1. Preamble: At Global Ispaat Private Limited (‘GIPL’), we believe that business growth must go hand-in-hand with social progress and environmental sustainability. Guided by our core values of “Greener – Stronger – Better”, we are committed to integrating social, environmental, and ethical responsibilities into our governance and business practices.This CSR Policy outlines our vision, focus areas, implementation framework, and monitoring mechanisms, in alignment with the provisions of the Companies Act, 2013.

2. Purpose:  In compliance with the legal framework on corporate social responsibility contained in Section 135 and Schedule VII of the Companies Act, 2013 (“Act”) along with Companies (Corporate Social Responsibility Policy) Rules 2014 (“Rules), this Policy establishes a consistent Corporate Social Responsibility (CSR) framework for GIPL. The key purposes of this policy are to:

• Identify broad areas in which CSR projects will be undertaken
• Serve as a guide in defining, executing, monitoring and reporting all CSR projects
• Governance Structure, Implementation strategy & Review mechanism
• To align our CSR efforts with Schedule VII of the Companies Act, 2013.
• To build meaningful partnerships with communities, NGOs, and government
• Institutions for impactful CSR delivery.

3. Focus Areas: GIPL will focus on CSR activities under the following heads:

Education & Skill Development

• Supporting education for underprivileged children.
• Establishing skill development centres, especially for youth in rural and semi-urban areas.
• Promoting digital literacy and vocational training.

Environment Sustainability

• Promoting renewable energy, energy efficiency, and sustainable practices.
• Afforestation and water conservation projects.
• Waste reduction, recycling, and awareness campaigns aligned with Magna’s eco-friendly steel initiatives.

Healthcare & Sanitation

• Organizing health camps in rural and industrial belt areas.
• Supporting maternal and child health programmes.
• Building toilets and sanitation facilities in schools and rural areas.

Rural Development

• Infrastructure development in villages (roads, lighting, drinking water).
• Supporting livelihood generation projects for marginalized communities.

4. CSR Committee: Board of Directors shall constitute a CSR Committee as per Section 135 of the Act. The Committee shall:

• Formulate and recommend the CSR Policy to the Board.
• Recommend CSR projects and budget allocations.
• Monitor the implementation of CSR activities.
• Submit periodic reports to the Board.

The Board’s CSR Committee shall delegate auxiliary power to the CSR Working Committee (comprising of such members as may be nominated by the Board of Directors from time to time) for implementing the CSR Policy on its behalf. The CSR working committee will review and report activities, outcomes and impact of the initiatives on a periodic basis to the Committee/Board. This CSR policy document will be reviewed from time to time and any changes, if necessary, will be approved by the CSR Committee of the Board. Any surplus arising out of the CSR projects/ programs/ activities shall not form part of the business profit of a company.

5. Implementation, Review & Amendments: CSR initiatives may be implemented directly by the Company or through:

• A registered trust, society, or not-for-profit company established under Section 8 of the Act.
• Collaboration with other companies, provided separate reporting is ensured.
• Preference will be given to areas in and around the Company’s operations, while also supporting national causes.
• This CSR Policy shall be reviewed annually by the CSR Committee and recommended for modifications, if any, to the Board.
• Amendments may be made in line with changes in the Companies Act, 2013, CSR Rules, or business priorities.