Bhansali Engineering Polymers Ltd. - Environmental & Social Information 2025

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ASHWIN Digitally signed by ASHWIN MANILAL MANILAL PATEL PATEL Date: 2025.08.26 14:57:57 +05'30'

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Annexure 7

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT OF BHANASALI ENGINEERING POLYMERS LIMITED FOR THE FINANCIAL YEAR ENDED 31[st] MARCH, 2025

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 – 64/69106100
8. Website www.bhansaliabs.com
9. Financial year for which reporting is being done Financial year ended 31 [st] March, 2025
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 person Mr. Ashwin M. Patel
who may be contacted in case of any queries on the BRSR report Ph: +91-22-26216060-64 / 69106100
Email ID: [email protected]
13. Reporting boundary - Are the disclosures under this report made Consolidated Basis
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) 89.87%
Styrene Acrylonitrile (SAN) 1.83%
Trading Sales 8.30%
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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 91.70%
Styrene Acrylonitrile Resins
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41[st] Annual Report 2024-2025

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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) 3
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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 0.28% of the total turnover of the Company for the Financial Year ended 31[st] March, 2025.
c. A brief on types of customers: The Company manufactures and supply high-quality thermoplastic resins (specialized ABS & SAN resins) in Automobiles (Two/ Three/ Four Wheelers), Home Appliances (Refrigerator, Air conditioner), Television, Electronics, Healthcare, Kitchen appliances, Stationery items and toys etc.
Our, Customers are grouped into following Two categories:
Business-to-Business (B2B): Major Original Equipment Manufacturers (OEMs) in the automotive sector.
Business-to-Emerging Corporate Accounts (B2ECA): Micro, Small and Medium Enterprises (MSMEs).

Employees

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

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Sr. Particulars Total (A) Male Female
No. No. (B) % (B / A) No. (C) % (C / A)
EMPLOYEES
1. Permanent (D) 425 420 98.82 5 1.18
2. Other than Permanent (E) 10 10 100 0 0
3. Total employees (D + E) 435 430 98.85 5 1.15
WORKERS
4. Permanent (F) 71 71 100 0 0
5. Other than Permanent (G) 260 260 100 0 0
6. Total workers (F + G) 331 331 100 0 0
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The Company respects differences that are fundamental to an individual’s identity, such as age, gender, ethnicity, race, physical ability, mental ability and sexual orientation, as well as latent and invisible differences that shape our perspectives, like education, work experience, parental status, etc. The Company is committed to being an equal opportunity employer, maintaining dignity and respect for all.

The Company is committed to providing equal opportunity to all employees without regard to their race, caste, gender, religion, colour, nationality, disability, etc. All employees (including permanent, temporary, trainees, and contract employees) are treated with dignity with a view to maintaining a safe work environment.

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b. Differently abled Employees and workers:

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Sr. Particulars Total (A) Male Female
No. No. (B) % (B / A) No. (C) % (C / A)
DIFFERENTLY ABLED EMPLOYEES
1. Permanent (D) 1 1 100 0 0
2. Other than Permanent (E) 0 0 0 0 0
3. Total differently abled employees (D + E) 1 1 100 0 0
DIFFERENTLY ABLED WORKERS
4. Permanent (F) 0 0 0 0 0
5. Other than Permanent (G) 0 0 0 0 0
6. Total differently abled workers (F + G) 0 0 0 0 0
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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 6 1 16.67
Key Management Personnel () 4 0 0
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(*) Includes Chairman & 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 2024-25 FY 2023-24 FY 2022-23
(Turnover rate in (Turnover rate in (Turnover rate in the year
current FY) previous FY) prior to the previous FY)
Male Female Total Male Female Total Male Female Total
Permanent Employees 23.56 0.24 23.80 23.42 0.53 23.95 19.83 0 19.83
Permanent Workers 9.40 0 9.40 7.36 0 7.36 5.56 0 5.56
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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 % of shares held by Does the entity
No. subsidiary / associate holding/ Subsidiary/ listed entity indicated at column
companies / joint Associate/ Joint A; participate
ventures (A) Venture in the Business
Responsibility
initiatives of the listed
entity? (Yes/No)
1. Bhansali Nippon A&L Joint Venture Company 50 Yes
Private Limited
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41[st] Annual Report 2024-2025

