A. Introduction.

The Advanced Vital Enzyems Private Limited (“The Company/Advenza”) is engaged in the research and delivery of enzyme based Finished Formulations for Human & Animal Nutrition. Advenza has adopted a business model where it develops & produces high-quality enzyme supplements and collaborating with Nutrition & Consumer Healthcare Companies globally to facilitate their entry into the market through private Labelling.

The vision to form advenza was shaped by our group founder, late Shri Laxminarayan Rathi. He was a pioneer and a visionary, who set-up India’s first enzyme plant way back in 1958, and is hailed as the father of the enzyme industry in India. We firmly believe that ”Enzyme is Life”. We have realized that enzymes are vital to any life form and naturally to humans. This scientifically supported belief has translated into an opportunity for us to serve the people of India and the World by bringing various benefits of enzymes to the masses through partnership with Nutrition & Consumer Healthcare companies. With over decades of experience in enzyme manufacturing, Advenza is well-positioned to accomplish this mission. The company remains committed to providing unique, innovative, and quality enzyme solutions to its clientele.

B. The Regulatory Framework of CSR Policy.

Section 135 of the Companies Act, 2013 read with the rules (viz. Companies (Corporate Social Responsibility Policy) Rules, 2014) framed thereunder, (including any statutory modifications, amendments thereto or re-enactment thereof, the circulars, notifications, regulations, rules, guidelines, if any, issued by the Government of India) (“Act”) and Schedule VII of the Act provides framework for the companies to define the key thrust areas in CSR domain. The Company’s CSR Policy would pertain to all CSR activities undertaken/to be undertaken by the Company within the contours of the Act.

C. Objective and Philosophy.

The Company’s CSR Policy aims to promote and contribute towards social activities and to undertake its business in an economically, socially & environmentally sustainable manner which enhances the quality of life of its stakeholders. It reflects the belief of the Company to Strive towards encouraging education and health and eradication of malnutrition, poor sanitation and ensure availability of safe drinking water to people residing in rural areas.

Aligned with its objectives, principles, and values, the Company has articulated this CSR Policy to outline its role as a socially and environmentally responsible corporate entity. This involves establishing a governance and monitoring framework to ensure the effectiveness of the CSR Policy. The overarching objective of the Company is to make substantial contributions to India’s socio-economic development actively. The Company is guided by the belief that meaningful growth and development occur when opportunities are extended to a broader spectrum of people, ultimately benefiting society at large. The company is dedicated to identifying crucial areas necessitating investment and intervention to unlock India’s potential for sustained growth and development.

D. Definition and Interpretation.

• “Act” means the Companies Act, 2013
• “Administrative overheads” shall have the meaning assigned to it under the Act;
• “Board” means Board of Directors of the Company;
• “CSR Activities” means such programs and projects as may be approved by the Board in terms of this CSR Policy.
• “CSR Committee” means CSR Committee of the Board;
• “CSR Policy” means CSR Policy of Advanced Vital Enzymes Private Limited.
• “CSR Rules” means the Companies (Corporate Social Responsibility Policy) Rules, 2014 as amended from time to time.
• “Implementing Agency” means any entity registered with Ministry of Corporate Affairs for undertaking CSR projects, which is engaged by the company to implement various projects in pursuance of CSR Policy.

Any term used in this policy but not defined herein shall have the same meaning assigned to them under the Act and CSR Rules as applicable to the company.

E. Activities under Corporate Social Responsibility

Advenza is dedicated to embodying its corporate values by committing to sustainable growth that aligns with social and environmental responsibility, all while prioritizing the interests of its stakeholders. The Company’s CSR activities within the ambit of the Act includes the following (“CSR Activities”):

1. Hunger, Poverty, Malnutrition & Health: Promoting healthcare including preventive health care practices, sanitation, providing safe drinking water and eradicating hunger, poverty, malnutrition;
2. Education: Undertaking actions towards different areas of education including special education, employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects;
3. Gender Equality & Women Empowerment: Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
4. Environmental Sustainability: Conservation of natural resources, Ensuring environmental sustainability, protection of flora and fauna, animal welfare, ecological balance, agroforestry and maintaining quality of soil, air and water, contribution to the Clean Ganga Fund setup by the Central Government for rejuvenation of river Ganga;
5. National Heritage: Protection and restoration of national heritage, art and culture, setting up public libraries and promotion & development of traditional art & handicrafts;
6. Sports: Encouraging and promotion of rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
7. Rural Development Projects: Contribution for the development of rural areas to improve the livelihood of the people, skill development for rural youth, better facilities of sanitation & provision of safe drinking water;
8. Support to Indian Armed Forces: Contribution and support for the benefit of armed forces veterans, war widows and their dependents;

