Chargebee Technologies Private Limited (the "Company") recognizes the importance of Corporate Social Responsibility ("CSR") as a means to contribute to the economic, environmental, and social well-being of the community. This CSR Policy outlines the Company's commitment to comply with Section 135 of the Companies Act, 2013, the Companies (Corporate Social Responsibility Policy) Rules, 2014, and other associated rules as amended from time to time (collectively, the "Act").
This policy:
Sets out the Company's CSR focus areas.
Establishes processes and governance for effective implementation of CSR initiatives.
Provides guidance for identification, execution and monitoring the CSR projects.
Describes the treatment of surpluses from CSR activities.
Establishes compliance with legal requirements.
This policy applies to the Company and is applicable to all projects and programs undertaken as part of CSR activities and shall fulfil all the requirements of Section 135 of the Act.
The Company has selected four main CSR areas of focus:
Education: Promoting education, which may include special education and employment enhancing skills (education assistance through scholarships for meritorious but needy children in high schools and colleges)
Emergencies and Natural Calamities: Providing relief, support, rehabilitation, etc. in case of natural calamities or emergencies.
Environmental Sustainability: Promoting renewable energy, water conservation, and waste management projects.
Women's Empowerment: Supporting initiatives for gender equality, vocational training, and women's self-reliance.
In addition to some or all of the above, the Company may also focus on any other area as may be specified in Schedule VII of the Act, as approved by the CSR Committee and the Board of Directors (the "Board").
The Board shall:
The Company has established a CSR Committee in line with Section 135 of the Act. The CSR Committee consists of the following Board members:
The CSR Committee shall be responsible for:
The CSR Committee is supported by the CSR Team, which is comprised of employees from various internal functions. The CSR Team shall work under the guidance of CSR Committee and will be mainly responsible for:
The CSR Committee will determine the total budget for the CSR projects in each financial year in accordance with applicable provisions of the Act and the CSR rules. The CSR Committee shall propose to distribute the budget among the focus areas or such of them as the CSR Committee may deem fit in each financial year, in such proportion and in a manner that meets the objectives of the CSR Policy.
The Company will endeavour to contribute and spend at least 2% of its average net profits made during the three immediately preceding financial years or such amount as may be recommended by the CSR Committee from time to time.
If, for any reason, the CSR Team is not able to follow the allocation agreed on in any of the focus areas described above, the allocation shall be used in such other focus areas as the CSR team may recommend with the reasons therefore, and the CSR Committee may approve.
The Company will undertake CSR activities either on its own or in partnership with not-for-profit, registered trusts, societies, or other body corporates in line with the Schedule VII of the Act. The Company may collaborate with other organisations to implement CSR projects.
The CSR Team will monitor the implementation and progress of the approved projects through appropriate mechanisms including but not limited to site visits, review meetings, and progress reports. The CSR Team will establish mechanisms to track data and monitor projects to ensure the transparency and efficiency of the implementation process. The projects will be evaluated against the milestones defined in the project implementation plan.
The CSR Committee, based on reports presented by the CSR Team, will, each year, publish an annual report on the CSR projects as a part of the Director's report. The report will include information in the format as prescribed by Section 135 of the Act, including the composition of the CSR Committee, the CSR Policy and projects approved by the Board, and details of CSR activities, including expenditure. The CSR Committee shall also submit a responsibility statement to the Board that the implementation and monitoring of the CSR Policy is in compliance with the approved CSR Policy.
The CSR Policy shall be displayed on the Company website and updated as appropriate.
The surplus arising out of the CSR activities will not be considered part of the Company's profits and shall be re-invested in CSR projects or transferred to a fund specified in Schedule VII of the Act.
This Policy will be periodically reviewed and updated as appropriate to reflect changes in applicable laws, rules or Company objectives. Updates shall be approved by the Board.
This CSR Policy was amended and approved by the Board in its meeting held on 3 June 2025. It shall remain in force until modified or rescinded by the Board.