Note 29.15 Expenditure on corporate social responsibility initiatives a) Gross amount required to be spent by the Company during the year is ` 13.59 cr (2023-24: ` 15.32 cr) b) Amount spent during the year on: (` cr) Particulars 2024-25 2023-24 Paid Payable Total Paid Payable Total i) Construction | Acquisition of any asset - - - - - - ii) On purposes other than (i) above 13.59 - 13.59 15.32 - 15.32 c) Details related to spent | unspent obligations: (` cr) Particulars 2024-25 2023-24 01. Promotion of health 3.15 2.57 02. Promotion of healthcare and sanitation 0.87 0.68 03. Enhancement of vocational skills 0.11 0.39 04. Support to livelihood projects 0.37 1.36 05. Promotion of education 3.06 3.01 06. Empowerment of women 0.49 0.30 07. Conservation of natural resources | Environment sustainability 1.50 1.99 08. Development of rural areas 3.37 4.27 09. Administrative overheads 0.67 0.75 13.59 15.32 d) The Company does not have any ongoing projects as at March 31, 2025 and March 31, 2024. e) Excess CSR expenditure under Section 135(5) of the Act (` cr) Balance as at April 01, 2024 Amount required to be spent during the year Amount spent during the year Balance as at March 31, 2025 0.08 13.57 13.59 0.10 (` cr) Balance as at April 01, 2023 Amount required to be spent during the year Amount spent during the year Balance as at March 31, 2024 0.08 15.32 15.32 0.08 f) Refer Note 29.4 (H) for details of contribution to a trust controlled by the Company in relation to expenditure on corporate social responsibility initiatives. Note 29.16 Offsetting financial assets and liabilities The Company has not offset any financial asset and financial liability. It offsets a financial asset and a financial liability when it currently has a legal enforceable right to set-off the recognised amounts and it intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. a) Master netting arrangements – not currently enforceable Agreements with derivative counterparties are based on an International Swaps and Derivatives Association Inc Master Agreement. Under the terms of these arrangements, only where certain credit events occur (such as default), the net position owing | receivable to a single counterparty in the same currency will be taken as owing and all the relevant arrangements are considered as terminated. As the Company does not presently have a legally enforceable right of set-off, these amounts have not been offset in the Standalone Balance Sheet. b) Collateral against borrowings The Company has hypothecated | mortgaged assets as collateral against a number of its sanctioned line of credit (Refer Note 17(c) for further information on assets hypothecated | mortgaged as security). In case of default as per borrowing arrangement, such collateral can be adjusted against the amounts due. 220 220 Integrated Annual Report 2024-25
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