Corporate Social Responsibility

Introduction

Corporate Social Responsibility (CSR) is the Company’s commitment to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical.

A.G Diagnostics Private Limited is committed to undertake CSR activities in accordance with the provisions of Section 135 of the Indian Companies Act, 2013 and related Rules.

A.G Diagnostics Private Limited commits itself to contribute to the society in ways possible for the organization and has set up its committed team, as a means for fulfilling this commitment.

AIMS & OBJECTIVES

To develop a long-term vision and strategy for A.G Diagnostics Private Limited CSR objectives.

Establish relevance of potential CSR activities to A.G Diagnostics Private Limited and create an overview of activities to be undertaken, in line with Schedule VII of the Companies Act, 2013.

A.G Diagnostics Private Limited shall promote CSR activities that are in line with Schedule VII of the Companies Act, 2013

RESPONSIBILITY FOR IMPLEMENTATION

The Board of Directors shall be responsible for the implementation/monitoring and review of this policy and various projects/activities undertaken under the policy. The CSR team shall submit periodical reports to the Board of directors.

CSR FUND

A.G Diagnostics Private Limited shall spend 2% of the average net profit during the preceding 3 financial years on CSR activities as enumerated above.

RESPONSIBILITY OF THE BOARD

Approve the CSR Policy and the CSR Expenditure after taking into consideration the provisions of the statute.

Ensure the CSR spending every financial year of at least 2% of average net profits made during immediately preceding 3 financial years, in pursuance with the Policy.

Ensure disclosure of the contents of the CSR Policy on A.G Diagnostics Private Limited on its website.
Preparation of annual report on the CSR in the prescribed format as per the Companies Act, 2013.

CSR EXPENDITURE

In every financial year, A.G Diagnostics Private Limited shall spend 2% of its average Net Profits in the immediately preceding three (3) financial years.

CSR Expenditure shall mean all expenditure incurred in respect of specific projects/programs relating to the approved CSR activities.

CSR Expenditure shall not include expenditure on an item not in conformity or not in line with activities which fall within the purview of the CSR activities listed in above.

The surplus arising out of the CSR activities or projects shall not form part of the business profit of A.G Diagnostics Private Limited .

CSR REPORTING

Board shall provide an annual report on the implementation and monitoring of the CSR Policy and that it is in compliance with CSR objectives of A.G Diagnostics Private Limited, which statement shall form part of the Boards’ Report.

A.G Diagnostics Private Limited shall display on its website the contents of its CSR Policy and other information as may be required to be displayed.

AMENDMENTS

The Policy may be reviewed and amended from time to time.

Approval :

This CSR policy was approved by the Board of A.G Diagnostics Private Limited in its meeting held on 27th October 2021.