New Delhi –20 Microns Ltd spent Rs 41.37 lakh in FY 2018-19, which is beyond the prescribed Corporate Social Responsibility (CSR) expenditure of Rs 39.26 lakh. The average net profit of the company for last three financial years is Rs 19.63 crore.
The company is committed towards aligning with nature and has adopted eco-friendly practices.
20 Microns Foundation Trust was set up in 2001 to focus on CSR initiatives, long before the provision of the Companies Act, 2013, stating that the CSR activities undertaken by the company has to be through a registered trust, came into force.
The Company has also practice to carry out CSR by giving donation to other Trusts for activities covered under schedule VII of the Companies Act, 2013.
As outlined in CSR Policy, the objective of the company is to create awareness towards living a normal life with diabetes.
The company broadly focuses on working towards healthcare, medical facilities, facilities for senior citizens and education.
The Company has constituted a CSR Committee as required under Section 135 of the Companies Act, 2013, which is headed by Chandresh Parikh as Executive Chairman and consists of the members like P.M. Shah as Chairman & Independent Director, Sejal R. Parikh as Non-Executive Woman Director, Ramkisan Devidayal as Independent Director.