PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

33 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Annexure - 3 ANNEXURE - II ANNUAL REPORT ON CSR ACTIVITIES 1. Brief outline on CSR Policy of the Company: Privi Speciality Chemicals Limited (formerly known as Fairchem Speciality Limited) is dedicated to the cause of social development. Through our Corporate Social Responsibility (CSR) initiatives, Privi is committed to bring positive and sustainable change in the lives of people living in the vicinity of our manufacturing facilities and administrative offices. We strive to attain sustainable development of society by active engagement with community and capability development of people. We attain this by providing direct benefit to the concerned, making people self-reliant, focus on grass-root issues of community, empowerment, training and guidance, and facilitative support. All projects are identified as per the prevalent needs of the society. Primarily we focus on areas such as Education, Health & Hygiene and Environment Sustainability. 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. Anuradha Thakur Independent Director 2 2 2. Anurag Surana Independent Director 2 2 3. Rajesh Budhrani Independent Director 2 2 4. Sumit Maheshwari* Nominee Director 2 2 5. Doppalapudi Bhaktavatsala Rao Executive Director 2 2 * Ceased to be Member of CSR Committee and Nominee Director w.e.f. April 29, 2021 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: http://www.privi.com/investor-relations/corporate-governance/company-policies 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). The team implementing the CSR initiatives carries out impact assessment also. 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 Sl. No. Financial Year Amount available for set-off from preceding financial years (in ` ) Amount required to be set-off for the financial year, if any (in ` Lakhs) 1 2020-2021 NIL 77.21 TOTAL 77.21 6. Average net profit of the Company as per section 135(5): ` 8,143.55 Lakhs 7. (a) Two percent of average net profit of the company asper section 135 (5): ` 162.87 Lakhs (b) Surplus arising out of the CSR projects or programmers or activities of the previous financial years: Nil (c) Amount required to be set off for the financial year, if any: Nil (d) Total CSR obligation for the Financial year (7a+7b-7c): ` 162.87 Lakhs