Date: July 28, 2026

Products/Services

  • Main Business Activity: Manufacture and sale of automotive components, designing, developing, and manufacturing electrical, electronics, lighting, polymer, metallic, and advanced safety solutions for OEMs worldwide in the two-wheeler, three-wheeler, passenger car, commercial vehicle, and off-highway vehicle ("OHV") segments. Strong aftermarket division serving over 27 countries.
  • Turnover Contribution:
  • Electrical & Lighting Auto parts: 41.41% (NIC Code 2740)
  • Polymer Auto parts: 34.83% (NIC Code 2220)
  • After Market Auto parts: 10.90%
  • Steel-Forged Products: 7.03% (NIC Code 2410)
  • Engine valves: 1.91% (NIC Code 2813)
  • Toolings: 1.46%
  • Job work: 0.58%

Operations

  • Number of Locations: 33 (30 plants and 3 offices), all National. No International plants or offices.
  • Markets Served: National (8 States), International (30 Countries)
  • Export Contribution: 3.8% of total turnover
  • Customer Base: Domestic and international OEMs as well as aftermarket clients across passenger cars, commercial vehicles, two-wheelers, three-wheelers, and off-highway vehicles.

Employees & Workers

Total Employees (Permanent + Other than Permanent): 3,504

  • Permanent Employees: 3,482 (Male: 3,246 [93%], Female: 236 [6.8%])
  • Other than Permanent Employees: 22 (Male: 16 [72%], Female: 6 [27%])

Total Workers (Permanent + Other than Permanent): 25,117

  • Permanent Workers: 1,890 (Male: 1,831 [97%], Female: 59 [3.1%])
  • Other than Permanent Workers: 23,227 (Male: 16,941 [72%], Female: 6,286 [27%])

Differently Abled Employees and Workers: Not specified in numbers.

Participation/Inclusion/Representation of Women:

  • Board of Directors: 4 total, 0 female (0%)
  • Independent Board of Directors: 4 total, 1 female (25%)
  • Key Management Personnel: 2 total, 0 female (0%)

Turnover Rate (Past 3 years):

  • Permanent Employees: FY2026: 17.46% (M:17.09%, F:22.57%); FY2025: 16.60% (M:16.50%, F:18.40%); FY2024: 15% (M:14.70%, F:18.70%)
  • Permanent Workers: FY2026: 1.77% (M:1.68%, F:4.72%); FY2025: 6.80% (M:6.30%, F:20.10%); FY2024: 4.10% (M:4%, F:9.50%)

Holding, Subsidiary and Associate Companies

Listed entity holds subsidiaries and joint ventures, including Durovalves India Private Limited (72.78%), Varroc Connect Pvt Ltd (95%), Varroc European Holding BV. (100%), Varroc Japan Co. Ltd. (100%), and others. The Business Responsibility initiatives of the listed entity do NOT extend to any of these entities (All responded as "No").

CSR Details

  • CSR Applicable as per section 135 of Companies Act, 2013: Yes
  • Turnover: INR 81,455.32 million
  • Net worth: INR 20,651.41 million

Transparency and Disclosures Compliances

Complaints/Grievances on NGRBC Principles (Principles 1 to 9):

  • Employees and workers: FY2026: 9 complaints filed, 0 pending; FY2025: 3 complaints filed, 0 pending. All complaints filed during the year were resolved.
  • All other stakeholder groups (Communities, Investors, Shareholders, Customers, Value Chain Partners): 0 complaints filed and 0 pending for both FY2026 and FY2025.

Material Responsible Business Conduct Issues

Identified material issues with rationale, risk/opportunity type, approach to mitigate (if risk), and financial implications:

1. Energy and GHG Emissions (Risk): GHG emissions from manufacturing contribute to climate change. Mitigation through energy conservation and transition to renewable energy. Financial implication: Negative.

2. Employee Health and Safety (Opportunity): Essential for employee well-being and productivity. Implementation of robust OHS management systems (ISO 14001 & ISO 45001). Financial implication: Positive.

