Date: July 07, 2026

GENERAL DISCLOSURES

BASIC DETAILS

  • Corporate identity number: L99999GJ1975PLC002859
  • Year of incorporation: 1975
  • Corporate office: Atul 396 020, Gujarat, India
  • Contact: sec@atul.co.in, (+91 2632) 230000
  • Financial year: 2025-26
  • Listed on: BSE Ltd and National Stock Exchange of India Ltd
  • Paid-up capital: ₹29,44,17,550
  • Contact person: Mr Vivek Gadre
  • Reporting boundary: Standalone basis for Atul Ltd
  • Assurance provider: Deutsch Quality Systems (India) Private Limited
  • Assurance type: Reasonable assurance for BRSR core indicators

BUSINESS ACTIVITIES

  • Life Science Chemicals: 29% of business (R&D, technology, procurement, manufacturing, sales and marketing)
  • Performance and Other Chemicals: 70% of business
  • Others: 1% of business

PRODUCTS/SERVICES

  • Intermediates: 32% of total turnover (NIC code 201)
  • Epoxy resins and hardeners: 37% of total turnover (NIC code 202)
  • Herbicides: 18% of total turnover (NIC code 202)
  • Textile dyestuffs: 13% of total turnover (NIC code 202)

OPERATIONS

  • Number of locations in India: 12 total (4 offices, 8 plants)
  • Markets served: International (88 countries), National (29 states)
  • Export contribution: 42% of total turnover
  • Customers: ~4,000 customers belonging to ~32 diverse industries

EMPLOYEES

  • Total workers: 4,409 (Permanent: 1,441, Other than permanent: 2,968)
  • Differently abled employees: 3 managers, 1 worker
  • Women representation: Board of Directors 8% (1 out of 12), KMP 0% (0 out of 6)
  • Turnover rate for permanent employees: Managers 15%, Workers 11%

FINANCIAL METRICS

  • Turnover: ₹5,564 crore
  • Net worth: ₹6,056 crore
  • CSR applicable: Yes

MATERIAL RESPONSIBLE BUSINESS CONDUCT AREAS

Climate Change (Risk - Negative Financial Implications)

  • Principal risk due to reliance on coal contributing to greenhouse gas emissions
  • Mitigating actions: Validating SBTi targets, decarbonisation plan, energy-efficient measures, renewable energy transition, carbon credit exploration

Water Management (Opportunity - Positive Financial Implications)

  • Risk due to significant water requirements in manufacturing
  • Mitigating actions: Water audits, monitoring mechanism, rainwater harvesting, waterless technologies, greywater usage, condensate recovery, water recycling

Waste Management (Opportunity - Positive Financial Implications)

  • Significant waste and solvents generation
  • Mitigating actions: Green chemistry principles, value-added product extraction from waste, waste to raw materials, sustainability in R&D, emissions reduction, plastic waste recycling, domestic waste to manure

Customer Relations (Opportunity - Positive Financial Implications)

  • Serves ~4,000 customers across 32 industries
  • Mitigating actions: Multiple engagement channels, customer needs integration, satisfaction index improvement

Occupational Health and Safety (Risk - Negative Financial Implications)

  • Inherent risks from machinery, material-handling, hazardous materials
  • Mitigating actions: ISO 45001:2018 implementation, zero harm initiatives, risk assessments, audits, action plan closure

Employee Development (Opportunity - Positive Financial Implications)

  • Continuous process focusing on learning initiatives, skill enhancement through role rotations and enrichments

Innovation and Technology (Opportunity - Positive Financial Implications)

  • Focus on green chemistry integration, novel technologies implementation

Logistics and Sustainable Sourcing (Opportunity - Positive Financial Implications)

  • Actions: ESG capacity building in suppliers, supplier assessment framework, sustainability evaluation audits, third-party supplier audits, digital technology for transparency, route optimization, electric vehicles

MANAGEMENT AND PROCESS DISCLOSURES

GOVERNANCE AND OVERSIGHT

  • Policies cover all NGRBC principles, approved by Board, in process of website publication
  • Policies translated into procedures and extend to value chain partners
  • Conforms to international standards (ISO 9000, ISO 14000, OHSAS 18000/ISO 45000), UN Global Compact, ILO principles
  • Sustainable procurement certification (ISO 20400) acquired
  • Board of Directors responsible for implementation oversight
  • Whole-time Director appointed for policy implementation
  • Quarterly review of performance against policies and statutory compliance
  • Functional review mechanism with independent internal audit process

PRINCIPLE-WISE PERFORMANCE DISCLOSURES

PRINCIPLE 1: ETHICAL, TRANSPARENT CONDUCT

  • Training coverage: KMP 100% (4 persons), Employees 100% (9 topics)
  • No fines/penalties/settlements for Company or Directors/KMP
  • Anti-corruption policy via code of conduct on company website
  • No disciplinary actions for bribery/corruption
  • No conflict of interest complaints
  • Accounts payable days: 68 days (2025-26) vs 54 days (2024-25)
  • Purchase concentration: 5% from top 10 trading houses
  • Sales to dealers/distributors: 28% of total sales
  • Related party transactions: Purchases 10%, Sales 11%, Loans & advances 100%, Investments 35%

