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Vindhya Telelinks Ltd. Environmental & Social Information 2023

Aug 16, 2023

62037_rns_2023-08-16_5bda931e-3c0d-4325-aab7-1193cad68927.pdf

Environmental & Social Information

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Vindhya Telelinks Limited

Regd. Office: Udyog Vihar, P.O. Chorhata, Rewa - 486 006 (M.P.), India Telephone No: (07662) 400400 * Fax No: (07662) 400591 Email: [email protected]; Website: www.vtlrewa.com PAN NO.AAACV7757J * CIN: L31300MP1983PLC002134

GSTIN: 23AAACV7757J1Z00

VTL/CS/23-24/Reg-34(2)(f) 16 AUG 2023

BSE Ltd. Corporate Relationship Department, 1[st] Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, MUMBAI-400 001

The Manager, Listing Department, The National Stock Exchange of India Ltd, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), MUMBAI-400 051

Company’s Scrip Code: 517015

Company’s Scrip Code: VINDHYATEL

Dear Sirs,

Sub: Business Responsibility and Sustainability Report for the financial year 2022-23 pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 _

Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Business Responsibility and Sustainability Report (‘BRSR’) for the financial year 2022-23, which also forms part of the Annual Report of the Company for the financial year 2022-23.

This is for your information and records.

Thanking you,

Yours faithfully,

For Vindhya Telelinks Limited

DINESH Digitally signed by DINESH KAPOOR KAPOOR Date: 2023.08.16 13:36:15 +05'30' (Dinesh Kapoor) Company Secretary

Encl: As above

Works: i) Plot No.1, Udyog Vihar, P.O. Chorhata, Rewa-486006(M.P.) ii) Plot No.1-C & 1-D, Udyog Vihar, P.O. Chorhata, Rewa-486006(M.P.)

VTL

MP BIRLA GROUP

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT

[Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015]

This report has been prepared following the SEBI Guidelines for Business Responsibility and Sustainability Reporting (BRSR). Its primary objective is to demonstrate heightened transparency concerning the ways in which businesses generate value by actively contributing to a sustainable economy. The report underscores our unwavering commitment to creating long-term value for our stakeholders as we actively promote sustainable development.

SECTION A: GENERAL DISCLOSURES

I. DETAILS OF THE ENTITY

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Sl. Particulars Response
No.
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Sl.
No.
Particulars Response
1. Corporate identity Number (CIN) of the Entity L31300MP1983PLC002134
2. Name of the Entity Vindhya Telelinks Limited
3. Year of incorporation 1983
4. Registered offce address Udyog Vihar, P.O. Chorhata,
Rewa– 486006 (M.P.), India
5. Corporate address Commercial Plaza, 2ndFloor, Wing-B,
Radisson Hotel, N.H-8, Mahipalpur,
New Delhi – 110037, India
6. E-mail [email protected]
7. Telephone 07662400400
8. Website www.vtlrewa.com
9. Financial year for which reporting is being done 2022-23
10. Name of the Stock Exchange(s) where shares are listed BSE Limited (BSE)
National Stock Exchange of India Limited (NSE)
11. Paid-up Capital 118,508,630 (Divided into 11850863 equity<br>shares of10/- each).
12. Name and contact details (telephone, email address) of the person
who may be contacted in case of any queries on the BRSR report
Shri Y.S. Lodha, Managing Director & CEO
Phone: 011-45538800
e-mail: [email protected]
13. Reporting boundary - Are the disclosures under this report made on a
standalone basis (i.e., only for the entity) or on a consolidated basis (i.e.,
for the entity and all the entities which form a part of its consolidated
fnancial statements, taken together).
The disclosures under this report are made on
stand-alone basis, unless otherwise specifed.

II. PRODUCTS/SERVICES

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

Sl.
No.
Description of Main
Activity
Description of Business Activity % of Turnover of the
entity
1. Manufacturing Electrical equipment, General purpose and Special purpose
Machinery & equipment, Transport equipment
21.71%
2. Construction Roads, Railways, Utility projects 78.29%

44

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MP BIRLA GROUP

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

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Sl. Product/Service NIC Code % of total Turnover
No. contributed
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|||||
|---|---|---|---|
|1.|Manufacturing of Telecommunication Cables including Jelly Filled Copper|31300;|21.71%|
|Cables, Optical Fibre Cables, Solar PV Cables, Railway Signalling and|33201|
|Quad Cables, Power Cables and other telecom fibre accessories.|
|2.|Engineering, Procurement & Construction (EPC) business in the key|45203;|78.29%|
|infrastructure sectors viz. Telecom, Power, Water Supply & Irrigation,|45204|
|Gas Pipeline and System Integration.|

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  • Alphabetic Index 5 digit as prescribed by The Ministry of Statistics and Programme Implementation (MOSPI) in terms of Guidance Note on BRSR Reporting issued by SEBI.

III. OPERATIONS

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

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Location Number of plants Number of offices Total
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|||||
|---|---|---|---|
|National|Cable Business - 1|Cable Business - 2|3|
|EPC Business - 0|EPC Business - 8|8|
|International|Nil|Nil|Nil|

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17. Markets served by the entity:

(a) Number of locations

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Locations Number
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|||
|---|---|
|National (No. of States)|The Cable Business Segment serves a total of 28 states and 3 Union territories within|
|the country, while the EPC Business Segment at present operates in 19 states and 4|
|Union Territories across the nation.|
|It demonstrate a strong presence in the national market, catering to a significant|
|number of states and contributing to the entity’s overall market reach domestically.|
|International (No. of Countries)|At the international level, the Cable Business Segment extends its services to 23|
|countries.|

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(b) Contribution of exports:

What is the contribution of exports as a percentage of the total turnover of the entity�

4.52%

(c) Type of Customers

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|||
|---|---|
|A brief on|The Company operates in two Business Segments, namely Cable manufacturing and EPC|
|types of|(Engineering, Procurement, and Construction).|
|customers|Cable Manufacturing:|
|Our Company is dedicated to supplying high-quality Telecom and Power Cables to various customers|
|consisting of different Government Departments, including BSNL (Bharat Sanchar Nigam Limited)|
|and APSFL (Andhra Pradesh State FiberNet Limited) and private sector telecom Companies such as|
|Bharti Airtel, Reliance Jio etc., who rely on our cables for their communication infrastructure needs.|
|We are proud to be a trusted supplier to these esteemed government organizations.|
|In addition to government departments, we also cater to the requirements of the Railways. Our cables|
|play a crucial role in ensuring efficient and reliable communication and power transmission within the|
|vast railway network. By providing cables specifically designed for railway applications, we contribute|
|to the smooth functioning of the transportation system.|
|Telecom Operators form another significant customer segment for our Cable Business. We|
|understand the importance of seamless connectivity in today’s digital age, and we supply top-notch|
|cables that enable telecom operators to deliver reliable voice and data services to their customers.|
|Our cables undergo rigorous testing to meet the stringent standards set by the industry.|
|Furthermore, we are actively involved in the renewable energy sector by supplying Solar DC|
|Cables. These cables are essential components of solar power installations and enable the efficient|
|transmission of direct current generated from solar panels. By serving the renewable energy industry,|
|we contribute to the growth of sustainable and clean energy sources.|

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MP BIRLA GROUP

Engineering, Procurement, and Construction:

EPC (Engineering, Procurement, and Construction) Business Segment boasts an impressive customer base encompassing various sectors.

We are proud to be associated with the Central and State Government bodies, as our Company has successfully bid for and won several contract / tenders. The trust placed in us by government organizations highlights our ability to deliver on large-scale projects and meet stringent quality standards. Through our partnership with the government, we contribute to the development and modernization of public infrastructure in the country.

Public Sector Undertakings also form an integral part of our customer base. These organizations, which play a vital role in various sectors such as telecom, water, irrigation, power, oil and gas, system integration etc. rely on our expertise for their engineering and construction needs. We collaborate closely with public sector undertakings to ensure the successful execution of their projects.

Additionally, we serve Private Sector Corporates, catering to their diverse engineering and construction requirements. We offer customized solutions that meet the specific needs of private sector companies, enabling them to enhance their operational efficiency and achieve their project goals.

Under the Company’s IP-1 license for establishing a comprehensive optical fibre cable network, numerous telecom operators have been reliant on the network infrastructure developed by the Company. The network has been gradually expanded to encompass new geographical areas within India, thereby extending its coverage.

We are committed to delivering exceptional products and services to our valued customers and establishing long-term partnerships based on trust and mutual success.

