At the end of FY 2024-25, Rs. 1.79 lakh of HMT Limited’s total CSR obligation remained unspent.
NEW DELHI (India CSR): HMT Limited, a pioneering public sector enterprise, reaffirmed its commitment to sustainable development and community welfare by spending Rs. 47.15 lakh on Corporate Social Responsibility (CSR) activities during the financial year 2024-25. The company’s CSR spending equates to 2% of its average net profit of Rs. 23.57 crore over the past three financial years, in compliance with Section 135 of the Companies Act, 2013.
The initiatives were guided by HMT’s CSR Vision—to contribute to sustainable development and inclusive growth while balancing people, planet, and performance.
CSR Policy and Vision
The CSR policy of HMT Limited is framed under the guidelines of the Companies Act, 2013, Companies (CSR Policy) Rules, 2014, and Department of Public Enterprises (DPE) directives. The policy emphasizes the creation of community infrastructure, environmental balance, and social empowerment.
HMT’s CSR Mission is to operate as a socially responsible corporate entity, improving the quality of life in the communities it serves. The company aims to enhance awareness of CSR within its workforce and build strong partnerships with governments, PSUs, NGOs, and other stakeholders.
CSR Spending and Key Figures
In FY 2024-25, the company’s CSR obligation amounted to Rs. 47.15 lakh. Out of this, HMT spent Rs. 44.80 lakh on various CSR projects and Rs. 2.35 lakh on administrative overheads.
An unspent amount of Rs. 1.79 lakh as of March 31, 2025, was carried forward for completion of ongoing projects as per Section 135(6) of the Companies Act.
The company did not have any excess or deficit for set-off, and no surplus arose from previous CSR projects.
CSR Committee and Governance
The Board-level CSR Committee, constituted on August 12, 2019, plays a pivotal role in strategy formulation, project selection, and monitoring. The committee ensures that CSR programs align with HMT’s long-term sustainability goals.
Mr. Rajesh Kohli, Chairman & Managing Director (Additional Charge), serves as the Chairperson of the CSR Committee, providing oversight and direction to all CSR initiatives.
The company also encourages skill development among CSR personnel to enhance program implementation efficiency.
Unspent CSR from Previous Years
HMT continues to maintain transparency in reporting unspent CSR amounts from earlier years.
- For FY 2021-22, ₹41.03 lakh was allocated, with the balance fully spent.
- For FY 2022-23, ₹42.71 lakh was earmarked, of which ₹82,019 was utilized in FY 2024-25.
- For FY 2023-24, ₹27.80 lakh was transferred to the unspent CSR account and fully utilized in FY 2024-25.
This reflects a systematic approach to completing ongoing projects and ensuring no lapses in CSR compliance.
Reason for Unspent CSR Amount
At the end of FY 2024-25, Rs. 1.79 lakh of HMT Limited’s total CSR obligation remained unspent. The company stated that this amount relates to ongoing CSR projects that were not fully implemented within the financial year.
In line with the provisions of Section 135(6) of the Companies Act, 2013, the unspent amount has been earmarked for utilization in the subsequent year. Such instances generally occur when CSR activities involve long-term or phased implementation, requiring coordination with external agencies, local bodies, or project partners.
The unspent balance will continue to be monitored by the company’s CSR Committee, and funds are expected to be used for the same approved purposes during the following financial year, as part of HMT Limited’s ongoing CSR commitments.
Key Focus Areas
The company’s CSR framework focuses on the following key themes:
- Rural Development: Creating and developing community facilities.
- Environmental Sustainability: Promoting eco-friendly initiatives and resource conservation.
- Skill Development: Enhancing employability and livelihood opportunities.
- Health & Welfare: Supporting healthcare facilities and awareness programs.
The policy prohibits CSR benefits limited only to employees or their families, ensuring an inclusive community-oriented approach.