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CSR Details

(i) Whether CSR is applicable as per Section 135 of Companies Act, 2013: (Yes/No): Yes
(ii) Turnover (in `) : 1,39,774.37 lakhs
(iii) Net worth (in `) As on 31[st] March, 2025: 1,00,047.02 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 2024-25 FY 2023-24
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 Yes NIL NIL Not Applicable NIL NIL Not Applicable
(other than
shareholders)
Shareholders Yes 58 NIL Not Applicable 31 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 NIL NIL NIL Not Applicable NIL NIL Not Applicable
(please specify)
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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 the In case of risk, approach to adapt Financial
No. identified whether risk / opportunity or mitigate implications
risk or of the risk or
opportunity opportunity
(R/O) (Indicate
positive or
negative
implications)
1. Air emissions Risk The key parameter in The Company is committed in Negative
and air quality measuring environmental preventing, reducing and mitigating
management performance is the control of air emissions and minimizing
emissions. The systems must environmental impact through
be effectively maintained to comprehensive policies. Initiatives
ensure that emissions remain include periodic air quality
within the prescribed limits. assessments, continuous monitoring
Exceeding these limits could of stack emissions to ensure effective
negatively affect community emission control and continuous
perception and result in improvement in environmental
regulatory consequences. performance.
2. Occupational Risk and Employees in manufacturing The Company is committed to Risk: Negative
Health Opportunity of ABS and SAN Resins achieve zero harm, for which it
and Safety are exposed to various has established robust incident Opportunity:
Positive
(OHS) and inherent operational risk, reporting and investigation
Environment including high pressure and procedures supported by a
Safety temperature operations, Corrective and Preventive Action
hazardous substances and (CAPA) system. Routine safety
heavy machinery. Developing meetings are conducted to review
a strong safety culture plant inspections, risk assessments,
is critical for proactively job safety analyses, and the
mitigating these risks, which implementation of the permit-to-work
if unaddressed, can lead system.
to financial losses, medical
Advanced methodologies such
costs, legal liabilities, and
as HAZOP studies, Quantitative
reduced productivity.
Risk Assessments (QRA) and
Leveraging our vast Environmental Impact Assessments
manufacturing expertise, (EIA) are also integrated into
we have safety culture that our safety framework. These
prioritizes employee well- discussions lead to the development
being. This not only enhances of targeted remedial action plans
operational efficiency but aimed at mitigating operational
also instils confidence in risks and enhancing overall safety
the workforce, leading to performance.
improved product quality and
cost savings over time.
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Sr. Material issue Indicate Rationale for identifying the In case of risk, approach to adapt Financial
No. identified whether risk / opportunity or mitigate implications
risk or of the risk or
opportunity opportunity
(R/O) (Indicate
positive or
negative
implications)
3. Business Risk Risk: Non-compliance Key Managerial Personnel are Risk: Negative
Ethics, with regulatory and legal responsible and accountable for
Compliance, requirements may impair ensuring effective, timely, and
and the Company’s reputation. appropriate compliance with
Governance regulatory and legal mandates.
Strong and fully embedded
commitment to ethical We operate in accordance with
business practices a well-defined Code of Conduct,
strengthens our competitive which sets the standard for ethical
edge in the market. By behaviour across the organization.
fostering a culture of integrity
To ensure transparency and
and accountability, we build
accountability, the Company has
trust with stakeholders,
investors and the implemented a Whistle Blower Policy.
communities we serve. This policy empowers employees,
vendors, and channel partners to
Non-compliance can result confidentially report any concerns
in serious consequences, related to unethical business
including legal penalties, practices without fear of retaliation.
reputational damage, and
The Company internally tracks and
operational disruptions. As
monitors applicable compliance
such, maintaining robust
obligations and renewal
compliance systems and
requirements. Regular internal
regularly updating internal
controls is critical to and external audits, along with
periodic reviews, are conducted to
safeguarding the Company’s
verify adherence to all regulatory
operations and long-term
mandates. The Company has
sustainability
also assigned Key Managerial
Personnel with the responsibility
of ensuring effective, timely and
appropriate compliance with legal
and regulatory requirements. This
structured approach strengthens
our governance framework and
reinforces our commitment to
operating with integrity and in full
compliance with the law(s).
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Sr. Material issue Indicate Rationale for identifying the In case of risk, approach to adapt Financial
No. identified whether risk / opportunity or mitigate implications
risk or of the risk or
opportunity opportunity
(R/O) (Indicate
positive or
negative
implications)
4. Waste Risk Manufacturing processes Waste management practices Negative
Management inevitably produce hazardous includes (i) segregation at source, (ii)
waste. responsible disposal of hazardous
waste and (iii) reducing waste.
Effectively managing the
transportation, treatment, Waste disposal is carried out through
storage and disposal of appropriate methods ensuring that all
such waste has both legal waste is directed through authorised
and operational challenges, disposal channels adhering to laws
requiring strict adherence to and regulations of respective State
environmental regulations Pollution Control Boards.
The Company is fully committed to
efficient, safe and responsible waste
management.
5. Water Opportunity The Company’s operations The Company believes in ensuring Positive
Stewardship require significant amount of optimum utilisation of water
water for various industrial resources through efficient usage.
processes, which may have There is ‘zero discharge’ outside
a impact on local water the plants and the treated water is
resources. Recognizing used for development of green belt.
this, the Company is The Company propose to recycle
committed to responsible and reuse through RO system in
water management as a expansion project.
critical component of our
As part of our commitment to
sustainability strategy.
environmental sustainability, we
have implemented a Zero Liquid
Discharge (ZLD) system. It ensures
that all wastewater is treated,
recycled and reused within the
facility, with no liquid waste being
discharged into the environment.
The treated water is then utilized
for the development of our green
belt, enhancing the ecological
environment around our facility
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41[st] Annual Report 2024-2025

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76 41[st] Annual Report 2024-2025

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41[st] Annual Report 2024-2025

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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 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P9
Policy and management processes
1. a. Whether your entity’s policy/policies cover each principle Yes Yes Yes Yes Yes Yes Yes Yes Yes
and 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/ Most of the principles are covered by our Code of Conduct
labels/ standards (e.g. Forest Stewardship Council, Fair trade, which is in line with national and international standards
Rainforest Alliance, Trustee) standards (e.g. SA 8000, OHSAS, and practices.
ISO, BIS) 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 applied 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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Governance, Leadership and Oversight

