Lupin Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

###### 72. Donations under Note 36 includes donations for political purposes

Pursuant to the Resolution passed at a meeting of the Board of Directors, donation includes amount of ₹ 250 million to Prudent Electoral Trust, which is within the limits specified by Section 182(1) of the Companies Act, 2013. The said amount is required to be distributed directly/indirectly by the Trust, to various eligible political parties (registered under Section 29A of the Representation of the People Act, 1951), as per the provisions of the Income Tax Act, 1961. [...] During the previous year, donations for political purpose amounting to ₹ 180 million were made through Electoral Bonds.

https://www.lupin.com/esg-report/img/reports/lupin-integrated-report_2023-24.pdf