Corporate Social Responsibility (CSR) is the strategic approach towards sustainable community development and the key to inclusive growth, a concept whereby the companies integrate social and other useful concerns in their business operations for the betterment of their stakeholders and society in general in a voluntary way.
April 1, 2014, India became the first country to legally mandate corporate social responsibility. The rules in Section 135 of India’s Companies Act make it mandatory for companies of a certain turnover and profitability to spend 2% of their average net profit for the past three years on CSR or where the company has not completed the period of three financial years since its incorporation, during such immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy. And with the motive to evolve with this CSR initiative, India is Continuously evolving to grow through various other rules and guidelines related to CSR including but not limited to given below rules and guidelines:
Companies Act, 2013
Companies CSR policy Rules, 2014
CSR Amendment Rules, 2021
Schedule VII of Companies Act, 2013
OUR INITIATIVE TOWARDS CSR
Despite record food output globally, hunger is still with us. Today’s world is characterised by the coexistence of agricultural bounty and widespread hunger and malnutrition. National and global evidence shows that ensuring an adequate food supply is still an important contribution to eradicating hunger. However, generating more food in the form of staple grains or tubers is not enough. Good nutrition and an end to hunger both require everyone to have an appropriate diet.
We Being the Responsible Corporate Citizen of the Country with regards to improving the quality of life of the communities by providing them good nutritious diet. We are Proud that Our Organization with the help of Akshaya Chaitanyaan NGO in Mumbai with an attempt to make food accessible to the needy across Mumbai by serving them hot, nutritious, locally palatable meals prepared at their very own state-of-the-art FSSAI compliant kitchen. We were able to contribute with the NGO to scale up the operations and to feed about 14,000+ people every day with hot and nutritious meals, During our CSR Initiative for Financial Year 2022-2023.
And, for the Coming Financial Years we are planning to target selected programs that are innovative, sustainable and which produce tangible results and which are also in queue with our CSR Policy.