Date: August 24, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

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Board Meeting Outcomes

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Financial Results (Standalone & Consolidated)

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Auditor’s Report

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Disinvestment / Strategic Actions

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Other Operational / Legal / Strategic Disclosures

Business Responsibility and Sustainability Report Disclosure

SECTION A- GENERAL DISCLOSURES

I. Details of the listed entity

  • Corporate Identity Number (CIN): L99999MH1949PLC007039
  • Year of incorporation: 02/04/1949
  • Registered office address: Patel Estate Road, Jogeshwari West, Mumbai 400102
  • Corporate address: Patel Estate Road, Jogeshwari West, Mumbai 400102
  • Financial year: 1st April 2025 to 31st March 2026
  • Stock Exchanges: BSE Limited and The National Stock Exchange of India Limited
  • Paid-up Capital: ₹99,21,41,937
  • BRSR contact: Ramu Mohan, Joint General Manager (HSE), Telephone: +91 22 26767535, Email: ramu.mohan@pateleng.com
  • Reporting boundary: Standalone Basis
  • Assurance provider: Not Applicable

II. Products/services

  • Main Activity: Civil Engineering & Construction of Hydro projects, Dams, Tunnels, Roads, Railways etc. (99.99% of turnover)
  • NIC Code: 42101,42201,42204

III. Operations

  • Number of locations: 54 National (51 plants + 3 offices), 2 International (2 plants)
  • Markets served: 15 Indian states, 2 international countries
  • Export contribution: None
  • Customers: Central & State Government bodies including NHPC, NTPC, SJVN, CVPPPL (Hydro Power); IRCON, RVNL (Railway); NHAI (Highways); MCGM (urban infrastructure); Irrigation Departments; CIDCO

IV. Employees

IV-20. Employee and worker details (including differently abled):

  • Permanent Employees: 2,031 (1,988 Male - 97.88%, 43 Female - 2.12%)
  • Other than Permanent Employees: 30 (28 Male - 93.33%, 2 Female - 6.67%)
  • Total Employees: 2,061 (2,016 Male - 97.82%, 45 Female - 2.18%)
  • Permanent Workers: 2,333 (2,331 Male - 99.91%, 2 Female - 0.09%)
  • Other than Permanent Workers: 8,905 (8,880 Male - 99.72%, 25 Female - 0.28%)
  • Total Workers: 11,238 (11,211 Male - 99.76%, 27 Female - 0.24%)
  • Differently Abled Employees: 5 Permanent (all Male), 0 Other than Permanent
  • Differently Abled Workers: 0

IV-21. Women participation/representation:

  • Board of Directors: 4 out of 8 (50%)
  • Key Management Personnel: 2 out of 5 (40%)

IV-22. Turnover rate for permanent employees and workers (past 3 years):

  • Permanent Employees: FY 2025-26: 13.35% (Male: 13.33%, Female: 14.12%); FY 2024-25: 20.96% (Male: 20.82%, Female: 27.91%); FY 2023-24: 20.86% (Male: 20.96%, Female: 16.28%)
  • Permanent Workers: FY 2025-26: 18.38% (Male: 18.39%, Female: 0%); FY 2024-25: 16.46% (Male: 16.39%, Female: 100%); FY 2023-24: 16.62% (Male: 16.59%, Female: 50.00%)

V. Holding, Subsidiary and Associate Companies

  • 85 entities listed including 37 subsidiaries, 2 associates, and 46 joint ventures
  • 100% owned subsidiaries include: Friends Nirman Pvt. Ltd., Shreeanant Constructions Pvt Ltd, Patel Engineering Infrastructure Ltd., Patel Patron Pvt. Ltd., Vismaya Constructions Pvt. Ltd., and 32 others
  • Joint ventures include various partnerships with ownership ranging from 10% to 100%
  • None of these entities participate in the Business Responsibility initiatives of the listed entity

VI. CSR Details

  • CSR applicable as per section 135 of Companies Act, 2013: Yes
  • Turnover: ₹50,665.64 million
  • Net worth: ₹43,880.80 million

VII. Transparency and Disclosures Compliances

VII-25. Complaints/Grievances on NGRBC Principles 1 to 9:

  • Communities: 0 complaints (No redressal mechanism as aspects handled by Client)
  • Investors (other than shareholders): 0 complaints (Yes redressal mechanism)
  • Shareholders: 5 complaints in FY25-26 (0 pending), 2 complaints in FY24-25 (0 pending)
  • Employees and workers: 0 complaints (Yes redressal mechanism: https://tinyurl.com/4wp9nf9n)
  • Customers: 0 complaints (Yes redressal mechanism through project controllers/managers)
  • Value Chain partners: 0 complaints (Yes redressal mechanism: https://tinyurl.com/4wp9nf9n)

