Date: 27 August 2026

I. Details of the listed entity:

  • Corporate Identity Number (CIN): L24232GJ1996PLC029894
  • Year of Incorporation: 1996
  • Registered Office Address: Plot No. 502/17, GIDC Estate, Ankleshwar, Dist. Bharuch, Gujarat - 393002, India
  • Corporate Address: Plot No. 353, Makarpura GIDC, Vadodara, Gujarat - 390010, India
  • Contact: Email cs@tatvachintan.com, Telephone +91-7574848533/34, Website www.tatvachintan.com
  • Financial Year: 01 April 2025 to 31 March 2026
  • Listed on: BSE Limited and National Stock Exchange of India Limited
  • Paid-up Capital: ₹233.92 Million
  • BRSR Contact: Mr. Chintan N. Shah, Chairman and Managing Director, Telephone +91 75748 48533/34, Email chintan@tatvachintan.com
  • Reporting Boundary: Standalone Basis
  • Assurance: Not Applicable

II. Products / Services:

  • Main Business Activity: Manufacturing of specialty chemicals with diverse portfolio of Structure Directing Agents, Phase Transfer Catalysts, Electrolyte Salts and Solutions and Pharmaceutical and Agrochemical Intermediates and Other Specialty Chemicals
  • % of turnover: 98.94%
  • Product-wise Turnover Contribution:
  • Structure Directing Agents (SDA): 40.74%
  • Phase Transfer Catalysts (PTC): 23.12%
  • Pharmaceutical and Agrochemical Intermediates and Other Specialty Chemicals (PASC): 33.05%
  • Electrolyte Salts and Solutions (ESS): 2.03%
  • All products fall under NIC Code 20119

III. Operations:

  • Number of locations: 4 total (2 plants and 2 offices nationally, 0 internationally)
  • Markets served: National (17 states), International (30 countries)
  • Export contribution: 75% of total turnover
  • Customer base includes Agro chemicals, Active pharmaceuticals ingredients, Zeolites manufactures, Chemicals / Specialty chemicals, Personal care and hygiene, Super capacitors and energy storage devices, Resins, Mining and metals industry, Specialty chemicals for semiconductor application
  • Company serves customers directly and through agents

IV. Employees

a. Employees and workers (including differently abled)
  • Total Employees: 363 (Permanent: 363; Other than Permanent: 0)
  • Male: 341 (93.94%)
  • Female: 22 (6.06%)
  • Total Workers: 734 (Permanent: 430; Other than Permanent: 304)
  • Male: 732 (99.73%)
  • Female: 2 (0.27%)
b. Differently abled Employees and workers
  • Differently abled Employees: 1 (Male: 1, 100%; Female: 0, 0%)
  • Differently abled Workers: 1 (Male: 1, 100%; Female: 0, 0%)
c. Participation / Inclusion / Representation of women
  • Board of Directors: 6 total, 1 female (16.67%)
  • Key Management Personnel: 5 total, 0 female (0%)
  • Note: Mr. Chintan N. Shah, Mr. Ajaykumar M. Patel, and Mr. Shekhar R. Somani are part of both BOD and KMP
d. Turnover rate for permanent employees and workers
  • Permanent Employees: 49.79% (Male: 50.52%, Female: 38.10%)
  • Permanent Workers: 36.72% (Male: 36.77%, Female: 0%)
  • Comparative rates for FY 2024-25: Employees 30.06%, Workers 21.76%
  • Comparative rates for FY 2023-24: Employees 23.96%, Workers 15.68%

V. Holding, Subsidiary and Associate Companies

  • Tatva Chintan USA Inc.: Wholly Owned Subsidiary, 100% shares held, Does not participate in business responsibility initiatives
  • Tatva Chintan Europe B.V.: Wholly Owned Subsidiary, 100% shares held, Does not participate in business responsibility initiatives

VI. CSR Details

  • CSR applicable: Yes
  • Turnover: ₹4,962.96 Million (FY 2025-26)
  • Net worth: ₹7,582.29 Million (FY 2025-26)

VII. Transparency and Disclosures Compliances

Complaints / Grievances on NGRBC Principles:
  • Communities: 0 complaints received during year, 0 pending at close
  • Investors (other than shareholders): 0 complaints received during year, 0 pending at close
  • Shareholders: 0 complaints received during year, 1 pending at close
  • Employees and workers: 0 complaints received during year, 0 pending at close
  • Customers: 14 complaints received during year, 0 pending at close (compared to 10 in previous year)
  • Value Chain Partners: 0 complaints received during year, 0 pending at close
  • All stakeholder groups have grievance redressal policies in place
Material Responsible Business Conduct Issues:

The company identified 12 material issues with associated risks/opportunities:

1. Health and Safety (Risk): Negative financial implications. Mitigation through Health and Safety Management Plan, continuous Training, Process Safety and Risk Management.

