Ambuja Cements Ltd. — Environmental & Social Information 2024

May 29, 2024

==> picture [60 x 26] intentionally omitted <==

==> picture [71 x 48] intentionally omitted <==

29[th] May, 2024

To,

National Stock Exchange of India Limited Scrip Code: AMBUJACEM

BSE Limited Luxembourg Stock Exchange Scrip Code: 500425 Code: US02336R2004

Sub: Business Responsibility and Sustainability Report for Financial Year 2023-24.

Pursuant to Regulation 34(2)(f) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Business Responsibility and Sustainability Report for Financial Year 2023-24, which also forms part of the Integrated Annual Report for Financial Year 2023-24, submitted to the Exchanges vide letter dated 29[th] May, 2024.

This is for your information and records.

Thanking you,

Yours sincerely, For Ambuja Cements Limited

Digitally signed Manish by Manish Vinodchan Vinodchandra Mistry dra Mistry Date: 2024.05.29 16:47:40 +05'30'

Manish Mistry Company Secretary & Compliance Officer

Encl: as above

Registered Office: Adani Corporate House Shantigram, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 www.ambujacement.com CIN: L26942GJ1981PLC004717

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review

ESG Overview Statutory Reports Financial Statements

Business Responsibility & Sustainability Report

Annexure I

SECTION A: GENERAL DISCLOSURES

I Details of the listed entity

1	Corporate Identifcation Number (CIN) of the Listed Entity	:	L26942GJ1981PLC004717
2	Name of the Listed Entity	:	Ambuja Cements Limited
3	Year of incorporation	:	1981
4	Registered offce address	:	Adani Corporate House,
			Shantigram, Near Vaishno Devi Circle, S.G. Highway,
			Ahmedabad – 382421
5	Corporate address	:	Adani Corporate House,
			Shantigram, Near Vaishno Devi Circle, S.G. Highway,
			Ahmedabad – 382421
6	E-mail	:	secretarial@adani.com
7	Telephone	:	+917926565555
8	Website	:	https://www.ambujacement.com/
9	Financial year for which reporting is being done	:	April 2023 to March 2024
10	Name of the Stock Exchange(s) where shares are listed	:	BSE
			NSE
			Luxembourg (GDR)
11	Paid-up Capital	:	D439.53 crore
12	Name and contact details (telephone, email address) of	:	Name: Neeru Bansal
	the person who may be contacted in case of any queries		Address: Adani Corporate House,
	on the BRSR report		Shantigram, Near Vaishno Devi Circle, S.G. Highway,
			Ahmedabad – 382421
			Contact: + 91 9825386934
			Email ID:neeru.bansal@adani.com
13	Reporting boundary - Are the disclosures under this	:	Disclosures made in this report are on a
	report made on a standalone basis (i.e. only for the		consolidated basis for all Integrated Units and
	entity) or on a consolidated basis (i.e. for the entity and		Grinding units, mines and bulk cement terminals.
	all the entities which form a part of its consolidated		Details of subsidiary companies and joint ventures
	fnancial statements, taken together).		are not included here.
**14. **	Name of assuranceprovider		Intertek India Pvt. Ltd.
**15. **	Type of assurance obtained		Reasonable assurance for BRSR Core and Limited
			Assurance for other parameters

II. Products/services

1. Details of business activities (accounting for 90% of the turnover):

2. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):

S. **No. **	Product/Service	NIC Code	% of total Turnover contributed
1	Cement and Cement Products	23941	100%

III. Operations

1. Number of locations where plants and/or operations/offices of the entity are situated:

Location	Number of plants Number of offces	Total
National	14 53	67
International	0 0	0

1. Markets served by the entity:

2. a. Number of locations

Locations	Number
National (No. of States)	25 states and 510+ districts (~72%)
International (No. of Countries)	NIL

• b. What is the contribution of exports as a percentage of the total turnover of the entity? Nil. We are not doing export of our products.

• c. A brief on types of customers

• Individual Home Builders, Developers, Infrastructure projects, Masons and Contractors, and Professionals, etc.

IV. Employees

1. Details as at the end of Financial Year:

2. a. Employees and workers (including differently abled):

==> picture [464 x 31] intentionally omitted <==

----- Start of picture text -----

S. Total (A) Male Female
No. [Particulars] No. (B) % (B / A) No. (C) % (C / A)
----- End of picture text -----

EMPLOYEES	EMPLOYEES
1.	Permanent (D)	2,544	2,458	96.62%	86	3.38%
2.	Other than Permanent (E)	753	751	99.73%	2	0.27%
3.	Total employees (D + E)	3,297	3,209	97.33%	88	2.67%
WORKERS
4.	Permanent (F)	1,004	1,000	99.60%	4	0.40%
5.	Other than Permanent (G)	29	29	100%	0	0%
6.	Total workers (F + G)	1,033	1,029	99.61%	4	0.39%

S. **No. **	Description of Main Activity	Description of Business Activity % of Turnover of the entity
1.	Manufacturing	Cement, Clinker 100%

258

259

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

b. Differently abled Employees and workers:

==> picture [464 x 31] intentionally omitted <==

----- Start of picture text -----

S. Total (A) Male Female
Particulars
No No. (B) % (B / A) No. (C) % (C / A)
----- End of picture text -----

DIFFERENTLY ABLED EMPLOYEES	DIFFERENTLY ABLED EMPLOYEES
1.	Permanent (D)	8	8	100%	0	0%
2.	Other than Permanent (E)	0	0	0%	0	0%
3.	Total differently abled	8	8	100%	0	0%
	employees (D + E)
DIFFERENTLY ABLED WORKERS
4.	Permanent (F)	9	9	100%	0	0%
5.	Other thanpermanent (G)	0	0	0%	0	0%
6.	Total differently abled	9	9	100%	0	0%
	workers (F + G)

1. Participation/Inclusion/Representation of women

Total (A)	No. and percentage of Females
	No. (B) % (B / A)
Board of Directors 8	1 12.5%
Key Management Personnel 3	0 0%

1. Turnover rate for permanent employees and workers

V. Holding, Subsidiary and Associate Companies (including joint ventures)

23. (a) Names of holding / subsidiary / associate companies / joint ventures

S. No.	Name of the holding / subsidiary / associate companies / joint ventures (A)	Indicate whether holding/ Subsidiary/ Associate/ Joint Venture	% of shares held by listed entity	Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No)
1.	M.G.T Cements Private Limited	Subsidiary	100%	No
2.	Chemical Limes Mundwa Private Limited	Subsidiary	100%	No
3.	Ambuja Concrete North Private Limited	Subsidiary	100%	No
4.	Ambuja Concrete West Private Limited	Subsidiary	100%	No
5.	Lotis IFSC Private Limited	Subsidiary	100%	No
6.	Ambuja Shipping Services Limited	Subsidiary	100%	No
7.	Foxworth Resources and Minerals Limited	Subsidiary	100%	No
	(Earlier known as Ambuja Resources Limited)
8.	Sanghi Industries Limited	Subsidiary	60.44%	Yes
9.	ACC Limited	Subsidiary	50.05%	Yes
10.	One India BSC Private Limited	Subsidiary	50%	No
11.	Counto Microfne Products Private Limited	Joint Venture	50%	No
12.	Wardha Valley Coalfeld Private Limited	Joint Operation	27.27%	No

• (Disclose trends for the past 3 years)

==> picture [484 x 102] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 2022-23 2021
(Turnover rate in current FY) (Turnover rate in Jan'22 to (Turnover rate in previous
Mar'23) Year)
Male Female Total Male Female Total Male Female Total
Permanent 25.99% 37.78% 26.38% 20.55% 50.76% 21.59% 14.36% 13.64% 14.34%
Employees
Permanent 27.89% 22.22% 27.87% 5.71% 0.00% 5.69% 3.04% 0.00% 3.03%
Workers
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• ** Data disclosed is for Jan 2021 to Dec 2021

VI. CSR Details

1. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) : Yes

2. (ii) Turnover (in C) : 17,919 crore (iii) Net worth (in C) : 37,007 crore

VII. Transparency and Disclosures Compliances

1. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

Stakeholder group from whom complaint is received Grievance Redressal Mechanism in Place (Yes/No) (If Yes, then provide web-link for grievance redress policy)	FY 2023-2024 (Current Financial Year) FY Jan 2022 to Mar 2023 (Previous Financial Year)*
	Number of complaints fled during the year Number of complaints pending resolution at close of the year Remarks Number of complaints fled during the year Number of complaints pending resolution at close of the year Remarks
Communities Yes	0 0 0 0
Investors (other than shareholders) Yes	0 0 0 0
Shareholders Yes	66 0 70 0

260

261

AMBUJA CEMENTS LIMITED

Portfolio Overview Corporate Overview Strategic Review

ESG Overview Statutory Reports Financial Statements

Integrated Annual Report 2023-24

Stakeholder group from whom complaint is received Grievance Redressal Mechanism in Place (Yes/No) (If Yes, then provide web-link for grievance redress policy)	FY 2023-2024 (Current Financial Year) FY Jan 2022 to Mar 2023 (Previous Financial Year)*
	Number of complaints fled during the year Number of complaints pending resolution at close of the year Remarks Number of complaints fled during the year Number of complaints pending resolution at close of the year Remarks
Employees and workers Yes	7 1 Practicing Open door policy. Grievance are heard by HR Head, Plant Head and at CMO level 2 0
Customers Yes	5 2 4 0
Value Chain Partners Yes	1 1 0 0
Other (any stakeholder) Yes	12 3 14 0 Anonymous complaints

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Overview of the entity’s material responsible business conduct issues

Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format

S. No.	Material issue identifed	Indicate whether risk or opportunity (R/O)	Rationale for identifying the risk / opportunity	In case of risk, approach to adapt or mitigate	Financial implications of the risk or opportunity (Indicate positive or negative implications)
1	Water	Risk and	Risk-Water being a shared	We have been investing	Negative /
	management	Opportunity	resource, it is essential	in rainwater harvesting	Positive
			for business to use it in a	initiatives, restoring village
			responsible way. These risks	ponds, construction of check
			comprise conflicts with local	dams, water conservation
			communities and stakeholders	at closed mines and
			over water rights and usage,	groundwater recharge for a
			potential water scarcity or	long time to mitigate the risk
			quality issues due to over-	of lack of water. As a result,
			extraction or pollution, and	the company is now water
			regulatory constraints on	positive.
			water abstraction permits or
			discharge standards.

==> picture [486 x 93] intentionally omitted <==

----- Start of picture text -----

Financial
implications
Indicate of the risk or
S. Material issue whether risk Rationale for identifying In case of risk, approach opportunity
No. identified or opportunity the risk / opportunity to adapt or mitigate (Indicate
(R/O) positive or
negative
implications)
----- End of picture text -----

				Opportunity-By
				demonstrating commitment to
				conserving water resources,
				we can build stronger
				relationships with local
				communities and government.
				This will help us in securing
				and maintaining social
				license to operate, especially
				in water-stressed regions.
				In future, the company may
				qualify for government
				incentives aimed at promoting
				water conservation and
				sustainability initiatives.
	2	Air quality	Risk	Exposure to dust, SOx, NOx	We focus on improving	Negative
				and other pollutants from	air emissions and the
				cement plants can lead to	surrounding environment.
				respiratory issues among	We monitor the plants’
				employees and nearby	stack emissions through
				communities. This may lead	the Continuous Emission
				to increased costs associated with healthcare for affected employees, and insurance	Monitoring System. We work on upgradation of electrostatic precipitations
				premiums. The company may	and replacement of damaged
				also face opposition, protests	bags to control dust
				and even legal restrictions on	emissions. We take primary
				its operations.	and secondary measures to
					control NOx emissions.
	3	Circular	Opportunity	Circular economy offers great	-	Positive
		Economy		opportunity to lower the use
				of natural resources and fossil
				fuels in cement production
				and reduces carbon emissions.
	4	Climate and	Risk and	Risk-Climate change poses	The Company has	Negative/
		Energy	Opportunity	multiple physical risks like	approximately 90% of	Positive
				flooding, temperature rise,	products in its portfolio
				water stress etc. Emerging	which are blended products
				and potential regulations	with lower carbon footprint.
				may introduce or escalate regulatory risks. These extreme weather events can cause infrastructure damage, may hinder the supply chain network affecting timely delivery of raw materials and fnished products. It may also cause power outages and	Further, we are investing more and more in renewal energy and green energy from WHRS. In addition, we have set ambitious targets for Thermal Substitution Rates (TSR) by using alternate fuels.
				affect the manufacturing
				processes.

