Reliance Infrastructure Limited
Directors' Report
Annexure -C
Annual Report on Corporate Social Responsibilities (CSR) Activities
-
Brief outline on CSR Policy of the Company
Reliance Infrastructure Limited ('Reliance Infrastructure') as a responsible corporate entity undertakes appropriate Corporate Social Responsibility (CSR) measures having positive economic, social and environmental impact to transform lives and to help build more capable & vibrant communities by integrating its business values and strengths. In its continuous efforts to positively impact the society, especially the areas around its sites and offices, the Company has formulated guiding policies for social development, targeting the inclusive growth of all stakeholders under nine specific categories including Promoting education, environment sustainability, economic empowerment, rural development, health care and sanitation. - Composition of CSR Committee
Sr. | Name of Director | Designation / Nature of | No. of meetings of CSR | No. of meetings of CSR |
No. | Directorship | Committee held during | Committee attended | |
the year | during the year | |||
1 | Ms. Ryna Karani (Chairperson) | Independent Director | 1 | 1 |
(upto October 8, 2021) | ||||
2. | Shri S S Kohli (Chairman w.e.f | Independent Director | 1 | 1 |
October 28, 2021) | ||||
3. | Shri K Ravikumar | Independent Director | 1 | 1 |
4. | Ms. Manjari Kacker (w.e.f. | Independent Director | - | - |
October 28, 2021) | ||||
5. | Dr. Thomas Mathew | Independent Director | - | - |
(w.e.f. April 22, 2022) | ||||
6. | Shri Punit Garg | Executive Director | 1 | 1 |
- Provide 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
Our CSR policy is placed on the website at the link - https://www.rinfra.com/documents/1142822/1189698/Rinfra_ CSRPolicy_revised.pdf. - Provide 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. - Details of 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: Nil
Sr. | Financial Year | Amount available for set-off from | Amount required to be set-off for the |
No. | preceding financial years (in `) | financial year, if any (in `) |
Nil
- Average net profit of the Company as per section 135(5) Loss of ` 2,667.38 crore
- (a) Two percent of average net profit of the Company as per section 135(5) Not Applicable in view of the losses
(Loss of ` 53.35 crore)- Surplus arising out of the CSR projects or programmes or activities of the previous financial years. Nil
- Amount required to be set off for the financial year, if any: Nil
- Total CSR obligation for the financial year (7a+7b-7c):Nil
- (a) CSR amount spent or unspent for the financial year:
Total Amount | Amount Unspent (in `) | ||||||
Spent for the | Total Amount transferred to | Amount transferred to any fund specified under | |||||
Financial Year | Unspent CSR Account as per | Schedule VII as per second proviso to Section 135(5) | |||||
(in `) | Section 135(6) | ||||||
Amount | Date of transfer | Name of the fund | Amount | Date of transfer | |||
Nil |
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Reliance Infrastructure Limited
Directors' Report
- Details of CSR amount spent against ongoing projects for the financial year:
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | |||
Sl. | Name | Item from | Local | Location of the | Project | Amount | Amount | Amount transferred | Mode of | Mode of Implementation - Through | |||
No. | of the | the list of | area | project | Duration | allocated | spent | to Unspent CSR | Implementation - | Implementing Agency | |||
Project | activities | (Yes/ | for the | in the | Account for the | Direct (Yes/No) | |||||||
State | District | Name | CSR | ||||||||||
in Schedule | No) | project | current | project as per | |||||||||
Registration | |||||||||||||
VII to the | (in `) | financial | Section 135(6) | ||||||||||
number | |||||||||||||
Act | year (in `) | (in `) | |||||||||||
Nil
(c) Details of CSR amount spent against other than ongoing projectsfor the financial year:
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |||
Sr. | Name | Item from the | Local area | Location of the | Amount spent | Mode of | Mode of Implementation | |||
No. | of the | list of activities | (Yes/No) | project | in the current | Implementation | - Through Implementing | |||
Project | in Schedule VII | financial year | - Direct (Yes/ | Agency | ||||||
to the Act | (in `) | No) | ||||||||
State | District | Name | CSR | |||||||
Registration | ||||||||||
number | ||||||||||
Nil | ||||||||||
- Amount spent in Administrative Overheads: Nil
- Amount spent on Impact Assessment, if applicable: Not Applicable
- Total amount spent for the Financial Year (8b+8c+8d+8e): Nil
- Excess amount for set off, if any: Not Applicable
Sr. | Particular | Amount (in `) |
No. | ||
(i) | Two percent of average net profit of the Company as per section 135(5) | |
(ii) | Total amount spent for the Financial year | |
(iii) | Excess amount spent for the financial year [(ii)-(i)] | |
(iv) | Surplus arising out of the CSR projects or programmes or activities of the | |
previous financial years, if any | ||
(v) | Amount available for set off in succeeding financial years [(iii)-(iv)] |
9. (a) Details of Unspent CSR amount for the preceding three financial years:
Sr. | Preceding | Amount transferred | Amount | Amount transferred to any fund | Amount remaining | ||
No. | Financial | to Unspent CSR | spent in the | specified under Schedule VII as | to be spent in | ||
Year | Account under | reporting | per section 135(6), if any | succeeding financial | |||
section 135(6) | Financial Year | years (in `) | |||||
Name of | Amount | Date of | |||||
(in `) | (in `) | ||||||
the Fund | (in `) | transfer | |||||
Nil
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
Sr. | Project | Name | Financial Year | Project | Total | Amount | Cumulative | Status of |
No. | ID | of the | in which the | duration | amount | spent on | amount spent | the project - |
Project | project was | allocated | the project | at the end | Completed / | |||
commenced | for the | in the | of reporting | Ongoing | ||||
project | reporting | Financial Year | ||||||
(in `) | Financial | (in `) | ||||||
Year (in `) | ||||||||
Nil | ||||||||
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Reliance Infrastructure Limited
Directors' Report
- In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the financial year (asset-wise details): No capital asset has been created or acquired during the financial year.
- Date of creation or acquisition of the capital asset(s): NA
- Amount of CSR spent for creation or acquisition of capital asset: NA
- Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.: NA
-
Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset):
NA
- Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5).
As there are no average net profits for the Company during the previous three financial years, no funds were set aside and spent by the Company towards Corporate Social Responsibility during the year under review.
Punit Garg | S S Kohli | |
Date: May 13, 2022 | Executive Director and Chief Executive Officer | Chairman CSR Committee |
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Reliance Infrastructure Limited published this content on 01 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 07:29:04 UTC.