Vaibhav Global provides 40 million meals through its One for One program

Vaibhav Global Limited (VGL), an electronic retailer of fashion jewellery, accessories, lifestyle and essential products in developed markets, continues to focus on its goal of contributing to ending the problem of childhood hunger and recently crossed an important milestone of having delivered over 40 million meals to under-privileged children through its flagship One for One program.

Under the program, one meal is provided to school going children for every product sold at VGL's retail channels, namely Shop LC in the US and TJC in the UK. VGL has tied up with charity experts that are registered locally which includes 'Akshaya Patra' in India, 'No Kid Hungry' in US and 'Magic Breakfast' in UK to effectively deliver fresh and nutritious meals to these children. Akshaya Patra is a non-profit organization headquartered in Bengaluru, India, which aims to eradicate classroom hunger by incorporating the Mid-Day Meal Scheme in government schools and government aided schools. No Kid Hungry is a nationwide solution to eliminate childhood hunger in the US and connect children in need to healthy meals. Magic Breakfast is a charity based in England and Scotland that ensures that no child is too hungry to learn by providing healthy nutritious breakfasts to children at risk of hunger.

At TJC, UK, the One for One Program was initiated in January 2015 and at Shop LC, US, in October 2017.

Commenting on this milestone, Mr. Vineet Ganeriwala, Group Chief Financial Officer of Vaibhav Global Limited said - "Community give back is integral to the Company culture in a way that it is linked to every sale thereby involving employee engagement while aligning customer spending to societal inclusiveness. Our One for One Program is defined to achieve this objective of providing the right nourishment to underprivileged school going children. I am humbled to share that we have delivered 40 million meals since the inception of the program and we shall continue to work with greater commitment towards ending childhood hunger."

Shares of Vaibhav Global Ltd was last trading in BSE at Rs.1315 as compared to the previous close of Rs. 1310.05. The total number of shares traded during the day was 69 in over 22 trades.

The stock hit an intraday high of Rs. 1317.15 and intraday low of 1300.1. The net turnover during the day was Rs. 90390.

Source : Equity Bulls

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