KMP / Board / Auditor Changes

Board Composition Changes:

  • As of April 2025, 4 out of 8 directors were women
  • Ms. Svetlana Boldina ceased to be a director as of 31st January 2026
  • Mr. Mandeep Chhatwal was appointed from 1st January 2026
  • As of March 2026, the Board comprised 9 directors with 3 women (33% representation)

Key Management Personnel:

  • 1 KMP with 0% female representation

Assurance Provider:

  • S.R. Batliboi & Co. LLP, Chartered Accountants (Reg. No: 301003E/E300005)
  • Provided reasonable assurance for BRSR Core Indicators as per SSAE 3000

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone)

Key Financial Figures:

  • Turnover: ₹230,714.6 million
  • Net worth: ₹53,092.4 million
  • Paid-up Capital: ₹1,928,314,320

Operational Metrics:

  • Export contribution: 4.1% of total turnover
  • Number of trading houses: 17 (4% of total purchases)
  • Number of dealers/distributors: 2,358 (94.6% of total sales)

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Manufacturing Operations:

  • 9 manufacturing facilities: Moga (Punjab), Choladi (Tamil Nadu), Nanjangud (Karnataka), Samalkha (Haryana), Ponda (Goa), Bicholim (Goa), Pantnagar (Uttarakhand), Tahliwal (Himachal Pradesh), Sanand (Gujarat)
  • 4 Sales Branch offices: Gurugram, Mumbai, Chennai, Kolkata
  • 1 Head Office: Gurugram, Haryana
  • 1 Registered Office: New Delhi

Workforce Details:

  • Total workforce: 19,157 (employees + workers)
  • Permanent Employees: 3,424 (75% male, 25% female)
  • Other than Permanent Employees: 347 (85% male, 15% female)
  • Permanent Workers: 4,932 (95% male, 5% female)
  • Other than Permanent Workers: 10,454 (89% male, 11% female)
  • Differently abled personnel: 37 total (11 employees + 26 workers)

Turnover Rates (FY 2025-26):

  • Permanent Employees: 12.3% male, 15.0% female, 12.9% total
  • Permanent Workers: 0.5% male, 7.4% female, 0.9% total

Legal and Compliance Penalties:

  • 21 monetary penalties totaling approximately ₹9.5 crore
  • All penalties are under appeal process
  • Major penalties include:
  • GST demand: ₹8.28 crore + equal penalty (Chennai)
  • GST demand: ₹66.60 lakh + equal penalty (Rudrapur)
  • Commercial tax demand: ₹34.98 lakh + interest ₹22.81 lakh + penalty ₹3.60 lakh (Bengaluru)
  • Various food safety penalties ranging from ₹10,000 to ₹2,00,000

Sustainability Performance:

Energy Management (FY 2025-26):

  • Total energy consumption: 4,350,818 GJ
  • Renewable energy: 2,593,696 GJ (59.6% of total)
  • Non-renewable energy: 1,757,122 GJ (40.4% of total)
  • Energy intensity: 18.86 GJ/million ₹ turnover
  • Energy savings: ~59,000 GJ through reduction projects

Water Management (FY 2025-26):

  • Total water withdrawal: 2,759,410 KL
  • Surface water: 677,922 KL
  • Groundwater: 1,764,681 KL
  • Third-party water: 316,807 KL
  • Water consumption: 2,405,446 KL
  • Water intensity: 10.43 KL/million ₹ turnover
  • Water savings: ~141,000 m³ through conservation measures
  • 7 out of 9 factories are Zero Liquid Discharge (ZLD) facilities

GHG Emissions (FY 2025-26):

  • Scope 1 emissions: 112,200 tCO2e
  • Scope 2 emissions (location-based): 200,514 tCO2e
  • Total emissions intensity: 1,355 kgCO2e/million ₹ turnover

Waste Management (FY 2025-26):

  • Total waste generated: 74,591 metric tonnes
  • Plastic waste: 3,216 MT
  • E-waste: 149 MT
  • Battery waste: 38 MT
  • Other hazardous waste: 2,304 MT
  • Other non-hazardous waste: 68,884 MT
  • Waste recovered: 74,591 MT (100% recovery rate)
  • Recycled: 26,820 MT
  • Re-used: 2,803 MT
  • Other recovery: 44,968 MT
  • Maintained plastic neutrality since 2020

Sustainable Sourcing:

  • 68% of key ingredients sustainably sourced
  • 25% of inputs directly sourced from MSMEs/small producers
  • 86% of inputs sourced directly from within India

CSR Activities:

  • CSR applicable as per Section 135 of Companies Act, 2013
  • Projects include:
  • Nestlé Healthy Kids Programme: 191,950 beneficiaries
  • Project Jagriti: 638,000 beneficiaries
  • Water projects: 190,000 beneficiaries
  • Sanitation projects: 68,000 beneficiaries
  • Project Serve Safe Food: 28,900 beneficiaries
  • Total direct beneficiaries: ~1.3 million

Material Issues Identified:

1. Climate Change Resilience (Risk)

2. Energy and Emissions Management (Risk & Opportunity)

3. Circular Economy and Waste Management (Risk & Opportunity)

4. Water Management (Risk)

5. Employee Health and Safety (Risk)

6. Human Rights (Risk)

7. Talent Attraction, Development and Retention (Risk)

8. Product Quality and Safety (Risk)

9. Sustainable Supply Chain (Risk & Opportunity)

10. Corporate Governance and Business Ethics (Risk)

Grievance Mechanisms:

  • SpeakUp platform for all stakeholders
  • FY 2025-26 complaints:
  • Shareholders: 26 complaints (all resolved)
  • Employees and workers: 102 complaints (19 pending)
  • Customers: 5,701 complaints (all resolved)
  • Value chain partners: 18 complaints (3 pending)
  • Sexual harassment: 4 complaints (all resolved within timelines)