Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 83 Annexure – 4 THE ANNUAL REPORT ON CSR INITIATIVES 1. Brief outline on CSR Policy of the Company The Board of Directors has adopted a CSR policy to enable the Company to carry-out CSR activities in one or more than one activities mentioned in the Schedule VII to the Companies Act, 2013. The CSR initiatives of the Company are mainly focused in education, healthcare, environment, relief, disaster management etc. and Covid-19 related activities as permitted by the law. The projects undertaken during the Financial Year 2021-22 were within the broad framework of Schedule VII to the Companies Act, 2013. Details of the CSR policy of the Company is available on the website of the Company at www.heritagefoods.in. 2. Composition of CSR Committee: 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 attended during the year 1 Mr. Rajesh Thakur Ahuja Chairperson 3 3 2 Mr. N Srivishnu Raju Member 3 2 3 Mrs. N Bhuvaneswari Member 3 3 3. The web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company: Composition of CSR Committee: https://www.heritagefoods.in/committee CSR Policy: https://www.heritagefoods.in/policy CSR Projects: https://www.heritagefoods.in/static/images/pdf/CSR%20Activities%20for%20FY%202021-22.pdf 4. 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): Not Applicable 5. The amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social responsibility Policy) Rules, 2014 and amount required for set off for the financial year, if any: Sl. No. Financial Year Amount available for set-off from preceding financial years ( ` In Mn) Amount required to be set-off for the financial year, if any ( ` In Mn) Not Applicable 6. Average net profit of the company as per section 135(5): ` 1,467.33 million for FY 2020-21 7. Particulars Amount ( ` in Mn) Two percent of average net profit of the company as per section 135(5) [A] 29.35 Surplus arising out of the CSR projects or programmes or activities of the previous financial years [B] - Amount required to be set off for the financial year, if any [C] - Total CSR obligation for the financial year [A]+[B]+ [C] 29.35 8. (a) CSR amount spent or unspent for the financial year: Total Amount Spent for the Financial Year 2021-22 ( ` In Mn) Amount Unspent ( ` In Mn) Total Amount transferred to Unspent CSR Account as per section 135(6) Amount transferred to any fund specified under Schedule VII as per second proviso to section 135(5) Amount Date of Transfer Name of the Fund Amount Date of Transfer 17.77 11.58 25/04/2022 NA Nil NA The unspent amount of ` 11.58 millions ( ` 7.06 million available with Company and ` 4.52 million available with Asian Healthcare Foundation-implementing agency) will be spent in accordance with the CSR Amendment Rules Board’s Report