ANNUAL REPORT ON CSR 2023-2024
ANNEXURE 3
Annual Report on Corporate Social Responsibility (CSR) Activities
Financial Year 1 April 2023 to 31 March 2024
- A brief outline of the CSR policy of the Company-
Objectives of the CSR Policy of the Company are to define the framework for undertaking CSR activities for achieving the CSR objectives of Narayani Gems and Ornaments Private Limited to lay down the guiding principles with respect to the following-
- CSR Spend
- Identification of CSR Projects
- Mode of Implementation of the CSR Projects
- Formulation of an Annual report on CSR for Financial Year 2023-2024
- Manner of implementation of CSR Projects
- Manner of monitoring Mechanism of the CSR spending concerning the CSR Projects undertaken by the Company
The following are the CSR objectives of the Company:
As per the CSR Policy formulated by the Company, the following activities are proposed to be undertaken by the Company towards CSR spending:
- To attain its CSR objectives in a professional and integrated manner, the Company shall from time to time undertake the activities enumerated under Schedule VII of the Companies Act, 2013, as amended from time to time or such other activities as may be notified by the Ministry of Corporate Affairs from time to time, as may be approved by the Board of Directors of the Company.
- For undertaking CSR activities and programmes, preference shall be given to the areas where it has strong employee presence. It may also be opted to undertake CSR activities and programmes at other places in India. Depending on the programmes, activities and needs, long-term, medium-term, and short-term CSR activities may be undertaken.
- CSR activities shall not include activities undertaken by the Company during the normal course of its business.
- Composition of the CSR Committee (as on March 31, 2024)
| Sl. No. | Name of Director | Designation / Nature of Directorship | No. of meetings of CSR Committee held during the year | No. of meetings of CSR Committee attended during the year |
| Due to CSR liability less than 50 lakh i.e. No need to constitute CSR Committee for respective period | NA | NA | ||
| Provide the web links where composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company. | : www.narayanijewellers.com |
| 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 |
| 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. | : Nil |
| Average net profit of the Company as per Sec 135(5) | : INR 54,514,024 |
| (a) Two percent of average net profit of the Company as per Section 135(5) | : INR 10,90,280 |
| (b) Surplus arising out of the CSR projects or programmes or activities of the previous financial years | : Nil |
| (c) Amount required to be set-off for the financial year, if any | : Nil |
| (d) Total CSR obligation for the financial year (7a+7b-7c) | : INR 10,90,280 |
- (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 in Rs. | Date of transfer | |
| 8,20,000 | 2,70,280 | September 10, 2024 | Not Applicable | Nil | Not Applicable |
(b) Details of CSR amount spent against ongoing projects for the financial year:
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | |||||||
| Sl. No | Name of the Project | Item from the list of activities in Schedule VII to the Act | Local area (Yes/ No) | Location of the project | Project duration | Amount allocated for the project (in Rs.) | Amount spent in the current Financial Year (in Rs.). | 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 | |||||||
| State | District | Name | CSR Registra-tion Number | ||||||||||||||
| 1. | Donation to Sri Saraswathi Shishu Mandir High School for Construction/ Renovation of Toilets/Wash rooms The Company may also undertake / fund project, programs or activities of the following nature and also undertake such other activities as may be approved by the board as is falling under schedule VII of the Act 2013: Construction of Toilets and maintenance thereof. (Sanitation) | (i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water. | Yes | Telangana | Hyderabad | 2 Years (FY 2023-24 to FY 2024-25 | 4,93,180 | 2,22,900 | 2,70,280 | Yes | – | – | |||||
(c)Details of CSR amount spent against other than ongoing projects for the financial year:
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | ||
| Sl. No | Name of the Project | Item from the list of activities in Schedule VII to the Act | Local area (Yes/No) | Location of the project | Amount spent/incurred for the project (in Rs.). | Mode of implementation Direct (Yes/No) | Mode of implementation – Through implementing agency | ||
| State | District | Name | CSR Registration Number | ||||||
| 1. | Providing contribution to the Bhagwan Mahavir Dialysis centre for Dialysis services | (i) Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swach Bharat Kosh set-up by the Central Government for the promotion of sanitation and making available safe drinking water. | Yes | Telangana | Hyderabad | 5,97,100 | No | Bhagwan Mahavir Jain Relief Foundation Trust | CSR00005629. |
| (d) | Amount spent on Administrative Overheads | : Nil |
| (e) | Amount spent on Impact Assessment, if applicable | : Not Applicable |
| (f) | Total amount spent for the Financial Year(8b+8c+8d+8e) | : INR 10,90,280 |
(g) | Excess amount for set off, if any | |||||
| Sl. No. | Particulars | Amount (in Rs.) | ||||
| (i) | Two percent of average net profit of the Company as per section 135(5) | 10,90,280 | ||||
| (ii) | Total amount spent for the financial year | 10,90,280 | ||||
| (iii) | Excess amount spent for the financial year [(ii)-(i)] | Nil | ||||
| (iv) | Surplus arising out of the CSR projects or programme or activities of the previous financial years, if any | Nil | ||||
| (v) | Amount available for set off in succeeding financial years | Nil | ||||
9. (a) Details of unspent CSR amount for the preceding three financial years:
| Sl. No. | Preceding 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 | Amount (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): Not Applicable
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
| Sl. No. | Project ID | Name of the Project | Financial year in which the project was commenced | Project duration | Total amount allocated for the project (in Rs.) | Amount spent on the project in the reporting Financial Year (in Rs) | Cumulative amount spent at the end of reporting Financial Year (in Rs.) | Status of the projects – completed /ongoing |
| Nil | ||||||||
10. In case of the creation or acquisition of a capital asset, the details relating to the asset so created or acquired through CSR spent in the financial year (asset-wise details)
| a) Date of creation or acquisition of the capital asset(s) | : Nil |
| c) Details of the entity, public authority, or beneficiary under whose name such capital asset is registered, their address, etc. | : Nil |
| c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc. | : Nil |
| d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). | : Nil |
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
| For, Narayani Gems and Ornaments Private Limited | |
| _____________________ Vipin Kumar Agarwal DIN: 03120304 Director Date: September 10, 2024 Place: Hyderabad | ____________________ Amit Agarwal DIN: 03512555 Director Date: September 10, 2024 Place: Hyderabad |