VII-26. Material responsible business conduct issues:

12 material issues identified with risk/opportunity classification and mitigation approaches:

1. Product Quality & Safety (Structural Integrity): Risk & Opportunity

2. Occupational Health & Safety: Risk

3. GHG Emissions & Energy Management: Risk & Opportunity

4. Human Rights & Labour Practices: Risk

5. ESG Risk Management: Opportunity

6. Business Ethics & Regulatory Compliance: Opportunity

7. Waste Management Practices: Risk & Opportunity

8. Air Quality Management: Risk & Opportunity

9. Water & Wastewater Management: Risk & Opportunity

10. Customer Relations: Opportunity

11. Climate Change & Climate Resilience: Risk & Opportunity

12. Supply Chain Management & Vendor Sustainability: Risk & Opportunity

SECTION B - MANAGEMENT AND PROCESS DISCLOSURES

Policy and management processes

  • All 9 NGRBC principles covered by policies (8 with Yes, Principle 9 with No but under process)
  • All policies approved by Board and extend to value chain partners
  • National/international codes adopted: SEBI LODR Regulations, Companies Act 2013, Code of Ethics & Business Conduct, ISO 9001, ISO 45001, ISO 14001
  • Specific commitments: Integrated Management System certified by BSI for over 10 years, ESG materiality assessment initiated, digital ESG KPI tracking system implementation
  • Performance against commitments: Maintained ISO certifications (9001:2015, 14001:2015, 45001:2018), implemented environmental objectives, progressed ESG roadmap

Governance, leadership and oversight

  • Director statement highlights ESG integration, safety culture, responsible sourcing, and community impact
  • Highest authority: Mr. R V R Kishore, Whole Time Director (DIN: 07402969)
  • BRSR Committee exists headed by Whole-time director - Operations, meets twice a year
  • Review of NGRBCs conducted by Board of Directors and Managing Director
  • Independent assessment: Secretarial audit by MMJB & Associates, LLP; HR policies reviewed every 3 years; IMS certified by British Standard Institution

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

PRINCIPLE 1: Ethical, Transparent and Accountable

  • Training coverage: Board (2 programs), KMP (2 programs), Employees (5,045 programs), Workers (7,867 programs)
  • No fines/penalties paid in FY25-26
  • Anti-corruption policy: Yes (https://pateleng.com/pdf/2473PELABMS%20Policy.pdf)
  • Disciplinary action: 0 Directors/KMPs/employees/workers in current year; 1 Director and 1 employee in previous year (case sub judice)
  • Accounts payables days: 273.95 (FY25-26), 280.75 (FY24-25)
  • Concentration of purchases: 34.80% from trading houses, 910 trading houses
  • RPTs: 0% in purchases/sales, 69.34% in loans & advances, 99.24% in investments

PRINCIPLE 2: Sustainable and Safe Goods/Services

  • R&D investment: 0%, Capex investment: 0% (FY25-26), 0.78% (FY24-25)
  • Sustainable sourcing procedures: No formal policy but approximately 50% sourcing from PSUs/large companies with sustainability policies
  • Reclaim processes: Detailed processes for plastics, e-waste, hazardous waste, and other waste including construction debris
  • Extended Producer Responsibility: Not directly applicable to core activities

PRINCIPLE 3: Employee Well-being

  • Employee benefits: 100% coverage for health and accident insurance for permanent employees
  • Worker benefits: 100% accident insurance coverage for all workers
  • Spending on well-being: 0.12% of total revenue (FY25-26), 0.02% (FY24-25)
  • Retirement benefits: PF coverage 98.54% employees, 100% workers; Gratuity coverage 98.50% employees, 100% workers
  • Differently-abled accessibility: Yes, as per Rights of Persons with Disabilities Act, 2016
  • Equal opportunity policy: Yes (https://tinyurl.com/t5w9tn84)
  • Grievance mechanism: Yes for all categories of employees and workers
  • Training: 98.54% employees and 20.76% workers received health/safety training; 98.54% employees and 20.76% workers received skill upgradation
  • Safety performance: LTIFR 0.06 (employees), 0.42 (workers); Total recordable injuries 1 (employees), 8 (workers); Fatalities 0 (employees), 7 (workers)

