Below is the extract of financial information of Z Infotech Ltd for last 5 financial years: Particulars Financial Year (₹ in Crores) 2019-20 2020-21 2021-22 2022-23 2023-24 Paid-up Capital 200 200 200 200 200 Free Reserv

Section 135 (1) read with Rule 3 of Companies (Corporate Social Responsibility Policy) Rules, 2014, mandates that every company which fulfils any of the following criteria during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee of Board consisting of three or more directors, out of which at least one director shall be an independent director- Companies having net worth of rupees five hundred crore or more, or Companies having turnover of rupees one thousand crore or more, or Companies having a net profit of rupees five crore or more. Further, Section 135(9) provides that where the amount to be spent by a company under Section 135 (5) does not exceed fifty lakh rupees, the requirement under sub-section (1) for constitution of the Corporate Social Responsibility Committee shall not be applicable and the functions of such Committee provided under this section shall, in such cases, be discharged by the Board of Directors of such company. With reference to whether the Constitution of CSR Committee is required in FY 2024-25 in Z Infotech Ltd., the calculation is as under: Net profit of the company in FY 2023-24 - ₹ 35 Crores which is more than the limit as mentioned in rule 3 of Companies (Corporate Social Responsibility Policy) Rules, 2014. Average Profit of last three financial years of the company: Profit in FY 2021-22 = ₹ 15 crores Profit in FY 2022-23 = ₹ 30 crores Profit in FY 2023-24 = ₹ 35 crores Average Profit in last three financial years = (15+30+35)/3 = ₹ 26.67 crores 2% of ₹ 26.67 = ₹ 53,33,333 which is more than ₹ 50 lakh as provided in Section 135(9). Hence, the Company is required to constitute CSR Committee in the FY 2024-25.