Elecon Engineering Co.Ltd. - Environmental & Social Information 2025

31[st] May, 2025

==> picture [594 x 77] intentionally omitted <==

To,

The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON

Sub. : Business Responsibility and Sustainability Report (BRSR) of the Company for the Financial Year 2024-25

Ref. : Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In terms of the subject referred Regulation, we hereby submit the Business Responsibility & Sustainability Report (BRSR) of the Company for the Financial Year 2024-25. The same is also available on the website of the Company at www.elecon.com.

You are requested to take the same on your record.

Thanking you.

Yours faithfully,

For Elecon Engineering Company Limited,

Isarani Digitally signed by Isarani Bhartiben Bhartiben Lalitkumar Date: 2025.05.31 Lalitkumar 17:20:36 +05'30' Bharti Isarani Company Secretary & Compliance Officer

==> picture [85 x 83] intentionally omitted <==

Encl.: As above

==> picture [594 x 103] intentionally omitted <==

ANNEXURE - E TO BOARD’S REPORT BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT

Elecon Engineering Company Limited exemplifies industry leadership and innovation in the Transmission business while offering integrated solutions across the entire value chain of material handling systems. In alignment with the evolving standards of our peers, we are committed to fostering a culture of transparency, accountability, and collaboration with our stakeholders to drive sustainable development that benefits all.

Recognising the growing importance of Environmental, Social, and Governance (ESG) factors within our industry, we have embedded these principles deeply into our corporate strategy. By aligning our practices with global benchmarks and industry leaders, we aim to minimise our environmental footprint, contribute positively to society, and uphold the highest standards of governance. This commitment reflects our dedication to creating long-term value for all stakeholders while addressing the broader impact of our operations on society and the environment.

SECTION A: GENERAL DISCLOSURES

Details of the listed entity


I. Details of the listed entity
1. Corporate Identity Number (CIN) of the Listed Entity 2. Name of the Listed Entity 3. Year of incorporation 4. Registered ofce address 5. Corporate address 6. E-mail id 7. Telephone 8. Website 9. Financial year for which reporting is being done 10. Name of the Stock Exchange(s) where shares are listed 11. Paid-up Capital 12. Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report 13. Reporting boundary 14. Name of Assurance provider 15. Type of Assurance obtained	L29100GJ1960PLC001082 Elecon Engineering Company Limited 1960 Anand-Sojitra Road, Vallabh Vidyanagar 388 120, Dist. Anand, Gujarat, India. Anand-Sojitra Road, Vallabh Vidyanagar - 388 120, Dist. Anand, Gujarat, India. [email protected] +91-2692-238701 www.elecon.com 2024-25 National Stock Exchange of India Limited and BSE Limited `2,244.00 Lakhs Mrs. Bharti L. Isarani, Company Secretary & Compliance Ofcer [email protected] Standalone Basis CNK & Associates LLP Reasonable Assurance – BRSR Core KPIs Limited Assurance – Essential Indicators

I.
Details of the listed entity

1.
Corporate Identity Number (CIN) of the Listed Entity
2.
Name of the Listed Entity
3.
Year of incorporation
4.
Registered ofce address
5.
Corporate address
6.
E-mail id
7.
Telephone
8.
Website
9.
Financial year for which reporting is being done
10.
Name of the Stock Exchange(s) where shares are listed
11.
Paid-up Capital
12.
Name and contact details (telephone, email address) of
the person who may be contacted in case of any queries
on the BRSR report
13.
Reporting boundary
14.
Name of Assurance provider
15.
Type of Assurance obtained

L29100GJ1960PLC001082
Elecon Engineering Company Limited
1960
Anand-Sojitra Road,
Vallabh Vidyanagar 388 120,
Dist. Anand, Gujarat, India.
Anand-Sojitra Road,
Vallabh Vidyanagar - 388 120,
Dist. Anand, Gujarat, India.
[email protected]
+91-2692-238701
www.elecon.com
2024-25
National Stock Exchange of India Limited and BSE
Limited
`2,244.00 Lakhs
Mrs. Bharti L. Isarani,
Company Secretary & Compliance Ofcer
[email protected]
Standalone Basis
CNK & Associates LLP
Reasonable Assurance – BRSR Core KPIs
Limited Assurance – Essential Indicators

II. Products/services

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

Sr. No.	Description of Main Activity	Description of Business Activity	% of Turnover of the entity
1. Manufacturing, Repairs & Maintenance Electrical equipment, General purpose and Special purpose Machinery & Equipment, Transport equipment 100%

65[th] Annual Report 2024-25

Corporate Overview

Financial Statements 124-279

01-32 33-123

==> picture [233 x 30] intentionally omitted <==

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

Statutory Reports
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

==> picture [475 x 180] intentionally omitted <==

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

Sr. Product/Service NIC Code % of total Turnover
no. contributed
1 Gears (Reduction gears) 29131 70.16%
2 Bulk Material Handling Equipment 29151 27.37%
3 Repair and maintenance of bearings, gears, gearing and driving 29138 1.27%
element
4 Repair and maintenance of lifting and handling equipment 29158 1.20%
18. Number of locations where plants and/or operations/offices of the entity are situated:
Location Number of plants Number of offices Total
National 2 13 15
International - - -
----- End of picture text -----*

III. Operations

Number of locations where plants and/or operations/offices of the entity are situated:
However, Elecon has 4 manufacturing & assembly centres and 10 sales offices through its foreign subsidiaries.

19. Markets served by the entity:

a. Number of locations

Locations	Number
National (No. of States)	29
International(No. of Countries)	31

b. What is the contribution of exports as a percentage of the total turnover of the entity?
Exports constitute 8.60% of the total turnover of the entity.
c. A brief on types of customers

We are engaged in manufacturing of Industrial Gears and Material Handling Equipment. We cater to the following industries:

Steel Industries
Cement Manufacturing Industries
Power Generation & Transmission Industries
Sugar Manufacturing Industries
Material Handling Equipment Industries
Defense Industries
Mining Industries
Fertiliser Industries

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

IV. Employees

20. Details at the end of Financial Year:

a. Employees and workers (including differently abled)

Sr. No.	Particulars	Particulars	Male	Male	Female	Female
			No. (B)	% (B / A)	No. (C)	% (C / A)
EMPLOYEES 1. Permanent (D) 740 718 97.03% 22 2.97% 2. Other than Permanent (E) 3. Total employees (D + E) 740 718 97.03% 22 2.97% WORKERS 4. Permanent (F) 1,422 1,419 99.79% 3 0.21% 5. Other than Permanent (G) 6. Total workers (F + G) 1,422 1,419 99.79% 3 0.21%
b. Differently abled Employees and workers:
Sr. No.	Particulars	Total (A)	Male		Female
			No. (B)	% (B /A)	No. (C)	% (C/A)
DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 8 7 87.50% 1 12.50% 2. Other than Permanent (E) 3. Total differently abled employees (D + E) 8 7 87.50% 1 12.50% DIFFERENTLY ABLED WORKERS 1. Permanent (F) - - - - - 2. Other than Permanent (G) 3. Total differently abled workers (F + G) - - - - -

Participation/Inclusion/Representation of women:

Particulars	Total	No. and percentage of Females	No. and percentage of Females
	(A)	No. (B)	% (B / A)
Board of Directors 8 Key Management Personnel* 2		1 12.50% 1 50.00%

*Excluding Key Management Personnel covered under Board of Directors

Turnover rate for permanent employees and workers (in %)

Particulars	2024-25 (Turnover rate in Current FY)	2024-25 (Turnover rate in Current FY)	2024-25 (Turnover rate in Current FY)	2023-24 (Turnover rate in Previous FY)	2023-24 (Turnover rate in Previous FY)	2023-24 (Turnover rate in Previous FY)	2022-23 (Turnover rate in the year prior to Previous FY)	2022-23 (Turnover rate in the year prior to Previous FY)	2022-23 (Turnover rate in the year prior to Previous FY)
	Male	Female	Total	Male	Female	Total	Male	Female	Total
Permanent Employees Permanent Workers	9.30 4.55 9.15 9.82 11.54 9.88 9.12 11.11 9.17 8.00 - 8.00 38.10 - 38.10 32.36 - 32.36

65[th] Annual Report 2024-25

~~Statutory Reports~~ Financial Statements 01-32 33-123 124-279

Corporate Overview

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

23. (a) Names of Holding / Subsidiary / Associate Companies / Joint Ventures

==> picture [475 x 62] intentionally omitted <==

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

Sr. Name of the Holding / Subsidiary Indicate whether % of shares held by Does the entity indicated
No. / Associate Companies / Joint Holding/ listed entity at column A, participate
Ventures (A) Subsidiary/ in the Business
Associate/ Joint Responsibility initiatives of
Venture the listed entity? (Yes/No)
----- End of picture text -----