262

263

AMBUJA CEMENTS LIMITED

Portfolio Overview Corporate Overview Strategic Review

ESG Overview Statutory Reports Financial Statements

Integrated Annual Report 2023-24

==> picture [1089 x 93] intentionally omitted <==

----- Start of picture text -----

Financial Financial
implications implications
Indicate of the risk or Indicate of the risk or
S. Material issue whether risk Rationale for identifying In case of risk, approach opportunity S. Material issue whether risk Rationale for identifying In case of risk, approach opportunity
No. identified or opportunity the risk / opportunity to adapt or mitigate (Indicate No. identified or opportunity the risk / opportunity to adapt or mitigate (Indicate
(R/O) positive or (R/O) positive or
negative negative
implications) implications)
----- End of picture text -----

Opportunity-Energy cost is a major cost in cement manufacturing. We continuously strive to reduce our specifc thermal energy consumption and specifc electrical energy consumption to optimise our energy costs. In addition, it is directly related to carbon emissions and by optimising energy consumption, we can lower our carbon emissions. 5 Biodiversity Risk and Opportunity Risk-Land disturbance and habitat fragmentation from operational activities can lead to biodiversity degradation. Opportunity-Restored ecosystems can provide long-term environmental benefts, including enhanced ecosystem services such as water fltration, carbon sequestration, and soil preservation. These benefts not only contribute to global environmental goals but also can have positive economic implications for the company and local communities in the long run. We adhere to Indian national regulations and are a signatory to the India Business and Biodiversity Initiative (IBBI) of the Confederation of Indian Industry (CII), and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). We assess the impacts on biodiversity and ecosystem services through set KPIs. This helps in conservation of ecosystem. Negative/ Positive 6 Sustainable Construction Opportunity Intervention of sustainable practices and technologies such as substitute cementitious materials, CO2capture in the built environment, and effcient concrete use help drive down carbon emissions from cement production and hence help to reduce the carbon footprint. - Positive	7 Human Capital Development Opportunity Through continuous learning and development and strengthened employee relations, we can mitigate succession planning risks, address skills gaps and ensure continuity of leadership and expertise. It will also help in being competitive in the marketplace and stay ahead of trends. Human Capital development will also contribute to an overall learning culture in the organisation. - Positive
	8 Diversity and Inclusion Opportunity Employee diversity leads to increased creativity and innovation, improved communication and teamwork, and a greater understanding and appreciation of different cultures. Additionally, a diverse workforce can help to attract and retain top talent and can provide a competitive advantage for organisations. - Positive
	9 Human Rights Risk and Opportunity Risk-Concerns related to child/forced labour, discrimination or any other human rights-related aspects within the workforce and value chain may lead to statutory violations which may negatively impact the brand image. Opportunity-Alignment with the human rights principles and procedures safeguard the employees and value chain partners and ensure zero incidents of non-compliance with regards to International and National Human Rights Standards and Regulations. We are committed to respecting and promoting human rights across the value chain by inculcating a human rights policy. The policy is in line with The Universal Declaration of Human Rights, Social Accountability 8000 (SA8000) Standard and International Treaties & Conventions related to Human Rights. Negative/ Positive

264

265

AMBUJA CEMENTS LIMITED

Portfolio Overview Corporate Overview Strategic Review

ESG Overview Statutory Reports Financial Statements

Integrated Annual Report 2023-24

==> picture [1089 x 93] intentionally omitted <==

----- Start of picture text -----

Financial Financial
implications implications
Indicate of the risk or Indicate of the risk or
S. Material issue whether risk Rationale for identifying In case of risk, approach opportunity S. Material issue whether risk Rationale for identifying In case of risk, approach opportunity
No. identified or opportunity the risk / opportunity to adapt or mitigate (Indicate No. identified or opportunity the risk / opportunity to adapt or mitigate (Indicate
(R/O) positive or (R/O) positive or
negative negative
implications) implications)
----- End of picture text -----

10 Occupational Health and Safety Risk and Opportunity Risk-Failure to protect workers from occupational hazards can result in legal action, fnes, and compensation claims against the company. These risks can lead to signifcant fnancial liabilities and damage the company's reputation. Also, potential employees may hesitate from joining the company, and current employees may leave if they perceive their health and safety are not adequately protected, leading to challenges in attracting and retaining a skilled workforce. Opportunity-By prioritising the well-being of all employees and workers, the company can enhance its employer brand, making it a more attractive place to work. Employees are more likely to join and stay with a company that prioritises their well-being, leading to lower turnover rates and higher employee satisfaction. We have developed safety initiatives including competency development, training, audits, inspections, surveys, We Care initiatives, Critical Control Management to prevent unwanted events, and especial cross- functional teams to drive process safety. Also, we conduct safety audits across our manufacturing sites to ensure that the actions are timely closed and implemented Negative/ Positive 11 Community Relations Opportunity Uplifting livelihood opportunities improves community relations which is essential for the social license to operate. Also, a healthy community will ensure availability of strong local labour force, if required at any given point of time. - Positive	12 Customer Relationship Management Opportunity CRM empowers to build a positive customer experience based on relevant, real-time information and customer needs that matters to the business. It would enable data driven decision making, improved customer experience and hence drive growth in business by increasing loyalty and enhancing relations. - Positive
	13 Corporate Governance and business ethics Opportunity Effective governance mechanism in the organisation gives an opportunity of building greater trust among the stakeholders and creates long-term value for them. - Positive
	14 Risk Management Opportunity Enhanced Risk awareness and in-place emergency preparedness plans help to better foresee risks that may emerge due to climate change, regulations, and geopolitical developments. This helps to stay one step ahead and ensure business continuity and regulatory resilience. - Positive
	15 Sustainable Supply Chain Risk & Opportunity Risk-Improper usage of resources, human rights violations, non-compliance with Supplier Code of Conduct, zero adoption of sustainable practices by suppliers can adversely impact the environment, social well-being, value chain and brand image. Additionally, it might also lead to cases of regulatory non-compliances and fnes. Opportunity-The company can leverage suppliers near operations to reduce costs, for greater control, quicker response and helps in cutting down signifcant emissions related to transportation. Supply chain and sourcing process has a direct impact on the environment and communities such as emissions, circular economy, water usage, biodiversity, material usage and human rights. We have taken measures to ensure an optimum supply chain with competent suppliers. Negative/ Positive

266

267

AMBUJA CEMENTS LIMITED

Portfolio Overview

Statutory Reports Financial Statements

Corporate Overview

Strategic Review

ESG Overview

Integrated Annual Report 2023-24

Financial implications Indicate of the risk or S. Material issue whether risk Rationale for identifying In case of risk, approach opportunity No. identified or opportunity the risk / opportunity to adapt or mitigate (Indicate (R/O) positive or negative implications) 16 Information Risk & Risk- Instances of information With increased digitisation, Positive and technology Opportunity security breaches could lead and heavy dependence Negative and data to loss of sensitive data of on technology systems, it privacy customers including personal has become critical for us information. It could also to ensure implementation lead to increased media of SOPs and policies, scrutiny resulting in a loss of conduction periodic internal stakeholder trust, company and external (third-party) reputation and regulatory audits and tests to check fines or penalties. the resilience of the IT infrastructure from hackers, Opportunity- In the evercyber-attacks, malware etc. evolving landscape of digitalisation and innovation, monitoring and analysis of data in real time would lead to quicker identification and resolution of issues. As a result, this will ensure management of systems and processes more effectively.

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC (National Guidelines on Responsible Business Conduct) Principles and Core Elements.

==> picture [503 x 28] intentionally omitted <==

----- Start of picture text -----

P P P P P P P P P
Disclosure Questions
1 2 3 4 5 6 7 8 9
----- End of picture text -----

Policy and management processes

Po	licy and managementprocesses
1.	a. Whether your entity’s policy/policies cover each principle	Y	Y Y Y Y Y	Y Y	Y
	and its core elements of the NGRBCs. (Yes/No)
	b. Has the policy been approved by the Board? (Yes/No)	Y	Y Y Y Y Y	Y Y	Y
c.	Web Link of the Policies, if available		https://www.ambujacement.com/investors/
2.	Whether the entity has translated the policy into procedures.	Y	Y Y Y Y Y	Y Y	Y
	(Yes / No)
3.	Do the enlisted policies extend to your value chain partners?	Value chain partners are expected		to comply
	(Yes/No)	the	applicable policies of the Company while
		executing any work at ACL Company sites

1. Name of the national and international codes/certifications/ � ISO 9001:2015 labels/ standards (e.g. Forest Stewardship Council, Fairtrade, � ISO 14001:2015 Rainforest Alliance, Trustea) standards (e.g. SA 8000, � ISO 50001:2018 OHSAS, ISO, BIS) adopted by your entity and mapped to � ISO 45001:2018 each principle. � GCCA 2050 � SBTi � WEF’s 1t.org

Disclosure Questions	P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9
5. Specifc commitments, goals and targets set by the entity with defned timelines, if any.	We have commitments, goals and targets set for 2030
	Parameter Target Year 2030
	CO2 emissions Scope 1: 488 kg /ton of Cementitious materials (including CPP) Scope 2: 14 kg /ton of Cementitious materials
	Circular Economy Consume 21 million tonnes per year of waste derived resources
	Water consumption 10x Water Positive
	CSR Benefciaries 3.5 million benefciaries
	Treeplantation 2.42 million
6. Performance of the entity against the specifc commitments, goals and targets along-with reasons in case the same are not met.	Parameter Performance in FY 2023-24
	CO2 emissions Scope 1: 559 kg /ton of Cementitious materials (including CPP) Scope 2: 22 kg /ton of Cementitious materials
	Circular Economy Consumed 8.6 million tonnes of waste derived resources
	Water consumption 11x Water Positive
	CSR Benefciaries 3.27 million till FY 2023-24
	Treeplantation 1,05,850

Governance, leadership and oversight

1. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements (listed entity has flexibility regarding the same)

CEO and Whole Time Director Statement:

Progress now implies more than just success; it also entails securing a brighter future. Our Cement Business is committed to sustainability, innovation, and social responsibility. Our resolute mission is to minimise our ecological footprint and make a positive impact on the environment. We are reducing our carbon footprint and fostering a low-carbon future. Beyond environmental care, we invest in community wellbeing and social inclusion, empowering them to thrive. Aligned with the Group, we are shaping a better, sustainable tomorrow, integrating social and environmental factors into our operations and decisions. Our blueprint drives efficiency, decarbonisation, and industry redefinition. We are committed to upholding the ESG principles and are pleased with the progress we have achieved towards a sustainable and socially responsible future.

1. Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies).

CEO and Whole Time Director

268

269

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

P P P P P P P P P Disclosure Questions 1 2 3 4 5 6 7 8 9 9. Does the entity have a specified Committee of the Board/ Yes. Corporate Responsibility Committee (CRC) of Director responsible for decision making on sustainability the Board, consisting of Independent Directors is related issues? (Yes / No). If yes, provide details. responsible for overseeing sustainability related performance and issues. The committee meets every quarter, overseas the performance on KPIs defined for sustainability and guides the business to improve it.

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

This section is aimed at helping entities demonstrate their performance in integrating the Principles and Core Elements with key processes and decisions. The information sought is categorised as “Essential” and “Leadership”. While the essential indicators are expected to be disclosed by every entity that is mandated to file this report, the leadership indicators may be voluntarily disclosed by entities which aspire to progress to a higher level in their quest to be socially, environmentally and ethically responsible.

PRINCIPLE 1 Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable.

10. Details of Review of NGRBCs by the Company:

Subject for Review	Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify)
	P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9
Performance against above policies and follow up action	Committees of the Board which in turn update the Board Quarterly and then annually at a consolidated level

Compliance with statutory requirements of The Company is Compliant with relevant principles, applicable rules relevance to the principles, and, rectification and regulations. Compliance to the regulatory requirement are of any non-compliances reviewed on regular basis and as per the requirement.

1. Has the entity carried out independent assessment/ evaluation of the working of its policies by an external agency? (Yes/No). If yes, provide name of the agency.

P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9

• Yes. Internal Controls and Processes are put in place and its assessment and monitoring is being done by an external agency - Grant Thornton.

• If answer to question (1) above is “No” i.e. not all Principles are covered by a policy, reasons to be stated:

Questions P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9

The entity does not consider the Principles material to its business (Yes/No)

The entity is not at a stage where it is in a position to formulate and implement the policies on specified principles (Yes/No)

Not Applicable

The entity does not have the financial or/human and technical resources available for the task (Yes/No)

It is planned to be done in the next financial year (Yes/No) Any other reason (please specify)

Essential Indicators

1. Percentage coverage by training and awareness programmes on any of the Principles during the financial year:

==> picture [484 x 60] intentionally omitted <==

----- Start of picture text -----

%age of persons
Total number
in respective
of training and Topics / principles covered under the
Segment category covered
awareness training and its impact
by the awareness
programmes held
programmes
----- End of picture text -----

Segment of training and awareness programmes held	Topics / principles covered under the training and its impact in respective category covered by the awareness programmes
Board of Directors 8	Capital Market Programme 25
	Airport Business 25
	ESG Programme 12.5
	ESG Global Trends Programme 12.5
	Awareness about Manufacturing Process, CSR Activities, Jetty visit for Cement Business 62.5
	Capital Profle Programme 25
	Green Hydrogen Programme 25
	Data Centre Business 25
Key Managerial Personnel 8	Capital Market Programme 33.33
	Airport Business 33.33
	ESG Programme 33.33
	ESG Global Trends Programme 33.33
	Awareness about Manufacturing Process, CSR Activities, Jetty visit for Cement Business 66.66
	Capital Profle Programme 33.33
	Green Hydrogen Programme 33.33
	Data Centre Business 33.33
Employees other than BoD and KMPs 1,763	1,118 100%
Workers -	- -

270

271

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview

ESG Overview Statutory Reports Financial Statements

Corporate Overview Strategic Review

1. Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount paid in proceedings (by the entity or by directors / KMPs) with regulators/ law enforcement agencies/ judicial institutions, in the financial year, in the following format (Note: the entity shall make disclosures on the basis of materiality as specified in Regulation 30 of SEBI (Listing Obligations and Disclosure Obligations) Regulations, 2015 and as disclosed on the entity’s website):

==> picture [483 x 248] intentionally omitted <==

----- Start of picture text -----

Monetary
Name of the Amount
regulatory/ (In E )
Has an appeal
NGRBC enforcement Brief of
been preferred?
Principle agencies/ the Case
(Yes/No)
judicial
institutions
Penalty/ Fine 0 0 0 0 0
Settlement 0 0 0 0 0
Settlement 0 0 0 0 0
Compounding fee 0 0 0 0 0
Non-Monetary
Name of the
regulatory/
Has an appeal
NGRBC enforcement Brief of
been preferred?
Principle agencies/ the Case
(Yes/No)
judicial
institutions
Imprisonment 0 0 0 0
Punishment 0 0 0 0
----- End of picture text -----

1. Of the instances disclosed in Question 2 above, details of the Appeal/ Revision preferred in cases where monetary or non-monetary action has been appealed.

Name of the regulatory/ enforcement agencies/ Case Details judicial institutions Delayed appointment of Company Secretary and Not Applicable Compliance Officer under Regulation 6(1) of the SEBI Listing Regulations.

1. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law enforcement agency for the charges of bribery/ corruption:

==> picture [484 x 84] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Directors 0 0
KMPs 0 0
Employees 0 0
Workers 0 0
----- End of picture text -----*

• The company had changed its final year end from December to March FY 23. Therefore, the figure for FY 23 is for 15 months.

• Details of complaints with regard to conflict of interest:

==> picture [484 x 92] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Number Remarks Number Remarks
Number of complaints received in relation to 0 NA 0 NA
issues of Conflict of Interest of the Directors
Number of complaints received in relation to 0 NA 0 NA
issues of Conflict of Interest of the KMPs
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Provide details of any corrective action taken or underway on issues related to fines / penalties / action taken by regulators/ law enforcement agencies/ judicial institutions, on cases of corruption and conflicts of interest.

Not Applicable

1. Number of days of accounts payables (Accounts payable*365/cost of goods/services procured) in the following format:

==> picture [484 x 41] intentionally omitted <==

----- Start of picture text -----

Apr2023-Mar24 Jan 2022-Mar23
(Current Financial Year) (Previous Financial Year)
Number of days of accounts payable 36 43
----- End of picture text -----

1. Does the entity have an anti-corruption or anti-bribery policy? If yes, provide details in brief and if available, provide a web-link to the policy.

Yes.

https://www.ambujacement.com/Upload/PDF/ 5.-Ambuja-Anti-Corruption-and-Anti-Bribery-Policy-2023-06-06.pdf

We strictly adhere to ethical business practices and comply with all applicable laws and regulations related to anti-corruption and anti-bribery. Our Anti-corruption and Anti-bribery policy govern our employees’ behaviour and prohibits any form of bribery, corruption, and unethical practices. We prioritise accountability and transparency in all our operations and take strict action against any non-compliance cases related to corruption, bribery, and anti-competitive behaviour.

272

273

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview

ESG Overview Statutory Reports Financial Statements

Corporate Overview Strategic Review

1. Open-ness of business

Provide details of concentration of purchases and sales with trading houses, dealers, and related parties alongwith loans and advances & investments, with related parties, in the following format:

==> picture [484 x 235] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY 2022-23
Parameter Metrics (Current (Previous
Financial Year) Financial Year)
Concentration a. Purchases from trading houses as % of total purchases NIL NIL
of purchases b. Number of trading houses where purchases are made NIL NIL
c. Purchases from top 10 trading houses as % of total NIL NIL
purchases from trading houses
Concentration a. Sales to dealers/distributors as % of total sales 72% 77%
of Sales
b. Number of dealers/distributors to whom sales are made 11,514 11,263
c. Sales to top 10 dealers/distributors as % of total sales to 4% 4%
dealers/distributors
Share of RPTs a. Purchases (Purchases with related parties/total 96% 95%
in purchases)
b. Sales (Sales to related parties/Total Sales) 15% 11%
c. Loans & advances (Loans & Advances given to related 100% 29%
parties/Total loans & advances)
d. Investments (Investments in related parties/Total 100% 100%
Investments made)
----- End of picture text -----

PRINCIPLE 2 Businesses should provide goods and services in a manner that is sustainable and safe

Essential Indicators

1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product and processes to total R&D and capex investments made by the entity, respectively.

	Current Financial Year	Previous Financial Year	Details of improvements in environmental and social impacts
R&D	NIL	NIL	Further Reduction of clinker factor by 1 to 2% in existing
			products of PPC/ PSC /PCC by optimising product mix
Capex	6.62 crore	NIL	Development of calcined clay limestone based cement with
			50% clinker to signifcantly reduce carbon foot print as
			compared to Ordinary Portland cement

1. a. Does the entity have procedures in place for sustainable sourcing? (Yes/No)

Yes

• b. If yes, what percentage of inputs were sourced sustainably? Yes

• The company has a well-defined Supplier Code of Conduct, which helps the Company to integrate ESG parameter in its procurement.

• We have procedures in place for sustainable sourcing in terms of new supplier registration and Group General Terms Conditions is part of all the major procurements

• Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the end of life, for (a) Plastics (including packaging) (b) E-waste (c) Hazardous waste and (d) other waste

• We do not reclaim our products. The Company follows circular economy principles in the manufacturing and end use stage of the product lifecycle.

• The plastic used for packaging as well as generated otherwise is co-processed in cement kiln. A very small quantity of this waste is disposed through registered recyclers. The Company is plastic negative.

• Cement manufacturing process does not produce any E-waste. However, E-waste is produced from office operations. All of e-waste generated is sold to registered recyclers.

• Major quantity of hazardous waste generated during the process is co-processed in kiln within plant as per the permission from State Pollution Control Board. Remaining hazardous waste is sent to common incinerator authorised by State Pollution Control Board.

• In addition, the Company has its waste management arm 'Geoclean' which collect and disposes the waste from other industries as alternate fuels and raw materials.

• Whether Extended Producer Responsibility (EPR) is applicable to the entity’s activities (Yes / No). If yes, whether the waste collection plan is in line with the Extended Producer Responsibility (EPR) plan submitted to Pollution Control Boards? If not, provide steps taken to address the same.

Yes. Extended Producer Responsibility is applicable to the Company and the Company has registered on government EPR portal as Brand Owner. The Company collects the Waste through its waste management arm 'Geoclean' and co-processes it in cement kilns.

PRINCIPLE 3 Businesses should respect and promote the well-being of all employees, including those in their value chains

1. a. Details of measures for the well-being of employees:

==> picture [503 x 67] intentionally omitted <==

----- Start of picture text -----

% of employees covered by
Total Health Accident Maternity Paternity Day Care
Category (A) insurance insurance benefits Benefits facilities
Number % Number % (C / A) Number % (D / A) Number % Number %
(B) (B / A) (C) (D) (E) (E / A) (F) (F / A)
----- End of picture text -----

	Permanent employees	Permanent employees	Permanent employees
	Male	2,458	2,458 100.00%	2,458 100.00%	0	0.00%	2,458	100.00%	Day care
	Female	86	86 100.00%	86 100.00%	86	100.00%	0	0.00%	facilities are
	Total	2,544	2,544 100.00%	2,544 100.00%	86	3.38%	2,458	96.62%	provided at all plant sites and
									offces of the
									company.
	Other than	Permanent employees
	Male	751	751 100.00%	751 100.00%	0	0.00%	751	100.00%	Day care
	Female	2	2 100.00%	2 100.00%	2	100.00%	0	0.00%	facilities are
	Total	753	753 100.00%	753 100.00%	2	0.27	751	99.73%	provided at all plant sites and offces of the
									company.

All employees and workers are covered under Health Insurance and Accident Insurance. Maternity and Paternity benefits are extended to all eligible employees and workers. Day care facilities are provided at all plant sites and offices.

• As part of sustainable sourcing, more than 90% of input material is sourced locally i.e. within India.

