¤ Budget

The CSR budget of the Company shall be fixed for each financial year on recommendation of the Committee and approval by the Board, taking into consideration the amounts prescribed by the Companies Act, 2013. Presently, the Companies Act. 2013, requires that in each financial year, the Company shall spend at least 2 (two) percent of the average net profits of the Company made during the 3 (three) immediately preceding financial years.