PRINCIPLE 4: Stakeholder Responsiveness

  • Key stakeholder groups identified: Customers/Clients, Suppliers/Subcontractors, Employees & Workers, Investors and Shareholders, Communities, Government and Regulatory Bodies
  • Stakeholder engagement channels and frequency detailed for each group
  • Consultation processes through BRSR Committee, CSR Committee, Risk Management Committee, and Stakeholders' Relationship Committee

PRINCIPLE 5: Human Rights

  • Human rights training: 100% employees covered, 20% workers covered
  • Minimum wages: 100% employees paid above minimum wage, 100% workers paid equal to minimum wage
  • Median remuneration: Board (Male: ₹2.85Cr, Female: ₹4.66Cr), KMP (Male: ₹1.15Cr, Female: ₹0.78Cr), Employees (Male: ₹6.70L, Female: ₹7.50L), Workers (Male: ₹4.56L, Female: ₹2.87L)
  • Gross wages to females: 3.44% of total wages (FY25-26), 3.23% (FY24-25)
  • Human rights focal point: Yes, HR head and directors
  • Complaints: 0 complaints across all human rights categories
  • POSH complaints: 0 reported, 0 upheld
  • Assessments: 100% coverage for child labour, forced labour, sexual harassment, discrimination, wages

PRINCIPLE 6: Environmental Protection

Energy Consumption:

  • Renewable sources: 0 GJ
  • Non-renewable sources: 878,646 GJ (Electricity: 269,122 GJ, Fuel: 609,524 GJ)
  • Energy intensity: 17.3420 GJ/Million ₹ turnover, 357.9398 GJ/Million USD PPP, 0.090205 GJ/Hours worked

Water Management:

  • Water withdrawal: 437,81,457.38 kl (Surface: 128,02,340.5, Ground: 133,00,833.84, Third party: 122,629.4, Others: 175,55,653.64)
  • Water consumption: 88,35,516.047 kl
  • Water intensity: 174.3887 KL/Million ₹ turnover, 3599.3831 KL/Million USD PPP, 0.90709 KL/Hours worked
  • Water discharge: 398,89,490.8 kl (various destinations and treatment levels)
  • Zero Liquid Discharge: Implemented at KIRU site

Air Emissions:

  • NOx: 23.042 μg/m3, SOx: 17.89 μg/m3, PM: 54.16 μg/m3, Others: 2.22 μg/m3

GHG Emissions:

  • Scope 1: 4625.24 tCO2e, Scope 2: 19978.76 tCO2e
  • Emission intensity: 0.4856 tCO2e/Million ₹ turnover, 10.0230 tCO2e/Million USD PPP, 0.0025 tCO2e/Hours worked
  • GHG reduction projects: Equipment electrification, efficient machinery, local procurement, carbon sinks, zero liquid discharge, compliance tracking

Waste Management:

  • Total waste generated: 1642 MT (Plastic: 129.97, E-waste: 0.015, Construction: 111.48, Battery: 0.492, Hazardous: 14.39, Non-hazardous: 1385.24)
  • Waste intensity: 0.03240 MT/Million ₹ turnover, 0.6689 MT/Million USD PPP, 0.000168 MT/Hours worked
  • Waste recovered: 47.35 MT total
  • Waste disposed: 587.277 MT total
  • Ecologically sensitive areas: 11 operations with full environmental compliance
  • Environmental impact assessments: Completed for Shongtong HEP and Parnai Hydro Electric Project

PRINCIPLE 7: Responsible Policy Influence

  • 12 affiliations with trade/industry chambers/associations
  • Top associations: Builders' Association of India, Indian Concrete Institute, Indo-American Chamber of Commerce, Tunnelling Association of India, National Safety Council, etc.
  • No corrective actions needed on anti-competitive conduct

PRINCIPLE 8: Inclusive Growth

  • No Social Impact Assessments conducted
  • No Rehabilitation and Resettlement ongoing
  • Community grievance mechanisms handled through Client
  • MSME sourcing: 37.52% (FY25-26), 16.88% (FY24-25)
  • 100% sourcing from within India
  • Job creation: Rural (71.05% wages), Urban (8.90%), Metropolitan (20.05%)
  • CSR beneficiaries: 18 projects benefiting 42,700+ persons, mostly from vulnerable/marginalized groups

PRINCIPLE 9: Responsible Consumer Engagement

  • Consumer complaint mechanisms: Project review meetings, Daily Progress Reports, customer feedback channels
  • No product recalls
  • Cyber security framework in place, policy to be framed by March 2027
  • Data privacy policy in progress, compliance with DPDPA by October 2027
  • 0 consumer complaints across all categories
  • 0 data breaches