• A large quantum of input material is recycled waste material consisting of industrial, municipal and agriculture waste.

274

275

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview

Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

b. Details of measures for the well-being of workers:

==> picture [503 x 67] intentionally omitted <==

----- Start of picture text -----

% of workers covered by
Total Health insurance Accident Maternity Paternity Benefits Day Care
Category (A) insurance benefits facilities
Number % Number % Number % Number % Number %
(B) (B / A) (C) (C / A) (D) (D / A) (E) (E / A) (F) (F / A)
----- End of picture text -----

Permanent	workers
Male	1,000	1,000 100.00%	1,000	100.00%	0	0.00%	1,000	100.00%	Day care
Female	4	4 100.00%	4	100.00%	4	100.00%	0	0.00%	facilities are
Total	1,004	1,004 100.00%	**1,004 **	100.00%	4	0.40%	1,000	99.60%	provided at all plant sites and
									offces of the
									company.
Other than	Permanent workers
Male	29	29 100.00%	29	100.00%	0	0.00%	29	100.00%	Day care
Female	0	0 0.00%	0	0.00%	0	0.00%	0	0.00%	facilities are
Total	29	29 100.00%	**29 **	100.00%	0	0.00%	**29 **	100.00%	provided at all plant sites and
									offces of the
									company.

• c. Spending on measures towards well-being of employees and workers (including permanent and other than permanent) in the following format

==> picture [484 x 52] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY 2022-23
(Current Financial Year) (Previous Financial Year)
Cost incurred on well-being measures as a % of total 47.68 crore (0.27%) 62.75 crore (0.31%)
revenue of the company
----- End of picture text -----

1. Details of retirement benefits, for Current FY and Previous Financial Year.

==> picture [484 x 153] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
No. of No. of Deducted and No. of No. of Deducted and
Benefits employees workers deposited employees workers deposited
covered as covered as with the covered as covered as with the
a % of total a % of total authority a % of total a % of total authority
employees workers (Y/N/N.A.) employees workers (Y/N/N.A.)
PF 100% 100% Yes 100% 100% Yes
Gratuity 100% 100% NA 100% 100% NA
ESI 0.09% 2.81% NA 0.17% 3.06% NA
Others – please 0% 0% NA 0% 0% NA
specify
----- End of picture text -----*

*** In ESI, only those employees who are eligible under ESI are covered

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

3. Accessibility of workplaces

Are the premises / offices of the entity accessible to differently abled employees and workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If not, whether any steps are being taken by the entity in this regard

1. Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016? If so, provide a web-link to the policy.

Yes, The Company believes in equal Opportunity for all. The Company is committed to delivering value through equality and to nurture and promote diversity across its operations. We foster an inclusive work environment that encourages a supportive and professional culture, emphasising trust, empathy, and mutual respect. Our commitment to diversity, equality, and inclusion is reflected in the development of our policies.

• Policy on ‘Diversity, Equity and Inclusion’ available on Company website: https://www.ambujacement.com/ Upload/PDF/ Policy-on-Board-Diversity-Ambuja.pdf

• Return to work and Retention rates of permanent employees and workers that took parental leave.

Gender	Permanent employees Permanent workers
	Return to work rate Retention rate Return to work rate Retention rate
Male	82.26% 76.47% 00.0% 00.0%
Female	0.00% 28.57% 00.0% 00.0%
Total	7846% 6250% 000% 000%

1. Is there a mechanism available to receive and redress grievances for the following categories of employees and worker? If yes, give details of the mechanism in brief.

		Yes/No (If Yes, then give details of the mechanism in brief)
	Permanent Workers	Yes (Practicing Open door policy. Grievance are heard
	Other than Permanent Workers Permanent Employees	by HR Head, Plant Head and at Chief Manufacturing Offcer (CMO) level
	Other than Permanent Employees

1. Membership of employees and worker in association(s) or Unions recognised by the listed entity:

==> picture [484 x 192] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Total No. of employees % Total No. of employees %
employees / workers in (B/A) employees / workers in (D/C)
Category / workers respective / workers respective
in category, who in category, who
respective are part of respective are part of
category association(s) or category association(s) or
(A) Union (B) (C) Union (D)
Total Permanent Employees - - - - - -
- Male - - - - - -
- Female - - - - - -
Total Permanent Workers 1,004 1,004 100% 1,329 1,329 100%
- Male 1,000 1,000 100% 1,324 1,324 100%
- Female 4 4 100% 5 5 100%
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months. Association/Union are there at worker level and 100% of workers are members of it.

Yes

276

277

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

1. Details of training given to employees and workers:

==> picture [485 x 192] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Total On Health and On Skill Total On Health and On Skill
Category
(A) safety measures upgradation (D) safety measures upgradation
No. % No. % No. % No. %
(B) (B/A) (C) (C/A) (E) (E/D) (F) (F/D)
Employees
Male 3,209 1,679 52% 2,714 85% 2,885 1,527 53% 2,134 73.97%
Female 88 38 43% 58 66% 104 56 54% 118 113.46%
Total 3,297 1,717 52% 2,772 84% 2,989 1,583 53% 2,252 75.34%
Workers
Male 1,029 33 3% 6 1% 1,367 499 37% 24 2%
Female 4 4 100% 1 25% 5 0 0% 0 0%
Total 1,033 37 4% 7 1% 1,372 499 36% 24 2%
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Details of performance and career development reviews of employees and worker:

==> picture [483 x 156] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
Category (Current Financial Year) (Previous Financial Year)
Total (A) No. (B) % (B/A) Total (C) No. (D) % (D/C)
Employees
Male 3,209 2,538 79% 2,885 2,885 100%
Female 88 73 83% 104 104 100%
Total 3,297 2,611 79% 2,989 2,989 100%
Workers
Male 1,029 1,029 100% 1,367 1,367 100%
Female 4 4 100% 5 5 100%
Total 1,033 1,033 100% 1,372 1,372 100%
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

10. Health and safety management system:

• a. Whether an occupational health and safety management system has been implemented by the entity? (Yes/ No). If yes, the coverage such system?

• Yes, we have Health and Safety Management standards defined for our processes. The standards are applicable to all our sites

• b. What are the processes used to identify work-related hazards and assess risks on a routine and non-routine basis by the entity?

• We have well defined Hazard identification and risk assessment procedure. All the personnel at sites are trained to assess the risk before start of the activity.

• c. Whether you have processes for workers to report the work related hazards and to remove themselves from such risks. (Y/N)

Yes

1. Details of safety related incidents, in the following format:

==> picture [484 x 174] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
(Current Mar 2023
Safety Incident/Number Category Financial (Previous
Year) Financial
Year)
Lost Time Injury Frequency Rate (LTIFR) Employees 0.23 0.33
(per one million-person hours worked) Workers 0.42 0.62
Total recordable work-related injuries Employees 3 13
Workers 21 38
No. of fatalities Employees 0 0
Workers 2 0
High consequence work-related injury or ill-health Employees 0 0
(excluding fatalities) Workers 0 0
----- End of picture text -----*

1. Describe the measures taken by the entity to ensure a safe and healthy work place.

A well defined Health and Safety Management System is designed consisting of planning our strategic action plan for the year, reviewing the standards, procedures, processes etc. The plan is developed at the Corporate level and flows down to the manufacturing units and is tracked month on month basis for its effectiveness. A robust digital platform is established to enhance competency and capability building for both employees and workers. Various campaigns, events and initiatives to build the awareness and culture on ground are held. Other measures include Trainings, monitoring, effective process safety management controls at site, well established vehicle and traffic safety management system which are key pillars for driving our H&S System. With all these in place Senior Leadership engagement and involvement ensures a safe and healthy workplace

1. Number of Complaints on the following made by employees and workers:

==> picture [484 x 102] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Filed Pending Remarks Filed Pending Remarks
during the resolution during the resolution
year at the end year at the end
of year of year
Working Conditions 0 0 NA 0 0 NA
Health & Safety 0 0 NA 0 0 NA
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Assessments for the year:

		% of your plants and offces that were assessed (by entity or statutory authorities or thirdparties)
	Health and safety practices	90% (Plants are certifed for ISO 45001)
	Working Conditions

1. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and on significant risks / concerns arising from assessments of health & safety practices and working conditions.

All the actions pertaining to lead and lag indicators are being monitored for all locations. These are presented to Corporate Responsibility Committee, consisting of independent Board members. The meetings are held quarterly. Committee overseas the performance and guides for improvement wherever needed.

• d. Do the employees/ worker of the entity have access to non-occupational medical and healthcare services? (Yes/ No)

• Yes

278

279

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

PRINCIPLE 4: Businesses should respect the interests of and be responsive to all its stakeholders

Essential Indicators

1. Describe the processes for identifying key stakeholder groups of the entity.

The successful involvement of our stakeholders is essential to the achievement of our strategic goals because it provides us with the opportunity to understand their expectations, respond to their concerns, and assist us in prioritising the areas in which we should be concentrating our efforts. Our mechanism for engaging with stakeholders is governed by our Stakeholder Engagement Policy (https://www.ambujacement.com/Upload/PDF/ Ambuja-Stakeholder-Engagement-policy-18-oct.pdf), which is further aligned with global best practises.

Ambuja identifies its stakeholders as groups and individuals, who can influence or/are impacted by our operations/ activities, change in technology, regulations, market and societal trends either directly or indirectly. Stakeholders comprise of communities, employees, supply chain partners, customers, investors, regulators, industrial organisations etc.

Against each group, the potential ways in which stakeholders will be affected as well as the magnitude of both the actual and perceived impacts have been determined. This assists the company in developing a bespoke plan for engaging with stakeholders, which can then be kept up to date as and when is necessary.

Throughout the course of the year, we maintain ongoing dialogue with the stakeholders by utilising a variety of channels of contact. The insights that we gain from these projects are tremendously helpful, because they allow us to continually enhance both our strategy and our operations. The process of engaging stakeholders also includes regular feedback and grievance redressal methods, both of which are vital components of the process.

