Social Responsibility

Corporate Philosophy
Airox Corporate Social Responsibility Policy (the “CSR Policy”) is framed in accordance with the provisions of Section 135 of Companies Act, 2013 (the “Act”) read with Companies (Corporate Social Responsibility Policy) Rules, 2014 (the “CSR Rules”) by the Board of Directors (the “Board”) of Airox Technologies Private Limited (the “Company”) on the recommendations of Corporate Social Responsibility Committee (the “CSR Committee”) constituted by the Board in accordance with the provisions of the Act.

The terms not referred to herein and not defined anywhere in this Policy shall have the meaning ascribed thereto in the Act read with the CSR Rules, as amended from time to time. In the event of any inconsistency between the definition in this Policy and Act and the CSR Rules, the definitions as given in the Act and the CSR Rules shall prevail.

Mode of Implementation
The Company would work through its CSR arm Airox Foundation or any other entity set up in accordance with requirement of the Companies Act 2013 in close collaboration with communities, like minded agencies and govt. for its education, vocational skills, preventive health, livelihood, rural development programs or may other programs that may come up in future upon suggestion from the CSR committee.

CSR Budget
Our CSR spent will be in accordance with the provisions of the Act and the CSR Rules. The CSR Committee, in consultation with the Airox Foundation and/or other agencies will propose the Annual Action Plan together with planned spent on the CSR Activities for consideration and approval of the Board of Directors. The annual action plan and/or the planned spent may be altered by the Board on the recommendations of the CSR Committee.

CSR Expenditure
CSR Expenditure will include all expenditure incurred in accordance with the Annual Action Plan including any other activity aligned with areas or subjects specified in Schedule VII of the Act. Expenses on general management and administration of CSR function may be incurred by the Company in accordance with the CSR Rules. Any surplus arising from CSR activities shall not be considered as part of the business profit of the Company and shall be ploughed back for CSR activities. Excess amount, if any incurred over the minimum required spent for the year in terms of the provisions of the Act and CSR Rules may be carried forward for set off against spend in the succeeding years in accordance with the CSR Rules. Unspent amount, if any relating to ‘Ongoing Project’ or otherwise shall be dealt with in accordance with the CSR Rules.

Mode of Implementation
The CSR Committee in consultation with Airox Foundation and/or other agencies will identify, formulate and recommend the CSR programs and projects from among the areas or subjects specified in Schedule VII of the Act. The said programs and projects will be approved by the Board of Directors of the Company.

Our CSR programs and projects will focus on the following objectives :

• Create quality learning environment that enables children to acquire skills, analytical thinking, values and realize their talent.
• Setting up, installation, supporting the generation, supply of oxygen generators, plants, infrastructure in hospitals, medical institutions, health care and sectors.
• Create a strong foundation for mainstream education through foundational, digital literacy and English skills to enable higher education and employment.
• Promote wellbeing of elderly, abandoned and marginalized population
• Promote environmental sustainability, public health and hygiene.
• Protect, preserve and promote national art, heritage and culture.

The Board of Directors may from time to time approve any CSR program or project as ‘Ongoing Project’ and allocate or re-allocate the funds for such projects in accordance with the CSR Rules.