Bhansali Engineering Polymers Ltd. - Environmental & Social Information 2024

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ASHWIN Digitally signed by ASHWIN MANILAL MANILAL PATEL PATEL Date: 2024.06.05 17:12:31 +05'30'

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Annexure 7

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT OF BHANASALI ENGINEERING POLYMERS LIMITED FOR THE FINANCIAL YEAR ENDED 31[st] MARCH, 2024

SECTION A: GENERAL DISCLOSURES

Details of the listed entity

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1. Corporate Identity Number (CIN) of the Listed Entity L27100MH1984PLC032637
2. Name of the Listed Entity Bhansali Engineering Polymers Limited
3. Year of incorporation 1984
4. Registered office address 301 & 302, 3 [rd] Floor Peninsula Heights,
C.D Barfiwala Road, Andheri (West),
Mumbai – 400058, Maharashtra
5. Corporate address Same as Registered Office Address
6. E-mail [email protected]
7. Telephone +91-22-2621 6060-64
8. Website www.bhansaliabs.com
9. Financial year for which reporting is being done Financial year ended 31 [st] March, 2024
10. Name of the Stock Exchange(s) where shares are listed National Stock Exchange of India Limited and BSE Limited
11. Paid-up Capital ` 24,88,58,460/-
12. Name and contact details (telephone, email address) of the Mr. Ashwin M. Patel
person who may be contacted in case of any queries on the Ph: +91-22-26216060-64 / 69106100
BRSR report Email ID: [email protected]
13. Reporting boundary - Are the disclosures under this report Consolidated Basis
made on a standalone basis (i.e. only for the entity) or on a
consolidated basis (i.e. for the entity and all the entities which
form a part of its consolidated financial statements, taken
together).
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Products / Services

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

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Sr. Description of Main Activity Description of Business Activity % of Turnover
No. of the entity
1 Petrochemical Acrylonitrile Butadiene Styrene (ABS) 93.39
Styrene Acrylonitrile (SAN) 1.34
Trading Sales 5.27
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Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):

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Sr. Product/Service NIC Code % of total Turnover
No. contributed
1. Acrylonitrile Butadiene Styrene Resins and 2209 94.73
Styrene Acrylonitrile Resins
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74 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Operations

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

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Location Number of plants Number of offices Total
National 2 7 9
International NIL NIL NIL
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Markets served by the entity:
a. Number of locations

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Locations Number
National (No. of States) 25
International (No. of Countries) 2
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b. What is the contribution of exports as a percentage of the total turnover of the entity? - The contribution of exports was 0.96 % of the total turnover of the Company for the Financial Year ended 31[st] March, 2024.
c. A brief on types of customers: The Company is engaged in manufacturing of ABS & SAN resins. Our customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare & Kitchenware, Stationery and Toys.

Employees

Details as at the end of Financial Year:
a. Employees and workers (including differently abled):

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Sr. Particulars Total Male Female
No. (A) No. % No. %
(B) (B / A) (C) (C / A)
EMPLOYEES
1. Permanent (D) 400 397 99.25 3 0.75
2. Other than Permanent (E) NIL NIL NIL NIL NIL
3. Total employees (D + E) 400 397 99.25 3 0.75
WORKERS
4. Permanent (F) 78 78 100 NIL NIL
5. Other than Permanent (G) 235 235 100 NIL NIL
6. Total workers (F + G) 313 313 100 NIL NIL
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40[th] Annual Report 2023-2024

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b. Differently abled Employees and workers:

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Sr. Particulars Total Male Female
No. (A) No. % No. %
(B) (B / A) (C) (C / A)
DIFFERENTLY ABLED EMPLOYEES
1. Permanent (D) 1 1 100 NIL NIL
2. Other than Permanent (E) NIL NIL NIL NIL NIL
3. Total differently abled employees 1 1 100 NIL NIL
(D + E)
DIFFERENTLY ABLED WORKERS
4. Permanent (F) NIL NIL NIL NIL NIL
5. Other than Permanent (G) NIL NIL NIL NIL NIL
6. Total differently abled workers NIL NIL NIL NIL NIL
(F + G)
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Participation / Inclusion / Representation of women

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Total (A) No. and percentage of Females
No. (B) % (B / A)
Board of Directors 7 1 14.29
Key Management Personnel () 4 0 0
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(*) Includes Managing Director, Executive Directors, CFO, Company Secretary
20 Turnover rate for permanent employees and workers (Disclose trends for the past 3 years)

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FY 2023-24 FY 2022-23 FY 2021-22
(Turnover rate in current (Turnover rate in previous (Turnover rate in the year
FY) FY) prior to the previous FY)
Male Female Total Male Female Total Male Female Total
Permanent Employees 23.42 0.53 23.95 19.83 0 19.83 20.35 0 20.35
Permanent Workers 7.36 0 7.36 5.56 0 5.56 8.16 0 8.16
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Holding, Subsidiary and Associate Companies (including joint ventures)

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

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Sr. Name of the holding / Indicate whether holding/ % of shares held by Does the entity indicated
No. subsidiary / associate Subsidiary/ Associate/ listed entity at column A; participate
companies / joint Joint Venture in the Business
ventures (A) Responsibility initiatives
of the listed entity?
(Yes/No)
1. Bhansali Nippon A&L Joint Venture Company 50 Yes
Private Limited
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40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

CSR Details

(i) Whether CSR is applicable as per Section 135 of Companies Act, 2013: (Yes/No): Yes
(ii) Turnover (in ) : 1,22,173.60 lakhs
(iii) Net worth (in ) As on 31[st] March, 2024: 92,137.97 lakhs

Transparency and Disclosures Compliances

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

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Stakeholder Grievance FY 2023-24 FY 2022-23
group from whom Redressal Current Financial Year Previous Financial Year
complaint is Mechanism Number of Number of Remarks Number of Number of Remarks
received in Place
complaints complaints complaints complaints
(Yes/No)
filed during pending filed during pending
(If Yes, then the year resolution the year resolution
provide at close of at close of
web-link for
the year the year
grievance
redress
policy)
Communities Yes NIL NIL Not Applicable NIL NIL Not Applicable
Investors (other Yes NIL NIL Not Applicable NIL NIL Not Applicable
than shareholders)
Shareholders Yes 31 NIL Not Applicable 11 NIL Not Applicable
Employees and Yes NIL NIL Not Applicable NIL NIL Not Applicable
workers
Customers Yes NIL NIL Not Applicable NIL NIL Not Applicable
Value Chain Yes NIL NIL Not Applicable NIL NIL Not Applicable
Partners
Other (please NIL NIL NIL Not Applicable NIL NIL Not Applicable
specify)
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40[th] Annual Report 2023-2024

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24. 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.

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Sr. Material issue Indicate Rationale for identifying In case of risk, Financial implications
No. identified whether risk the risk / opportunity approach to adapt or of the risk or
or opportunity mitigate opportunity (Indicate
(R/O) positive or negative
implications)
1 Occupational Risk and Risk: Being in the business The Company follows effective Risk: Negative
Health Opportunity of manufacturing of ABS incident and investigation Opportunity: Positive
and Safety & SAN resins, the health procedures and CAPA
(OHS) and and safety of workforce is System. Safety meetings
Environment an inherent risk and failure are conducted at regular
Safety to comply with the safety intervals wherein plant
norms can negatively inspection, risk assessment,
impact the Company’s job safety analysis, permit
image. to work system, HAZOP
Opportunity: Robust study, Quantitative Risk
internal control mechanism Assessment, Environmental
and governance practice Impact Assessment (EIA) etc.
helps in enriching safety, are discussed for developing
overall health and appropriate remedial action
well-being, leading to plans for mitigating the risks.
productive workforce.
2 Business Ethics, Risk Risk: Non-compliance Key Managerial Personnel are Risk: Negative
Compliance, with regulatory and responsible and accountable
and Governance legal requirements may for ensuring effective, timely,
impair the Company’s and appropriate compliance
Reputation. with regulatory and legal
mandates.
The Company has a whistle
blower policy for its employees,
vendors and Channel
partners for reporting of any
unethical business practices,
encouraging culture of
openness and accountability.
Overall it rejects ‘harm doing’.
3 Waste Risk The hazardous waste Waste management practices Negative
Management should be stored safely includes segregation at
inside the premises and source, responsible disposal of
scientifically disposed hazardous waste and reducing
off through authorized / waste. Across both the plants,
approved disposal Company officials regularly
facilities to avoid/ monitor the waste generated
reduce the impact on from its operations. Waste
environment. disposal is carried out through
appropriate methods and
directed to authorised disposal
channels as per the laws and
regulations of the respective
State Pollution Boards.
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78 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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40[th] Annual Report 2023-2024

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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 National Guidelines for Responsible Business Conduct (NGRBC) Principles and Core Elements. The NGRBC as prescribed by the Ministry of Corporate Affairs advocate nine principles referred as P1-P9.

