LINDE INDIA LIMITED 34 Linde India Limited
Annexure to Directors' Report.
[Annexure - 5]
Annual Report on Corporate Social Responsibility
[Pursuant to Companies (Corporate Social Responsibility Policy) Rules, 2014]
-
A brief outline of the Company's CSR Policy
Your Company is committed to behave responsibly towards people, society and the environment for inclusive growth of the society where we operate, to conserve natural resources and to develop sustainable products. The CSR Commitment of your Company is centred around four thematic areas, viz. Education, Health, Environment and Livelihood (Skill Development) and Other areas or subjects specified in Schedule VII of the Companies Act, 2013. - The Composition of the CSR Committee
Please refer to the Corporate Governance Report for the composition of the CSR Committee. - Web-linkwhere composition of the CSR Committee, CSR Policy and CSR projects approved by the Board are disclosed on the website of the Company
Web-linkof composition of CSR Committee https://www.linde.in/en/about_linde_india_limited/management/index.html Web-linkof CSR Policy of the Company http://www.linde.in/en/corporate_responsibility/publications/index.html.
Web-link of the CSR Projects approved by the Board for the Year 2021 https://www.linde.in/en/investor_relations/csr/index.html - Details of Impact assessment of CSR projects carried out in pursuance of Rule 8(3) of the Companies (Corporate Social Responsibility Policy) Rules, 2014, if applicable: Not Applicable at present
- 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
Sl. No. | Financial Year | Amount available for set-off from preceding | Amount required to be setoff for the |
financial years (in Rs.) | financial year, if any (in Rs.) | ||
- | - | - | - |
6. | Average net profit of the Company as per Section 135(5) of the Companies Act, 2013 | Rs. in million |
1,350.12 | ||
7. | (a) Two percent of average net profit of the Company as per Section 135(5) of the Companies Act, 2013 | 27.00 |
(b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years | Nil | |
(c) Amount required to be set off for the financial year, if any | Nil | |
(d) Total CSR obligation for the financial year (7a+7b+7c) | 27.00 |
8. (a) CSR amount spent or unspent for the financial year:
Total Amount Spent for | Amount Unspent (in Rs.) | ||||
the Financial Year | Total Amount transferred to Unspent CSR | Amount transferred to any fund specified under Schedule VII | |||
(Rs. million) | Account as per Section 135(6) | as per second proviso to Section 135(5) | |||
Amount (Rs.) | Date of transfer | Name of the Fund | Amount (Rs.) | Date of transfer | |
32.58 (including carried forward | - | - | - | - | - |
amount from FY 2020) |
(b) Details of CSR amount spent against ongoing projects for the financial year:
Sl. | Name of the | Item from | Local | Location of the | Project | Amount | Amount | Amount transferred | Mode of | Mode of Implementation - | ||
No. | Project | the list of | area | project | duration | allocated | spent in | to Unspent CSR | Imple- | Through Implementing Agency | ||
activities in | (Yes/ | State | District | for the | the current | Account for the | mentation | Name | CSR Regn. No. | |||
Schedule VII | No). | project | financial | project as per | - Direct | |||||||
to the Act | (in Rs.) | Year (in Rs.) | Section 135(6) | (Yes/ No) | ||||||||
(in Rs.) | ||||||||||||
1. | Defensive driver | Livelihood | No | Delhi, Haryana, | 3 Years | 2,500,000 | 2,500,000 | - | No | Institute of | CSR00001718 | |
training for drivers | (Skill | Rajasthan, | Road Traffic | |||||||||
of heavy vehicles | Development) | Odisha, Jharkhand | Education | |||||||||
Chhattisgarh, | ||||||||||||
for making the | (IRTE) | |||||||||||
