Servotech Renewable Power Systems Launches Not-for-Profit CSR Foundation

RENEWABLES

Overview

Servotech Renewable Power Systems has established Servotech Foundation, a wholly-owned, not-for-profit subsidiary. This entity will spearhead the company's Corporate Social Responsibility initiatives, focusing on education, employability, environmental sustainability, and community welfare, reinforcing Servotech's commitment to broader societal impact alongside its EV charging business.

Servotech Renewable Power Systems Establishes CSR Arm

Servotech Renewable Power Systems Ltd. has announced the incorporation of its wholly-owned subsidiary, Servotech Foundation. Registered as a Section 8 not-for-profit company, the foundation has an authorized and paid-up share capital of ₹1,00,000. This new entity is designed to serve as the dedicated Corporate Social Responsibility (CSR) arm for the parent company.

Mission and Objectives

The foundation's core mission is to focus on high-impact areas including education, employability, entrepreneurship, and environmental sustainability. By aligning with Schedule VII of the Companies Act, 2013, Servotech Foundation will plan and execute initiatives in health, nutrition, and sustainable development. While its establishment is a related-party transaction, its primary purpose is to streamline and enhance Servotech's social responsibility efforts and foster long-term community welfare.

Company Background and Performance

Servotech Renewable Power Systems, formerly Servotech Power Systems Ltd., is a key player in India's advanced EV charging solutions market. The NSE-listed company leverages over two decades of expertise in electronics to design and develop a wide range of AC and DC chargers. With a market capitalization exceeding ₹1,400 crore, the stock has demonstrated significant investor returns, surging from ₹2.08 to ₹65.21 per share over the past five years, representing growth of over 3,000 per cent.

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