Date: July 15, 2026

Business Activities

  • Main activity: High-Performance Products, Specialty Fluorochemicals, Contract Development and Manufacturing Organisation
  • % Turnover: 98.07%

Products/Services (accounting for 90% of turnover)

  • Synthetic cryolite, fluorocarbon gases (NIC Code 2011): 39.07% of total turnover
  • Hydrofluoric acid and other fluorine chemicals (NIC Code 2011): 43.93% of total turnover
  • Other Chemicals (NIC Code 2011): 17.00% of total turnover

Operations

  • Number of locations: 9 national (3 plants, 6 offices), 3 international offices
  • Market served: 27 national locations (22 States and 5 Union Territories)
  • Export contribution: 66.61% of total turnover
  • Customer types: Global life science and crop science companies, stainless-steel manufacturers, air-conditioner OEMs, and other users of fluorochemicals downstream

Employees and Workforce

Permanent Employees

  • Total: 1,421 (Male: 1,365 - 96.06%, Female: 56 - 3.94%)
  • Differently abled: 1 (Male: 1 - 100%)

Workers

  • Permanent workers: 148 (Male: 148 - 100%)
  • Other than permanent workers: 1,648 (Male: 1,610 - 97.69%, Female: 38 - 2.31%)
  • Total workers: 1,796 (Male: 1,758 - 97.88%, Female: 38 - 2.12%)
  • Differently abled workers: 13 (Male: 13 - 100%)

Representation

  • Board of Directors: 10 total, 1 female (10.00%)
  • Key Management Personnel (excluding Directors): 2 total, 0 female (0%)

Turnover Rates (FY 2025-26)

  • Permanent employees: Male 15.76%, Female 19.64%, Total 15.90%
  • Permanent workers: Male 1.35%, Female 0.00%, Total 1.35%

Subsidiaries and Joint Ventures

1. Navin Fluorine Advanced Sciences Limited (NFASL) - Wholly Owned Subsidiary - 100% - Participates in Business Responsibility initiatives

2. Sulakshana Securities Limited - Wholly Owned Subsidiary - 100% - Does not participate

3. Manchester Organics Limited - Wholly Owned Subsidiary - 100% - Does not participate

4. NFIL (UK) Limited - Wholly Owned Subsidiary - 100% - Does not participate

5. NFIL USA, INC. - Wholly Owned Subsidiary - 100% - Does not participate

6. Navin Fluorine (Shanghai) Co, Limited - Wholly Owned Subsidiary - 100% - Does not participate

7. Swarnim Gujarat Fluorspar Private Limited - Joint Venture - 49.48% - Does not participate

CSR Applicability

  • CSR applicable: Yes
  • Turnover: ₹3,313.90 crores (Consolidated)
  • Net worth: ₹3,974.58 crores (Consolidated)

Grievance Redressal (FY 2025-26)

  • Communities: 0 complaints filed, 0 pending
  • Shareholders/Investors: 17 complaints filed, 3 pending (pertain to service requests with KFinTech)
  • Employees and workers: 0 complaints filed, 0 pending
  • Customers: 48 complaints filed, 4 pending
  • Value Chain Partners: 0 complaints filed, 0 pending

Material Responsible Business Conduct Issues

The report identifies 25 material issues with risk/opportunity classification, rationale, and financial implications:

