Page 135 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Board's Report

Annexure 1 to Board’s Report (e) CSR amount spent or unspent for the Financial Year:
Annual Report on CSR Activities Total Amount Amount Unspent (in `)

[Pursuant to Section 135 of the Companies Act, 2013 (‘the Act’) & Rules made thereunder] 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 sub-section (5)
1. Brief outline on CSR Policy of the Company: 3. Provide the web-link(s) where Composition (in ` crore) sub-section (6) of section 135 of section 135
Tata Chemicals Limited (‘the Company’) is committed of CSR Committee, CSR Policy and CSR Amount Date of Transfer Name of the Fund Amount Date of Transfer
to upholding the highest standards of Corporate Social Projects approved by the Board are disclosed 15.51 NOT APPLICABLE
Responsibility (‘CSR’). The Company endorses the Tata on the website of the Company:
Group’s purpose of improving the quality of life of the https://www.tatachemicals.com/investors/investor-
communities it serves through long-term stakeholder value resources (f) Excess amount for set-off, if any:
creation. The Company believes in positively impacting
the environment and supporting the communities it 4. Provide the executive summary along with Sl. Particular Amount
operates in, and its objectives are aligned to United Nations web-link(s) of Impact Assessment of CSR No. (in ` crore)
Sustainable Development Goals (UN SDGs) focussing on Projects carried out in pursuance of sub-rule (1) (2) (3)
sustainability of its programmes and empowerment of (3) of rule 8, if applicable: (i) Two percent of average net profit of the Company as per sub-Section (5) of Section 135 13.39
its communities. The Company will conduct impact assessment of the
The Company has framed a CSR Policy in compliance with eligible projects upon their completion in terms of the (ii) Total amount spent for the Financial Year 15.51
the provisions of the Act, as amended, which is available Companies (Corporate Social Responsibility Policy)
on the Company’s website at https://www.tatachemicals. Amendment Rules, 2021. (iii) Excess amount spent for the Financial Year [(ii)-(i)] 2.12
com/CSRPolicy2021.htm. (iv) Surplus arising out of the CSR projects or programmes or activities of the previous Financial N.A.
The Company has been conducting impact assessments Years, if any
2. Composition of CSR Committee: voluntarily to monitor and evaluate its strategic CSR
programmes from time to time. During FY 2022-23, the (v) Amount available for set-off in succeeding Financial Years [(iii)-(iv)] 2.12
Sl. Name of Designation Number of Number of Company has undertaken an Impact Assessment study of
No. Director / Nature of meetings meetings
Directorship of CSR of CSR its Health and Nutrition Project at Amravati and Barwani
Committee Committee Districts. The study has been conducted by CRISIL, an
held during attended independent external agency. The study not only details 7. Details of Unspent Corporate Social Responsibility amount for the preceding three Financial Years:
the year during the
year the impact and the benefits accrued by the community, 1 2 3 4 5 6 7 8
1. Mr. S. Non-Executive 3 3 it also proposes some recommendations. The Impact Sl. Preceding Amount Balance Amount Amount Amount transferred to a Fund Amount Deficiency,
Padmanabhan Non-Independent Assessment Report of the study undertaken voluntarily No. Financial transferred to in Unspent CSR Spent in the as specified under Schedule remaining to if any
(Chairman) Director is uploaded on the website at: https://www.tatachemicals. Year(s) Unspent CSR Account under Financial VII as per second proviso to be spent in
2. Dr. C. V. Natraj Independent 3 3 com/investors/investor-resources Account under sub-Section (6) of Year (in `) sub-Section (5) of Section succeeding
Director sub-Section (6) of Section 135 135, if any Financial Years
3. Mr. R. Managing Director 3 3 Section 135 (in `) (in `)
Mukundan and CEO
(in `)
Amount Date of
5. (a) Average net profit of the Company as per sub-section (5) of section 135: ` 669.39 crore for the preceding three (in `) Transfer
financial years
NOT APPLICABLE
(b) Two percent of average net profit of the Company as per sub-section (5) of section 135: ` 13.39 crore

(c) Surplus arising out of the CSR Projects or programmes or activities of the previous financial years: N.A.
(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)]: ` 13.39 crore
6. (a) Amount spent on CSR Projects (both Ongoing Project and other than Ongoing Project): ` 14.88 crore

(b) Amount spent in Administrative Overheads: ` 0.53 crore
(c) Amount spent on Impact Assessment, if applicable: ` 0.10 crore

(d) Total amount spent for the Financial Year [(a)+(b)+(c)]: ` 15.51 crore

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