Date: October 07, 2026

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

Key Messages and Strategy Highlights:

  • HZL retained its Global No. 1 Ranking in S&P Global Corporate Sustainability Assessment (CSA) 2025 for third consecutive year
  • Became first Indian company to join International Council on Mining and Metals (ICMM)
  • Two operating sites achieved Zinc Mark certification
  • Revenue outlook: Circularity activities contributed estimated INR 320 crore revenue and over INR 100 crore EBITDA
  • Capex plans: Committed approximately US$ 1 billion for fleet electrification initiatives; ₹400 crore for 100 battery-swappable electric trucks and 100 LNG trucks; ₹1,114.5 crore in renewable energy infrastructure
  • Board-approved Rampura Agucha zinc tailings reprocessing project with investment of INR 3,823 crore and 10 Mtpa feed capacity

Performance Highlights FY2025-26:

  • Scope 1 emissions: 4.78 million tCO2e
  • Scope 2 emissions: 0.24 million tCO2e
  • Combined Scope 1+2 emissions: 5.02 million tCO2e
  • Scope 3 emissions: 1.47 million tCO2e
  • Renewable power consumed: 892 MU (519 MU from Serentica PPA)
  • Estimated emissions reduction from renewable power: 0.83 million tCO2e
  • Pantnagar Metal Plant operated on 100% renewable power
  • EcoZen low-carbon zinc production: Carbon footprint <1 tCO2e per tonne (~75% below global average)
  • Water positivity: 3.32x
  • Freshwater use reduction: 13% vs FY2020 baseline
  • Municipal treated sewage water in smelting: 47%
  • Water recycling: 49%
  • Low-carbon logistics: 180 LNG vehicles and 52 EVs deployed
  • Materials recycled/reused/recovered: 6.04 million tonnes
  • Smelting waste gainfully utilized: 863 kt
  • Jarosite/jarofix repurposed: 654 kt

Other Operational / Legal / Strategic Disclosures

Climate Governance Structure:

  • Board-level oversight through Sustainability & ESG Committee chaired by Ms. Priya Agarwal Hebbar
  • Management implementation through Energy & Carbon Community chaired by Head of Power Business
  • Executive Sustainability Committee chaired by CEO meets monthly
  • Climate accountability embedded in remuneration framework with sustainability-linked KPIs
  • Internal carbon price: US$15/tCO2e (approximately INR 1325.36/tCO2e)

Climate Targets:

  • Reduce Scope 1 and Scope 2 emissions by 50% by 2030 from FY2020 baseline
  • Reduce Scope 3 emissions by 25% by 2030 from FY2020 baseline
  • Achieve Net Zero by 2050 or sooner
  • Source 70% of electricity from renewable sources by FY2028

Physical Climate Risk Assessment:

  • Site-level assessment covered water stress, drought, flooding, landslide, earthquake, extreme heat, and cyclone hazards
  • Rajasthan sites face high baseline water stress and extreme heat, with future concern increasing by 2050
  • Financial metrics potentially affected: Revenue, production volumes, operating costs, EBITDA, cash flow

Transition Risks and Opportunities:

  • Assessed under IEA STEPS and NZE scenarios
  • Key risks: Carbon pricing/CBAM compliance, renewable procurement, technology transition, coal cost exposure
  • Key opportunities: Low-carbon products, clean-energy market growth, resource efficiency
  • EcoZen sold 2,935 tonnes, helping customers avoid approximately 14,505 tonnes of CO₂e emissions

Value Chain Assessment:

  • Evaluated 14 critical upstream suppliers and 30 sites of 18 critical downstream customers
  • Supplier engagement through "Wednesdays for Transition" ESG awareness sessions
  • Circular economy partnerships: Supplied slag, fly ash, and jarosite to cement industry as alternative raw materials

Financial Planning Impacts:

  • Climate-related capex in FY2026: ₹7,399,241,217 for environmental improvement initiatives
  • Sustainable revenue classification based on EU Taxonomy alignment
  • Climate investments: ~US$1B for fleet electrification, ₹400cr for EVs/LNG trucks, ₹1,114.5cr for renewable infrastructure

Assurance and Compliance:

  • Report aligned with IFRS S2 Climate-related Disclosures
  • Externally assured by S.R. Batliboi & Co LLP
  • Covers period April 01, 2025 to March 31, 2026
  • Reporting boundary aligned with financial statement boundary
  • GHG emissions reported using operational control approach