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CSR-ANNUAL-REPORT

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CSR-ANNUAL-REPORT

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  1. THE ANNUALREPORTONCSRACTIVITIES [Pursuant to clause(o) ofsub-section(3)ofsection 134oftheCompaniesAct, 2013and Rule 9 of the Companies(Corporate SocialResponsibility)Rules, 2014] I. BriefoutlineofCorporateSocialResponsibilityPolicyoftheCompany TheCompany’sCorporateSocialResponsibilityPolicyactsasaguidelinefortheCompany forundertakingCorporateSocialResponsibility (“CSR”)activitiesenumeratedunder Schedule VII of the Companies Act, 2013 and allied rules (hereinafter referred as “the Act”) is intended to support local communities on a variety of socially desirable activities with a view to enable high impact of and ensure visible and measurable outcomes of the funds deployed towards such activities. Scopeof theCSR Policy TheCompany’sCSRPolicy pertains toallactivities tobeundertakenby theCompany towards fulfilling its statutory CSR objectives and is available on the website of the Company athttp://www.icraonline.com/img/PDF/ICRON-CSR-01-Corporate-Social-Responsibility- Policy.pdf. CSRMission The Company will focus its CSR efforts on supporting education including skill development aswellas specific initiatives in the area of specialeducationand mental health. It may however, undertake and support projects/programmes in the other areas as may be approved by its Committee that also are permissible activities as per the relevant provisions of the Act. The Committee would prepare a plan of action during the first quarter of every Fiscal Year (FY),which would include purposes/ programmes/ projects to be supported during that FY and the amount to be allocated for this purpose, which would also form part of the policy for thatFYsubject to the approval of theBoard. II. Composition of CSRCommittee PursuanttotheprovisionsoftheAct,theCompanyhasdulyconstitutedtheCSRCommittee, comprisingof the followingmembers: Mr.A.K.Basu(Non-ExecutiveDirector) Ms.Diya Sawhny(Non-ExecutiveDirector) Ms. Sushmita Ghatak(ManagingDirector&C.E.O.) • ChairmanoftheCommittee • Member • Member III. TheAverageNetProfitoftheCompanyforprecedingthreefinancialyears(F.Y.2012-13, 2013-14and2014-15)isRs. 595.72Lakhs.

  2. IV. TheprescribedCSRExpenditure(twopercent.oftheamountasinItemIIIabove)isRs. 11.91Lakhs. V. DetailsofCSRspentduringthefinancialyear 2015-16: Total amount tobe spentforthefinancialyear 2015-16:Rs. 11.91Lakhs Amountunspent:N.A. Manner in whichAmount spent duringtheFinancialYearisdetailed below: VI.In case the Company has failed to spend two per cent of the average net profit of the last three financial years or any part thereof, the Company shall provide the reasons for not spendingthe amountinitsBoardreport: N.A.

  3. VII. The CSR Committee of the Company hereby confirms that the implementation and monitoring of CSR Policy, is in compliance with the CSR objectives and Policy of the Company. ForICRAOnlineLimited ForCSRCommitteeofICRAOnline Limited Sd/- SushmitaGhatak (ManagingDirector&C.E.O.) Sd/- Asit.K.Basu (ChairpersonoftheCSR Committee) Place: Gurgaon Date:May18,2016

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