1. List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group.

==> picture [485 x 71] intentionally omitted <==

----- Start of picture text -----

Whether Frequency of
Channels of communication Purpose and scope of
identified as engagement
(Email, SMS, Newspaper, engagement including
Stakeholder Vulnerable & (Annually/ Half
Pamphlets, Advertisement, key topics and concerns
Group Marginalised yearly/ Quarterly
Community Meetings, Notice raised during such
Group / others – please
Board, Website), Other engagement
(Yes/No) specify)
----- End of picture text -----

Shareholders	No	�Investor relations arm	�Quarterly/ annually	�To strengthen
and		�Annual Report	as and when	business conduct and
Investors		�Public disclosures	requested	communication
		�Investor meetings/calls	�One-on-one investor interaction as and	�Growth and proftability of ESG
			when requested	oriented business.
Channel	Yes	�Channel satisfaction surveys	�Annual/continuous	�To enhance transparent
Partners		�Annual conferences	process	communication of
		�Marketing meetings		products and services
Government	No	�Annual Report	�Continuous	�Climate change related
& Regulatory		�Plant visits	interactions	rules/regulations
Authorities		�Regulatory Compliance		�Communications on
		reports		proposed legislations
Customers	Yes	�Customer satisfaction surveys	�Periodic	�Customer satisfaction
		�Formal and informal		and feedback on
		feedback		services/ products
		�Technical services team		�Understand grievances
		camps		�Strengthen relationship
		�Products promotion drives		with customer
		�Grievances redressal system

==> picture [485 x 71] intentionally omitted <==

----- Start of picture text -----

Whether Frequency of
Channels of communication Purpose and scope of
identified as engagement
(Email, SMS, Newspaper, engagement including
Stakeholder Vulnerable & (Annually/ Half
Pamphlets, Advertisement, key topics and concerns
Group Marginalised yearly/ Quarterly
Community Meetings, Notice raised during such
Group / others – please
Board, Website), Other engagement
(Yes/No) specify)
----- End of picture text -----

	Employees	No	� �	Training and seminars Meetings and reviews	�Continuous interactions	�Work-life balance �Transparent appraisal
			�	HR programmes		and promotion policy
			�	Employee satisfaction surveys		�Awareness on internal policies
			�	Departmental meetings		�Fair remuneration
			�	Townhall meetings		structure
			�	Internal newsletters and
	Suppliers	Yes	� �	magazines Supplier meets Periodic assessments and	�Continuous interactions	�Adherence to the supplier code of
				interactions		conduct
						�Strengthen business
						relationships
						�Create awareness for
						sustainable supply
						chain
	Community	Yes	�	Project-based stakeholder	�Continuous	�Positive engagements
				meets	interactions	for sustainable mining,
			�	CSR arm		water conservation,
			�	Community Advisory Pane		land reclamation, and
						other initiatives of CSR
	Media	No	�	Media briefngs	�Need based	�Increase transparency
			�	Press releases		and clarity in shared
			�	Marketing communication		information
	Construction	No	�	Ambuja Knowledge Centre	�Continuous	�Promote advanced
	professionals				interactions	construction
						techniques, sustainable
						construction
						practices, knowledge
						dissemination on good
						construction and
						product quality
	Industry	No	�	Meetings/Conferences	�Need based	�Knowledge
	Association		�	Policy papers		enhancement for
						policy interventions
						and policy advocacy
						on sustainable
						development practices
						in value chain

280

281

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

PRINCIPLE 5 Businesses should respect and promote human rights

Essential Indicators

1. Employees and workers who have been provided training on human rights issues and policy(ies) of the entity, in the following format:

==> picture [484 x 189] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Total (A) No. of % (B / A) Total (C) No. of % (D / C)
Category
employees employees
/workers /workers
covered (B) covered (D)
Employees
Permanent 2,544 2,176 86% 2,819 5 0%
Other permanent 753 219 29% 170 69 41%
Total Employees 3,297 2,395 73% 2,989 74 2%
Workers
Permanent 1,004 0 0% 1,329 0 0%
Other permanent 29 1 3% 43 0 0%
Total Workers 1,033 1 0% 1,372 0 0%
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Details of minimum wages paid to employees and workers, in the following format:

==> picture [485 x 287] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Total Equal to More than Total Equal to More than
Category
(A) Minimum Wage Minimum Wage (D) Minimum Wage Minimum Wage
No. % No. % No. % No. %
(B) (B / A) (C) (C / A) (E) (E / D) (F) (F / D)
Employees
Permanent
Male 2,458 0 0% 2,458 100% 2,726 0 0% 2,726 100%
Female 86 0 0% 86 100% 93 0 0% 93 100%
Other than
Permanent
Male 751 0 0% 751 100% 159 0 0% 159 100%
Female 2 0 0% 2 100% 11 0 0% 11 100%
Workers Permanent
Male 1,000 0 0% 1,000 100% 1,324 0 0% 1,324 100%
Female 4 0 0% 4 100% 5 0 0% 5 100%
Other than
Permanent
Male 29 0 0% 29 100% 43 0 0% 43 100%
Female 0 0 0% 0 100% 0 0 0% 0 100%
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Details of remuneration/salary/wages

• a. Median remuneration/wages:

	Male Female
	Number Median remuneration/ salary/ wages of respective category Number Median remuneration/ salary/ wages of respective category
Board of Directors (BoD)	7 31.25 lac 1 28.25 lac
Key Managerial Personnel	3 6.78 crore 0 NA
Employees other than BoD and KMP	3,209 11.18 lac 88 9.24 lac
Workers	1,029 7 lac 4 6.6 lac

• b. Gross wages paid to females as % of total wages paid by the entity, in the following format:

==> picture [464 x 52] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY 2022-23
(Current (Previous
Financial Year) Financial Year)
Gross wages paid to females as % of total wages 1.88% 3.10%
----- End of picture text -----

1. Do you have a focal point (Individual/ Committee) responsible for addressing human rights impacts or issues caused or contributed to by the business? (Yes/No)

Yes. Ambuja Cements Ltd. is committed to upholding of fundamental human rights in line with the legitimate role of the business. Our approach includes adherence to corporate business policies and compliance with applicable laws including internationally recognised human rights, as set out in the International Bill of Human Rights and the International Labour Organization declaration on Fundamental Principles and Right at Work. The policy is applicable to all stakeholders including employees, associates, customers, vendors, contractors, etc.

• Please refer http://www.ambujacement.com/Upload/PDF/Ambuja-Human-Rights-Policy.pdf

• Describe the internal mechanisms in place to redress grievances related to human rights issues. Yes.

• Please refer http://www.ambujacement.com/Upload/PDF/Ambuja-Human-Rights-Policy.pdf

(Practicing Open door policy. Grievances are heard by HR Head, Plant Head and at CMO Level)

1. Number of Complaints on the following made by employees and workers:

==> picture [484 x 171] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Filed Pending Remarks Filed Pending Remarks
during resolution at during resolution at
the year the end of year the year the end of year
Sexual Harassment 0 0 NA 0 0 NA
Discrimination at workplace 0 0 NA 0 0 NA
Child Labour 0 0 NA 0 0 NA
Forced Labour/Involuntary 0 0 NA 0 0 NA
Labour
Wages 0 0 NA 0 0 NA
Other human rights related 0 0 NA 0 0 NA
issues
----- End of picture text -----*

282

283

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview

ESG Overview Statutory Reports Financial Statements

Corporate Overview Strategic Review

1. Complaints filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013, in the following format:

==> picture [485 x 113] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
(Current Mar 2023
Financial (Previous
Year) Financial
Year)
Total complaints reported under Sexual Harassment on of Women at Workplace 0 0
(Prevention, Prohibition and Redressal) Act, 2013 (POSH)
Complaints on POSH as a % of female employees/workers 0 0
Complaints on POSH upheld 0 0
----- End of picture text -----*

1. Mechanisms to prevent adverse consequences to the complainant in discrimination and harassment cases.

Local plant management have the committee comprising of plant head, HR head and one more person preferably head plant operations. Any complaint regarding discrimination and harassment etc. in specific shall be treated most urgently and will be inquired on priority at the plant level itself

1. Do human rights requirements form part of your business agreements and contracts? (Yes/No)

Yes

• The Company had changed its financial year end from December to March in FY 23. Therefore, the figure for FY 23 is for 15 Months.

10. Assessments for the year:

==> picture [483 x 28] intentionally omitted <==

----- Start of picture text -----

% of your plants and offices that were assessed
(by entity or statutory authorities or third parties)
----- End of picture text -----

Child labour	100%
Forced/involuntary labour	100%
Sexual harassment	100%
Discrimination at workplace	100%
Wages	100%
Others –please specify	100%

1. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 10 above.

Proactive measures are taken. At the time of entry of employee or worker, a detailed checklist will be followed to ensure statutory compliance w.r.t. child labour, forced labour and wages without fail. For Sexual harassment, POSH is there in place and for discrimination, local management committee is in place.

PRINCIPLE 6: Businesses should respect and make efforts to protect and restore the environment

Essential Indicators

1. Details of total energy consumption (in Joules or multiples) and energy intensity, in the following format:

==> picture [483 x 318] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
(Current Mar 2023
Parameter Financial (Previous
Year) Financial
Year)
From renewable sources
Total electricity consumption (A) 1,94,170 1,18,800
Total fuel consumption (B) 46,33,771 52,53,000
Energy consumption through other sources (C) 0 0
Total energy consumed from renewable sources (A+B+C) 48,27,941 53,71,800
From non-renewable sources (in Giga Joules)
Total electricity consumption (D) 29,61,536 37,54,440
Total fuel consumption (E) (in Giga Joules) 6,25,41,366 8,18,30,000
Energy consumption through other sources (F) (in Giga Joules) 0 0
Total energy consumed from non-renewable sources (D+E+F) (in Giga Joules) 6,55,02,902 8,55,84,440
Total energy consumed (A+B+C+D+E+F) 7,03,30,843 9,09,56,240
Energy intensity per rupee of turnover (Total energy consumption/ Revenue 0.0003 0.0005
from operations) (GJ/D of turnover)
Energy intensity per rupee of turnover adjusted for Purchasing Power Parity Since we are not exporting
(PPP) (Total energy consumption/ Revenue from operations adjusted for PPP) any product, hence revenue
earned is in INR only and PPP
adjustment is not applicable
Energy intensity in terms of physical output (GJ/tonne of cementitious material) 2.57 2.61
Energy intensity (optional) – the relevant metric may be selected by the entity NA NA
----- End of picture text -----*

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

Yes, Intertek India Private Limited

• The Company had changed its financial year end from December to March in FY 23. Therefore, the figure for FY 23 is for 15 Months.

• Does the entity have any sites / facilities identified as designated consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India? (Y/N) If yes, disclose whether targets set under the PAT scheme have been achieved. In case targets have not been achieved, provide the remedial action taken, if any.

Yes,

• Maratha, Suli, Rauri, Ambujanagar, Ropar, Rabariyawas, Bhatapara & Sankrail are the Designated Consumers.

• All the designated consumers have achieved their PAT Target except for Suli & Rauri.

• Suli & Rauri achieved PAT target by purchasing ESCerts.

284

285

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

1. Provide details of the following disclosures related to water, in the following format:

==> picture [484 x 286] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
(Current Mar 2023
Parameter Financial (Previous
Year) Financial
Year)
Water withdrawal by source (in kilolitres)
(i) Surface water 3,74,806 2,060,074
(ii) Groundwater 18,92,104 1,952,472
(iii) Third party water 71,170 5,45,430
(iv) Seawater / desalinated water 0 0
(v) Others 33,06,306 26,19,155 [#]
Total volume of water withdrawal (in kilolitres) (i + ii + iii + iv + v) 56,44,386 7,177,130 [#]
Total volume of water consumption (in kilolitres) 56,44,386 7,177,130
Water intensity per rupee of turnover (Total water consumed / Revenue from 0.031 0.045
operations) (liters/Rs of revenue)
Water intensity per rupee of turnover adjusted for Purchasing Power Parity Since we are not exporting
(PPP) (Total water consumption/ Revenue from operations adjusted for PPP) any product, hence revenue
earned is in INR only and PPP
adjustment is not applicable
Water intensity in terms of physical output 206 206
(liters of water consumption/tonne of cementitious material)
Water intensity (optional) – the relevant metric may be selected by the entity NA NA
----- End of picture text -----

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

Yes, Intertek India Private Limited

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

For 2022-23, water withdrawal (V others) has been updated with harvested water, which was not considered previous year.

1. Provide the following details related to water discharged:

==> picture [484 x 303] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
(Current Mar 2023
Parameter Financial (Previous
Year) Financial
Year)
Water discharge by destination and level of treatment (in kilolitres)
(i) To Surface water
- No treatment 0 0
- With treatment – please specify level of treatment 0 0
(ii) To Ground water
- No treatment 0 0
- With treatment – please specify level of treatment 0 0
(iii) To Sea water
- No treatment 0 0
- With treatment – please specify level of treatment 0 0
(iv) Sent to Third Parties (Municipal STP)
- No treatment 0 0
- With treatment – please specify level of treatment 0 0
(v) Others
- No treatment 0 0
- With treatment – please specify level of treatment 0 0
Total water discharged (in kilolitres) 0 0
----- End of picture text -----*

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

Yes, Intertek India Private Limited

1. Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage and implementation.

