Arohan Annual Report FY 20-21

ANNEXURE - II 1. Brief outline on CSR Policy of the Company. Arohan Financial Services Limited (hereinafter referred to as Arohan) believes that a business enti- ty’s performance must be measured by its economic, social and environmental impact and efforts to embed sustainability. Social enterprises are more than any other business enterprise, capable of addressing these concerns and Arohan aspires to transcend business interests and work toward the all-round human development of the communities we operate in through initiating and supporting programmes that enhance social sustainability. Arohan already serves people from economically and socially marginalized communities where illiteracy, unemployment and under-employment are ram- pant. It is in this social context that our CSR initiatives are developed to best cater to our customers and their communities. Arohan would build on this connect with the marginalized sections of the society for furthering their welfare. These programmes are independent of the normal conduct of business and are not viewed as business propositions by Arohan. In alignment to Arohan’s mission to empower the underserved, we see Corporate Social Responsibility (hereinafter referred to as CSR) as an op- portunity to further extend help to the underserved in the larger community through the provision of non- profit based assistance. 2. Composition of CSR Committee: The CSR committee of the Board is responsible for overseeing the execution of the Company’s CSR Pol- icy. The CSR committee comprises one Independent Directors, two Nominee Directors and the Manag- ing Director as at the end of financial year 2021. Sl. No. Name of Director Designation/ Nature of Directorship Number of meetings of CSR Committee held during the year Number of meetings of CSR Committee attened during the year 1. Mr. Sumantra Banerjee Independent Director 2 2 2. Mr. Anurag Agarwal Nominee Director 2 2 3. Mr. Wilhelmus Marthinus Maria Van Der Beek Nominee Director 2 1 4. Mr Manoj Kumar Narayan Nambiar Managing Director 2 2 3. Web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company. The Composition of CSR Committee, CSR Policy and CSR project as approved by the Board are avail- able on our website, at https://www.arohan.in/resources/2020-07-03-10-28-47-CSR%20Policy.pdf 4. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014, if applicable (attach the report). There are no projects undertaken by the Company after the effective date of the aforementioned rules for financial year 2021. 5. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Compa - nies (Corporate Social Responsibility Policy) Rules, 2014 and amount required for set off for the financial year, if any. Nil Board of Director’s Report 95