Privacy policy

This CSR Policy is established pursuant to Section 135 of the Companies Act, 2013, and the Companies (Corporate Social Responsibility Policy) Rules, 2014 (and amendments thereof), with the objective of outlining the framework for CSR initiatives to be undertaken by Aesthetic Living Merchants Pvt. Ltd. Exports in India. The Company reaffirms its commitment to promoting inclusive economic growth, social equity, and environmental sustainability through CSR activities aligned with Schedule VII of the Act.

Founded in 2006, Aesthetic Living Merchants Pvt. Ltd. has grown from a family-run enterprise to become. Renowned for ethical manufacturing, environmental responsibility, and a diverse product range, the Company holds a strong global presence and continues to pursue transformative growth with sustainability at its core. India's foremost exporter of home textiles and hardgoods

Any company falling within the prescribed thresholds is required to spend at least 2% of its average net profits (before tax) from the past three financial years on CSR activities that are listed in Schedule VII of the Act. The CSR obligations of the Company are governed by Section 135 of the Companies Act, 2013.

CSR Capacity Building: Expenditure on building internal CSR capabilities or those of implementing partners shall not exceed 5% of the total CSR outlay, subject to consultation with the CFO.

• Unspent funds for ongoing projects must be transferred to an "Unspent CSR Account" within 30 days of the end of the financial year.
• For non-ongoing projects, unutilized funds must be transferred to a Schedule VII-approved fund within 6 months.
• Any surplus arising out of CSR initiatives shall be reinvested in CSR activities and not form part of business profits.

Philosophy

CSR is an extension of our "Responsible for People" mission, guided by the belief that meaningful employment has a ripple effect on entire communities. Our CSR efforts aim to uplift the social and economic well-being of the regions we impact.

Vision

To Serve, Uplift, and Transform communities across our value chain, creating a sustainable and inclusive future.

Mission Focus Areas:

• Skill Development: Facilitate soft and technical training for long-term employability.
• Health: Promote better health and wellbeing among women, children, and marginalized groups.
• Education: Enhance literacy and numeracy among school-age children.
• Environmental Sustainability: Create and maintain healthy, eco-friendly environments.

Implementation Model

CSR initiatives may be executed:

• Directly by the Company
• Through registered implementation partners
• By contributions to eligible funds or agencies

Core Focus Areas:

1. Combat hunger, poverty, and malnutrition
2. Improve access to healthcare and sanitation
3. Promote education and gender equality
4. Support environmental conservation and cultural heritage
5. Facilitate skill training and sustainable livelihoods

CSR Committee Formation

The Company shall maintain a CSR Committee comprising four members. Invitees may attend meetings as required. The Committee shall report directly to the Board of Directors.

Roles & Responsibilities

Meeting Frequency

The CSR Committee shall meet at least twice annually. Meetings may be held physically or virtually, in accordance with the Companies Act, 2013. A quorum of minimum two members is required.

The Annual Action Plan will be formulated by the CSR Committee and approved by the Board. It will include:

• Geographically targeted CSR projects
• Project goals, timelines, and outcomes
• Budget estimates and projections
• Monitoring and reporting frequency
• Risk mitigation strategies

Collaboration

The Company may collaborate with other companies for joint CSR initiatives, with reporting to the Board as per CSR Rules.

Selection & Approval

Projects will be selected based on geographical need and need assessment survey.

Implementation & Monitoring

Half-yearly progress and financial utilization reports will be submitted by implementing partners, along with annual audited utilization certificates. The CFO shall certify fund

utilization to the Board. Corrective action will be taken for non-compliance with project milestones.

Impact assessments shall be conducted per statutory requirements:

• Conducted at least one-year post-completion by an independent agency.

The Company shall include a detailed CSR Report and Annual Action Plan in the Directors’ Report. Key disclosures include:

• Total CSR expenditure and activity details
• Web publication of the latest CSR Policy
• Links to any impact assessment reports
• Justification for any unspent funds

As per the Rules, the CSR Policy, details of CSR Committee members, and approved projects shall be published on the Company’s official website.

The CSR Committee shall periodically review this policy and recommend revisions to the Board for approval to ensure ongoing alignment with legal requirements and company goals.

For Aesthetic Living Merchants Pvt. Ltd.