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Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
7. 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 continue to pose significant risks to economic stability, environmental
security, and social well-being. As a responsible corporate citizen, we acknowledge the growing urgency to
address these global concerns by aligning our business strategies with principles of sustainability and inclusive
growth. Transitioning to a low-carbon, climate-resilient economy is no longer optional—it is imperative.
Recognizing this, we have embedded Environmental, Social and Governance (ESG) principles at the core of
our operations. The introduction of the Business Responsibility and Sustainability Report (BRSR) framework by
SEBI for the top 1000 listed companies from FY 2022–23 marks a critical milestone in advancing sustainability
reporting in India. We welcome this shift, which places non-financial disclosures on par with financial reporting,
enhancing transparency and accountability in corporate performance.
We recognize that building a sustainable and resilient business is a long-term commitment. We continue to
reassess and align our policies and practices with national and global ESG standards. Our Board and senior
leadership remain actively engaged in steering these efforts, ensuring that we deliver value not just to our
shareholders, but to all stakeholders.
As we move forward, we remain committed to transparency, accountability, and innovation in driving our ESG
agenda, while contributing meaningfully to the broader vision of sustainable development.
8. Details of the highest authority responsible for Name: Mr. Babulal M. Bhansali
implementation and oversight of the Business Designation: Chairman & Managing Director
Responsibility policy (ies). DIN: 00102930
9. Does the entity have a specified Committee of the Board/ The Company has instituted a Board-level Safety, Health
Director responsible for decision making on sustainability and Environment (SHE) Committee, which plays a critical
related issues? (Yes / No). If yes, provide details. role in providing strategic direction and oversight. This
Committee ensures that safety, environmental and
sustainability considerations are integrated in strategic
initiatives, audit recommendations, and continuous
improvement plans. It reinforces the Company’s
commitment to responsible operations and long-term
value creation.
The responsibility for sustainability-related decision-
making rests with the Managing Director.
10. Details of Review of NGRBCs by the Company:
Subject for Review Indicate whether review Frequency (Annually/ Half
was undertaken by Director yearly/ Quarterly/ Any other
/ Committee of the Board/ – please specify)
Any other Committee
P P P P P P P P P P P P P P P P P P
1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 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 efficacy of
the policies is reviewed and necessary changes to policies
and procedures as required are implemented.
Compliance with statutory requirements of relevance to the The Company is Compliant with relevant principles,
principles, and, rectification of any non-compliances applicable rules and regulations. Compliance to the
regulatory requirement are reviewed on regular basis.
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Disclosure Questions P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 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 basis aspects of business responsibility and sustainability.

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

Disclosure Questions P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 The entity does not consider the Principles material to its business (Yes/No) The entity is not at a stage where it is in a position to formulate and implement the policies on specified principles (Yes/No) 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)

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 number Topics / principles covered under the training % age of persons
of training and and its impact in respective
awareness category covered
programmes by the awareness
held programmes
Board of Directors (BoD) 1 Business, strategy, risk, update of laws, Principles 100
of Corporate Governance
Key Managerial Personnel 1 Business, strategy, risk, update of laws, Principles 100
(KMP) of Corporate Governance
Employees other than 12 Induction Training, business ethics and values, 100
BoD and KMPs Code of Conduct
5 Advance MS Excel Training 29
4 Technical Skill Enhancement Training 21
9 Awareness on Health, Safety and Environment 100
2 5-S Awareness Training 10
Workers 12 Induction Training, business ethics and values, 100
Code of Conduct
10 Awareness on Health, Safety and Environment 100
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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 Name of the Amount Brief Has an appeal
Principle regulatory/ (In INR) of the Case been preferred?
enforcement (Yes/No)
agencies/
judicial
institutions
Penalty / Fine
Settlement Nil
Compounding fee
Non-Monetary
NGRBC Name of the Brief of the Case Has an appeal
Principle regulatory/ 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 adopted the Code of Conduct and is steadfast in its commitment to uphold professionalism, fairness and integrity in all aspects of their business operations and relationships. Company’s stance on bribery and corruption is unequivocal—we maintain a ‘zero-tolerance’ policy
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 2024-25 FY 2023-24
(Current Financial Year)Current Financial Year)) (Previous Financial Year)Previous Financial Year))
Directors
KMPs
Nil Nil
Employeesployeesloyeesyeesees
Workers
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41[st] Annual Report 2024-2025

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6. Details of complaints with regard to conflict of interest:

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FY 2024-25 FY 2023-24
(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 %age of value chain partners
programmes held the 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 or conflicts which may 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. The Directors must avoid allowing external factors to influence their independent and objective judgment, ensuring their actions serve the Company’s paramount interests. Additionally, Directors must not abuse their positions to gain any personal benefit, whether directly or indirectly, at the Company’s expense. Any potential or actual conflict of interest involving a Board member must be promptly reported to the Chairman of the Audit Committee or the Chairman of the Board.

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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 Details of improvements in environmental and
Year Financial Year social impacts
R&D 118.28 lakhs (52.29%) 71.21 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 107.91 lakhs (47.71%) Nil Refer Point 6 of Leadership Indicator of Principle 6
(New R&D facilities and measuring technology)
1) Established technology to measure Volatile
Organic Compounds in our product;
2) Installed new low temperature chamber for
measuring impact data under low temperature,
mainly required for developing new grades for
auto-market;
3) Installed a new temperature and humidity controlled
chamber for testing material under higher humidity
condition.
(New process development)
1) Successfully completed pilot plant trial to improve
ETP performance;
2) Successfully completed Pilot trial to recover
unreacted BDE monomer from reactor.
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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 around 14 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 .

