The company has spent 100% of its CSR obligation, which is equivalent to 2% of the average net profit over the last three financial years
NEW DELHI (India CSR): Cantabil Retail India Limited has demonstrated its commitment to corporate social responsibility (CSR) by allocating Rs. 35.22 Lakhs towards various CSR projects in the financial year 2021-22. The company has spent 100% of its CSR obligation, which is equivalent to 2% of the average net profit over the last three financial years, as required by the Companies Act, 2013.
The company has taken a participatory and collaborative approach in its CSR initiatives, focusing on areas that align with its sustainability goals. One of the key projects supported by the company is the education sector, where it has contributed to 50 more schools with a total allocation of Rs. 33 Lacs.
In addition to its education initiatives, the company has also supported APNA GHAR ASHRAM under preventive health care and participated in an online fund raiser event organized by Bharatiyam for RAGAS for YAMUNA – Covid Care Concert and Auction.
The CSR activities of Cantabil Retail India Limited are guided by a well-defined policy and a dedicated Corporate Social Responsibility Committee, which is responsible for monitoring and reporting on the company’s CSR efforts. The company believes that CSR is not just a compliance requirement, but an opportunity to contribute to society and nation-building.
As per company report, Cantabil Retail India Limited is committed to creating value for the society and community through its CSR initiatives, as part of its role as a socially responsible corporate.
(India CSR)