2. Zero Liquid Discharge is implemented at all plant locations. No waste water/ treated waste water is discharged outside the plant premises.

286

287

AMBUJA CEMENTS LIMITED

Portfolio Overview

ESG Overview Statutory Reports Financial Statements

Corporate Overview Strategic Review

Integrated Annual Report 2023-24

1. Please provide details of air emissions (other than GHG emissions) by the entity, in the following format:

==> picture [483 x 149] intentionally omitted <==

----- Start of picture text -----

FY 2023-2024 FY Jan 2022-
(Current Mar 2023
Parameter Please specify unit
Financial Year) (Previous
Financial Year)
NOx Tonnes 12,277 18,251
SOx Tonnes 1,343 3,372
Particulate matter (PM) Tonnes 367 505
Persistent organic pollutants (POP) NA NA NA
Volatile organic compounds (VOC) NA NA NA
Hazardous air pollutants (HAP) NA NA NA
Others – please specify NA NA NA
----- End of picture text -----*

Note: All our plants meet with the prescribed standards given by respective regulatory body.

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

Yes, Intertek India Private Limited.

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

• Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity, in the following format:

==> picture [484 x 243] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
(Current Mar 2023
Parameter Unit
Financial Year) (Previous
Financial Year)
Total Scope 1 emissions (including CPP) Break-up of Metric tonnes of 15,286,295 20,000,839
the GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if CO2 equivalent
available)
Total Scope 2 emissions (Break-up of the GHG into CO2, Metric tonnes of 589,017 715,005
CH4, N2O, HFCs, PFCs, SF6, NF3, if available) CO2 equivalent
Total Scope 1 and Scope 2 emissions per rupee of 0.09 0.13
turnover (Total Scope 1 and Scope 2 GHG emissions/
Revenue from operations) (kg CO2/D of turnover)
Total Scope 1 and Scope 2 emissions per rupee of Since we are not exporting any
turnover adjusted for Purchasing Power Parity (PPP) product, hence revenue earned is in
(Total Scope 1 and Scope 2 GHG emissions/Revenue INR only and PPP adjustment is not
from operations adjusted for PPP) applicable
Total Scope 1 and Scope 2 emission intensity in terms of 581 594
physical output (kg CO2/tonne of cementitious material)
Total Scope 1 and Scope 2 emission intensity (optional) NA NA
– the relevant metric may be selected by the entity
----- End of picture text -----

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

Yes, Intertek India Private Limited

1. Does the entity have any project related to reducing Green House Gas emission? If Yes, then provide details.

The Company is committed to reduce its carbon footprint. It is a signatory to SBTi to be Net Zero by 2050. The 2030 GHG emission reduction targets are validated by SBTi. The Company has taken multiple initiatives to reduce greenhouse gases. These include: 1) Improved technology 2) Energy efficiency 3) Use of renewable energy 4) Use of green energy like WHRS 5) Use of alternate fuels 6) Use of alternate raw materials 7) Reduction in clinker factor and having larger share of green products in its portfolio

1. Provide details related to waste management by the entity, in the following format:

==> picture [484 x 303] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar
Parameter (Current 2023 (Previous
Financial Year) Financial Year)
Total Waste generated (in metric tonnes)
Plastic waste (A) 36,532.52 41,957.49 [#]
E-waste (B) 30.42 17.41
Bio-medical waste (C) 0.51 4.58
Construction and demolition waste (D) 53.5 0
Battery waste (E) 29.25 49.47
Radioactive waste (F) 0 0
Other Hazardous waste. Please specify, if any. (G) 1,743.48 48,785
Other Non-hazardous waste generated (H). Please specify, if any. 2,47,724.98 3,38,614 [#]
(Break-up by composition i.e. by materials relevant to the sector)
Total (A+B + C + D + E + F + G + H) in metric ton 2,86,114.66 4,29,428 [#]
Waste intensity per rupee of turnover (Total waste generated/ 0.002 0.003
Revenue from operations) (kg/D of turnover)
Waste intensity per rupee of turnover adjusted for Purchasing Since we are not exporting any product,
Power Parity (PPP) (Total waste generated/Revenue from hence revenue earned is in INR only and
operations adjusted for PPP) PPP adjustment is not applicable
Waste intensity in terms of physical output 10.46 12
(kg/tonne of cementitious material)
Waste intensity (optional) – the relevant metric may be selected by NA NA
the entity
----- End of picture text -----*

For each category of waste generated, total waste recovered through recycling, re-using or other recovery operations (in metric tonnes) Category of waste (i) Recycled Plastic waste is mainly disposed through (ii) Re-used co-processing by the Company and a very small quantity through authorised scrap (iii) Other recovery operations dealers. Bio-medical waste is disposed Total through incineration of bio-medical waste at authorised Common Biomedical Waste Treatment Facilities. E-waste and battery waste is recycled through authorised recyclers. Hazardous waste is mainly coprocessed in cement kiln and the quantity which cannot be co-processed is sent to common incinerator.

288

289

AMBUJA CEMENTS LIMITED

Portfolio Overview

ESG Overview Statutory Reports Financial Statements

Corporate Overview Strategic Review

Integrated Annual Report 2023-24

==> picture [486 x 40] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar
Parameter (Current 2023 (Previous
Financial Year) Financial Year)
----- End of picture text -----*

For each category of wastegenerated, total waste	disposed by nature of disposal method (in metric tonnes)
Category of waste	Plastic waste is mainly disposed through
(i) Incineration (ii) Landflling	co-processing by the Company and a very small quantity through authorised scrap dealers. Bio-medical waste is disposed
(iii) Other disposal operations	through incineration of bio-medical waste
Total	at authorised Common Biomedical Waste
	Treatment Facilities. E-waste and battery
	waste is recycled through authorised
	recyclers. Hazardous waste is mainly
	coprocessed in cement kiln and the
	quantity which cannot be co-processed is
	sent to common incinerator. There is no
	disposal of waste to landfll.

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

Yes, Intertek India Private Limited.

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months. # For 2022-23, plastic packing bags in 'plastic waste' and flyash generation in 'other non-hazardous waste' category have been updated which was not considered previous year.

• Briefly describe the waste management practices adopted in your establishments. Describe the strategy adopted by your company to reduce usage of hazardous and toxic chemicals in your products and processes and the practices adopted to manage such wastes.

Hazardous and non-hazardous Waste generated at all locations is collected and segregated separately as per its characteristics in line with Waste Management Rules for specific wastes. Plastic waste is mainly disposed through co-processing by the Company and a very small quantity through authorised scrap dealers. Bio-medical waste is disposed through incineration of bio-medical waste at authorised Common Biomedical Waste Treatment Facilities. E-waste and battery waste is recycled through authorised recyclers. Hazardous waste is mainly coprocessed in cement kiln and the quantity which cannot be co-processed is sent to common incinerator.

The cement manufacturing process does not generate much hazardous wastes. It mainly consists of waste lubricating oils which are co-processed in cement kilns.

Through the co-processing technology, the Company provides a ‘Zero Landfill’ solution that doesn’t create any additional emission and in addition avoids soil contamination, water and air pollution coming from landfill sites, recovering energy and minerals from the waste materials.

Geoclean helps ACL contribute to safe waste management solutions in industries and municipalities and increase the utilisation of alternative fuels in cement kilns. The Company has been building up stakeholders’ awareness on these issues through its advocacy in appropriate forums

1. If the entity has operations/offices in/around ecologically sensitive areas (such as national parks, wildlife sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where environmental approvals / clearances are required, please specify details in the following format:

Whether the conditions of environmental approval / S. Location of Type of operations clearance are being complied with? (Y/N) If no, the reasons No. operations/offices thereof and corrective action taken, if any. NIL NIL NIL

1. Details of environmental impact assessments of projects undertaken by the entity based on applicable laws, in the current financial year:

==> picture [484 x 71] intentionally omitted <==

----- Start of picture text -----

Whether
Results
conducted by
EIA communicated
Name and brief independent Relevant
details of project Notification Date external in public Web link
No. domain
agency
(Yes / No)
(Yes / No)
----- End of picture text -----

Proposed expansion in Limestone Production Capacity from 1.5 million TPA to 3.5 million TPA and a proposed crusher of 1600 TPH in Maratha Limestone Mine, ML-I (ML Area – 579.90 ha) Chandrapur, Maharashtra SO. 1533 (E) dated 14 Sep, 2006 & its amendments PH completed on 03.05.2023 Yes Yes	https:// mpcb.gov.
	in
Expansion of Integrated Cement Project (Clinker 2.85 to 6.15 million TPA, Cement - 4.75 to 10 million TPA and WHR - 45 MW) by Installation of new Line II, Chandrapur, Maharashtra SO. 1533 (E) dated 14 Sep, 2006 & its amendments EC granted on 20.02.2024 Yes Yes	https:// parivesh. nic.in
Proposed expansion in existing Cement Grinding Unit from 1.20 MTPA to 2.2 MTPA located near GNDTP, Malaut Road, Bathinda, Punjab SO. 1533 (E) dated 14 Sep, 2006 & its amendments PH completed on 16.01.2024 Yes Yes	https:// ppcb. punjab. gov.in/en
Expansion in Limestone Production Capacity from 0.5 million TPA to 2.0 million TPA at Marwar Mundwa Limestone Mine (ML –II, Nagaur, Rajasthan SO. 1533 (E) dated 14 Sep, 2006 & its amendments EC granted on 30.06.2023 Yes Yes	https:// parivesh. nic.in
EC for expansion of existing Cement Grinding Unit from 2.4 to 4.0 MTPA at Village- Jala Dhulagori, West Bengal (Unit: Sankrail). SO. 1533 (E) dated 14 Sep, 2006 & its amendments EC granted on 19.07.2023 Yes Yes	https:// parivesh. nic.in
Proposed Kharagpur Cement Grinding Unit with capacity of 2x 3.0 MMTPA” AT Village: Haripurkismat Taluka: Kharagpur District: Paschim Medinipur State: West Bengal SO. 1533 (E) dated 14 Sep, 2006 & its amendments TOR granted on 24.07.2023 Yes Yes	https:// parivesh. nic.in
Proposed Hoshiarpur Cement Grinding Unit with Cement Production Capacity 2 x 3.0 MMTPA (6 MMTPA)” at Village- Raniala & Sadullapur Badhwan, Tehsil- Garhshankar, District Hoshiarpur, State- Punjab SO. 1533 (E) dated 14 Sep, 2006 & its amendments PH Completed on 19.01.2024 Yes Yes	https:// ppcb. punjab. gov.in/en
EC for the proposed expansion in Cement Production Capacity (1.25 MTPA to 3.0 MTPA) of Existing Stand-alone Grinding , West Bengal, (Unit: Farakka) SO. 1533 (E) dated 14 Sep, 2006 & its amendments EC granted on 29.08.2023 Yes Yes	https:// parivesh. nic.in
Proposed Ambivli Cement Grinding Unit With Production Capacity of 2 X 3 MMTPA (6.0 MMTPA) Located at Village: Ambivli, Taluka: Kalyan, District: Thane, State: Maharashtra SO. 1533 (E) dated 14 Sep, 2006 & its amendments TOR granted on: 20.10.2023 Yes Yes	https:// parivesh. nic.in
Proposed 3D2 Limestone Block with Limestone Production Capacity of 3.0 million TPA at Villages: Harima & Sarasani, Tehsil and District: Nagaur, Rajasthan. SO. 1533 (E) dated 14 Sep, 2006 & its amendments TOR granted on 08.01.2024 Yes Yes	https:// parivesh. nic.in