PRINCIPLE 2: SUSTAINABLE PRODUCTS/SERVICES

  • R&D spend on environmental/social improvements: 50% (2025-26) vs 30% (2024-25)
  • Improvements: Yield increase in 6 products, raw material consumption decrease in 10 products, solvent consumption decrease in 3 products, cycle time decrease in 11 products
  • CapEx spend on environmental/social improvements: Not quantified but includes fire safety, scrubbers, effluent treatment, solar systems, amenity upgrades
  • Sustainable sourcing procedures in place, 93% inputs sourced sustainably
  • EPR applicable with waste collection plan aligned with CPCB submission
  • Life cycle assessment conducted for 4 products, product carbon footprint for 12 products
  • Waste recycling: 7.26% of waste recycled
  • Product reclamation: Plastics 1,227.81 MT reused, 107 MT safely disposed; E-waste 0.90 MT reused; Hazardous waste 8,647.37 MT safely disposed; Other waste 250.50 MT recycled, 40.56 MT safely disposed

PRINCIPLE 3: EMPLOYEE WELL-BEING

  • Well-being measures: 100% coverage for permanent managers/workers in health insurance, accident insurance, gratuity; 96% coverage for other than permanent workers in accident insurance
  • Spending on well-being measures: 0.05% of total revenue
  • Retirement benefits: 100% coverage for provident fund, gratuity; 6-81% coverage for ESI
  • Workplace accessibility: Most locations accessible to differently abled
  • Equal opportunity policy in place
  • Parental leave return-to-work and retention rates: 100% for both genders
  • Grievance mechanism: Complaints to immediate managers or HR managers
  • Union membership: 6% of male permanent employees
  • Training: 69% skill training, 96% environment and safety training coverage
  • Performance reviews: 100% coverage for permanent employees
  • OHS management: ISO 45001:2018 implemented, 100% coverage
  • Safety performance: Total recordable injury rate 0.14, Lost day rate 5, Total recordable work-related injuries 6, Fatalities 0
  • No complaints on working conditions or health and safety
  • 100% plants/offices assessed for health/safety practices and working conditions

PRINCIPLE 4: STAKEHOLDER RESPONSIVENESS

  • Stakeholder groups identified: Employees, customers, suppliers, communities, shareholders
  • Engagement with vulnerable/marginalized groups: Not applicable as no groups identified as vulnerable/marginalized
  • Consultation processes: Business/Function heads interact with stakeholders and provide updates to Board
  • Environmental/social topics incorporated into policies based on materiality study
  • Vulnerable/marginalized concerns addressed through Atul Foundation Trust programs

PRINCIPLE 5: HUMAN RIGHTS

  • Human rights training: 67% of permanent employees covered
  • Minimum wages: 100% employees paid more than minimum wage
  • Median remuneration: Board males ₹28.35L, female ₹16.00L; KMP ₹2.52 crore; Other employees male ₹4.46L, female ₹6.71L
  • Gross wages to females: 5.92% of total wages
  • Human rights focal point: In progress
  • Grievance mechanism: Same as other grievances with independent investigation
  • No complaints on child labor, forced labor, discrimination, sexual harassment, wages, or other human rights issues
  • No complaints under Sexual Harassment Act
  • Confidentiality measures in place for discrimination/harassment cases
  • Human rights included in business agreements/contracts
  • 100% plants/offices assessed for human rights parameters
  • No significant risks from human rights assessments
  • Human rights due-diligence score: 96% through Together-for-Sustainability audit
  • 93% value chain partners assessed for human rights (by value)

PRINCIPLE 6: ENVIRONMENTAL PROTECTION

Energy Consumption

  • Total energy consumption: 69,42,624 GJ (2025-26)
  • Renewable sources: 2,15,752 GJ (electricity)
  • Non-renewable sources: 67,26,873 GJ (electricity 6,66,041 GJ, fuel 46,25,464 GJ, other 14,35,367 GJ)
  • Energy intensity: 126.34 GJ/₹ million turnover, 6.21 GJ/$ million PPP, 12.87 GJ/MT

Carbon Credit Trading Scheme

  • Baseline assessment completed for 2023-24
  • GHG emission intensity for Chlor-Alkali: 2.9820 tCO2e/tonne product
  • Reduction targets: 2.9134 tCO2e (FY 2025-26), 2.7342 tCO2e (FY 2026-27)

Water Management

  • Water withdrawal: 41,60,688 kL (surface water 30,11,337 kL, third-party 37,375 kL, rainwater 11,11,976 kL)
  • Water consumption: 7,71,537 kL
  • Water intensity: 75.72 kL/₹ million revenue, 3.72 kL/$ million PPP, 7.71 kL/MT
  • Water discharge: 33,89,151 kL to seawater with advanced treatment
  • Zero liquid discharge: Fully implemented at Ankleshwar and Tarapur sites, commissioning at Atul site

Air Emissions

  • NOx: 69.08 MT/year
  • SOx: 51.96 MT/year
  • Particulate matter: 11.45 MT/year
  • Hazardous air pollutants: 5.14 MT/year

