NEW DELHI (India CSR): UFlex Limited’s latest annual report for the financial year 2024-25 presents a detailed picture of its Corporate Social Responsibility (CSR) spending and fund management. While the company continued its efforts in areas such as health, education, and rural development, the report also highlights a significant unspent CSR amount of Rs 2.55 crore. This amount, according to the annual report, has been allocated to ongoing projects, mainly a school construction initiative in Greater Noida. The disclosure reflects a growing trend where companies are balancing immediate social interventions with long-term infrastructure development. At the same time, UFlex reported spending Rs 2.67 crore on various CSR activities during the year. Together, these figures show how the company is managing both current impact and future commitments. The report provides a closer look at how CSR funds are planned, used, and carried forward in compliance with regulatory requirements.
CSR Obligation and Unspent Amount Explained
The annual report states that UFlex Limited calculated its CSR obligation as per the Companies Act, 2013. The company reported an average net profit of Rs 270.86 crore for the last three financial years. Based on this, its CSR obligation for 2025 was Rs 5.42 crore.
After adjusting an excess amount of Rs 19.81 lakh from previous years, the net CSR obligation came to around Rs 5.22 crore. However, the company spent Rs 2.67 crore during the year on various CSR initiatives.
This created a gap of Rs 2.55 crore, which has been classified as unspent CSR funds. According to the annual report, this amount has been transferred to a dedicated “Unspent CSR Account” on April 25, 2025, in compliance with Section 135(6) of the Companies Act. This step ensures that the funds are preserved and used only for specific ongoing projects within the prescribed time.
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Table: UFlex Limited CSR Unspent Funds FY2025
| Particulars | Details |
|---|---|
| Company Name | UFlex Limited |
| Financial Year | 2024-25 |
| Average Net Profit (3 Years) | Rs 270.86 Crore |
| Total CSR Obligation | Rs 5.42 Crore |
| Net CSR Obligation (Adjusted) | Rs 5.22 Crore |
| Total CSR Spent | Rs 2.67 Crore |
| Unspent CSR Amount | Rs 2.55 Crore |
| Transfer to Unspent CSR Account | April 25, 2025 |
| Key Reason for Unspent Funds | Ongoing School Project |
| Major Ongoing Project | School Construction, Greater Noida |
| Key Focus Areas | Health, Education, Clean Energy, Water |
| Primary Beneficiary Regions | Madhya Pradesh, Delhi NCR, Uttar Pradesh |
Why Funds Remained Unspent
The report highlights that the unspent amount is not due to lack of planning but is linked to the nature of certain projects. Large infrastructure initiatives, especially in education, require multiple phases and cannot be completed within a single financial year.
According to the annual report, the primary reason for the unspent balance is a school construction project in Greater Noida, Uttar Pradesh. This project involves planning, approvals, and phased construction, which extends beyond one financial cycle.
The report states that part of the CSR funds has already been used for this project during the year, while the remaining amount will be spent as the project progresses in the coming financial periods. This reflects a structured approach where funds are allocated based on project timelines rather than rushed spending.
Major Ongoing Project: School Infrastructure in Greater Noida
A key highlight of the CSR report is the school building project in Greater Noida. The annual report states that this project aims to create long-term educational infrastructure for local communities.
The remaining Rs 2.55 crore has been earmarked for this project, indicating that it is a central focus of the company’s CSR strategy going forward. Infrastructure projects such as school construction typically involve land preparation, building work, and installation of facilities, all of which require time and phased funding.
The report highlights that once completed, the project is expected to benefit a large number of students by improving access to quality education. This type of investment is seen as a long-term contribution rather than a one-time activity.
CSR Spending and Immediate Impact
While a portion of the funds remained unspent, the company carried out several initiatives during the year. The annual report states that Rs 2.67 crore was spent on different CSR projects across India.
A significant share of this spending was directed towards rural development in Barwani district of Madhya Pradesh. According to the report, UFlex distributed 4,000 improved cookstoves in the region. These stoves help reduce indoor air pollution and improve health conditions for families.
In addition, 3,700 water filters were distributed, benefiting around 18,500 people. The report highlights that access to clean drinking water has helped reduce the risk of water-borne diseases in these communities.
Healthcare Initiatives for Informal Workers
The annual report also highlights CSR activities in urban areas, especially in Delhi NCR. UFlex focused on supporting informal waste workers, who often have limited access to healthcare.
Health camps were organised for more than 1,000 workers. These camps provided basic medical services, including eye check-ups and mental health support. The report also mentions awareness sessions on menstrual hygiene for women workers.
Such initiatives aim to address immediate health needs while also raising awareness about long-term well-being.
Broader Social Initiatives in Education and Wellness
Apart from the major ongoing school project, UFlex’s CSR activities also included smaller education and community development efforts. The annual report states that smart classrooms were set up to support digital learning, benefiting around 4,000 students.
Infrastructure improvements in schools helped more than 2,000 children by creating better learning environments. Open-air gyms were also installed in communities, with an estimated reach of over 20,000 people.
Another initiative, AbhiKIDS Care Stations, supported over 1,000 children by providing care and development services.
Compliance and Governance Framework
The management of CSR funds at UFlex is overseen by a dedicated CSR Committee. According to the annual report, the committee monitors project implementation and ensures compliance with regulatory requirements.
The transfer of unspent funds to a separate account is part of this compliance process. The Companies Act requires companies to either spend their CSR obligation within the year or allocate it to ongoing projects through a formal mechanism.
The report highlights that UFlex has followed these rules, ensuring transparency in how funds are handled and reported.
Balancing Immediate Needs and Long-Term Goals
The CSR report shows that UFlex has adopted a balanced approach. While immediate needs such as healthcare, clean water, and sanitation have been addressed through direct interventions, larger projects like school construction are being planned over a longer period.
According to the annual report, this approach allows the company to create both short-term impact and long-term value. However, it also means that some funds may remain unspent within a given financial year due to project timelines.
You Learn
UFlex Limited’s disclosure of Rs 2.55 crore in unspent CSR funds for 2025 provides insight into how companies manage large-scale social projects. While the gap between obligation and spending may appear significant, the annual report makes it clear that these funds are tied to ongoing initiatives and have been allocated as per legal requirements.
From rural development in Madhya Pradesh to infrastructure planning in Uttar Pradesh, the company’s CSR strategy reflects a mix of immediate action and future planning. The coming years will be important in tracking how the unspent funds are utilised and whether the planned projects deliver the expected social outcomes.
As CSR reporting becomes more transparent, such detailed disclosures help stakeholders understand not just how much is spent, but how effectively it is planned and executed.
(India CSR)
