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 on education, healthcare, environment, relief, disaster management etc. and Covid-19 related activities as permitted by the law. The projects undertaken during the Financial Year 2022-23 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 Tahkur Ahuja Chairman 1 1 2 Mr. N Srivishnu Raju Member 1 1 3 Mrs. N Bhuvaneswari Member 1 1 3. Provide the web-link(s) 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. Provide the executive summary along with web-link(s)of Impact Assessment of CSR Projects carried out in pursuance of sub-rule (3) of rule 8, if applicable.: Not Applicable 5. (a) Average net profit of the company as per sub-section (5) of section 135 : ₹ 1517.77million for FY 2021-22 (b) Two percent of average net profit of the Company as per section 135(5): ₹ 30.36 million (c) Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Nil (d) Amount required to be set-off for the financial year, if any : Nil 6. (a) Amount spent on CSR Projects (both Ongoing Project and other than Ongoing Project): ₹ 19.24 million (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Sl. No. Name of the Project Item from the list of activities in Schedule VII to the Act Local area (Yes/ No) Location of the project Project duration Amount allocated for the project (` in Mn) Amount spent in The current financial Year (` In Mn) Amount Transferred to Unspent CSR Account for the Project as per Section 135(6) ( In Mn). Mode of implementation - Direct (Yes/ No) Mode of implementation – Through implementing agency State District Name CSR registration number 1 Health and Education support Promoting Healthcare Yes Telangana Hyderabad 3year 21.30 14.06 7.24 No NTR Memorial Trust CSR00001602 2 400 KLD Sewage Treatment Plant Promoting Education Yes Telangana Rangareddy 2 year 8.26 4.38 3.88 No NTR Memorial Trust CSR00001602 3 For laying of Roads Rural Area Yes Telangana Rangareddy 2 year 0.80 0.80 - Yes - - Total 30.36 19.24 11.12 (b) Amount spent in Administrative Overheads : Nil (c) Amount spent on Impact Assessment, if applicable : Nil (d) Total amount spent for the Financial Year [(a)+(b)+(c)] : ₹ 19.24 million (e) CSR amount spent or unspent for the financial year: Total Amount Spent for the Financial Year 2022-23 (` 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 19.24 11.12 24-04-2023 NA Nil NA The unspent amount of ₹ 11.12 million will be spent in accordance with the CSR Amendment Rules. Heritage Foods Limited | 31st Annual report 2022-23 102
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