1	Radicon Transmission UK Limited	Subsidiary	100	No
2	Elecon Singapore PTE. Limited	Subsidiary	100	No
3	Elecon Middle East FZCO	Subsidiary	100	No
4	Benzlers Systems AB	Step Down	100	No
		Subsidiary
5	AB Benzlers	Step Down	100	No
		Subsidiary
6	Radicon Drive Systems Inc.	Step Down	100	No
		Subsidiary
7	Benzlers Transmission A.S.	Step Down	100	No
		Subsidiary
8	Benzlers Antriebstechnik G.m.b.h	Step Down	100	No
		Subsidiary
9	Benzlers TBA B.V.	Step Down	100	No
		Subsidiary
10	OY Benzlers AB	Step Down	100	No
		Subsidiary
11	Benzlers Italia s.r.l.	Step Down	100	No
		Subsidiary
12	Elecon Radicon Africa (Pty) Limited	Step Down	100	No
		Subsidiary
13	Eimco Elecon (India) Limited	Associate	16.62%	No

VI. CSR Details

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

Yes

(ii) Turnover (in **)** - 1,87,112 Lakhs (2024-25)

(iii) Net worth (in **)** - 1,65,327 Lakhs (2024-25)

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

VII. Transparency and Disclosures Compliances

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

==> picture [475 x 274] intentionally omitted <==

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

Stakeholder Grievance 2024-25 2023-24
group from Redressal (Current Financial Year) (Previous Financial Year)
whom Mechanism
Number of Number of Remarks Number of Number of Remarks
complaint is in Place
complaints complaints complaints complaints
received (Yes/No) (If
filed during pending filed during pending
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 - - NA - - NA
Investors Yes - - NA - - NA
(other than
shareholder)
Shareholders Yes 11 - NA 9 - NA
Employees Yes - - NA - - NA
and workers
Consumers Yes 583 23 NA 359 15 NA
Value Chain Yes - - NA - - NA
Partners
Other (please - - - NA - - NA
specify)
----- End of picture text -----

Links: https://www.elecon.com/investors/policies

https://www.elecon.com/views/templates/admin-uploads/Investors/Policies/Code%20of%20Conduct-new-2023.pdf - - https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Human%20Rights%20Policy new-2023.pdf - https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Supplier%20Code%20of%20 Conduct-2023.pdf - https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Customer%20Relationship%20 - Policy 2023.pdf

Overview of the entity’s material responsible business conduct issues

Sr. No.	Material issue identifed	Indicate whether risk or opportunity (R/O)	Rationale for identifying the risk / opportunity	In case of risk, approach to adapt or mitigate	Financial implications of the risk or opportunity (Indicate positive or negative implications)
1 Sustainable Product Opportunity Our R&D team is dedicated to enhance our product range to minimise electricity and oil consumption during operation. Both our existing and upcoming products are focused on use of recyclable materials. - Positive

65[th] Annual Report 2024-25

~~Statutory Reports~~ Financial Statements

Corporate Overview

01-32 33-123

124-279

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

==> picture [475 x 62] intentionally omitted <==

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

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

2	Renewable	Opportunity	In our commitment to renewable energy,	-	Positive
	Energy		we have transitioned to solar and wind power, signifcantly expanding our
			renewable energy footprint. This shift not only benefts the environment but
			also helps to reduce our energy costs.
			Currently, we have an installed capacity
			of 5.5 MW in solar and 13.25 MW in
			wind farms. Our efforts are ongoing as
			we work towards commissioning 4 MW
			of solar and 3 MW of wind renewable
			energy capacity. These initiatives refect
			our dedication to sustainability and our
			proactive approach to adopting clean
			energy solutions.
3	Sustainable	Opportunity	The Company values long-term	-	Positive
	supply chain		relationships with suppliers, viewing
			them as essential partners in growth.
			We regularly organise Strategic Partner
			Meetings to strengthen these bonds,
			promote open communication, and
			foster collaboration. This approach
			ensures mutual success, aligns
			strategic goals, and drives sustainable
			growth through shared innovation and
			partnership.
4	Occupational	Risk	Neglecting health and safety can	We are	Negative
	Health &		disrupt smooth operations, reduce	enhancing
	Safety		workforce availability and potentially	our safe work
			result in legal action. Ensuring robust	practices/
			health and safety measures is crucial to maintaining operational efciency,	procedures by automating most
			protecting employee well-being, and	of our machinery
			avoiding costly litigation. This proactive	and working
			approach safeguards the Company’s	procedures. In
			productivity and reputation.	addition, we are
				working towards
				increasing the
				frequency and
				coverage of
				our training
				and awareness
				programs.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

==> picture [475 x 62] intentionally omitted <==

5	Training and Skill Develop-	Opportunity	Our skill enhancement and training programs boost efciency and help	-	Positive
	ment		retain our highly skilled workforce. By
			investing in continuous learning and
			professional development, we ensure
			our employees remain competent
			and engaged, leading to improved
			performance and long-term retention of
			specialised talent.
			This commitment to growth drives our
			overall success and competitiveness.
6	Stakeholder	Opportunity	As we strive to become a more	-	Positive
	Engagement		sustainable business, including diverse
			stakeholders in our growth journey is
			essential. We incorporate their feedback
			into our strategic planning and regularly
			engage with employees, investors,
			suppliers, and customers. Through
			initiatives like employee engagement
			programs, investor meetings, and
			vendor conferences, we ensure ongoing
			collaboration and alignment with our
			sustainability goals.
7	Ethical	Opportunity	Adhering to ethical behavior, as outlined	-	Positive
	Behavior		in our Code of Conduct, promotes good
			governance and ensures compliance
			with regulatory standards. Our Company places signifcant emphasis on ethical
			conduct and compliance, and it is one
			of our core values. This commitment
			fosters a positive organisational culture,
			upholding integrity, accountability, and
			responsible business practices.

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements.

Disclosure Questions

==> picture [494 x 18] intentionally omitted <==

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

Policy and management processes P1 P2 P3 P4 P5 P6 P7 P8 P9
----- End of picture text -----

a.	Whether your entity’s policy/policies cover each	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
	principle and its core elements of the NGRBCs.
	(Yes/No)
b.	Has the policy been approved by the Board?	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
	(Yes/No)
c.	Web Link of the Policies, if available		https://www.elecon.com/investors/policies

65[th] Annual Report 2024-25

~~Statutory Reports~~ Financial Statements 01-32 33-123 124-279

Corporate Overview

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

==> picture [494 x 18] intentionally omitted <==

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

Policy and management processes P1 P2 P3 P4 P5 P6 P7 P8 P9
----- End of picture text -----

2.	Whether the entity has translated the policy into	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
	procedures. (Yes / No)
3.	Do the enlisted policies extend to your value chain	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Do the enlisted policies extend to your value chain partners? (Yes/No)

ISO 14001 (2015), ISO 45001 (2018), Authorised Economic Operator certification, Great Place to Work certification, ISO 9001 (2015), API standards as per requirement, National Accreditation Board for Testing & Calibration Laboratories (NABL) certificate, CE/ATEX certification for certain products.

Name of the national and international codes/ certifications/labels/ standards (e.g. Forest Stewardship Council, Fairtrade, Rainforest Alliance, Trustea) standards (e.g. SA 8000, OHSAS, ISO, BIS) adopted by your entity and mapped to each principle.
Specific commitments, goals and targets set by the entity with defined timelines, if any.

Sustainability Commitments:

Renewable Energy Investments: Strategic projects for enhancement of 3 MW windmill(s) and 4 MW solar farms by next financial year.
SBTi Goals: The Company has committed to reduce absolute scope 1 and 2 GHG emissions 54.6% by FY 2033. The Company has also committed that 81.4% of its suppliers by emissions covering purchase of goods and services, and up and downstream transportation and distribution, by FY 2028.
Environmental Stewardship: Enhancing rainwater recharge wells by next financial year.
Adoption of EVs: Usage of electric vehicles / equipment into operations to reduce fossil fuel consumption resulting into minimisation of carbon emissions.
Inclusivity & Awareness: Conducting sustainabilityfocused ongoing training and awareness programs for value chain partners.
Performance of the entity against specific commitments, goals and targets along-with reasons in case the same are not met.

We installed a 1 MW solar roof top in the Company premises. The balanced committed 3 MW solar farm increased to 4 MW solar farm, which will be commissioned in the next financial year.

Additionally, our wind farm generates electricity supplied to the grid, with unit credits offsetting our electricity bill. Our total capacity includes 5.5 MW in solar and 13.25 MW in windfarms.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Governance, leadership and oversight

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)

The Company stands as a beacon of industry leadership, driven by the visionary efforts of its founders and successors to achieve excellence through a sustainability-focused business strategy. This approach harmonises ecological and social progress with financial growth, reflecting a commitment to creating long-term value for all stakeholders. Inspired by industry best practices, we prioritise customer satisfaction, adopt eco-friendly and energy-efficient manufacturing processes and uphold exemplary standards in workplace safety and employee well-being.

To embed sustainability across our operations, our Board and Committees actively engage in strategic discussions on key ESG issues, guided by a materiality assessment process. Our open and continuous dialogue with employees, suppliers, customers, associations and regulatory authorities ensures a collaborative approach to driving progress in quality, environmental stewardship and workplace safety.

