Promotes Preventive Healthcare Through Cancer Vaccination Program in Delhi
NEW DELHI (India CSR): In FY 2023-24, K2 Infragen Limited, a reputed infrastructure development company, reaffirmed its dedication to social responsibility by spending Rs 10.85 lakh on Corporate Social Responsibility (CSR) activities. Staying true to its CSR Policy that emphasizes the well-being and sustainable development of underprivileged communities, the company contributed to cancer prevention vaccination programs—a crucial initiative under preventive healthcare.
The company’s CSR contribution met the mandatory requirement under Section 135 of the Companies Act, 2013, showcasing transparency, compliance, and ethical responsibility.
CSR Policy and Governance Structure
K2 Infragen Limited has instituted a clear and comprehensive CSR Policy, available on its official website www.k2infra.com. The CSR Committee, formed by the Board of Directors, governs the planning, execution, and monitoring of CSR initiatives.
The policy underscores K2 Infragen’s philosophy of inclusive development and its intention to focus on disadvantaged and underserved sections of society. The initiatives cover a broad spectrum of areas outlined in Schedule VII of the Companies Act.
Financial Overview of CSR Compliance
K2 Infragen Limited’s CSR spending for FY 2023-24:
| Particulars | Details |
|---|---|
| Company Name | K2 Infragen Limited |
| Financial Year | 2023–24 |
| Average Net Profit (Last 3 Years) | Rs 541.56 lakh |
| Mandatory CSR Obligation (2% of Avg. Profit) | Rs 10.85 lakh |
| Total CSR Amount Spent | Rs 10.85 lakh |
| Unspent Amount | Nil |
| Excess Amount Spent | Nil |
| Primary Focus Area | Promoting healthcare (Preventive Healthcare) |
| CSR Project Name | Cancer Prevention Vaccination |
| Project Location | Delhi |
| Local Area Project | No |
| Mode of Implementation | Indirect (via NGO) |
| Implementing Agency | Global Social Welfare Organisation |
| CSR Registration Number of Agency | CSR00065147 |
| Ongoing Projects | None |
| Administrative Overheads | Not Applicable |
| Impact Assessment | Not Applicable |
| CSR Policy Available At | www.k2infra.com |
Healthcare at the Core: Cancer Prevention Vaccination
Project Highlight
- Name of Project: Cancer Prevention Vaccination
- Category (as per Schedule VII): Clause (i) – Promoting healthcare including preventive healthcare
- Location: Delhi, India
- Implementation Partner: Global Social Welfare Organisation (CSR Reg. No.: CSR00065147)
The company’s focus on preventive healthcare aligns with national health priorities. By supporting a cancer prevention vaccination program in the national capital, K2 Infragen made a timely intervention to reduce long-term healthcare risks, especially for vulnerable groups.
Mode of Implementation
The CSR initiative was executed through an external implementing agency, ensuring specialized delivery and monitoring. The selected NGO, Global Social Welfare Organisation, is a registered and recognized body with a proven track record in public health interventions.
This partnership model allowed the company to leverage domain expertise, community outreach, and cost-effective implementation, thereby enhancing the impact and reach of the program.
No Ongoing Projects or Administrative Expenses
K2 Infragen Limited reported no ongoing multi-year projects under CSR for FY 2023-24. Additionally, the company incurred no administrative overheads or impact assessment costs, focusing all funds on the program’s core execution.
This direct spending model reflects lean, targeted, and transparent CSR practices, optimizing outcomes for the intended beneficiaries.
Legal Compliance and Transparency
The company has demonstrated complete legal compliance with the CSR provisions laid out in the Companies Act. All relevant disclosures related to CSR committee composition, policy adoption, and expenditure details are publicly accessible, reinforcing its commitment to accountability.
Looking Ahead: A Vision for Holistic Development
While K2 Infragen Limited’s CSR focus in 2023-24 was on healthcare, the company’s policy allows for flexible diversification into other areas such as education, rural development, environmental sustainability, and livelihood generation in future years.
As a corporate citizen, K2 Infragen is expected to further scale its impact through deeper community engagement and larger CSR budgets as the business grows.
You Learn: A Step Toward Healthier Communities
Through its well-planned CSR strategy and timely action, K2 Infragen Limited has shown how corporate responsibility can be aligned with national health priorities. By allocating its entire CSR budget to a life-saving healthcare initiative, the company has contributed meaningfully to public health and societal welfare.
(India CSR)
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