1. Climate Change Mitigation (Risk) - Impact scores: Business 3.68, Stakeholder 3.50

2. Climate Change Adaptation & Resilience (Risk) - Impact scores: Business 3.47, Stakeholder 3.34

3. Air Quality & Pollution Control (Opportunity) - Impact scores: Business 4.11, Stakeholder 3.79

4. Water Management & Conservation (Opportunity) - Impact scores: Business 4.21, Stakeholder 3.68

5. Waste Management (Opportunity) - Impact scores: Business 3.98, Stakeholder 3.71

6. Biodiversity & Land Use (Risk) - Impact scores: Business 3.26, Stakeholder 3.03

7. Process Safety & Emergency Preparedness (Opportunity) - Impact scores: Business 3.61, Stakeholder 3.89

8. Sustainable Product Innovation & Stewardship (Risk) - Impact scores: Business 3.21, Stakeholder 3.55

9. Occupational Health & Safety (Opportunity) - Impact scores: Business 4.07, Stakeholder 3.97

10. Employee Engagement & Development (Risk) - Impact scores: Business 3.16, Stakeholder 3.11

11. Diversity, Equity & Inclusion (Risk) - Impact scores: Business 3.65, Stakeholder 3.13

12. Responsible Supply Chain (Risk) - Impact scores: Business 3.65, Stakeholder 3.42

13. Community Engagement (Risk) - Impact scores: Business 3.26, Stakeholder 3.66

14. Customer Health & Product Safety (Risk) - Impact scores: Business 3.75, Stakeholder 3.74

15. Responsible Marketing & Product Labelling (Opportunity) - Impact scores: Business 3.26, Stakeholder 3.21

16. Sustainable Raw Material Sourcing (Risk) - Impact scores: Business 3.33, Stakeholder 3.24

17. Learning & Development (Risk) - Impact scores: Business 2.98, Stakeholder 2.84

18. Human Rights (Opportunity) - Impact scores: Business 3.95, Stakeholder 3.58

19. Business Ethics (Opportunity) - Impact scores: Business 3.98, Stakeholder 3.63

20. Corporate Governance & Board Oversight (Risk) - Impact scores: Business 3.82, Stakeholder 3.37

21. Sustainable Product Design & Innovation (Risk) - Impact scores: Business 3.00, Stakeholder 3.00

22. Data Privacy & Cyber Security (Risk) - Impact scores: Business 3.93, Stakeholder 3.50

23. Tax Responsibility & Transparency (Risk) - Impact scores: Business 3.56, Stakeholder 3.24

24. Compliances (Risk) - Impact scores: Business 3.68, Stakeholder 3.24

25. Responsible Marketing (Risk) - Impact scores: Business 3.26, Stakeholder 3.21

Management and Process Disclosures

  • All 9 NGRBC principles covered by policies approved by the Board
  • Policies extend to value chain partners: Yes
  • International codes/certifications adopted: GRI Standards, UN Global Compact Principles, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 9001:2015, ISO 27001:2022, Responsible Care
  • Specific commitments: 50% use of renewable electricity by 2030, 30% reduction in carbon emissions by 2030, 10% diversity in Company employees by 2030, 25% gender diversity in leadership teams by 2030, 25% gender diversity in Board by 2030, 100% resolution of complaints, Zero cases of corruption and bribery
  • Performance against commitments: 12.1% renewable electricity (2026), 30% value chain partners engaged (2026), 3.94% diversity in employees (2026), 0% gender diversity in leadership (2026), 10% gender diversity in Board, 89.24% complaint resolution (2026), Zero corruption cases (2026)
  • ESG Steering Committee chaired by Mr. Nitin G. Kulkarni (Managing Director)
  • Highest authority for implementation: Mr. Nitin G. Kulkarni (Managing Director)
  • Independent assessment conducted by TUV SUD South Asia Pvt Ltd, Bureau Veritas, and others

Principle-wise Performance Disclosure

Principle 1: Ethical, Transparent and Accountable Business

  • Training coverage: Board of Directors 100%, KMPs 100%, Employees 97.67%, Workers 100%
  • No fines/penalties/settlement amounts paid
  • Anti-corruption policy in place
  • No disciplinary actions for bribery/corruption
  • No conflict of interest complaints
  • Accounts payable days: 129 days (FY 2025-26)
  • Awareness programs for value chain partners: 5 programs, 30% coverage

Principle 2: Sustainable and Safe Goods/Services

  • R&D investment in environmental/social improvements: 0%
  • Capex investment in environmental/social improvements: 0.08% (replacement of sulfur furnace brick lining)
  • Sustainable sourcing policy in place
  • 30% of inputs sourced from suppliers aligned with sustainability principles
  • EPR applicable for plastic packaging waste - 100% compliance
  • Life Cycle Assessment conducted for 3-Trifluoromethyl Acetophenone (6% of turnover)
  • 46% solvent recycled in manufacturing process
  • Plastic packaging: 257.00 MT recycled, 271.00 MT safely disposed

