V-GUARD VIC 2.0 Induction Cooktop Programmed Indian Cooking Instruction Manual

V-GUARD VIC 2.0 Induction Cooktop Programmed Indian Cooking

Product Information

Specifications

• Product Name: Annual Report on Corporate Social Responsibility (CSR) Activities
• Program Heads: Edu-care and Skill Development Programs, Health Care Programs, Build India & Relief
• Focus Areas: Promotion of education and skill development, providing health care services to the economically backward people, improving the quality of life of socially and economically backward people, undertaking livelihood enhancement projects, providing support to differently-abled children, activities to minimize environmental impacts, providing drinking water and sanitation facilities at schools, etc.

Composition of CSR Committee

• Chairman: Mr. Mithun K Chittilappilly
• Members: Mr. Cherian N Punnoose, Mr. George M Jacob
• Number of meetings held during the year: 3
• Number of meetings attended during the year: 2

CSR Committee Information

• Weblink for CSR Committee and CSR Policy: https://www.vguard.in/uploads/policies/CSR-Policy.pdf
• Weblink for CSR Projects: https://www.vguard.in/uploads/downloads/Annexure-3-CSR-AnnualAction-Plan.pdf

CSR Obligation

• Average net profit of the Company: 27338.59 Lakhs
• Two percent of the average net profit of the company: 546.77 Lakhs
• Surplus arising out of the CSR projects or programs or activities of the previous financial years: 0.00 Lakhs
• Amount required to be set off for the financial year: 0.00 Lakhs
• Total CSR obligation for the financial year: 546.77 Lakhs

Amount Spent on CSR Projects

• Amount spent on ongoing and other than ongoing projects: 543.36 Lakhs
• Amount spent in Administrative Overheads: 6.70 Lakhs
• Amount spent on Impact Assessment: N. A.
• Total amount spent for the Financial Year: 550.06 Lakhs

CSR Amount Spent or Unspent for the Financial Year

• Total Amount Spent for the Financial Year: 550.06 Lakhs
• Amount Unspent: 0.00 Lakhs
• Total Amount transferred to Unspent CSR Account: N. A.

Product Usage Instructions

Edu-care and Skill Development Programs

These programs aim to promote education and skill development. The company focuses on initiatives that enhance the quality of education and provide skill training to individuals. To participate in these programs, please visit the company’s website for more information.

Health Care Programs

The health care programs offered by the company aim to provide medical services to economically backward individuals. The focus is on improving the overall health and well-being of the community. To access these programs, please refer to the company’s website.

Build India & Relief

This program focuses on improving the quality of life for socially and economically backward people. It includes initiatives such as livelihood enhancement projects, support for differently abled children, environmental impact reduction activities, and providing drinking water and sanitation facilities at schools. For more details on participating in this program, visit the company’s website.

Frequently Asked Questions (FAQ)

• Q: Where can I find the CSR Committee and CSR Policy?
  A: You can find the CSR Committee and CSR Policy on the company’s website. The weblink is: https://www.vguard.in/uploads/policies/CSR-Policy.pdf.

• Q: How can I access the CSR Projects?
  A: The CSR Projects can be accessed through the company’s website. The weblink is: https://www.vguard.in/uploads/downloads/Annexure-3-CSR-AnnualAction- Plan.pdf.

• Q: How much is the CSR obligation for the reporting period?
  A: The CSR obligation for the reporting period is calculated as two percent of the average net profit of the company, which amounts to 546.77 Lakhs.

• Q: How do I participate in the CSR programs?
  A: To participate in the CSR programs, please visit the company’s website and refer to the specific program you are interested in. The website provides detailed information on how to get involved.

• Q: What is the amount spent on CSR projects?
  A: The amount spent on CSR projects for the financial year, including ongoing and other than ongoing projects, is 550.06 Lakhs.

• Q: Where can I find more information about the CSR activities?
  A: For more information about the CSR activities, including details of impact assessment and the overall CSR initiatives of the company, please refer to the Annual Report 2022-23 available on the company’s website.

Brief outline on CSR policy of the Company

• The CSR Policy of the Company has been formulated and adopted pursuant to Section 135 of the Companies Act, 2013 (the Act) and the Rules made thereunder. The Company undertakes CSR activities specified in the CSR Policy which is in line with the Schedule VII to the Act. Activities are predominantly carried out in the areas where the Company’s offices or units are located. The Company has formed a Section 8 Company, M/s. V-Guard Foundation, which is the principal arm in implementing various CSR programs/ projects.
• The Company’s CSR activities are carried under three broad program heads i.e., Edu-care and Skill Development Programs, Health Care Programs and Build India & Relief. During the year under review, focus was given on promotion of education and skill development, providing health care services to the economically backward people, improving the quality of life of socially and economically backward people, undertaking livelihood enhancement projects, providing support to differently abled children, activities to minimize environmental impacts, providing drinking water and sanitation facilities at schools, etc.

