Page 97 - FBL AR 2019-20

CORPORATE STATUTORY FINANCIAL
OVERVIEW STATEMENTS STATEMENTS

Annexure VIII

Annual Report on Corporate Social Responsibility (CSR) Activities
[Pursuant to clause (o) of sub-section (3) of section 134 of the Act and Rule 9 of the Companies
(Corporate Social Responsibility Policy) Rules, 2014]

1. A brief outline of the Company’s CSR policy, including overview of projects or programs proposed to be undertaken and a reference to
the web-link to the CSR policy and projects or programs:
Continuing with the legacy of practicing CSR activities of our founder members, the Company has been committed to the cause
of CSR for many years. Over the years, CSR activities of the Company have diversified and expanded into new communities and in
turn benefitted more and more stakeholders. Today, our Company firmly believes that corporate citizens have a vital role to play in
empowering and enriching the communities and its stakeholders.
The CSR Policy of the Company is available on Company’s website at https://fermentabiotech.com/policies.php
Brief of CSR activities: Contribution towards betterment of blind and differently-abled persons, promoting animal welfare, promoting
rural development, promoting education.
2. The Composition of the CSR Committee:
The CSR Committee comprises of Mr. Sanjay Buch (Chairman), Mr. Vinayak Hajare, Mr. Krishna Datla, Mr. Satish Varma and Dr. Gopakumar
Nair.
3. Average net profit of the company for last three financial years: H9,040.85 Lakhs
4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above): Budgeted amount of H180.82 Lakhs towards CSR activities;
including administrative expenditure not exceeding 5% of the CSR expenditure as may be actually incurred in the FY 2019-2020.

5. Details of CSR spent during the financial year: H186.75 Lakhs
(a) Total amount to be spent for the financial year: H180.82 Lakhs
(b) Amount unspent, if any: NIL
(c) Manner in which the amount spent during the financial year is detailed below.
CSR project Sector Projects or Amount Amount spent Cumulative Amount spent:
or activity in programs outlay on the projects expenditure up Direct or
identified which (1) Local area or (budget) or programs to the reporting through
the other project or Sub – heads: period implementing
Project (2) Specify the programs wise (1) Direct agency
is covered State and district expenditure
where projects on projects or
or programs was programs
undertaken (2) Overheads
Promoting health Corneal implants, Thane, Maharashtra H81,19,100 Indirect H81,19,100 Indirect
care including heart surgeries, expenditure
preventive health wheelchairs in
care rehabilitation
centre
E-learning, Education Kullu, Himachal H15,53,623 Direct H96,72,723 Direct
promoting Pradesh expenditure on
education and projects
vocation skills
Contribution Social welfare Thane, H26,00,183 Indirect H1,22,72,906 Indirect
towards rural & Rural Maharashtra, Kullu, expenditure
development development Himachal Pradesh
& Dahej, Gujarat

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