Principle 3: Employee Well-being

  • 100% coverage for health insurance, accident insurance, maternity benefits (employees), paternity benefits
  • 100% coverage for retirement benefits (PF, Gratuity)
  • Workplace accessibility: Roles assigned to appropriately outfitted offices considering safety
  • Return to work rate after parental leave: 100% for both employees and workers
  • Grievance mechanism in place for all categories
  • Union membership: 100% of permanent workers (148 workers)
  • Training: 91.13% employees on health & safety, 96.97% on skill upgradation; 100% workers on health & safety, 72.05% on skill upgradation
  • Career reviews: 90.29% employees, 8.24% workers
  • Occupational health and safety management system implemented (ISO 45001:2018)
  • Safety incidents: LTIFR Employees 0.19, Workers 0.37; Total recordable injuries Employees 6, Workers 10; No fatalities; High consequence injuries Employees 1, Workers 2

Principle 4: Stakeholder Responsiveness

  • Stakeholder groups identified: Shareholders, Customers, Suppliers, Regulators, Communities, Employees
  • Engagement channels include emails, meetings, surveys, events, and various communication methods
  • Continuous engagement frequency for all stakeholder groups

Principle 5: Human Rights

  • 100% training coverage for employees and workers on human rights issues
  • Human rights policy and grievance mechanisms in place
  • No complaints on sexual harassment, discrimination, child labor, forced labor, wages, or other human rights issues
  • 100% assessment coverage for plants and offices on human rights parameters

Principle 6: Environmental Protection

  • Total energy consumption: 14,96,506.58 GJ (Renewable: 58,010.03 GJ, Non-renewable: 14,38,496.55 GJ)
  • Energy intensity: 4.52 × 10-5 per rupee of turnover
  • Water withdrawal: 12,62,039.56 KL
  • Water consumption: 7,89,769.56 KL
  • Water intensity: 2.38×10-5 per rupee of turnover
  • Water discharge: 4,72,270.00 KL (treated)
  • Zero Liquid Discharge implemented at Dewas site
  • Air emissions: SOx 35.62 MT, PM 12.26 MT, HAP 2.85 MT, NH3 0.46 MT, CO 21.21 MT
  • GHG emissions: Scope 1 1,54,883.30 MT CO2e, Scope 2 84,665.97 MT CO2e
  • Emission intensity: 7.23 × 10-6 per rupee of turnover
  • GHG reduction projects: Thermal Oxidation Unit, renewable energy PPAs (6.6 MW hybrid for Surat site)
  • Total waste generated: 1,33,665.44 MT
  • Waste management: 87,902.03 MT recovered, 45,936.94 MT disposed
  • No operations in ecologically sensitive areas
  • Environmental impact assessment for expansion project (IA-J-11011/181/2022-IA-II(I))
  • Full compliance with environmental laws

Principle 7: Responsible Public Policy Influence

  • Member of 7 trade/industry associations
  • Top associations: Indian Chemical Council, FICCI, CII, Bombay Chamber of Commerce, British Safety Council, Center for Chemical Process Safety, UN Global Compact
  • No anti-competitive conduct issues

Principle 8: Inclusive Growth

  • No Social Impact Assessments required
  • No Rehabilitation and Resettlement activities
  • Community grievance mechanism available
  • 26.78% input material sourced from MSMEs/small producers
  • 38.43% input material sourced from within district and neighboring districts
  • Wage distribution: Semi-urban 24.28%, Urban 15.53%, Metropolitan 60.19%
  • CSR spending in aspirational district (Narmada, Gujarat): ₹27.95 lakhs
  • 38.43% procurement from local suppliers

Principle 9: Responsible Consumer Engagement

  • Consumer complaint mechanisms include satisfaction surveys
  • 100% product turnover carries environmental/social information, safe usage guidance, and recycling/disposal information
  • Consumer complaints: Cybersecurity 26, Others 22
  • Product recalls: 2 voluntary recalls (ISO tank damage during transit)
  • Cybersecurity and data privacy policy in place
  • No data breaches recorded

Assurance Statement

  • Assurance provider: TUV SUD South Asia Pvt Ltd
  • Assurance type: BRSR Core Indicators - Reasonable Assurance, BRSR Non-Core Indicators - Limited Assurance
  • Assurance period: February 24, 2026 to April 27, 2026
  • Sites covered: Registered office (Mumbai), Plant 1 (Surat), Plant 2 (Dahej), Plant 3 (Dewas)
  • Conclusion: BRSR Core indicators prepared in all material respect; No awareness of facts suggesting Non-Core indicators not prepared in accordance with reporting criteria