annual-report-FY2021

95 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 5. 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 fnancial year, if any Sr. No. Financial Year Amount available for set-off from preceding fnancial years (in Rs) Amount required to be set-off for the fnancial year, if any (in Rs) 1. F20 20,00,00,000 20,00,00,000 TOTAL 20,00,00,000 20,00,00,000 6. Average net proft of the company as per section 135(5) – Rs. 5,627.86 crores (Average of F18, F19, F20) 7. (a) Two percent of average net proft of the company as per section 135(5) – Rs. 112,56,00,000 (b) Surplus arising out of the CSR projects or programmes or activities of the previous fnancial years. – None (c) Amount required to be set off for the fnancial year, if any – Rs. 20,00,00,000 [ The Company had contributed a sum of Rs. 20 crores to the PM CARES Fund on 31 st March, 2020 in pursuance of MCA’s appeal dated 30 th March, 2020 made to the MDs/CEOs of top 1000 companies in terms of market capitalization, to contribute generously to PM CARES Fund. I n terms of the MCA Circular No.CSR-01/4/2021-CSR-MCA dated 20 th May, 2021, Mr. Manoj Bhat, Group Chief Financial Officer and BSR & Co., the Statutory Auditors of the Company have certified that the contribution to “PM CARES Fund” was indeed made on 31 st March, 2020 in pursuance of the appeal and the same was over and above the mandatory CSR obligation under section 135(5) of the Act for FY 2019-20. T he said contribution of a sum of Rs. 20 crores to PM CARES Fund was made by the Company over and above the mandatory CSR obligation under section 135(5) of the Act for FY 2019-20, which has been offset against the mandatory CSR obligation for FY 2020-21.] (d) Total CSR obligation for the fnancial year (7a+7b-7c). – Rs. 92,56,00,000 8. (a) CSR amount spent or unspent for the fnancial year : Total Amount Spent for the Financial Year (in Rs.) Amount Unspent (in Rs.) Total Amount transferred to Unspent CSR Account as per section 135(6). Amount transferred to any fund specifed under Schedule VII as per second proviso to section 135(5). Amount. Date of transfer Name of the Fund Amount Date of transfer 92,78,17,286 NIL N/A N/A NIL N/A (b) Details of CSR amount spent against ongoing projects for the fnancial year: Not Applicable (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Sl. No. Name of the Project. Item from the list of activities in Schedule VII to the Act. Local area (Yes/ No). Location of the project. Project duration. Amount allocated for the project (in Rs.). Amount spent in the current fnancial Year (in Rs.). Amount transferred to Unspent CSR Account for the project as per Section 135(6) (in Rs.). Mode of Implementation- Direct (Yes/No). Mode of Implementation - Through Implementing Agency State District Name CSR Registration number. TOTAL