CSR Policy and report Excerpt

About CSR Policy

The CSR Policy has been formulated and adopted in terms of Section 135 of the Companies Act, 2013 and the Rule/ classification made there under. CORPORATE SOCIAL RESPONSIBILITY POLICY “Here whatever hour you come, you will find light and help and human kindness”.

Objectives

Breach Candy Hospital Trust (BCHT) is committed to support the needs of underprivileged sections of the society and thereby undertakes corporate social responsibility initiatives in accordance with the terms of Section 135 of the Companies Act, 2013 and the Rules/ guidelines stated in Schedule VII of the Companies Act 2013 (as amended from time to time).

Role of Board of Trustees

The role of the Board with respect to CSR is as under:

Review the recommendations in respect of annual budget for CSR Disclose contents of the policy in the Hospital’s Annual Report/website; and Ensure that the Hospital spends/transfers in every financial year, at least two percentage of the average net profits made during the three immediately preceding financial years of the Hospital on CSR activities.

Monitoring

CSR Committee will institute a transparent monitoring mechanism for implementation of CSR Projects or programs undertaken by the selected Trust/ Association/Institution by calling for account of deployment from the said Trust / Association / Institution.

Disbursement of CSR budget

The Hospital Trust will undertake all or any of the permitted CSR activities through an established Trust/Association/Institution.

Process for undertaking CSR activities

The following procedure will be adhered to while funding CSR activities. The annual amount of contribution will be paid to the selected Trust/ Association/ Institution. Employees of BCHT or their families will not be eligible for any benefit under this.

Role of CSR Committee

The CSR Committee will play the following role in fulfilling BCHT’s CSR objectives: Recommendation of the project/ program to be undertaken within the long term vision and strategy in respect of CSR activities, amount of expenditure to be incurred, types of activities, roles and responsibilities of various stakeholders etc. Formulation of a monitoring mechanism for ensuring implementation of the projects/programs undertaken or the end use of the amount spent by it towards CSR activities. The contribution will be made for any activities undertaken within India. The Committee will give preference to the local areas around it where it operates in spending the amount earmarked for CSR activities.

Dissemination of Information

The CSR Committee will report to the Managing Committee from time to time, the status of the CSR activities undertaken by it along with the report on the impact created by such projects/ activities.

The Hospital would upload this Policy on its website www.breachcandyhospital.org Further, detailed status report on the CSR activities carried out by the hospital will be disclosed every year as part of the Annual Report. The said information will also be uploaded on the website of the Company.

CSR Committee

The Composition of the CSR Committee

Sr No.	Name of Director	Designation/Nature of Directorship	Number of meetings of CSR Committee held during the year	Number of meetings of CSR Committee attended during the year
1.	Mr. Suresh L Goklaney	Chairman	1	1
2.	Mrs. Kulsum Dubash	Member	1	1
3.	Mr. Deepak Parekh	Member	1	1

About CSR Activities

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.

Breach Candy Hospital Trust has formulated and adopted CSR policy in terms of sec 135 of the Companies Act, 2013 and the Rules/classification made thereunder. The Hospital has set up CSR Committee consisting of 3 Trustees.

The objective is to support the needs of the underprivileged sections of the society and thereby undertake CSR initiatives in accordance with the terms of the sec 135 of the Companies Act 2013 and the Rules/guidelines stated in Schedule VII of the Companies Act 2013.

B) The projects considered for funding are-
Providing care during child’s cancer treatment, helping people with Intellectual Disabilities, malnutrition control for children residing in slums and flood relief.

C) The details of the CSR Committee, CSR policy and CSR projects approved by the Committee is available in the “About” section of the website of www.breachcandyhospital.org.

D) The Composition of the CSR Committee

Sr. No.	Name of Director	Designation/Nature of Directorship	Number of meetings of CSR Committee held during the year	Number of meetings of CSR Committee attended during the year
1.	Mr. Suresh L. Goklaney	Chairman	1	1
2.	Mrs. Kulsum Dubash	Member	1	1
3.	Mr. Deepak Parekh	Member	1	1

CSR Activities

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.

Breach Candy Hospital Trust has formulated and adopted CSR policy in terms of sec 135 of the Companies Act, 2013 and the Rules/classification made thereunder. The Hospital has set up CSR Committee consisting of 3 Trustees.

