REPORT ON CSR ACTIVITIES

[Pursuant to section 135 of the Companies Act, 2013 and Rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014]

1. A brief Outline of Company’s CSR Policy, including overview of projects or programmes undertaken/ proposed to be undertaken:

CSR is a commitment on the part of an organisation to adopt appropriate strategies and projects for the welfare of the people and society at large. The people and the society are the ultimate beneficiaries. The CSR activity covers the process by which an organisation develops and defines its relationship with the ultimate stakeholders contributing to the common good of the society.

The Companies Act, 2013 has introduced the idea of CSR to the forefront and through its “comply or explain” mandate. It mandates qualifying companies to constitute CSR Committee to effectively and efficiently monitor CSR activities of the company. Further the Companies (Corporate Social Responsibility Policy) Rules, 2014 lays down the framework and modalities of carrying out CSR activities which are specified in Schedule VII of the Act.

Exhibition Society has been incorporated under the provisions of Companies Act, 1956 and presently having its registered office at Mukarram Jahi Road, Exhibition Grounds, Hyderabad.  The Company set apart funds in form of reserves for development of various facilities for its owned educational Institutions

2. Composition of CSR Committee

The Company is not required to constitute CSR Committee.

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.

The CSR details are available on its website www.exhibitionsociety.com.

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).

          Not Applicable

5. 5.             Average net profits of the company for last three financial years
6. The average net profit of the Company for the last three financial years was Rs. 4,04,32,003/-
7. b) Two percent of average net profit of the Company as per Section 135(5). 8,08,640.06/-
8. c) Surplus arising out of the CSR projects or programmes or activities of the previous financial years. Rs. 23,17,070/-                               
9. d) Amount required to be set off for the financial year, if any – Nil
10. e) Total CSR obligation for the financial year. (Rs. 15,08,429.94/-)
11. (a) CSR amount spent or unspent for the financial year:

Total Amount Spent for the Financial Year (In Rs)	Amount Unspent (In Rs)
	Total Amount transferred to Unspent CSR Account as per section 135(6).		Amount transferred to any fund specified under Schedule VII as per second proviso to section 135(5).
	Amount	Date of Transfer	Name of the Fund	Amount	Date of Transfer
Rs. 13,79,300/-	–	–	–	–	–

 

(b) Details of CSR amount spent against ongoing projects for the financial year:

S.No

Name of the Project

Items from the List of activities in Sch VII to the Act

Local Area (Yes / No)

Location of the Project

Project Duration

Amt allocated for the Project

Amt spent in Current Financial Year

Amount transferred to Unspent CSR Account for the project as per Section 135(6) (in Rs.).

Mode of Implementation – Direct (Yes / No)

Mode of Implementation – Through Implementing Agency

Dist

State

Name

CSR Regn No

1.

Providing Education Assistance

Education

Yes

Hyderabad

Telangana

–

–

Rs. 13,79,300/-

–

Directly

–

–

 

(c) Details of CSR amount spent against other than ongoing projects for the financial year:

S.No	Name of the Project	Items from the List of activities in Sch VII to the Act	Local Area (Yes / No)	Location of the Project	Amt Spent for the Project (In Rs)	Mode of Implementation – Direct (Yes / No)	Mode of Implementation – Through Implementing Agency
							Name	CSR Regn No
			NIL

 

(d) Amount spent in Administrative Overheads: – Nil

(e) Amount spent on Impact Assessment, if applicable: – Nil

(f) Total amount spent for the Financial Year (8b+8c+8d+8e): Rs. 13,79,300/-

(g) Excess amount for set off, if any – Rs. 5,70,659.94/-

S.No	Particular	Amount (In Rs.)
i)	Two percent of average net profit of the company as per section 135(5)	Rs. 8,08,640.06
ii)	Total amount spent for the Financial Year	Rs. 13,79,300/-
iii)	Excess amount spent for the financial year [(ii)-(i)]	Rs. 5,70,659.94/-
iv)	Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any	Rs. 23,17,070/-
v)	Amount available for set off in succeeding financial years [(iii)-(iv)]	Rs. 28,87,729.94/-

 

9. (a) Details of Unspent CSR amount for the preceding three financial years:

S.No	Preceeding Financial Year	Amount transferred to Unspent CSR Account under section 135 (6) (in Rs.)	Amount spent in the reporting Financial Year (in Rs.).	Amount transferred to any fund specified under Schedule VII as per section 135(6), if any.			Amount remaining to be spent in succeeding financial years. (In Rs.)
				Name of the Fund	Amt (In Rs)	Date of Transfer
			Nil

 

(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):

S.No	Project Id	Name of the Project	Financial Year in which Project was commenced	Project Duration	Total Amt Allocated for the Project	Amt spent on the Project in the Reporting Financial Year	Cumulative Amt spent at the end of Reporting Financial Year	Status of the Project – Completed / Ongoing
				Nil

 

10. 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
11. Date of creation or acquisition of the Capital Asset
12. b) Amount of CSR spent for creation or acquisition of capital asset.
13. c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.
14. d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset).

 

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). NA

(Chief Executive Officer or Managing Director or Director).

(Chairman CSR Committee).

[Person specified under clause (d) of sub-section (1) of section 380 of the Act] (Wherever applicable).