2. Business ethics (Risk): Negative financial implications. Mitigation through Code of Business Conduct and Ethics, zero tolerance policy.

3. Employee development (Opportunity): Positive financial implications.

4. Community relations and engagement (Opportunity): Positive financial implications.

5. Corporate governance (Opportunity): Positive financial implications.

6. Waste management (Risk): Negative financial implications. Mitigation through segregation and 3R concept (reduce, reuse, recycle).

7. Water stewardship (Opportunity): Positive financial implications. Approach includes minimizing consumption, effluent reuse. Ankleshwar unit is Zero Liquid Discharge since January 2020.

8. Reducing GHG emissions (Opportunity): Positive financial implications.

9. Air emissions (Risk): Negative financial implications. Mitigation through monitoring and reduction measures.

10. Stakeholder engagement (Opportunity): Positive financial implications.

11. Key material procurement and management (Risk): Positive financial implications. Mitigation through supplier awareness on ESG practices.

12. Risk management and operation compliance (Risk): Negative financial implications. Mitigation through enterprise risk management system, compliance audits, and training.

Section B: Management and Process Disclosures

Policy Coverage:
  • The entity's policies cover all 9 NGRBC principles (P1 to P9)
  • All policies have been approved by the Board
  • Policies are available at: https://www.tatvachintan.com/corporate-governance.aspx
  • Policies have been translated into procedures
  • Policies extend to value chain partners
Specific Commitments, Goals and Targets:
  • Environment: 20% reduction in intensity (per tonne of production) based carbon emissions (GHG) by 2030, base year FY 2023-2024
  • Engagement with 30% of top 10 raw material suppliers (value wise) and top 10 customers (value wise) by 2030
  • Social: Directly/Collaborate with NGOs to promote education, rural development, environmental sustainability, and healthcare access
  • Average 16 EHS training hours per employee (including non-permanent employee) per year
  • Governance: Zero tolerance of corruption and bribery
Performance Against Commitments:
  • Environment: Progress includes securing 3.2 MW Wind-Solar hybrid renewable power for Dahej SEZ Unit and planned 155 kW rooftop solar plant at corporate office
  • Engaged with 46 raw material suppliers and 7 customers on sustainability
  • Social: Implemented CSR initiatives focused on education, rural development, environmental sustainability and healthcare access
  • Provided average of 26 EHS training hours per employee (exceeding target)
  • Governance: No instances of corruption or bribery reported
Governance, Leadership and Oversight:
  • Director statement highlights commitment to ESG principles and SBTi alignment
  • Mr. Chintan N. Shah, Chairman and Managing Director (DIN: 00183618) is responsible for implementation and oversight under Board guidance
  • Committee for Corporate Social Responsibility and Risk Management exists for sustainability issues
  • NGRBC review undertaken annually by Director/Committee of the Board
  • No independent external assessment of policies, but reviewed by Board, Committees, and various auditors (ISO, Internal, Secretarial)
  • Certifications include ISO 9001, ISO 14001, ISO 22716 and ISO 45001