Table: Key Facts of HMT Limited’s CSR Spending FY 2024-25
| Particulars | Details (₹) |
|---|---|
| Average Net Profit (3 years) | 23,57,55,121 |
| Mandatory CSR Obligation (2%) | 47,15,103 |
| Total CSR Amount Spent | 47,15,103 |
| Amount on Projects | 44,80,103 |
| Administrative Overheads | 2,35,000 |
| Amount Unspent (as on 31.03.2025) | 1,79,000 |
| Amount Transferred to Unspent CSR Account | 0 |
| CSR Surplus/Excess | Nil |
| Number of Ongoing CSR Projects | Multiple (Health, Education, Community) |
| Chairperson, CSR Committee | Rajesh Kohli, CMD (Addl. Charge) |
Commitment to Sustainable Future
HMT Limited continues to align its CSR initiatives with national development goals and Schedule VII of the Companies Act. The company’s approach integrates economic growth, environmental care, and social well-being, ensuring that business success translates into community prosperity.
By emphasizing collective participation and transparent governance, HMT strengthens its identity as a responsible corporate citizen committed to inclusive and sustainable growth.
Table A: Details of CSR Activities Undertaken During FY 2024-25
(Status of Ongoing and Other than Ongoing CSR Projects)
| Sl. No. | CSR Amount Allocated as on 31.03.2025 (₹) | CSR Amount Incurred on Completion (₹) | Name of the Project | Item from Schedule VII | Location of Project | Mode of Implementation | Project Duration / Date of Completion |
|---|---|---|---|---|---|---|---|
| 1 | 24,39,740 (approx.) inclusive of miscellaneous expenses | 23,55,740.20 | Contribution of GeneXpert 4/4 Module 10 Optic Channel Cartridge-Based Nucleic Acid Amplification Test (CBNAAT) Machine to Government District TB Center | Item No. I (Health Care) | Mandya, Karnataka | Direct | 30.09.2025 – Ongoing project completed on 19.04.2025 |
| 2 | 3,53,500 (approx.) inclusive of miscellaneous expenses | 3,34,500.00 | Contribution of one medical equipment – 2-Channel Electrotherapy with Laser and Ultrasound to Shri Guruji Seva Nyas | Item No. I (Health Care) | Indore, Madhya Pradesh | Direct | 30.09.2025 – Ongoing project completed on 19.04.2025 |
| 3 | 13,27,863 (approx.) inclusive of miscellaneous expenses | 12,95,600.00 | Contribution of Medical Instruments to Mandya Institute of Medical Sciences | Item No. I (Health Care) | Mandya, Karnataka | Direct | 30.09.2025 – Ongoing project completed on 02.09.2025 |
| 4 | 1,80,000 (approx.) inclusive of miscellaneous expenses | 1,76,970.00 | Contribution of educational materials to Bless Society of Rural and Urban Development | Item No. II (Education) | Bengaluru, Karnataka | Direct | 30.09.2025 – Ongoing project completed on 14.05.2025 |
| 5 | 1,79,000 | 1,79,000.00 | Contribution to Prime Minister’s National Relief Fund | Item No. VIII (PMNRF Contribution) | — | Direct | 28.03.2025 – Completed |
| 6 | 3,58,955.80 (Balance Amount) | 3,58,955.80 | Contribution to Prime Minister’s National Relief Fund | Item No. VIII (PMNRF Contribution) | — | Direct | 22.09.2025 – Completed |
| 7 | 2,35,000 | 14,337.00 | Administrative Expenses | — | — | — | FY 2024-25 |
| Total | 47,15,103.00 | 47,15,103.00 |
Notes:
- Balance amount remaining after completion of ongoing CSR projects for FY 2024-25 shall be transferred to the Prime Minister’s National Relief Fund (PMNRF), a Central Government Fund, as prescribed in Point No. VIII of Schedule VII of the Companies Act, 2013.
- Balance amount after completion of CSR projects has been transferred to the PMNRF on 22.09.2025.
(India CSR)