Our innovative solutions empower industries and businesses to reduce their environmental footprint, contributing to a sustainable future. With significant investments in renewable energy, we are transitioning to cleaner energy sources, including the commissioning of an additional 4 MW of solar and 3 MW wind farm capacity this year, complementing our existing 5.5 MW solar and 13.25 MW wind energy assets. These initiatives not only enhance energy efficiency but also deliver cost savings, reinforcing our commitment to operational excellence.

Recognising the evolving ESG landscape, we continuously review and enhance our management systems through rigorous internal and external evaluations. This iterative approach drives improvements in our overall performance, ensuring alignment with global sustainability benchmarks. The strong emphasis on our ESG and Sustainability agenda reflects our dedication to fostering resilience, innovation and shared value creation, positioning us as a leader in sustainable business practices.

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

Our Board has overview on the Business Responsibility Policies. Respective Business Heads are responsible for implementing and driving the policies.

Does the entity have a specified Committee of the Board/ No. Our Board, during their meetings, discusses topics Director responsible for decision making on sustainability on sustainability and takes appropriate decisions as related issues? (Yes / No). If yes, provide details. and when required. The respective business heads are responsible for implementation and monitoring of ESG parameters within their scope.
Details of Review of NGRBCs by the Company:

==> picture [468 x 39] intentionally omitted <==

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

Subject For Review Indicate whether review was undertaken Frequency (Annually /Half yearly/
by Director / Committee of the Board/ Quarterly, Any other-Please Specify)
Any other Committee
----- End of picture text -----

Subject For Review	Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee Frequency (Annually /Half yearly/ Quarterly, Any other-Please Specify)
Performance against above policies and follow up action	P1 P2 P3 P4 P5 P6 P7 P8 P9 P1 P2 P3 P4 P5 P6 P7 P8 P9
	As a sustainable practice, our Board reviews the policies on need basis and sustainability initiatives on an annual basis. During review, the effectiveness of the policies is assessed and any necessary changes to policies and procedures are adopted. Department and Business Heads also review our policies and their effectiveness periodically and any update or change is timely presented to the Board for approval, if required. Our Board reviews the policies on need basis and sustainability initiatives on an annual basis.

Subject For Review

Indicate whether review was undertaken
by Director / Committee of the Board/
Any other Committee
Frequency (Annually /Half yearly/
Quarterly, Any other-Please Specify)

Performance against
above policies and follow
up action

P1
P2
P3
P4
P5
P6
P7
P8
P9
P1
P2
P3
P4
P5
P6
P7
P8
P9

As a sustainable practice, our Board
reviews the policies on need basis and
sustainability initiatives on an annual
basis. During review, the effectiveness of
the policies is assessed and any necessary
changes to policies and procedures
are adopted. Department and Business
Heads also review our policies and their
effectiveness periodically and any update
or change is timely presented to the Board
for approval, if required.
Our Board reviews the policies on need
basis and sustainability initiatives on an
annual basis.

Compliance with statutory Board of Directors and its Committee Annual Basis requirements of relevance to the principles, and, rectification of any noncompliances

65[th] Annual Report 2024-25

Corporate Overview

01-32

==> picture [277 x 37] intentionally omitted <==

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

Statutory Reports
Financial Statements
33-123 124-279
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

P1 P2 P3 P4 P5 P6 P7 P8 P9

While the Company has not carried out an independent audit of the policies, the policies are periodically reviewed by the Board and its Committees as well as Auditors of respective functions like ISO Auditors, Internal Auditors and Secretarial Auditors, etc. In addition, Elecon is certified for ISO 9001, ISO 14001 and ISO 45001 which are assessments done by external audit agency. They assess the policies and procedures maintained by the organisation as part of the certification process. The Information security policy, privacy policy and risk management policy have been reviewed as part of this process. Elecon has documented management policies reviewed and approved by Management.

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

Questions P1 P2 P3 P4 P5 P6 P7 P8 P9

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) 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)

Not Applicable

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 categorised as “Essential” and “Leadership”. While the essential indicators are expected to be disclosed by every entity that is mandated to file this report, the leadership indicators may be voluntarily disclosed by entities which aspire to progress to a higher level in their quest to be socially, environmentally, and ethically responsible.

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

Essential Indicators

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

Segment	Total number of training and awareness programmes held	Topics / principles covered under the training and its impact	Percentage of people in respective category covered by the awareness programmes
Board of Directors 4 Recent Amendment in the SEBI Regulations, SEBI (LODR) Regulations, 2015 and SEBI (Prohibition of Insider Training) Regulations, 2015, Training of code of conduct, ESG Policy 100.00% Key Managerial Personnel 7 POSH, Skill Enhancement, Health & Safety, Leadership 64.29%

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Segment	Total number of training and awareness programmes held	Topics / principles covered under the training and its impact	Percentage of people in respective category covered by the awareness programmes
Employees other than BoD and KMPs 88 POSH, Values, Health & Safety, Human Rights & Culture, Skill Enhancement 100% Workers 75 Health & Safety, Skill Enhancement, Quality & Manufacturing Circle Awareness 81.08%

2 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 Requirements) Regulations, 2015 and as disclosed on the entity’s website):

==> picture [474 x 298] intentionally omitted <==

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

Monetary
NGRBC Name of the Amount Brief of the Case Has an appeal
Principle regulatory/ (In Lakhs) been preferred? enforcement (Yes/No) agencies/ judicial institutions Penalty/ Fine Principle 1 GST State 2.07 Penalty was levied No Tax Officer - regarding Tax Adjudication, Invoice Raised to Coimbatore an Unregistered (Tamil Nadu) business place of a Register Taxpayers. Settlement - None - Not applicable Not applicable Compounding fee - None - Not applicable Not applicable Non - Monetary NGRBC Name of the Amount Brief of the Case Has an appeal Principle regulatory/ (In ) been preferred?
enforcement (Yes/No)
agencies/ judicial
institutions
Imprisonment - None - Not applicable Not applicable
Punishment - None - Not applicable Not applicable
----- End of picture text -----

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

Case Details	Name of the regulatory/ enforcement agencies/ judicial institutions
Not Applicable Not Applicable

4 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. It is a part of our Code of Conduct. We ensure all our systems are operated ethically.

65[th] Annual Report 2024-25

Corporate Overview

Financial Statements

01-32

==> picture [233 x 30] intentionally omitted <==

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

Statutory Reports
----- End of picture text -----

==> picture [26 x 7] intentionally omitted <==

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

33-123
----- End of picture text -----

124-279

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Web-link to the policy:

https://www.elecon.com/views/templates/admin-uploads/Investors/Policies/Elecon-Code-of-Conduct.pdf, https://www.elecon.com/views/templates/admin-uploads/Investors/Policies/Code%20of%20Conduct-new-2023.pdf.

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

==> picture [475 x 87] intentionally omitted <==

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

Particulars 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Directors - -
KMPs - -
- -
Employees
Workers - -
----- End of picture text -----

6 Details of complaints with regard to conflict of interest:

==> picture [475 x 100] intentionally omitted <==

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

Particulars 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Number Remarks Number Remarks
Number of complaints received in relation to - -
Not Applicable Not Applicable
issues of Conflict of Interest of the Directors
Number of complaints received in relation - -
Not Applicable Not Applicable
to issues of Conflict of Interest of the KMPs
----- End of picture text -----

7 Provide details of any corrective action taken or underway on issues related to fines / penalties / action taken by regulators/ law enforcement agencies/ judicial institutions, on cases of corruption and conflicts of interest.
Not applicable.
8 Number of days of accounts payables ((Accounts payable *365) / Cost of goods/services procured) in the following format:

Particulars	2024-25 (Current Financial Year)	2023-24 (Previous Financial Year)
Number of days of account payables 79 78

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

9 Open-ness of business:

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

==> picture [475 x 273] intentionally omitted <==

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

Parameter Metrics 2024-25 2023-24
(Current (Previous
Financial Year) Financial Year)
Concentration of a. Purchases from trading houses as % of total
14.45% 17.95%
Purchases purchases
b. Number of trading houses where purchases are
372 435
made from
c. Purchases from top 10 trading houses as % of
58.33% 59.41%
total purchases from trading houses
Concentration of a. Sales to dealers / distributors as % of total sales 8.90% 9.37%
Sales
b. Number of dealers / distributors to whom sales
69 64
are made
c. Sales to top 10 dealers/ distributors as % of total
59.37% 58.17%
sales to dealers / distributors
Share of RPTs in a. Purchases (Purchases with related parties /
13.40% 12.14%
Total Purchases)
b. Sales (Sales to related parties / Total Sales) 7.23% 8.14%
c. Loans & advances (Loans & advances given to related parties / Total loans & advances) - -
d. Investments (Investments in related parties /
21.77% 34.62%
Total Investments made)
----- End of picture text -----

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

Essential Indicators

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

==> picture [475 x 40] intentionally omitted <==

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

2024-25 2023-24 Details of improvements in environmental and social
(Current (Previous impacts
Financial Year) Financial Year)
----- End of picture text -----

R&D	-	-	Our R&D department is not only focused on upgrading our
			technology but also focused on making our products more
			sustainable. To reduce the environment and social impact of
			our products the department works on projects considering
			reduction of weight of our product and optimal use of oil
			in operations, improvising safety features and operational
			eficiency.
			Our R&D/Manufacturing department created a process for
			producing higher quality class gears to reduce meshing losses,
			which increases gearbox eficiency and reduces power loss.
			Furthermore, higher quality gears minimise noise levels, which
			is critical for the environment.

