FOREST DEVELOPMENT CORPORATION OF MAHARASHTRA LIMITED

As per section 135(1) of the Companies Act, 2013, every Company having net worth of Rs. 500 Crore or more, or turnover of Rs. 1000 crore or more or a net profit of Rs. 500 crores or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee of the Board. As per sub section (5) of the Section 135, the Board of every company referred to in sub section (1), shall ensure that the Company spends in very financial year, at least two percent of the average net profits of the Company made during the three immediately preceding financial year in pursuance of its Corporate Social Responsibility Policy. In furtherance of the aforesaid statutory provisions the FDCM has paid following contributions towards the CSR activities.