Annexure to Board's Report

ANNEXURE 2
Annual Report on CSR Activities

[Pursuant to Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility policy) Rules, 2014]

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1. A brief outline of the Company’s CSR policy, including an overview of projects or programmes proposed to be undertaking and a reference to the web-link to the CSR Policy and projects or programmes:
   1. Overview:
      1. Outline of CSR Policy - As an integral part of our commitment to good corporate citizenship, we at Tata Motors believe in actively assisting in improvement of the quality of life of people in communities, giving preference to local areas around our business operations. Towards achieving long-term stakeholder value creation, we shall always continue to respect the interests of and be responsive towards our key stakeholders - the communities, especially those from socially and economically backward groups, the underprivileged and marginalized; focused on inter alia the Scheduled Castes and Scheduled Tribes, and the society at large. In order to leverage the demographic dividend of our country, Company’s CSR efforts shall focus on Health, Education, Environment and Employability interventions for relevant target groups, ensuring diversity and giving preference to needy and deserving communities inhabiting urban India. CSR at Tata Motors shall be underpinned by ‘More from Less for More People’ philosophy which implies striving to achieve greater impacts, outcomes and outputs of our CSR projects and programmes by judicious investment and utilization of financial and human resources, engaging in like-minded stakeholder partnerships for higher outreach benefitting more lives.
         Weblink for Tata Motors India CSR Policy: http://www. tatamotors.com/about-us/policies.php
      
      
      2. CSR Projects: 1. Aarogya (Health): Addressing child malnutrition; health awareness for females; preventive & curative health services, drinking water projects; 2. Vidyadhanam (Education): Scholarships; Special coaching classes for secondary school students; IITJEE & competitive exams coaching, school infrastructure improvement; co-curricular activities; Financial aid to engg. students, 3. Kaushalya (Employability): Divers training – novice and refresher; ITI partnership & alliedauto trades; Motor Mechanic Vehicle (MMV); Training in retail, hospitality, white goods repair, agriculture & allied trades; 4. Vasundhara (Environment): Tree plantation, environmental awareness for school students;
   
   
2. Composition of CSR Committee: The CSR Committee of the Board of Tata Motors comprises of (i) Mr Om Prakash Bhatt, Non-Executive, Independent Director [Chairman of the Committee]; (ii) Ms. Falguni S. Nayar, Non-Executive, Independent Director [Member of the Committee] (iii) Mr Guenter Butschek, CEO & Managing Director [Member of the Committee] and (iv) Mr. Satish B Borwankar, Executive Director and Chief Operating Office [Member of the Committee].


3. Average Net Profit of the Company for last three financial years: Nil: Loss ( Rs.1496.61 crores)


4. Prescribed CSR Expenditure (two per cent of the amount as in item 3 above): Not applicable in view of the losses


5. Details of CSR Spend during the financial year:



Rs.22.21 crores was spent towards various schemes of CSR as prescribed under Section 135 of the Act

1. Total amount to be spent for the financial year: Not applicable
2. Amount unspent, if any: Not applicable
3. Manner in which the amount spent during the financial year: For details, please refer Annexure A


6. In case the company has failed to spend the two per cent of the average net profit of the last three financial years or any part thereof, the company shall provide the reasons for not spending the amount: Not Applicable


7. Responsibility Statement of CSR Committee of Board: The CSR Committee of the Company’s Board states that the implementation and monitoring of the CSR Policy, is in compliance with the CSR objectives and Policy of the Company. The Company had engaged M/s KPMG India (Registered) for assurance on CSR spend by the Company under Section 135 of the Companies Act, 2013, Schedule VII.

ANNEXURE – A