290

291

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview

Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

1. Is the entity compliant with the applicable environmental law/ regulations/ guidelines in India; such as the Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules thereunder (Y/N). If not, provide details of all such non-compliances, in the following format:

2. Any fines / penalties

3. Specify the law / / action taken by

4. S. regulation / guidelines Provide details of the nonregulatory agencies Corrective action taken, No. which was not complied compliance such as pollution if any with control boards or by courts

5. 1 EPA, Air Act, Water Act � Composite EC of plant 164.83 Lakh � Separate EC application and colony not accepted for colony submitted by SPCB to SEIAA

6. � Fugitive emission from � Clinker silo and bulk clinker silo and clinker loading points leakages bulk loading point. High covered. All bags of Stack emission raw mill bag house

7. � STP inlet and outlet flow stack replaced. meter not installed � Water meter installed at all relevant places including STP

PRINCIPLE 7 Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent

Essential Indicators

1. a. Number of affiliations with trade and industry chambers/ associations: 6

2. b. List the top 10 trade and industry chambers/ associations (determined based on the total members of such body) the entity is a member of/ affiliated to

==> picture [464 x 28] intentionally omitted <==

----- Start of picture text -----

S. Name of the trade and industry Reach of trade and industry chambers/
No. chambers/ associations associations (State/National)
----- End of picture text -----

1	Indian Business & Biodiversity Initiative (IBBI)	National
2	Global Cement Concrete Association (GCCA)	National
3	Confederation of Indian Industry (CII)	National
4	National Safety Council (NSC)	National
5	World Economic Forum (WEF)	International
6	Science Based Target Initiative	International

1. Provide details of corrective action taken or underway on any issues related to anti- competitive conduct by the entity, based on adverse orders from regulatory authorities.

Name of authority Brief of the case Corrective action taken

None. Company ensures compliance with all anti-trust laws

All agreements are duly vetted to ensure due compliance with anti-trust laws.

Training modules are circulated to sales/marketing/procurement team from time to time to create awareness on cartelisation/restrictive trade practices

PRINCIPLE 8 Businesses should promote inclusive growth and equitable development

Essential Indicators

1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, in the current financial year.

==> picture [484 x 58] intentionally omitted <==

----- Start of picture text -----

Whether
Results
SIA conducted by
Name and brief Date of communicated in Relevant
details of project Notification No. notification independent external agency public domain Web link
(Yes / No)
(Yes / No)
----- End of picture text -----

Social Impact Assessment is a part of EIA for getting Environment Clearance for projects. All projects listed in Question No 12 of Principle 6 have SIA component in-built as part of the study carried out. In addition, assessing social impacts of the CSR projects is an ongoing process at ACF, that continues to assess social impacts using platforms such as Social Engagement Scorecard (SES), Community Advisory Panel (CAP) etc. Any social impacts emerging out of these platforms is seriously considered and factored into annual workplan and activities of Ambuja Cement Foundation. In FY 24, we measured Social Returns on Investment (SROI) for three of our livelihood interventions programmes in three blocks of Howrah District, West Bengal. The programmes are 1) Agriculture-based Livelihood (ABL) Program, which aims to double farmers' income by introducing innovative farming techniques 2) The Women Empowerment Program (WEP) focuses on economic empowerment and gender equality and 3) Skill & Entrepreneurship Development Institute (SEDI) that provides vocational training to underprivileged youth, enhancing their employability and fostering entrepreneurship. The period of the study was between 2019-20 to 2021-22. The SROI ratio for the ABL program is 9.87, WEP program is 3.99 and for the SEDI program is 6.35. The results of the analysis will be helpful to optimise value by including stakeholder voices. The SROI value helps to gauge the program effectiveness, improve program management, and enhance understanding and communication of CSR impacts.

1. Provide information on project(s) for which ongoing Rehabilitation and Resettlement (R&R) is being undertaken by your entity, in the following format:

	S. No. Name of Project for which R&R is ongoing State District No. of Project Affected Families (PAFs) % of PAFs covered by R&R Amounts paid to PAFs in the FY (InE)
	NIL

1. Describe the mechanisms to receive and redress grievances of the community.

2. ACF acts like a bridge between the plant and the community. The concerns and grievances from the community are taken to Plant Head by ACF team. ACF facilitates the issue based discussion with community and the plant as may be suggested by the Head. Each plant also has a CSR committee where concerns of the community are shared and discussed with senior plant team.

Ambuja plants have Community Advisory Panel (CAPs), a formal forum consisting of stakeholders representatives including senior team at plant, where issues and concerns of the community are discussed and resolved.

1. Percentage of input material (inputs to total inputs by value) sourced from suppliers:

==> picture [484 x 77] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-
Current Mar 2023
Financial (Previous
Year Financial Year)
Directly sourced from MSMEs/ small producers 2.24% 1.01%
Sourced directly from within the district and neighbouring districts 92.96% 97.14%
----- End of picture text -----*

We seek proactive advise/clarifications from external law firms in case of any doubt in any transaction before proceeding ahead with the same

292

293

AMBUJA CEMENTS LIMITED Integrated Annual Report 2023-24

Portfolio Overview Corporate Overview Strategic Review ESG Overview Statutory Reports Financial Statements

1. Job creation in smaller towns – Disclose wages paid to persons employed (including employees or workers employed on a permanent or non-permanent/on contract basis) in the following locations, as % of total wage cost

==> picture [484 x 95] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY 2022-23
Location (Current (Previous
Financial Year) Financial Year)
Rural 17.29% 8.95%
Semi-urban 12.22% 5.50%
Urban 59.77% 11.95%
Metropolitan 10.71% 73.60%
----- End of picture text -----

(Place to be categorised as per RBI Classification System – rural/semi-urban/urban/metropolitan)

PRINCIPLE 9 Businesses should engage with and provide value to their consumers in a responsible manner

Essential Indicators

1. Describe the mechanisms in place to receive and respond to consumer complaints and feedback.

2. The Company has provided on its website a dedicated e-mail address wherein the Company receives and responds to consumer complaints and feedbacks. The e-mail address is consumer.care@adani.com. In addition, every package of product has printed customer care details with postal address, toll free phone number and email id.

3. Turnover of products and/ services as a percentage of turnover from all products/service that carry information about:

4. Details of instances of product recalls on account of safety issues:

	Number	Reasons for recall
Voluntary recalls	0	NA
Forced recalls	0	NA

1. Does the entity have a framework/ policy on cyber security and risks related to data privacy? (Yes/No) If available, provide a web-link

---

• Yes, Cyber Security and Data Privacy Policy https://www.ambujacement.com/Upload/PDF/1. Cyber security anddata-privacy-policy.pdf of the policy.

• Provide details of any corrective actions taken or underway on issues relating to advertising, and delivery of essential services; cyber security and data privacy of customers; re-occurrence of instances of product recalls; penalty/action taken by regulatory authorities on safety of products/services.

All communications have necessary disclaimer as per Advertising Standard Council of India (ASCI) and Bureau of Indian Standard (BIS) guidelines.

1. Provide the following information relating to data breaches:

2. a. Number of instances of data breaches along-with impact: Nil

3. b. Percentage of data breaches involving personally identifiable information of customers: Nil

4. c. Impacts, if any, of the data breaches : NA

As a percentage to total turnover

Environmental and social parameters relevant to The Company’s products confirm to all applicable statutory the product parameters. Safe and responsible usage

Recycling and/or safe disposal

1. Number of consumer complaints in respect of the following:

==> picture [484 x 163] intentionally omitted <==

----- Start of picture text -----

FY 2023-24 FY Jan 2022-Mar 2023
(Current Financial Year) (Previous Financial Year)
Received Pending Remarks Received Pending Remarks
during the resolution at during the resolution at
year end of year year end of year
Data privacy 0 0 0 0
Advertising 0 0 0 0
Cyber-security 0 0 0 0
Delivery of essential services 0 0 0 0
Restrictive Trade Practices 7 2 17 0
Unfair Trade Practices 5 1 3 0
Other 13 4 0 0
----- End of picture text -----*

• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.

294

295

==> picture [129 x 61] intentionally omitted <==

Independent Reasonable Assurance Statement to Ambuja Cements Limited on their Business Responsibility & Sustainability Report (BRSR) FY2023-24-Core Disclosures

To the Management of Ambuja Cement Ltd., Ahmedabad, India

Introduction

Intertek India Private Limited ("Intertek") was engaged by Ambuja Cements Limited (“ACL”) to provide an independent reasonable assurance on its BRSR (Business Responsibility & Sustainability Report) core disclosures for FY2023-24 (“the Report”). The scope of the Report comprises the reporting periods of FY2023-24. The Report is prepared by ACL based on SEBI's (Securities and Exchange Board of India) BRSR guidelines. The assurance was performed in accordance with the requirements of International Federation of Accountants (IFAC) International Standard on Assurance Engagement (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information.

Objective

The objectives of this reasonable assurance exercise were, by review of objective evidence, to confirm whether any evidence existed that the sustainability related disclosures in alignment with BRSR requirements, as declared in the Report, were not accurate, complete, consistent, transparent and free of material error or omission in accordance with the criteria outlined below.

Intended Users

This Assurance Statement is intended to be a part of the Integrated Annual Report 2023-24 of Ambuja Cements Limited.

Responsibilities

The management of ACL is solely responsible for the development of Report and its presentation. Management is also responsible for the design, implementation and maintenance of internal controls relevant to the preparation of the Report so that it is free from material misstatement, whether due to error.

Intertek’s responsibility, as agreed with the management of ACL, is to provide assurance and express an opinion on the data and assertions in the Report based on our verification following the assurance scope and criteria given below. Intertek does not accept or assume any responsibility for any other purpose or to any other person or organization. This document represents Intertek’s independent and balanced opinion on the content and accuracy of the information and data held within.

Assurance Scope

The assurance has been provided for BRSR core disclosures with reference to SEBI’s “BRSR Core - Framework for assurance and ESG disclosures for value chain” vide circular no. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated 12 July 2023, presented by ACL in its Report. The assurance boundary included data and information for the operations of integrated plants i.e. Ambujanagar, Bhattapara, Darlaghat, Maratha, Marwar, Rabriyawas and grinding units i.e. Bhatinda, Dadri, Farakka, Nalagarh, Ropar, Roorkee, Sankrail, Surat and Ambuja Cements Ltd. (Corporate Office) in accordance with SEBI’s BRSR guidelines. Our scope of assurance included verification of internal control systems, data and information on core disclosures reported as summarized in the table below:

Ambuja Cements Ltd.| BRSR FY2023-24 | Reasonable Assurance Statement

Page 1 of 3

BRSR-Core Disclosures

• Total scope 1 and scope 2 emissions

• GHG emissions intensity (scope 1 and 2).

• Water consumption, water consumption Intensity and water discharge by destination and levels of treatment

• Total energy consumed, percentage of energy consumed from renewable sources and energy intensity

• Waste Generation (category wise), Disposal, Recovered, Disposed and Intensity

• Cost incurred on well-being measures as a percentage of total revenue of the company.

• Safety related incidents (LTIFR + Fatality + Permanent Disabilities) including contractual workforce.

• Gross wages paid to females as percentage of wages paid.

• Complaints on POSH

• Input material sourced (from MSMEs/ small producers and from within India)

• Enabling inclusive development (Job creation in smaller towns and wages paid)

• Instances involving loss / breach of data of customers and Number of days of accounts payable.