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P1 Governance with Ethics, Transparency and Businesses should conduct and govern themselves with Ethics, Transparency
Accountability and Accountability.
P2 Providing Sustainable Services Businesses should provide goods and services that are safe and contribute
to sustainability throughout their life cycle.
P3 Promote Employees’ Well-being Businesses should promote the wellbeing of all employees.
P4 Stakeholder Engagement Businesses should respect the interests of, and be responsive towards all
stakeholders, especially those who are disadvantaged, vulnerable and
marginalized.
P5 Promote Human Rights Businesses should respect and promote human rights.
P6 Reducing Environmental Impact Businesses should respect, protect, and make efforts to restore the
environment.
P7 Responsible Policy Advocacy Businesses, when engaged in influencing public and regulatory policy, should
do so in a responsible manner.
P8 Inclusive Growth & Equitable Development Businesses should support inclusive growth and equitable development.
P9 Providing Value to Customers Businesses should engage with and provide value to their customers and
consumers in a responsible manner.
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Disclosure Questions P P P P P P P P P
1 2 3 4 5 6 7 8 9
Policy and management processes
1. a. Whether your entity’s policy/policies cover each principle and Yes Yes Yes Yes Yes Yes Yes Yes Yes
its core elements of the NGRBCs. (Yes/No)
b. Has the policy been approved by the Board? (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes
c. Web Link of the Policies, if available https://www.bhansaliabs.com/policies
2. Whether the entity has translated the policy into procedures. Yes, wherever required.
(Yes / No)
3. Do the enlisted policies extend to your value chain partners? No No No No No No No No No
(Yes/No)
4. Name of the national and international codes/certifications/labels/ Most of the principles are covered by our Code of Conduct
standards (e.g. Forest Stewardship Council, Fair trade, Rainforest which is in line with national and international standards
Alliance, Trustee) standards (e.g. SA 8000, OHSAS, ISO, BIS) and practices.
adopted by your entity and mapped to each principle.
The Company has ISO 9001-2015 certification (Quality
Management Certificate) for its Manufacturing units.
Further, Company has obtained accreditation under the
BIS Certification for ABS Grades as per IS 17077 (Part
1):2022 and implemented all relevant standards and
norms in compliance with the same.
-
5. Specific commitments, goals and targets set by the entity with
defined timelines, if any.
-
6. Performance of the entity against the specific commitments, goals
and targets along-with reasons in case the same are not met.
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80 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Governance, Leadership and Oversight

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Disclosure Questions P P P P P P P P P
1 2 3 4 5 6 7 8 9
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Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements (listed entity has flexibility regarding the placement of this disclosure)
Global warming and climate change are seen as global concern. Adapting to and mitigating its impact and ensuring inclusive growth and transitioning to a sustainable economy have emerged as major issues. In order to mitigate negative impact and build a sustainable economy, organizations across the world are adopting stringent measures.

In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with financial reporting and helps companies make better sustainable investment choices based on quantifiable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-financial business risks and opportunities.

In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.	In India, SEBI has introduced and mandated a Business Responsibility and Sustainability (BRSR) framework for the top 1000 listed companies from FY 2022-23. The objective of the new format is to ensure that sustainability reporting is at par with fnancial reporting and helps companies make better sustainable investment choices based on quantifable matrices. It provides an avenue for companies and global audience at large to gain deeper insights into their non-fnancial business risks and opportunities.
On the governance front, the Management and the Board are involved in active review of the Company’s ESG performance on a regular basis. The Company periodically reassesses its key policies. The Company strives to continue its business operations across the value chain in an ethical, responsible and sustainable manner.
8. Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies).	Name: Mr. Babulal M. Bhansali Designation: Chairman & Managing Director DIN: 00102930
9. Does the entity have a specifed Committee of the Board/ Director responsible for decision making on sustainability related issues? (Yes / No). If yes, provide details.	Yes, the Company has a Board level Safety, Health and Environment (‘SHE’) Committee. This Committee provides valuable direction and guidance to the Management to ensure that Safety and Sustainability implications are duly addressed in all- new strategic initiatives, audit actions and improvement plans. This BRSR is a testimony of the Company’s commitment to sustainability in all its dimensions and the Company will endeavour to strengthen it on a continuing basis. The Managing Director is responsible for decision making on Sustainability related issues.
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	As a practice, Business Responsibility policies of the Company are reviewed periodically or on a need basis by Senior Leadership Team including Managing Director & Executive Director. During the assessment, the effcacy of the policies is reviewed and necessary changes to policies andprocedures are implemented.
Compliance with statutory requirements of relevance to the principles, and, rectifcation of any non-compliances	The Company is in compliance with the existing regulations as applicable and a Statutory Compliance Certifcate on applicable laws is provided by the Managing Director & Executive Director cum Chief Financial Offcer / Company Secretary to the Board of Directors.

40[th] Annual Report 2023-2024

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Disclosure Questions P P P P P P P P P
1 2 3 4 5 6 7 8 9
11. Has the entity carried out independent assessment/ The Company conducts periodic review of the charters, policies
evaluation of the working of its policies by an external internally by the Senior Management and Board Committees
agency? (Yes/No). If yes, provide name of the agency. which then drives the policies, projects and performance of the
aspects of business responsibility and sustainability.
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If answer to question (1) above is “No”, i.e. not all Principles are covered by a policy, reasons to be stated:

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Disclosure Questions P P P P P P P P P
1 2 3 4 5 6 7 8 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)
All principles are covered by policies
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)
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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 categorized 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

Essential Indicators

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

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Segment Total Topics / principles covered under the % age of
number of training and its impact persons in
training and respective
awareness category
programmes covered by
held the awareness
programmes
Board of Directors (BoD) 1 Business, strategy, risk, update of laws, 100
Principles of Corporate Governance
Key Managerial Personnel (KMP) 1 Business, strategy, risk, update of laws, 100
Principles of Corporate Governance
Employees other than BoD and KMPs 12 Induction Training, business ethics and values 100
Workers 12 Induction Training, business ethics and values 100
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82 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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):

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Monetary
NGRBC Principle Name of the Amount Brief of Has an appeal
regulatory/ (In INR) the Case been preferred?
enforcement (Yes/No)
agencies/
judicial
institutions
Penalty / Fine
Settlement Nil
Compounding fee
Non-Monetary
NGRBC Name of the Brief of Has an appeal
Principle regulatory/ the Case been preferred?
enforcement (Yes/No)
agencies/
judicial
institutions
Imprisonment
Nil
Punishment
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Of the instances disclosed in Question 2 above, details of the Appeal/ Revision preferred in cases where monetary or nonmonetary action has been appealed.

