CSR: Atul Limited spends Over Rs. 10 Crores on Corporate Social Responsibility 

India CSR I July 30, 2022, I Mumbai : Atul Limited spent Rs. 10.54 crores on social development activities to comply with Corporate Social Responsibility (CSR) Law 2014 during the year 2021-22.

In respect of other than ongoing projects, the Company has transferred the unspent Corporate Social Responsibility (CSR) amount to a fund specified in Schedule VII to the Companies Act, 2013 before the date of this report and within a period of six months of the expiry of the financial year in compliance with the second proviso to Sub-section (5) of Section 135 of the said Act. 

On April 25, 2022, the company transferred 4.34 crores. to the Unspent CSR Account as per Section 135(6) was. 

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2% of the average net profit of the Company as per Section 135(5) was Rs. 1,486.15. The average net profit of the Company as per Section 135(5) for the year was Rs. 743.07 crores. The company has undertaken CSR projects in the Narmada district of Gujarat, which is an aspirational district as identified by government bodies. The company spent Rs. 1 lakh in Narmada district on social development.

The Atul Limited

Incorporated on September 05, 1947, the story of Atul is closely linked to that of independent India. The Company is the first private sector enterprise in the country to be inaugurated by its first Prime Minister, Pandit Jawaharlal Nehru. It was established to generate employment on a large scale, create wealth in rural areas and become self-sufficient in selected chemicals then totally imported. Atul has been serving society since its incorporation in step with the tradition of its legendary Founder, Kasturbhai Lalbhai.

Atul Limited is a diversified Indian company, a part of Lalbhai Group, one of the oldest business houses of India with a legacy of conducting business with a larger purpose) meeting the needs of varied industries such as Adhesives, Agriculture, Animal Feed, Automobile, Composites, Construction, Cosmetic, Defence, Dyestuff, Electrical and Electronics, Flavour, Food, Footwear, Fragrance, Glass, Home Care, Horticulture, Hospitality, Paint and Coatings, Paper, Personal Care, Pharmaceutical, Plastic, Rubber, Soap and Detergent, Sport and Leisure, Textile, Tyre, and Wind Energy. 

List of CSR Programme

• Enhancement of educational practices in Kalyani Shala
• Improvement of teaching methodology for primary school children             
• Support to tribal children in Atul Vidyamandir
• Support to develop of a school in a tribal area
• Provision of scholarships to needy and meritorious students
• Provision of education kits to children
• Support to needy – special children
• Provision of digital education through tablet laboratory
• Support to children with special needs 31 students
• Promotion of learning and life skills among children
• Support to develop of a school in an economically-deprived area
• Skills training to youth as apprentices
• Empowerment of women Youth through various vocational training courses
• Skill development of youth through vocational training with NABARD
• Development of micro-entrepreneurs to provide sustainable livelihood
• Creation of livelihood opportunities for tribal families by providing cows
• Empowerment of women through self-help groups
• Enhancement of rural health through health camps
• Promotion of nutrition gardens for tribal families
• Establishment of Atul Medical Diagnostic Centre
• Promotion of health and wellbeing of adolescents and women
• Provision of blood units to the needy and deserted patients
• Retrofitting of individual household toilets
• Support needy patients
• Support related to the COVID-19 pandemic
• Construction of walkways and streetlights in Atul and surrounding villages
• Development of infrastructure in Atul and surrounding villages
• Establishment of solid waste management system in Atul village
• Conservation of soil and water
• Conservation of energy through solar energy
• Development of nature-based wastewater recycling in schools