Reliance Capital : CSR Report 2021-22

Reliance Capital Limited

Directors' Report

Annexure - C

Annual Report on Corporate Social Responsibilities (CSR) Activities

1. Brief outline on CSR Policy of the Company:
   The Company has a robust CSR Policy at group level. As per the said policy, all our efforts are focused towards two goals: building a great enterprise for the stakeholders and a great future for our country. Our approach is to interweave social responsibility into the Company's mainstream business functions through translating commitments into policies, which not only drive all employees but influence and mobilize stakeholders, especially partners and suppliers, to embrace responsible business practices in their respective spheres of action. The policy affirms business objectives and strategy along with our commitment to preserve natural resources and augment the growth and development of employees and families, the communities we operate in, suppliers /vendors, and our investors. Through the social policy manual, the Company seeks to engage with all the stakeholders, using it as a reference or guideline for all stakeholders and practitioners.
2. Composition of the CSR Committee:
   Pursuant to the RBI superseding the Board of Directors of the Company on November 29, 2021, all Committee's of the Company stand dissolved. Accordingly, the Administrator alongwith the Advisory Committee overlook the responsibility of the CSR Committee.
3. Web-linkwhere Composition of CSR committee, CSR Policy and CSR projects approved by the Board are disclosed on the website of the company
   Our CSR policy is placed on our website at the link https://www.reliancecapital.co.in/Committees.aspx and www.reliancecapital. co.in/pdf/Group_CSR_Policy_Document.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 (attach the report).
   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:

Sr.	Financial Year	Amount available for set-off from preced-	Amount required to be set-off for the
No.		ing financial years (in `)	financial year, if any (in `)

Nil

1. Average net profit of the company as per section 135(5) Nil (Loss of ` 1,10,580 lakh)
2. (a) Two percent of average net profit of the company as per section 135(5): Not Applicable in view of the losses
3. 1. Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Nil
   2. Amount required to be set off for the financial year, if any: Nil
   3. Total CSR obligation for the financial year (7a+7b-7c):Nil
4. (a) CSR amount spent or unspent for the financial year:

Total Amount Spent

for the Financial

Year (in `)

Amount Unspent (in `)

Total Amount transferred to Unspent	Amount transferred to any fund specified under Schedule
CSR Account as per Section 135(6)	VII as per second proviso to Section 135(5)
Amount	Date of transfer	Name of the fund	Amount	Date of transfer

Nil

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

											(` in lakh)
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)		(11)
Sl.	Name	Item from Local area	Location of	Project	Amount	Amount	Amount	Mode of	Mode of
No.	of the	the list of	(Yes/No)	the project	Duration	allocated	spent in	transferred to	Implemen-	Implementation
	Project	activities				for the	the current	Unspent CSR	tation	- Through
		in Schedule				project	financial	Account for the	Direct	Implementing
		VII to the				(in `)	year	project as per	(Yes/No)	Agency
		Act					(in `)	Section 135(6)
								(in `)
				State District						Name	CSR

Registration

number

Nil

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Reliance Capital Limited

Directors' Report

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

									(` in lakh)
(1)	(2)	(3)	(4)		(5)	(6)	(7)		(11)
Sl.	Name of the	Item from the list of	Local area	Location of the	Amount spent	Mode of	Mode of Implementation
No.	Project	activities in Schedule	(Yes/No)	project	in the current Implementation -	- Through Implementing
		VII to the Act				financial year	Direct (Yes/No)	Agency
						(in `)
				State	District			Name	CSR
									Registration
									number

Nil

1. Amount spent in Administrative Overheads: Nil
2. Amount spent on Impact Assessment, if applicable: Not Applicable
3. Total amount spent for the Financial Year (8b+8c+8d+8e): Nil
4. Excess amount for set off, if any: N.A.

Sr. No.	Particular	Amount (in `)
(i)	Two percent of average net profit of the company as per section 135(5)	Not Applicable

1. Total amount spent for the Financial year

1. Excess amount spent for the financial year [(ii)-(i)]
2. Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any

1. Amount available for set off in succeeding financial years [(iii)-(iv)]

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

Sr.	Preceding	Amount transferred to	Amount spent	Amount transferred to any	Amount remaining to
No.	Financial	Unspent CSR Account	in the reporting	fund specified under Schedule	be spent in succeeding
	Year	under section 135(6)	Financial Year	VII as per section 135(6),	financial years (in `)
		(in `)	(in `)		if any
				Name of	Amount	Date of
				the Fund	(in `)	transfer

1. 2020-21Not Applicable, as required CSR amount was spent.
2. 2019-20The Company in FY 2014-15 had committed to contribute by way of Corpus Donation an amount of
3. • 15,000 lakh over a period of 7 financial years to the Hospital Project towards Company's CSR initiative in the area of healthcare. Further, the Company extended an interest free loan towards CSR and the same is appropriately reflected in note no. 7 under gross advances. Any shortfall in the CSR spend is to be fully appropriated from the said interest free loan. The unspent CSR amount of ` 376 lakh for the financial year 2019-20 is to be accordingly dealt with. Further, the Company is restrained by various judicial orders from incurring expenses other than in the ordinary course of business.
4. 2018-19Not Applicable, as required CSR amount was spent.

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

(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
Sr.	Project	Name of	Financial Year	Project	Total amount	Amount spent on	Cumulative amount	Status of
No.	ID	the Proj-	in which the	duration	allocated for	the project in the	spent at the end of	the project -
		ect	project was		the project	reporting Financial	reporting Financial	Completed /
			commenced		(in `)	Year (in `)	Year (in `)	Ongoing

1. 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 (asset-wise details): No capital asset has been created or acquired during the financial year.
2. 1. Date of creation or acquisition of the capital asset(s): N.A.
   2. Amount of CSR spent for creation or acquisition of capital asset: N.A.
   3. Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.: N.A.
   4. Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset): N.A.
3. Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5).
   As there are no average net profits for the Company during the previous three financial years, no funds were set aside and spent by the Company towards Corporate Social Responsibility during the year under review.

	Nageswara Rao Y
May 10, 2022	Administrator of Reliance Capital Limited

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