41[st] Annual Report 2024-2025

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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.]

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Waste Type Waste Management Procedure In Place
Plastic (including packaging) The Company has a valid EPR Certificate under PWM Rules 2016 [as amended] for
disposal of plastic waste through authorized PWP and obtain EPR credits.
The philosophy of 3R viz. Reduce, Reuse and Recycle is in place. By addressing
process breakdowns and arresting spills & leakages, the Company was in a position
to reduce waste generation by around 10%.
The packaging bags are used multiple (3 – 4) times for transportation of HRG. The
bags are disposed in a phased manner, resulting in its reduced consumption.
E-waste Disposed through authorized recycler base or through license vendor on requirement.
Battery waste is returned to Supplier under buyback and records are maintained.
Hazardous waste The Company has entered into agreement with PCB, Madhya Pradesh and Re-
sustainability Ltd, Udaipur for disposal of hazardous waste generated at respective
plant site.
Other waste Bio-medical waste is disposed through authorized waste collector, approved by
Madhya Pradesh Pollution Control Board.
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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 acknowledges its responsibilities under the Extended Producer Responsibility (EPR) framework and confirms that EPR is applicable to its operations. While the Company manufactures intermediate products that serve as input materials for downstream industries, the packaging materials used become pre-consumer plastic waste for our customers. These materials are either recycled by the customers or managed through authorized channels.

In alignment with its EPR obligations, the Company has implemented a robust waste management system. All waste packaging materials are handled through Waste Management Agencies (WMAs) and processed by CPCBcertified recyclers, in accordance with the EPR plan submitted to the 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) If yes,
Assessment was (Yes/No) provide the web-
conducted link.
Not Applicable
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84 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
NIL NIL NIL
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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 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Re-Used Recycled Safely Re-Used Recycled Safely
Disposed Disposed
Plastics (including packaging) NIL NIL NIL NIL NIL NIL
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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41[st] Annual Report 2024-2025 85

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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. % No. % No. % No. % No. %
(B) (B / A) (C) (C / A) (D) (D / A) (E) (E / A) (F) (F / A)
Permanent Employees
Male 420 25 5.95 420 100 0 0 0 0 0 0
Female 5 0 0 5 100 5 100 0 0 0 0
Total 425 25 5.88 425 100 5 1.18 0 0 0 0
Other than Permanent Employees
Male 10 0 0 10 100 0 0 0 0 0 0
Female 0 0 0 0 0 0 0 0 0 0 0
Total 10 0 0 10 100 0 0 0 0 0 0
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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 71 0 0 71 100 0 0 0 0 0 0
Female 0 0 0 0 0 0 0 0 0 0 0
Total 71 0 0 71 100 0 0 0 0 0 0
Other than Permanent Workers
Male 260 8 3.08 260 100 0 0 0 0 0 0
Female 0 0 0 0 0 0 0 0 0 0 0
Total 260 8 3.08 260 100 0 0 0 0 0 0
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86 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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

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Benefits FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
No. of No. of Deducted No. of No. of Deducted
employees workers and employees workers and
covered as covered as deposited covered as covered as deposited
a % of total a % of total with the a % of total a % of total with the
employees workers authority employees workers authority
(Y/N/N.A.) (Y/N/N.A.)
PF 420 331 Y 393 313 Y
(98.82%) (100%) (98.25%) (100%)
Gratuity 421 71 Y 394 78 Y
(99.06%) (21.45%) (98.50%) (24.92%)
ESI NA NA NA NA NA NA
Others – Superannuation 2 0 Y 2 NA Y
fund (0.47%) (0.50%)
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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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Is there a mechanism available to receive and redress grievances for the following categories of employees and worker? If yes, give details of the mechanism in brief.

Yes/No

(If Yes, then give details of the mechanism in brief) Permanent Workers Yes, 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 .

41[st] Annual Report 2024-2025

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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 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total No. of % Total No. of %
employees employees (B / A) employees employees (D / C)
/ workers / workers in / workers / workers in
in respective in respective
respective category, who respective category,
category are part of category who are
(A) association (C) part of
(s) or Union association
(B) (s) or Union
(D)
Total Permanent Employees 425 NIL NIL 400 NIL NIL
Male 420 NIL NIL 397 NIL NIL
Female 5 NIL NIL 3 NIL NIL
Total Permanent Workers 71 71 100 78 78 100
Male 71 71 100 78 78 100
Female NIL NIL NIL NIL NIL NIL
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Details of training given to employees and workers:

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Category FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total On Health On Skill up Total On Health On Skill up
(A) and safety gradation (D) and safety gradation
measures measures
No. % No. % No. % No. %
(B) (B / A) (C) (C / A) (E) (E / D) (F) (F / D)
Employees
Male 420 420 100 420 100 397 397 100 397 100
Female 5 5 100 5 100 3 3 100 3 100
Total 425 425 100 425 100 400 400 100 400 100
Workers
Male 71 71 100 71 100 78 78 100 78 100
Female NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total 71 71 100 71 100 78 78 100 78 100
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88 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

9. Details of performance and career development reviews of employees and worker:

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Category FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total (A) No. (B) % (B / A) Total ( C) No.(D) % (D / C)
Employees
Male 420 420 100 397 397 100
Female 5 5 100 3 3 100
Workers
Male 71 71 100 78 78 100
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 of such system?