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Case Details Name of the regulatory/ enforcement agencies/ judicial institutions
Not Applicable Not Applicable
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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, The Company has ‘zero tolerance’ of any practice that may be classified as corruption, bribery or giving or receipt of bribes and the same has been mentioned in its Code of Conduct. The Web-link is https://www. bhansaliabs.com/policies
Number of Directors / KMPs/ employees/ workers against whom disciplinary action was taken by any law enforcement agency for the charges of bribery/ corruption:

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FY 2023-24 FY 2022-23
(Current Financial Year)Current Financial Year)) (Previous Financial Year)Previous Financial Year))
Directors
KMPs
Nil Nil
Employeesployeesloyeesyeesees
Workers
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40[th] Annual Report 2023-2024

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Details of complaints with regard to conflict of interest:

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FY 2023-24 FY 2022-23
(Current Financial Year) (Previous Financial Year)
Number Remarks Number Remarks
Number of complaints received in relation to
issues of Conflict of Interest of the Directors
NIL NA NIL NA
Number of complaints received in relation to
issues of Conflict of Interest of the KMPs
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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. – No such instances .

Leadership Indicators

Awareness programmes conducted for value chain partners on any of the Principles during the financial year:

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Total number of awareness Topics/Principles covered under the %age of value chain partners
programmes held training covered (by value of business
done with such partners) under
the awareness programmes
NIL NIL NIL
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Does the entity have processes in place to avoid/ manage conflict of interests involving members of the Board? (Yes/No) If Yes, provide details of the same. – The Company has processes on avoidance / management of conflict of interests involving members of the Board which may arise due to Directors joining the Boards of other companies and even conflicts which would take place during the course of normal business activities. The process allows the Directors to recuse themselves from the discussions pertaining to the matters which could result in conflict of interest. The Directors have to exercise their responsibilities in a bonafide manner in the interest of the Company, should not allow any extraneous considerations that may vitiate their exercise of objective independent judgment in the paramount interest of the Company and not abuse their position to the detriment of the Company for the purpose of gaining direct or indirect personal advantage. Any conflict of interest arising with the Board Members needs to be reported to the Chairman of the Audit Committee /Chairman of the Board.

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

Essential Indicators

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.

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Current Financial Previous Financial Details of improvements in environmental and social
Year Year impacts
R&D 71.21 lakhs (100%) 97.92 lakhs (100%) All R&D Investments are focused at sustainable
technologies and application development enabling
customers in Automobiles, Home appliances and electrical
industry to improve fuel efficiency, energy storage devices,
human health and well-being from sustainable sources.
Capex Nil 28.29 lakhs (5.66%) Refer Point 6 of Leadership Indicator of Principle 6
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84 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

a. Does the entity have procedures in place for sustainable sourcing? (Yes/No) - The Company has a procedure for sustainable sourcing where all the new and existing supply chain partners are mandatorily evaluated on environment, health & safety and sustainability parameters before on-boarding. The key raw material viz. ‘Styrene’ and ‘Acrylonitrile Monomers’ are import dependent (as there is no indigenous producer for these monomers). The only raw material which is indigenously available is Butadiene monomer, which constitutes 15 per cent of the total raw material consumption. Majority of the key raw material is sourced sustainably. The Company follows sustainable approach for ensuring optimum utilization of its resources.
b. If yes, what percentage of inputs were sourced sustainably? – All key raw materials are sustainably sourced .
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. The Company’s manufacturing plants are governed by the Consent to Operate and authorisation under the Hazardous Waste Management Rules. Under these Rules / Regulations, the Company has declared all its waste. All the wastes generated are handed over to disposal service providers who are authorised to do so by State Pollution Control Board, ensuring that the waste is properly disposed off.
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. – The Company manufactures products which are intermediate products (input materials) for our customers who in turn finally produce the finished products. Therefore, these products packaging materials becomes pre-consumer plastic waste to our customers who recycle it. The Company is recycling all waste packaging material through WMA (Waste Management Agencies) via certified recyclers as per waste collection plan submitted to Central Pollution Control Board (‘CPCB’).

Leadership Indicators

Has the entity conducted Life Cycle Perspective / Assessments (LCA) for any of its products (for manufacturing industry) or for its services (for service industry)? If yes, provide details in the following format? No

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NIC Code Name of Product % of total Boundary Whether Results
/ Service Turnover for which the conducted by communicated
contributed Life Cycle independent in public domain
Perspective / external agency (Yes/No)
Assessment was (Yes/No) If yes, provide
conducted the web-link.
Not Applicable
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If there are any significant social or environmental concerns and / or risks arising from production or disposal of your products / services, as identified in the Life Cycle Perspective / Assessments (LCA) or through any other means, briefly describe the same along-with action taken to mitigate the same.

Name of Product / Service	Description of the risk / concern	Action taken
Not Applicable

Percentage of recycled or reused input material to total material (by value) used in production (for manufacturing industry) or providing services (for service industry).

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Indicate input material Recycled or re-used input material to total material
FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
NIL NIL NIL
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40[th] Annual Report 2023-2024

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Of the products and packaging reclaimed at end of life of products, amount (in metric tonnes) reused, recycled, and safely disposed, as per the following format:

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FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Re-Used Recycled Safely Re-Used Recycled Safely
Disposed Disposed
Plastics NIL NIL NIL NIL NIL NIL
(including packaging)
E-waste NIL NIL NIL NIL NIL NIL
Hazardous waste NIL NIL NIL NIL NIL NIL
Other waste NIL NIL NIL NIL NIL NIL
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Reclaimed products and their packaging materials (as percentage of products sold) for each product category.

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Indicate Product Category Reclaimed products and their packaging materials as
% of total products sold in respective category
NIL NIL
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PRINCIPLE 3 Businesses should respect and promote the well-being of all employees, including those in their value chains

Essential Indicators

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

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Category % of Employees covered by
Total Health Accident Maternity Paternity Day Care
(A) Insurance Insurance Benefits Benefits Facilities
No. (B) % No. (C) % No. (D) % No. (E) % No. (F) %
(B / A) (C / A) (D / A) (E / A) (F / A)
Permanent Employees
Male 397 NIL NIL 397 100 NA NA NA NA NA NA
Female 3 NIL NIL 3 100 3 100 NA NA NA NA
Total 400 NIL NIL 400 100 3 0.75 NA NA NA NA
Other than Permanent Employees
Male NIL NIL NIL NIL NIL NA NA NA NA NA NA
Female NIL NIL NIL NIL NIL NA NA NA NA NA NA
Total NIL NIL NIL NIL NIL NA NA NA NA NA NA
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86 40[th] Annual Report 2023-2024

STATUTORY REPORT FINANCIALS STATEMENT

CORPORATE OVERVIEW

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

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Category % of Workers covered by
Total Health Accident Maternity Paternity Day Care
(A) Insurance Insurance Benefits Benefits Facilities
No. % No. % No. % No. % No. %
(B) (B / A) (C) (C / A) (D) (D / A) (E) (E / A) (F) (F / A)
Permanent Workers
Male 78 NIL NIL 78 100 NA NA NA NA NA NA
Female NIL NIL NIL NIL NIL NA NA NA NA NA NA
Total 78 NIL NIL 78 100 NA NA NA NA NA NA
Other than Permanent Workers
Male 235 NIL NIL 235 100 NA NA NA NA NA NA
Female NIL NIL NIL NIL NIL NA NA NA NA NA NA
Total 235 NIL NIL 235 100 NA NA NA NA NA NA
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Details of retirement benefits, for Current FY and Previous Financial Year.

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Benefits FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
No. of No. of Deducted and No. of No. of Deducted and
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 393 313 Yes 357 346 Yes
(98.25%) (100%) (98.90%) (100%)
Gratuity 394 78 NA 359 85 NA
(98.50%) (24.92%) (99.45%) (24.57%)
ESI NA NA NA NA NA NA
Others – 2 NA NA 2 NA NA
Superannuation fund (0.50%) (0.55%)
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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. Yes, the Company’s plants and offices are accessible to differently abled employees.

Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016? If so, provide a weblink to the policy. Yes, the Company’s policy on hiring does not discriminate against persons with disabilities.
Return to work and Retention rates of permanent employees and workers that took parental leave.

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Gender Permanent employees Permanent workers
Return to work rate Retention rate Return to work rate Retention rate
Male NA NA NA NA
Female NA NA NA NA
Total NA NA NA NA
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40[th] Annual Report 2023-2024

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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.

