Page 72 - Arvind 2024

Annexure - B to the Directors’ Report
Annual Report on CSR Activities for the FY 2023-24
Annexure - II
1. Brief Outline on CSR Policy of the Company:
Arvind SmartSpaces Limited follows the group’s CSR philosophy of contributing to the growth and development of the society as we believe that healthy business grows only in a healthy society and that business must serve and empower the community in the area where it operates. The responsibility of undertaking development initiatives has been jointly shared by Strategic Help Alliance for Relief to Distressed Areas (SHARDA) Trust.
Our CSR Policy is in sync with the broader areas of Schedule VII of the Companies Act, 2013 and will always be aligned to the changes that gets incorporate in the schedule.
The key points of the policy can be reached at our website through the given link: https://www.arvindsmartspaces. com/wp-content/uploads/2022/02/Corporate-Social-Responsibility-Policy.pdf
2. Composition of the CSR Committee:
The Board of Directors of the Company has constituted Corporate Social Responsibility Committee (“CSRC”) in compliance with the provisions of Section 135 read with Schedule VII of the Companies Act, 2013. The details
of Composition of Corporate Social Responsibility Committee, Number of Meetings held and participation at the Meetings during the year are as under:
Sr. 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. Sanjay S. Lalbhai
2 Mr. Prem Prakash Pangotra
3 Ms. Pallavi Vyas
4 Mr. Kamal Singal
Chairman
Member
Member
Member
2 2
2 2
2 2
2 2
3. Web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company. https://www.arvindsmartspaces.com/wp-content/uploads/2022/02/Corporate-Social-Responsibility-Policy.pdf /
4. 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 - Not Applicable
5. a)
b) Two percent of average net profit of the company as per section 135(5): Rs. 74.11 Lac
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
e) Total CSR obligation for the financial year [(b)+(c)+(d)]: Rs. 74.11 Lac
Average net profit of the Company as per section 135(5): Rs. 3706 Lac.
6. a)
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)]: Rs. 75.00 Lac
e) CSR amount spent or unspent for the financial year:
75.00 NIL - - NIL -
Amount spent on CSR Projects (both Ongoing Project and other than Ongoing project): Rs. 75.00 Lac
Total Amount Spent for the Financial Year (Rs. In Lac)
Amount Unspent (Rs. In Lac)
Total Amount transferred to Unspent CSR Account as per sub- section (6) of section 135.
Amount transferred to any fund specified under Schedule VII as per second proviso to sub-section (5) of section 135
Amount
Date of transfer
Name of the Fund
Amount
Date of transfer
70 | Arvind SmartSpaces Limited