65[th] Annual Report 2024-25

Corporate Overview

Financial Statements

01-32

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

==> picture [233 x 30] intentionally omitted <==

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

Statutory Reports
----- End of picture text -----

==> picture [142 x 7] intentionally omitted <==

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

33-123 124-279
----- End of picture text -----

==> picture [475 x 40] intentionally omitted <==

Capex	14.08%	10.15%	Increased renewable energy generation & consumption by
			adding 1 MW solar roof top system.
			New auto scrap transfer conveyor system to eliminate
			human intervention and fatigue as well as increase safety
			for work force.
			Installation of Cooling system for human comfort at new workshop and ofce.

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

Yes

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

Around 80% of inputs were sourced sustainably, the Company has formulated an operating procedure to approve vendors. Materials are procured from approved vendors both, local and international. The quality assurance team of the Company conducts periodic audit of the vendors, especially those who supply key materials and there is very specific focus towards the conservation of energy, water & environment at their end.

3. 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.

Our product line comprises products predominantly made of metals, accounting for around 99% of the composition. This metal content renders our products highly recyclable. The materials used, including ferrous and non-ferrous elements, contribute to a robust and sustainable life cycle lasting approximately 20-25 years. As a result, direct reclamation of our products for recycling post their life cycle is currently unviable.

Our product manual serves as a tool to raise awareness among customers, advocating for the recycling of used products through designated recyclers. At the end of their life cycle, our products do not generate plastic, e-waste, hazardous waste, or any other form of waste, aligning with our commitment to environmental sustainability.

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

Yes, we are disposing the waste in line with the EPR requirement to registered recyclers.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

Essential Indicators

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

		% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by	% of employees covered by
Category	Total (A)	Health insurance		Accident insurance		Maternity benefts		Paternity Benefts		Day Care facilities
		Number	%	Number	%	Number	%	Number	%	Number	%
Male 718 Female 22 Total 740		Permanent Employees and Other than Permanent Employees 718 100% 718 100% - - - - - - 22 100% 22 100% 22 100% - - - - 740 100% 740 100% 22 100% - - - -

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

		% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by	% of workers covered by
Category	Total (A)	Health insurance		Accident insurance		Maternity benefts		Paternity Benefts		Day Care facilities
		Number	%	Number	%	Number	%	Number	%	Number	%
Male 1,419 Female 3 Total 1,422		Permanent Employees and Other than Permanent Employees 1,419 100% 1,419 100% - - - - - - 3 100% 3 100% 3 100% - - - - 1,422 100% 1,422 100% 3 0.21% - - - -

==> picture [477 x 293] intentionally omitted <==

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

c. Spending on measures towards well-being of employees and workers (including permanent and other than
permanent) in the following format:
Particulars 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Cost incurred on wellbeing measures as a % of total revenue 0.03% 0.04%
of the Company
Details of retirement benefits, for Current Financial Year and Previous Financial Year.
Benefits 2024-25 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 100% 100% Y 100% 100% Y
Gratuity 100% 100% Y 100% 100% Y
ESI NA NA NA NA NA NA
Others – Please Specify
Felicitation Scheme 100% NA NA 100% NA NA
NPS 5.50% - Y 5.68% - Y
----- End of picture text -----*

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

The facilities and branches of the Company are either exempted from or not covered under ESIC Scheme.

65[th] Annual Report 2024-25

~~Statutory Reports~~ Corporate Overview Financial Statements 01-32 33-123 124-279

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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, our office and manufacturing unit are accessible to differently abled employees and workers.

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

Yes, we emphasise on treating every individual with dignity and respect inside our organisation and throughout the supply chain. We also ensure that Human Rights Policy is strictly adhered in our premises and also encourages its supply chain partners to comply with our policy.

- https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Human%20Rights%20Policy new-2023.pdf

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

Gender	Permanent Employees	Permanent Employees	Permanent Workers	Permanent Workers
	Return to work rate	Retention rate	Return to work rate	Retention rate
Male Female Total	- - - - 100% 100% - - 100% 100% - -**

*One female employee went on maternity leave during the 2023-24 financial year and returned in April 2024. Another female employee went on maternity leave in June, 2024 and returned in December, 2024.

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

==> picture [475 x 31] intentionally omitted <==

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

Yes/No
(If Yes, then give details of the mechanism in brief)
----- End of picture text -----

Permanent Employees	Yes*, we have a grievance redressal mechanism which is elaborated in our
Other than Permanent Employees	Code of Conduct through which Employees & Workers can raise their concerns,
Permanent Workers	and which are addressed at the earliest.
Other than Permanent Workers	Employees & Workers will promptly report to the Management about any actual
	or possible violation of the Code of Conduct, or any event he or she becomes
	aware of that could affect the business or reputation of any unit of our Company
	to the appropriate person(s)as defned in the policy.

*Detailed redressal mechanism can be viewed in specific policies whose link is https://www.elecon.com/investors/ policies,

https://www.elecon.com/views/templates/admin-uploads/Investors/Policies/Code%20of%20Conduct-new-2023.pdf - - https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Code of Conduct 2023.pdf, - - https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Human%20Rights%20Policy new-2023.pdf

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

==> picture [475 x 188] intentionally omitted <==

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

Category 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Total No. of % (B / A) Total No. of % (C / D)
employees/ employees/ employees/ employees
workers in workers in workers in / workers in
respective respective respective respective
category (A) category, who category (C) category, who
are part of are part of
association(s) association(s)
or Union (B) or Union (D)
Total Permanent Employees
Male - - - - - -
Female - - - - - -
Total Permanent Workers
Male - - - - - -
Female - - - - - -
----- End of picture text -----

8. Details of training given to employees and workers:

==> picture [475 x 191] intentionally omitted <==

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

Category 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Total On Health and On Skill Total On Health and On Skill
(A) safety measures upgradation (D) safety measures upgradation
No. (B) % (B / A) No. (C) % (C / A) No. (E) % (E / D) No. (F) % (F / D)
Employees
Male 718 718 100% 579 81% 665 648 97% 545 82%
Female 22 19 86% 11 50% 22 22 100% 15 68%
Total 740 737 100% 590 80% 687 670 98% 560 82%
Workers
Male 1,419 959 68% 592 42% 1,286 1,286 100% 349 28%
Female 3 1 33% - - 1 1 100% - -
Total 1,422 960 68% 592 42% 1,287 1,287 100% 349 28%
----- End of picture text -----

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

==> picture [476 x 162] intentionally omitted <==

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

Category 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Total (A) No. (B) % (B / A) Total (C) No. (D) % (D / C)
Employees
Male 718 694 97% 665 640 96%
Female 22 22 100% 22 20 91%
Total 740 716 97% 687 660 96%
Workers
Male 1,419 - - 1,286 - -
Female 3 - - 1 - -
Total 1,422 - - 1,287 - -
----- End of picture text -----

Only employees joining before the cut-off date, i.e., December 31, are eligible for performance review.

65[th] Annual Report 2024-25

Corporate Overview

==> picture [283 x 37] intentionally omitted <==

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

Statutory Reports
Financial Statements
01-32 33-123 124-279
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

10 Health and safety management system:

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

Yes, at Elecon, safety is ingrained as a fundamental value rather than just a priority. To mitigate safety incidents and emphasise the importance of well-being, we take proactive and preventive measures. These include safety audits, emergency preparedness plans, fire safety protocols, comprehensive training, and targeted initiatives. Our dedication to preventing injuries and occupational illnesses is reflected in our adherence to ISO 45001:2018 standards and similar guidelines, which we promote throughout our organisation. This comprehensive occupational health and safety management system underscores our commitment to ensuring a safe and healthy work environment for all employees. The detailed policy is available at https://www.elecon.com/views/templates/ admin-uploads/Investors/Policies/EHS%20policy-2023.pdf.

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

To ensure comprehensive risk management across our offices and manufacturing facility, we have implemented a systematic risk management procedure. This includes active involvement from engineers, production-in-charge personnel, and members of the Environment Health & Safety (EHS) team in conducting risk assessments and managing identified risks. Documentation, approval, and communication of risk mitigation plans to relevant stakeholders are integral steps in our risk management process. Our operations are guided by safety observations, rectification plans, and procedures encompassing Hazard Identification & Risk Assessment for all activities, contractor safety management, and regular external audits to maintain a safe and compliant workplace.

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

Yes, We have a structured risk management approach in place to ensure safety across our offices and manufacturing facility. This involves engineers, production supervisors, and EHS team members actively participating in risk assessments and managing identified risks. Documenting, approving, and communicating risk mitigation plans to stakeholders is crucial. Our operations are guided by safety observations, rectification plans, and procedures covering Hazard Identification & Risk Assessment, contractor safety management, and routine external audits for workplace safety compliance.