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Yes/No
(If Yes, then give details of the mechanism in brief)
Permanent Workers Yes, Grievance(s) by employees and workers need to be submitted
Other than Permanent Workers to their supervisor who would take appropriate action to resolve the
grievance(s) within 48 hours of its receipt. Supervisor to forward the
Permanent Employees unresolved grievance to Head of Department (HOD) within 72 hours of
Other than Permanent Employees its receipt. HOD investigates the matter and takes suitable action (in
coordination with the Human Resource Team) within 4 days of receipt
of such grievance. The grievance remaining unresolved at this level
is forwarded to the unit head. Further, Unresolved grievance, if any, is
escalated to the KMP for final resolution .
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Membership of employees and worker in association(s) or Unions recognised by the listed entity:

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Category FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total No. of % Total No. of %
employees employees (B / A) employees employees (D / C)
/ workers in / workers in / workers in / workers in
respective respective respective respective
category category, who category category, who
(A) are part of (C) are part of
association(s) association(s)
or Union or Union
(B) (D)
Total Permanent 400 NIL NIL 361 NIL NIL
Employees
Male 397 NIL NIL 357 NIL NIL
Female 3 NIL NIL 4 NIL NIL
Total Permanent 78 78 100 85 85 100
Workers
Male 78 78 100 85 85 100
Female NIL NIL NIL NIL NIL NIL
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88 40[th] Annual Report 2023-2024

STATUTORY REPORT FINANCIALS STATEMENT

CORPORATE OVERVIEW

Details of training given to employees and workers:

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Category FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total On Health and On Skill up Total On Health and On Skill up
(A) safety measures gradation (D) safety measures gradation
No. % No. % No. % No. %
(B) (B / A) (C) (C / A) (E) (E / D) (F) (F / D)
Employees
Male 397 397 100 397 100 357 357 100 299 83.76
Female 3 3 100 3 100 4 4 100 4 100
Total 400 400 100 400 100 361 361 100 303 83.94
Workers
Male 78 78 100 78 100 85 85 100 85 100
Female NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total 78 78 100 78 100 85 85 100 85 100
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Details of performance and career development reviews of employees and worker:

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Category FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total (A) No. (B) % (B / A) Total ( C) No.(D) % (D / C)
Employees
Male 397 397 100 357 357 100
Female 3 3 100 4 4 100
Workers
Male 78 78 100 85 85 100
Female NIL NIL NIL NIL NIL NIL
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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, the Company has implemented occupational health and Safety Management System, which covers activities across both the manufacturing plants, offices, research laboratories and ensuring the protection of environment and health & safety of its employees, contractors, visitors and relevant stakeholders .
b. What are the processes used to identify work-related hazards and assess risks on a routine and non-routine basis by the entity?

The Company has a process for Risk Management which is essential for preventing incidents, injuries, occupational disease, emergency control & prevention and business continuity. Considering the hazards associated with operations and hazardous chemicals used, sites have deployed structured Hazard Assessment, Risk Assessment and Management Process – both qualitative and quantitative which is regularly reviewed and mitigation plans are put in place for high-risk areas. The process also considers roles and responsibilities, monitoring control measures, competency training and awareness of individuals associated with such activities. Formal risk assessment training has been provided as appropriate.

For all activities including routine or non-routine (permit / project activities) hazards are identified by a trained cross-functional team and risk assessment and management is done through Hazard Identification and Risk Assessment (HIRA)/ Job Safety Analysis (JSA)/ Standard Operating Procedure (SOP) which is referred

40[th] Annual Report 2023-2024

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before starting any activity. The Company has procedures for process safety and functional safety. Identified hazards and associated risks are addressed through operational control measures using hierarchy of control approach. Techniques like Process Hazard Analysis (PHA), what-if-analysis, Failure Mode Effect Analysis (FMEA) are carried out on a case-to-case basis. On a day-to-day basis unsafe conditions and hazards are also identified by employees and reported. It is also extended to contractors working on sites to ensure their concerns are captured. The closure of same is tracked to ensure risk control at workplace.

Storing and handling of toxic chemicals like ammonia, chlorine, flammable materials like fuel, etc. are identified as the major process hazards at the site for which the Company has carried out Quantitative Risk Assessment; HAZOP study and engineering review by external / internal experts as appropriate. Safety Management System is internally assessed on routine basis and externally assessed by competent consultants / Experts from time to time and the suggestions/ observations are reviewed and implemented.

c. Whether you have processes for workers to report the work related hazards and to remove themselves from such risks. (Y/N) Yes, we encourage our employees to report near-miss incidents identified through various modes, which is analysed by the Safety Committee. All sites have specific procedure for reporting of work-related hazard, injuries, unsafe condition and unsafe act.
d. Do the employees/ worker of the entity have access to non-occupational medical and healthcare services? (Yes/ No) - Yes
Details of safety related incidents, in the following format:

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Safety Incident / Number Category FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
Lost Time Injury Frequency Rate (LTIFR) Employees NIL NIL
(per one million-person hours worked) Workers NIL NIL
Total recordable work-related injuries Employees NIL NIL
Workers NIL NIL
No. of fatalities Employees NIL NIL
Workers NIL NIL
High consequence work-related injury or ill-health Employees NIL NIL
(excluding fatalities) Workers NIL NIL
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Describe the measures taken by the entity to ensure a safe and healthy work place. – The Company believes in providing healthy and safe working environment to its employees and workers. The Company follows effective incident and investigation procedures and CAPA System. In order to ensure healthy work place, following measures were taken:
New Fire Siren Installed near switchyard for covering switchyard & DG house area in case of emergency. Fire Alarming system improved.
New Earthing unloading relay provided at Oleic acid storage to ensure safe unloading of material, which eliminates static discharge accidents during unloading.
As part of safety improvement Thermo siphon System installed with pressure and level indication display on SCADA for SPS Reactor Mechanical Seal.
Convex Mirrors and Reflective signage board installed at various locations on Road for safety.
Engaged competent agency M/s. Bureau Veritas India Pvt. Ltd for conducting detailed Fire Safety Audit and Electrical Safety Audit to ensure improved plant safety.
Plant safety meetings are conducted at regular intervals wherein plant inspection, risk assessment, work method statement, job safety analysis, toolbox talk, HAZOP & permit to work system are discussed on regular basis.

90 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

As per the systems being implemented, employees are expected to report all accidents, incidents, near miss and even unsafe conditions /unsafe acts at workplace. All such cases are adequately investigated and preventive / corrective actions are taken. As per the safety norms practiced, training is provided to all categories of employees. Best practices like Risk assessment, Workplace exposure measurement, regular medical check-ups, accident / incident reporting etc., along with process safety practices like Safety Health and Environment reviews and Pre Safety Start up Reviews (PSSR) helps in keeping the employees safe and healthy at workplace. In order to mitigate any unforeseen eventualities, adequate emergency preparedness is put in place.

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

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Assessments for the year:

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% of your plants and offices that were assessed (by entity or statutory
authorities or third parties)
Health and Safety Practices 100% - Plant Safety Audit & Electrical Safety audit are being conducted
by Bureau Veritas India Private Limited
Working Conditions 100% - Safety inspection is being conducted by Competent person at
company’s plants and offices
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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.- The Company also shares best practices across both the plants for prevention of injuries / incidents and ensures safety improvements as well as takes several steps to prevent accidents at workplace such as:
Implementation of control measures to reduce the risk of workplace accidents
Periodically review the Policies and Procedures
Performing regular inspections
Implementation of Corrective and Preventive Actions (CAPA)
Hold regular trainings
Job roles and responsibilities including those on Safety are documented for all employees
Providing suitable PPEs
Behavioral-based safety observation round
Comprehensive process for Emergency Preparedness, Response and Crisis Management
Risk Management for preventing incidents, injuries, occupational disease, emergency control and prevention and business continuity

Observations / concerns, if any, pointed by the auditors are discussed in detail and appropriate actions are immediately taken. There are no significant risks / concerns arising from assessments of health & safety practices and working conditions.

