Surya Roshni Limited has demonstrated a significant commitment to corporate social responsibility, investing an impressive Rs. 3.53 crore in diverse CSR initiatives over the past year.
Surya Roshni Limited has significantly invested an amount of Rs. 3.53 crore in corporate social responsibility (CSR) activities in the past year 2021-22, fulfilling its obligations under section 135(5) of the Companies Act, 2013. The company has ensured no funds were left unspent on CSR activities during the year under review.
From Humble Beginnings to a Billion-Dollar Enterprise
Having consistently evolved over the past few years, Surya Roshni Limited has emerged as a USD 1 billion enterprise in the financial year 2021-22. With a commitment to contribute to the prosperity of its local communities and long-term sustainability, the company has integrated CSR as an integral part of its daily operations.
Surya Foundation: CSR Arm of Surya Roshni Limited
The Surya Foundation, the dedicated CSR arm of the company, discharges responsibilities in key areas such as health, skill development, and education. The foundation’s initiatives include personality development camps, tree plantation in rural areas, sports tournaments, selai kendra, swatchta abhiyan, blood donation camps, national youth day celebrations, go-utpaad training camps, dakshta varg, madhu makhi training camps, and diary training camps, among others.
Promoting Social Development as a Corporate Citizen
As a responsible corporate citizen, Surya Roshni Limited strives to foster social development by building capacity within the broader society. The company’s CSR endeavours focus on societal well-being and ecological responsibilities, discharged through the Surya Foundation. The foundation’s work spans across Rural Development Programme (Adarsh Gram Yojana Project), Promoting Health Care including Preventive Health Care and other projects as covered under Schedule VII of the Companies Act, 2013.
CSR Expenditure Meets Compliance Standards
During the year under review, Surya Roshni Limited, on a consolidated basis, spent Rs. 3.53 crore on corporate social activities. This expenditure is not less than 2% of the average net profits of the company made during the three immediately preceding financial years, thereby complying with the mandated CSR spending requirements.
Surya Roshni Limited’s CSR Policy: Aligned with National Goals
The “Surya Roshni Limited CSR Policy,” framed as per the provisions of Section 135 and Schedule VII of the Act, outlines the company’s philosophy for delivering its responsibility as a corporate citizen. The policy lays down guidelines, processes, and mechanisms for undertaking socially useful programmes for welfare and sustainable development of the community at large. The key objectives include eradicating hunger, poverty, and malnutrition; promoting healthcare and education; enhancing vocational skills; women empowerment; promoting homes and hostels for women and orphans; reducing inequality faced by socially and economically backward groups; animal welfare; promoting Art & Culture; contributing to the Prime Minister Relief Fund; rural development projects; and addressing environmental issues.
Surya Foundation: An Established Trust with an Exemplary Record
The company has discharged its responsibilities through the Surya Foundation, a public trust registered under the Ministry of Corporate Affairs (MCA) with Registration Number CSR00002663. Established in 1992, the trust has an impressive track record of over 30 years in undertaking CSR-related activities. It is an eligible implementing agency as per the provisions of section 135 of the Act read with the Companies (Corporate Social Responsibility Policy) Rules, 2014.
