MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

82 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS CORPORATE SOCIAL RESPONSIBILITY ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (“CSR”) ACTIVITIES FOR THE FINANCIAL YEAR 2021-22 1. Brief outline on CSR Policy of the Company 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 its core purpose, the CSR vision focusses on the constituencies of girls, youth and farmers with special emphasis on Women by innovatively supporting them through programs designed in the domains of education, skill development and environment, while harnessing the power of technology. We believe that these are the critical constituencies who contribute to nation building and through our CSR efforts we will enable these communities to Rise. In accordance with the Companies Act, 2013, your Company has committed 2% (Profit before Tax) annually towards CSR initiatives. The CSR Policy of your Company outlines the approach and direction given by the Board, taking into account the recommendations of its CSR Committee, and includes guiding principles for selection, implementation and monitoring of CSR activities as well as formulation of the annual CSR action plan. The CSR projects undertaken are also listed in the CSR policy. 2. Composition of CSR Committee: Sl. No. Name of Director Designation/ Nature of Directorship Number of meetings of CSR Committee held during the year Number of meetings of CSR Committee attended during the year 1. Dr. Vishakha N. Desai Chairperson 5 5 2. Mr. Anand G. Mahindra Member 5 5 3. Dr. Anish Shah* Member 5 5 4. Dr. Pawan Goenka* Member — — 5. Mr. Vikram Singh Mehta Member 5 5 6. Mr. Muthiah Murugappan # Member 5** 4 * Dr. Pawan Goenka ceased to be a Member of the CSR Committee (“the Committee”) with effect from 2 nd April, 2021 pursuant to his cessation as Managing Director and Chief Executive Officer as well as the Director of your Company and the Committee was re-constituted to appoint Dr. Anish Shah as a Member of the Committee with effect from 2 nd April, 2021. # Mr. Muthiah Murugappan was inducted as a Member of the Committee with effect from 28 th May, 2021. ** Number of meetings of CSR Committee held post induction of Mr. Muthiah Murugappan on the Committee is 4. 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. https://www.mahindra.com/investors/reports-and-filings. 4. 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). Your Company has commissioned Devinsights Private Limited and Value Network Ventures Advisory Services Private Limited to carry out independent 3 rd Party Impact Assessment studies for the following five CSR projects completed in F21: • Project Nanhi Kali • Mahindra Pride ANNEXURE VI