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

Yes, all workers, including their dependent family members, have access to an external multispecialty reputed hospital in close proximity to our premises. This hospital is equipped with the latest facilities and infrastructure to provide comprehensive non-occupational medical and healthcare services. Additionally, we conduct awareness programs conducted by experts on various topics such as good health habits, heart attack, varicose veins, orthopedic pain, and more to educate and empower our employees and their families.

Furthermore, all our employees are covered under a group health insurance policy that ensures access to a wide range of non-occupational medical and healthcare services. This coverage reinforces our commitment to supporting the well-being and health needs of our workforce and their loved ones.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

==> picture [475 x 197] intentionally omitted <==

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

Safety Incident/Number Category 2024-25 2023-24
(Current (Previous
Financial Year) Financial Year)
Lost Time Injury Frequency Rate Employees - -
(LTIFR) (per one Million-person
hours worked) Workers 0.18 0.20
Total recordable work-related - -
Employees
injuries
Workers 1 1
No. of fatalities - -
Employees
Workers - -
High consequences for work- Employees - -
related injury or ill-health (excluding
fatalities) Workers - -
----- End of picture text -----

12. Describe the measures taken by the entity to ensure a safe and healthy workplace.

The entity maintains a safe and healthy workplace through a range of measures. These include routine safety audits, emergency preparedness plans, fire safety measures, and comprehensive training programs. Hazards are promptly identified, and risk levels are mitigated to acceptable standards, with controls regularly reviewed and deviations addressed promptly. Adherence to safety protocols is closely monitored, with a focus on hazard elimination. Additionally, periodic training and awareness sessions reinforce safety practices, fostering a culture of safety across all operations. This holistic approach ensures that the entity prioritises the well-being of its employees and creates a conducive environment for productive and safe work.

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

==> picture [475 x 104] intentionally omitted <==

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

Category 2024-25 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
year year
Working Conditions - - NA - - NA
Health & Safety - - NA - - NA
----- End of picture text -----

14. Assessments for the year:

	% of your plants and ofces that were assessed (by entity or statutory authorities or third parties)
Health and safety practices 100 Working Conditions 100

*Third party assessments are carried out viz. IMS audit. We also undertake external safety audit as per BIS 14489 and, approved accredited laboratories carry out workplace condition monitoring on timely basis.

65[th] Annual Report 2024-25

Corporate Overview

Financial Statements

01-32

124-279

==> picture [233 x 30] intentionally omitted <==

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

Statutory Reports
----- End of picture text -----

==> picture [26 x 7] intentionally omitted <==

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

33-123
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

15. 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.

Our actions are addressed in form of Kaizens and Poka-yoke based on recommendations received by assessments in order to mitigate the risk & concerns arising at working locations proactively with horizontal deployment.

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

Essential Indicators

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

Through our Stakeholder Engagement and Materiality Assessment process, we have identified important internal and external groups of stakeholders. These stakeholders play an important role in activities related to Elecon and can help our company shape a sustainable future.

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

==> picture [475 x 94] intentionally omitted <==

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

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

Customers	No	Direct engagement,	As and when required	To ensure product
		Customer satisfaction		quality and safety, high
		survey, Customer		customer satisfaction
		feedback
Shareholders	No	Email, SMS, Newspaper	Annually/ Half yearly/	Annual Financial
		advertisement, website	Quarterly	Statements and other
				related information
Employees	No	Meetings, Email, SMS,	Monthly/ Quarterly	Engagement Initiatives,
		Intranet, Posters,	meetings and continuous	Trainings and Policy
		Slogans	communications	updates, Occupational
				Health & Safety and
				other Department
				updates
Regulatory &	No	Direct engagement	As and when required	To comply with
Government				applicable regulations
Communities	No	Direct engagement, CSR	As and when required	To have an overview on
		partners		the implementation and
				success of the projects
Vendors	No	Regular supplier and	As and when required	To resolve supplier and
		contractor meets		contractor concerns and
				encourage suppliers
				to adhere to Elecon’s
				policies

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

PRINCIPLE 5: Businesses should respect and promote human rights

Essential Indicators

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

==> picture [475 x 194] intentionally omitted <==

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

Category 2024-25 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
740 740 100% 687 687 100%
Other than Permanent
Total Employee 740 740 100% 687 687 100%
Workers
Permanent
1,422 1,422 100% 1,287 1,287 100%
Other than Permanent
Total Workers 1,422 1,422 100% 1,287 1,287 100%
----- End of picture text -----

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

==> picture [475 x 157] intentionally omitted <==

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

Category 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Total Equal to Minimum More than Total Equal to Minimum More than
(A) Wage Minimum Wage (D) Wage Minimum Wage
No. (B) % (B / A) No. (C) % (C / A) No. (E) % (E / D) No. (F) % (F / D)
Employees (Permanent and Other than Permanent)
Male 718 - - 718 100% 665 - - 665 100%
Female 22 - - 22 100% 22 - - 22 100%
Workers (Permanent and Other than Permanent)
Male 1,419 62 4% 1,357 96% 1,286 64 5% 1,222 95%
Female 3 - - 3 100% 1 - - 1 100%
----- End of picture text -----

3. Details of remuneration/salary/wages, in the following format:

a. Median remuneration / wages:

	Male	Male	Female	Female
	Number	Median remuneration / salary / wages of respective category	Number	Median remuneration/ salary/ wages of respective category
Board of Directors (BoD) Key Managerial Personnel Employees other than BoD and KMP Workers	7 15,06,000 1 15,24,000 1 65,07,588 1 25,84,872 716 7,50,054 21 8,75,292 1,419 2,43,852 3 3,20,088

It is inclusive of remuneration, sitting fees with commission payable to the Directors for 2024-25.

65[th] Annual Report 2024-25

~~Statutory Reports~~

Corporate Overview

Financial Statements

01-32

124-279

==> picture [26 x 7] intentionally omitted <==

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

33-123
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

Particulars	2024-25 (Current Financial Year)	2023-24 (Previous Financial Year)
Gross wagespaid to females as % of total wages 2.27% 3.30%

The percentage is calculated basis CTC (inclusive of Gratuity) of female Employees (Permanent & Other than Permanent) to that of total CTC of Employees (Permanent & Other than Permanent).

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

Yes. The HR Department and respective Business Heads are responsible for addressing human rights-related issues.

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

Yes. The HR Department is the focal point of contact for any human rights issue. A cross-functional team is formed to verify and investigate if an issue is reported. After identifying and resolving the issue, a report is prepared, and all business heads are made aware of it for precautionary measures. In case of any severe human rights issues, the Board is presented with the report findings and further action to avoid repetition.

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

==> picture [475 x 177] intentionally omitted <==

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

2024-25 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
year year
Sexual Harassment - - NA - - NA
Discrimination at - - NA - - NA
workplace
Child Labour - - NA - - NA
Forced Labour/ - - NA - -
NA
Involuntary Labour
Wages - - NA - - NA
Other human rights - - NA - - NA
related issues
----- End of picture text -----

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

==> picture [475 x 87] intentionally omitted <==

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

Particulars 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
- -
Total Complaints reported under Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013 (POSH)
- -
Complaints on POSH as a % of female employees / workers
Complaints on POSH upheld - -
----- End of picture text -----

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

We are dedicated towards preventing harassment in the workplace, particularly sexual harassment, and have zero tolerance for such behavior. We support reporting any concerns about harassment and take complaints about it or any unpleasant or uncomfortable behavior seriously. Committee have been established to investigate complaints of sexual harassment and to suggest appropriate action where necessary.

We have a Prevention of Sexual Harassment (POSH) Policy and Human Rights Policy that defines the mechanism of resolving any discrimination and harassment case, which has set guidelines for members of the grievance redressal mechanism.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

Yes, we encourage our suppliers to adhere with our Supplier Code of Conduct and other policies. Our Supplier Code of Conduct can be viewed at https://www.elecon.com/views/templates/admin-uploads/Investors/Policies/Supplier%20 Code%20of%20Conduct-2023.pdf.

10. Assessments for the year:

==> picture [475 x 32] intentionally omitted <==

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

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

Child labour
Forced/involuntary labor	100%. Our HR team takes a survey by randomly selecting employees and
Sexual harassment	contractors for evaluation. An external auditor verifes and assesses the
Discrimination at workplace	processes followed by our HR team. Regulatory inspectors also verify the
Wages	processes being followed in our manufacturing plants.
Others – please specify

11. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 9 above.

There were no significant risks / concerns arising from the human rights assessments.

