NEW DELHI (India CSR): In an era where corporate responsibility is increasingly paramount, Innova Captab Limited stands out with its unwavering dedication to creating a positive societal impact. The pharmaceutical leader has not only focused on business expansion and innovation but has also embedded a profound commitment to community well-being into its core philosophy. For the financial year 2025, Innova Captab has demonstrated this commitment through significant investments in Corporate Social Responsibility (CSR) initiatives, channeling Rs 2.07 crores towards projects aimed at inclusive growth and equitable development. This substantial spending underscores the company’s belief that true, lasting growth extends beyond financial metrics to encompass the upliftment of people and communities.
Innova Captab Limited – CSR Performance FY 2025
| Category | Details |
|---|---|
| Total CSR Obligation (FY25) | Rs 1.74 crores (Rs 1,73,69,152.00) |
| Set-off from Previous Surplus | Rs 22.12 lakhs (Rs 22,12,077.00) |
| Net CSR Obligation (after set-off) | Rs 1.52 crores (Rs 1,51,57,075.00) |
| Total CSR Expenditure (FY25) | Rs 2.07 crores (Rs 2,07,34,997.00) |
| Amount Spent on Projects | Rs 1.85 crores (Rs 1,85,22,920.00) |
| Amount Spent on Admin Overheads | Rs 0 (Zero administrative expenditure) |
| Excess CSR Spent (Available for Future Set-Off) | Rs 33.66 lakhs (Rs 33,65,845.00) |
| Unspent CSR Amount | Nil |
A Foundation of Purpose: Innova Captab’s CSR Philosophy
Innova Captab’s approach to CSR is rooted in its fundamental value system, which prioritizes “giving back to the society”. The company views CSR as an integral part of its commitment to good corporate citizenship, striving to actively assist in improving the quality of life for people in communities, particularly focusing on socially and economically backward groups, the underprivileged, and the marginalized. This commitment is not merely a legal obligation but a strategic focus on generating both social and environmental benefits, ensuring that their progress aligns with responsible ecological management and community empowerment. The company’s CSR policy, approved by its Board, guides these initiatives and is readily accessible to stakeholders.
Dissecting the Financial Commitment: FY 2025 CSR Spending Report
For the financial year ended March 31, 2025, Innova Captab’s CSR obligation was determined by Section 135(5) of the Companies Act, based on 2% of its average net profit. This amounted to Rs 1.74 crores (Rs 1,73,69,152.00). The company also had a surplus of Rs 22.12 lakhs (Rs 22,12,077.00) from previous financial years available for set-off. After accounting for this set-off, the net total CSR obligation for FY 2025 stood at Rs 1.52 crores (Rs 1,51,57,075.00).
However, Innova Captab’s actual expenditure exceeded this obligation, demonstrating a proactive stance towards social investment. The company spent a total of Rs 2.07 crores (Rs 2,07,34,997.00) on CSR activities during the year. This includes Rs 1.85 crores (Rs 1,85,22,920.00) directly on CSR projects, with no amount spent on administrative overheads related to these initiatives. This excess spending of Rs 33.66 lakhs (Rs 33,65,845.00) is now available for set-off against future CSR obligations in succeeding financial years. The company reported no shortfall in its CSR spending for FY 2025.
Areas of Impact: Initiatives Driving Change
Innova Captab’s CSR activities are diverse, addressing critical societal needs. The nature of CSR activities includes:
- Eradication of hunger and malnutrition.
- Promoting education.
- Promoting rural sports, art, and culture.
- Healthcare.
- Destitute care and rehabilitation.
- Animal welfare.
- Employment enhancing vocational training.
A notable portion of the CSR expenditure, specifically Rs 54 lakhs (Rs 54,00,000.00), was incurred by Univentis Foundation, a subsidiary of Innova Captab, through various implementing agencies. This highlights a collaborative approach within the group to maximize social impact. For instance, initiatives included promoting education through Sarvhitkari Education Society in Sangrur, Punjab, where Rs 2.66 lakhs (Rs 2,65,600.00) was spent. Promoting healthcare and education also saw significant investment, with Rs 55.48 lakhs (Rs 55,47,848.00) channeled through Univentis Foundation in Panchkula, Haryana, and Rs 5 lakhs (Rs 5,00,000.00) through Red Cross Society in Solan, Himachal Pradesh. Another Rs 5 lakhs (Rs 5,00,000.00) was directed to Maharaja Aggarsain Welfare Trust in Panchkula, Haryana, for healthcare promotion. Furthermore, a substantial Rs 1.17 crores (Rs 1,17,09,472.00) was dedicated to employment enhancing vocational skills in Baddi, Solan, Himachal Pradesh, indicating a direct investment in human capital development.
CSR Focus Areas
| Focus Area | Initiatives & Locations |
|---|---|
| Education Promotion | Rs 2.66 lakhs to Sarvhitkari Education Society, Sangrur, Punjab |
| Healthcare Support | Rs 55.48 lakhs via Univentis Foundation, Panchkula, Haryana ₹5 lakhs to Red Cross Society, Solan, Himachal Pradesh ₹5 lakhs to Maharaja Aggarsain Welfare Trust, Panchkula, Haryana |
| Employment Enhancing Vocational Skills | Rs 1.17 crores in Baddi, Solan, Himachal Pradesh |
| Implemented Through | Univentis Foundation (subsidiary), Red Cross Society, Sarvhitkari Education Society, Maharaja Aggarsain Welfare Trust |
Governance and Transparency in CSR
Innova Captab places strong emphasis on transparent and responsible governance of its CSR initiatives. The company has a dedicated Corporate Social Responsibility Committee, comprising key figures like Vinay Lohariwala (Chairman and Managing Director), Manoj Kumar Lohariwala (Chairman and Whole-Time Director), and Sudhir Kumar Bassi (Non-Executive, Independent Director). This committee met once in FY 2025 to oversee the CSR policy and programs, ensuring adherence to statutory provisions and ethical standards. The detailed composition of the CSR Committee, along with its policy and approved projects, is disclosed on the company’s website. This level of transparency reinforces Innova Captab’s commitment to accountability in its social endeavors.
| CSR Policy Status | Board-approved and publicly disclosed on company website |
|---|---|
| CSR Committee Members | Vinay Lohariwala (CMD), Manoj Kumar Lohariwala (Whole-Time Director), Sudhir Kumar Bassi (Independent Director) |
| CSR Committee Meetings in FY25 | One |
| Statutory Compliance | Fully compliant with Companies Act, 2013 provisions |
Outlook: Sustaining the Momentum of Responsible Growth
Innova Captab’s CSR spending in FY 2025 reflects its consistent dedication to making a meaningful difference in the lives of communities. By aligning its business objectives with social responsibility, the company is building a resilient and successful future, not just for itself but for all its stakeholders. The strategic investments in healthcare, education, and vocational skills underscore a long-term vision for sustainable growth that prioritizes human well-being and equitable development. This commitment, alongside robust governance, positions Innova Captab as a leading example of how corporate success can be interwoven with significant social impact.
(India CSR)
