Date: July 20, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Auditor’s Report

  • Independent Reasonable Assurance Report provided by Moore Singhi Advisors LLP on BRSR Core KPIs
  • Assurance conducted in accordance with ISAE 3000 and ISAE 3410 standards
  • Reporting period: April 1, 2025 to March 31, 2026
  • Assurance covered 9 ESG attributes with 17 manufacturing locations and 4 offices
  • Opinion: BRSR Core KPIs prepared in all material respects according to SEBI criteria

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Business Activities:

  • Main activity: Manufacturing of Industrial Explosives, Initiating Systems (97.80% of turnover)
  • NIC Code: 24292
  • Export contribution: 47.65% of total turnover
  • Market segments: Coal India Limited, Non-CIL & Institutional, Housing & Infrastructure, Exports & Overseas, Defence

Operations:

  • 26 plants and 4 offices nationally
  • Presence in more than 90 countries internationally
  • PAN India presence with operations across multiple states

Employee Data (as of March 31, 2026):

Employees:
  • Permanent Employees: 1,410 total (1,274 male, 136 female)
  • Other than Permanent Employees: 0
  • Turnover rate: 13.9% (12.5% male, 1.4% female)
Workers:
  • Permanent Workers: 941 total (922 male, 19 female)
  • Other than Permanent Workers: 5,095 total (4,048 male, 1,047 female)
  • Total Workers: 6,036
  • Turnover rate: 24.7% (23.5% male, 1.2% female)

Diversity Representation:

  • Board of Directors: 8 total, 1 female (12.5%)
  • Key Management Personnel: 6 total, 2 female (33.33%)

Subsidiary Companies:

  • 39 subsidiaries and associates listed
  • Major subsidiaries include Solar Defence and Aerospace Limited, Emul Tek Private Limited, Solar Explochem Limited
  • 100% ownership in most subsidiaries

CSR Applicability:

  • CSR applicable under Section 135 of Companies Act, 2013

Material ESG Issues Identified:

15 material issues identified with risk/opportunity assessment:

1. Climate Change, Energy and Emissions (Risk/Opportunity)

2. Environmental Risk and Compliance (Risk)

3. Water Conservation and Management (Risk)

4. Waste and Hazardous Materials Management (Risk)

5. Occupational Health and Safety (Risk)

6. Employee Health and wellbeing (Opportunity)

7. Human Rights (Risk)

8. Diversity and Inclusion (Opportunity)

9. Data Privacy & Security (Risk)

10. Skill Development (Opportunity)

11. Supply Chain Management and Materials Sourcing (Risk)

12. Regulatory Compliance (Opportunity)

13. Innovation and R&D (Opportunity)

14. Ethical Business Conduct (Opportunity)

ESG Performance Metrics (FY 2025-26):

Energy Consumption:
  • Total energy consumed: 10,01,877 GJ
  • From renewable sources: 1,61,059 GJ (16.08%)
  • From non-renewable sources: 8,40,818 GJ
  • Energy intensity: 179.58 GJ/₹crore revenue
Water Management:
  • Total water withdrawal: 5,25,398 KL
  • Ground water: 4,95,752 KL
  • Surface water: 10,808 KL
  • Third party water: 18,838 KL
  • Water intensity: 94.18 KL/₹crore revenue
  • Zero liquid discharge implementation with ETP, MEEP, and STP facilities
GHG Emissions:
  • Total Scope 1 emissions: 21,735 tCO2e
  • Total Scope 2 emissions: 16.28 tCO2e
  • Emission intensity: 0.17 tCO2e/MT physical output
Waste Management:
  • Total waste generated: 13,861.73 MT
  • Hazardous waste: 2,200.38 MT
  • Non-hazardous waste: 10,721.57 MT
  • Plastic waste: 527.39 MT
  • E-waste: 4.87 MT
  • Waste recovered: 2,231.84 MT (recycled)
  • Waste disposed: 11,391.86 MT (incineration: 1,966.50 MT, landfilling: 9,425.36 MT)
  • Waste intensity: 2.48 MT/₹crore revenue
Social Metrics:
  • Gross wages paid to females: 10.2% of total wages
  • Spending on employee wellbeing: 0.1% of total revenue
  • POSH complaints: Nil
  • Training coverage: 100% for employees, 86% for workers
  • Minimum wage compliance: 100% for all categories

Assurance Scope:

  • Assurance provider: Moore Singhi Advisors LLP
  • Assurance standard: ISAE 3000 and ISAE 3410
  • Sites verified: Chakdoh manufacturing facility, Ramdaspeth office, Corporate Office - Solar House
  • Coverage: 9 ESG attributes as per SEBI BRSR Core requirements