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

Essential Indicators

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

==> picture [475 x 287] intentionally omitted <==

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

(In Giga Joules)
Parameter 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
From renewable sources (Giga Joules)
Total electricity consumption (A) 32,292.25 41,306.60
- -
Total fuel consumption (B)
Energy consumption through other sources (Renewable
13,180.57 13,990.20
Energy) (C)
Total energy consumption (A+B+C) 45,472.82 55,296.80
From non-renewable sources (Giga Joules)
Total electricity consumption (D) 63,760.50 50,751.20
Total fuel consumption (E) 51,287.00 32,161.10
- -
Energy consumption through other sources (F)
Total energy consumption from nonrenewable sources
1,15,047.50 82,912.30
(D+E+F)
Total energy consumption (A+B+C+D+E+F) 1,60,520.32 1,38,209.10
Energy intensity per rupee of turnover (Total energy
0.86 0.86
consumption/ revenue from operations)
----- End of picture text -----

65[th] Annual Report 2024-25

~~Statutory Reports~~

Corporate Overview

Financial Statements

01-32

124-279

==> picture [26 x 7] intentionally omitted <==

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

33-123
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

(In Giga Joules)

==> picture [475 x 126] intentionally omitted <==

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

Parameter 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Energy intensity per rupee of turnover adjusted for
Purchasing Power Parity (PPP) (Total energy consumed /
17.72 19.35
Revenue from operations adjusted for PPP) ((GJ/Lakh of
adjusted turnover)
Energy intensity in terms of physical Output - NA*
Energy intensity (optional) – the relevant metric may be selected by the entity - -
----- End of picture text -----**

*Small part of our solar rooftop electricity generated is supplied to the grid and the same is not included in this calculation as the value is not significant.

**Intensity, in terms of physical output, is not applicable due to the diverse range of products manufactured, majority of measured in numbers rather than tonnage, making it challenging to track in standardised units.

***Purchasing power parity (PPP) conversion factor is 20.66 for the year 2025 as per IMF data available at https://www.imf.org/external/datamapper/PPPEX@WEO/OEMDC/IND.

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 such assessment or evaluation is being carried out during the year

2. 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.

Not Applicable, as we do not have any recognised sites/facilities as a Designated Consumer (DC) under Perform, Achieve & Trade scheme.

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

==> picture [475 x 260] intentionally omitted <==

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

Particulars 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Water withdrawal by source (in kilolitres)
(i) Surface water - -
(ii) Groundwater 2,33,855.77 2,02,164.09
- -
(iii) Third party water
(iv) Seawater / desalinated water - -
(v) Others - -
Total volume of water withdrawal (in kilolitres) 2,33,855.77 2,02,164.09
(i + ii + iii + iv + v)
Total volume of water consumption (in kilolitres) 2,33,855.77 2,02,164.09
Water intensity per rupee of turnover (Water consumed / 1.25 1.26
turnover) – KL/INR Lakh
Water intensity per rupee of turnover adjusted for 25.82 28.31
Purchasing Power Parity (PPP) (Total water consumption /
Revenue from operations adjusted for PPP)
Water intensity in terms of physical output NA NA
- -
Water intensity (optional) – the relevant metric may be
selected by the entity
----- End of picture text -----*

*93,807.18 kiloliters consumption of recycled water is not considered in this calculation as per the definition in the regulation.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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 such assessment or evaluation is being carried out during the year.

4. Provide the following details related to water discharged:

==> picture [475 x 269] intentionally omitted <==

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

Parameter 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Water discharge by destination and level of treatment (in kilolitres)
(i) To Surface water -
- No treatment - -
- With treatment – please specify level of treatment - -
(ii) To Ground water (Gardening)
- No treatment -
- With treatment – please specify level of treatment 93,807.18 (Tertiary) -
(iii) To Sea water - -
- No treatment - -
- With treatment – please specify level of treatment - -
- -
(iv) Sent to third-parties
- No treatment - -
- With treatment – please specify level of treatment - -
(v) Other - -
- No treatment - -
- With treatment – please specify level of treatment - -
-
Total water discharge (in kilolitres) 93,807.18
----- End of picture text -----

Our units implement initiatives to conserve freshwater by recycling treated wastewater, ensuring ZLD (Zero Liquid Discharge).

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 such assessment or evaluation is being carried out during the year.

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

Yes. Our water stewardship strategy revolves around optimising water usage to minimise intake while maximising efficiency. Across all our company-owned facilities and offices, we prioritise water conservation and recycling efforts, aiming for Zero Liquid Discharge (ZLD). Following treatment, all wastewater is recycled to support the preservation and expansion of our green spaces. Moreover, we’ve implemented rainwater harvesting systems across our extensive industrial site, channeling collected rainwater into designated pits to replenish our groundwater levels.

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

==> picture [475 x 87] intentionally omitted <==

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

Parameter Units 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
NOx MT 15.68 0.17
SOx MT 0.19 0.16
Particulate matter (PM) MT 13.17 19.30
Persistent organic pollutants (POP) MT NA Not Available
----- End of picture text -----*

65[th] Annual Report 2024-25

~~Statutory Reports~~ Corporate Overview Financial Statements 01-32 33-123 124-279

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

==> picture [475 x 73] intentionally omitted <==

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

Parameter Units 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Volatile organic compounds (VOC) M MT 0.33 Not Available
Hazardous air pollutants (HAP) MT NA Not Available
Others – please specify NA NA Not Available
----- End of picture text -----

This year we have calculated air emissions for 17 stacks 2024-25 using CPCB Standards.

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

Yes, independent assessment has been carried out by external third-party agency. This agency is National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited, and Ministry of Environment, Forest and Climate Change (MoEF) approved.

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

==> picture [475 x 305] intentionally omitted <==

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

Parameter Units 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Total Scope 1 emissions (Break-up of the
GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, MtCO2e 2,361.24 2,213.45
NF3, if available)
Total Scope 2 emissions (Break-up of the
GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, MtCO2e 12,681.26 10,943.85
NF3, if available)
Total Scope 1 and Scope 2 emissions
per rupee of turnover (Total Scope 1 and
Scope 2 GHG emissions / Revenue from MtCO2e/ Lakh 0.08 0.08 operations) Total Scope 1 and Scope 2 emissions per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total Scope 1 and Scope 2 GHG MtCO2e/ Lakh 1.66 1.72
emissions / Revenue from operations
adjusted for PPP)
Total Scope 1 and Scope 2 emission - - NA
intensity in terms of physical output
Total Scope 1 and Scope 2 emission
- - -
intensity (optional) – the relevant metric
may be selected by the entity
----- End of picture text -----

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

No such independent assessment is being carried out during the year ending March 31, 2025.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

Yes, this year we have set up a 2 MW capacity of solar rooftop, significantly contributing to our organisation’s sustainability efforts by reducing greenhouse gas emissions. Additionally, to achieve net-zero emissions in our operations, we’ve established our own wind farm, which generates electricity supplied to the grid. We receive credits for the units contributed, effectively reducing our electricity bills. Our renewable energy infrastructure boasts a total installed capacity of 5.5 MW in solar rooftops and 13.25 MW in windfarms. Through the utilisation of these renewable sources, we’ve successfully avoided CO2 emissions.

We are committed to reducing our greenhouse gas emissions in alignment with the Science-Based Targets initiative (SBTi), target validation will get done this year. Our emission reduction target will be established based on identified decarbonisation strategies, including the adoption of renewable energy, enhancing energy efficiency, and implementing fuel-switching measures.

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

==> picture [475 x 315] intentionally omitted <==

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

Parameter 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Total Waste Generated (in metric tonnes)
Plastic waste (A) 11.56 10.99
E Waste (B) 3.71 -
- -
Bio medical waste (C)
- -
Construction and Demolition Waste (D)
Battery Waste (E) 4.14 2.41
- -
Radio-active waste (F)
Hazardous waste. Please specify, if any. (G) 127.43 156.34
Other Non-hazardous waste generated (H) Please specify, if
any (Break-up by composition i.e., by materials relevant to 14,463.59 10,773.12
the sector)
Total (A + B + C + D + E + F + G + H) 14,610.43 10,942.85
Waste intensity per rupee of turnover (Total waste
0.08 0.07
generated / Revenue from operations)
Waste intensity per rupee of turnover adjusted for
Purchasing Power Parity (PPP) (Total waste generated / 1.61 1.53
Revenue from operations adjusted for PPP)
Waste intensity in terms of physical output NA NA NA
Waste intensity (optional) – the relevant metric may be selected by the entity - -
----- End of picture text -----

65[th] Annual Report 2024-25

Corporate Overview

01-32 33-123

==> picture [277 x 37] intentionally omitted <==

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

Statutory Reports
Financial Statements
33-123 124-279
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

For each category of waste generated, total waste recovered through recycling, re-using or other recovery operations (in metric tonnes)

==> picture [475 x 103] intentionally omitted <==

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

Parameter 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Category of Waste
(i) Recycled 7,087.50 4,874.84
(ii) Re-used 7522.73 6,067.85
- -
(iii) Other recovery operations
Total 14,610.23 10,942.69
----- End of picture text -----

*Waste recovery is done internally as well as through authorised recyclers.

For each category of waste generated, total waste disposed of by nature of disposal method (in metric tonnes)

==> picture [475 x 103] intentionally omitted <==

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

Parameter 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Category of Waste
(i) Incineration 0.20 0.16
- -
(ii) Landfilling
- -
(iii) Other recovery operations
Total 0.20 0.16
----- End of picture text -----

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

No. During our ISO 14001 external audit, the waste collection procedure and data is verified as a part of the process.

