Annual Action Plan for F.Y 2023-24
Background: As per the provisions of the Section 135 of the Companies Act, 2013 and Corporate Social Responsibility (CSR) Rules, 2014, during the Financial Year 2023-24, Globus Infocom Limited is required to spend 2% of its average net profits during the immediately preceding 3 financial years on CSR activities. The total CSR amount to be contributed for the F.Y 2023-24 is Rs.1,36,77,810/- (2% of the average profit).
CSR PROJECTS APPROVED BY THE COMPANY TO BE UNDERTAKEN FOR THE FINANCIAL YEAR 2023-24
|
S.No |
Focus Area from Schedule VII |
Funds Allocation (INR) |
Brief about the initiative |
Location |
|
|
1 |
Promoting education |
Entry (ii) to schedule VII (Education and women empowerment) |
1,23,900/- (Contribution in Kind) |
Objective - to enhance the access to quality education in India. The company supports this initiative and has been working in the areas of education for the children by making education digitise & skill development. It is also a demonstration of interactive teaching method for schools’ teachers. The company believes that strengthening the education system is an essential investment in our country’s future and have pledged to contribute towards it. |
PAN India |
|
2 |
Contribution to Prime Minister’s Relief Fund |
Entry (viii) to schedule VII (Socio-economic development) |
1,35,53,910/- |
General contribution for overall sustainability. |
PAN India |
|
Total |
1,36,77,810 |
|
|
||