Announced Fri, 14 Aug · 13:12 IST
Board adopts revised Corporate Social Responsibility Policy
Price
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Price reaction · full curve 14 horizons · vs prior close
-7.8%1-day move
₹60.50
prior close
₹62.00
base price
In-mkt
timing
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AI summary
Luxury Time's Board approved a revised CSR Policy on August 14, 2026, aligned with Section 135 of the Companies Act, 2013 and CSR Rules 2014. It sets guiding principles, governance, implementation, and monitoring for CSR activities. Focus areas include education, healthcare, environment, rural development, and other Schedule VII items. Mandates spending 2 percent of average net profits of three preceding years on CSR. Revised policy is on the company website.
Likely market impact
Routine policy update with no direct material impact on shareholders or stock price. Compliance requirement under Companies Act.