12/05/2021

To our stakeholders:

I am pleased to confirm that Baksh Capital Pte Ltd reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

Sincerely yours,

Birbal Singh Bajaj
Director

• Baksh Capital Pte Ltd key focus is on individuals, communities and the environment. There is clear evidence that our central measures include us as a collective to respect human rights while we recognize the moral imperative to operate with its principles. In this context, the respect for human rights also can be a tool to improve business performance and as example of our actions, we have the following data:

i. We have compliance with local and International Law, including Human rights principles;
ii. We ensure that our business operations are in compliance with these principles, which helps to avoid legal incidents in our global activities;
iii. As a general rule, establish and enforce a meaningful approach to human rights and limit their impact on the company
iv. We promote the rules of the Law by using the principles enunciated in the Universal Declaration of Human Rights It is worth considering that contracts enforced fairly, bribery and with corruption are less prevalent when all business entities have equal access to legal process and equal protection under law. Besides, avoiding human rights violations helps to maintain positive community relations and contributes to further stable and productive business environment;
v. We have specific goals in Human Rights area for the upcoming year, as: continue improving human well-being; increase development strategies to concentrate economic growth; human rights establish universally with legal guarantees to protect the freedom and equality of all individuals; human rights standards and obligations to put the government at the service of people to ensure that everyone benefits from growth and enjoys a life with dignity.

• As concrete actions to implement Human Rights policies, to reduce Human Rights risks and to respond to Human Rights violations we have:

i. We constantly raising awareness and encourage employees to know their Human Rights;
ii. We allocate responsibilities for the protection of Human Rights within our company;

• We have implemented system for periodic review of the Human Rights protection.
• We never had any incident of Human Rights violation involving our office as a defendant.

• Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.
i. We guide our operations in accordance with the Global Compact Principles and supporting the Millennium Development Goals.
ii. We follow the common practice of price competition to the market, comply with legislation and apply for the principles of ESG – environmental, social and corporate governance and Global Compact;
iii. We have informed all our employees about their rights, responsibilities and their compensation and benefits;
iv. We ensure our business partners and suppliers to adhere to labor principles;
v. Protect labor rights of employees and business partners employees leads to increase productivity. That is a general consensus that workers treated with dignity and respect are more likely to be productive.

• Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.
Baksh Capital has concrete actions to implement labor policies reduce labor risks and respond to labor violations complies with Global Compact principles, as:

i. We conduct group discussions with staff on labor rights and policies, including ensure health and safe conditions for all employees;
ii. We prevent discrimination of all kinds and ensure comparable pay for comparable work;
iii. We have allocation of responsibilities for the protection of labor rights within our company.

• We have implemented system for periodic review of the Labour related issues and protection labour rights.
• We never had any incident of violation of labour rights involving our office as a defendant.

Description of the relevance of environmental protection for the company
• Baksh Capital complies strictly with requirements and parameters required by national legislation.
• Baksh Capital applies the principles of ESG – environmental, social and corporate governance and Global Compact. We also develop internal programs for environmental improvement which includes processes mapping and analysis to improve our environmental quality.
• Our company develops environmental education activities focused on the workforce, supplies and clients.
• Baksh Capital performs internal actions to promote responsible consumption, disposal of solid waste and to reduce water and energy consumption.
• Baksh Capital have reduced the use of plastic cups and plastic bottles. We try to order only re-usable jars and use glass wares in the office premises.

• Our concrete actions to implement environmental policies, reduce environmental risks and respond to environmental incidents are:
• Initiatives and programmers to reduce waste materials, as recycling, and consumption of resources, as energy, water, electricity, paper and packaging.
• We conduct awareness programs among employees on environmental protection, which includes activities to improve the use of energy efficiency of products, services and processes.
• Development and diffusion of environmentally friendly technologies.
• We have a compliance system to manage our environmental system seeking to identify, monitor and control the company’s environmental performance and have allocation of responsibilities for environmental protection within our company.

Description of how the company monitor and evaluate environmental performance.
• The office monitors and evaluates performance of employees constantly and we never had any problem involving environment principles violation regarding Baksh Capital as a defendant.
• Furthermore, we follow the environmental law in all kinds and we take for granted our contribution to the world regarding Global Compact principles. We also have a periodic review of results by our CEO and our compliance department to avoid these environmental problems

Assessment, policy and goals
Description of the relevance of anti-corruption for the company
• Baksh Capital strictly adhere to zero‐tolerance for corruption, bribery and extortion.
• We support the UN Convention against Corruption dishonest and fraudulent activities.
• The company has a protocol to guide staff in situations where they are confronted with extortion or bribery.
• Baksh Capital ensure that our business partners and suppliers adhere to the anti‐corruption principles.
• In the relationship with authorities and tax officials of public authorities at all levels, the company made public commitments to combat corruption and bribery and maintain strict internal and external audits and Implementation of state of art surveillance system.

We have awareness raising and training our staff about anti‐corruption and extortion by e-mail, internet, internal communication and other means;
Baksh Capital has always participated in industry initiative and collective actions on anti‐corruption.

• We never had any incident of Corruption involving our office as a defendant, but if it was the case, we would be watchful to review our system and our team behavior.
• We have discussed with our legal advisors on how to deal with legal cases related to Anti-Corruption if situation arises