Date: July 6, 2026

Company Overview

  • Corporate Identity Number: L29150TG1930PLC000576
  • Year of incorporation: 10th November 1930
  • Financial year reported: FY 2025-26
  • Paid-up Capital: ₹1,69,86,11,200
  • Reporting boundary: Standalone basis (no subsidiaries)

Business Activities

  • Manufacturing of cigarettes containing tobacco accounts for 100% of turnover
  • Product breakdown: Cigarettes (84.8% of turnover), Unmanufactured tobacco (15.2% of turnover)
  • NIC Code: 12003 for cigarettes, 46202 for unmanufactured tobacco

Operations & Markets

  • 14 locations total: 1 plant, 13 offices (all national, no international)
  • Markets served: 26 States, 6 Union Territories nationally; 8 countries internationally
  • Export contribution: 11% of total turnover
  • Customer base: Adult smokers across diverse socio-economic segments in India

Employee Statistics (FY 2025-26)

Employees:

  • Total: 359 (349 Male - 97%, 10 Female - 3%)
  • Permanent: 359, Other than Permanent: 0
  • Differently abled: 0

Workers:

  • Total: 353 (353 Male - 100%, 0 Female)
  • Permanent: 353, Other than Permanent: 0
  • Differently abled: 0

Representation:

  • Board of Directors: 8 total, 1 female (12.50%)
  • Senior Management Personnel: 7 total, 0 female

Turnover Rates (3-year trend):

Permanent Employees: FY26 - 23%, FY25 - 34%, FY24 - 21%

Permanent Workers: FY26 - 7%, FY25 - 10%, FY24 - 3%

Financial Metrics

  • Turnover: ₹20,41,95,39,036
  • Net worth: ₹14,45,67,20,765
  • CSR applicable: Yes

Material Responsible Business Conduct Issues

The report identifies 19 material issues with risk/opportunity classification:

1. Energy (Risk) - Negative financial implications

2. Emissions (Risk) - Negative financial implications

3. Water (Risk) - Negative financial implications

4. Health & Safety (Risk) - Positive financial implications

5. Responsible Sourcing (Opportunity) - Positive financial implications

6. Waste Management (Risk) - Negative financial implications

7. Farmer Livelihood (Opportunity) - Positive financial implications

8. Circular Economy (Opportunity) - Positive financial implications

9. Employment (Opportunity) - Positive financial implications

10. Labour Management Relations (Risk) - Negative financial implications

11. Human rights (Risk) - Negative financial implications

12. Business ethics (Risk) - Negative financial implications

13. Innovation (Opportunity) - Positive financial implications

14. Consumer welfare (Risk) - Negative financial implications

15. Community initiatives (Opportunity) - Positive financial implications

16. Climate resilience (Opportunity) - Positive financial implications

17. Sustainable material (Opportunity) - Positive financial implications

18. Training and education (Opportunity) - Positive financial implications

19. Regulatory compliance (Risk) - Negative financial implications

20. Diverse and inclusive work environment (Opportunity) - Positive financial implications

Governance Structure

Highest authority for implementation:

  • Mr. Rajeev Bakshi (Independent Non-Executive Director; DIN: 00044621) as Chairman
  • 6 other board members including MD & CEO Piyush Srivastava

Implementation contact:

  • Mr. Phani K Mangipudi, Company Secretary & Vice President - Legal & Secretarial

Board Committee for sustainability:

  • CSR Committee responsible for decision-making on sustainability issues
  • Same members as implementation authority

Performance Against Commitments

Environmental Targets:

  • 30% drip irrigation by contracted farmers by 2030: 10% achieved (on track)
  • 30% biofertilizer/biochemical use by 2030: 10% achieved (on track)
  • 20% soil organic matter improvement by 2030: 5% achieved
  • 100% farm mechanization by 2030: Field preparation 100% achieved, stubble removal 80% achieved
  • 100% CPA boxes for safe storage: 75% achieved (on track)
  • 100% farmers trained on agrochemicals: 75% achieved (on track)
  • 50% renewable energy by 2030: 33% achieved in FY26 (green power mix)
  • 100% EV fleet by 2030: Feasibility study in progress, 14 battery-operated forklifts
  • Rainwater harvesting >3x net water consumption: Achieved (4x at Toopran)
  • 95.6% tobacco utilization: 97% achieved
  • 100% reusable/recyclable/biodegradable packaging: 100% achieved
  • Plastic neutrality: 100% achieved

