Page 208 - Hitachi IR 2025

BOARD’S REPORT
9.  SPECIFY THE REASON(S), IF THE COMPANY HAS FAILED TO SPEND TWO PERCENT OF THE AVERAGE
NET PROFIT AS PER SECTION 135(5):
During the year under review the Company was required to spend `4.26 Crores, out of which the Company has
spent `2.69 Crores and an amount of `1.57 Crores remain unutilized due to the work being incomplete/ not
due for payment to Vendors / service providers which includes multi-year projects. The Company has transferred
the unutilized amount(s) to a specified separate bank account in accordance with the Act and the same will be
utilized and spent within the prescribed time limits.
By order of the Board
For Hitachi Energy India Limited
Place: Bengaluru
Date: May 14, 2025
Nuguri Venu
Managing Director and CEO
(DIN:07032076)
Akila Krishnakumar
Chairperson - CSR Committee
(DIN:06629992)
206 Hitachi Energy India Limited