NEW DELHI (India CSR): In a timely demonstration of corporate responsibility, infrastructure leader Jaipur-based Current Infraprojects Limited has transferred Rs. 1,31,762 Corporate Social Responsibility (CSR) Funds to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, ensuring full compliance with India’s CSR regulations just months after closing a stellar financial year.
The contribution, made on August 6, 2025, addresses the unspent portion of the company’s FY 2024-25 CSR obligation, calculated at 2% of its average net profits over the prior three years (totaling Rs. 7,31,762).
As detailed in the company’s recently released Directors’ Report, Current Infraprojects allocated Rs. 6,00,000 toward promoting education initiatives—specifically the “SAPNA” project in West Delhi—before the March 31, 2025, deadline. The remaining balance of Rs. 1,31,762 was promptly directed to the PM CARES Fund, adhering to the six-month transfer window under the second proviso to Section 135(5) of the Companies Act, 2013.
A minor deficiency of Rs. 0.31 appears attributable to rounding discrepancies, with no impact on overall fulfillment.
This move underscores the company’s commitment to sustainable development, aligning with Schedule VII priorities like education and emergency relief. “Out of our total CSR obligation, we invested Rs. 6 lakh directly in community education prior to year-end. The balance was transferred to PM CARES within the prescribed timeline, reflecting our dedication to national welfare,” the report states, emphasizing project timelines as the rationale for the split allocation.
(IndiaCSR)
