1. Name, Scope and Applicability
FINOVATEX TECHNOLOGIES PRIVATE LIMITED is a company incorporated under the Companies Act, 2013, with its registered office at Unit No-508, Tower-b, Bhutani Alphathum, Sec-90, Nepz Post Office, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201305.
The Company operates in the financial technology sector and provides digital platforms, technology-enabled services and operational support that may assist financial access, customer communication, digital documentation and allied financial-service processes.
This Corporate Social Responsibility Policy has been formulated with reference to Section 135 of the Companies Act, 2013, Schedule VII and the applicable Corporate Social Responsibility Rules, as amended from time to time. Statutory CSR obligations shall apply to the Company when the prescribed thresholds and legal requirements become applicable.
2. Vision and Objectives
The Company seeks to act as a responsible corporate citizen and contribute meaningfully to social, environmental and economic development.
Through its CSR approach, the Company aims to support initiatives that create sustainable value for communities, promote inclusive growth, improve access to knowledge and technology, and align with national development priorities.
The Company may prioritize activities that connect with its values of transparency, responsible digital services, financial awareness and community-oriented growth.
3. Policy Approval and Amendment
This CSR Policy may be approved by the Board of Directors of the Company, as applicable. The Board may amend, modify, replace or update this Policy when required to maintain alignment with applicable laws, rules, regulatory guidelines, business needs or the Company’s CSR objectives.
Where a CSR Committee is required under applicable law, such committee may assist the Board in recommending CSR activities, budgets, implementation methods and monitoring processes.
4. CSR Focus Areas
In line with Schedule VII of the Companies Act, 2013, the Company may undertake CSR initiatives in areas including, but not limited to:
- promotion of education, skill development and digital literacy;
- financial awareness and responsible digital-service education;
- healthcare, sanitation and preventive healthcare;
- women empowerment, gender equality and livelihood support;
- environmental sustainability, conservation and resource protection;
- rural development, community upliftment and social welfare;
- disaster relief, rehabilitation and emergency response;
- research and development in socially beneficial areas;
- any other activity permitted under Schedule VII of the Companies Act, 2013.
The selection of CSR projects shall be guided by relevance, expected impact, statutory eligibility, implementation feasibility and alignment with the Company’s CSR vision.
5. Governance Structure
The Board of Directors, assisted by the CSR Committee where applicable, shall provide strategic direction and oversight for CSR activities.
The governance structure may include approval of CSR plans, allocation of budgets, selection of eligible projects, appointment of implementing agencies, review of progress, evaluation of outcomes and ensuring statutory compliance.
CSR decisions should be made in a transparent, accountable and documented manner.
6. Implementation Framework
CSR initiatives may be implemented directly by the Company or through eligible implementing agencies in accordance with applicable legal provisions.
Where required, the Company may prepare an annual CSR plan outlining:
- identified projects and programs;
- estimated budgets and funding allocation;
- implementation timelines;
- roles and responsibilities;
- monitoring and evaluation mechanisms.
The Company shall endeavor to ensure that CSR activities are implemented with transparency, accountability and reasonable assessment of social impact.
7. Monitoring and Reporting
The progress, utilization of funds and outcomes of CSR initiatives shall be reviewed periodically to ensure that activities are implemented effectively and in line with approved objectives.
Where applicable, details of CSR initiatives, expenditure and outcomes shall be disclosed in the Company’s statutory reports, annual report and required filings, including Form CSR-2 or other filings prescribed under law.
The Company may maintain records of project approvals, implementation updates, fund utilization and impact information to support monitoring and compliance.
8. Policy Review
This CSR Policy may be reviewed periodically by the Board and updated when necessary to reflect changes in statutory requirements, business environment, CSR strategy, stakeholder expectations or implementation experience.
If any provision of this Policy conflicts with applicable law, the applicable law shall prevail to the extent of the inconsistency.
9. Contact Information
For queries or information relating to this CSR Policy, FINOVATEX TECHNOLOGIES PRIVATE LIMITED may be contacted at services@finovatexlending.com.