The Company places highest priority on the health, safety and well-being of its employees, workers, and all relevant stakeholders. A robust Occupational Health and Safety Management System (OHSMS) has been implemented to maintain safe and healthy working conditions across all operational areas, including manufacturing units, offices, and research laboratories.

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 implemented a comprehensive Risk Management Framework as an essential component of its commitment to occupational health, safety, environmental protection and business continuity. This framework is crucial for the prevention of incidents, injuries, occupational diseases, emergency events and operational disruptions.

Key elements of the risk management process include:

Hazard Identification:

The plant sites follows a structured Hazard Identification through Plant inspections, Plant Safety Committee meeting, Job Safety Analysis & Risk Management Process.

Routine and Non-Routine Activity Risk Assessment:

All activities, whether routine or permit-based/project related, are assessed through tools such as Hazard Identification & Risk Assessment (HIRA), Job Safety Analysis (JSA) and adherence to Standard Operating Procedures (SOPs) before commencement.

Cross-Functional Team Involvement:

Risk assessments are carried out by trained, cross-functional teams to ensure diverse expertise and comprehensive analysis.

Advanced Safety Analysis Techniques:

Wherever applicable, techniques like Process Hazard Analysis (PHA), What-If Analysis and Failure Mode & Effect Analysis (FMEA) are used for risk evaluations.

Process and Functional Safety:

The Company has formal procedures in place for managing process safety and functional safety, supported by internal and external engineering reviews.

41[st] Annual Report 2024-2025

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Hazardous Material Management/ Risk Evaluation:

The Company has detailed Quantitative Risk Assessments (QRA), HAZOP Studies, and engineering controls for handling Hazardous Material, which are periodically reviewed by qualified experts.

Employee & Contractor Involvement:

Employees and contractors are encouraged to actively identify and report unsafe conditions. These reports are systematically tracked and resolved to ensure ongoing risk mitigation.

Training & Competency:

Various training on Safety, Functional, Behavioral and Motivational aspects are provided to employees / workers, ensuring competency, awareness and accountability at all levels.

Internal and External Audits:

The Safety Management System is internally assessed on regular basis and reviewed by external qualified consultants. Recommendations are tracked and implemented, maintaining high standards.

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. Each site has 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 2024-25 FY 2023-24
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:
MICU Ambulance with better features is procured.
Safety equipment’s Diphotherine kit, Electrical rescue hook, Water gel blanket, Motion Sensor are in place for enhanced safety of the employees.
Lifeline installation at all the truck/tanker unloading stations
Replacement of old firefighting equipment’s such as fire extinguishers/ hydrant valves etc. to enhance firefighting efficiency.
Regular site safety inspections, trainings/TBT imparted to employees/workmen.
Half Yearly Medical Check-ups for all employees.

90 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Reporting of near misses to prevent future incidents. PSSR etc. helps in keeping the employees safe & healthy at workplace.
Celebration of safety week and Environment day to foster culture of safety and commitment to environment.
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.

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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FY 2024-25 FY 2023-24
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
Working Conditions NIL NIL NA NIL NIL NA
Health & Safety NIL NIL NA NIL NIL NA
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14. 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% - Abu Road Plant - Plant Safety Audit & Electrical Safety audit are
being conducted by Bureau Veritas India Private Limited whereas for
Satnoor Plant the same is being conducted by Factory Inspector and
Electrical Inspector as per schedule.
Working Conditions 100% - Safety inspection is not only being conducted internally but also
by Competent person at Company’s plants and offices
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41[st] Annual Report 2024-2025

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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.-
Preventive and proactive measures undertaken to minimize workplace accidents and ensure a safe working environment are as under:
- HT Transmission (33 KV) Pole height increased as part of Safety improvement for Vehicle Transport movement.
- Boiler feed water tank level guage is provided with level switch indicator for annunciation in Boiler control room, to enhance quick response and immediate action.
- Audio alarm and Public address system provided at ETP (Effluent Treatment Plant) location for proper Emergency communication.
- Auto-control mechanism adapted for temperature control of Anti-oxidant solution tank to mitigate human intervention.
- Clearly defined job roles and responsibilities, including safety-related duties.
- Fire and emergency response preparedness, including mock drills and fire drills.
- Behaviour-Based Safety (BBS) programs to enhance safety culture.
- Daily Safety Plant Round.
- Annual safety audits (internal and external). Observations / concerns, if any, pointed by the auditors are discussed in detail and appropriate actions are immediately taken

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.
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 2024-25 FY 2023-24 FY 2024-25 FY 2023-24
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.

92 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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.

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 / creating 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.