• Concentration of sales done with dealers, and related parties. Also loans and advances & investments with related parties.

Assurance Criteria

Intertek conducted the assurance work in accordance with requirements of 'Reasonable Assurance' procedures as per the following standard:

• International Standard on Assurance Engagements (ISAE) 3000 (revised) for ‘Assurance Engagements other than Audits or Reviews of Historical Financial Information’.

• International Standard on Assurance Engagements (ISAE) 3410 for ‘Assurance Engagements on Greenhouse Gas Statement

A reasonable assurance engagement involved assessing the risks of material misstatement of the agreed indicators/parameters whether due to fraud or error, responding to the assessed risks as necesaary in the circumtances.A materiality threshold level of 5% was applied. Assessment of compliance and materiality was undertaken against the stated calculation methodology and criteria.

Limitations

We have relied on the information, documents, records, data, and explanations provided to us by ACL for the purpose of our review.

The assurance scope excludes:

• Any disclosures beyond those specified in the Scope section above.

• Data and information falling outside the defined reporting period.

• Data pertaining to the Company’s financial performance, strategy, and associated linkages articulated in the Report.

• Assertions made by the Company encompassing expressions of opinion, belief, aspiration, expectation, forward-looking statements, and claims related to Intellectual Property Rights and other competitive issues.

While we considered the effectiveness of management’s internal controls when determining the nature and extent of our procedures, our assurance engagement was not designed to provide assurance on internal controls.

The procedures did not include testing controls or performing procedures relating to checking aggregation or calculation of data within software/IT systems.

Ambuja Cements Ltd.| BRSR FY2023-24 | Reasonable Assurance Statement

Page 2 of 3

Methodology

Intertek performed assurance work using risk-based approach to obtain the information, explanations and evidence that was considered necessary to provide a reasonable level of assurance. The assurance was conducted by desk reviews, visit to ACL’s sites in Dadri in Uttar Pradesh and Ambuja Nagar in Gujarat, considering a sampling rate of 10% of the total operational sites of ACL in India and stakeholder interviews with regards to the reporting and supporting records for the fiscal year 2024 at ACL’s corporate office in Ahmedabad. Our assurance task was planned and carried out during Jan-May 2024. The assessment included the following:

• Review of the Report that was prepared in accordance with the SEBI’s BRSR guidelines.

• Review of processes and systems used to gather and consolidate data.

• Examined and reviewed documents, data and other information made available at selected ACL’s operational sites, corporate office and digitally.

• Conducted physical interviews with key personnel responsible for data management at selected ACL’s operational sites and corporate office.

• Assessment of appropriateness of various assumptions, estimations and thresholds used by ACL for data analysis.

• Review of BRSR core disclosures for the duration from 1[st] April 2023 to 31[st] March of 2024 for ACL was carried out at ACL’s corporate office.

• Appropriate documentary evidence was obtained to support our conclusions on the information and data reviewed and details would be provided in a separate management report.

Conclusions

Intertek reviewed BRSR core disclosures provided by ACL in its Report. Based on the procedures performed as above, evidences obtained and the information and explanations given to us along with the representation provided by the management and subject to inherent limitations outlined elsewhere in this report, in our opinion, ACL’s data and information on BRSR core disclosures for the period of 01 April 2023 to 31 March 2024 included in the Report, is, in all material respects, in accordance with the SEBI’s BRSR guidelines.

Intertek’s Competence and Independence

Intertek is a global provider of assurance services with a presence in more than 100 countries employing approximately 43,500 people. The Intertek assurance team included competent sustainability assurance professionals, who were not involved in the collection and collation of any data except for this assurance opinion. Intertek maintains complete impartiality towards any people interviewed.

For Intertek India Pvt. Ltd.

==> picture [69 x 35] intentionally omitted <==

Sumit Chowdhury, Verifier Sr. Manager-Sustainability Intertek Assuris 21[st] May 2024

==> picture [161 x 34] intentionally omitted <==

Elizabeth Mielbrecht, Reviewer Project Director Intertek Assuris

No member of the verification team (stated above) has a business relationship with Ambuja Cements Ltd. stakeholders beyond that is required of this assignment. No form of bribe has been accepted before, throughout and after performing the verification. The verification team has not been intimidated to agree to do this work, change and/or alter the results of the verification. The verification team has not participated in any form of nepotism, self-dealing and/or tampering. If any concerns or conflicts were identified, appropriate mitigation measures were put in place, documented and presented with the final report. The process followed during the verification is based on the principles of impartiality, evidence, fair presentation and documentation. The documentation received and reviewed supports the conclusion reached and stated in this opinion.

Ambuja Cements Ltd.| BRSR FY2023-24 | Reasonable Assurance Statement

Page 3 of 3

==> picture [129 x 61] intentionally omitted <==

Independent Limited Assurance Statement to Ambuja Cements Limited on their Business Responsibility & Sustainability Report (BRSR) FY2023-24

To the Management of Ambuja Cements Ltd., Ahmedabad, India

Introduction

Intertek India Private Limited ("Intertek") was engaged by Ambuja Cements Limited (“ACL”) to provide an independent limited assurance on its BRSR (Business Responsibility & Sustainability Report) selected non-core disclosures for FY2023-24 (“the Report”). The scope of the Report comprises the reporting periods of FY2023-24. The Report is prepared by ACL based on SEBI's (Securities and Exchange Board of India) BRSR guidelines. The assurance was performed in accordance with the requirements of International Federation of Accountants (IFAC) International Standard on Assurance Engagement (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information.

Objective

The objectives of this limited assurance exercise were, by review of objective evidence, to confirm whether any evidence existed that the sustainability related disclosures in alignment with BRSR requirements, as declared in the Report, were not accurate, complete, consistent, transparent and free of material error or omission in accordance with the criteria outlined below.

Intended Users

This Assurance Statement is intended to be a part of the Integrated Annual Report 2023-24 of Ambuja Cements Limited.

Responsibilities

The management of ACL is solely responsible for the development of the Report and its presentation. Management is also responsible for the design, implementation and maintenance of internal controls relevant to the preparation of the Report so that it is free from material misstatement, whether due to error.

Intertek’s responsibility, as agreed with the management of ACL, is to provide assurance and express an opinion on the data and assertions in the Report based on our verification following the assurance scope and criteria given below. Intertek does not accept or assume any responsibility for any other purpose or to any other person or organization. This document represents Intertek’s independent and balanced opinion on the content and accuracy of the information and data held within.

Assurance Scope

The assurance has been provided for selected sustainability performance disclosures presented by ACL in its Report. The assurance boundary included data and information for the operations of integrated plants i.e. Ambuja Nagar, Bhattapara, Darlaghat, Maratha, Marwar, Rabriyawas and grinding units i.e. Bhatinda, Dadri, Farakka, Nalagarh, Ropar, Roorkee, Sankrail, Surat and Ambuja Cements Ltd. (Corporate Office) in accordance with SEBI’s BRSR guidelines. Our scope of assurance included verification of data and information on selected disclosures reported as summarized in the table below:

Ambuja Cements Ltd.| BRSR FY2023-24 | Limited Assurance Statement

Page 1 of 3

Section A: General Disclosures

• Total number of permanent and other than permanent employees.

• Total number of permanent and other than permanent workers.

• Total number of female employees and workers.

• Total number of differently abled employees and workers (permanent and other than permanent).

• Turnover rate for permanent employees and permanent workers.

• Corporate Social Responsibility (CSR) details (total expenditure).

Principle 3: Businesses should respect and promote the well-being of all employees, including those in their value chains

• Return to work and retention rates of permanent employees and workers that took parental leave.

• Performance and career development reviews of employees and workers.

• Percentage of plants and offices that were assessed for health and safety practice and working conditions

• Number of employees covered under skill upgradation and health & safety trainings.

Principle 5: Businesses should respect and promote human rights

• Number and percentage of employees and workers covered under training on human rights policy and issues.

• Minimum wage paid to employees and workers.

• Percentage of plants assessed for child labour, forced labour, sexual harassment, discrimination at workplace and wages.

Assurance Criteria

Intertek conducted the assurance work in accordance with requirements of 'Limited Assurance' procedures as per the following standard:

• International Standard on Assurance Engagements (ISAE) 3000 (revised) for ‘Assurance Engagements other than Audits or Reviews of Historical Financial Information’.

A limited assurance engagement comprises of limited depth of evidence gathering including inquiry and analytical procedures and limited sampling as per professional judgement of assurance provider. A materiality threshold level of 10% was applied. Assessment of compliance and materiality was undertaken against the stated calculation methodology and criteria.

Methodology

Intertek performed assurance work using risk-based approach to obtain the information, explanations and evidence that was considered necessary to provide a limited level of assurance. The assurance was conducted by desk reviews, visit to ACL’s sites in Dadri in Uttar Pradesh and Ambuja Nagar in Gujarat and stakeholder interviews with regards to the reporting and supporting records for the fiscal year 2024 at ACL’s corporate office in Ahmedabad. Our assurance task was planned and carried out during Jan-May 2024. The assessment included the following:

• Review of the Report that was prepared in accordance with the SEBI’s BRSR guidelines.

• Review of processes and systems used to gather and consolidate data.

• Examined and reviewed documents, data and other information made available at ACL’s operational sites, corporate office and digitally.

• Conducted physical interviews with key personnel responsible for data management.

• Assessment of appropriateness of various assumptions, estimations and thresholds used by ACL for data analysis.

• Review of BRSR disclosures on sample basis for the duration from 1[st] April 2023 to 31[st] March of 2024 for ACL was carried out at ACL’s corporate office.

• Appropriate documentary evidence was obtained to support our conclusions on the information and data reviewed and details would be provided in a separate management report.

Ambuja Cements Ltd.| BRSR FY2023-24 | Limited Assurance Statement

Page 2 of 3

Conclusions

Intertek reviewed selected BRSR disclosures provided by ACL in its Report. Based on the data and information provided by ACL, Intertek concludes with limited assurance that there is no evidence that the sustainability data and information presented in the Report is not materially correct. The report provides a fair representation of BRSR disclosures and is in accordance with the SEBI’s BRSR guidelines to the best of our knowledge.

Intertek’s Competence and Independence

Intertek is a global provider of assurance services with a presence in more than 100 countries employing approximately 43,500 people. The Intertek assurance team included competent sustainability assurance professionals, who were not involved in the collection and collation of any data except for this assurance opinion. Intertek maintains complete impartiality towards any people interviewed.

For Intertek India Pvt. Ltd.

==> picture [69 x 35] intentionally omitted <==

Sumit Chowdhury, Verifier Sr. Manager-Sustainability Intertek Assuris 21[st] May 2024

==> picture [161 x 33] intentionally omitted <==

Elizabeth Mielbrecht, Reviewer Project Director Intertek Assuris

No member of the verification team (stated above) has a business relationship with Ambuja Cements Ltd. stakeholders beyond that is required of this assignment. No form of bribe has been accepted before, throughout and after performing the verification. The verification team has not been intimidated to agree to do this work, change and/or alter the results of the verification. The verification team has not participated in any form of nepotism, self-dealing and/or tampering. If any concerns or conflicts were identified, appropriate mitigation measures were put in place, documented and presented with the final report. The process followed during the verification is based on the principles of impartiality, evidence, fair presentation and documentation. The documentation received and reviewed supports the conclusion reached and stated in this opinion.

Ambuja Cements Ltd.| BRSR FY2023-24 | Limited Assurance Statement

Page 3 of 3