IV. EMPLOYEES

18. Details at the end of the year of financial year:

  • (a) Employees and workers (including differently abled):

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Sl. Particulars Total (A) Male Female
No
No. (B) % (B / A) No. (C) % (C / A)
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Sl.
No
Particulars Total (A) Male Male Female Female
No. (B) % (B / A) No. (C) % (C / A)
Employees
1. Permanent (D) 341 336 98.53% 5 1.47%
2. Other than Permanent (E) 1456 1433 98.42% 23 1.58%
3. Total employees (D + E) 1797 1769 98.44% 28 1.56%
Workers
1. Permanent (F) 104 104 100% Nil 0%
2. Other than Permanent (G) 147 147 100% Nil 0%
3. Total workers (F + G) 251 251 100% Nil 0%

(b) Differently abled Employees and workers:

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Sl. Particulars Total (A) Male Female
No
No. (B) % (B / A) No. (C) % (C / A)
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Sl.
No
Particulars Total (A) Male Male Female Female
No. (B) % (B / A) No. (C) % (C / A)
Differently Abled Employees
1. Permanent (D) 1 1 100% 0 0%
2. Other than Permanent (E) 0 0 0% 0 0%
3. Total employees (D + E) 1 1 100% 0 0%
Differently Abled Workers
1. Permanent (F) 0 0 0% 0 0%
2. Other than Permanent (G) 0 0 0% 0 0%
3. Total workers (F + G) 0 0 0% 0 0%

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MP BIRLA GROUP

19. Participation/Inclusion/Representation of women:

Category Total (A) No. and percentage of
Females
No. and percentage of
Females
No. (B) % (B / A)
Board of Directors 10 2 20%
Key Management Personnel 3 0 0%

20. Turnover rate for permanent employees and workers:

(Disclose trends for the past 3 years)

Category FY 2022-23
(Turnover rate in current
FY)
FY 2022-23
(Turnover rate in current
FY)
FY 2022-23
(Turnover rate in current
FY)
FY 2021-22
(Turnover rate in previous
FY)
FY 2021-22
(Turnover rate in previous
FY)
FY 2021-22
(Turnover rate in previous
FY)
FY 2020-21
(Turnover rate in the year
prior to the previous FY)
FY 2020-21
(Turnover rate in the year
prior to the previous FY)
FY 2020-21
(Turnover rate in the year
prior to the previous FY)
Male Female Total Male Female Total Male Female Total
Permanent Employees 3.17% Nil 3.17% 0.80% Nil 0.80% 1.30% Nil 1.30%
Permanent Workers 1.58% Nil 1.58% Nil Nil Nil Nil Nil Nil

V. HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES)

21. Names of holding / subsidiary / associate companies / joint ventures:

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Sl. Name of the holding / Indicate whether % of shares held Does the entity indicated at
No. subsidiary / associate holding/ Subsidiary/ by listed entity column A, participate in the
companies / joint ventures Associate/ Joint Business Responsibility initiatives
(A) Venture of the listed entity? (Yes/No)
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Sl.
No.
Name of the holding /
subsidiary / associate
companies / joint ventures
(A)
Indicate whether
holding/ Subsidiary/
Associate/ Joint
Venture
% of shares held
by listed entity
Does the entity indicated at
column A, participate in the
Business Responsibility initiatives
of the listed entity? (Yes/No)
1. August Agents Limited Subsidiary 100.00 No
2. Insilco Agents Limited Subsidiary 100.00 No
3. Laneseda Agents Limited Subsidiary 100.00 No
4. Birla Visabeira Private Limited Joint Venture 40.00 No
5. Punjab Produce Holdings
Limited
Associate 48.00 No
6. Universal Cables Limited Associate 23.85 No
7. Birla Corporation Limited Associate 8.29 No

VI. CORPORATE SOCIAL RESPONSIBILITY (CSR) DETAILS

22.

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Sl. Requirement Response
No.
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Sl.
No.
Requirement Response
1. Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) Yes
Financial year 2021-22
Turnover (inLakhs)||1,32,394.90
Net worth (inLakhs)||93,838.92
Financial year 2022-23
Turnover (inLakhs)||2,90,011.06
Net worth (inLakhs)||1,08,153.24

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MP BIRLA GROUP

VII. TRANSPARENCY AND DISCLOSURES COMPLIANCES

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

Stakeholder
group from
whom complaint
is received
Grievance Redressal Mechanism in Place
(Yes/No) (If yes, then provide web-link for
grievance redress policy)
FY 2022-23
Current Financial Year
FY 2022-23
Current Financial Year
FY 2022-23
Current Financial Year
FY 2021-22
Previous Financial Year
FY 2021-22
Previous Financial Year
FY 2021-22
Previous Financial Year
Number of
complaints
fled
during the
year

Number of
complaints
pending
resolution
at close of
the year

**Remarks **
Number of
complaints
fled
during the
year

Number of
complaints
pending
resolution
at close of
the year

Remarks
Communities Yes* 0 0 - 0 0 -
Investors
(including
Shareholders)
Yes
https://www.vtlrewa.com/investors-services.html
4 0 - 1 0 -
Employees and
workers
Yes* 0 0 - 0 0 -
Customers Yes* 0 0 - 0 0 -
Value Chain
Partners
Yes* 0 0 - 0 0 -
Other (please
specify)
- - - - - - -
  • The Company has formulated a comprehensive Stakeholder Management Policy to establish a structured framework for addressing concerns and grievances raised by both internal and external stakeholders. This policy has been devised to proactively mitigate any potential social risks that could adversely affect the business operations.

In line with the policy, the Company places great emphasis on maintaining the highest level of confidentiality when managing grievances, thereby minimizing conflicts and nurturing robust stakeholder relationships. Stakeholders are strongly encouraged to utilize the dedicated redressal channel outlined in the policy, especially when alternative mechanisms are not accessible to them.

For further details, the Stakeholder Management Policy can be accessed via the following web link: https://www.vtlrewa.com/pdf/Stakeholder-Management-Policy.pdf.

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

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

48

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MP BIRLA GROUP

Financial implications of the risk or
opportunity (Indicate positive or negative
implications)
NEGATIVE
The fnancial implications of the identifed risk
include potential negative impacts such as
increased costs for addressing environmental
issues, potential fnes or penalties for non-
compliance with regulations, and potential
legal expenses. These fnancial implications
can lead to a decrease in proftability and cash
fow if adequate measures are not taken to
manage and mitigate environmental risks.
POSITIVE
Implementing
sustainable
construction
practices
and
effectively
managing
environmental
risks
can
enhance
the
Company’s
reputation
and
attractiveness
to environmentally conscious clients and
partners. This can lead to increased business
opportunities, a competitive edge in obtaining
new projects, and potentially higher project
value. Additionally, proactive engagement with
stakeholders and investment in research and
innovation can drive effciency, cost savings,
and long-term fnancial sustainability.

POSITIVE
By enhancing overall energy effciency, the
Company can reduce energy consumption
and associated costs, leading to potential cost
savings and improved proftability. Diversifying
energy sources and accessing alternative and
renewable energy can also contribute to long-
term fnancial sustainability by mitigating the
risks of energy price fuctuations and reducing
reliance on conventional energy sources.
Additionally, investing in renewable energy
initiatives, such as the rooftop solar power
plant, may provide opportunities for incentives,
subsidies, and long-term cost savings through
reduced energy bills. Overall, effective energy
management
can
positively
impact
the
Company’s fnancial performance and enhance
its competitive position in the market.
In case of risk, approach to adapt
or mitigate
The Company is actively mitigating
the risk associated with footprints
of
operations
by
implementing
robust environmental management
systems,
conducting
regular
assessments,
and
adopting
sustainable
practices.
Through
responsible resource consumption,
waste
reduction
initiatives,
and
stakeholder
engagement,
the
Company strives to minimize its
environmental impact, protect local
ecosystems, and ensure the well-
being of surrounding communities.
-
Rationale for identifying the risk /
opportunity
RISK
The Company’s only limited activities pose
risks to the local environment and surrounding
communities, including biodiversity impacts,
emissions into the air, water discharges,
natural resource consumption, and waste
generation. Managing and accessing these
environmental risks are crucial to avoid
potential legal and reputational issues.
OPPORTUNITY
There are opportunities for the Company to
address these risks and enhance its reputation
by implementing sustainable construction
practices,
conducting
comprehensive
environmental
impact
assessments,
engaging stakeholders, and investing in
innovation and research. By embracing
these opportunities, the Company can
minimize negative environmental impacts,
comply with regulations, and position itself
as a responsible and sustainable leader in
the industry
The identifcation of energy management
as an opportunity for the Company stems
from the potential benefts of enhancing
overall
energy
effciency,
diversifying
energy sources, and accessing alternative
and renewable energy. By implementing
energy-effcient technologies and systems,
the Company can reduce costs, improve
operational effciency, and mitigate the risks
associated with energy price fuctuations.
Furthermore, the installation of a rooftop solar
power plant demonstrates the Company’s
commitment to renewable energy, which not
only reduces dependence on conventional
sources but also aligns with sustainability
goals. Embracing energy management as an
opportunity can enhance competitiveness,
contribute to a greener future, and strengthen
the Company’s environmental stewardship.
Indicate
whether risk
or opportunity
(R/O)
Risk &
Opportunity
Opportunity
Material
issue
identifed
Footprint of
operations
Energy
Management
Sl.
No.
1. 2.

