annual-report-FY2020

87 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 CORPORATE SOCIAL RESPONSIBILITY ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (“CSR”) ACTIVITIES FOR THE FINANCIAL YEAR 2019-20 1. A brief outline of the company’s CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs. Since its inception your Company has been a socially responsible corporate making investments in the community which go beyond any mandatory legal and statutory requirements. In line with the core purpose, the CSR vision is “to focus our efforts within the constituencies of girls, youth and farmers by innovatively supporting them through programs designed in the domains of education, health and environment, while harnessing the power of technology. By investing our CSR efforts in these critical constituencies who contribute to nation building and the economy, we will enable our stakeholders and communities to RISE”. In accordance with the Companies Act, 2013, your Company has committed 2% (Profit before Tax) annually towards CSR initiatives. The amount equal to 2% of the average net profit for the past three Financial Years is Rs. 106.56 crores. During the year, your Company has spent Rs. 126.59 crores on CSR activities. Web link to the CSR Policy, including overview of projects or programs proposed to be undertaken – https://www.mahindra.com/resources/ FY20/AnnualReport.zip 2. The Composition of the CSR Committee: Dr. Vishakha N. Desai - Chairperson Mr. Anand G. Mahindra - Member Dr. Pawan Goenka - Member Mr. Vikram Singh Mehta - Member 3. Average net profit of the company for last three financial years : Rs. 5,328.18 crores. 4. Prescribed CSR Expenditure (two per cent. of the amount as in item 3 above) : Rs. 106.56 crores. 5. Details of CSR spent during the financial year: (a) Total amount to be spent for the financial year: Rs. 106.56 crores. (b) Amount unspent, if any : NA ANNEXURE VI