Composition of CSR Committee

Sl 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. Mithun K Chittilappilly| Chairman| 3| 2
2.| Mr. Cherian N Punnoose| Member| 3| 3
3.| Mr. George M Jacob| Member| 3| 3
4.| Mr. B Jayaraj*| Chairman| 3| 2

Mr. B Jayaraj retired from the Board of Directors of the Company with effect from July 28, 2022, consequently, he ceased to be the Chairman of the CSR Committee and Mr. Mithun K Chittilappilly was appointed as the Chairman of the Committee with effect from July 28, 2022
Weblink where the composition of the CSR committee, CSR Policy, and CSR Projects approved by the board are disclosed on the website of the Company:
Under Section 135(1) of the Companies Act, 2013 read with Companies (Corporate Social Responsibility) Rules, 2014, the Board of Directors have constituted a CSR Committee.

Policy.pdf>
2| CSR Projects| https://www.vguard.in/uploads/downloads/Annexure-3-CSR- Annual-Action-Plan.pdf

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.

CSR Obligation for the reporting period

Sl No.| Particulars| Amount

(₹ in Lakhs)

---|---|---
a| Average net profit of the Company as per section 135(5)| 27338.59
b| Two percent of the average net profit of the company as per section 135(5)| 546.77
c| Surplus arising out of the CSR projects programmes or activities of the previous financial years| 0.00
d| The amount required to be set off for the financial year, if any| 0.00
e| Total CSR obligation for the financial year (5b+5c-5d)| 546.77

Amount Spent on CSR Projects (both Ongoing and other than Ongoing Projects):

Sl No.| Particulars| Amount

(₹ in Lakhs)

---|---|---
a| Amount spent on CSR project both ongoing and other than ongoing project| 543.36
b| Amount spent in Administrative Overheads| 6.70
c| Amount spent on Impact Assessment, if applicable| N. A.
d| Total amount spent for the Financial Year [(a)+(b)+(c)]| 550.06

CSR amount spent or unspent for the financial year:

Total Amount Spent for the Financial Year. (₹ in Lakhs)| Amount Unspent (₹ in Lakhs)
---|---
Total Amount transferred to Unspent CSR Account as per section 135(6)| The amount transferred to any fund specified under Schedule VII as per the second proviso

to section 135(5)

 | Amount| Date of Transfer| Name of the Fund| Amount| Date of Transfer
550.06| –| –

Excess amount for set-off, if any:

Sl No.| Particulars| Amount

(₹ in Lakhs)

---|---|---
(i)| Two percent of average net profit of the company as per section 135(5)| 546.77
(ii)| Total amount spent for the Financial Year| 550.06
(iii)| Excess amount spent for the financial year [(ii)-(i)]| 3.29
(iv)| Surplus arising out of the CSR projects or programmes or activities of the previous financial years, if any| –
(v)| Amount available for set off in succeeding financial years [(iii)-(iv)]| 3.29

Details of Unspent CSR amount for the preceding three financial years: N. A.

Sl.| Preceding| Amount| Balance| Amount| Amount transferred to| Amount| Deficiency,|
---|---|---|---|---|---|---|---|---
No.| Financial| transferred| Amount in| spent in the| any fund specified under| remaining| if any|
 | Year| to Unspent| Unspent| reporting| Schedule VII as per| to be|  |
 | CSR| CSR Account| Financial| section 135(6), if any| spent in|  |
 |  | Account

under section 135

| under

subsection (6)of section

| Year (in ₹)| succeeding

financial years. (in ₹)

|  |
Amount

(in ₹)

| Date of transfer|
 |  | (6) (in ₹)| 135 (in ₹)|  |  |  |  |  |

• Whether any capital assets have been created or acquired through Corporate Social Responsibility amount spent in the Financial Year: No
• If Yes, enter the number of Capital assets created/ acquired: Furnish the details relating to such asset(s) so created or acquired through Corporate Social Responsibility amount spent in the Financial Year: N. A.
• Specify the reason(s), if the company has failed to spend two per cent of the average net profit as per section 135(5): N. A.

For and on behalf of CSR Committee Sd/- Sd/-
Mithun K Chittilappilly Cherian N Punnoose
Managing Director and Chairman- CSR Committee Chairman
(DIN: 00027610) (DIN: 00061030)

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