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

83 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 • Mahindra Academy-Malad, Mumbai • Mahindra Scholarship for MUWCI Students • Project Hariyali As per MCA General Circular No. 14/2021 dated 25 th August, 2021 on FAQs on CSR, it is clarified that web-link to access the complete impact assessment reports and providing executive summary of the impact assessment reports in the annual report on CSR, shall be considered as sufficient compliance of Rule 8(3)(b) of the Companies (CSR Policy) Rules, 2014. Accordingly, the Executive Summary for Impact Assessment Reports of the applicable projects, is annexed with this Annexure and the complete Impact Assessment Reports of the applicable projects can be accessed at the Web-link: https://www.mahindra.com/resources/FY22/AnnualReport.zip 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 financial year, if any - Not Applicable Sl. No. Financial Year Amount available for set-off from preceding financial years (in Rs) Amount required to be set-off for the financial year, if any (in Rs) 6. Average net profit of the company as per section 135(5) – Rs. 4,842.32 crores (Average of F19, F20, F21) 7. (a) Two percent of average net profit of the company as per section 135(5) – Rs. 96,84,63,072 (b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years. – None (c) Amount required to be set off for the financial year, if any – Not Applicable (d) Total CSR obligation for the financial year (7a+7b- 7c). – Rs. 96,84,63,072 8. (a) CSR amount spent or unspent for the financial 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 specified under Schedule VII as per second proviso to section 135(5). Amount. Date of transfer Name of the Fund Amount Date of transfer 97,07,68,887 NIL N/A N/A NIL N/A (b) Details of CSR amount spent against ongoing projects for the financial 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 financial 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