1. Objective

Mulamoottil Financiers Limited (MFL of Company) is registered with the Reserve Bank of India (RBI) as a Non-Systemically Important Non-Deposit Accepting Non-Banking Financial Company and we are socially active, and responsible to the society within which we operate from. The Corporate Social Responsibility concept in India is governed by Section 135 of the Companies Act, 2013 (‘Act’), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014 wherein the criteria has been provided for assessing the CSR eligibility of a company, Implementation and Reporting of their CSR Policies. India having the most elaborated CSR mechanism and implementation strategy has started its journey to set a benchmark in attaining sustainability goals and stakeholder activism in nation building. The purpose of this Policy document is to elucidate Mulamoottil Financiers Limited’s fundamental principles of social responsibility, delineate the domains, and highlight the initiatives undertaken by Mulamoottil Financiers Limited (“MFL”) to make a positive impact on society through its Corporate Social Responsibility (“CSR”) endeavors, while also establishing the governance and monitoring structure to ensure the Policy's effectiveness.

2. CSR Vision

To consistently contribute to nationwide social betterment by identifying and supporting growth in underprivileged areas, thereby making a lasting positive impact on communities.

3. CSR Mission

Mulamoottil Financiers Limited (MFL) is committed to collaborating with communities in the vicinity of its operations, or as specifically identified, to foster mutual co-existence under five key thrust areas: (i) Education, (ii) Health and Sanitation, (iii) Livelihood and Skill Building, (iv) Water, and (v) Financial Inclusivity. Our mission is to instigate meaningful change where it's most needed – among India's underprivileged – and to embody our values through a comprehensive social initiative aimed at promoting social inclusion.

4. Corporate Social Responsibility Policy

MFL aims at conducting its business in a way that the Company achieves its business goals and objectives with a due consideration of community’s economic, environmental and social aspirations. Financial independence of individuals can bring happiness to them and their families. We are only happy to help people in achieving that independence. Therefore, many of our Corporate Social Responsibility (CSR) schemes are designed around this thought. The scope of the CSR activities of the Company will cover the following areas but is not limited to the same and may extend to other specific projects/ programs as permitted under the law from time to time:-

• Free eye consultation, checkup and distribution of spectacles for those in need, Promoting preventive and general health care, sanitation and provision of safe drinking water;
• Promoting education by providing financial assistance to deserving educational institutions, meritorious and needy students, including special education and employment
• enhancing vocation skills, especially among children, women, elderly and the differently abled; promoting livelihood enhancement projects and road safety projects with special emphasis on driver training programmes;
• Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care Centre and such other facilities for senior citizens.
• Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water;
• Protection of national heritage, art and culture, including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;
• Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
• Contributing to rural development projects; and
• Such other activities and projects covered in Schedule VII to the Companies Act, 2013 from time to time.

5. CSR Expenditure:

The Company shall endeavor to spend, in every financial year at least 2% of the average net profits of the Company made during the 3 immediately preceding financial years for CSR Policy.

For this purpose, "average net profit" shall be calculated in accordance with provisions of Section 198 of the Companies Act, 2013, after deducting therefrom the dividends that may be received from companies in India which are covered under and complying with the provisions of Sec 135 of the Companies Act 2013.

The Company will give preference to the local area(s) in and around our offices in India.

The Company may use the CSR capacities of their own personnel in executing the CSR activities and also effectively monitoring the same but such CSR expenditure shall not exceed 5% of total CSR expenditure of the company in one financial year.

6. Surplus arising out of CSR:

Surplus arising out of any CSR project or program or activities shall not form part of the business profit of the company.

7. Amendment of policy:

The Board of Directors can amend its policy as and when required deemed fit. Any or all provisions of CSR Policy would be subjected to revision/ amendment in accordance with the regulations on the subject as may be issued from relevant statutory authorities, from time to time.

8. Reporting:

The Annual Report of MFLL shall include an annual report on CSR activities on the format annexed to rules framed under Section 135, which shall include, the details of the CSR initiatives taken by MFL during the year and If the company fails to spend the CSR amount as prescribed by Companies Act, 2013, the reason for not spending the required amount.

9. Monitoring Process:

Progress and CSR initiatives will be reviewed and monitored by the Board of MFL periodically.

10. Amendment of policy

The CSR policy of the company may be amended at any time by the board of the company on the recommendation of the Board of the company.