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Financial implications of the risk or
opportunity (Indicate positive or negative
implications)
POSITIVE
By minimizing waste generation and promoting
resource effciency, the Company can reduce
waste disposal costs, optimize material usage,
and potentially generate revenue through
the sale of reusable materials. Furthermore,
complying
with
regulatory
requirements
mitigates the risk of fnes and legal liabilities,
while
demonstrating
a
commitment
to
sustainable
practices
can
enhance
the
Company’s reputation, attract environmentally
conscious clients, and contribute to long-term
fnancial sustainability.
NEGATIVE
Negative
impacts
such
as
community
dissatisfaction, legal issues, and reputational
damage can result in increased costs, potential
litigation expenses, and a loss of business
opportunities.
Additionally,
addressing
environmental and social impacts may require
additional investments in mitigation measures,
potentially impacting proftability and cash fow
in the short term.
POSITIVE
By
prioritizing
community
engagement,
respecting human rights, and obtaining a social
license to operate, the Company can beneft
from enhanced reputation and community
support. This can lead to increased customer
loyalty, attracting socially conscious investors,
and opening doors to potential partnerships and
business collaborations. The positive fnancial
implications may include improved long-term
proftability, access to new markets, and cost
savings through streamlined operations and
reduced conficts with local communities.
In case of risk, approach to adapt
or mitigate
- The Company is committed to
mitigating
the
risk
associated
with Community Development by
promoting community development,
respecting
human
rights,
and
fostering strong community relations,
the Company aims to build trust,
enhance its social license to operate,
and create shared value for both the
Company and the communities it
serves.
Rationale for identifying the risk /
opportunity
The Company has categorized waste
management
as
an
opportunity
by
implementing
responsible
waste
management
practices,
such
as
minimizing waste generation and ensuring
environmentally
responsible
disposal.
Through meticulous waste segregation,
reuse of materials within its operations,
and responsible disposal through approved
vendors, the Company aims to minimize its
environmental footprint, conserve resources,
and comply with regulatory requirements.
This commitment to sustainable waste
management not only reduces potential
negative
impacts
but
also
presents
opportunities for cost savings, resource
effciency, and enhanced environmental
stewardship.
The
categorization
of
Community
Development (Human Rights & Community
Relations) as both a risk and an opportunity
stem from the potential impacts of the
Company’s long-term construction activities
on
local
communities.
Risks
include
community dissatisfaction and potential legal
issues arising from environmental and social
impacts.
On the other hand, the opportunity lies in
engaging with stakeholders and prioritizing
community interests to foster positive
relationships, obtain a social license to
operate, enhance the Company’s reputation,
and drive long-term business sustainability.
Indicate
whether risk
or opportunity
(R/O)
Opportunity Risk &
Opportunity
Material
issue
identifed
Waste
Management
Community
Development
Sl.
No.
3. 4.

50

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MP BIRLA GROUP

Financial implications of the risk or
opportunity (Indicate positive or negative
implications)
NEGATIVE
Workplace accidents and injuries can result in
increased costs, including medical expenses,
compensation claims, potential legal liabilities,
and
regulatory
fnes.
Additionally,
such
incidents can lead to project delays, increased
insurance premiums, and reputational damage,
impacting the Company’s proftability and
hindering its ability to secure future projects
POSITIVE
By strategically selecting suppliers with lower
carbon footprints and incorporating sustainable
practices, the Company can potentially reduce
costs associated with energy consumption,
waste management, and compliance with
environmental
regulations.
Furthermore,
meeting the growing demand for sustainable
products and services can open new market
opportunities,
attract
environmentally
conscious customers, and strengthen the
Company’s competitive position. Additionally, a
positive environmental reputation can enhance
brand value and customer loyalty, leading
to increased sales and long-term fnancial
sustainability.
In case of risk, approach to adapt
or mitigate
The Company prioritizes workforce
health and safety by implementing
comprehensive
safety
protocols,
providing
regular
training
programs, and fostering a strong
safety culture. By conducting risk
assessments, ensuring compliance
with occupational health and safety
regulations,
and
continuously
monitoring and improving safety
practices,
the
Company
aims
to protect the well-being of its
employees. Through these efforts,
the Company seeks to minimize
accidents, injuries, and fatalities,
creating a safe and healthy work
environment
while
enhancing
employee morale, productivity, and
retention.
-
Rationale for identifying the risk /
opportunity
The categorization of Workforce Health
and Safety as a risk is based on the high
fatality and injury rates in the EPC industry
compared to other sectors, as well as the
increased vulnerability of temporary workers
due to lack of training and experience.
Failing to effectively manage these risks can
result in human suffering, legal liabilities, and
fnancial costs.
The categorization of Materials Sourcing
as an opportunity is based on the potential
to reduce direct and indirect greenhouse
gas emissions and integrate value chain
partner
considerations
effectively
into
the Company’s business strategy. By
strategically selecting suppliers with lower
carbon footprints, promoting sustainable
practices, and incorporating responsible
supply chain management, the Company can
enhance its environmental reputation, attract
environmentally conscious customers, and
meet the growing demand for sustainable
products and services. This opportunity
aligns with environmental sustainability
goals, enhances operational effciency, and
positively impacts the Company’s long-term
fnancial performance.
Indicate
whether risk
or opportunity
(R/O)
Risk Opportunity
Material
issue
identifed
Workforce
Health and
Safety
Materials
Sourcing
Sl.
No.
5. 6.

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Financial implications of the risk or
opportunity (Indicate positive or negative
implications)
NEGATIVE
Failure
to
effectively
address
business
continuity risks and enhance system resilience
can result in signifcant fnancial losses due
to operational disruptions, increased costs
for remediation and recovery, and potential
reputational damage. Additionally, the lack of
preparedness for high-impact disruptions may
lead to lost business opportunities, customer
dissatisfaction, and potential legal liabilities,
further impacting the Company’s fnancial
performance.
POSITIVE
Embracing product and process innovation in the
adoption of sustainable construction methods
can have positive fnancial implications for the
Company. By using renewable and recyclable
materials,
reducing
energy
consumption,
minimizing waste, and implementing innovative
solutions, the Company can achieve cost
savings through improved resource effciency,
reduced operational expenses, and decreased
waste disposal costs. Moreover, the positive
environmental
reputation
gained
through
these innovations can attract environmentally
conscious customers, enhance brand value,
and open new market opportunities, leading
to increased sales, customer loyalty, and long-
term fnancial sustainability.
In case of risk, approach to adapt
or mitigate
The
Company
is
dedicated
to
mitigating
systematic
risks
by
implementing
robust
risk
management
strategies
and
processes.
Through
proactive
identifcation,
assessment,
and
monitoring of potential risks, the
Company aims to minimize the impact
of high-impact disruptions on its
operations. By establishing business
continuity
plans,
implementing
effective
crisis
management
protocols, and fostering a culture of
risk awareness and preparedness,
the Company seeks to enhance its
resilience and ensure the continuity
of its operations. These systematic
risk management efforts not only
protect the Company’s fnancial
performance but also contribute to its
long-term sustainability and ability to
secure new projects with confdence.

-
Rationale for identifying the risk /
opportunity
The categorization of Systematic Risk
Management as a risk is based on the need
for the Company to successfully implement
measures to address business continuity
risks and enhance system resilience. Failure
to effectively manage these risks can lead to
operational disruptions, fnancial losses, and
reputational damage. Although implementing
such measures may incur upfront costs,
the Company is likely to beneft from lower
remediation expenses in the long term,
as proactive risk management enhances
operational
effciency,
risk
mitigation
capabilities, and business continuity during
high-impact disruptions.
The categorization of Product and Process
Innovation as an opportunity is based
on the potential to adopt sustainable
construction methods that reduce the
Company’s
environmental
impact.
By
utilizing renewable and recyclable materials,
minimizing
embodied
energy,
reducing
energy consumption, minimizing waste, and
protecting natural habitats, the Company
can enhance its environmental stewardship
and reputation. Additionally, embracing
innovative
solutions
and
alternative
strategies refects a commitment to social
and environmental responsibility, attracting
conscious
consumers,
and
gaining
a
competitive edge in the market. Overall,
product and process innovation offer the
Company a chance to align its operations
with sustainability goals, drive positive
change, and capitalize on the growing
demand for sustainable practices.
Indicate
whether risk
or opportunity
(R/O)
Risk Opportunity
Material
issue
identifed
Systematic
Risk
Management
Product and
Process
Innovation
Sl.
No.
7. 8.

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MP BIRLA GROUP

Financial implications of the risk or
opportunity (Indicate positive or negative
implications)
NEGATIVE
Instances of bribery, corruption, and anti-
competitive practices can result in fnancial
penalties,
legal
costs,
and
reputational
damage. These negative outcomes can lead
to loss of business opportunities, customer
distrust, reduced market share, and potential
legal liabilities, all of which can signifcantly
impact the Company’s fnancial performance
and long-term sustainability.
POSITIVE
Effectively managing and prioritizing business
integrity and ethics can have positive fnancial
implications for the Company. By establishing
an
ethical
culture,
implementing
robust
governance
structures,
and
maintaining
strong internal controls, the Company can
minimize the fnancial risks associated with
unethical practices. This includes avoiding
legal penalties, reputational damage, and loss
of business opportunities. Moreover, a strong
commitment to business integrity and ethics
can enhance the Company’s reputation, attract
ethical business partners and investors, and
foster customer loyalty, resulting in increased
sales, market share, and long-term fnancial
sustainability.
In case of risk, approach to adapt
or mitigate
The Company places a strong
emphasis on business integrity and
ethics by adhering to high ethical
standards and promoting a culture
of honesty and transparency. By
implementing
robust
governance
structures,
conducting
regular
ethics training, and enforcing strict
compliance measures, the Company
strives to prevent bribery, corruption,
and
anti-competitive
practices.
Through these efforts, the Company
aims to safeguard its reputation,
maintain the trust of stakeholders,
and ensure long-term sustainability.
By prioritizing business integrity
and ethics, the Company not only
mitigates legal and reputational
risks but also fosters a positive
working environment and fosters
strong relationships with customers,
suppliers, and partners.
Rationale for identifying the risk /
opportunity
The categorization of Business Integrity and
Ethics as a risk is based on the Company’s
exposure to various risks related to bribery,
corruption, and anti-competitive practices.
Either in the Manufacturing operations or
in the EPC, the Company is entangled into
managing complexities arising out due to
multiple local agents and subcontractors, the
complications of project fnancing and project
permitting, the magnitude of the contracts.
Indicate
whether risk
or opportunity
(R/O)
Risk
Material
issue
identifed
Business
Integrity and
Ethics
Sl.
No.
9.