Maharashtra, | ||||||||||||
highways safer | Telangana | |||||||||||
2. | Training program | Health | No | Odisha | Jajpur | 3 Years | 2,500,000 | 2,496,450 | - | No | Centre for | CSR00001620 |
for mid-wives | catalyzing | |||||||||||
for reduction | change CSR | |||||||||||
of C-section | Activity (C3) | |||||||||||
deliveries | ||||||||||||
3 | Training program | Health | No | Odisha | Jajpur | 3 Years | 1,700,000 | 1,700,000 | - | No | Centre for | CSR00001620 |
for mid-wives for | catalyzing | |||||||||||
reduction of | change CSR | |||||||||||
C-section deliveries | Activity (C3) |
Annual Report 2021 | 35 |
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
Sl. No. Name of the Project | Item from the | Local area | Location of the | Amount spent | Mode of | Mode of Implementation - | |||
list of activities | (Yes/No) | project | for the project | imple- | Through Implementing Agency | ||||
in Schedule VII | (in Rs.) | mentation | |||||||
to the Act | State | District | - Direct | Name | CSR Regn. No. | ||||
(Yes/No) | |||||||||
1 | Contribution towards education/ free | Education | No | Karnataka | Yelahanka | 500,000 | No | AIM | CSR00003273 |
hostel facility for underprivileged children | & Rajasthan | & Udaipur | for Seva | ||||||
2. | Contribution towards education for | Education | Yes | West | Kolkata | 500,000 | No | Disha | CSR00000237 |
underprivileged children | Bengal | Foundation | |||||||
3. | Education of children suffering from | Education | Yes | West | Kolkata | 500,000 | No | Indian Institute | CSR00001730 |
cerebral palsy | Bengal | of cerebral | |||||||
Palsy | |||||||||
4. | Education for underprivileged children | Education | No | Jharkhand | Jamshedpur | 500,000 | No | Prem Jyoti | CSR00010604 |
Prangan | |||||||||
5. | Contribution for providing education & | Education | No | Odisha | Rourkela | 500,000 | No | Radhakrishna | CSR00009714 |
other support for blind children | Drushtihina | ||||||||
Vidyalaya | |||||||||
6. | Renovation & Revamping of Operation | Other Areas | Yes | West | Kolkata | 2,700,000 | No | Ramakrishna | CSR00005055 |
Theatres into Covid Operation Theatres | (Disaster Relief) | Bengal | Sarda Mission | ||||||
and Donation of Multipara Patient | |||||||||
Monitors to Sarada Matri Mandir Bhawan, | |||||||||
Kolkata | |||||||||
7. | Covid related support, i.e., online doctor | Other Areas | Yes | - | - | 5,000,000 | No | Give India | CSR00000389 |
support, supply of essential medicines, | (Disaster Relief) | ||||||||
facility of ICU, Covid-19 testing, food and | |||||||||
health suppliers etc. at various locations | |||||||||
in India | |||||||||
8. | Contribution to Turnstone Global towards | Other Areas | Yes | West | South 24 | 500,000 | No | Give India | CSR00000389 |
disaster relief- Yaas cyclone | (Disaster Relief) | Bengal | Parganas | ||||||
9. | Donation of medical equipment for | Other Areas | No | Karnataka | Bangalore | 2,500,000 | No | Concern India | CSR00000898 |
treatment of Covid patients | (Disaster Relief) | Urban | Foundation | ||||||
10. | Ex-gratia payment to temporary/ casual/ | Other Areas | Yes | - | - | 5,600,000 | Yes | N/A | N/A |
daily wage workers at various locations | (Disaster Relief) | ||||||||
in India towards Covid-19 relief as per | |||||||||
MCA General Circular No. 15/2020 dated | |||||||||
10 April 2020 on Covid-19 related FAQs | |||||||||
on CSR | |||||||||
11. | Project by plant managers towards Project | Education | Yes | West | North 24 | 642,500 | Yes | N/A | N/A |
Saksham - Computer Literacy Program | Bengal | Parganas | |||||||
12. | Various projects by plant managers - | Health | Yes | Odisha | Rourkela | 2,723,179 | Yes | N/A | N/A |
donation of ICU beds, medical equipments, | West Bengal | Kolkata | |||||||