The objective is to support the needs of the underprivileged sections of the society and thereby undertake CSR initiatives in accordance with the terms of the sec 135 of the Companies Act 2013 and the Rules/guidelines stated in Schedule VII of the Companies Act 2013.

b) The projects considered for funding are-
Providing care during child’s cancer treatment, helping people with Intellectual Disabilities, malnutrition control for children residing in slums and flood relief.

c) The details of the CSR Committee, CSR policy and CSR projects approved by the Committee is available in the “About” section of the website of www.breachcandyhospital.org.

d) The Composition of the CSR Committee

Sr. No.	Name of Director	Designation/Nature of Directorship	Number of meetings of CSR Committee held during the year	Number of meetings of CSR Committee attended during the year
1.	Mr. Suresh L. Goklaney	Chairman	1	1
2.	Mrs. Kulsum Dubash	Member	1	1
3.	Mr. Deepak Parekh	Member	1	1

e)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 – N/A.Please see note (s) below for explanation.

f) 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. No	Financial Year	Amount available for set-off from preceding financial years (in Rs.)	Amount required to be setoff for the financial year, if any (in Rs.)
1.	2022-23	NIL	NIL

g) Average net profit of the company for last three financial years as per section 135(5)

Rs Nil (previous year- Rs Nil)

h)

(i) Two percent of average net profit of the company as per section 135(5)-Nil (PY Rs Nil).

(ii) Surplus arising out of the CSR projects or programmes or activities of the previous financial years is Nil.

(iii) Amount required to be set off for the financial year, if any Nil.

(iv) Total CSR obligation for the financial year [(h (i) +h (ii) – h (iii)] Nil (PY Rs Nil Lacs).

(i) 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	Date of Transfer
Rs NIL	NIL	N/A	N/A	NIL	N/A

j) Details of CSR amount spent against ongoing projects for the financial year: Nil

(1)	(2)	(3)	(4)	(5)		(6)	(7)		(8)	(9)	(10)	(11)
Sr. 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. Lacs)		Amount spent in the current financial Year (in Rs. Lacs).	Amount transferred to Unspent CSR Account for the project as per Section 135(6) (in Rs.).	Mode of Implemen- tation - Direct (Yes/No)	Mode of Implementation - Through Implementing Agency
				State	District							Name	CSR Reg. No.
1.	-	-	-	-	-	-	-	-		-	-	-		-
2.	-	-	-	-	-	-	-	-		-	-	-		-

“Ongoing Project” means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification;

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

(1)	(2)	(3)	(4)	(5)		(6)	(7)	(8)
Sr. 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 for the Project	Mode of Implemen- tation - Direct (Yes/No)	Mode of Implementation - Through Implementing Agency
				State	District			Name	CSR Reg. No.
2.	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

l) Amount spent in Administrative Overheads - Nil.

m) Amount spent on Impact Assessment, if applicable - Nil.

n) Total amount spent for the Financial Year (j+k+l+m) Rs Nil (PY - Nil)

o) Excess amount for set off, if any.

Sr. No.	Particular	Amount (in Rs.)
1.	Two percent of average net profit of the company as per section 135(5)	NIL
2.	Total amount spent for the Financial Year	NIL
3.	Excess amount spent for the financial year [(2)-(1)]	NIL
4.	Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any	N/A
5.	Amount available for set off in succeeding financial years [(3)-(4)]	N/A

p) Details of Unspent CSR amount for the preceding three financial years:

Sr.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
1.	NIL	NIL	NIL	N/A	NIL	N/A	N/A

“Administrative overheads” means the expenses incurred by the company for ‘general management and administration’ of Corporate Social Responsibility functions in the company but shall not include the expenses directly incurred for the designing, implementation, monitoring, and evaluation of a particular Corporate Social Responsibility project or programme;

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

Sr. 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 project - Completed /Ongoing.
1.	-	N/A	-	-	-	-	-	-

r) 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) -

Date of creation or acquisition of the capital asset(s). – N/A.
Amount of CSR spent for creation or acquisition of capital asset. – N/A.
Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc. – N/A.
Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset). – N/A.

s) Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5). – The unprecedented Covid 19 pandemic had adversely affected the operations of the Hospital with poor utilization of all its facilities resulting in negative financial results. Besides this, the Notifications which were issued by Govt. of Maharashtra from time to time fixing tariff control on treatment of Covid/Non Covid patients had also resulted in the hospital’s average Net loss making it unable to spend on CSR as per the prescribed rules.

Sd/-

(Chief Executive Officer)

Sd/-

(Chairman, CSR Committee)

Policy