Reliance Infrastructure Limited

Directors' Report

Annexure -C

ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITIES (CSR) ACTIVITIES

  1. 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.
  2. Composition of the CSR Committee

Sr

Name of Director

Designation / Nature

No. of meetings of

No. of meetings

No.

of Directorship

CSR Committee held

of CSR Committee

during the year

attended during the

year

1.

Shri S S Kohli (Chairman)

Independent Director

1

1

2.

Shri K Ravikumar

Independent Director

1

1

3.

Ms. Manjari Kacker

Independent Director

1

1

4.

Dr. Thomas Mathew upto September 9, 2022

Independent Director

-

-

5.

Ms. Chhaya Virani w.e.f. September 30, 2022

Independent Director

-

-

6.

Shri Punit Garg

Executive Director

1

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 our website at the link - https://www.rinfra.com/documents/1142822/1189698/Rinfra_ CSRPolicy_revised.pdf.
  2. 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.
  3. Details of the amount available for set off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social

6.

responsibility Policy) Rules,

2014 and amount required for set

off for the Financial Year, if any:

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) Nil (Loss of ` 406.61 crore)

  1. (a) Two percent of average net profit of the company as per section 135(5) Not Applicable in view of the losses (Loss of ` 8.13 crore)
    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):Nil
  3. (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

  1. 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

Local

Location of the

Project

Amount

Amount

Amount

Mode of

Mode of

No.

of the

from the

area

project

Duration

allocated

spent

transferred to

Implementation

Implementation -

Project

list of

(Yes/

for the

in the

Unspent CSR

- Direct (Yes/

Through Implementing

activities

No)

project

current

Account for

No)

Agency

in

(in `)

Financial

the project as

Schedule

Year (in

per Section

State District

Name

CSR

VII to

`)

135(6)

Registration

the Act

(in `)

number

Nil

22

Reliance Infrastructure Limited

Directors' Report

  1. Details of CSR amount spent against other than ongoing projects for the Financial Year:

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

Sr.

Name

Item from

Local area

Location of the

Amount

Mode of

Mode of

No.

of the

the list of

(Yes/No)

project

spent in

Implementation

Implementation

Project

activities in

the current

- Direct (Yes/

- Through

Schedule VII

Financial

No)

Implementing Agency

to the Act

Year (in `)

State District

Name

CSR

Registration

number

Nil

  1. Amount spent in Administrative Overheads: Nil
  2. Amount spent on Impact Assessment, if applicable: Not Applicable
  3. Total amount spent for the Financial Year (8b+8c+8d+8e): Nil
  4. Excess amount for set off, if any: Not Applicable

Sr.

Particular

Amount (in `)

No.

  1. Two percent of average net profit of the company as per section 135(5)
  2. Total amount spent for the Financial year
  3. Excess amount spent for the Financial Year [(ii)-(i)]
  4. Surplus arising out of the CSR projects or programmes or activities of the previous Financial Years, if any
  5. 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

Amount spent

Amount transferred to any fund

Amount remaining to

No.

Financial Year

transferred to

in the reporting

specified under Schedule VII as per

be spent in succeeding

Unspent CSR

Financial Year

section 135(6), if any

Financial Years (in `)

Account under

(in `)

Name of

Amount

Date of

section 135(6)

the Fund

(in `)

transfer

(in `)

Nil

  1. 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 the

amount spent

the project -

Project

project was

allocated for

project in

at the end

Completed /

commenced

the project

the reporting

of reporting

Ongoing

(in `)

Financial

Financial Year

Year (in `)

(in `)

Nil

  1. 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.
    1. Date of creation or acquisition of the capital asset(s): NA
    2. Amount of CSR spent for creation or acquisition of capital asset: NA
    3. Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.: NA
    4. Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset): NA
  3. 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 30, 2023

Executive Director and Chief Executive Officer

Chairman CSR Committee

23

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Reliance Infrastructure Limited published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 12:16:06 UTC.