Leadership Indicators

Does the entity extend any life insurance or any compensatory package in the event of death of (A) Employees (Y/N) (B) Workers (Y/N). Yes, the Company has in place the Group Accident Policy and the Workmen Compensation Policy.

40[th] Annual Report 2023-2024

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Provide the measures undertaken by the entity to ensure that statutory dues have been deducted and deposited by the value chain partners . The Company monitors remittance of statutory dues by value chain partners as part of processing their bills on a regular basis with periodic audits .
Provide the number of employees / workers having suffered high consequence work-related injury / ill-health / fatalities (as reported in Q11 of Essential Indicators above), who have been are rehabilitated and placed in suitable employment or whose family members have been placed in suitable employment:

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Total no. of affected employees / workers No. of employees / workers that are
rehabilitated and placed in suitable
employment or whose family members
have been placed in suitable employment
FY 2023-24 FY 2022-23 FY 2023-24 FY 2022-23
Current Previous Current Previous
Financial Year Financial Year Financial Year Financial Year
Employees NIL NIL NIL NIL
Workers NIL NIL NIL NIL
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Does the entity provide transition assistance programs to facilitate continued employability and the management of career endings resulting from retirement or termination of employment? (Yes/ No) - Yes, subject to conditions, the Company provides assistance as and when required .
Details on assessment of value chain partners:

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% of value chain partners (by value of business
done with such partners) that were assessed
Health and safety practices NIL
Working conditions NIL
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Provide details of any corrective actions taken or underway to address significant risks / concerns arising from assessments of health and safety practices and working conditions of value chain partners. No such assessment was performed .

92 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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

Describe the processes for identifying key stakeholder groups of the entity. The Company identifies stakeholder groups or institutions which help in value addition / positive impact on its business performance through internal processes. Employees, workers, shareholders, investors, customers, and communities etc. are inter-alia some of the identified stakeholders group which impacts the business operations.
List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group.

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Stakeholder Group Whether identified Channels of Frequency of Purpose and scope
as Vulnerable & communication engagement of engagement
Marginalized Group (Email, SMS, (Annually/ Half including key topics
(Yes/No) Newspaper, yearly/ Quarterly and concerns
Pamphlets, / others – please raised during such
Advertisement, specify) engagement
Community
Meetings, Notice
Board, Website),
Other
Employees and No Emails, Internal Regular Updating on safety
Worker Communication and health related
platforms, Notice issues, key initiatives
Board undertaken by the
Company, business
performance,
career growth
& professional
development etc.
Shareholders/ No Email, newspaper, Real Time, Annual, Understanding
Investors Advertisements, periodic their needs and
Annual General expectations which
Meeting, Postal are material to the
Ballot, Website Company. Key
topics include
company’s financial
performance,
Business updates,
ESG performance
etc.
Communities Yes On site community As and when Initiatives for the
meetings, Direct required betterment of society
engagement at large (Focusing on
and through education etc.).
the Company’s
CSR project
implementation
partners
Customers & No Email, SMS, Website Regular Engaging with
Suppliers customers and
seeking feedback.
Ensuring that quality
raw materials
are procured at
competitive prices.
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Leadership Indicators

Provide the processes for consultation between stakeholders and the Board on economic, environmental, and social topics or if consultation is delegated, how is feedback from such consultations provided to the Board. The Company has set up various committees viz. CSR Committee, Stakeholder’s Relationship Committee, Safety Health and Environment Committee etc. The CSR Committee is a committee constituted by the Board and is chaired by an Independent Director. The Risk Management Committee is constituted by the Board and is chaired by an Independent Director. The Stakeholders’ Relationship Committee is constituted by the Board and is chaired by an Independent Director. As per their respective terms of reference, the various Committees meet periodically to review the performance of the Company in various areas and the same is reported to the Board from time to time.
Whether stakeholder consultation is used to support the identification and management of environmental, and social topics (Yes / No). If so, provide details of instances as to how the inputs received from stakeholders on these topics were incorporated into policies and activities of the entity. Yes, outcome of the stakeholder engagement is analysed to identify the concern(s) on sustainability for the Company. Based on the concern(s), strategy(ies), if required, are formulated, objectives and goal setting with monitoring mechanism are developed and implemented.
Provide details of instances of engagement with, and actions taken to; address the concerns of vulnerable/ marginalized stakeholder groups. The Company believes in a fair and non-discriminatory treatment to all stakeholder needs and concerns.

PRINCIPLE 5 Businesses should respect and promote human rights

Essential Indicators

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

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Category FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total No. of % Total No. of %
(A) Employees (B/A) (C) Employees (D/C)
/Workers /Workers
covered covered
(B) (D)
Employees
Permanent 400 400 100 361 361 100
Other than permanent NIL NIL NIL NIL NIL NIL
Total Employees 400 400 100 361 361 100
Workers
Permanent 78 78 100 85 85 100
Other than permanent 235 NIL NIL 261 NIL NIL
Total Workers 313 78 24.92 346 85 24.57
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94 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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

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Category FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total Equal to More than Total Equal to More than
(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 397 NIL NIL 397 100 357 NIL NIL 357 100
Female 3 NIL NIL 3 100 4 NIL NIL 4 100
Other than Permanent
Male NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
Female NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total 400 NIL NIL 400 100 361 NIL NIL 361 100
Workers
Permanent
Male 78 NIL NIL 78 100 85 NIL NIL 85 100
Female 0 NIL NIL NIL NIL NIL NIL NIL NIL NIL
Other than Permanent
Male 235 235 100 NIL NIL 261 261 100 NIL NIL
Female 0 NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total 313 235 75.07 78 24.92 346 261 75.43 85 24.57
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Details of remuneration/ salary/ wages, in the following format

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Male Female
Number Median Number Median
remuneration/ remuneration/
salary/ wages salary/ wages
of respective of respective
category category
Board of Directors (BoD) 6 6.70 lakhs P.A 1 2.40 lakhs P.A
Key Managerial Personnel 3 1,213.47 lakhs P.A 0 NA
Employees other than BoD and KMP 394 3.49 lakhs P.A 3 3.48 lakhs P.A
Workers 78 3.64 lakhs P.A NA NA
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Employees as of 31[st] March, 2024 has been considered for the above calculations.

Do you have a focal point (Individual/ Committee) responsible for addressing human rights impacts or issues caused or contributed to by the business? YES
Describe the internal mechanisms in place to redress grievances related to human rights issues – The mechanism to redress grievances under human rights is same as for other grievances. The grievances are addressed as and when received by the respective Plant Heads /Project Managers / Head of Department in coordination with Human Resource Department. All the grievances received are duly investigated and appropriate actions are taken to resolve the issue /complaint. Whenever required, disciplinary actions are initiated as deemed fit and assistance, if required, is sought from regulatory authority.

40[th] Annual Report 2023-2024

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

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FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Filed during Pending Remarks Filed during Pending Remarks
the year resolution the year resolution
at the end of at the end of
the year the year
Sexual Harassment NIL NIL NA NIL NIL NA
Discrimination at NIL NIL NA NIL NIL NA
Workplace
Child Labour NIL NIL NA NIL NIL NA
Forced Labour / NIL NIL NA NIL NIL NA
Involuntary Labour
Wages NIL NIL NA NIL NIL NA
Other human rights NIL NIL NA NIL NIL NA
related issues
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Mechanism to prevent adverse consequences to the complainant in discrimination and harassment cases - The Company has a Whistle Blower Policy wherein the employees report, without fear of retaliation, any wrong practices, unethical behaviour or noncompliance which may have a detrimental effect on the organisation, including financial damage and impact on Company’s reputation. Also, the Code of Conduct of the Company requires employees to behave responsibly in their action and conduct. The Company gives prime importance to the dignity and respect of its employees irrespective of their gender or hierarchy and expects responsible conduct and behaviour on the part of employees at all levels. There is an Internal Committee constituted by the Company to address complaints related to sexual harassment.
Do human rights requirements form part of your business agreements and contracts? Yes, the Company has included compliance with human rights requirements as a part of its standard terms and conditions of its Agreements / Contracts entered into with the Suppliers and Customers.
Assessments for the year:

