CSR: Meghmani Organics Ltd spends Rs. 2.48 Cr on social development activities

India CSR I July 25, 2022 I Mumbai: Meghmani Organics Limited spent Rs. 2.48 Cr on social development activities. The Company has earmarked Rs. 115 Lakhs in a separate Bank account for CSR activities which will be used within the statutory timeline. Meghmani Organics Limited continued the social development schemes initiated in previous years.

During the year under review, the Company has spent Rs. 2.48 Crores, which is 0.81% of PAT of FY 2022, towards CSR activities following the policy on CSR and the unspent CSR amount of Rs. 115.00 Lakhs has been transferred to Unspent CSR account FY2022 on April 29, 2022 following provisions of Section 135(6) of Companies Act, 2013, which will be utilized in terms of the CSR policies of the Company.

These projects covered the broad thematic areas of Livelihood, Eradication of Poverty, Women Education, Women Empowerment, Support and help to fight the Covid-19 Pandemic, Kanya Kelwani Nidhi and Vanvasi Kalyan Yojana is compliant with the Companies Act 2013. The policy on Corporate Social Responsibility is available on the website of the Company in the investor section, the company said.

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Balancing sustainability priorities

The company strives to uplift the communities in which it operates through various social initiatives. CSR initiatives are focused on health, education, social infrastructure and women empowerment, especially in rural areas. The company also strives to ensure the upliftment of human rights and build an open, inclusive and diverse workplace.

Social

Meghmani Organics aims to create value for all stakeholders not only through products but by striking a balance between sustainability priorities and business. Initiatives that have a positive impact on people and the environment, while also enriching the lives of stakeholders, is intrinsic to business.

The company has formulated and implemented a Corporate Social Responsibility Policy (CSR). The CSR activities are monitored by Board appointed CSR committee. The key focus areas of the CSR programs are the promotion of education, preventive healthcare, skill enhancement, Environment protection and other areas as defined in Schedule VII of the Companies Act 2013.

In the recent past, we were involved in a plethora of CSR activities to serve underserved communities. We donated ventilators to various hospitals, conducted a mega blood donation camp, donated the mortuary van to Sadvichar Parivaar and many more. Our in-house magazine “Arjan” has complete details of the CSR activities undertaken by us during the year, the company said.

“Our CSR activities are aligned with our core value of a ‘quick and positive response to the call of society. Our social initiatives have been well accepted and recognised by society and the government. The Chief Minister of Gujarat, Shri Vijaybhai Rupani appreciated and awarded us for our social activities. We were also declared as the Best Company for our CSR activities”, the company annual report said.

Meghmani Organics

One of the leading companies in the chemical sector, Meghmani Organics is a fully integrated diversified chemical company with a diverse product portfolio and expansive global presence. It is among the top 10 producers of pesticides in India having presence across the entire value chain in agrochemical products. Its agrochemical portfolio includes intermediates, technical as well as formulations of Pesticides and Herbisites that find application in crop protection, veterinary, public health and wood protection. It is also among the top 3 Phthalocyanine pigment players globally, specialising in blue and green pigments that find increasing applications in printing inks, paints and coatings and plastic; It’s customer base includes prominent MNCs across 75 countries.