Date: 31.08.2026

Business Operations

Products/Services (90% of turnover):

  • Medium Density Fibre Boards: 74% of turnover
  • Decorative Laminate Sheets: 25% of turnover

Operational Presence:

  • National locations: 6 plants, 9 offices (including 1 registered office, 1 corporate office, 3 branches, 4 godowns)
  • International locations: 0 plants, 0 offices
  • 14 Consignment Agents appointed

Markets Served:

  • National: 28 States, 8 Union Territories
  • International: 39 countries
  • Export contribution: 22% of total turnover

Employee Statistics

Total Workforce (FY 2025-26):

  • Employees: 942 total (912 male, 30 female - 96.80% male, 3.20% female)
  • Workers: 1,206 total (1,181 male, 25 female - 97.93% male, 2.07% female)
  • Differently abled employees/workers: 0

Gender Representation:

  • Board of Directors: 16.67% women (1 out of 6)
  • Key Management Personnel: 0% women (0 out of 3)

Turnover Rates (FY 2025-26):

  • Permanent Employees: 26% male, 36% female
  • Permanent Workers: 0% for both genders

Subsidiaries and Associates

  • Rushil Modala Ply Limited: Associate company, 41% shareholding
  • Rushil Decor Pte. Ltd.: Wholly Owned Subsidiary, 100% shareholding

CSR Applicability

  • CSR applicable: Yes
  • Turnover: ₹856.13 Crores
  • Net worth: ₹637.14 Crores

Compliance and Grievances

Regulatory Penalty:

  • Received notice from NSE (Ref: NSE/LIST/C/2025/0853 dated August 05, 2025)
  • Fine of ₹40,000 plus applicable GST for 2-day delay in equity share allotment upon warrant conversion
  • No appeal preferred

Grievance Statistics (FY 2025-26):

  • Shareholders: 1 complaint filed, 1 pending resolution
  • Customers: 60 complaints filed, 0 pending resolution
  • Employees and workers: 0 complaints filed
  • Value chain partners: 0 complaints filed

Material Responsibility Issues

1. Carbon Emissions & Energy Use: Risk - High regulatory exposure and reputational risk

2. Energy Waste Management: Opportunity - Recycling and circular economy practices

3. Community Development & CSR: Opportunity - Enhances social license to operate

4. Workforce Retention & Talent Development: Risk - High attrition can disrupt operations

5. Sustainable Product Innovation: Opportunity - Growing demand for eco-friendly products

6. Digital Transformation & Technology Adoption: Risk/Opportunity - Technology lag risks inefficiencies

Policy Framework

  • Policies cover all 9 NGRBC principles: Yes
  • Board approval for all policies: Yes
  • Policies extended to value chain partners: Yes
  • Policies translated into procedures: Yes

Certifications and Standards

  • ISO 9001 Quality Management System
  • ISO 14001 Environment Management System
  • ISO 45001 Health and Safety
  • Singapore Green label certification for VIR LAMINATE/TIERO/ICA/RUSHIL
  • BIS certifications: IS 2046:1995, IS 12406:2021, IS 14587:2023
  • FSC Certificate (Forest Stewardship Council)

Employee Benefits and Welfare

Benefits Coverage (Permanent Employees):

  • Health insurance: 100% coverage
  • Accident insurance: 100% coverage
  • Maternity benefits: 100% female coverage
  • Paternity benefits: 100% male coverage

Retirement Benefits (FY 2025-26):

  • PF: 99.50% employees, 100% workers covered
  • Gratuity: 100% employees covered
  • ESI: 7.81% employees, 100% workers covered

Training and Development:

  • Board of Directors: 1 training program, 100% coverage
  • KMPs: 1 training program, 100% coverage
  • Other employees: 6 training programs, 70% coverage
  • Workers: 6 training programs, 51% coverage

Health and Safety

  • Occupational Health and Safety Management System: Yes (ISO 45001:2018)
  • Safety incidents: 0 lost time injuries, 0 recordable injuries, 0 fatalities
  • 24/7 ambulance service at Andhra Pradesh facility
  • Occupational Health Centres at all plants

Environmental Performance

Energy Consumption (FY 2025-26):

  • Total energy consumption: 13,94,264.27 GJ
  • Electricity consumption: 2,16,250.86 GJ
  • Fuel consumption: 11,78,013.41 GJ
  • Energy intensity: 16.29 GJ/₹ Lacs turnover

Water Management:

  • Total water withdrawal: 1,29,015 KL
  • Groundwater: 1,19,063 KL
  • Third party water: 9,952 KL
  • Water consumption: 3,65,280 KL
  • Water intensity: 427 KL/₹ Crs turnover
  • Zero Liquid Discharge implemented: Yes

Air Emissions (FY 2025-26):

  • NOx: 16.8 MT
  • SOx: 20.5 MT
  • Particulate matter: 52.6 MT

GHG Emissions (FY 2025-26):

  • Scope 1 emissions: 16,000.00 MT CO2 equivalent
  • Scope 2 emissions: 50,000.00 MT CO2 equivalent
  • Emission intensity: 0.77 MT CO2 equivalent/₹ Lacs turnover

Waste Management (FY 2025-26):

  • Total waste generated: 71,755.22 MT
  • Hazardous waste: 75.22 MT
  • Non-hazardous waste: 71,628.00 MT
  • Waste intensity: 83.81 MT/₹ Cr turnover
  • Plastic waste recycled: 40.00 MT

Stakeholder Engagement

Key Stakeholder Groups:

1. Employees: Quarterly engagement

2. Shareholders/Investors: Quarterly/Annually

3. Customers: Ongoing engagement

4. Suppliers: On need basis

5. Regulators: Annually/as required

Responsible Business Practices

  • Anti-corruption policy: Yes (part of Code of Business Ethics and Conduct)
  • Whistle-blower policy: Yes
  • Equal opportunity policy: Yes
  • Human rights training: 85% employees, 63% workers covered
  • POSH complaints: 0 filed
  • Minimum wage compliance: 100% employees and workers paid above minimum wage

Community and Supply Chain

  • Input sourcing from MSMEs/small producers: 23%
  • Domestic sourcing: 80%
  • Job creation in smaller towns: 32% rural, 18.5% semi-urban, 8.2% urban, 41.3% metropolitan

Consumer Responsibility

  • Consumer complaints: 60 filed, 0 pending resolution
  • Product recalls: 0 voluntary, 0 forced
  • Cyber security policy: Yes
  • Data breaches: 0 instances

No material disclosures under the following sections: KMP/Board/Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication