Terms of Reference of Corporate Social Responsibility and Environment, Social and Governance Committee (CSR and ESG Committee)

The brief description of the terms of reference of the CSR and ESG Committee are:

1. formulating and recommending the CSR Policy to the Board in compliance with applicable provisions of Companies Act, 2013;
2. recommending annual action plan and the CSR Activities (as defined under the CSR Policy) to be undertaken as per the applicable provisions of Companies Act, 2013;
3. recommending to the Board the CSR Expenditure (as defined under the CSR Policy), to be incurred as per the applicable provisions of Companies Act, 2013;
4. periodic monitoring of the implementation of the CSR Policy and annual action plan;
5. reporting to the Board on the progress of the various CSR Activities (as defined under the CSR Policy) on a regular basis;
6. recommending to the Board, modifications to the CSR policy or annual action plan, as and when required;
7. reviewing and monitoring the ESG related Goal(s) set, the initiatives to achieve said Goals and the measurement of the Key Performance Indicators on a periodic basis;
8. suggesting improvements, enhancements or changes in the Goals so set or the initiatives to achieve said Goals for better performance; and
9. to carry out any other function as is mandated by the Board from time to time and / or enforced by any statutory notification, amendment or modifications as may be applicable