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% of your plants and offices that were assessed
(by entity or statutory authorities or third parties)
Child Labour NIL
Forced/involuntary labour NIL
Sexual harassment NIL
Discrimination at workplace NIL
Wages NIL
Others – please specify -
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Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 9 above – Not Applicable

96 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Leadership Indicators

Details of a business process being modified / introduced as a result of addressing human rights grievances/complaints - Not Applicable as there have been no grievances / complaints of human rights violation received by the Company .
Details of the scope and coverage of any Human rights due-diligence conducted - The Company has not conducted any human rights due-diligence during FY 2023-24.
Is the premise/office of the entity accessible to differently abled visitors, as per the requirements of the Rights of Persons with Disabilities Act, 2016 - The Company’s offices are accessible to differently abled visitors, in line with the requirements under the Rights of Persons with Disabilities Act, 2016 .
Details on assessment of value chain partners:

% of value chain partners (by value of business done with such partners) that were assessed Sexual Harassment Discrimination at workplace Child Labour Currently, this is not being assessed. Forced Labour/Involuntary Labour Wages Others – please specify

Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 4 above – Not Applicable

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

Essential Indicators

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

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Parameter FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total electricity consumption (A) 122756612 MJ 118669100 MJ
Total fuel (HSD) consumption (B) 4696407 MJ 3416957 MJ
Total fuel (LSHS) consumption (c) 66861287 MJ 65751745 MJ
Energy consumption through other sources (Coal) (D) 129101808 MJ 125065600 MJ
Total energy consumption (A+B+C+D) 323416114 MJ 312903402 MJ
Energy intensity per rupee of turnover 0.0265 0.0230
(Total energy consumption/ turnover in rupees)
- -
Energy intensity (optional) – the relevant metric may be selected by
the entity
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Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency- No

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 - The Company does not have any sites / facilities identified as designated consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India .

40[th] Annual Report 2023-2024

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

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Parameter FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
Water withdrawal by source (in kilolitres)
(i) Surface water (River Water) 1,44,000 1,44,000
(ii) Ground water 1,24,415 87,166
(iii) Third party water Nil NIL
(iv) Seawater / desalinated water Nil NIL
(v) Others Nil NIL
Total volume of water withdrawal (in kilolitres) (i + ii + iii + iv + v) 2,68,415 2,31,166
Total volume of water consumption (in kilolitres) 2,68,415 2,31,166
Water intensity per rupee of turnover (Water consumed / turnover) 2.197 KL / Lakh 1.697 KL/Lakh
Water intensity (optional) – the relevant metric may be selected by the entity - -
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The Company has installed DWLR – Digital Ground Water Level recorder & Digital Flow meters with Telemetry for effectively monitoring of ground level water as per Central Ground Water Authority (CGWA) guidelines

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? The Company has not conducted any independent assessment / evaluation by any external agency .

Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage and implementation - Yes, the Company has implemented a mechanism for Zero Liquid Discharge. (i) New Sewage Treatment Plant of 25KLD was installed at Abu Road plant and treated water is used for gardening / horticulture. (ii) The waste water generated at both the Plants is treated in the Effluent Treatment Plant (ETP) and the treated water is used for development of green belt and gardening purpose, resulting in ‘Zero Discharge’. (iii) New pipeline has been installed for reuse of excess water from high pressure water jet cleaning machine; (iv) New Green Belt water distribution line has been installed at corridor and Boiler area for better growth of plantation; Zero Liquid Discharge will also be considered in upcoming Brown Field expansion project.
Please provide details of air emissions (other than GHG emissions) by the entity, in the following format: (Satnoor Plant)

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Parameter Please specify unit FY 202324 FY 2022-23
Current Previous
Financial Year Financial Year
NOx µg/m3 20.79 µg/m3 25.1 µg/m3
SOx µg/m3 10.65 µg/m3 40.97 µg/m3
Particulate Matter (PM) (less than 10 micron) µg/m3 55.41 µg/m3 68.35 µg/m3
Persistent organic pollutants (POP) Nil Nil Nil
Volatile organic compounds (VOC) Nil Nil Nil
Hazardous air pollutants (HAP) Nil Nil Nil
Others – please specify PPM BDL Nil
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Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? – Yes, the Independent assessment has been conducted by Anacon Laboratories Pvt Ltd for Satnoor plant.

98 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Please provide details of air emissions (other than GHG emissions) by the entity, in the following format: (Abu Road Plant)

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Parameter Please specify unit FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
NOx µg/m3 16.2 µg/m3 13.9 µg/m3
SOx µg/m3 8.8 µg/m3 7.1 µg/m3
Particulate Matter (PM) (less than 10 micron) µg/m3 70.9 µg/m3 60.3 µg/m3
Persistent organic pollutants (POP) Nil Nil Nil
Volatile organic compounds (VOC) Nil Nil Nil
Hazardous air pollutants (HAP) Nil Nil Nil
Others – please specify Nil Nil Nil
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Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? – Yes, the Independent assessment has been conducted by SCS Enviro Services Private Limited for Abu Road Plant .

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

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Parameter Unit FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
Total Scope 1 emissions (Break-up of the Metric tonnes of CO2 NA NA
GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, equivalent
NF3, if available)
Total Scope 2 emissions Metric tonnes of CO2 NA NA
(Break-up of the GHG into CO2, CH4, N2O, equivalent
HFCs, PFCs, SF6, NF3, if available)
Total Scope 1 and Scope 2 emissions per NA NA
rupee of turnover
Total Scope 1 and Scope 2 emission intensity NA NA
(optional) – the relevant metric may be
selected by the entity
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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 - No

Does the entity have any project related to reducing Green House Gas emission? If Yes, then provide details.- No

40[th] Annual Report 2023-2024 99

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

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Parameter FY 2023-24 FY 2022-23
Current Financial Year Previous Financial Year
Total Waste generated (in metric tonnes)
Plastic waste (A) Nil Nil
E-waste (B) Nil 1.68 MT
Bio-medical waste (C) 0.002743 MT 0.000227 MT
Construction and demolition waste (D) Nil Nil
Battery waste (E) Nil Nil
Radioactive waste (F) - Rod type radioactive source 11 Nil
Other Hazardous waste Please specify, if any (G) Latex Sludge- 123.316 MT Latex Sludge- 118.42 MT
Lime Sludge- 275.017 MT Lime Sludge- 252.115 MT
ETP Sludge – 0.155 MT ETP Sludge – 0.189 MT
Other Non-hazardous waste generated (H). Please specify, if Spent Resin Waste- Nil Spent Resin Waste-1.09 MT
any. (Break-up by composition i.e. by materials relevant to the Oily Racks- 0.04 MT Oily Racks- 0.34 MT
sector) Spent Oil- 0.15 MT Spent Oil- 0.5 MT
Total (A+B + C + D + E + F + G + H) 398.680 MT 374.334 MT
Unit of measurement is in Number.
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 Nil Nil
(ii) Re-used Nil Nil
(iii) Other recovery operations Nil Nil
Total Nil Nil
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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- No.

