Version No. 1.0 – Approved by the CSR Committee

Policy Statement:

At CROPSAFE PESTICIDES INDIA PRIVATE LIMITED, we acknowledge the profound impact businesses can have on society and the environment. Our commitment to Corporate Social Responsibility (CSR) is rooted in the belief that responsible business practices are integral to sustainable development. This policy outlines our dedication to integrating social and environmental concerns into our business operations and contributing positively to the communities in which we operate.

Company Overview:

CROPSAFE PESTICIDES INDIA PRIVATE LIMITED:

• Founded: 2019
• Vision: Empowering through basic drugs, phyto chemicals, plant extracts, pesticides and their intermediates
• Mission: Building the future of agricultural technology.
• Core Values:

1. Excellence: We strive for excellence in everything we do, delivering high-quality of drugs, phyto chemicals, plant extracts, pesticides and their intermediates to improve the quality of agriculture.
2. Integrity: We uphold the highest standards of integrity, honesty, and transparency in our interactions with farmers, staff, partners, and the wider community.
3. Empowerment: We believe in empowering individuals through education, providing the knowledge and skills necessary to navigate their academic and professional journeys successfully.
4. Inclusivity: We foster an inclusive and diverse learning environment that respects and values the unique perspectives and backgrounds of every individual.
5. Collaboration: We believe in the power of collaboration and work closely with students, educators, and partners to create a supportive educational ecosystem.
6. Respect: We treat everyone with respect, recognizing the inherent worth and dignity of each individual, fostering a culture of mutual understanding and cooperation.
7. Innovation: We embrace innovation, constantly adapting and leveraging new technologies and methodologies to enhance the learning experience for our farmers.
8. Social Responsibility: We are committed to being socially responsible, making a positive impact on the community, and contributing to the betterment of society through agricultural technology.

Company Philosophy:

At CROPSAFE PESTICIDES INDIA PRIVATE LIMITED, we uphold the principles of innovation, responsibility, and sustainability. Our commitment to CSR reflects in our focus on responsible, sustainable, and inclusive business practices. We recognize three priority areas crucial to our stakeholders and growth:

1. Strategic Excellence: Continuous improvement and innovation to address global agriculture challenges while ensuring the highest quality standards.
2. Systemic Improvement: Collaboration with stakeholders to enhance access to our agricultural technology and products, fostering positive agricultural outcomes.
3. Deliberative Environmental Safeguarding: Reducing environmental impact across the life cycle of our products and operations, from distribution to disposal.

CSR Objectives:

CROPSAFE PESTICIDES INDIA PRIVATE LIMITED’s CSR Policy aims to:

• Strive for economic development with a positive societal impact and minimal resource footprint.
• Embrace responsibility for the Company’s actions, promoting preventive education and environmental sustainability.

CSR Governance:

CSR Committee:

In compliance with CSR provisions, the CSR Committee comprises the following Directors:

1. AJIT PAL SINGH CHOUDHARY – Director
2. SUYASH BHARGAVA – Director
3. TYAN JAIN – Director

Functions of the CSR Committee:

The CSR Committee is responsible for:

• Identifying CSR projects in alignment with Schedule VII of the Companies Act.
• Formulating the CSR Policy, specifying execution modalities and implementation schedules.
• Recommending the annual CSR expenditure to the Board of Directors.
• Devising a transparent monitoring mechanism for tracking progress.
• Periodically reviewing and revising the CSR Policy.

Core CSR Areas:

Projects undertaken by CROPSAFE PESTICIDES INDIA PRIVATE LIMITED beyond the normal course of business fall within these core CSR areas:

1. Activities which may be included by companies in their Corporate Social Responsibility Policies Activities relating to:—

 (i) eradicating hunger, poverty and malnutrition, promoting health care including preventive health] and sanitation 3[Including contribution to the Swatch 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, agroforestry, conservation of natural resources and maintaining quality of soil, air and water 4[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 arts and handicrafts;

(vi) measures for the benefit of armed forces veterans, war widows and their dependents, 5[Central Armed Police Forces (CAPE) and Central Para Military Forces (CPMF) veterans, and their dependents including windows];

(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 6[Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) or] any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;

(ix) (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and  (b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)].

(x) rural development projects.]

(xi) slum are 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.]

(xii) disaster management, including relief, rehabilitation and reconstruction activities.]

Budget Allocation:

• Allocate a minimum of 2% of the average net profits of the preceding three financial years for CSR initiatives.
• Evaluate proposals from executing partners and allocate funds accordingly.
• Maintain a separate account for each CSR project, including administrative costs.

Monitoring Mechanism:

1. Implement effective monitoring mechanisms for each CSR project.
2. Report progress regularly to the CSR Committee.
3. Maintain appropriate documentation for each project.
4. Include CSR project details in the Annual Report.

CSR Project Approval for FY 2023-24:

Budget Calculation:

Therefore, for FY 2023-24, CROPSAFE PESTICIDES INDIA PRIVATE LIMITED should spend a minimum of Rs. 533,248/-.

Approved CSR Expenditure:

“RESOLVED THAT, hereby accorded to spend Rs. 533,248 Lacs for FY 2023-24 towards CSR activities recognized under Schedule VII of the Companies Act, 2013.

“RESOLVED FURTHER THAT, the CSR Committee is hereby authorized to recognize suitable projects as stipulated under Schedule VII of the Companies Act 2013. Mr. AJIT PAL SINGH CHOUDHARY, is authorized to spend the eligible CSR amount towards the recognized project, ensuring compliance with statutory provisions under the Companies Act 2013”.

Conclusion:

CROPSAFE PESTICIDES INDIA PRIVATE LIMITED is dedicated to making a meaningful contribution to society and the environment through its CSR initiatives. This policy outlines our objectives, governance structure, and focus areas, ensuring transparency, accountability, and a positive impact on the communities we serve.