Date: July 20, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Business Responsibility and Sustainability Report Disclosure

Assurance Scope and Methodology

SGS India conducted reasonable assurance engagement for BRSR core indicators under 9 ESG attributes for the period April 1, 2025 to March 31, 2026. The assurance was conducted in accordance with ISAE 3000 (Revised) and ISAE 3410 standards. The reporting boundary included 4 manufacturing sites (Valia, Ambernath, Goa, and Kheda) and 1 head office.

Key ESG Performance Metrics

Energy Consumption
  • Total energy consumed: 20,16,805 GJ (FY 2025-26) vs 17,64,291 GJ (FY 2024-25)
  • Energy from renewable sources: 13,75,935 GJ (68% of total)
  • Energy intensity: 0.000042 per rupee of turnover, 7.87 GJ/MT
Water Management
  • Total water withdrawal: 1,097,695 kL
  • Water sources: Groundwater 4,329 kL, Third-party water 1,093,366 kL
  • Water intensity: 0.00002 per rupee of turnover, 4.28 kL/MT
  • All manufacturing sites are Zero Liquid Discharge facilities
Greenhouse Gas Emissions
  • Scope 1 emissions: 24,522 tCO2e
  • Scope 2 emissions: 43,433 tCO2e
  • Total Scope 1+2 emissions: 67,955 tCO2e
  • Emission intensity: 0.00000141 MT of CO2 equivalent/INR crore
  • Scope 3 emissions: 2,690,296 tCO2e (limited assurance)
Waste Management
  • Total waste generated: 20,356 metric tons
  • Plastic waste: 122 metric tons
  • E-waste: 13 metric tons
  • Hazardous waste: 16,704 metric tons
  • Non-hazardous waste: 3,508 metric tons
  • Waste recovered: 21,899 metric tons (recycled/reused)
  • Waste intensity: 0.00000042 per rupee of turnover
Social Performance
  • Employees: 1,289 total (1,094 permanent, 195 other than permanent)
  • Workers: 1,174 total (234 permanent, 940 other than permanent)
  • Gender diversity: 21% of wages paid to females (23% in FY 2024-25)
  • Safety: Zero lost time injuries, zero fatalities across all categories
  • POSH complaints: Zero complaints filed in FY 2025-26
  • MSME sourcing: 42% of inputs sourced from MSMEs/small producers
  • Rural employment: 19.4% of wage cost paid to rural employees
Governance and Compliance
  • Board composition: 11 directors with 36.36% female representation
  • Training: 100% of employees and workers received training on health, safety, and human rights
  • Grievance mechanisms: Established procedures for employees, workers, and stakeholders
  • No material penalties or non-compliances reported for environmental regulations

Material ESG Issues Identified

Key material issues include regulatory compliance (EU Deforestation Regulation), rising temperatures impacting operations, water scarcity risks, climate hazards, training and development needs, health and safety, diversification of low-emission products, renewable energy adoption, and circular economy initiatives.

Sustainability Targets and Performance

  • Renewable energy target: 75% by 2030 (achieved 68% in FY 2025-26)
  • Zero waste to landfill by 2030 (92% waste diverted from landfill in FY 2025-26)
  • Zero freshwater withdrawal by 2040 (evaluating alternatives)
  • Net zero including Scope 3 emissions by 2050
  • 28% diverse workforce by 2030 for FTE white collar

Value Chain Management

  • 28% of purchases from trading houses
  • 30% of sales to dealers/distributors
  • Related party transactions: 1.77% of purchases, 2.86% of sales, 88.18% of investments
  • Accounts payable days: 89 days

Assurance Opinion

SGS India provided reasonable assurance that the BRSR core indicators are complete, accurate, reliable, and fairly stated in all material respects in accordance with BRSR requirements.