Project will need to be
prescribed.
d. Responsibilities and authorities.
e. Major results expected and measurable outcome.

12. CRITERIA FOR IDENTIFYING THIRD PARTY CSR ORGANIZATIONS
We may also undertake CSR activities through identified external agencies such as corporate
foundations/ trusts/ other charitable organizations (NGOs). In case of Project execution by
them the following minimum criteria need to be ensured:
• The NGO / Agency have a permanent office in India and having minimum 3 years
experience in said activities;
• The NGO is a registered society under Societies’ Registration Act / Public Trust Act/ not-for
profit company under Section 8 of the Act, (erstwhile Section 25 of the Companies Act,
1956);
• Possesses a valid Income-tax Exemption Certificate;
• The Company may also collaborate with other companies to undertake CSR Projects or
Programs, provided the CSR Committees of the respective companies are in a position to
report separately on such projects or programs.