CORPORATE SOCIAL RESPONSIBILITY (CSR) POLICY OF MSIL

Concept

Corporate Social Responsibility is strongly connected with the principles of Sustainability; an organization should make decisions based not only on financial factors, but also on the social and environmental consequences. Therefore, it is the core corporate responsibility of MSIL to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders.

Vision Statement

The core theme of the Company’s CSR policy is giving back to the society from which it draws its resources by extending helping hand to the needy and the underprivileged.

Corporate Social Responsibility is the commitment of business to contribute for sustainable economic development by working with the employees, local Community and society at large to improve their lives in ways that are good for business and development. It is the contribution of the corporate sector for philanthropic causes like education, health, water, environment and community welfare.

In alignment with vision of the company, through its CSR initiatives, will continue to enhance value creation in the society by actively contributing to the social and economic development of the communities, through its services, conduct & initiatives, so as to promote sustained growth of the society, in fulfilment of its role as a Socially Responsible Corporate, with environmental concern.

Objectives

The objectives of the CSR Policy of MSIL are to:

• Ensure an increased commitment at all levels in the organization, to operate its business in an economically, socially & environmentally sustainable manner, while recognizing the interests of all its stakeholders.
• To directly or indirectly take up programmes that benefit the communities over a period of time, in enhancing the quality of life & economic well-being of the local populace. The Company and the employees are to actively involve and participate in social welfare projects by voluntarily taking time off from work.

Business Principles

Our business principles prescribe that everyone at MSIL needs to follow the operational standards. It also supports our approach to governance, corporate social responsibility and continuous improvement.

Effective Date

This amended policy will come into force with effect from 12th September 2025.

CSR Committee

The Board of Directors of the Company shall constitute a Corporate Social Responsibility Committee (CSR Committee) of the Board consisting of three or more directors, out of which at least one shall be an Independent Director.

The Committee shall formulate and recommend to the Board the CSR Policy and any amendments thereof; recommend the amount of expenditure to be incurred; and be responsible for implementation and monitoring of CSR projects or programmes or activities of the Company.

The CSR Committee shall meet as and when deemed necessary. Quorum of meeting shall be one third of total strength or two directors, whichever is higher.

The CSR Committee may invite Executives, Advisors, representatives of Social Organizations, Auditors and others as it may consider necessary.

Activities and Implementation

The scope of this policy extends to activities under Schedule VII of the Companies Act, 2013, and includes all additional and allied matters as may be notified by competent authorities. The Company, upon recommendation of its CSR Committee and approval of the Board, may undertake activities listed in Schedule VII, such as:

• Eradicating hunger, poverty and malnutrition; promoting health care and sanitation; and making available safe drinking water.
• Promoting education, including special education and vocational skills; livelihood enhancement projects.
• Promoting gender equality, empowering women, setting up homes, hostels, old age homes, day care centres, and facilities for senior citizens and underprivileged groups.
• Ensuring environmental sustainability and conservation of natural resources.
• Protection of national heritage, art and culture, including restoration of historical sites and promotion of traditional art and handicrafts.
• Measures for benefit of armed forces veterans, war widows, dependents, CAPF and CPMF veterans.
• Training to promote rural, national, paralympic and olympic sports.
• Contribution to national relief and PM CARES funds or similar funds.
• Contribution to research, innovation, and development projects related to science, technology, engineering and medicine.
• Rural development, slum area development, and disaster management projects.

The Board shall ensure projects are related to the activities stated under Schedule VII and may collaborate with other companies or implementing agencies as permitted.

Quantum of Investment

The Company shall spend, in every financial year, at least 2% of the average net profits made during the three immediately preceding financial years. CSR expenditure shall include all expenditure relating to approved CSR projects or programmes but shall not include expenditure unrelated to Schedule VII activities.

CSR activities undertaken in India only shall be considered. Projects benefiting only employees and their families or involving political contributions shall not be considered CSR activities.

Surplus arising out of CSR projects shall not form part of business profit. If the Company fails to spend the prescribed amount, reasons shall be stated in the Directors’ Report.

Allied Matters

The Board’s Report shall include particulars of CSR activities and the Company shall display such particulars as required under applicable rules.

Amendments to the Policy

The Board of Directors, on its own or on recommendation of the CSR Committee, may amend this policy as deemed fit. All provisions shall be subject to revision or amendment in accordance with applicable statutory regulations from time to time.