GHG Emissions

  • Scope 1: 4,05,558 tCO2e
  • Scope 2: 2,02,993 tCO2e
  • Total Scope 1+2: 6,08,550 tCO2e
  • Intensity: 11.99 tCO2e/₹ million turnover, 0.59 tCO2e/$ million PPP, 1.06 tCO2e/MT

GHG Reduction Projects

Multiple projects including steam recovery, boiler optimization, hybrid power, utility consumption reduction, LED lighting, compressor optimization, hydrogen usage, VFD installation, energy conservation turbines, solar panels

Waste Management

  • Total waste generated: 1,44,490.51 MT
  • Plastic waste: 2,511.17 MT
  • E-waste: 1.86 MT
  • Bio-medical waste: 0.059 MT
  • Construction waste: 245.7 MT
  • Battery waste: 19.47 MT (639 numbers)
  • Hazardous waste: 90,004.53 MT
  • Non-hazardous waste: 51,707.64 MT
  • Waste intensity: 2.63 MT/₹ million turnover, 0.13 MT/$ million PPP, 0.27 MT/MT
  • Waste recovered: 1,25,529.65 MT
  • Waste disposed: Incineration 1,208.43 MT, Landfilling 15,044.55 MT, Other 2,830.56 MT

Environmental Compliance

  • Compliant with Water Act, Air Act, Environment Protection Act and rules
  • No operations in ecologically sensitive areas requiring approvals
  • No impact assessments required in current financial year

Scope 3 Emissions

  • Total Scope 3: 19,11,879 tCO2e
  • Intensity: 34.79 tCO2e/₹ million turnover, 3.54 tCO2e/MT
  • No external assurance for Scope 3

Innovative Environmental Initiatives

Multiple initiatives including VOC elimination, ammonia emission reduction, green belt development, condensate recovery, energy-recovery turbines, waste heat recovery, rainwater harvesting, sewage treatment, solar installation

Business Continuity

  • Disaster management plan incorporated into emergency plans
  • Regular offsite emergency rehearsals conducted

Value Chain Assessment

  • 93% value chain partners assessed for environmental impacts (by value)
  • No significant adverse environmental impacts from value chain

PRINCIPLE 7: RESPONSIBLE POLICY INFLUENCE

-Affiliations with 10 trade/industry associations at national and international levels

-No corrective actions needed on anti-competitive conduct

PRINCIPLE 8: INCLUSIVE DEVELOPMENT

-No social impact assessments required

-No rehabilitation/resettlement projects

-Community grievance mechanism through site-level committee

-17% inputs sourced from MSMEs/small producers

-82% inputs sourced from within India

-Job creation: Rural 74.98% wages, Semi-urban 8.90%, Urban 3.24%, Metropolitan 12.88%

-CSR projects in designated aspirational districts: Not specified

-Preferential procurement from MSMEs and women-owned enterprises: 17% of total spend

-No traditional knowledge-based IP benefits

-No IP disputes involving traditional knowledge

CSR Beneficiaries

32 CSR projects across education, empowerment, health, relief, infrastructure, conservation with 100% beneficiaries from vulnerable/marginalized groups

Total beneficiaries: Education (36,747), Empowerment (54,559), Health (79,364), Relief (387), Infrastructure (37,505), Conservation (74,179)

PRINCIPLE 9: CUSTOMER RESPONSIBILITY

-Customer complaint mechanism with portal, 48-hour acknowledgment, 7-day resolution

-100% products carry environment/social, recycling/safe disposal, safe usage information

-Customer complaints: 417 received, 31 pending resolution (others category)

-No product recalls

-Information Security Policy in place

-No issues with advertising, essential services, cybersecurity, data privacy, product safety

-No data breaches

-Product information on website www.atul.co.in

-Consumer education through safety data sheets, technical sheets, training

-Advance notice for maintenance shutdowns/disruptions

-Product information beyond regulatory requirements provided

-Regular customer satisfaction surveys conducted

INDEPENDENT ASSURANCE STATEMENT

Assurance Provider: Deutsch Quality Systems (India) Private Limited

Period: May-June 2025, concluded June 5-6, 2025

Scope: BRSR core indicators for 2024-25 only

Assurance Level: Reasonable assurance following ISAE 3000

Conclusion: BRSR core disclosures fairly stated in all material respects according to SEBI framework

Verified BRSR Core Indicators:

  • Employee wellbeing and safety spending (0.05% of revenue)
  • Safety incidents (0.14 recordable injury rate, 5 lost day rate, 6 injuries, 0 fatalities)
  • Gender diversity (5.92% female wages of total)
  • Energy consumption (69,42,624 GJ total, 3.11% from renewable)
  • Water consumption (7,71,537 kL)
  • GHG emissions (6,08,550 tCO2e Scope 1+2)
  • Waste generation (1,44,490.51 MT total)
  • MSME sourcing (17%)
  • Rural wages (74.98% of total)
  • Customer data breaches (0% of cybersecurity events)

Observations: No key stakeholders excluded, no material topics omitted, robust responsiveness processes, effective impact management, reliable data processes