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Annual Report 2016-17
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6.
In case, the Company has failed to spend the two percent of the average net proot of the last three onancial years
or any part thereof, the Company shall provide the reason for not spending the amount in its Board’s report :
Not applicable
7. Responsibility statement of CSR Committee:
:e hereby conorm that the implementation and monitoring of CSR policy is in compliance with Company’s CSR
objective and CSR Policy of the Company
On behalf of the Board of Directors
Dr. Anand Deshpande
Pradeep Bhargava
Chairman and Managing Director
Chairman of the CSR Committee
Pune, May 30, 2017