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SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

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Sl. Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
No
----- End of picture text -----

Sl.
No
Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
Policy and management processes
1. (a)
Whether your entity’s policy/
policies cover each principle and
its core elements of the NGRBCs.
(Yes/No)
Yes Yes Yes Yes Yes Yes Yes Yes Yes
(b)
Has the policy been approved by
the Board? (Yes/No)
Yes No No Yes No No Yes Yes No
Particulars of the Policies Anti-Corruption or Anti-
Bribery Policy
Sourcing with Human Dignity
Policy
Non-Discrimination, Diversity
and Equal Opportunity Policy
Stakeholder Management
Policy
Modern Slavery Policy,
Human Dignity Policy
Sustainability Policy Policy on Responsible
Advocacy
Corporate Social
Responsibility Policy
Information Security
Management System Policy
(c)
Web Link of the Policies, if
available
https://www.vtlrewa.com/pdf/Anti-Bribery-and-Anti-Corruption-Policy.pdf https://www.vtlrewa.com/pdf/VTL-Sourcing-with-Human-Dignity.pdf https://www.vtlrewa.com/pdf/Non-Discrimination-Diversity-and-Equal-Opportunity-Policy.pdf https://www.vtlrewa.com/pdf/Stakeholder-Management-Policy.pdf https://www.vtlrewa.com/pdf/VTL-Modern-Slavery-Policy.pdf
https://www.vtlrewa.com/pdf/VTL-Human-Dignity-Policy.pdf
https://www.vtlrewa.com/pdf/VTL-sustainability-policy.pdf https://www.vtlrewa.com/pdf/Policy-on-Responsible-Advocacy.pdf https://www.vtlrewa.com/Policies/CSR.pdf https://www.vtlrewa.com/ISMS-Policy.pdf
2. Whether the entity has translated the
policy into procedures. (Yes / No)
Yes, the Company has translated the policy into procedures. These procedures
outline the specifc steps and actions required to implement the policies effectively.
The Company ensures clarity and provides a practical framework for employees to
follow. This translation promotes consistency and reduces ambiguity, ensuring that
the policies are applied consistently throughout the organization.

54

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MP BIRLA
GROUP
VTL
3. Do the enlisted policies extend to your
value chain partners? (Yes/No)
Yes, the policies of the Company extend to its value chain partners whenever
appropriate and feasible. The Company understands the signifcance of aligning
policies with its partners to ensure consistency and shared standards. The
Company also considers entering into an ‘Integrity Pact’ with key Vendors/Partners
as deemed necessary.
By fostering collaboration and upholding common values, the Company promotes
a responsible and harmonious business ecosystem for all stakeholders involved.
4. Name of the national and international
codes/certifcations/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.
The Company is having various management system certifcations, BIS Licences
and Other Product Certifcation.

Management Systems:
1.
ISO 9001 : 2015 - Quality Management Systems
2.
TL 9000 (R 6.3 / 5.7H) - Quality Management Systems for International
Telecommunications Industry
3.
ISO/TS 22163 : 2017 - Quality Management Systems for International
Rail Industry
4.
ISO 14001 : 2015 - Environment Management Systems
5.
ISO 45001 : 2018 - Occupational Health and Safety Management Systems
6.
ISO 27001 : 2013 - Information Security Management Systems
7.
ISO 22301 : 2019 - Business Continuity Management Systems

BIS Licences:
1.
BIS License for LT Power and Control Cables as per IS 1554 (Pt-1) : 1988
2.
BIS License for LT PVC Insulated Flexible Cables & Cords as per IS 694:
2010
3.
BIS License for LT XLPE Insulated Power Cables per IS 7098 (Pt-1):
1988
4.
BIS License for XLPE Insulated Power Cables for working voltages from
3.3 kV Up to and incl. 33 kV as per IS 7098 (Pt-2): 2011

Other Product Certifcations:
1.
Solar PV Cable (As per EN 50618:2014) (E-Beam Crosslinkable Cable)
from TUV Rheinland
2.
Electric cables for photovoltaic systems with a voltage rating of 1.5 kV DC
(As per IEC 62930:2017) from TUV Rheinland
5. Specifc
commitments,
goals
and
targets set by the entity with defned
timelines, if any.
During the fnancial year 2022-23, the Company has set several goals to enhance
its sustainability efforts and overall corporate social responsibility. These goals
include:
1.
Establishing and maintaining systematic sustainability databases:The
Company plans to develop comprehensive databases to effectively track
and manage sustainability-related data. These databases will ensure smooth
reporting in the future and enable the Company to measure its progress
towards sustainability goals.
2.
Reducing electricity consumption from the grid:The Company aims to
reduce its reliance on grid electricity by a certain percentage. This reduction
could be achieved through various means such as implementing energy-
effcient technologies, optimizing energy usage, and exploring renewable
energy sources.
3.
Monitoring and evaluating E, S, & G parameters:The Company intends
to actively monitor and evaluate the performance and risks associated with
Environmental (E), Social (S), and Governance (G) parameters. This helps the
Company identify areas for improvement and mitigate risks associated with
sustainability issues.
4.
Strengthening the training division and educating employees:The
Company plans to enhance its training division to educate all employees
and workers on issues related to Environmental, Social, and Governance
(E,S&G) practices. By March, 2024, all employees will receive training on the
actions and initiatives undertaken by the organization to address these issues
effectively.

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MP BIRLA
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VTL
5.
CO2 Emission Reduction in Construction Activities:To accomplish this
goal, we are committed to adopting and deploying state-of-the-art technologies,
practices, and processes that effectively mitigate the release of CO2 during
our construction operations. Our focus is on utilizing the best available means
to signifcantly reduce the environmental impact associated with our activities,
thus contributing to the global efforts towards carbon footprint reduction and
environmental sustainability. By prioritizing the reduction of CO2 emissions, we
aim to demonstrate our dedication to responsible environmental stewardship
in all aspects of our operations.
6.
Ensuring Full Compliance with Policies and Zero Tolerance for Bribery
and Unethical Practices:The Company upholds the highest ethical
standards, maintaining zero tolerance for bribery and unethical practices. We
have implemented stringent policies, rigorous training, and regular monitoring
to ensure compliance across all levels. Our commitment to integrity and fair
practices fosters trust among stakeholders, as we strive to be an industry role
model for ethical business conduct.
These goals collectively refect the Company’s commitment to sustainable practices,
social responsibility, and the continuous improvement of its environmental, social,
and governance performance.
6. Performance of the entity against
the specifc commitments, goals and
targets along-with reasons in case the
same are not met
The Company has set specifc commitments, goals and targets during the period
2022-23, hence the performance of the Company against the specifc commitments,
goals and targets along with reasons will be reported next year.
Governance, leadership and oversight
7. Statement by director responsible for
the business responsibility report,
highlighting ESG related challenges,
targets and achievements
“As the Director responsible for business responsibility at VTL, I am honoured to
provide an update on our Company’s progress in addressing key Environmental,
Social, and Governance (ESG) challenges. Today, I am proud to share that our
c���i��en� �� ����aina�ili�� ha� le� �� �i�nifcan� a��ance�en�� in ��r ��era�i�n��
positively impacting the environment, our stakeholders, and the communities we
serve.
Despite the ongoing challenges presented by the global pandemic, we have
successfully achieved important milestones in various areas. Through our
unwavering dedication to ESG principles, we have notably reduced our carbon
footprint, ensuring a more sustainable future. Furthermore, we have actively
engaged and invested in local communities through comprehensive Corporate
Social Responsibility (CSR) framework that encompasses a range of focus areas
viz. animal welfare, promoting healthcare, sanitation facilities, special education
including employment enhancing vocational skills. By investing in these crucial
areas, we actively contribute to the well-being of our planet and society.
�e fr�l� �elie�e in �he i���r�ance �f c�n�in���� i��r��e�en�� �hich i� �h�
we are setting new targets for the future. Our ultimate aspiration is to become a
leading force in sustainability, not only within our industry but across all sectors.
By exemplifying best practices in ESG, we aim to inspire positive change and be
recognized as pioneers in creating a better world.
Our Company has a comprehensive Corporate Social Responsibility (CSR)
framework that encompasses a range of focus areas. These include animal welfare,
promoting preventive healthcare and sanitation facilities, ensuring environmental
sustainability, disaster management, and relief and rehabilitation activities. By
investing in these crucial areas, we actively contribute to the well-being of our planet
and society.
To ensure the safety and well-being of our employees, we have implemented a
robust system that covers all aspects of our operations. This system includes health
an� �afe�� �rainin�� ha�ar� i�en�ifca�i�n� ri�� a��e���en�� inci�en� re��r�in�� an�
ongoing monitoring and improvement. Our goal is to provide a secure and healthy
work environment, in compliance with relevant regulations and standards, and
empower our employees to report any potential risks or hazards.

