CSR Policy

1. INTRODUCTION

Simpex Overseas Private Limited is engaged in the recycling and processing of ferrous and non-ferrous metal scrap, contributing to resource conservation and sustainable industrial development. As a responsible corporate citizen, the Company is committed to conducting its business in an environmentally responsible, socially inclusive, and ethically sound manner.

This CSR Policy is framed in accordance with the provisions of Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014, as amended from time to time.

2. CSR Philosophy: 

Simpex Overseas believes that sustainable growth is achieved by balancing economic progress with environmental stewardship and social
responsibility. Our core business of metal recycling itself supports the circular economy by reducing dependence on natural resources and
minimizing environmental impact. Through our CSR initiatives, we aim to create long-term positive impact on communities, employees, and the
environment.

3. CSR policy: Governance structure and approach

3.1. Governance

  1. Every year, the CSR Committee will place for the Board’s approval, a CSR Plan delineating the CSR Programmes to be carried out during the financial year and the specified budgets thereof. The Board will consider and approve the CSR Plan with any modification that may be deemed necessary.
  2. The CSR Committee will assign the task of implementation of the CSR Plan within specified budgets and time frames to such persons or bodies as it may deem fit.
  3. The persons/bodies to which the implementation is assigned will carry out such CSR Programmes as determined within the specified budgets and timeframes and report back to the CSR Committee on the progress thereon at such frequency as the CSR Committee may direct.
  4. The CSR Committee shall review the implementation of the CSR Programmes once a quarter and issue necessary directions from time to time to ensure orderly and efficient execution of the CSR Programmes in accordance with this Policy.
  5. Once every six months the CSR Committee will provide a status update to the Board of Directors on the progress of implementation of the approved CSR Programmes carried out during the six month period.
  6. At the end of every financial year, the CSR will submit its complete report to the Board regarding the carrying out of CSR activities during the year.

  3.2. Board of Directors:

In line with the provisions of Section 135 of the Act, Simpex’s Board of Directors will be responsible for the following: 

  • Constitute a CSR committee and approve the CSR policy;
  • Approve the CSR action plan and budget as proposed by the CSR committee in accordance with Schedule VII of the Companies Act, 2013.

3.3. CSR committee

Roles and powers of the CSR committee: 

  • Formulate CSR policy and seek approval from the Board of Directors of the company. Review the policy on a yearly basis.
  • Formulate and share the CSR action plan with budget for the year with the Board of Directors and seek approval. Implement the activities either through the Implementation Partner or directly through its own team.
  • Spend the allocated amount on CSR activities once approved by the Board of Directors and create a transparent monitoring mechanism of CSR initiatives.
  • Submit periodic reports to the Board for the activities undertaken.

4. CSR Activities

As per Schedule VII of Companies Act, 2013, activities undertaken included by company in our Corporate Social Responsibility Policies are:—

(A) Environmental Sustainability 

  • Promotion of recycling, waste management, and circular economy practices.
  • Conservation of natural resources, including energy and water.
  • Pollution reduction, and climate-positive initiatives.

(B) Health, Safety, and Well-Being

  • Occupational health and safety initiatives for workers.
  • Support for preventive healthcare, sanitation, and hygiene.
  • Access to clean drinking water and basic health facilities.

(C) Skill development

  • Skill development particularly in industrial and technical fields.

5. Monitoring and Reporting

• CSR projects shall be monitored periodically to assess progress and impact.
• Appropriate documentation and reporting mechanisms shall be maintained to ensure tansparency and accountability.
• CSR disclosures, if applicable, shall be made in accordance with statutory requirements.

6. Ethics and compliance

Simpex Overseas Private Limited is committed to conducting csr activities with the highest standard of ethics, integrity and transparency. All
initiatives shall comply with applicable laws, regulations, and internal governance standards.

9.Commitment

Simpex Overseas Private Limited remains dedicated to contbuting positively to society and the environment reinforcing its role as a responsible
recycling company and a trusted partner in sustainable development.