KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

General Company Information

  • Corporate Office: Unit Nos. 301 & 302, 3rd Floor, Tower B, Peninsula Business Park, Ganpatrao Kadam Marg, Off Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, India
  • Contact: Tel: +91 22 41711700, Email: investorservices@greavescotton.com
  • Paid-up Capital: ₹46.58 crore

Reporting Boundary and Assurance

  • Reporting Period: 1st April 2025 to 31st March 2026
  • Reporting Entities: Greaves Cotton Limited (GCL), Greaves Electric Mobility Limited (GEML), and Excel Controlinkage Private Limited (ECPL)
  • Assurance Provider: Agile ESG Advisors Private Limited
  • Assurance Type: Reasonable assurance on BRSR core indicators and limited assurance on other sustainability indicators

Business Activities and Operations

  • Main Business Activity: Manufacturing of electrical equipment, general purpose and special purpose machinery & equipment, and transport equipment (95% of turnover)
  • Key Products: Diesel, CNG & Petrol Engines (34% of turnover), Own and multi-brand spares parts (27%), Gensets (26%), Non-Auto Engines (8%), Industrial Engines (5%)
  • Operations: 11 plants and 11 offices nationally, no international operations
  • Markets Served: 28 States and 8 Union Territories nationally, 22 countries internationally
  • Export Contribution: 10% of consolidated turnover, 13% of standalone turnover

Employee and Workforce Data

  • Total Employees: 1,419 (1,277 male, 142 female)
  • Total Workers: 3,012 (2,784 male, 228 female)
  • Differently Abled: 5 employees (4 male, 1 female), 5 workers (5 male)
  • Women Representation: Board of Directors 14% (1 out of 7), Key Management Personnel 0% (0 out of 3)
  • Turnover Rate: Permanent Employees 24% (24% male, 22% female), Permanent Workers 1% (1% male, 0% female)

Subsidiary Companies

1. DBH Investment Capital India Private Limited (55.78% holding) - Associate

2. Greaves Finance Limited (100% subsidiary)

3. Greaves Technologies Limited (100% subsidiary)

4. Greaves Electric Mobility Limited (62.48% subsidiary) - Included in BRSR

5. Excel Controlinkage Private Limited (79.97% subsidiary) - Included in BRSR

6. Bestway Agencies Private Limited (100% subsidiary)

7. MLR Auto Limited (67.41% subsidiary)

CSR Applicability

  • CSR Applicable: Yes
  • Turnover (31st March 2025): ₹1,988.02 crore
  • Net Worth (31st March 2025): ₹1,443.71 crore

Grievance Redressal

  • Shareholders: 21 complaints filed during FY26 (0 pending), compared to 5 in FY25
  • Employees and Workers: 7 complaints filed during FY26 (0 pending), compared to 44 in FY25
  • Customers: 1,467 complaints filed during FY26 (46 pending)
  • Value Chain Partners: 511 complaints filed during FY26 (58 pending)

Material Responsible Business Conduct Issues

1. Product Safety and Quality (Risk) - Implemented stringent quality assurance mechanisms

2. Climate Change and Energy Transition (Risk & Opportunity) - Focus on cleaner technologies and electric mobility

3. Sustainable Supply Chain (Risk) - Supplier Code of Conduct and due diligence processes

4. Environmental Sustainability (Opportunity) - Resource efficiency initiatives

5. Protection of Human Rights (Risk) - Human Rights Policy and due diligence assessments

6. Customer Engagement (Opportunity) - Enhanced product quality and service

7. Occupational Health and Safety (Risk) - ISO 45001 certified management system

8. Talent Development (Opportunity) - Employee development programs

9. Community Development (Opportunity) - CSR initiatives

10. Cyber Security (Risk) - Robust information security systems

11. Innovation and Electrification (Opportunity) - Clean mobility solutions

12. Business Ethics (Risk) - Anti-corruption policies

13. Corporate Governance (Risk) - Strong compliance framework

Environmental Performance

  • Energy Consumption: 100,965.77 GJ total (15,866.80 GJ renewable, 85,098.97 GJ non-renewable)
  • Energy Intensity: 0.31 per rupee of turnover
  • Water Consumption: 119,472.82 kiloliters
  • Water Intensity: 0.37 per rupee of turnover
  • Zero Liquid Discharge: Maintained across all manufacturing facilities
  • GHG Emissions: Scope 1 - 2,579.79 tCO₂e, Scope 2 - 9,756.47 tCO₂e
  • Emissions Avoided: 3,129,285 kg CO₂e through renewable energy and efficiency initiatives
  • Waste Generated: 4,459.45 metric tons total (111.24 plastic, 2.69 e-waste, 93.75 hazardous, 4,246.59 non-hazardous)

Social Performance

  • Safety Performance: Zero Lost Time Injury Frequency Rate achieved
  • Safety Training: 255 fire and emergency drills conducted, 3,490 employees trained on safety
  • Human Rights Assessments: Conducted at 100% of manufacturing sites
  • Supplier Assessments: ESG due diligence covering 73.37% of procurement spend by value
  • CSR Initiatives: SWATI Program (110 young women skilled), Earth Focus Foundation (523 tribal children educated)

Governance Structure

  • ESG Oversight: ESG & CSR Committee comprising Ms. Kavita Nair (Chairperson), Mr. Parag Satpute, Mr. Jehangir Ardeshir
  • Policy Framework: Comprehensive policies covering all NGRBC principles, approved by Board/Committees
  • Certifications: ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, ISO 45001:2018

Assurance Statement

  • Assurance Provider: Agile ESG Advisors Private Limited
  • Assurance Standard: ISAE 3000 (Revised)
  • Conclusion: Non-financial sustainability disclosures are properly prepared in all material respects based on BRSR reporting criteria