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VST Tillers Tractors Ltd.

BSE: 531266 Sector: Auto
NSE: VSTTILLERS ISIN Code: INE764D01017
BSE 00:00 | 18 Apr 1300.05 2.05
(0.16%)
OPEN

1300.00

HIGH

1307.50

LOW

1290.00

NSE 00:00 | 18 Apr 1299.70 1.65
(0.13%)
OPEN

1307.00

HIGH

1307.00

LOW

1287.00

OPEN 1300.00
PREVIOUS CLOSE 1298.00
VOLUME 200
52-Week high 3085.00
52-Week low 1290.00
P/E 16.67
Mkt Cap.(Rs cr) 1,123
Buy Price 1297.00
Buy Qty 1.00
Sell Price 1306.00
Sell Qty 5.00
OPEN 1300.00
CLOSE 1298.00
VOLUME 200
52-Week high 3085.00
52-Week low 1290.00
P/E 16.67
Mkt Cap.(Rs cr) 1,123
Buy Price 1297.00
Buy Qty 1.00
Sell Price 1306.00
Sell Qty 5.00

VST Tillers Tractors Ltd. (VSTTILLERS) - Chairman Speech

Company chairman speech

The Company has formed CSR policy and Committee during the year and details of CSRpolicy is available in your Company website i.e.http://www.vsttillers.com/sites/default/files/policies/CSR_policy.pdf

Composition of the CSR Committee:

Mr. V.K. Surendra Chairman

Mr. M.K. Bannerjee Member (Independent Director)

Mr. V.P. Mahendra Member

Mr. V.V. Pravindra Member

Average net profit of the Company for last three financial years:

Average net profit for last three years: Rs.1031139812

Prescribed CSR Expenditure (two percent of the average net profit):

Based on the above the Company is required to spend Rs. 20622796 towards CSRactivities.

Details of CSR spend for the financial year i. Total amount spent for the financialyear - 165 lakhs ii. Amount unspent- Rs.33986037 (includes unspent amount of lastyears) iii. Manner in which the amount spent during the financial year is detailed below.(Please refer note no-42 page no-86 of the annual report)

Sl. No. CSR Project or Activity Identified Sector in which the Project is covered Projects or programs 1) Local area or 2) Specify the State and projects or programs was undertaken Amount outlay (budget) project program wise Amount spent of the projects or programme Sub-heads: (l) Direct on projects or programs (2) Overheads: Cumulative expenditure upto the reporting period Direct or through implementing agency
1 Educating Children women scholarships etc. Promoting education including special education and employment enhancing vocation skills especially among children women elderly and the differently abled and livelihood enhancement projects Local Area 100 Lakh 100 Lakh 250 Lakhs (Includes Rs.150 Lakhs spent in previous years) Through Implementing Agency
2 - Do - To Provide scholarships to deserving students of Technical Medical Engineering Diploma courses etc. Local Area 50 Lakh 50 Lakh 140 Lakhs (Includes Rs.90 Lakhs spent in previous years) Through Implementing Agency
3 Enhance livelihood of the physically disabled. Promoting education including special education and employment enhancing vocation skills especially among children women elderly and the differently abled and livelihood enhancement projects Local Area 15 Lakhs 15 Lakhs 30 Lakhs (Includes Rs.15 Lakhs spent in previous years) Through Implementing Agency

Reason for not spending :

As the process of identifying potential recipients takes time the Company has notdisbursed the applicable CSR spend.

Responsibility Statement :

Implementation and monitoring of CSR Policy is in compliance with CSR Objectives andpolicy of the Company.

Sd/- Sd/-
V.P. Mahendra V. K. Surendra
Vice Chairman & CSR Committee
Managing Director Chairman
Date: 11th May 2018