Page 88 - Kolte Patil AR 2019-20

ANNEXURE IV

Corporate Social Responsibility (CSR)
[Pursuant to clause (o) of sub-section (3) of section 134 of the Act and
Rule 8 of the Companies (Corporate Social Responsibility) Rules, 2014]

1. A brief outline of the Company’s CSR policy, including overview of projects or The CSR Committee has formulated CSR policy to
programs proposed to be undertaken and a reference to the web-link to the spend CSR corpus on primary on education and
CSR policy and projects or programs to develop rural area preference would be villages
nearby company’s project.
CSR policy can be accessed at:
https://www.koltepatil.com/assets/uploads/
corporate_governance/157190905294663790.pdf
2. The Composition of the CSR Committee Mr. Umesh Joshi – Chairman
Mr. Jayant Pendse – Member
Mr. Prakash Gurav – Member
Mr. G L Vishwanath – Member
Mrs. Manasa Vishwanath – Member
Mr. Milind Kolte - Member
3. Average net profit of the company for last three financial years C12,822 Lakhs
4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above) C 256 Lakhs
5. Details of CSR spent during the financial year
(a) Total amount spent for the financial year C 404 Lakhs
(b) Amount unspent Not Applicable
6. Reasons for not spending the amount Not Applicable
7 A responsibility statement of the CSR Committee that the implementation and monitoring of CSR Policy, is in compliance with CSR
objectives and Policy of the Company
“The implementation and monitoring of Corporate Social Responsibility (CSR) Policy, is in compliance with CSR objectives and policy
of the Company.”

For the Board of Directors,

Rajesh Patil Umesh Joshi
Chairman and Managing Director Independent Director
DIN 00381866 DIN: 02557162
Date: 23 June 2020
Place: Pune

86 | Kolte-Patil Developers Limited