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Policy

Corporate Social Responsibility (CSR) Policy

PRASA INFOCOM & POWER SOLUTIONS PRIVATE LIMITED
CIN: U51909PN1994PTC080071

CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY

1. Preamble and Legal Framework

This Corporate Social Responsibility (“CSR”) Policy has been framed by the Board of Directors (“Board”) of Prasa Infocom & Power Solutions Private Limited (“the Company”) in compliance with Section 135 of the Companies Act, 2013, read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time.

This Policy is disclosed on the Company’s website as mandated under Rule 9 of the Companies (Corporate Social Responsibility Policy) Rules, 2014.

2. Applicability

The Company meets the threshold criteria prescribed under Section 135(1) of the Companies Act, 2013 during the relevant financial year, and CSR provisions are accordingly applicable to the Company.

3. CSR Committee

As per the second proviso to Section 135(9) of the Companies Act, 2013, where the amount to be spent by a company on CSR does not exceed Rs. 50,00,000 (Rupees Fifty Lakh), the constitution of a CSR Committee is not mandatory, and the functions of such Committee are discharged by the Board of Directors of the Company.

Accordingly, constitution of a separate CSR Committee is not applicable to the Company, and all functions relating to CSR under the Act, including approval of the CSR Policy, approval of CSR projects, and monitoring of CSR spending, are discharged directly by the Board.

4. CSR Focus Areas

Pursuant to Schedule VII of the Companies Act, 2013, the Company’s CSR activities are undertaken in the following areas:

  • Contribution to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) [Schedule VII, Item (viii)].
  • Rural development projects [Schedule VII, Item (x)].
  • Promoting education, including special education, among children [Schedule VII, Item (ii)].

Exclusions:

The following activities shall be excluded from the CSR expenditure of PIPSPL:

a) Activities which are exclusively for the benefit of employees of the company or their family members;
b) Activities undertaken in pursuance of the normal course of business of the Company;
c) Direct or indirect contribution to political parties;
d) Expenditure on item/s not in conformity with Schedule VII of the Companies Act 2013;
e) Surplus arising out of CSR projects shall not form part of the business profits of the Company; instead, the same will be further used for CSR purposes only.

5. CSR Amount Spent

The total CSR amount spent during the financial year is equal to the CSR amount required to be spent by the Company under Section 135(5) of the Companies Act, 2013. Accordingly, there is no unspent CSR amount, and no transfer to the Unspent CSR Account under Section 135(6) or to a Fund specified in Schedule VII under Section 135(5) is required.

6. Implementation

Subject to the provisions of the Companies Act, 2013 as applicable from time to time, the Company may carry out its CSR activities:
(a) Either by itself; OR
(b) Through such Implementing Agencies permitted under the Companies Act, 2013; OR
(c) In collaboration with other Companies.

Currently company is implementing its CSR Policy by itself.

7. Monitoring

The Board is responsible for monitoring the implementation of CSR projects undertaken by the Company and ensuring that the CSR amount is spent in accordance with the approved CSR Policy.

8. Amendment

The Board reserves the right to review and amend this Policy from time to time to ensure continued compliance with the Companies Act, 2013 and the rules framed thereunder.

Approved by the Board of Directors on 07.10.2026

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