CSR POLICY

MIMS LTD

1.0 Objective

MIMS Ltd., (hereinafter described as “the Company”) since its inception has seen itself as a corporate citizen responsible to the society.

In order to carry out the charitable activities in a structured manner and to streamline and provide more focus and direction to the activities undertaken by the Company in its sphere, it is decided to formulate a policy on Corporate Social Responsibility (hereinafter described as “the Policy”). This policy has been prepared in line with the requirements of the Companies Act, 2013 (hereinafter described as “the Act”).

2.0 Applicability

This policy will apply to the organisation as a whole, including all hospitals both present and future

3.0 Compliance to Section 135 of the Companies Act, 2013

Section 135 of the Companies Act, 2013 (hereinafter described as “Section 135”) and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter described as “the rules”) lays down the guidelines to be followed by companies incorporated under the Act while developing their CSR programme.

Section 135 and the rules are applicable to the Company by virtue of crossing a turnover of rupees one thousand crore and a net profit of rupees five crore during a financial year.

4.0 CSR Committee.

In order to effectively carry out CSR activities, monitor the expenditure spend, Board of Directors shall constitute a committee known as CSR Committee. The prime responsibilities of the Committee involves overseeing the following:

(a) Formulate and recommend to the Board, a Corporate Social Responsibility Policy (CSR Policy) which shall indicate the activities to be undertaken by the company as specified in Schedule VII of the act.

(b) Monitor the Corporate Social Responsibility Policy of the company from time to time.

(c) Recommend the amount of expenditure to be incurred on the activities referred to in clause (a) above.

(d) Institute a transparent monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company.

5.0 The CSR Budget

The amount of expenditure to be spent for CSR and the projects, programmes or activities undertaken in each financial year will be recommended by the CSR Committee of the Company and the same will be approved by the Board of Directors with or without modification in their first meeting held in each financial year. If in any financial year the Company couldn’t spend the budgeted amount due to any reason whatsoever, the unutilized amount will be carried forward and added to the budget of the next financial year. Board of Directors shall ensure to earmark and spend minimum required expenditure on CSR activities as required under the provisions of Companies Act, 2013 as amended from time to time.

6.0 Territory for CSR spend

The Company shall endeavor to give preference to the local area and areas around the hospitals, clinics, pharmacies and other offices of Company or its subsidiaries or associates are situated.

7.0 Areas of activities to be undertaken.

The activities shall be executed directly or through registered and accredited trust, section 8 Company, society or NGO or in collaboration with other companies.

Company shall endeavor to expend the amount earmarked for CSR expenditure in any of the activities related to:-.

I. eradicating hunger, poverty and malnutrition, promoting healthcare 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 centers 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 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 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 Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled 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 Government;

X. Rural development projects.

XI. Slum area development.

(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.)

8.0 Annual Report on CSR Activities

Every Board report prepared by the Board of Directors from the financial year FY 15 shall include an annual report on CSR activities undertaken by the Company on a yearly basis including the details as required to be disclosed under the Companies (Corporate Social Responsibility) Rules, 2014.