Annexure-IV of Board's Report
Format for the Annual Report on CSR Activities for
Financial Year ended March 31, 2023
- Brief outline on CSR Policy of the Company: The Company's focus area is health services. The projects undertaken are within the broad framework of Schedule VII of the Companies Act, 2013. Brief outline on CSR Policy is given in CSR policy of the Company which has been uploaded on the website of the Company and can be accessed at www.ace-cranes.com.
- Composition of CSR Committee:
S. No. | Name of Members | Designation / Nature of | No. of Meetings | ||
Directorship | Held | Attended | |||
1. | Dr. Divya Singal | Chairman/ | 1 | 1 | |
Independent Director | |||||
2. | Mrs. Mona Agarwal | Member/ | 1 | 1 | |
Executive Director | |||||
3. | Dr. Jagan Nath Chamber | Member/ | 1 | 1 | |
Independent Director | |||||
- 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.ace-cranes.com/public/front/pdf/CSR%20Policy-New%20Policy%202021.pdf
- 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): Not Applicable.
- 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 : NIL
- Average net profit of the Company as per section 135(5): ` 10459.09 Lakhs.
- (a) Two percent of average net profit of the Company as per section 135(5): ` 209.18 Lakhs.
- Surplus arising out of the CSR projects or programmes or activities of the previous financial years : NIL
- Amount required to be set off for the financial year : NIL
- Total CSR obligation for the financial year (7a+7b-7c):` 209.18 Lakhs
- (a) CSR Amount spent or unspent for the Financial Year:
Total amount | Amount unspent (` in Lakhs) | ||||||
spent for the | |||||||
Total amount transferred to | Amount transferred to any fund specified under | ||||||
Financial Year | |||||||
unspent CSR Account as per | Schedule VII as per second proviso to section 135 (5) | ||||||
(` in Lakhs) | |||||||
section 135 (6) | |||||||
Amount | Date of Transfer | Name of Fund | Amount | Date of Transfer | |||
254.00 | NIL | NA | - | NIL | NA | ||
(b) Details of CSR amount spent against ongoing projects for the financial year: NIL
Annual Report 2022-23 | 31 |
(c) Details of CSR amount spent against other than ongoing projects for the financial year:
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
S. No. | Name of the | Item from | Local | Location of | Amount | Mode of | Mode of Implementation | |
Project | the list of | area | the project. | spent for | Implementa | - Through Implementing | ||
activities in | (Yes / | (State and | the project | tion - Direct | Agency | |||
Schedule VII | No) | District) | (` in Lakhs) | (Yes/No) | ||||
CSR | ||||||||
to the Act. | ||||||||
Name | Registration | |||||||
number | ||||||||
Promoting | ACE | |||||||
health care | Haryana | Through | Emergency | |||||
1. | Health Services | including pre- | Yes | (Palwal/ | 228.00 | Implementing | Response | CSR00001903 |
ventive health | Faridabad) | Agency | Services | |||||
care. | Trust | |||||||
Special ed- | Shri | |||||||
Skill | ucation and | Through | ||||||
Haryana | Madhav | |||||||
2. | development | employment | Yes | 21.00 | Implementing | CSR00001685 | ||
(Panipat) | Jan Sewa | |||||||
Center | enhancing vo- | Agency | ||||||
Nayas | ||||||||
cation skills. | ||||||||
Swachh Bharat | Haryana | Through | Sambhar- | |||||
3. | Sanitation | Yes | 5.00 | Implementing | ye Founda- | CSR00013877 | ||
Abhiyan | (Palwal) | |||||||
Agency | tion | |||||||
Total | 254.00 | |||||||
- Amount spent in Administrative Overheads : NIL
- Amount spent on Impact Assessment, if applicable : NIL
- Total amount spent for the Financial Year (8b+8c+8d+8e) : ` 254.00 Lakhs.
- Excess amount for set off, if any : ` 44.82 Lakhs.
Sl. No. | Particular | (` in Lakhs) |
(i) | Two percent of average net profit of the company as per section 135(5) | 209.18 |
(ii) | Total amount spent for the Financial Year | 254.00 |
(iii) | Excess amount spent for the financial year [(ii)-(i)] | 44.82 |
(iv) | Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any | NIL |
(v) | Amount available for set off in succeeding financial years [(iii)-(iv)] | 44.82 |
- (a) Details of Unspent CSR amount for the preceding three financial years: The Company has no unspent CSR Amount for the preceding years.
- Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL
- In case of creation or acquisition of capital asset, furnish the details relating to the asset so created or acquired through CSR spent in the financial year : NIL
- Specify the reason(s), if the company has failed to spend two percent of the average net profit as per section 135(5): Not Applicable.
Sd/- | Sd/- | |
Place : Faridabad | Vijay Agarwal | Dr. Divya Singal |
Date : May 30, 2023 | Chairman & Managing Director | Chairman-CSR Committee |
32 Action Construction Equipment Limited
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