56

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MP BIRLA
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VTL
Moreover, we recognize the importance of stakeholder engagement and have
developed a comprehensive framework to facilitate this process. This framework
c�n�i�er� ���h �he in�ere��� an� in��ence �f ��r ��a�eh�l�er�� �� anal��in� fac��r�
��ch a� �e�en�enc�� re���n�i�ili��� a��en�i�n� an� in��ence� �e i�en�if� an� en�a�e
with stakeholders in a manner that fosters meaningful dialogue and collaboration.
Additionally, our commitment to good corporate governance practices is unwavering.
We have assembled a team of exceptional Directors who serve on various
committees, including CSR, Audit, Nomination and Remuneration Committee,
Stakeholder’s Relationship Committee, and Risk Management Committee. Their
expertise and guidance ensure that our operations align with the highest standards
of accountability, transparency, and ethical conduct.
I am immensely proud of the progress we have made in our ESG endeavours.
Our Company remains steadfast in its dedication to continuously improve our
performance and set new benchmarks for the future. By prioritizing sustainability,
engaging with stakeholders, and upholding good corporate governance practices,
we strive to make a positive and lasting impact on our environment, society, and the
lives of our employees.”
- Y.S. Lodha (Managing Director & CEO)
8. Details
of
the
highest
authority
responsible
for
implementation
and
oversight
of
the
Business
Responsibility policy(ies).
The highest authority responsible for the implementation and oversight of the
Business Responsibility policies has been given to Shri Y.S. Lodha (DIN: 00052861),
the Managing Director and Chief Executive Offcer of the Company. Further, he
is accountable for implementing policies and making decisions on sustainability-
related issues.
9. Does the entity have a specifed
Committee of the Board/ Director
responsible for decision making on
sustainability related issues? (Yes /
No). If yes, provide details.

10. Details of Review of NGRBCs by the Company:

Subject for Review Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Indicate whether review was undertaken
by Director / Committee of the Board/ Any
other Committee
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
Frequency (Annually/ Half yearly/
Quarterly/ Any other – please specify)
P1 P2 P3 P4 P5 P6 P7 P8 P9 P1 P2 P3 P4 P5 P6 P7 P8 P9
Performance against above
policies and follow up
action
Yes, performance review was undertaken by
Board of Directors.
Annually
Compliance with statutory
requirements of relevance
to the principles, and,
rectifcation of any non-
compliances
Yes, the Company comply with statutory
requirements relevant to the principles with
regard to Statutory requirements and review
was undertaken by the Board of Directors.
Annually

11. Independent assessment/ evaluation of the working of its policies by an external agency:

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



The Company has not undertaken any external assessment or evaluation of the
effectiveness of its policies. However, an extensive internal management evaluation
process is in place to thoroughly assess all policies. Subsequently, the Board of
Directors approves these policies based on the outcomes of the evaluation.

57

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

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Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
----- End of picture text -----

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 specifed principles (Yes/No)
- - - - - - - - -

The entity does not have the fnancial or/human and technical resources
available for the task (Yes/No)
- - - - - - - - -
It is planned to be done in the next fnancial year (Yes/No) - - - - - - - - -

Any other reason (please specify)
- * * - * * - - *
  • These policies have been embedded into the systems and procedures followed by the Company for a considerable period of

  • time. It is imperative to emphasize that strict adherence to these procedures is enforced to enhance operational efficiency and ensure the achievement of a sustainable business model.

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

The purpose of this section is to assist organizations in showcasing their proficiency in integrating principles and core elements into critical processes and decisions. The Company has duly provided all mandatory disclosures as per the BRSR framework. Efforts are underway to disclose leadership indicators for forthcoming fiscal years.

PRINCIPLE 1: BUSINESSES SHOULD CONDUCT AND GOVERN THEMSELVES WITH INTEGRITY, AND IN A MANNER THAT IS ETHICAL, TRANSPARENT AND ACCOUNTABLE

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ESSENTIAL INDICATORS:

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

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Segment Total number Topics / principles covered under the training and % age of persons
of training and its impact in respective
awareness category covered
programmes held by the awareness
programmes
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Segment Total number
of training and
awareness
programmes held
Topics / principles covered under the training and
its impact
% age of persons
in respective
category covered
by the awareness
programmes
Board of Directors 1 BRSR Awareness Program 80%
Key Managerial Personnel 1 BRSR Awareness Program 100%
Employees
other
than
BOD and KMPs
Cable Business:
18
Awareness of ISO 45001, BCMS, ISMS, MSA. Training
on Health & Wellbeing, Basic First Aid and Safety.
100%
EPC Business:
4
i.Awareness of Integrated Management. requisite
based on QMS (ISO 9001:2015), EMS (45001:2018)
HSE (ISO 14001:2018)
50%
52 ii.Training on Health & Wellbeing, Basic First Aid and
Safety Prevention of Sexual Harassment, Code of
Discipline, Social Security Training, On Job Training, IT
Awareness training.
100%
Workers Cable Business:
40
Awareness of ISO 45001, BCMS, ISMS, 5S. Training
on Health & Wellbeing, Basic First Aid, Safety and On
Job Training.
100%
EPC Business:
10
Training on Health & Wellbeing, Basic First Aid and
Safety, Prevention of Sexual Harassment, Code of
Discipline, Social security, On Job Training
100%

The Company recognizes the importance of training for the development and growth of its employees, and for the success of the business. We believe that training is an investment that yields long-term benefits for both the individual and the organization.

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In order to ensure the highest level of safety and quality in all our operations, the Company provides training programs for the Board of Directors, Key Management Personnel, Employees, and Workers. Our goal is to create a culture of continuous learning and improvement, where every individual is equipped with the knowledge and skills required to perform their job effectively and safely.

We understand that training is an ongoing process, and we are committed to providing our employees with the necessary support and resources to achieve their full potential. We believe that investing in our employees is key to our success, and we will continue to prioritize their growth and development.

2. Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount paid in proceedings (by the entity or by directors / �MPs) with regulators/ law enforcement agencies/ judicial institutions, in the financial year, in the following format:

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MONETARY
Particulars NGRBC Name of the regulatory/ Amount Brief of the Has an appeal
Principle enforcement agencies/ (In INR) Case been preferred?
judicial institutions (Yes/No)
Penalty/ Fine Nil NA NA NA NA
Settlement Nil NA NA NA NA
Compounding fee Nil NA NA NA NA
NON-MONETARY
Particulars NGRBC Name of the regulatory/ Brief of the Has an appeal
Principle enforcement agencies/ Case been preferred?
judicial institutions (Yes/No)
Imprisonment Nil NA NA NA
Punishment Nil NA NA NA
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The Company takes immense pride in its unwavering commitment to upholding the highest standards of ethical and legal conduct across all its operations. Consequently, neither the Company nor its directors or key managerial personnel (KMPs) have incurred any fines, penalties, punishments, awards, compounding fees, or settlement amounts in any form of proceedings.

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

This particular section is not applicable to the Company

4. Anti-corruption or Anti-bribery policy:

Does the entity have Yes, the Company has developed a comprehensive Anti-Corruption or Anti-Bribery Policy, showcasing an anti-corruption or our unwavering dedication to maintaining the highest ethical standards throughout our business anti-bribery policy? If operations and fostering a climate of transparency and equitable business practices. This policy yes, provide details in reflects our firm commitment to establishing and enforcing robust measures to detect, prevent, and brief and if available, combat corrupt activities, including bribery. provide a web-link to For detailed information and access to the policy, kindly visit the following web link: the policy. https://www.vtlrewa.com/pdf/Anti-Bribery-and-Anti-Corruption-Policy.pdf.

This policy serves as a guiding framework to ensure that all stakeholders, including employees, partners, and suppliers, are aware of our zero-tolerance approach towards corruption and bribery, and can actively contribute to the maintenance of a fair and ethical business environment.

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

FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Financial Year)
Directors Nil Nil
KMPs Nil Nil
Employees Nil Nil
Workers Nil Nil

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No disciplinary action has been taken by any law enforcement agency against any director, KMP, employees or workers of our Company for charges of bribery or corruption. Our Company maintains a zero-tolerance policy towards corruption and is dedicated to upholding the highest standards of ethical conduct and transparency in all business dealings.

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

FY 2022-23
(Current Financial Year)
FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Financial Year)
FY 2021-22
(Previous Financial Year)
Number Remarks Number Remarks
Number of complaints received in relation to issues
of Confict of Interest of the Directors

Nil
- Nil -

Number of complaints received in relation to issues
of Confict of Interest of the �MPs

Nil
- Nil -

7. Corrective Actions:

Provide details of any corrective action taken or underway This particular section does not pertain to the Company, on issues related to fines / penalties / action taken by as it has not incurred any fines, penalties, or regulatory, law regulators/ law enforcement agencies/ judicial institutions, enforcement, or judicial actions with respect to instances on cases of corruption and conflicts of interest. involving corruption and conflicts of interest.

PRINCIPLE 2: BUSINESSES SHOULD PROVIDE GOODS AND SERVICES IN A MANNER THAT IS SUSTAINABLE AND SAFE

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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:

Particulars Current Financial
Year
Previous Financial
Year
Details of improvements in
environmental and social impacts
R&D - - NA
Capex - 13.11% Energy Conservation

2. Sustainable sourcing:

Does the entity Cable Business: have procedures in Yes, the Company has successfully incorporated a Supplier Framework with the explicit objective of place for sustainable fostering sustainable sourcing practices. This comprehensive framework encompasses the meticulous sourcing? (Yes/No) evaluation and selection of suppliers, primarily based on three fundamental criteria, namely:

  • Quality: This criterion pertains to the meticulous assessment of the suppliers’ products or services, encompassing factors such as performance, durability, reliability, and compliance with industry standards. By prioritizing quality, the Company aims to ensure that the sourced materials or services meet the highest standards and align with its own commitment to excellence.