3. Labor Management and Human Rights (Opportunity): Emphasizes fair and ethical treatment of workers. No specific mitigation approach listed. Financial implication: Positive.

4. Sustainable Supply Chain (Opportunity): Improves operational efficiency and minimizes environmental impacts. No specific mitigation approach listed. Financial implication: Positive.

5. Diversity, Equity & Inclusion (Opportunity): Drives innovation and strengthens employee engagement. No specific mitigation approach listed. Financial implication: Positive.

6. Regulatory Compliances (Risk & Opportunity): Non-compliance may result in fines and legal penalties. Approach: Evaluation of processes to ensure compliance. Financial implication: Positive.

7. Business Ethics & Transparency (Risk & Opportunity): Fosters trust and ensures high standards of integrity. Approach: Established robust corporate governance framework. Financial implication: Positive.

A comprehensive materiality assessment was conducted during the financial year.

Principle-Wise Performance Disclosure Highlights

Principle 1 (Ethics, Transparency, Accountability):

  • Training Coverage: Board of Directors (50%), KMPs (89%), Other Employees (83%), Workers (100%).
  • Fines/Penalties: None reported.
  • Anti-Corruption Policy: In place. Web-link provided. Zero disciplinary actions for bribery/corruption.
  • Conflict of Interest: Zero complaints for Directors and KMPs.
  • Accounts Payable Days: FY2026: 93.15 days; FY2025: 94.42 days.

Principle 2 (Sustainable & Safe Goods/Services):

  • R&D Investment for ESG: 38% of total R&D in FY2026 (27.3% in FY2025). Capex for ESG: 3.7% of total capex in FY2026 (5.1% in FY2025). Focus on EV tech and EHS.
  • Sustainable Sourcing: 100% inputs sourced sustainably as per Supplier Code of Conduct.
  • EPR: Applicable. Certification obtained across all applicable plants.
  • Recycled/Reused Input: 0% currently.

Principle 3 (Employee Well-being):

  • Well-being Measures: 100% coverage for Health & Accident Insurance for all employees and workers. Maternity benefits: 100% for eligible females. Paternity Benefits: 100% for males. Day Care: 0% coverage.
  • Spending on Well-being: 0.4% of total revenue in FY2026 (0.10% in FY2025).
  • Retirement Benefits: 100% coverage and deposited for PF, Gratuity, ESI.
  • Workplace Accessibility: Accessible to differently abled as per Rights of Persons with Disabilities Act, 2016.
  • Equal Opportunity Policy: Diversity, Equity, and Inclusion Policy in place. Web-link provided.
  • Return to Work post Parental Leave: 100% for all categories.
  • Grievance Mechanisms: In place for all categories of employees and workers.
  • Union Membership: 100% of permanent workers are part of associations/unions.
  • Training: Health & Safety (Employees: 32%, Workers: 76% in FY2026), Skill Upgradation (Employees: 82%, Workers: 68% in FY2026).
  • Performance Reviews: Conducted for 85% of employees and 67% of workers in FY2026.
  • OHS Management: Implemented per ISO 45001 across all plants.
  • Safety Incidents (FY2026): LTIFR: Workers 0.030; Total Recordable Injuries: Workers 2; Fatalities: 0; High consequence injuries: 0.
  • Complaints: Working Conditions (442 filed, 0 pending), Health & Safety (22 filed, 0 pending).
  • Assessments: 100% of plants/offices assessed for Health & safety practices and Working Conditions.

Principle 4 (Stakeholder Interests):

Key stakeholder groups identified: Shareholders, Investors, Customers, Employees/Workers, Distributors, Vendors, Community.

