Key Quantitative Figures

  • Paid Up Capital: ₹18,28,07,975
  • Revenue from Operations (for CSR applicability): ₹5,41,018.05 lakhs
  • Net Worth: ₹77,234.20 lakhs
  • Export Contribution: 14.83% of total turnover
  • Total Employees: 573 (557 male, 16 female)
  • Total Workers: 503 (all male, including 275 contract workers)
  • Manufacturing Locations: 7 plants nationally
  • Office Locations: 5 offices nationally
  • Markets Served: 18 Indian states, 3 Union Territories, 22 international countries

Operational Details

  • Main Business Activity: Manufacturing of insulated enamelled winding wire of copper and other insulated electric conductors (HS Code 8544)
  • Turnover Contribution: 100% from main business activity
  • Employee Distribution: 97.2% male workforce overall
  • Board Composition: 6 directors with 1 female director (16.67% representation)
  • Key Management Personnel: 2 with 1 female (50% representation)

ESG and Compliance Disclosures

  • Reporting Boundary: Standalone basis
  • Assurance Provider: Not applicable as per SEBI Circular No. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated 12 July, 2023
  • CSR Applicability: Yes under Section 135 of Companies Act, 2013
  • Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016, UL, RoHS & REACH
  • Solar Capacity: 1020 KW rooftop solar installation

Material Responsible Business Conduct Issues

Identified three material issues with risk mitigation approaches:

1. Environmental Risk: Compliance with environmental regulations, ISO 14001 certification, Environmental Policy, Risk Management Committee oversight

2. Social Risk: Compliance with health/safety/labor laws, ISO 45001 certification, human rights policies, CSR contributions, education support, insurance coverage

3. Governance Risk: Multiple board committees (Audit, NRC, Risk Management, CSR, Stakeholder Relationship), comprehensive policies including whistleblower, anti-corruption, and code of conduct

Financial Implications

All material issues identified have negative financial implications as per the risk assessment.

Training and Awareness Programs

  • Board of Directors: 1 program (100% coverage) on business strategy, industry status, copper price volatility, FX/INR rates, statutory updates, risk management
  • KMPs: 5 programs (100% coverage) on compliance management, POSH, human rights, anti-corruption, health and safety, cyber security, data privacy, diversity
  • Employees: 1 program (75% coverage) on POSH, human rights, anti-corruption, health/safety, skill development, whistleblower, risk management, sustainable procurement, energy efficiency
  • Workers: 60 programs (91% coverage) on labor/human rights, factory compliance, business ethics, health/fire/safety, hazardous material handling, water conservation, waste management, quality processes

Stakeholder Engagement

  • Shareholder Complaints: 3 filed during year, 0 pending resolution
  • Other Stakeholders: No complaints from communities, investors, employees, workers, customers, or value chain partners
  • Engagement Mechanisms: Multiple channels including email, meetings, website, notices for employees, suppliers, customers, investors, lenders, regulators, and communities

Environmental Performance

  • Energy Consumption: 257,839.05 GJ total (252,120.44 GJ electricity, 2,304.03 GJ fuel, 3,414.58 GJ solar)
  • Water Consumption: 47,050 kiloliters (39,022 groundwater, 8,028 third-party water)
  • GHG Emissions: Scope 1 - 414.84 tCO2e, Scope 2 - 49,723.75 tCO2e
  • Waste Management: 1,211.45 metric tons total (91.14 hazardous, 977.62 non-hazardous, 142.22 plastic, 0.49 e-waste)
  • Zero Liquid Discharge: Implemented at Silvassa units with ETP and STP systems

Social Performance

  • Employee Benefits: Health insurance (36.65% coverage), accident insurance (100% coverage), PF (99.5% employees, 100% workers), gratuity (95% employees, 100% workers)
  • Safety Performance: No recordable injuries, fatalities, or high-consequence incidents
  • Human Rights: No complaints of sexual harassment, discrimination, child labor, or forced labor
  • Minimum Wages: 100% of employees and workers paid above minimum wage

Governance Structure

  • Highest Implementation Authority: Milan M. Mehta (Chairman & MD) and Deepika Pandey (Company Secretary & Compliance Officer)
  • Board Committees: Risk Management Committee handles environmental, labor, safety and governance issues; CSR Committee handles society engagement and environmental protection
  • Policies Available: Related Party Policy, Code of Conduct, Archival Policy, Whistle Blower Policy, Dividend Distribution Policy, Nomination and Remuneration Policy, Materiality Policy, Sustainable Sourcing Policy, Grievance Redressal Policy, Environmental Policy, Human Rights Policy, Non-Discrimination Policy

Forward-Looking Statements

  • Zaroli plant to commence commercial operations during FY 2026-27
  • Planning ESG audit of value chain partners in coming year
  • Continuing focus on energy efficiency and emission reduction projects