  • Pricing: The Company diligently considers the financial aspect when assessing potential suppliers. This entails evaluating the overall cost-effectiveness and competitiveness of the proposed pricing structures. By meticulously scrutinizing pricing, the Company strives to strike a balance between obtaining optimal value for its investments while maintaining profitability and cost-efficiency.

Delivery: Timeliness and reliability of delivery are key factors in the selection process. The Company places great emphasis on suppliers’ ability to deliver products or services within agreedupon timeframes, maintaining consistency and minimizing disruptions to its own operations. By prioritizing efficient and reliable delivery, the Company seeks to uphold its commitment to meet customer demands and operational timelines.

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VTL
Further, suppliers are evaluated and ranked according to their performance in relation to the
aforementioned parameters. Additionally, the Company has established Environmental Requirements
for its suppliers, which are communicated to them.
During the supplier registration process, the Company conducts an evaluation to assess their
suitability. A Supplier Registration Questionnaire is sent to suppliers to gather information regarding
Quality, Environment, Occupational Health & Safety, and compliance with Statutory & Regulatory
Requirements.
EPC Business:
Within the framework of the EPC Business Segment, materials are procured using two distinct
channels: direct sourcing and sourcing through contractors. Throughout the sourcing process, careful
attention is given to the following factors:

Standards & Specifcations:The procurement process adheres to established benchmarks,
such as BIS certifcations, which serve as quality and compliance standards for the materials
being sourced.

Contractor Selection:A comprehensive criterion is employed to select & empanel contractors.
This criterion encompasses a range of parameters which includes evaluation of various techno-
commercial as well as fnancial parameters enabling the ranking of contractors and facilitating
informed decisions regarding sourcing preferences.

Ongoing Contractor Monitoring:Regular and periodic evaluations are conducted to monitor
the performance of contractors on the basis of performance, quality consciousness, target
achievement & other parameters. This monitoring process ensures that contractors consistently
meet the required standards and maintain the expected level of quality and effciency.
By incorporating these considerations into the sourcing procedures under the EPC Business Segment,
the organization ensures that materials are procured in accordance with predefned standards and
specifcations while maintaining a robust system for contractor evaluation and monitoring.
If
yes,
what
percentage
of
inputs were sourced
sustainably?
100%

3. Processes in place to reclaim products for reuse, recycle and safe disposal of products at the end of life:

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.
Cable Business:
The Company ensures that the cables supplied to customers possess a minimum lifespan of 25-30
years. To ensure transparency and proper handling of end-of-life treatment, customers are provided
with a comprehensive Material Safety Data Sheet (MSDS) that contains detailed information on the
appropriate procedures for disposal or treatment.
Given that the cables are predominantly utilized by industrial entities, the responsibility for the effective
management of end-of-life treatment lies with the customers themselves. This entails adhering to the
guidelines specifed in the MSDS and complying with the relevant laws and regulations in force during
that period.
Regarding waste generated within the Company, stringent measures are implemented to ensure
compliance with environmental laws and consent conditions. Specifc waste categories are handled
as follows:

Plastic Waste:The Company responsibly sells plastic waste to authorized recyclers, thereby
promoting sustainable waste management practices.

E-Waste:In line with regulatory requirements, the Company sells electronic waste exclusively to
authorized recyclers, ensuring proper recycling and disposal.

Acid Batteries:The Company follows a buy-back policy with Original Equipment Manufacturers
(OEMs) to ensure the safe and environmentally sound disposal of acid batteries.

Hazardous Waste:All hazardous waste generated is meticulously disposed of through authorized
recyclers, adhering to strict guidelines and safety protocols.

Other Non-Hazardous Waste:The Company adopts a responsible approach by selling non-
hazardous waste to trusted vendors who can appropriately handle and utilize the materials.

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EPC Business:

Within the EPC Business Segment, two primary waste streams are generated: Construction & Demolition waste and Metallic Scrap waste. These waste materials are effectively managed through well-defined procedures. Construction & Demolition waste is reused wherever possible during ongoing operations, minimizing waste generation and promoting resource efficiency.

Metallic Scrap waste, on the other hand, is sold exclusively to authorized vendors who possess the necessary expertise and infrastructure for proper recycling, disposal and utilization of these materials. By adopting such practices, the Company aims to reduce environmental impacts and contribute to sustainable waste management practices within the EPC Business Segment.

4. Extended Producer Responsibility (EPR) plan:

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

PRINCIPLE 3: BUSINESSES SHOULD RESPECT AND PROMOTE THE WELL-BEING OF ALL EMPLOYEES, INCLUDING THOSE IN THEIR VALUE CHAINS

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ESSENTIAL INDICATORS:

1. (A) Details of measures for the well-being of employees:

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Category % of employees covered by
Total (A) Health insurance Accident insurance Maternity benefits Paternity Benefits Day Care facilities
Number (B) % (B/A) Number (C) % (C/A) Number (D) % (D/A) Number (E) % (E/A) Number (F) % (F/A)
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Category % 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 % of employees covered by
Total (A) Health insurance Accident insurance Maternity benefts Paternity Benefts Day Care facilities
**Number (B) ** **% (B/A) ** **Number (C) ** **% (C/A) ** **Number (D) ** **% (D/A) ** **Number (E) ** **% (E/A) ** **Number (F) ** % (F/A)
Permanent employees
Male 336 336 100% 336 100% 0 0% 0 0% 0 0%
Female 5 5 100% 5 100% 5 100% 0 0% 0 0%
Total 341 341 100% 341 100% 5 1% 0 0% 0 0%
Other than Permanent employees
Male 1433 0 0% 1433 100% 0 0% 0 0% 0 0%
Female 23 0 0% 23 100% 23 100% 0 0% 0 0%
Total 1456 0 0% 1456 100% 23 2% 0 0% 0 0%

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(B) Details of measures for the well-being of workers:

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Category % of employees covered by
Total (A) Health insurance Accident insurance Maternity benefits Paternity Benefits Day Care facilities
Number (B) % (B/A) Number (C) % (C/A) Number (D) % (D/A) Number (E) % (E/A) Number (F) % (F/A)
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Category % 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 % of employees covered by
Total (A) Health insurance Accident insurance Maternity benefts Paternity Benefts Day Care facilities
**Number (B) ** **% (B/A) ** **Number (C) ** **% (C/A) ** **Number (D) ** **% (D/A) ** **Number (E) ** **% (E/A) ** **Number (F) ** % (F/A)
Permanent workers
Male 104 104 100% 104 100% 0 0% 0 0% 0 0%
Female 0 0 0% 0 0% 0 0% 0 0% 0 0%
Total 104 104 100% 104 100% 0 0% 0 0% 0 0%
Other than Permanent workers
Male 147 147 100% 147 100% 0 0% 0 0% 0 0%
Female 0 0 0% 0 0% 0 0% 0 0% 0 0%
Total 147 147 100% 147 100% 0 0% 0 0% 0 0%

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

Benefts FY 2022-23
(Current Financial Year)
FY 2022-23
(Current Financial Year)
FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Financial Year)
FY 2021-22
(Previous Financial Year)
FY 2021-22
(Previous Financial Year)
No. of
employees
covered as
a % of total
employees
No. of
workers
covered as
a % of total
workers
Deducted and
deposited
with the
authority
(Y/N/N.A.)
No. of
employees
covered as
a % of total
employees
No. of
workers
covered as
a % of total
workers
Deducted and
deposited
with the
authority
(Y/N/N.A.)
PF 100% 100% Yes 100% 100% Yes
Gratuity 100% 100% Yes 100% 100% Yes
ESI 79% NA Yes 73% NA Yes
Others – Mediclaim The Company has Workmen Compensation Policy in place of ESI for all the Workers

3. Accessibility of workplaces:

Are the premises / offices of the Yes, the premises and offices of the Company are designed to be accessible to entity accessible to differently employees and workers with disabilities. abled employees and workers, as Given that there is presently only one differently abled employee, meticulous attention per the requirements of the Rights has been given to providing suitable facilities both within the factory premises and of Persons with Disabilities Act, in the Company’s township where the employee resides. These accommodations 2016? If not, whether any steps are are implemented to ensure that the employee can navigate and perform their duties being taken by the entity in this comfortably and efficiently, in line with their unique requirements and abilities. regard.

4. Equal Opportunity Policy:

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

Yes, the Company has adopted an Equal Opportunity Policy that ensures individuals of all age, religion, race, region, ethnicity, gender, ability, and sexual orientation work collectively in an environment that flourishes on originality.

For more information regarding the Equal Opportunity Policy, please visit the following web link:

https://www.vtlrewa.com/pdf/Non-Discrimination-Diversity-and-Equal-Opportunity-Policy.pdf. This policy document outlines the principles and guidelines that the Company upholds to promote equal opportunities and non-discrimination within the organization.

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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 NIL NIL NIL NIL
Female NIL NIL NIL NIL
Total NIL NIL NIL NIL

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

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Yes/No (If yes, then give details of the mechanism in brief)
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Yes/No (If yes, then give details of the mechanism in brief)
Permanent Workers Certainly, the Company has established mechanisms to receive and address grievances in a formal
and structured manner, ensuring that employees and workers have an avenue to voice their concerns.
The following channels are available for the receipt of grievances:

Suggestion Boxes: These designated boxes allow employees and workers to submit their
grievances or suggestions anonymously, ensuring confdentiality and encouraging open
communication.

