Corporate Social
Responsibility Policy

Preamble

This Corporate Social Responsibility Policy ("CSR Policy") of CursorDrive has been framed in accordance with the provisions of:

• Section 135 of the Companies Act, 2013
• Companies (CSR Policy) Rules, 2014 — notified on 27th February 2014
• General Circular No. 21/2014 dated 18th June 2014 issued by the Ministry of Corporate Affairs (MCA), Government of India

The Policy sets out the Company's approach towards undertaking CSR activities and ensuring compliance with applicable statutory requirements.

Definitions

Unless the context otherwise requires, the following definitions apply:

• "Act" means the Companies Act, 2013
• "CSR" means Corporate Social Responsibility as defined under Section 135
• "CSR Activities" means activities as specified in Schedule VII of the Act
• "CSR Committee" means the committee constituted under Section 135 of the Act

Applicability

This Policy shall be applicable to CursorDrive upon meeting any one of the criteria prescribed under Section 135(1) of the Act:

CSR Objectives

The objectives of this CSR Policy are:

• To align business operations with social and environmental responsibilities
• To undertake initiatives that contribute to sustainable development
• To create measurable positive impact on society and communities

CSR Committee

If applicable, the Board shall constitute a CSR Committee as per Section 135 of the Act. The CSR Committee shall:

• Formulate and recommend the CSR Policy to the Board
• Recommend the amount of CSR expenditure for each financial year
• Monitor implementation of CSR projects and activities

CSR Expenditure

The Company shall:

• Spend at least 2% of the average net profits of the preceding three financial years on CSR activities (if applicable)
• Ensure compliance with provisions relating to unspent CSR amounts as per the Act

CSR expenditure shall not include:

• Activities undertaken in the normal course of business
• Activities benefiting only employees and their families
• Contributions to political parties

Implementation

CSR activities may be implemented through any of the following mechanisms:

Monitoring & Reporting

• The CSR Committee shall monitor CSR projects periodically
• The Board shall disclose CSR activities in its annual report as required under the Act
• Proper documentation and reporting mechanisms shall be maintained at all times

Amendments

The Board of Directors may amend this CSR Policy from time to time in accordance with applicable laws and regulations of India. Any amendments shall be disclosed as required under the Act.

Governing Law

This Policy shall be governed by and interpreted in accordance with the laws of India, including the Companies Act, 2013 and rules made thereunder.

Contact

For any queries or further information regarding this CSR Policy: