Eicher Motors : Corporate Social Responsibility Report 2020-21

187

ANNEXURE-3

ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR) ACTIVITIES FOR THE FINANCIAL YEAR 2020-21

1. Brief outline on CSR Policy of the Company

The Board of Directors of the Company at their meeting held on November 12, 2014 had approved the Corporate

Social Responsibility Policy of the Company pursuant to

Section 135 of the Companies Act 2013 ("the Act") and relevant rules prescribed thereunder.

The Policy, inter-alia, lays down the criteria for identifying programmes eligible for financial assistance and for determining the quantum of assistance in relation

with such programmes, implementation procedure for programmes, evaluation, monitoring and reporting framework and administration mechanism. Programmes that are eligible in accordance with the Act and are consistent with the CSR themes of the Company shall be eligible for grants.

Following CSR themes are given preference while formulating Annual Actions Plans:

1. Local Area Development
2. Social Mission - Responsible Travel
3. Road Safety

CSR Committee may include any other themes on CSR that are within the purview of Section 135 of the Act read with Schedule VII thereto.

The Company ensures that every programme has:

1. Clearly defined objectives consistent with the Policy
2. A System for monitoring actual spending by the grantees
3. Impact assessment, wherever required
4. A reporting framework/ system

Prospective CSR programmes are presented to the CSR Committee for evaluation. The proposal include proposed budget, social need for the programme and benefits expected. The CSR Committee recommends desirable programmes with all necessary details to the Board for approval.

All CSR programmes are closely monitored through field visits, comprehensive documentation and regular interaction with beneficiary communities.

Your Company implements its CSR Programmes on its own or through Eicher Group Foundation (EGF), a section 8 Company incorporated by the Company and its unlisted subsidiary VE Commercial Vehicles Limited (VECV) with a view to facilitate and monitor CSR initiatives of the Company and VECV. The Company also collaborate with third parties for undertaking CSR Programmes in such manner as the CSR Committee may deem fit.

Your Company will continue to support social projects that are consistent with the policy.

2. Composition of CSR Committee

Sl.	Name of Director	Designation / Nature of	Number of meetings of CSR	Number of meetings of CSR
No.		Directorship	Committee which the member	Committee attended during the year
			were eligible to attend during
			the year
1	Mr. S. Sandilya	Chairman, Non-Executive	3	3
		Independent Director
2	Mr. Siddhartha Lal	Member, Managing Director	3	3
3	Mr. Inder Mohan Singh	Member, Non-Executive	3	3
		Independent Director
4	Ms. Manvi Sinha*	Member, Non-Executive	0	NA
		Independent Director

*Appointed on March 31, 2021. No CSR Committee meetings were held in the financial year 2020-21 after such date.

3. 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

Composition of the CSR committee shared above and is available on the Company's website on https://www.eicher.in/ consitution-of-board-committee

CSR Policy of the Company is available at http://www.eicher.in/uploads/1623138899_eicher-corporate-social-responsibility-policy.pdf CSR Projects approved by the Board is available at https://www.eicher.in/uploads/1626852323_details-of-csr-projects-2020-21.pdf

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188

STATUTORY REPORTS

1. Provide the details of Impact assessment of CSR projects carried out in pursuance of sub-rule (3) of rule 8of the Companies (Corporate Social responsibilityPolicy) Rules, 2014, if applicable (attach the report)
   Not Applicable
2. Details of the amount available for set off in pursuanceof 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	Amount required to be set- off for the
preceding financial years (in Rs.)	financial year, if any (in Rs.)
NIL

6. Average net profit of the company as per section 135(5): Rs. 2818.5 crore

1. (a) Two percent of average net profit of the company as per section 135(5): Rs. 56.37 crore
2. 1. Surplus arising out of the CSR projects or programmes or activities of the previous financial years: NIL
   2. Amount required to be set off for the financial year, if any: NIL
   3. Total CSR obligation for the financial year (7a+7b-7c):Rs. 56.37 crore
3. (a) CSR amount spent or unspent for the financial year:

Total Amount Spent			Amount Unspent (in Rs.)
for the financial	Total Amount transferred to Unspent	Amount transferred to any fund specified underSchedule VII
year (Rs. in crore)	CSR Account as per section 135(6)	as per second proviso to section 135(5)
	Amount.	Date of transfer.	Name of the Fund	Amount.	Date of transfer.
56.37		Not Applicable		Not Applicable

(b) 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	Mode of		Mode of
No.	of the	the list of	area	project	duration	allocated	spent in	transferred to	Implementation	Implementation
	Project	activities in	(Yes /			for the	the current	Unspent CSR	- Direct (Yes/		-Through
		Schedule VII	No)			project (in	financial	Account for the	No)	ImplementingAgency
		to the Act		State District		Rs.)	Year (in	project as per		Name	CSR
							Rs.)	Section 135(6)			Registration
								(inRs.)			number
1.						NIL

(c) Details of CSR amount spent against other than ongoing projects for the financial year:

(1)	(2)	(3)	(4)	(5)		(6)	(7)		(8)
Sl.	Name ofthe	Item fromthe list	Local	Location of the	Amount spent	Mode of	Mode of implementation -
No.	Project	ofactivities in	area	project	forthe project	implementation	Through implementing agency
		schedule VII to	(Yes /	State.	District.	(Rs. in lakh)	- Direct (Yes / No)	Name.	CSR registration
		theAct	No)
							number.
1.	Donation of	Promoting healthcare	No	West Bengal	Calcutta	9.7	No	Eicher Group	CSR00005785
	helmets	and Road Safety						Foundation
2.	Donation of clothes	Rural development	No	Multiple	Multiple	192.4	Yes	NA	NA
				State	District
3.	Covid-19 relief	Promoting healthcare	Yes	Tamil Nadu	Multiple	2,081.7	No	Eicher Group	CSR00005785
	and management	including preventive		& Haryana	District			Foundation
	activities	healthcare, disaster
	No	Multiple	Multiple	193.4	No	Eicher Group	CSR00005785
		management
			State	District			Foundation
4.	Covid-19 relief	Contribution to PM	NA	NA	NA	625.0	No	Eicher Group	CSR00005785
	and management	Care Fund						Foundation
	activities
	TOTAL					3,102.2

EICHER MOTORS LIMITED

189

1. Amount spent in Administrative Overheads : Rs. 187.3 lakh
2. Amount spent on Impact Assessment, if applicable: NIL

(ea) Amount spent during the financial year on ongoing projects as approved in the previous years*: Rs. 2,347.7 lakh

*Details are provided under para 9(b) below.

1. Total amount spent for the financial year(8b+8c+8d+8e+8ea): Rs. 5,637.2 lakh
2. Excess amount for set off, if any

Sl. No.	Particular	Amount (Rs. in crore)
(i)	Two percent of average net profit of the company as per section 135(5)	56.37
(ii)	Total amount spent for the financial year	56.37
(iii)	Excess amount spent for the financial year [(ii)-(i)]	Nil
(iv)	Surplus arising out of the CSR projects or programmes or activities of the previous	Nil
	financial years, if any
(v)	Amount available for set off in succeeding financial years [(iii)-(iv)]	Nil

9. (a) Details of Unspent CSR amount for the preceding three financial years:

Sl.	Preceding	Amount transferred to	Amount	Amount transferred to any fund specified	Amount remaining
No.	financial year	Unspent CSRAccount	spentin the	under Schedule VII as per section 135(6),	tobe spent in
		under section 135 (6)	reporting		if any		succeeding
		(in Rs.)	financial	Nameof the	Amount	Date of	financial years
			year(in Rs.)	Fund	(in Rs).	transfer.	(in Rs.)

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)
Sl.	Project ID	Name of the Project	Financial	Project	Total	Amount	Cumulative	Status of
No.			Year in	duration	amount	spent on the	amount spent	theproject -
			which the		allocated	project in	at the end	Completed
			project was		for the	the reporting	ofreporting	/ Ongoing
			commenced		project	financial year	financial year
					(Rs. in lakh)	(Rs in lakh)	(Rs. in lakh)
1.	E1004	Improve employment	2016-17	Continuing	850.0	79.5	712.3	Ongoing
		opportunities for school
		dropout unemployed youth
		by skill building
2.	E1009	Eradication of blindness and	2015-16	Continuing	5,329.9	1,017.7	2,391.7	Ongoing
		deafness
3.	E1006	Infrastructure development	2015-16	Continuing	4,415.7	575.0	2,777.3	Ongoing
		and operational expenses for
		School
4.	E1002	Electrification of Villages in	2017-18	Continuing	1,020.0	226.6	823.4	Ongoing
		Himalayas
5.	E1012	Greening of highways	2018-19	Continuing	268.0	32.5	193.0	Ongoing
6.	E1013	Holistic maternal and child	2018-19	Continuing	300.0	0.1	162.8	Ongoing
		well-being
7.	E1018 &	Royal Enfield Centre for Skill	2019-20	Continuing	5,798.0	354.5	845.4	Ongoing
	E1021	Development
8.	E1023	Village upgradation program	2016-17	Continuing	731	61.7	541.4	Ongoing
		covering activities relating
		to education, environment,
		livelihood, safe drinking water
		and others
	TOTAL				18,712.6	2,347.7	8,447.3

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190

STATUTORY REPORTS

10. In case of creation or acquisition of capital asset, furnish the details relating to theasset so created or acquired through CSR spent in the financial year (asset-wise details)

(a)	Date of creation or acquisition of the capital asset(s).	NIL
(b)	Amount of CSR spent for creation or acquisition of capitalasset.	NIL
(c)	Details of the entity or public authority or beneficiary under whose name such	NIL
	capital asset is registered, their address etc.
(d)	Provide details of the capital asset(s) created or acquired (including complete	NIL
	address and location of the capital asset).

Note: The Company or Eicher Group Foundation (Implementing Agency) are not having any capital assets registered in their names which are created/ acquired from the CSR funds.

11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5)

The total CSR obligation of the Company for the financial year 2020-21 pursuant to Section 135 of the Company Act, 2013 was Rs. 56.37 Crore. The Company has discharged its entire obligation by spending Rs. 56.37 Crore on projects specified under para 8(c) and 9(b) and considering overheads as mentioned under para 8(d).

	Siddhartha Lal	S. Sandilya
	Managing Director	Chairman, CSR Committee
	DIN: 00037645	DIN: 00037542
Date: May 27, 2021	Place: London, UK	Place: Chennai, Tamil Nadu

EICHER MOTORS LIMITED