Emails:The Company provides an offcial email address where employees and workers can
send their grievances directly to the relevant department or designated personnel responsible for
grievance handling.

Display Boards:Display boards are strategically placed within the premises, prominently featuring
the mobile numbers of designated personnel who are responsible for addressing grievances. This
ensures easy access and communication for employees and workers.

Site Safety Person’s Interactions: The Site Safety Person actively engages in daily interactions
with employees and workers, providing them with an opportunity to voice their concerns and
grievances related to safety or any other relevant issues.

Head of HR Interactions: The Head of HR regularly interacts with employees and workers,
creating an open and approachable environment where grievances can be discussed and
resolved.
Once a grievance is received, the Company ensures a responsive approach to address the concern.
Grievances are thoroughly examined, and necessary corrective actions are taken promptly.
This includes conducting investigations, analysing the root causes, and implementing appropriate
measures to resolve the issues raised. The Company is committed to fair and effective grievance
resolution, ensuring that the concerns of employees and workers are acknowledged, heard, and
appropriately addressed.
Other than
Permanent Workers
Permanent
Employees
Other than
Permanent
Employees

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

Category FY 2022-23
(Current Financial Year)
FY 2022-23
(Current Financial Year)
FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Financial Year)
FY 2021-22
(Previous Financial Year)
FY 2021-22
(Previous Financial Year)
Total
employees
/ workers in
respective
category (A)
No. of employees /
workers in respective
category, who are
part of association(s)
or Union(B)
% (B / A) Total
employees
/ workers in
respective
category (C)
No. of employees /
workers in respective
category, who are
part of association(s)
or Union(D)
% (D / C)
Total Permanent
Employees
341 156 45.7% 348 147 42.2%
Male 336 154 45.8% 341 144 42.2%
Female 5 2 40.0% 7 3 42.9%
Total Permanent
Workers
104 104 100.0% 111 111 100.0%
Male 104 104 100.0% 111 111 100.0%
Female 0 0 0% 0 0 0%

The aforementioned details are exclusive to the cable business, as the employees and workers within the EPC business segment are not affiliated with any association or recognized union.

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8. Details of training given to employees and workers:

Category FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year) 2021-22 (Previous Financial Year) 2021-22 (Previous Financial Year) 2021-22 (Previous Financial Year)
Total (A) On Health and
safety
On Skill
upgradation
Total (D) On Health and
safety measures
On Skill
upgradation
**No. (B) ** % (B / A) **No. (C) ** % (C / A) **No. (E) ** % (E / D) **No. (F) ** % (F / D)
Employees
Male 1769 1769 100% 1769 100% 1256 1244 99% 1244 99%
Female 28 28 100% 28 100% 22 22 100% 22 100%
Total 1797 1797 100% 1797 100% 1278 1266 99% 1266 99%
Workers
Male 251 251 100% 231 92.03% 237 224 94.51% 217 91.56%
Female 0 0 0% 0 0% 0 0 0% 0 0%
Total 251 251 100% 231 92.03% 237 224 94.51% 217 91.56%

9.

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

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Category FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year)
Total (A) No. (B) % (B / A) Total (C) No. (D) % (D / C)
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Category FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year) FY 2021-22 (Previous Financial Year) FY 2021-22 (Previous Financial Year)
Total (A) No. (B) % (B / A) Total (C) No. (D) % (D / C)
Employees
Male 1769 1725 97.51% 1256 1244 99.04%
Female 28 26 92.86% 22 20 90.91%
Total 1797 1751 97.44% 1278 1264 98.90%
Workers
Male 251 231 92.03% 237 231 97.47%
Female 0 0 0.00% 0 0 0.00%
Total 251 231 92.03% 237 231 97.47%

10. Health and safety management system:

Sl.
No.
Particulars Response
(a) Whether
an
occupational
health
and
safety
management
system
has
been implemented by the
entity? (Yes/ No). If yes, the
coverage such system?
Yes, the Company has implemented an occupational health and safety management
system.
The coverage of the system includes all aspects of the Company’s operations, including
employee and worker health and safety training, hazard identifcation and risk assessment,
incident reporting and investigation, and ongoing monitoring and improvement. The
system is designed to ensure a safe and healthy work environment for all employees and
to comply with relevant health and safety regulations and standards.
(b) What are the processes
used to identify work-related
hazards and assess risks on
a routine and non-routine
basis by the entity?
The Company recognize that identifying work-related hazards and assessing risks is
critical for ensuring the safety and well-being of our employees. To achieve this, we
employ several processes and procedures, including the following:
(a)
Work safety analysis, standard operating procedure, and operational control plan
are observed to monitor routine activities.
(b)
Non-routine activities are supervised using a seven-type work permit system, which
covers various types of hazardous activities, including hot work operations, cold
work activities, electrical installation and maintenance, working at heights, confned
space entry, and heavy lifting operations.

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Sl. Particulars Response
No.
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Sl.
No.
Particulars Response
By following these processes and procedures, we strive to ensure the health and safety
of our personnel, equipment, and materials involved in our operations.
The Company is committed to minimizing the risks associated with non-routine activities,
preventing accidents and injuries, and creating a safe and healthy work environment for
all the employees and workers.
(c) Whether you have processes
for workers to report the
work-related hazards and
to remove themselves from
such risks. (Y/N)
Yes, the Company has implemented robust mechanisms to enable workers to report
work-related hazards and safeguard themselves from such risks. These mechanisms
encompass well-defned reporting channels and procedures for employees to promptly
communicate hazards, near-misses, and incidents. Moreover, the Company provides
comprehensive training and resources to empower workers in identifying and reporting
potential hazards effectively.
Furthermore, the Company has implemented explicit policies and procedures to safeguard
workers’ rights to refuse unsafe work, without encountering any form of retaliation or
reprisal. These measures are in place to uphold the principle of ensuring a secure and
healthy work environment for all employees.
(d) Do the employees/ worker
of the entity have access to
non-occupational
medical
and healthcare services?
(Yes/ No)
The Company offers its employees access to medical and healthcare services that are
not directly related to occupational illnesses or injuries. These services may comprise
health insurance coverage or the ability to obtain medical services through third-party
providers.
The primary objective of these services is to promote the general health and welfare of
the employees, both on and off the job.

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

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Safety Incident/Number Category FY 2022-23 FY 2021-22
(Current Financial Year) (Previous Financial Year)
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Safety Incident/Number Category FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Financial Year)
Lost Time Injury Frequency Rate (LTIFR) (per
one million-person hours worked)
Employees 0 0
Workers 86.84 286.94
Total recordable work-related injuries Employees 0 1
Workers 25 12
No. of fatalities Employees 0 0
Workers 0 0
High consequence work-related injury or ill-
health (excluding fatalities)
Employees 0 0
Workers 0 0

12. Measures to ensure a safe and healthy workplace:

  • Describe the The Company has implemented robust operational controls to proactively identify and mitigate measures taken by potential work-related hazards and associated risks. With the utmost commitment to ensuring a safe the entity to ensure a and healthy workplace, the following comprehensive measures have been adopted: safe and healthy workDaily health and safety briefing exercises: Regular sessions are conducted to disseminate place. essential information and updates on health and safety practices to all employees. These briefings serve as a vital platform for promoting awareness and reinforcing the importance of maintaining a secure working environment.

On-the-job safety training through Site Safety Trainings: Employees undergo rigorous training sessions specifically tailored to their respective job roles and work environments. These trainings equip them with the necessary knowledge and skills to identify potential hazards, apply preventive measures, and respond effectively to emergencies.

Toolbox Trainings: Supplementing the on-the-job safety training, Toolbox Trainings further enhance employee awareness and proficiency in safety practices. These interactive sessions provide practical guidance on using tools, equipment, and machinery safely, thereby minimizing the risk of accidents and injuries.

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  • Display of proper safety instructions on board and signages: Visual aids, including prominently displayed safety instructions, signage, and posters, are strategically placed throughout the workplace. These visual cues serve as constant reminders of the importance of adhering to safety protocols and guidelines.

  • Feedback and suggestions: The Company regularly records feedback and suggestions from employees to continually improve working conditions. This feedback is analysed, and appropriate measures are taken to address any issues raised.

  • Engaging in reactive monitoring activities: The Company engages in reactive monitoring activities to identify potential hazards that may have been overlooked during routine inspections. This approach allows the Company to address potential hazards proactively, reducing the likelihood of accidents or injuries

The primary objective of these measures is to bolster the safety and well-being of all employees and diminish the likelihood of work-related accidents or illnesses.

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

Particulars FY (2022-23) Current Financial Year FY (2022-23) Current Financial Year FY (2022-23) Current Financial Year FY (2021-22) Previous Financial Year FY (2021-22) Previous Financial Year FY (2021-22) Previous Financial Year
Filed
during the
year
Pending
resolution at
the end of year
Remarks Filed
during the
year
Pending
resolution at
the end of year
Remarks
Working Conditions Nil Nil NA Nil Nil NA
Health & Safety Nil Nil NA Nil Nil NA

The Company takes pride in maintaining a healthy and safe workplace, and is pleased to report that no complaints have been received from employees or workers concerning working conditions or health and safety. This underscores the Company’s commitment to providing a positive work environment for all.

