60 Atul Ltd | Annual Report 2021-22 3.2. Corporate Social Responsibility Committee 3.2.1. Role i) Formulating and recommending the Corporate Social Responsibility (CSR) Policy to the Board ii) Formulating and recommending to the Board the annual action plan, which must include: a) the list of CSR projects or programs that are to be undertaken b) the manner of execution c) the modalities of utilisation of funds and implementation schedules d) monitoring and reporting mechanism e) details of need and impact assessment iii) Indicating reasons to the Board in case the amount of expenditure is less than 2% of the average net profit in a given year iv) Monitoring the CSR Policy from time to time v) Recommending the amount of expenditure to be incurred on the CSR activities, which may not be less than 2% of the average net profit of the last three years 3.2.2. Composition The Committee comprises the following members: No. Name Designation 1. Shubhalakshmi Panse Chairperson 2. Sunil Lalbhai Member 3. Bharathy Mohanan Member 3.2.3. Meetings and attendance During 2021-22, one meeting was held. No. Name Total Attended 1. Shubhalakshmi Panse 1 1 2. Sunil Lalbhai 1 1 3. Bharathy Mohanan 1 1 The Board notes the minutes of the CSR Committee meetings. 3.3. Investment Committee 3.3.1. Role i) Approving capital expenditure proposals exceeding ` 5 cr, but not exceeding ` 25 cr each ii) Recommending to the Board for approval of capital expenditure proposals exceeding ` 25 cr each iii) Recommending to the Board acquisition, disinvestment and divestment proposals iv) Reviewing business strategies v) Reviewing progress of the approved projects 3.3.2. Composition The Committee comprises the following members: No. Name Designation 1. Rajendra Shah Chairman 2. Bansi Mehta Member 3. Susim Datta Member 4. Sunil Lalbhai Member 5. Baldev Arora Member
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