The Company follows a structured process to identify stakeholder groups that have significant influence on, or are impacted by its business activities. The process includes:

Assessing departments and functions that directly interact with external entities.
Reviewing operational, financial, and ESG performance areas to identify stakeholder dependencies;
Engaging leadership, functional heads and compliance teams to determine strategic and operational relevance;
Prioritizing stakeholders based on their potential to contribute to value creation, regulatory compliance or risk.
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 Channels of Frequency of Purpose and scope
identified as communication engagement of engagement
Vulnerable & (Email, SMS, (Annually/ Half including key topics
Marginalized Newspaper, yearly/ Quarterly and concerns
Group (Yes/No) Pamphlets, / others – please raised during such
Advertisement, specify) engagement
Community
Meetings, Notice
Board, Website),
Other
Employees and Worker No Emails, Internal Regular Updating on
Communication safety and health
platforms, Notice related issues,
Board key initiatives
undertaken by the
Company, business
performance,
career growth
& professional
development etc.
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41[st] Annual Report 2024-2025

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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
engagement society at large
and through (Focusing on
the Company’s education etc.).
CSR project
implementation
partners
Customers & Suppliers No Email, SMS, Website Regular Engaging with
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, Risk Management Committee and Stakeholders’ Relationship Committee are constituted by the Board and chaired by Independent Director. The committeebased governance model ensures that stakeholder feedback on economic, environmental, and social topics is appropriately reviewed, escalated when needed, and embedded into the Company’s business strategies and sustainability objectives.
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. The outcomes of stakeholder consultations, including concerns, expectations and material topics are analysed to identify key sustainability related issues that may impact the Company’s operations or reputation.

The Company formulates appropriate strategies, which aligns with business priorities and stakeholder expectations.

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.

94 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total (A) No. of % (B/A) Total (C) No. of % (D/C)
Employees Employees
/Workers /Workers
covered (B) covered (D)
Employees
Permanent 425 425 100 400 400 100
Other than permanent 10 10 100 NIL NIL NIL
Total Employees 435 435 100 400 400 100
Workers
Permanent 71 71 100 78 78 100
Other than permanent 260 260 100 235 NIL NIL
Total Workers 331 331 100 313 78 24.92
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Details of minimum wages paid to employees and workers, in the following format:

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Category FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total Equal to More than Total Equal to More than
(A) Minimum Minimum (D) Minimum Minimum
Wage Wage Wage Wage
No. % No. % No. % No. %
(B) (B/A) (C) (C/A) (E) (E/D) (F) (F/D)
Employees
Permanent
Male 420 NIL NIL 420 100 397 NIL NIL 397 100
Female 5 NIL NIL 5 100 3 NIL NIL 3 100
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 425 NIL NIL 425 100 400 NIL NIL 400 100
Workers
Permanent
Male 71 NIL NIL 71 100 78 NIL NIL 78 100
Female NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
Other than Permanent
Male 260 NIL NIL 260 100 235 235 100 NIL NIL
Female NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total 331 NIL NIL 331 100 313 235 75.07 78 24.92
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41[st] Annual Report 2024-2025

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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) 5 622.12 lakhs P.A 1 3.90 lakhs P.A
Key Managerial Personnel 4 632.91 lakhs P.A 0 0
Employees other than BoD and KMP 493 3.89 lakhs P.A 5 6.80 lakhs P.A
Workers 71 3.96 lakhs P.A 0 0
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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 grievances related to human rights are addressed through the same structured mechanism, used for other type of grievances. The grievances, as and when received, are addressed 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.
Number of Complaints on the following made by employees and workers:

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FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Filed Pending Remarks Filed Pending Remarks
during the resolution during the resolution
year at the end year at the end
of the of the
year year
Sexual Harassment NIL NIL NA NIL NIL NA
Discrimination at Workplace NIL NIL NA NIL NIL NA
Child Labour NIL NIL NA NIL NIL NA
Forced Labour / Involuntary Labour NIL NIL NA NIL NIL NA
Wages NIL NIL NA NIL NIL NA
Other human rights related issues NIL NIL NA NIL NIL NA
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Mechanism to prevent adverse consequences to the complainant in discrimination and harassment cases -

The Company is committed to fostering a workplace built on the principles of integrity, respect and inclusion. The Whistle Blower Policy empowers employees to report unethical practices, non-compliance, or any conduct detrimental to the Company without fear of retaliation. This mechanism ensures that concerns, including those with financial or reputational implications, are addressed promptly and confidentially.

The Company’s Code of Conduct outlines the expected standards of responsible behaviour across all levels in the organization. The Company places highest importance on upholding the dignity and respect of every employee, regardless of gender, hierarchy or background.

96 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

To ensure a safe and equitable environment, the Company has constituted an Internal Committee to investigate and address complaints related to sexual harassment. The Company actively promotes diversity and inclusion, encouraging all employees to bring their authentic selves to work and contribute fully with their skills, experiences, and perspectives.

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 in the 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

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 2024-25.
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

41[st] Annual Report 2024-2025

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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 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total electricity consumption (A) 123695878 MJ 122756612 MJ
Total fuel (HSD) consumption (B) 3563645 MJ 4696407 MJ
Total fuel (LSHS) consumption (C) 67735215 MJ 66861287 MJ
Energy consumption through other sources (Coal) (D) 121726783 MJ 129101808 MJ
Total energy consumption (A+B+C+D) 316721521 MJ 323416114 MJ
Energy intensity per rupee of turnover 0.0227 0.0265
(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 .
Provide details of the following disclosures related to water, in the following format:

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Parameter FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Water withdrawal by source (in kilolitres)
(i) Surface water (River Water) 1,44,000 1,44,000
(ii) Ground water 81,787 1,24,415
(iii) Third party water Nil Nil
(iv) Seawater / desalinated water Nil Nil
(v) Others Nil Nil
Total volume of water withdrawal (in kilolitres) 2,25,787 2,68,415
(i + ii + iii + iv + v)
Total volume of water consumption (in kilolitres) 2,25,787 2,68,415
Water intensity per rupee of turnover 1.8481 KL/Lakh 2.197 KL / Lakh
(Water consumed / turnover)
- -
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 .