masks, vaccination program, etc. | Gujarat | Bharuch | |||||||
13. | Various projects by plant managers - | Environment | Yes | West Bengal | South 24 | 420,000 | Yes | N/A | N/A |
restoration of mangroves in Sundarbans | Parganas | ||||||||
14. | Projects by plant managers - providing | Other Areas | Yes | Maharashtra | Raigad | 991,592 | Yes | N/A | N/A |
food, water and other supplies for relief | (Disaster Relief) | Odisha | Jajpur | ||||||
from Cyclone Yaas and floods | West Bengal | Kolkata | |||||||
15. | Projects by plant managers - providing | Other Areas | Yes | West Bengal Budge Budge | 308,369 | Yes | N/A | N/A | |
food, groceries, clothing, etc. for old age | (Community | Telangana | Kothagudam | ||||||
home, children home, etc. | Development) | Odisha | Keonjhar | ||||||
16. | Contribution to Navy Week Fund 2021 | Other Areas | No | - | - | 2,000,000 | Yes | N/A | N/A |
36 Linde India Limited
(d) Amount spent in Administrative Overheads: No direct administrative overheads other than paid to the implementing agencies.
(e) Amount spent on Impact Assessment, if applicable: Not Applicable
(f) Total amount spent for the Financial Year (8b+8c+8d+8e): Rs. 32.58 million | ||
(g) Excess amount for set off, if any | ||
Sl. No. | Particulars | Amount (in Rs. million) |
1. | Two percent of average net profit of the company as per section 135(5) | 27.00 |
2. | Total amount spent for the Financial Year (including carried forward amount from FY 2020) | 32.58 |
3. | Excess amount spent for the financial year [(ii)-(i)] | 5.58 |
4. | Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any | Nil |
5. | 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: Rs. 5.53 million
Sl. No. Preceding | Amount | Amount spent | Amount transferred to any fund specified under | Amount remaining to be spent in | |||
Financial | transferred to | in the reporting | Schedule VII as per section 135(6), | succeeding financial years | |||
Year | Unspent CSR | Financial Year | if any | (in Rs. million) | |||
Account under | (in Rs. million) | Name of the | Amount | Date of | |||
section 135 (6) | Fund | (in Rs.) | transfer | ||||
(in Rs.) | |||||||
1. | 2020 | N/A | 5.53 | N/A | - | - | Nil |
2. | 2019 | N/A | Nil | N/A | - | - | Nil |
3. | 2018 | N/A | Nil | N/A | - | - | Nil |
(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): Not Applicable
Sl. | Project | Name of | Financial Year | Project | Total amount | Amount spent on | Cumulative amount | Status of |
No. | ID | the Project | in which the | duration | allocated for | the project in the | spent at the end of | the project - |
project was | the project | reporting Financial | Reporting FY (in Rs.) | Completed / | ||||
commenced | (in Rs.) | Year (in Rs.) | Ongoing | |||||
- | - | - | - | - | - | - | - | - |
- 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): Not Applicable
(a) Date of creation or acquisition of the capital asset(s)
(b) Amount of CSR spent for creation or acquisition of capital asset
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). - Reason, if Company has failed to spend two per cent of the average net profit as per section 135(5): Not Applicable
- CSR Committee Responsibility Statement
The CSR Committee confirms that the implementation and monitoring of the CSR activities of the Company are in compliance with the CSR objectives and CSR Policy of the Company.
On behalf of the Board
A Banerjee | S Sarin |
Managing Director | Chairperson, CSR Committee |
DIN: 08456907 | DIN: 06604529 |
Bangalore | Bangalore |
13 May 2022 | 13 May 2022 |
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Linde India Ltd. published this content on 18 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2023 11:58:02 UTC.
