Company surpasses mandated obligation of Rs. 13.30 crore under Section 135 of the Companies Act
NEW DELHI (India CSR): Rashtriya Chemicals and Fertilizers Limited (RCF), a Navratna Public Sector Undertaking under the Ministry of Chemicals and Fertilizers, has reaffirmed its leadership in Corporate Social Responsibility (CSR). In FY 2024-25, the company not only met but exceeded its statutory CSR obligation, investing significantly in community development, sustainability, and social impact initiatives.
CSR Obligation and Actual Spending
As per Section 135 of the Companies Act, 2013, RCF was mandated to spend Rs. 13.30 crore towards CSR activities. Against this requirement, the company spent Rs. 16.19 crore, surpassing the obligation by Rs. 2.89 crore.
| Particulars | Amount (Rs. in crore) |
|---|---|
| Average Net Profit (3 yrs) | 797.56 |
| CSR Obligation (2% of profit) | 15.95 |
| Amount set-off for the year | 2.65 |
| Total CSR Obligation | 13.30 |
| Actual CSR Spent | 16.19 |
The expenditure included Rs. 16.15 crore on CSR projects and Rs. 0.04 crore on impact assessments. No amount was spent on administrative overheads.
Exceeding Compliance
RCF’s CSR compliance reflects its proactive social responsibility mindset. The company’s actual CSR expenditure of Rs. 16.19 crore is higher than the mandated Rs. 15.95 crore, resulting in an excess of Rs. 0.20 crore. This excess, however, was not carried forward for set-off in future years.
| Particulars | Amount (Rs. in crore) |
|---|---|
| CSR Obligation | 15.95 |
| CSR Spent | 16.15 |
| Excess Spent | 0.20 |
Importantly, RCF maintained a zero-unspent record over the past three years, highlighting disciplined CSR planning and execution.
(India CSR)