41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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 2024-25 FY 2023-24
Current Financial Previous Financial
Year Year
NOx µg/m3 21.1 µg/m3 20.79 µg/m3
Sox µg/m3 12.00 µg/m3 10.65 µg/m3
Particulate Matter (PM) (less than 10 micron) µg/m3 60.86 µg/m3 55.41 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 Anacon Laboratories Pvt Ltd for Satnoor plant.

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 2024-25 FY 2023-24
Current Financial Previous Financial
Year Year
NOx µg/m3 13.2 µg/m3 16.2 µg/m3
Sox µg/m3 8.6 µg/m3 8.8 µg/m3
Particulate Matter (PM) (less than 10 micron) µg/m3 68.9 µg/m3 70.9 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 .

41[st] Annual Report 2024-2025

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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 2024-25 FY 2023-24
Current Financial Previous Financial
Year 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
equivalent
(Break-up of the GHG into CO2, CH4, N2O,
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
Provide details related to waste management by the entity, in the following format:

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Parameter FY 2024-25 FY 2023-24
Current Financial Year Previous Financial Year
Total Waste generated (in metric tonnes)
Plastic waste (A) Nil Nil
E-waste (B) Nil Nil
Bio-medical waste (C) 0.008569 MT 0.002743 MT
Construction and demolition waste (D) Nil Nil
Battery waste (E) 0.429 Nil
Radioactive waste (F) - Rod type radioactive source Nil 11
Other Hazardous waste Please specify, if any (G)- ETP sludge– 0.178 MT Latex Sludge- 123.316 MT
Latex Sludge- 148.31 MT Lime Sludge- 275.017 MT
Lime Sludge- 245.049 MT ETP Sludge – 0.155 MT
Other Non-hazardous waste generated (H). Please specify, if Spent Resin Waste- Nil Spent Resin Waste- Nil
any. (Break-up by composition i.e. by materials relevant to the Oily Racks- 0.02 MT Oily Racks- 0.04 MT Spent
sector) Spent Oil- 0.75 MT Oil- 0.15 MT
Total (A+B + C + D + E + F + G + H) 394.744 MT 398.680 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.

100 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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.
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 /
No. offices operations clearance 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 details of EIA Date Whether Results Relevant Web
project Notification conducted by communicated link
No. independent in public
external domain
agency (Yes / No)
(Yes / No)
Expansion for manufacturing S.O 1533 (E) 14th Sept., 2006 Yes. Yes https://
of ABS [Acrylonitrile Butadiene (amended M/s. J.M. parivesh.nic.in/
Styrene] Resin From 1,30,000 thereof) Environet Pvt. newupgrade/#/
TPA to 2,00,000 TPA & SAN Ltd. trackYourProposal/
[Styrene Acrylonitrile] Resin proposal-details
from 7,000 TPA To 25,000 TPA] ?proposalId=S
at Plot No. 138-143, Ambaji IA%2FRJ%2FIN
Industrial Area, Abu Road, D3%2F440112%
District Sirohi Rajasthan 2F2023&propos
al=7874737
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41[st] Annual Report 2024-2025 101

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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.

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S. Specify the law / Provide details of the Any fines / penalties/ Corrective action taken,
No. regulation / guidelines non-compliance action taken by if any
which was not complied regulatory agencies
with such as pollution control
boards or by courts
Not Applicable
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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 2024-25 FY 2023-24
Current Financial Previous Financial
Year 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) 123695877 MJ 122756612 MJ
Total fuel consumption (E) 71298860 MJ 71557694 MJ
Energy consumption through other sources (F) 121726783 MJ 129101808 MJ
Total energy consumed from non-renewable sources (D+E+F) 316721520 MJ 323416114 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

102 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Provide the following details related to water discharged:

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Parameter FY 2024-25 FY 2023-24
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

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 2024-25 FY 2023-24
Current Previous
Financial Year Financial 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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41[st] Annual Report 2024-2025 103

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Parameter FY 2024-25 FY 2023-24
Current Financial Previous
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

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

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Parameter Unit FY 2024-25 FY 2023-24
Current Previous
Financial Year Financial Year
Total Scope 3 emissions Metric tonnes of NA NA
CO2 equivalent
(Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs,
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 .

104 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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 (Web-link, if any, may be provided along-with summary) initiative
for
1 Reliability  RCBO (Residual Circuit breaker with Overload Protection) provided to all Improved
& Process residential DB for better reliability and safety. system reliability
Improvement  Surge protection device (SPD) provided for critical applications for better and Process
performance
reliability and safety.
 PT (Pressure Transmitter) provided to Stripper transfer pump for online
monitoring and operation control.
2 Safety  Implementing integrated solar light arrangement for ETP & Residential area Improved safety
 Copper plate double earthing provided in communication tower and weight
bridge
 Provided acoustic hood to San Plant Pellet Conveying blower to reduce the
noise level in SAN2 plant.
 Provided a new operating platform for chilled brine valve operation in SAN
plant for ease in operation and enhanced safety of the plant.
 Repainted monomer storage tanks with heat shield paint to minimize/
prevent heat transfer to monomer from sunlight/atm.
3 To save  Variable Frequency Drive (VFD) installed for DM water pump and root Reducing
energy blower to conserve energy energy losses
 Integrated Solar lights / water heater are installed to conserve Electrical Reduction in
energy heat losses
 Thermosyphon system installed to all three SPS reactors to ensure safe
operation and to conserve electrical power consumption (2160 KW/ month).
 Energy audit conducted for Air and N2.
 External Steam trap audit conducted and Steam insulation Jacket provided
at various location to conserve energy.
 Zero Loss Moisture air traps installed in compressed air circuit.
 Heat Exchanger installed in F&D section for Heat recovery from waste water
 Installed VFDs on the cooling tower fan motors with temperature controllers
to optimize the fan operation & reduce power consumption.
 Carried out air leak survey to save on power by identifying leakages in
compressed air and N2 lines/system.
 Replaced 205 m² main line insulation from LRB to perlite type: Reducing
heat loss from the main 6” pipeline due to aging effects.
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41[st] Annual Report 2024-2025

