ABC Ltd. is a company which has a net worth of INR 200 crores, it manufactures rubber parts for automobiles. The sales of the company are affected due to low demand of its products. The previous year's financials state: (INR in Crores) March 31, 20X4 March 31, 20X3 March 31, 20X2 March 31, 20X1 (Current year) Net Profit 3.00 8.50 4.00 3.00 Sales (turnover) 850 950 900 800 Required Does the Company have an obligation to form a CSR committee since the applicability criteria is not satisfied in the current financial year