Principle 5 (Human Rights):

  • Human Rights Training Coverage (FY2026): Employees: 40%, Workers: 46.27%.
  • Median Remuneration (FY2026): KMPs (Male): ~INR 2.05 Cr; Other Employees: Male: INR 8.76 L, Female: INR 10.00 L; Workers: Male: INR 5.63 L, Female: INR 5.27 L.
  • Gross wages to females: 7.06% of total wages in FY2026 (7.00% in FY2025).
  • Human Rights Focal Point: Yes.
  • Complaints (FY2026): Sexual Harassment (POSH): 9 filed, 0 pending, 0 upheld; Other categories (Discrimination, Child Labor, etc.): 0.
  • POSH Complaints as % of female workforce: 0.13% in FY2026 (0.07% in FY2025).
  • Assessments: 100% of plants/offices assessed for Child labor, Forced labor, Sexual harassment, Discrimination, Wages.

Principle 6 (Environment):

  • Energy Consumption (FY2026): Total: 754,885.32 GJ. Renewable: 259,406.79 GJ (34.4%). Non-Renewable: 495,478.53 GJ. Intensity: 0.92 GJ/INR Lakh.
  • PAT Scheme: Not applicable.
  • Water (FY2026): Withdrawal: 498,233.60 kL. Consumption: 419,024 kL. Intensity: 0.51 kL/INR Lakh. Discharge: 35,413 kL outside boundary.
  • Zero Liquid Discharge: Implemented at 5 plants.
  • Air Emissions (FY2026): NOx: 27.62 mg/Nm3, SOx: 17.22 mg/Nm3, PM: 44.30 mg/Nm3.
  • GHG Emissions (FY2026): Scope 1: 75,805 tCO2e, Scope 2: 100,639 tCO2e (Data appears inconsistent; values listed). Intensity: 0.10 tCO2e/INR Lakh.
  • GHG Reduction Projects: Energy efficiency programs, Renewable energy (45% of electricity consumption), EMS, logistics optimization.
  • Waste Generated (FY2026): Total: 16,288 MT. Recycled/Re-used/Recovered: 14,659 MT. Disposed: 1,629 MT. Intensity: 0.02 MT/INR Lakh.
  • Environmental Compliance: Compliant with Water Act, Air Act, EPA, Hazardous Waste Rules. No non-compliances reported.
  • Ecologically Sensitive Areas: No operations/offices in or around such areas.

Principle 7 (Responsible Public Policy):

  • Affiliations: 6 trade/industry chambers (e.g., ACMA, SIAM, CII).
  • Corrective Action on Anti-competitive conduct: None reported.

Principle 8 (Inclusive Growth):

  • Social Impact Assessments (SIA): Not undertaken.
  • Rehabilitation & Resettlement (R&R): Not ongoing for any project.
  • Sourcing: 30% from MSMEs/small producers; 96% from within India.
  • Job Creation: Wages paid predominantly in Urban (93%) and Metropolitan (2%) areas.
  • CSR in Aspirational Districts: None.
  • Preferential Procurement: No policy for marginalized/vulnerable groups (0% procurement).
  • Traditional Knowledge IP: Not applicable.
  • CSR Beneficiaries: Details provided for 6 projects (e.g., Cricket Academy, Skill Development, River Restoration), benefiting thousands, though % from vulnerable groups not specified for most.

Principle 9 (Responsible Consumer Engagement):

  • Consumer Complaint Mechanism: In place via Key Account Managers.
  • Product/Service Info on ESG/Safety: Not Applicable.
  • Consumer Complaints: 0 across all categories (Cyber-security, Data privacy, Advertising, etc.).
  • Product Recalls: Not applicable (products sold to OEMs).
  • Cyber Security/Data Privacy Policy: Yes (Internal IT policy, ISO 27001, TISAX).
  • Data Breaches: 0 instances.

Governance & Policies

  • Highest Authority for BRSR: Mr. Tarang Jain, Chairman and Managing Director.
  • Board Committee for Sustainability: ESG Steering Committee (4 members, chaired by CMD, includes one Independent Director).
  • Policy Coverage: Policies exist for all NGRBC Principles and extend to value chain partners.
  • External Assessment: No independent assessment of policies by an external agency was carried out. The company is voluntarily reporting and plans future third-party evaluations.