CSR

CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

CANIXA LIFE SCIENCES PRIVATE LIMITED

 1. Philosophy & Objective

Canixa Life Sciences Private Limited (the "Company") is committed to operating its business in a socially, economically, and environmentally sustainable manner. The primary objective of this Corporate Social Responsibility (CSR) Policy is to actively contribute to the inclusive growth and development of the community. The Company aims to integrate its core corporate values with social development objectives, ensuring a meaningful and lasting impact on society.

2. Core Focus Areas

While the Company may undertake any CSR activities listed under Schedule VII of the Companies Act, 2013, it shall place a special emphasis on Healthcare and Education:

A. Healthcare Initiatives:

    • Providing and promoting preventive healthcare, sanitation, and access to safe drinking water.
    • Organising medical camps, health awareness drives, and supporting healthcare infrastructure, particularly in rural or underprivileged urban areas.
    • Supporting programs aimed at eradicating hunger, poverty, and malnutrition.

B. Education Initiatives:

    • Promoting education, including special education and employment-enhancing vocational skills.
    • Supporting the development of school infrastructure, digital classrooms, and providing educational materials to children from disadvantaged sections of society.
    • Strengthening livelihood enhancement projects, especially targeting women, children, and underprivileged youth.

C. Other Activities: The Company may also support rural development, sports promotion, environmental sustainability, and other activities permitted under Schedule VII as approved by the Board from time to time.

 3. Implementation Mechanism

  1. Local Area Preference: The Company shall give preference to the local areas and regions around which it operates for carrying out its CSR programs.

 

  1. Modes of Execution: CSR activities will be implemented directly by the Company using its internal personnel. Alternatively, the Company may channel its execution through external implementing agencies (such as registered public trusts, societies, or Section 8 companies) that strictly meet the eligibility criteria defined under the Companies (CSR Policy) Rules, 2014.

4. Governance & Monitoring Framework

In alignment with the statutory provisions of Section 135 of the Companies Act, 2013, the governance model is structured as follows:

  1. Board-Led Management: The Board of Directors of the Company shall directly assume the responsibilities of implementing, executing, and monitoring the CSR activities.

 

  1. CSR Committee Formulation: In compliance with the Act, a separate CSR Committee shall be formed as and when required by law (i.e., if the annual statutory CSR spending obligation exceeds ₹50 Lakhs, or as otherwise mandated by any future legislative amendments). Until such a committee is mandatorily triggered, all statutory obligations, approvals, and powers of the CSR Committee shall be directly exercised by the Board of Directors.

 

  1. Responsibilities of the Board (or CSR Committee, when formed):
    1. Formulate and recommend an Annual Action Plan outlining the specific CSR programs, target locations, implementation schedules, and fund deployment timelines.
    2. Ensure that the allocated CSR funds are utilized strictly for the approved purposes.
    3. Review periodic progress reports on implemented projects to ensure orderly and efficient execution.
    4. Provide an annual CSR report in the mandated format within the Board’s Report at the end of each financial year.

5. CSR Expenditure & Corpus

  1. Budget Allocation: The Board shall ensure that the Company spends, in every financial year, at least 2% of its average net profits made during the immediately preceding three financial years, calculated strictly in accordance with Section 198 of the Companies Act, 2013.

 

  1. Surplus Treatment: Any surplus or income arising out of the CSR projects or activities shall not form part of the business profits of the Company. Such surplus shall be ploughed back into the same CSR project or transferred to the Unspent CSR Account and spent in pursuance of this CSR Policy and Annual Action Plan.

 

  1. Excess Spend: If the Company spends an amount higher than the mandatory 2% requirement, such excess amount may be set off against the mandatory CSR spending requirement in the succeeding financial years, subject to a Board resolution and statutory conditions.

 

 

6. Policy Review and Amendments

The Board of Directors may review, amend, or modify this policy at any time to keep it aligned with evolving regulatory frameworks, statutory updates to the Companies Act, 2013, or shifting organizational goals.

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