MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

91 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS CORPORATE SOCIAL RESPONSIBILITY ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (“CSR”) ACTIVITIES FOR THE FINANCIAL YEAR 2022-23 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, women and environment through massive tree plantation initiative. 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 the CSR Committee: Sr. 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 3 3 2. Mr. Anand G. Mahindra Member 3 3 3. Dr. Anish Shah Member 3 3 4. Mr. Vikram Singh Mehta Member 3 3 5. Mr. Muthiah Murugappan Member 3 3 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/investor-relations/policies-and-documents . 4. Provide the executive summary along with web-Link(s) of Impact Assessment of CSR projects carried out in pursuance of Sub rule (3) of rule 8, if applicable Your Company has appointed KPMG Assurance and Consulting Services LLP (For 15 Projects) and BlueSky Sustainable Business LLP Limited (For Project Hariyali) to carry out independent 3 rd Party Impact Assessment studies in F23 for 16 CSR projects. The Executive summary of the projects is provided in this annexure. The web-link for all the Impact Assessment reports is given below:- https:/www.mahindra.com/investor-relations/policies-and-documents . 5. (a) Average net profit of the company as per sub-section (5) of section 135 : Rs. 4593,38,92,500.62 (b) Two percent of average net profit of the company as per sub- section (5) of Section 135 : Rs. 91,86,77,850.01 (c) Surplus arising out of the CSR projects or programmes or activities of the previous financial year: NIL (d) Amount required to be set-off for the financial year, if any: NIL (e) Total CSR Obligation for the financial year [(b) + (c) – (d)] : Rs. 91,86,77,850.01 ANNEXURE VI