CSR

Applicability:

Corporate Social Responsibility Policy (“CSR Policy”) lays down the Company’s philosophy / Guidelines for evolving, implementing, monitoring and funding CSR activities in compliance with the applicable provisions of Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 including any modifications, amendments made thereunder.

The purpose of this policy to actively contribute to the social and economic development of the communities in which we operate

CSR Activities:

GK’s CSR activities shall lay emphasis on the following areas, with preference being given to the local areas where the Company operates.

Description of Activities

1.Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water.

2.Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects.

3.Promotion of Road Safety awareness in all facets of road usage, vehicle drivers’ safety and training.

4.Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up 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.

5.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.

6.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.

7.Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports.

8.Measures for the benefit of armed forces veterans, war widows and their dependents.

9.Contribution to the Prime Minister’s National Relief 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.

10.Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government.

11.Rural development projects.

12.Establishment and running of Training Centers to impart Training on the usage of Farm Equipments to Farmers, Service Technicians etc.,

13.Any other activity as may be prescribed by the Central Government for CSR Activities from time to time.

CSR Committee:

Composition:

The Corporate Social Responsibility Committee shall consist of minimum of Two Directors.

Meetings:

The Committee shall hold meeting as and when required, to implement and monitor the CSR Policy of the Company.

Role of CSR Committee:

1.To formulate and recommend to the Board, a CSR Policy, which shall include the activitiesspecified in the Schedule VII of the Companies Act 2013.

2.To identify the areas for implementing the CSR activities of the Company.

3.To recommend the amount of expenditure to be incurred on each CSR activities in a financial year.

4.To monitor the Corporate Social Responsibility Policy of the company from time to time.

5.To do any other acts, deeds and things those are incidental and necessary, for theimplementation of the CSR policy.

CSCSR Expenditure:

TCSR Committee will recommend to the Board, the amount of CSR spending in each financial year.

The Board of Directors will decide the amount of spending in each year for CSR activities based on the recommendation made by the CSR Committee. CSR expenditure includes all expenditureincludingcontribution to corpus for projects or programs related to CSR activity.

Implementation:

To implement the Company’s CSR Programmes through the Company itself or through external implementing agencies or through L. S. Gohil Foundation and other Trust and /or Section 8 companies that may be established by the Company from time to time and also through other Trusts, Foundations, etc. in which case the Company will specify the CSR Programmes/Activities that may be undertaken by those Trusts, Foundations, etc.

The focus areas that have merged are Education, Skill Development, Health care, Infrastructure development and Sustainable livelihood.

Monitoring:

The administration of CSR Policy and the activities undertaken shall be carried out and monitored under the overall supervision and guidance of the CSR Committee and/or the Management of the Company.

Delegation:

CSR committee may constitute working groups consisting of company employees and delegate toany of its powers, responsibilities to any such working groups or officers of the company. The committee may also involve external agencies, NGOs, Trusts or any other entity for properimplementation of CSR policy. But the final authority and responsibility for CSR activities shallremain with CSR committee.

Amendment of policy:

This policy may be amended, altered or modified by the CSR Committee if deemed necessarysubject to the approval/ ratification by Board of Directors.