Date: July 10, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

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Financial Results

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Auditor’s Report

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Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

Business Responsibility & Sustainability Report Disclosure:

The Board of Directors shared the Company's 4th Business Responsibility and Sustainability Report (BRSR) for FY2025-26 (April 1, 2025 to March 31, 2026). The report is aligned with the nine principles of the National Guidelines for Responsible Business Conduct (NGRBC) notified by the Ministry of Corporate Affairs and the UN Sustainable Development Goals.

General Disclosures:

  • Corporate Identity: CIN L31500MH1938PLC009887, Incorporated 1938
  • Corporate Office: 27th and 26th Floors, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai 400013
  • Paid-up Capital: ₹23,07,81,426
  • Reporting Boundary: Standalone basis
  • Assurance Provider: MMJC Consultancy LLP (Reasonable assessment on BRSR Core indicators)

Business Activities:

  • Manufacturing and Trading of Consumer Products (74.91% of turnover) - Fans, Domestic Appliances, Kitchen appliances, Non-Electrical Kitchen Aids
  • Manufacturing and Trading of Lighting Products (25.09% of turnover) - LED products, professional lighting, solar solutions, wires and switchgears

Operations:

  • 27 National locations (4 plants, 23 offices)
  • 1 International office
  • Serves 31 Indian states and ~20 international countries
  • Export contribution: ~2.30% of total turnover

Employees (as of March 31, 2026):

  • Permanent Employees: 1,427 (1,312 male, 115 female)
  • Other than Permanent Employees: 2,278 (1,794 male, 484 female)
  • Permanent Workers: 73 (all male)
  • Other than Permanent Workers: 1,036 (778 male, 258 female)
  • Differently Abled Employees: 1 (male)
  • Women Representation: Board 20% (2/10), KMP 0% (0/3)
  • Turnover Rate: Permanent Employees 27.68%, Permanent Workers 0.00%

Holding/Subsidiary/Associate Companies:

  • Hind Lamps Private Limited (Associate, 19% holding)
  • 5 Employee Welfare Fund Joint Ventures (67.07% holding each)

CSR Applicability: Yes (Turnover: ₹4,46,215.98 lakh, Net worth: ₹1,48,303.49 lakh)

Material Responsible Business Conduct Issues:

The report identifies 15 material issues with risk/opportunity assessment and mitigation approaches:

1. Product Quality and Safety (Risk)

2. Climate Action, Energy & Emissions (Risk & Opportunity)

3. Occupational Health and Safety (Risk)

4. Innovation & Technology (Opportunity)

5. Sustainable Supply Chain Management (Risk)

6. Circular Economy and Waste Management (Risk)

7. Governance (Risk & Opportunity)

8. Business Ethics and Compliance (Risk)

9. Human Capital Development (Risk & Opportunity)

10. Data Privacy & Cybersecurity (Risk)

11. Customer Satisfaction (Risk & Opportunity)

12. Water Stewardship (Risk & Opportunity)

13. Diversity, Inclusion and Human Rights (Risk & Opportunity)

14. Community Engagement (Opportunity)

15. Product Marketing & Labelling (Risk)

Principle-wise Performance Disclosure:

Principle 1 (Ethical Conduct):

  • Anti-corruption/anti-bribery policy in place
  • 0 fines/penalties paid in proceedings
  • 0 disciplinary actions for bribery/corruption
  • Accounts payable days: 55.09 (FY2026) vs 49.22 (FY2025)

Principle 2 (Sustainable Products):

  • 87.81% of R&D investment in technologies to improve environmental/social impacts
  • 97% of inputs sourced sustainably for Consumer Products segment
  • Robust waste reclamation processes for plastics, e-waste, hazardous waste
  • 100% EPR compliance achieved for electronic waste targets
  • 1,732.60 MT plastic waste and 19,905.98 MT e-waste recycled in FY2026

Principle 3 (Employee Well-being):

  • 100% of permanent employees covered by health insurance, accident insurance, gratuity, provident fund
  • Equal Opportunity Employer Policy in place
  • Return to work rate after parental leave: 100% for both genders
  • Comprehensive grievance mechanisms available for all employee categories

Principle 4 (Stakeholder Responsiveness):

  • Structured stakeholder identification and engagement process
  • Regular engagement with investors, employees, distributors/vendors/dealers, customers, local communities

Principle 5 (Human Rights):

  • 99.67% of employees provided training on human rights issues
  • 100% of permanent employees paid more than minimum wage
  • Median remuneration: BoD ₹25L (male), ₹18.09L (female); KMP ₹98.91L; Other employees ₹14.28L (male), ₹13.33L (female)
  • 0 complaints on sexual harassment, discrimination, child labor, forced labor

Principle 6 (Environmental Protection):

  • Energy Consumption: 52,807.66 GJ total (7,867.86 GJ renewable, 44,939.80 GJ non-renewable)
  • Water Management: 49,185.69 KL withdrawal, 49,185.69 KL consumption, 0 KL discharge
  • Zero Liquid Discharge implemented at all manufacturing plants
  • GHG Emissions: Scope 1 - 1,393.34 MT CO2e, Scope 2 - 4,520.27 MT CO2e
  • Waste Generated: 1,358.70 MT total (1,166.61 MT recovered, 192.10 MT disposed)
  • Multiple environmental initiatives including solar power, emission reduction, waste minimization

Principle 7 (Policy Influence):

  • Member of 9 trade/industry associations
  • 0 instances of anti-competitive conduct

Principle 8 (Inclusive Growth):

  • 27.16% of input material sourced from MSMEs/small producers
  • 96.42% of input material sourced from within India
  • CSR projects in aspirational districts: Jaisalmer (₹48.52L), Baran (₹51.20L), Karauli (₹15.15L)

Principle 9 (Consumer Responsibility):

  • Comprehensive consumer complaint redressal mechanisms
  • 6 consumer complaints received in FY2026 (3 pending resolution)
  • 0 data breaches involving customer information
  • Cyber security and data privacy policy in place