F. Responsibility of Governing Body.

1. The Board and/or the CSR Committee (as applicable under the Act), (“Governing Body”) holds the responsibility of defining the scope of CSR Activities for the Company and ensuring adherence to the CSR Policy. The composition of the Governing Body will include a minimum number of Directors as stipulated by the Act.
2. The Governing Body is vested with the following functions and powers:
   • Formulate and/or recommend, a CSR policy which shall indicate the activities to be undertaken by the Company in areas or subject specified in Schedule VII;
   • Review and recommend annual action plan of the Company.
   • To recommend the amount of expenditure to be incurred on the activities referred to in clause (a).
   • To monitor the CSR Policy as approved by the Board from time to time.
3. The Governing Body should recommend and approach direction of CSR activities to be undertaken by the Company and also provide Guiding principles for selection and Implementation of CSR projects/ programmes / activities.
4. The Governing Body shall meet at least once in every financial year.

G. Identification & Implementation  

1. The Company will identify suitable programs for implementation in line with the CSR Policy of the Company. The approved projects / activities will be implemented by either directly and/or through any Governmental bodies / Semi-Government or local bodies / Trusts / NGOs / Any other institutions or centers as prescribed under the Act.
2. The time period / duration of each project / programme / activity shall depend on its nature, extent, of coverage and intended impact of such activity;
3. The investment in CSR shall be project based and for every project time period, periodic milestones shall be finalized by the Board and/or CSR committee from time to time.

H. Annual Action Plan.

The Board and/or CSR Committee shall formulate and recommend to the Board, an annual action plan which shall include the following:

1. The list of CSR projects or programmes that are approved and to be undertaken by the company;
2. The manner of execution of such projects or programmes;
3. The modalities of utilisation of funds and implementation schedules for the projects or programmes;
4. Monitoring and reporting mechanism for the projects or programmes; and
5. Details of need and impact assessment, if any, for the projects undertaken by the company.

The Board of Directors are empowered to alter the annual action plan during the financial year, based on the reasonable justification for such change.

I. CSR Spending.

The company shall endeavor to achieve the objectives of CSR Policy and allocate every year:

1. Minimum 2% of its average net profits made during the three immediately preceding financial years
2. Any income or surplus arising out of the CSR activities, projects or programs shall not form part of the business profit of the company and the same shall be ploughed back for use in CSR activities

All the expenditure relating to CSR shall be pre-approved by the Governing Body. Unspent CSR amount, if any, shall be transferred to separate account in accordance with the applicable CSR Rules from time to time.

J. Monitoring.

The Board will ensure the effective implementation and monitoring of the CSR projects/ programmes / activity and CSR expenditure from time to time. The Board shall review the progress of CSR Activities periodically including the annual review and submit report in the annual report of the Company. The Board shall ensure a transparent monitoring system for CSR Activities.

The Board and/ or committee constituted shall be fully responsible for the monitoring and review of the implementation of this policy in accordance with applicable laws from time to time. Further, the Board of Directors may revise/ amend this CSR Policy or to bring the same in line with the guidelines or amendments issued from time to time by Government on the subject.

K. Information dissemination.

CSR Policy and activities undertaken shall be disseminated on website for public access and shall be published in the Annual Report of the company in the format prescribed under the Act and CSR Rules.

L. General

1. In case of any doubt with regard to the provision of the CSR policy and also in respect of matters not covered herein, a reference to be made to Chairman of the Governing Body. In all such matters, the interpretation, administration & decision of the Chairman shall be final and binding.
2. Any or all provisions of the CSR Policy would be subject to revision/amendment in accordance with the guidelines on the subject as may be issued from Government from time to time.
3. The Governing Body reserves the right to modify, cancel, add or amend any of the above mentioned in accordance with the Act & rules applicable from time to time.