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. The Company has entered into Agreement(s) with entities authorized by the State Pollution Control Board for collection, transportation, treatment, storage and disposal of hazardous /other waste through pre-processing. The disposal pathway is determined on the basis of characteristics of waste generated and as per MoEF, CPCB and SPCB rules and guidelines as issued from time to time. Further, ETP Sludge is being sent to Re-Sustainability Ltd, Udaipur for Co-processing in cement plant whereas discarded containers / barrels are being reused in process or sold to the authorized recyclers. New electrical batteries are procured under buy- back scheme from the authorised dealers and OEMs;

100 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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:

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S. Location of operations/ Type of Whether the conditions of environmental approval / clearance
No. offices operations are being complied with? (Y/N)
If no, the reasons thereof and corrective action taken, if any.
1 Abu Road (Forest NOC) Petrochemical Environment Clearance and approvals are required from Ministry of
2 Abu Road (Wildlife NOC) Plant Environment, Forest and Climate Change (for Satnoor Plant) and
State Level Environment Assessment Authority, Rajasthan (for Abu
3 Satnoor (Forest NOC)
Road Plant). The Company has received the aforesaid Environment
4 Satnoor (Wildlife NOC) Clearance (EC) and are available on the website of the Company
Further, Six monthly Environmental Clearance compliance report is
being submitted to MOEF for 50.000 MTPA HRG Production.
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Details of environmental impact assessments of projects undertaken by the entity based on applicable laws, in the current financial year:

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Name and brief EIA Notification Date Whether conducted Results Relevant Web
details of project by independent communicated in link
No.
external agency public domain
(Yes / No) (Yes / No)
Expansion for S.O 1533 (E) 14 [th] Sept., 2006 Yes. Yes https://
manufacturing of (amended thereof) M/s. J.M. Environet parivesh.nic.in/
ABS [Acrylonitrile Pvt. Ltd. newupgrade/#/
Butadiene Styrene] trackYourProposal/
Resin From proposal-details?p
1,30,000 TPA to roposalId=SIA%2F
2,00,000 TPA & RJ%2FIND3%2F44
SAN [Styrene 0112%2F2023&pro
Acrylonitrile] Resin posal=7874737
from 7,000 TPA
To 25,000 TPA] at
Plot No. 138-143,
Ambaji Industrial
Area, Abu Road,
District Sirohi
Rajasthan
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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: Yes, the Company has ensured compliance with the applicable environmental laws, regulations, guidelines in India viz., Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment Protection Act and Rules thereunder.

S. No.	Specify the law / regulation / guidelines which was not complied with	Provide details of the non-compliance	Any fnes / penalties / action taken by regulatory agencies such as pollution control boards or by courts	Corrective action taken, if any
Not Applicable

40[th] Annual Report 2023-2024

101

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Leadership Indicators

Provide break-up of the total energy consumed (in Joules or multiples) from renewable and non-renewable sources, in the following format:

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Parameter FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
From renewable sources
Total electricity consumption (A) NIL NIL
Total fuel consumption (B) NIL NIL
Energy consumption through other sources (C) NIL NIL
Total energy consumed from renewable sources (A+B+C) NIL NIL
From non-renewable sources
Total electricity consumption (D) 122756612 MJ 118669100 MJ
Total fuel consumption (E) 71557694 MJ 69168702 MJ
Energy consumption through other sources (F) 129101808 MJ 125065600 MJ
Total energy consumed from non-renewable sources (D+E+F) 323416114 MJ 312903402 MJ
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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 - No

Provide the following details related to water discharged:

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Parameter FY 2023-24 FY 2022-23
Current Financial Previous Financial
Year Year
Water discharge by destination and level of treatment (in kilolitres)
(i) To Surface water
– No treatment NIL NIL
– With treatment – please specify level of treatment NIL NIL
(ii) To Groundwater
– No treatment NIL NIL
– With treatment – please specify level of treatment NIL NIL
(iii) To Seawater
– No treatment NIL NIL
– With treatment – please specify level of treatment NIL NIL
(iv) Sent to third-parties
– No treatment NIL NIL
– With treatment – please specify level of treatment NIL NIL
(v) Others
– No treatment NIL NIL
– With treatment – please specify level of treatment NIL NIL
Total water discharged (in kilolitres)
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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 - No

102 40[th] Annual Report 2023-2024

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Water withdrawal, consumption and discharge in areas of water stress (in kilolitres): Not Applicable

For each facility / plant located in areas of water stress, provide the following information: Not Applicable as neither of the Company’s plants is in areas of water stress.

(i) Name of the area
(ii) Nature of operations

(iii) Water withdrawal, consumption and discharge in the following format:

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Parameter FY 2023-24 FY 2022-23
Current Financial Previous Financial
Year Year
Water withdrawal by source (in kilolitres)
(i) Surface water NA NA
(ii) Groundwater NA NA
(iii) Third party water NA NA
(iv) Seawater / desalinated water NA NA
(v) Others NA NA
Total volume of water withdrawal (in kilolitres) NA NA
Total volume of water consumption (in kilolitres) NA NA
Water intensity per rupee of turnover (Water consumed / turnover) NA NA
Water intensity (optional) – the relevant metric may be selected by the entity NA NA
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Parameter FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
Water discharge by destination and level of treatment (in kilolitres)
(i) Into Surface water
– No treatment NA NA
– With treatment – please specify level of treatment NA NA
(ii) Into Groundwater NA NA
– No treatment NA NA
– With treatment – please specify level of treatment NA NA
(iii) Into Seawater NA NA
– No treatment NA NA
– With treatment – please specify level of treatment NA NA
(iv) Sent to third-parties NA NA
– No treatment NA NA
– With treatment – please specify level of treatment NA NA
(v) Others NA NA
– No treatment NA NA
– With treatment – please specify level of treatment NA NA
Total water discharged (in kilolitres) NA NA
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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- No

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Please provide details of total Scope 3 emissions & its intensity, in the following format:

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Parameter Unit FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
Total Scope 3 emissions Metric tonnes of NA NA
(Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs, CO2 equivalent
SF6, NF3, if available)
Total Scope 3 emissions per rupee of turnover NA NA
Total Scope 3 emission intensity (optional) – the NA NA
relevant metric may be selected by the entity
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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- No

With respect to the ecologically sensitive areas reported at Question 10 of Essential Indicators above, provide details of significant direct & indirect impact of the entity on biodiversity in such areas along-with prevention and remediation activities. Environment Clearance and approvals are required from Ministry of Environment, Forest and Climate Change (for Satnoor Plant) and State Level Environment Assessment Authority, Rajasthan (for Abu Road Plant). The Company has received the aforesaid Environment Clearance (EC) and are available on the website of the Company. Further, there was no significant direct or indirect impact of the business operations on biodiversity at the Company’s Plants .
If the entity has undertaken any specific initiatives or used innovative technology or solutions to improve resource efficiency, or reduce impact due to emissions / effluent discharge / waste generated, please provide details of the same as well as outcome of such initiatives, as per the following format:

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Sr. Initiative Details of the initiative Outcome of the
No. undertaken for (Web-link, if any, may be provided along-with summary) initiative
1 Reliability &  Thermo siphon System installed with pressure and level indication display Improved system
Process on SCADA for SPS Reactor Mechanical Seal as safety improvement. reliability
Improvement
 Replacement of corroded coal bunker with new one resulting in
improvement of system reliability
2 Safety  Implementing integrated solar light arrangement for ETP & Residential area Improved safety
 Copper plate double earthing provided in communication tower and weight
bridge
3 To save energy  Zero Loss Moisture air traps installed in compressed air circuit. Reducing energy
 Heat Exchanger installed in F&D section for Heat recovery from waste water losses
Replaced 205 m² main line insulation from LRB to perlite type: Reducing heat Reduction in heat
loss from the main 6” pipeline due to aging effects. losses
4 Safety and To Installation of a new earth pit in the plant, replacing the existing higher-value pit Improved Plant Safety I
save energy (06 nos.), along with the provision of a dedicated earth pit for the DCS: These
and improve enhancements contribute to improved plant electrical safety and reliability for
environment the DCS.
Disposal of disused Radioactive Sources at BRIT, AERB – India. Elimination of potential
health hazards due to
presence of radioactive
source
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Does the entity have a business continuity and disaster management plan? Give details in 100 words/ web link- The OnSite and Offsite Emergency Management Plan (OSEMP/ ONEP) is a document, which describes the emergency organization structure, responsibilities of key personnel, communication means and emergency response strategies to control major incidents. This plan has been drafted after a thorough analysis and assessment of various risks associated with the process and storage of various chemicals in the Company’s factory.

104 40[th] Annual Report 2023-2024

STATUTORY REPORT FINANCIALS STATEMENT

CORPORATE OVERVIEW

Disclose any significant adverse impact to the environment, arising from the value chain of the entity. What mitigation or adaptation measures have been taken by the entity in this regard - NIL
Percentage of value chain partners (by value of business done with such partners) that were assessed for environmental impacts - No such assessment was carried.

