Annual CSR

ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY
[Pursuant to Section 134 (3) (o) of the Act and Rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014]

  1. A brief outline of the Company’s CSR policy, including overview of projects or programs proposed to be undertaken.

    (a) The objective of the company is to contribute to the social, health related, economic development of the communities,
    animal welfare, sports and education, so as to promote sustained growth for the society and community and in particulars
    take up the activities as included in Schedule VII of the Companies Act, 2013.

    (b) The CSR Committee facilitates the Annual CSR action plan containing the clear terms of reference outlining the key tasks,
    duration of assignment, allocation of budget for different projects, method of implementation and review. The CSR budget
    shall be according to Companies Act, 2013.

    (c) Any surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of the
    Company. Any unpsent amounts shall be dealt with in accordance with the provisions of Companies Act, 2013 as amended
    from time to time. Any unspent amount, other than unspent amount relating to an ongoing project, will be transferred to a
    Fund specified in Schedule VII, within a period of six months of the expiry of the financial year

    (d) Project activities identified under CSR are to be implemented by agencies, which would include- Voluntary Organizations
    (VOs) formal or informal Elected local bodies such as Panchayats etc., Institutes/ Academics Institutions, Trusts, Hospitals, Self
    Help Groups, Govt./Semi Govt./Autonomous Organizations, Mahila Mandals, Professional Consultancy Organizations etc.

    (e) The Corporate Social Responsibility activities undertaken by the Company will be monitored by the Corporate Social
    Responsibility Committee duly constituted by the Board. The committee will be responsible to institute a transparent
    monitoring mechanism for implementation of the CSR projects or programs or activities undertaken by the company.

    During the year 2020-21, the Company had identified certain projects/activities on which the CSR expenditure for the financial
    year was made. The activities included promoting education and health care including preventive health care, facilities for
    senior citizens and measures for reducing inequalities faced by socially and economically backward groups, animal welfare etc.

  2. Composition Of The Corporate Social Responsibility (CSR) Committee:
  3. 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.bcl.ind.in/wp-content/uploads/2021/05/csr-policy-bcl-2021.pdf
  4. 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: Not Applicable
  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
  6. Average net profit of the company for last three financial years as per Section 135(5) of the Companies Act, 2013, (Rs. in lakhs) : Rs. 3615.48 Lakhs
  7. Prescribed CSR Expenditure (two per cent of the amount as in item 6 above) i.e. Two percent of average net profit of the Company as per Section 135(5) of the Act for the Financial Year 2020-21
    1. Two percent of average net profit of the Company as per Section 135(5) of the Act for the Financial Year 2020-21: (Two per
      cent of Rs. 3615.487 Lakhs): Rs. 72.31 Lakhs
    2. Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Nil
    3. Amount required to be set off for the Financial Year, if any: -Nil
    4. Total CSR obligation for the Financial Year (a+b-c): Rs. 72.31 Lakhs
  8. (a) CSR amount spent or unspent for the financial year:

    (b) Details of CSR amount spent against ongoing projects for the financial year:: Not Applicable
    (c) Details of CSR amount spent against other than ongoing projects for the financial year:
    (d) Amount spent in Administrative Overheads- Nil
    (e) Amount spent on Impact Assessment, if applicable- Not Applicable
    (f) Total amount spent for the Financial Year- Rs. 75.07 Lakhs.
            (8b+8c+8d+8e)
    (g) Excess amount for Set off, if any
  9. (a) Details of Unspent CSR amount for the preceding three financial years : Nil/ N.A.
    (b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): Not Applicable
  10. In case of creation or acquisition of capital asset, furnish the details relating to the asset so created acquired through CSR spent
    in the financial year (asset-wise details). – Not Applicable
    (a) Date of creation or acquisition of the capital asset(s). – NA
    (b) Amount of CSR spent for creation or acquisition of capital Asset – NA(c) D etails of the entity or public authority or beneficiary under whose name such capital asset is registered, their address
    etc. – NA
    (d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).- NA
  11. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5). – Not Applicable