KIMS Al Shifa Healthcare Private Limited (KAS) is a corporate entity committed to serve the people by providing hospitality services. Our strategic CSR initiatives are based on social and environmental consequences but at the same time due consideration is given to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations.

Main Objectives

CSR Policy of KAS is framed around our ethical business practices and values we have woven over a period of time. Like our business which is strongly dependent on customer satisfaction, we have created our framework of CSR activities around people with humanity and person centric approach. We aim to address social, environmental and economic needs of the marginalized/underprivileged sections of the society. Through this policy, we align our CSR strategy with the company’s vision and goals. We adopt an approach that integrates solutions to problems to benefit the communities at large and create social and environmental impact.

Applicability

The Policy shall be applicable to all CSR activities of the company whether carried by it or through any implementation agency with effect from December 14, 2022.

CSR Key Focus Areas

KAS’s approach towards social responsibility and sustainability would be on the following key areas and the detailed activities are listed in Annexure A:

1. Healthcare including preventive & community healthcare
2. Safe Drinking Water/Sanitation
3. Education& Livelihood Enhancement
4. Gender Equality/Women Empowerment
5. Environment
6. Sports
7. Rural Development
8. Disaster Management

Governance & Management

The Company is not required to constitute CSR Committee as per the provision of the Sub-Section (9) of Section 135 of the Companies Act, 2013. CSR activities of the Company will be governed by the Board of Directors. The Board will recommend the Annual Business Plan for CSR. CSR activities shall be those mentioned under key focus areas or other activities as per Schedule VII of the Companies Act, 2013. Once CSR committee became applicable as per Section 135(1) of the Companies Act, 2013, the Company shall constitute CSR Committee.

The CSR Committee will do a quarterly review of the activities and monitor achievements against targets set at the beginning of the year followed by reporting to the Board from time to time.

The operational responsibility of the CSR program resides with the Company’s Senior Management and the CSR lead.

The level of responsibilities are as follows:

1. Board of Directors
   1. Constitution of the CSR Committee
   2. Approval of the CSR Policy considering recommendations of CSR Committee
   3. Ensure that the activities as included in CSR Policy are undertaken by the Company
   4. Support the CSR Policy implementation
2. CSR Committee
   1. Formulation and recommendation to the Board the CSR Policy
   2. Recommendation of CSR activities/ programs to be undertaken by the Company under the policy including selection/ appointment of implementation agencies
   3. Ascertaining location of CSR activities
   4. Approval and review of the Annual Budget thereon
   5. Monitoring the execution and adherence to the CSR Policy and annual plans on a continuous basis
   6. Implement a transparent monitoring mechanism for implementation of the CSR projects/ activities undertaken by the company
   7. To carry such other functions as may be delegated by the Board related to CSR activities from time to time
3. Senior Management
   1. Propose the annual budgets (long term and short term);
   2. Report to CSR Committee the spends as per the approved schedule
   3. Create CSR reports to be presented to the Board
4. CSR Lead
   1. Formulate and propose the strategy for Corporate Social Responsibility activities as per the company’s philosophy (in alignment with statute) and otherwise
   2. Design and propose CSR Programs
   3. Ensure execution of Corporate Social Responsibility projects/programs as per the approved plan
   4. Identify, build and leverage external partnerships towards common objectives in the arena of CSR
   5. Liaison with eligible agencies for smooth implementation of initiatives
   6. Supervise and manage the CSR teams and inter‐dependencies in the area of CSR
   7. Reporting progress to the CSR Committee
   8. Create project application and reporting formats
   9. Create visibility of the policy and implemented initiatives

Reporting & Disclosures

• Composition of the CSR Committee shall be disclosed in the Board Report
• The Board Report shall include an annual report on CSR activities in prescribed format as per Companies Act 2013 containing specific details
• The Corporate Social Responsibility (CSR) Policy shall be displayed on the company’s website.
• A comprehensive annual CSR Report detailing the initiatives with relevant annexures and photographs along with account statement shall be created and communicated for internal company records.

CSR Activities in Partnership

The company may undertake programs in collaboration with other companies only in cases where such programs are separately reportable in the CSR report of participating companies.

CSR Expenditure

The Administrative overheads shall not exceed Five percent of total CSR expenditure of the Company for the Financial Year.

Any amount that remains unspent on ongoing projects will be transferred to a separate account as per Rules.

Surplus arising out of CSR

Surplus arising out of any CSR project or program or activities shall not form part of the business profit of the company, and can be utilized as permitted under the Rules.

Amendment of the Policy

The CSR policy of the company may be amended at any time by the board of the company on the recommendation of the CSR committee.