10. 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.

We closely monitor waste management techniques. Automated machining of gear parts addresses this issue by minimising the amount of metal scrap generated. We generate a substantial amount of metal scrap, which is then reused in our foundry shop to make castings. Hazardous waste (used oil) contaminated empty containers (carboys, tins, cans, etc.) are disposed of to an approved recycler in accordance with regulatory requirements. Our foundry produces a substantial volume of burnt sand, which is used by recyclers in the infrastructure and building industries.

11. 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:

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

Not Applicable, as our plants/ offices are not situated in ecological sensitive areas where environmental approval/ clearance is required.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

==> picture [475 x 221] intentionally omitted <==

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

Name and brief details of project EIA Date Whether Results Relevant
Notification conducted communicated in Web link
No. by public domain
independent (Yes/No)
external
agency
(Yes/No)
Environmental impact assessments are not applicable to us, and we have not performed the same during the financial
year ending March 31, 2025.
13. 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: We are compliant with.
Sr. 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
----- End of picture text -----

13. 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: We are compliant with.

Not applicable, as we have not violated any ruled mentioned in the Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act for the year ending March 31, 2025.

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

Essential Indicators

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

We are associated with 9 trade and Industry chambers/ Associations
b. List the top 10 trade and industry chambers/ associations (determined based on the total members of such a body) the entity is a member of/ affiliated to.

==> picture [476 x 31] intentionally omitted <==

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

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

1	Confederation of Indian Industry (CII)	National
2	Federation Gujarat Industries (FGI)	State
3	Gujarat Chamber of Commerce & Industry (GCCI)	State
4	Central Gujarat Chamber of Commerce & Industry (CGCCI)	State
5	Indo-German Chamber of Commerce (IGCC)	National
6	EEPC India	National
7	Vitthal Udyognagar Industries Association	Local
8	Indian Institute of Materials Management	National
9	Quality Circle Federation of India(QCFI)	National

65[th] Annual Report 2024-25

~~Statutory Reports~~ Corporate Overview Financial Statements 01-32 33-123 124-279

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

Name of Authority Brief of the Case Corrective Action Taken

Not applicable, as no such adverse order is received from any authority for which corrective action must be taken by our Company for the year ending March 31, 2025.

PRINCIPLE 8: Businesses should promote inclusive growth and equitable development

Essential Indicators

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

==> picture [475 x 83] intentionally omitted <==

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

Name and brief details of SIA Date of Whether Results Relevant Web
project Notification notification conducted by communicated link
No. independent in public
external domain (Yes/
agency (Yes / No)
No)
Not Applicable
----- End of picture text -----

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

Sr. No.	Name of Project for which R&R is ongoing	State	District	No. of Project Affected Families (PAFs)	No. of Project Affected Families (PAFs)	Amounts paid to PAFs in the FY (In INR)
Not Applicable

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

We have grievance redressal mechanism in our Human Rights Policy. Our Board level CSR Committee is responsible to redresses any community related grievances.

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

==> picture [475 x 68] intentionally omitted <==

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

2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Directly sourced from MSMEs/ small producers 52.40% 62.00
Sourced directly from within the district and neighboring
46.48% 50.01
districts
----- End of picture text -----

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

==> picture [475 x 88] intentionally omitted <==

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

Location 2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Rural - -
Semi-Urban 90.55% 86.44%
Urban 2.44% 0.57%
Metropolitan 7.01% 12.99%
----- End of picture text -----

The percentage is calculated basis CTC (inclusive of Gratuity) of employees and workers to that of total CTC.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

Essential Indicators

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

We have divided our operational geography amongst branches. Each branch is responsible for customers in their respective geography. We have deployed service personnel in each of our geography. Our service personnel are technically sound and are being given regular training.

Our customers can raise issues or complaints in the respective branches or online in our central Customer Resolution Management. These details are made available in our handbook to every customer. After lodging of a complaint, we deploy our competent personnel to resolve the complaint. After resolution, the service personnel shall inform the customer of the preventive action to be taken to avoid further complaints and safe operations of our equipment.

Complaints are reported to all concern HOD’s/CEO/Vice President on Monthly basis and a Management Review Meeting (M.R.M.) is carried out every six months.

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

==> picture [475 x 18] intentionally omitted <==

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

As a percentage to total turnover
----- End of picture text -----

Environmental and social parameters relevant to the product	71.33%
Safe and responsible usage	100.00
Recycling and/or safe disposal	71.33%

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

==> picture [475 x 194] intentionally omitted <==

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

2024-25 2023-24
(Current Financial Year) (Previous Financial Year)
Received Pending Remarks Received Pending Remarks
during the resolution at during the resolution at
year end of year year end of year
- - - - - -
Data Privacy
- - - - - -
Advertising
- - - - - -
Cyber-security
Delivery of essential services - - - - - -
Restrictive Trade
Practices - - - - - -
Unfair Trade Practices - - - - - -
Other - - - - - -
----- End of picture text -----

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

	Number	Reasons for recall
Voluntary recalls Nil Forced recalls

65[th] Annual Report 2024-25

Corporate Overview

==> picture [283 x 37] intentionally omitted <==

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

Statutory Reports
Financial Statements
01-32 33-123 124-279
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

5. 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, we secure our digital data and maintain privacy through various mechanisms. We have our own internal IT policy which is adhered to.

https://www.elecon.com/views/templates/admin uploads/Investors/Policies/Data%20Privacy%20and%20Cyber%20 - Security%20Policy 2023.pdf

6. 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 Consumers; re-occurrence of instances of product recalls; penalty / action taken by regulatory authorities on safety of products / services.

Nil

7. Provide the following information relating to data breaches:

a. Number of instances of data breaches Nil b. Percentage of data breaches involving personally identifiable information of customers Not Applicable c. Impact, if any, of the data breaches Not Applicable
c. Impact, if any, of the data breaches

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

INDEPENDENT REASONABLE AND LIMITED ASSURANCE REPORT ON BUSINESS RESPONSIBILITY SUSTAINABILITY REPORT OF ELECON ENGINEERING COMPANY LIMITED

To,

The Board of Directors,

Elecon Engineering Company Limited Gujarat, India.

We have undertaken to perform a Reasonable Assurance for Business Responsibility Sustainability Report [hereinafter “BRSR”] ‘Core Key Performance Indicators (KPIs)’ and Limited Assurance for ‘Essential Indicators’ for Elecon Engineering Company Limited vide Engagement Letter dated December 27, 2024 in respect of the agreed BRSR in accordance with the criteria stated below. This is included in BRSR of the company for the financial year ended March 31, 2025.

Criteria

The criteria used by the Company to prepare the Identified Sustainability Information is as per the guidelines issued by Securities and Exchange Board of India (SEBI) in accordance with the circulars:

SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023
SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated July 12, 2023 and clarifications issued for the same.

This engagement was conducted by a multidisciplinary team including assurance practitioners, social, governance and environmental experts.

Identified Sustainability Information

The identified Sustainability Information for the financial year ended March 31, 2025 is summarised below as per Appendix 1;

The areas for which Reasonable and Limited assurance is undertaken are also given in Appendix 1 to the report; and

Our Reasonable and Limited assurance engagement was with respect to the year ended March 31, 2025 information only unless otherwise stated and we have not performed any procedures with respect to earlier periods or any other elements included in the BRSR and, therefore, do not express any conclusion thereon.

Management’s Responsibility

The Company’s management is responsible for selecting or establishing suitable criteria for preparing the Sustainability Information, considering applicable laws and regulations,

if any, related to reporting on Sustainability Information, Identification of key aspects, engagement with stakeholders, content, preparation and presentation of the Identified Sustainability Information in accordance with the Criteria. This responsibility includes design, implementation and maintenance of internal control relevant to the preparation of BRSR and the measurement of Identified Sustainability Information, which is free from material misstatement, whether due to fraud or error.

Inherent Limitations

The absence of a significant body of established practice on which to draw to evaluate and measure non-financial information allows for different, but acceptable, measures and measurement techniques and can affect comparability between entities.

Our Independence and Quality Control

We have maintained our independence and confirm that we have met the requirements of Code of Ethics issued by Institute of Chartered Accountants of India (ICAI) and have the required competencies and experience to conduct this assurance engagement and

The firm applies Standard on Quality Control (SQC) 1, “Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements” issued by the ICAI and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards, and applicable legal and regulatory requirements.

