Corporate Social Responsibility (CSR) Policy

Introduction

The concept of Corporate Social Responsibility (CSR) has been brought to the forefront by the Companies Act 2013 requiring companies to put in place a structured approach to the development of the Policy, Strategy, Amount of spend, Implementation and Monitoring, in respect of CSR activities.

Policy

Bounteous Digital Private Limited (previously known as Lister Technologies Private Limited) (the Company) is committed to creating sustainable value by supporting the community where it operates by addressing social and developmental needs and thereby enhancing the quality of life in the community.

CSR Committee

The Board will constitute a CSR Committee and vest the committee with duties and responsibilities as contemplated under the Companies Act, 2013, read with the applicable Rules. The Committee will report to the Board and such Committee may be reconstituted by the Board as deemed necessary.

In the absence of a duly constituted CSR Committee, the Board itself may act as the CSR Committee at any time.

Strategy

The Company would discharge its Corporate Social Responsibility by carefully selecting projects which support the community where it operates, including long term projects the spend for which may take place over the years, not exceeding 3 years.

The areas of focus will be education, health and medicare, rural development, employability enhancement, protection of national heritage, art, culture and such other activities including disaster recovery and rehabilitation which, in the opinion of CSR committee/Board are worthy of support and also be generally guided by activities indicated by Schedule VII to the Companies Act 2013 as amended.

Corporate Spend on CSR

The Company will endeavor to spend at least 2% of the average net profits (computed in accordance with the provisions of the Companies Act, 2013) made during the three immediately preceding financial years. The Company will give preference to the local area, where its work premises is situated in India. Where the project involves long gestation period, the CSR committee/Board may recommend budgetary amount for the full project and the estimated time taken to complete the project. However, the company shall monitor that the average spends over a three-year period would be at least 2% of the net profits as defined in the Companies Act 2013. The Company may use CSR capacities of its own personnel in executing and monitoring the CSR spend but the expenditure thereon shall not exceed 5% of the total CSR expenditure of the Company in one financial year.

Implementation and Monitoring

The CSR Committee/Board will implement the projects directly or through a registered trust or through a Society or through a Company established under Section 8 of the Act or any other authorised implementation agency, either on its own or in collaboration with other entities. The contribution to CSR and implementation of the activities would be monitored periodically by the Committee/Board. The CSR policy as recommended by the Committee/Board will be displayed in the Company’s website.