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Shaping the future of software driven business
Report of the Directors •
125
them for effective discharge of the social responsibility of your Company.
The Composition of the CSR Committee as on March 31, 2019 was as follows:
a.
Mr. Pradeep Bhargava, Chairman of the Committee and Independent Director
b.
Dr. Anand Deshpande, Chairman and Managing Director
c.
Prof. Deepak Phatak, Independent Director
d.
Mr. Prakash Telang, Independent Director
3. Average net profit of the Company for last three financial years for the purpose of calculating prescribed CSR
expenditure to be made during financial year 2018-19 under Section 135(5) of the Companies Act, 2013:
(In
`
Million)
Financial Year
Net profit
2017-18
4,454.44
2016-17
3,943.00
2015-16
3,464.56
Total
11,862.00
Average Net Profit for last three financial years:
`
3,954.00 Million
4. Prescribed CSR expenditure
Two percent of average net profit of the Company for last three financial years:
`
79.08 Million
5. Details of CSR spent during the financial year
a.
Total amount to be spent for FY 2018-19:
`
79.08 Million
Actual amount spent during FY 2018-19:
`
80.36 Million
b.
Amount unspent, if any: Nil.
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