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

Essential Indicators

a. Number of affiliations with trade and industry chambers/ associations – 1 (One)
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.

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S. Name of the trade and Reach of trade and
No. industry chambers/ associations industry chambers/ associations (State/National)
1 All India Association of Industries National
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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 the authority	Brief of the case	Corrective action taken
Not Applicable, as no adverse orders werepassed by regulatory authorities against the Company.

Leadership Indicators

Details of public policy positions advocated by the entity:

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S. Public policy Method resorted for Whether Frequency of Web Link, if
No. advocated such advocacy information Review by Board available
available in public (Annually/ Half
domain? (Yes/No) yearly/ Quarterly
/ Others – please
specify)
NIL
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PRINCIPLE 8 Businesses should promote inclusive growth and equitable development

Essential Indicators

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

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

40[th] Annual Report 2023-2024

105

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Provide information on project(s) for which on-going Rehabilitation and Resettlement (R&R) is being undertaken by your entity, in the following format: No rehabilitation and resettlement were undertaken by the entity during this reporting period.

S. No.	Name of Project for which R&R is on-going	State	District	No. of Project Affected Families(PAFs)	% of PAFs covered by R&R	Amounts paid to PAFs in the FY (In INR)
Not Applicable

Describe the mechanisms to receive and redress grievances of the community. - The Company has a process to receive and redress concerns / grievances received from the community. A site level committee consisting of members from various departments viz. administration, security, SHE etc. is formed which receives the concerns (written/ verbal) and works towards its Redressal. A joint field visit / investigation are done and the concern is addressed appropriately in a timely manner. The concerns are recorded and tracked for closure .
Percentage of input material (inputs to total inputs by value) sourced from suppliers:

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FY 2023-24 FY 2022-23
Current Previous
Financial Year Financial Year
Directly sourced from MSMEs/ small producers 2420.32 lakhs 884.88 lakhs
Sourced directly from within the district and neighbouring districts 889.61 lakhs 61.49 lakhs
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Leadership Indicators

Provide details of actions taken to mitigate any negative social impacts identified in the Social Impact Assessments (Reference: Question 1 of Essential Indicators above): No such assessment was carried .

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Details of negative social impact identified Corrective action taken
NIL NIL
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Provide the following information on CSR projects undertaken by your entity in designated aspirational districts as identified by government bodies:

Though the Company has undertaken various CSR activities, it has not undertaken any such CSR activity in designated aspirational districts identified by government bodies.

S. No.	State	Aspirational District	Amount spent (in`)
Not Applicable

(a) Do you have a preferential procurement policy where you give preference to purchase from suppliers comprising marginalized /vulnerable groups? (Yes/No) - No, the Company does not have a preferential procurement policy.
(b) From which marginalized /vulnerable groups do you procure? - Not Applicable
(c) What percentage of total procurement (by value) does it constitute?- Not Applicable
Details of the benefits derived and shared from the intellectual properties owned or acquired by your entity (in the current financial year), based on traditional knowledge:

S. No.	Intellectual Property based on traditional knowledge	Owned / Acquired (Yes/No)	Beneft shared (Yes/No)	Basis of calculating beneft share
Not Applicable

106 40[th] Annual Report 2023-2024

STATUTORY REPORT FINANCIALS STATEMENT

CORPORATE OVERVIEW

Details of corrective actions taken or underway based on any adverse order in intellectual property related disputes wherein usage of traditional knowledge is involved.

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Name of authority Brief of the case Corrective action taken
Not Applicable
Details of beneficiaries of CSR Projects:
S. CSR Project No. of persons % of beneficiaries
No. benefitted from CSR from vulnerable and
Projects marginalized groups
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Details of beneficiaries of CSR Projects:

In the previous financial year the Company had spent 2432.49 lakhs on various CSR Activities as against the CSR obligation of 666.34 lakhs. Out of the surplus amount of 1766.15 lakhs, an amount of 741.39 lakhs, being the CSR Obligations for FY 23-24 was set off and the remaining amount of ` 1024.76 lakhs is carried forward for set-off in succeeding two financial years.

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

Essential Indicators

Describe the mechanisms in place to receive and respond to consumer complaints and feedback. The Company is into B2B and does not offer its products to ultimate consumers. Feedback is obtained from the B2B customers on the product quality and services. This feedback is evaluated internally, and appropriate actions are taken in order to meet B2B customer expectations.
Turnover of products and/ services as a percentage of turnover from all products/service that carry information about:

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As a percentage to total turnover
Environmental and social parameters relevant to the product 100%
Safe and responsible usage 100%
Recycling and/or safe disposal 100%
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Number of consumer complaints in respect of the following:

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FY 2023-24 Remarks FY 2022-23 Remarks
Current Financial Year Previous Financial Year
Received Pending Received Pending
during the resolution during the resolution
year at the end year at the end
of the year of the year
Data privacy
Advertising
Cyber-security
Not Not
Delivery of essential services NIL NIL NIL NIL
Applicable Applicable
Restrictive Trade Practices
Unfair Trade Practices
Other
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Details of instances of product recalls on account of safety issues:

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Number Reasons for recall
Voluntary recalls NIL Not Applicable
Forced recalls NIL Not Applicable
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Does the entity have a framework/ policy on cyber security and risks related to data privacy? (Yes/No) If available, provide a web-link of the policy. Yes. Company has an internal framework for cyber security and mitigation of associated risks. The Policy is not available in public domain.
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. Not Applicable, as there were no issues or concerns related to advertising, delivery of essential services, cyber security, penalties or actions initiated by regulatory authorities for safety of the Company’s products .

Leadership Indicators

Channels / platforms where information on products and services of the entity can be accessed (provide web link, if available). The Company’s Products can be accessed on the Website https://www.bhansaliabs.com/product-fnder
Steps taken to inform and educate consumers about safe and responsible usage of products and/or services. – Information on safe and responsible usage of product is provided on Material Safety Data Sheet (MSDS ).
Mechanisms in place to inform consumers of any risk of disruption/discontinuation of essential services. - The Company is into B2B and hence not applicable .
Does the entity display product information on the product over and above what is mandated as per local laws? (Yes/No/Not Applicable) If yes, provide details in brief. Did your entity carry out any survey with regard to consumer satisfaction relating to the major products / services of the entity, significant locations of operation of the entity or the entity as a whole? (Yes/No) The Company adheres to all applicable laws and regulations on product labelling. Material Safety Data Sheet (MSDS) are made available to the B2B customers for safe handling and storage of ABS and SAN resins.
Provide the following information relating to data breaches:
a. Number of instances of data breaches along-with impact- There were no instances of data breaches .
b. Percentage of data breaches involving personally identifiable information of customers – NIL

108 40[th] Annual Report 2023-2024

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Bhansali Engineering Polymers Ltd. — Environmental & Social Information 2024

62572_rns_2024-06-05_fa1bed37-b460-4046-a6d4-686677f8219b.pdf

Annexure 7

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT OF BHANASALI ENGINEERING POLYMERS LIMITED FOR THE FINANCIAL YEAR ENDED 31[st] MARCH, 2024

SECTION A: GENERAL DISCLOSURES

Details of the listed entity

Products / Services

Operations

Employees

CSR Details

Transparency and Disclosures Compliances

24. Overview of the entity’s material responsible business conduct issues

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

Governance, Leadership and Oversight

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

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

Essential Indicators

Leadership Indicators

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

Essential Indicators

Leadership Indicators

Essential Indicators

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

3. Accessibility of workplaces

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

Leadership Indicators

PRINCIPLE 5 Businesses should respect and promote human rights

Essential Indicators

Leadership Indicators

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

Essential Indicators

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

Leadership Indicators

Leadership Indicators

PRINCIPLE 8 Businesses should promote inclusive growth and equitable development

Essential Indicators

Leadership Indicators

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

Essential Indicators

Leadership Indicators

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Bhansali Engineering Polymers Ltd. Environmental & Social Information 2024