Our Responsibility

Our responsibility is to express a Reasonable and Limited assurance conclusion, as applicable and given in the Appendix 1 to this report on the Identified Sustainability Information based on the procedures we have performed and evidence we have obtained;

We conducted our engagement in accordance with the Standard on Sustainability Assurance Engagements (SSAE) 3000, “Assurance Engagements on Sustainability Information”, issued by the ICAI. This standard requires that we plan and perform our engagement to obtain reasonable assurance about whether the Identified Sustainability

65[th] Annual Report 2024-25

==> picture [313 x 37] intentionally omitted <==

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

Statutory Reports
Corporate Overview Financial Statements
01-32 33-123 124-279
----- End of picture text -----

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Information are prepared, in all material respects, in accordance with the Reporting Criteria. A reasonable assurance engagement involves assessing the risks of material misstatement of the Identified Sustainability Information whether due to fraud or error, responding to the assessed risks as necessary in the circumstances;

For the purpose of limited assurance, this standard requires that we plan and perform our engagement to obtain limited assurance about whether the Identified Sustainability Information is free from material misstatement;

A limited assurance engagement involves assessing the suitability in the circumstances of the Company’s use of the Criteria as the basis for the preparation of the Identified Sustainability Information, assessing the risks of material misstatement of the Identified Sustainability Information whether due to fraud or error, responding to the assessed risks as necessary in the circumstances, and evaluating the overall presentation of the Identified Sustainability Information;

A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks; and

The procedures we performed were based on our professional judgment and included inquiries, observation of processes performed, inspection of documents, evaluating the appropriateness of quantification methods and reporting policies, analytical procedures and agreeing or reconciling with underlying records.

Basis of Opinion:

Given the circumstances of the engagement, in performing the procedures listed above, we:

Obtained an understanding of the identified sustainability indicators and related disclosures;
Obtained an understanding of the assessment criteria and their suitability for the evaluation and / or measurements of the identified sustainability indicators;
Made enquiries of Company’s Management, including those responsible for Sustainability, Environment, Social, Governance (ESG), Corporate

Social Responsibility (CSR), etc., and those with responsibility for managing the Company’s BRSR;

Obtained an understanding and performed an evaluation of the design of the key systems, processes and controls for managing, recording and reporting on the Identified Sustainability Indicators including at the sites and corporate office visited;
Based on that understanding, the risks that the selected information may be materially misstated and determining the nature, timing and extent of further procedures;
Checked the consolidation for various domestic branch offices, 2 plant sites and corporate office under the reporting boundary (as mentioned in the BRSR) for ensuring the completeness of data being reported except data pertaining to energy, waste, water and emissions domestic branch offices are not included for the purpose of BRSR Core KPIs;
Based on above understanding and the risks that the identified sustainability indicators may be materially misstated, determined the nature, timing and extent of further procedures;
Performed substantive testing on a sample basis of the Identified Sustainability Indicators at corporate head office, and 2 plant sites located at Vallabh Vidyanagar, Gujarat to verify that data had been appropriately measured with underlying documents recorded, collated and reported;
Assessed records and performed testing including recalculation of sample data;
Reviewed records and performed testing including recalculation of sample data;
Assessed the level of adherence to the ‘Guidance note for BRSR format’ issued by SEBI followed by the Company in preparing the BRSR;
Assessed the BRSR for detecting, on a test basis, any major anomalies between the information reported in the BRSR on performance with respect to agreed indicators and relevant source data/information; and
Obtained representations from Company’s Management.

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Exclusions:

The following and therefore we do not express a conclusion on the same:

Operations of the Company other than those mentioned in the Scope of Assurance as per the above referred Engagement Letter;
Aspects of the BRSR and the data/information (qualitative or quantitative) other than the Identified Sustainability Information;
Data and information outside the defined reporting period i.e., Financial Year 2024-25 and
The statements that describe expression of opinion, belief, aspiration, expectation, aim, or future intentions provided by the Company.

Opinion on the Reasonable Assurance

Based on the procedures we have performed and the evidence we have obtained, the Identified Sustainability Information for the financial year ended March 31, 2025 (as stated under “Identified Sustainability Information”) are prepared in all material respects, in accordance with the criteria.

Limited Assurance Conclusion

Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the Company’s

Identified Sustainability Information included in the BRSR for year ended March 31, 2025 are not prepared, in all material respects, in accordance with the Criteria.

Restriction on use

Our Reasonable Assurance Report and Limited assurance conclusion have been prepared and addressed to the Board of Directors of Elecon Engineering Company Limited at the request of the company solely, to assist company in reporting on Company’s sustainability performance and activities. Accordingly, we accept no liability to anyone other than the company. Our Deliverables should not be used for any other purpose or by any person other than the addresses of our Deliverables. The firm neither accepts nor assumes any duty of care or liability for any other purpose or to any other party to whom our Deliverables are shown or into whose hands it may come without our prior consent in writing.

For C N K & Associates LLP

Chartered Accountants Firm Registration Number: 101961 W/W – 100036

Himanshu Kishnadwala

Partner Membership Number: 037391

Date: April 24, 2025 Place: Mumbai UDIN: 25037391BMLFTN1851

65[th] Annual Report 2024-25

~~Statutory Reports~~ Financial Statements 33-123 124-279

Corporate Overview

01-32

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

APPENDIX 1:

==> picture [494 x 29] intentionally omitted <==

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

Sr Indicator Number Name of Indicator Type of Assurance
No.
----- End of picture text -----

1	Section C - Principle	6 -Q7	Provide details of greenhouse gas emissions	Reasonable
			(Scope 1 and Scope 2 emissions) & its intensity,
			in the given format
2	Section C - Principle	6 -Q3	Provide details of the following disclosures	Reasonable
			related to water withdrawal, in the given format
3	Section C - Principle	6 -Q4	Provide the following details related to water	Reasonable
			discharged
4	Section C - Principle	6 -Q1	Details of total energy consumption (in Joules	Reasonable
			or multiples) and energy intensity, in the given
			format
5	Section C - Principle	6 -Q9	Provide details related to waste management by	Reasonable
			the entity, in the given format
6	Section C - Principle	3 - Q1c	Spending on measures towards well-being of	Reasonable
			employees and workers (including permanent
			and other than permanent) in the given format
7	Section C - Principle	3 - Q11	Details of safety related incidents, in the given	Reasonable
			format
8	Section C - Principle	5 - Q3b	Gross wages paid to females as % of total wages	Reasonable
			paid by the entity, in the given format
9	Section C - Principle	5 - Q 7	Complaints fled under the Sexual Harassment	Reasonable
			of Women at Workplace (Prevention, Prohibition
			and Redressal) Act, 2013, in the given format
10	Section C - Principle	8 -Q4	Percentage of input material (inputs to total	Reasonable
			inputs by value) sourced from suppliers
11	Section C - Principle	8-Q 5	Job creation in smaller towns - Disclose wages	Reasonable
			paid to persons employed (including employees
			or workers employed on a permanent or non-
			permanent / on contract basis) in the given
			locations, as % of total wage cost
12	Section C - Principle	9 - Q 7	Provide the following information relating to data	Reasonable
			breaches:
			a. Number Of instances of data breaches
			b. Percentage of data breaches involving personally identifable information of
			customers
			c. Impact, if any, of the data breaches

Elecon Engineering Company Limited

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

==> picture [494 x 30] intentionally omitted <==

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

Sr Indicator Number Name of Indicator Type of Assurance
No.
----- End of picture text -----

13	Section C - Principle 1 - Q 8	Number of days of accounts payables (Accounts	Reasonable
		Payable * 365) / cost of goods/services
		procured) in the given format.
14	Section C - Principle 1 - Q 9	Open-ness of business Provide details of	Reasonable
		concentration of purchases and sales with
		trading houses, dealers, and related parties
		along with loans and advances & investments,
		with related parties, in the given format
15	BRSR Report	1. Section A: General Disclosure – 24	Limited
		indicators
		2. Section B: Management & Process
		disclosures – 12 indicators
		3. Section C: Principle wise performance
		disclosures – 9 Principles (Essential
		indicators except the Core KPI’s as covered
		in Sr. No. 1 – 14 above)

65[th] Annual Report 2024-25

AI assistant

Elecon Engineering Co.Ltd. — Environmental & Social Information 2025

63235_rns_2025-05-31_174638a7-2eb3-4b24-b980-efedaea41640.pdf

For Elecon Engineering Company Limited,

ANNEXURE - E TO BOARD’S REPORT BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT

SECTION A: GENERAL DISCLOSURES

Details of the listed entity

II. Products/services

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

III. Operations

19. Markets served by the entity:

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

IV. Employees

20. Details at the end of Financial Year:

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

23. (a) Names of Holding / Subsidiary / Associate Companies / Joint Ventures

VI. CSR Details

VII. Transparency and Disclosures Compliances

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

Sustainability Commitments:

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Governance, leadership and oversight

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

Essential Indicators

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

9 Open-ness of business:

Essential Indicators

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

3. 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.

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

Essential Indicators

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

3. Accessibility of workplaces

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

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

8. Details of training given to employees and workers:

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

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

10 Health and safety management system:

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

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

12. Describe the measures taken by the entity to ensure a safe and healthy workplace.

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

14. Assessments for the year:

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

15. 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.

Essential Indicators

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

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

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

PRINCIPLE 5: Businesses should respect and promote human rights

Essential Indicators

3. Details of remuneration/salary/wages, in the following format:

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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

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

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

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

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

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

10. Assessments for the year:

11. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 9 above.

Essential Indicators

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

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

(In Giga Joules)

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.

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

ANNEXURE – E TO BOARD’S REPORT (CONTD.)

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.

4. Provide the following details related to water discharged:

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

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

Elecon Engineering Co.Ltd. Environmental & Social Information 2025