Action Construction Equipment : Annual Report on CSR Activities 2022-23

Annexure-IV of Board's Report

Format for the Annual Report on CSR Activities for

Financial Year ended March 31, 2023

1. Brief outline on CSR Policy of the Company: The Company's focus area is health services. The projects undertaken are within the broad framework of Schedule VII of the Companies Act, 2013. Brief outline on CSR Policy is given in CSR policy of the Company which has been uploaded on the website of the Company and can be accessed at www.ace-cranes.com.
2. Composition of CSR Committee:

S. No.	Name of Members	Designation / Nature of		No. of Meetings
Directorship	Held		Attended
1.	Dr. Divya Singal	Chairman/	1		1
	Independent Director
2.	Mrs. Mona Agarwal	Member/	1		1
	Executive Director
3.	Dr. Jagan Nath Chamber	Member/	1		1
Independent Director

1. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the Board are disclosed on the website of the Company: https://www.ace-cranes.com/public/front/pdf/CSR%20Policy-New%20Policy%202021.pdf
2. 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.
3. 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
4. Average net profit of the Company as per section 135(5): ` 10459.09 Lakhs.
5. (a) Two percent of average net profit of the Company as per section 135(5): ` 209.18 Lakhs.
6. 1. Surplus arising out of the CSR projects or programmes or activities of the previous financial years : NIL
   2. Amount required to be set off for the financial year : NIL
   3. Total CSR obligation for the financial year (7a+7b-7c):` 209.18 Lakhs
7. (a) CSR Amount spent or unspent for the Financial Year:

Total amount			Amount unspent (` in Lakhs)
spent for the
Total amount transferred to		Amount transferred to any fund specified under
Financial Year
unspent CSR Account as per		Schedule VII as per second proviso to section 135 (5)
(` in Lakhs)
section 135 (6)
	Amount	Date of Transfer	Name of Fund		Amount	Date of Transfer
254.00	NIL	NA		-		NIL	NA

(b) Details of CSR amount spent against ongoing projects for the financial year: NIL

Annual Report 2022-23	31

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

(1)	(2)	(3)	(4)	(5)	(6)	(7)		(8)
S. No.	Name of the	Item from	Local	Location of	Amount	Mode of	Mode of Implementation
	Project	the list of	area	the project.	spent for	Implementa	- Through Implementing
		activities in	(Yes /	(State and	the project	tion - Direct	Agency
		Schedule VII	No)	District)	(` in Lakhs)	(Yes/No)
			CSR
		to the Act.
						Name	Registration
								number
		Promoting					ACE
		health care		Haryana		Through	Emergency
1.	Health Services	including pre-	Yes	(Palwal/	228.00	Implementing	Response	CSR00001903
		ventive health		Faridabad)		Agency	Services
		care.					Trust
		Special ed-					Shri
	Skill	ucation and				Through
		Haryana		Madhav
2.	development	employment	Yes	21.00	Implementing	CSR00001685
(Panipat)	Jan Sewa
	Center	enhancing vo-			Agency
				Nayas
		cation skills.
	Swachh Bharat			Haryana		Through	Sambhar-
3.	Sanitation	Yes	5.00	Implementing	ye Founda-	CSR00013877
Abhiyan	(Palwal)
				Agency	tion
Total					254.00

1. Amount spent in Administrative Overheads : NIL
2. Amount spent on Impact Assessment, if applicable : NIL
3. Total amount spent for the Financial Year (8b+8c+8d+8e) : ` 254.00 Lakhs.
4. Excess amount for set off, if any : ` 44.82 Lakhs.

Sl. No.	Particular	(` in Lakhs)
(i)	Two percent of average net profit of the company as per section 135(5)	209.18
(ii)	Total amount spent for the Financial Year	254.00
(iii)	Excess amount spent for the financial year [(ii)-(i)]	44.82
(iv)	Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any	NIL
(v)	Amount available for set off in succeeding financial years [(iii)-(iv)]	44.82

1. (a) Details of Unspent CSR amount for the preceding three financial years: The Company has no unspent CSR Amount for the preceding years.
2. 1. Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s): NIL
3. 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 : NIL
4. Specify the reason(s), if the company has failed to spend two percent of the average net profit as per section 135(5): Not Applicable.

	Sd/-	Sd/-
Place : Faridabad	Vijay Agarwal	Dr. Divya Singal
Date : May 30, 2023	Chairman & Managing Director	Chairman-CSR Committee

32 Action Construction Equipment Limited