Section C: Principle Wise Performance Disclosure

PRINCIPLE 1: Ethical, Transparent and Accountable Business
  • Training coverage: 100% for all categories (BoD, KMPs, Employees, Workers)
  • No fines/penalties/settlement amounts paid in proceedings
  • Anti-corruption policy exists as part of Code of Conduct
  • No disciplinary actions for bribery/corruption against Directors, KMPs, employees or workers
  • No complaints regarding conflict of interest
  • Number of days of accounts payables: 80 days (FY 2025-26)
  • Purchase concentration: 48.56% from trading houses (463 trading houses)
  • Sales to dealers/distributors: 1.46% of total sales (33 dealers/distributors)
  • Related Party Transactions: Sales to related parties 30.93% of total sales
PRINCIPLE 2: Sustainable and Safe Goods/Services
  • Capex investments for environmental/social impacts: 7.00% of total capex (focus on employee health/safety and energy saving)
  • Sustainable sourcing procedures in place
  • 50.57% of raw materials sourced sustainably
  • Product reclamation processes in place for plastics, e-waste, and hazardous waste
  • Extended Producer Responsibility (EPR) compliance confirmed
PRINCIPLE 3: Employee Well-being
  • 100% coverage for health insurance and accident insurance for all employees and workers
  • Maternity benefits: 100% for female employees (22 covered) and female workers (1 covered for permanent, 1 for non-permanent)
  • Spending on well-being measures: 1.11% of total revenue (FY 2025-26)
  • 100% coverage for retirement benefits (PF, Gratuity, ESI) where applicable
  • Workplace accessible to differently abled persons
  • Equal opportunity policy exists
  • Return to work rate after parental leave: 100% for female employees
  • Grievance mechanisms available for all employee categories
  • No employees/workers part of associations/unions
  • 100% training coverage on health/safety and skill upgradation
  • 100% performance and career development reviews
  • Occupational health and safety management system implemented (ISO 45001:2018)
  • Comprehensive hazard identification processes in place
  • Zero safety incidents across all categories (LTIFR, recordable injuries, fatalities, high consequence injuries)
  • No complaints on working conditions or health/safety
  • 100% assessment coverage for health/safety practices and working conditions
PRINCIPLE 4: Stakeholder Responsiveness
  • Key stakeholder groups identified: Employees, Shareholders, Customers, Communities, Suppliers, Service Provider, Business Partners, Vendors, Government/Regulatory Bodies, Banks/Financial Institutions
  • Ongoing engagement through various channels with different frequencies
  • No stakeholder groups identified as Vulnerable & Marginalized
PRINCIPLE 5: Human Rights
  • 100% training coverage on human rights for permanent employees and workers
  • All employees and workers paid above minimum wage
  • Median remuneration:
  • BoD: Male ₹17,125,044, Female ₹200,000
  • KMPs: Male ₹17,125,044, Female ₹0
  • Other employees: Male ₹412,393, Female ₹310,604
  • Workers: Male ₹272,891, Female ₹245,600
  • Gross wages paid to females: 1.59% of total wages
  • HR team serves as focal point for human rights issues
  • Internal grievance mechanisms established
  • Zero complaints across all human rights categories (sexual harassment, discrimination, child labor, forced labor, wages)
  • Zero POSH complaints
  • 100% assessment coverage for human rights issues
  • Human rights requirements included in business agreements
PRINCIPLE 6: Environmental Protection
  • Total energy consumption: 285,897.23 Gigajoules (FY 2025-26)
  • Energy intensity: 0.0000576 per rupee of turnover, 29.98 per tonne of production
  • Not designated as consumer under PAT Scheme
  • Water withdrawal: 122,859 kiloliters (100% from third party)
  • Water consumption: 98,937 kiloliters
  • Water intensity: 0.0000199 per rupee of turnover, 10.38 per tonne of production
  • Water discharged: 8,110 kiloliters (with tertiary treatment to third parties)
  • Ankleshwar unit implements Zero Liquid Discharge mechanism
  • Air emissions: SOx 896 kg/year, PM 6 kg/year, NOx 0 kg/year
  • GHG emissions: Scope 1 10,637.93 t CO2 eq, Scope 2 19,479.36 t CO2 eq
  • Emission intensity: 0.00000607 per rupee of turnover, 3.16 per tonne of production
  • GHG reduction projects include transition to Natural Gas, 3.2 MW Wind-Solar hybrid power, 155 kW rooftop solar plant
  • Total waste generated: 5,501.98 metric tons
  • Waste intensity: 0.0000011 per rupee of turnover, 0.58 per tonne of production
  • Waste recovered: 4,854.77 metric tons (recycled 2,283.05, re-used 2,571.72)
  • Waste disposed: 3,873.34 metric tons (incineration 2,911.32, landfilling 961.13, other 0.89)
  • No operations in ecologically sensitive areas
  • No environmental impact assessments required
  • Compliant with all applicable environmental laws
PRINCIPLE 7: Responsible Policy Influence
  • 6 affiliations with trade/industry chambers/associations
  • Top associations: Ankleshwar Industries Association, Bharuch District Management Association, Vadodara Chamber of Commerce and Industry, Dahej Industries Association, Export Promotion Council for EOUS & SEZ Units, CHEMEXCIL
  • No corrective actions needed on anti-competitive conduct
PRINCIPLE 8: Inclusive Growth
  • No Social Impact Assessments required
  • No Rehabilitation and Resettlement projects ongoing
  • Community grievance mechanisms through CSR interactions
  • 34.23% input material sourced from MSMEs/small producers
  • 76.59% input material sourced directly from within India
  • Job creation: Rural 22.94%, Semi-urban 4.79%, Urban 44.90%, Metropolitan 27.36% of total wage cost
PRINCIPLE 9: Responsible Consumer Engagement
  • Comprehensive consumer complaint redressal system with QA team oversight
  • 100% of products carry information about environmental/social parameters, safe usage, and recycling/disposal
  • Zero consumer complaints across all categories (data privacy, advertising, cyber-security, delivery services, trade practices)
  • Zero product recalls
  • Cyber security and data privacy policy exists
  • No corrective actions needed on consumer issues
  • Zero data breaches