Archive · 5 Aug 2026
Lotus Petal Raises ₹55.6 Lakh in First CSR-Rule SSE Issue
Lotus Petal Foundation is a charity that runs a school in India.
In India, big companies must spend some of their money helping people, which is called CSR.
The government changed the rules so companies can use some of that money to buy special bonds.
These special bonds are called ZCZP bonds, and they never pay money back.
Instead, the money goes straight to helping a social project.
Inspired by this new rule, the foundation asked people to buy its first special bond.
It hoped to raise one crore rupees, and it got 55.6 lakh rupees.
That was more than the minimum needed, so the fundraising worked.
One company, GTPL Hathway, gave about a quarter of the money from its helping fund.
The money will pay for one year of school for 160 children, including books, food, and transport.
Gurugram-based Lotus Petal Foundation raised ₹55.6 lakh through its maiden Zero Coupon Zero Principal bond issue on the BSE Social Stock Exchange.
The ₹1-crore issue, which closed on July 31, was successfully completed after crossing the ₹50 lakh minimum subscription requirement.
Corporates accounted for more than half of the funds, with GTPL Hathway Ltd subscribing 26 per cent through its CSR allocation.
The issue was the first SSE offering after the Centre amended CSR Rules to allow companies to deploy up to 10 per cent of annual CSR obligations in eligible ZCZP instruments.
Proceeds will fund one year of education for 160 students in Classes 3 and 5 at Lotus Petal Senior Secondary School in Dhunela, Gurugram.
- Who
- Lotus Petal Foundation, a Gurugram-based charity led by Founder and Managing Trustee Kushal Raj Chakravorty, along with subscribers including GTPL Hathway Ltd and Eureka Securities.
- What
- The foundation raised ₹55.6 lakh through its first Zero Coupon Zero Principal bond issue on the BSE Social Stock Exchange, made eligible for CSR expenditure by a recent government rule change.
- When
- The issue closed on July 31, and the news was published on August 5, 2026.
- Where
- Gurugram, India, on the BSE Social Stock Exchange; the funds will support Lotus Petal Senior Secondary School in Dhunela, Gurugram.
- Why
- To fund one year of education for 160 students, following the Centre's amendment of CSR Rules allowing companies to deploy up to 10 per cent of annual CSR obligations through eligible ZCZP instruments.
- Organisation
- Lotus Petal Foundation (Gurugram)
- Amount raised
- ₹55.6 lakh against a ₹1-crore target
- Instrument
- Zero Coupon Zero Principal (ZCZP) bond
- Exchange
- BSE Social Stock Exchange (SSE)
- Issue close date
- July 31
- Largest corporate subscriber
- GTPL Hathway Ltd (26% via CSR allocation)
- Retail participation
- Approximately 22-25%
- Beneficiaries
- 160 students in Classes 3 and 5, Lotus Petal Senior Secondary School, Dhunela, Gurugram