105

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Sr. Initiative Details of the initiative Outcome of the
No. undertaken (Web-link, if any, may be provided along-with summary) initiative
for
4 Safety and To  Audio alarm and Public address system provided at ETP (Effluent Treatment To improve
save energy Plant) location for proper Emergency communication. proper
and improve  communication
At the discharge of Effluent treatment Plant, Electronic Flow meter installed
environment in Emergency.
to measure accurate discharge flow and maintain effluent treatment.
 Treated water Sprinkler system installed at ETP to maintain Green belt area To improve water
conservation.
for proper distribution.
 Improved Plant
Installation of a new earth pit in the plant, replacing the existing higher-
Safety
value pit (06 nos.), along with the provision of a dedicated earth pit for the
DCS: These enhancements contribute to improved plant electrical safety
and reliability for the DCS.
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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.
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.

106 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

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 industry chambers/ Reach of trade and industry chambers/
No. associations 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 Whether Frequency of Web Link, if
No. advocated for 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 notification conducted by communicated link
No. independent in public domain
external agency (Yes / No)
(Yes / No)
NIL
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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

41[st] Annual Report 2024-2025 107

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Describe the mechanisms to receive and redress grievances of the community. - The Company has established a structured process to receive and address concerns or grievances from the community. At each site, a dedicated committee comprising members from key departments’ viz. Administration, Security, Safety, Health & Environment (SHE) is responsible for managing this process.

Grievances, whether written or verbal, are formally received and reviewed. Wherever required, a joint field visit or investigation is conducted to assess the issue first hand. The Committee ensures that concerns are addressed appropriately and in a time bound manner. All grievances are recorded, tracked and monitored till its closure.

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

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FY 2024-25 FY 2023-24
Current Previous
Financial Year Financial Year
Directly sourced from MSMEs/ small producers 2497.92 lakhs 2420.32 lakhs
Sourced directly from within the district and neighboring districts 952.11 lakhs 889.61 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 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

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

Name of authority	Brief of the case	Corrective action taken
Not Applicable

108 41[st] Annual Report 2024-2025

CORPORATE OVERVIEW STATUTORY REPORT FINANCIALS STATEMENT

Details of beneficiaries of CSR Projects:

S. No.	CSR Project	No. of persons beneftted from CSR Projects	% of benefciaries from vulnerable and marginalized groups
In the fnancial year 2022-23, the Company had spent`2432.49 lakhs on various CSR Activities as against the CSR<br>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 &`606.22 Lakhs, being CSR Obligations for FY 24-25 was set off and the remaining amount of<br>`418.54 lakhs is carried forward for set-off in succeedingfnancialyear(s).

PRINCIPLE 9 Businesses should 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 2024-25 Remarks FY 2023-24 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
Delivery of essential services NIL NIL NIL NIL NIL
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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41[st] Annual Report 2024-2025

109

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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. The Company has established a comprehensive internal framework for cyber security to safeguard its digital infrastructure and mitigate associated risks. This framework includes preventive measures, monitoring systems, and response protocols designed to protect sensitive data and ensure business continuity. While the Cyber security Policy is not publicly disclosed due to security considerations, it is actively implemented and regularly reviewed to address emerging threats and maintain a robust defense against cyber risks.
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-finder
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

110 41[st] Annual Report 2024-2025

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Bhansali Engineering Polymers Ltd. — Environmental & Social Information 2025

62572_rns_2025-08-26_fed268c2-cdf7-446d-9b19-ad697713e2bb.pdf

Annexure 7

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT OF BHANASALI ENGINEERING POLYMERS LIMITED FOR THE FINANCIAL YEAR ENDED 31[st] MARCH, 2025

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

6. Details of complaints with regard to conflict of interest:

Leadership Indicators

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

Leadership Indicators

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

Essential Indicators

3. Accessibility of workplaces

Yes/No

9. Details of performance and career development reviews of employees and worker:

Hazard Identification:

Routine and Non-Routine Activity Risk Assessment:

Cross-Functional Team Involvement:

Advanced Safety Analysis Techniques:

Process and Functional Safety:

Hazardous Material Management/ Risk Evaluation:

Employee & Contractor Involvement:

Training & Competency:

Internal and External Audits:

14. Assessments for the year:

Leadership Indicators

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

Leadership Indicators

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

Leadership Indicators

PRINCIPLE 8 Businesses should promote inclusive growth and equitable development Essential Indicators

Leadership Indicators

PRINCIPLE 9 Businesses should 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 2025