OVERVIEW

As a corporate entity, SuperFleet Mobility recognizes the broad impact of its business operations on society. Hence, it prioritizes effective practices that consider the interests of stakeholders like shareholders, customers, employees, suppliers, business partners, local communities, and other organizations. The company’s vision is to actively contribute to the social and economic development of the communities it serves.

CSR POLICY & INITIATE OF THE COMPANY

To achieve the aforementioned goal, SuperFleet Mobility has established and revised its Corporate Social Responsibility (CSR) Policy effective from January 25, 2021. This policy aims to streamline and conduct CSR activities directly or through the “Aashirwad Trust,” established in 2016 by the company’s promoters. The trust, an irrevocable public charitable trust, is dedicated to initiating actions for the advancement and betterment of society, benefiting individuals across diverse communities regardless of caste, creed, or religion.

IMPLEMENTATION

1) In accordance with Schedule VII of the Act and the CSR Rules, SuperFleet Mobility will engage in CSR activities outlined in its CSR Plan, as recommended by the CSR Committee at the start of each fiscal year. The committee is empowered to endorse modifications to the current CSR Plan or suggest new initiatives during the ongoing financial year.

2) SuperFleet Mobility may engage in collaborative efforts with other companies to undertake projects or programs, including CSR activities, allowing respective CSR committees to independently report on such initiatives in compliance with regulations. Additionally, SuperFleet Mobility may partner with group companies or affiliates, subject to CSR committee consultation, to identify, conduct due diligence, and contribute to CSR projects. In such collaborations, a group company or affiliate may interact with Implementation Agencies on behalf of SuperFleet Mobility, following approval by the CSR Committee.

3) The Board will authorize the Implementation Group to conclude, approve, and execute necessary agreements, deeds, confirmations, or other documents with any party, including Implementing Agencies, under the Common Seal of the Company or otherwise, for the implementation of the CSR Policy. The Implementation Group may also accept modifications, changes, and amendments to such documents as deemed appropriate.

4) Any queries, discrepancies, or interpretations arising from the implementation of the CSR Policy or related initiatives by the Company will be addressed by the CSR Committee for input. The final decision, determination, or interpretation will be made by the Board.

5) If the Company fails to meet the minimum CSR Expenditure requirement of 2% of the average Net Profits made during the three immediately preceding financial years, the Implementation Group must provide detailed reasons for this failure to the CSR Committee and the Board. Subsequently, the Board will incorporate this explanation in the annual report of the board of directors.

OBJECTIVES & CSR ACTIVITIES

Superfleet Mobility Company is committed to fostering a robust corporate culture that prioritizes the integration of CSR values with business objectives. Our vision is to actively contribute to the social and economic development of the communities we serve, thereby promoting a better and sustainable way of life for the underprivileged sections of society and enhancing the country’s human development index. In line with the provisions of Schedule VII of the Companies Act, 2013, our CSR activities will focus on:

Education Promotion: Including special education and vocational skill enhancement programs for children, women, elderly, and differently-abled individuals.

Technological Support: Providing technology assistance to economically disadvantaged students.

Driver Training: Offering behavioral training and development programs for unskilled or unemployed youth.

Gender Equality Promotion: Empowering women through initiatives such as distributing sewing machines for income generation and employment opportunities.

Healthcare Promotion: Organizing health camps, awareness programs, COVID relief efforts, and support for healthcare initiatives.

Support for NGOs: Donations to NGOs and participation in crowdfunding campaigns for societal betterment.

Aid Distribution: Providing essential items to marginalized communities.

Poverty Alleviation: Working towards eradicating hunger, poverty, and malnutrition, and promoting preventive healthcare and sanitation.

MONITORING & REVIEWING

The CSR Committee will annually review the CSR policy and propose any necessary amendments to the Board of Directors based on the Annual CSR Plan.

Moreover, the Committee will assess the amount spent and unspent balance at the conclusion of each half-year and implement measures to ensure alignment with the Annual Plan.

GENERAL

For any uncertainties or clarifications concerning any aspect of the CSR Policy or matters not addressed herein, the Committee should be consulted. The interpretation and decisions made by the Committee in such instances will be deemed final.

Additionally, the Company’s Board may, in accordance with applicable regulations, modify or amend the CSR Policy at any time to ensure compliance with the statutory requirement to conduct CSR Activities.

ANNUAL REPORTING

The Company’s annual Board report, starting from April 1st of each financial year, must incorporate a CSR report detailing the particulars mandated by the Companies Act, 2013 and its associated regulations.