Social Targets:

  • Zero accident in own operations: Achieved
  • Inclusive work environment: Complied (on track)
  • Employee engagement surveys: Complied (on track)
  • Zero child/forced labor: Complied (on track)
  • Minimum wage compliance: Complied (on track)
  • 80% GMS compliance: 100% achieved

Environmental Performance

Energy Consumption (FY 2025-26):

  • Renewable sources: 5,766 GJ
  • Non-renewable sources: 29,078 GJ
  • Total energy consumed: 34,844 GJ
  • Energy intensity: 0.0000017 GJ/INR turnover
  • Green power mix: 33% of overall plant consumption

Water Management:

  • Water withdrawal: 24,370 kL (Groundwater: 19,777 kL, Third party: 4,593 kL)
  • Water consumption: 24,370 kL
  • Water intensity: 0.0000012 kL/INR turnover
  • Zero Liquid Discharge at Toopran manufacturing facility
  • Rainwater harvesting: 65,626 kL harvested, 450 kL utilized for civil construction

Emissions:

  • Scope 1 emissions: 1,009 tCO2e
  • Scope 2 emissions: 2,677 tCO2e
  • Total GHG intensity: 0.00000017 tCO2e/INR turnover
  • Air emissions: NOx - 8.37 tonnes, SOx - 6.01 tonnes, PM - 1.91 tonnes

Waste Management:

  • Total waste generated: 485.46 metric tonnes
  • Plastic waste: 83.78 MT
  • Bio-medical waste: 0.0409 MT
  • Other hazardous waste: 0 MT
  • Other non-hazardous waste: 401.64 MT
  • Waste recycled: 485.42 MT
  • Waste disposed: 0.0409 MT (incineration)

Social Performance

Employee Well-being:

  • 100% coverage for health insurance and accident insurance for all permanent employees and workers
  • 100% maternity benefits for female employees
  • Cost on well-being measures: 0.14% of total revenue

Retirement Benefits:

  • PF: 100% coverage for employees and workers, duly deposited
  • Gratuity: 100% coverage, not deposited with authority
  • NPS: 33.4% employee coverage

Training & Development:

  • Employees: 49 trained on H&S (13.6%), 160 on skill upgradation (44.57%)
  • Workers: 353 trained on H&S (100%), 353 on skill upgradation (100%)
  • 100% performance and career development reviews conducted

Health & Safety:

  • ISO 45001:2018 implemented at Toopran unit
  • Zero lost time injuries, zero fatalities, zero recordable injuries
  • Emergency response plans and quarterly mock drills conducted

Value Chain Management

  • Sustainable sourcing: 46.07% of inputs sourced sustainably
  • Farmer training: 100% coverage on GAP, ALP Code, PPE usage, and child labor prevention
  • PPE kit coverage: Increased from 50% to 60% among contracted farmers
  • GMS mobile application enhanced for digital traceability from farm to factory

CSR Activities

  • Total CSR spend: ₹7.58 Crore
  • Beneficiaries: ~1 million lives
  • Focus areas: Rural Development, Health & Sanitation, Education & Sports, Environment & Sustainability

Compliance & Grievances

  • No fines/penalties paid to regulatory agencies
  • No complaints on working conditions, health & safety, human rights issues
  • No POSH complaints reported
  • 100% compliance with environmental laws
  • Shareholder complaints: 19 in FY26 (all resolved), down from 67 in FY25

Certifications & Standards

  • ISO 45001:2018 (Occupational Health & Safety)
  • ISO 14001:2015 (Environmental Management)
  • Indian Green Building Council 'Gold Rating'
  • Alliance for Water Stewardship (AWS) Gold certification
  • ISO 17025:2017 (Testing and calibration laboratories)