14. Assessments for the year:

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

15. Corrective Actions:

Provide details of any corrective This specific section is deemed inapplicable as the assessments conducted on action taken or underway to address Health & Safety practices and working conditions did not reveal any notable risks safety-related incidents (if any) and or concerns. on significant risks / concerns arising Through proactive measures and continuous improvement initiatives, the Company from assessments of health & safety strives to maintain a safe working environment, adhering to industry best practices practices and working conditions.

Through proactive measures and continuous improvement initiatives, the Company strives to maintain a safe working environment, adhering to industry best practices and relevant regulatory requirements. Our commitment to the health and safety of our workforce remains unwavering, and we will promptly address any emerging issues to further enhance our practices and working conditions.

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PRINCIPLE 4: BUSINESSES SHOULD RESPECT THE INTERESTS OF AND BE RESPONSIVE TO ALL ITS STAKEHOLDERS

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ESSENTIAL INDICATORS:

1. Identification of stakeholders group:

Describe the processes
for
identifying
key
stakeholder groups of
the entity
The Company has developed a stakeholder engagement framework to improve the process of
identifying stakeholders. This framework is intended to increase the effectiveness of engagement
with stakeholders, which is essential for maintaining the Company’s reputation, building trust, and
creating value for all stakeholders.
The stakeholder engagement framework consists of two dimensions, which are crucial in identifying
stakeholders. The frst dimension relates to the stakeholder’s interests, while the second dimension
is concerned with the stakeholder’s level of infuence. By considering both of these dimensions,
the organization can identify stakeholders and determine the appropriate modes and levels of
engagement required for each stakeholder group.
In addition to these dimensions, the Company also takes into account several criteria when
identifying stakeholder groups. These include:
(a)
The stakeholders’ level of dependency on the organization,
(b)
The level of responsibility they have in relation to the organization,
(c)
The amount of attention they receive from the organization, and
(d)
Their level of infuence over the organization.
By using this stakeholder engagement framework and considering these criteria, the Company
can better identify the stakeholders who are most crucial to its success and develop engagement
strategies that align with their needs and interests. This approach is critical for maintaining positive
relationships with stakeholders and achieving the organization’s strategic objectives.

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

Stakeholder
Group
Whether
identifed as
Vulnerable &
Marginalized
Group (Yes/
No)
Channels of communication
(Email, SMS, Newspaper,
Pamphlets, Advertisement,
Community Meetings, Notice
Board, Website), Other
Frequency of
engagement
(Annually/ Half
yearly/ Quarterly
/ others – please
specify)
Purpose and scope of
engagement including key topics
and concerns raised during such
engagement
Shareholders No
Annual General Meeting,

Shareholder meets,

Email,

Stock Exchange (SE)
intimations,

Annual report, quarterly
results, media releases and

Company’s website
Quarterly, Half
yearly and
annually
Share price appreciation, dividends,
proftability and fnancial stability,
robust ESG practices, risks, growth
prospects.
Employees &
Workers
No
Emails

Team Engagement

Engagement through Training
Programs

Notice Board
Periodically Hearing of all employee concerns
Conducting meetings People voice
meeting Suggestion Schemes
Conducting enquiries

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

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

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

Regular Meets

Personal Visits / Interviews

Satisfaction Surveys
Regular Queries/suggestions/assurance/
complaints etc.
Understating the customers’
requirements
Suppliers No
Emails

Supplier Meetings
Regular Queries/suggestions/ assurance/
complaints etc.
Raising our concerns with suppliers
Government
and Regulators
No
Reporting / Filings

Submissions/ Applications

Industry forum meets
On periodical
basis as provided
under relevant
legislations
In relation to Compliances with
applicable laws, Industry concerns,
changes in regulatory frameworks,
skill and capacity building,
employment.
Community No
Periodical Meets

Personal Visits
Periodically Under CSR projects covering
Community development, livelihood
support, disaster relief, Animal
welfare, Sanitation etc
Board of
Directors
No
Emails

Regular meetings
Quarterly and on
any event/need
basis
Company’s business operations,
planning, strategies etc.
Contractors No
Emails

Need based meetings

Periodical Reports
Periodically Contractual Agreements,
Performance evaluation, Fair
and timely payment, Quality and
performance.
Industry
& Trade
Associations
No
Emails

Regular meetings

Periodical Reports
Periodically Networking opportunities and
industry specifc updates
Trade Unions No
Emails

Need based meetings
Requirement
basis
Collective Bargaining, Worker
welfare, Change in Employment
practices, Labour relations
Subsidiaries No
Emails

Need based meetings

Periodical Reports
Quarterly and
need basis
Discussions on major Investment/
expansion plans’, Sharing of
performance Data, facilitate decision
making on major topics.
Professional &
Consultants
No
Emails

Need based meetings

Periodical Reports
Quarterly and
need basis
Compliance to legal requirements,
advice on business, legal, tax and
environment etc. related issues.
Bankers No
Periodical Meetings

Periodical Reports

Emails
Requirement
basis
Understand the banking compliance
Maintaining rapport with our bankers
Banking/Credit facilities.
Waste
Collection
Agents
No
Emails

Need based meetings
Requirement
basis
Compliance to legal requirements, to
carry out sound management of the
waste generated by the Company.

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PRINCIPLE 5: BUSINESSES SHOULD RESPECT AND PROMOTE HUMAN RIGHTS

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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:

Category FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year) FY 2021-22 (Previous Financial Year) FY 2021-22 (Previous Financial Year)
Total (A) No. of employees
/ workers covered
(B)
% (B / A) Total (C) No. of employees
/ workers covered
(D)
% (D / C)
Employees
Permanent 341 341 100% 348 348 100%
Other than permanent 1456 1456 100% 930 930 100%
Total Employees 1797 1797 100% 1278 1278 100%
Workers
Permanent 104 104 100% 111 111 100%
Other than permanent 147 147 100% 126 126 100%
Total Workers 251 251 100% 237 237 100%

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

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Category FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year)
Total (A) Equal to Minimum More than Total (D) Equal to Minimum More than
Wage Minimum Wage Wage Minimum Wage
No. (B) % (B / A) No. (C) % (C / A) No. (E) % (E / D) No. (F) % (F / D)
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Category FY 2022-23(Current Financial Year) FY 2022-23(Current Financial Year) FY 2022-23(Current Financial Year) FY 2022-23(Current Financial Year) FY 2022-23(Current Financial Year) FY 2021-22(Previous Financial Year) FY 2021-22(Previous Financial Year) FY 2021-22(Previous Financial Year) FY 2021-22(Previous Financial Year) FY 2021-22(Previous Financial Year)
**Total (A) ** Equal to Minimum
Wage
More than
Minimum Wage
**Total (D) ** Equal to Minimum
Wage
More than
Minimum Wage
**No.(B) ** %(B / A) **No.(C) ** %(C / A) **No.(E) ** %(E / D) **No.(F) ** %(F / D)
Employees
Permanent 341 0 0% 341 100% 348 0 0% 348 100%
Male 336 0 0% 336 100% 341 0 0% 341 100%
Female 5 0 0% 5 100% 7 0 0% 7 100%
Other than
Permanent
1456 0 0% 1456 100% 930 0 0% 930 100%
Male 1433 0 0% 1433 100% 915 0 0% 915 100%
Female 23 0 0% 23 100% 15 0 0% 15 100%
Workers
Permanent 104 0 0% 104 100% 111 0 0% 111 100%
Male 104 0 0% 104 100% 111 0 0% 111 100%
Female 0 0 0% 0 0% 0 0 0% 0 0%
Other than
Permanent
147 0 0% 147 100% 126 2 2% 124 98%
Male 147 0 0% 147 100% 126 2 2% 124 98%
Female 0 0 0% 0 0% 0 0 0% 0 0%

The Company provides fair and competitive compensation to all employees and workers, as part of our responsibility and ethical practices. We believe that a fair wage is crucial for the well-being and dignity of our workforce, and we aim to pay above the minimum wage in all our operations. We acknowledge that offering fair compensation is not only the right thing to do but also critical to attracting and retaining a skilled and motivated workforce.

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VTL

MP BIRLA GROUP

We regularly evaluate our compensation policies and practices to ensure that they align with our commitment to providing fair and competitive wages to all employees and workers. We are proud to have a valued and respected workforce, and we remain committed to upholding our promise of fair and equitable compensation.

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

Category Male Male Female Female
**Number ** Median remuneration/
salary/ wages of
respective category
**Number ** Median remuneration/
salary/ wages of
respective category
Board of Directors (BOD) 8 1112500 2 747500
Key Managerial Personnel (KMP) 3 7094178 0 0
Employees other than BOD and KMP 333 684804 5 587592
Workers 251 357045 0 0

4. Focal point for addressing human rights:

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 Cable Business Segment of the Company has designated the Head of Human Resources as the focal point responsible for addressing any human rights impacts or issues that may arise as a result of the business’s operations.

Additionally, within the EPC Business Segment, the Project Monitoring Committee serves as the designated focal point for addressing human rights issues.

5. Internal mechanisms in place to redress grievances related to human rights issues:

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

The Company has implemented an internal grievance redressal mechanism that incorporates a well-defined Code of Discipline. Within this framework, individuals have the opportunity to lodge complaints directly with the Project Monitoring Committee or the Head of Human Resources, should any violations occur.

Upon receiving a complaint, the designated focal point, in collaboration with the Human Resources department, initiates a thorough investigation into the matter. Prompt and appropriate remedial actions are then taken to address the situation effectively.

Furthermore, the Company maintains open and transparent channels of communication with its stakeholders, including local communities, civil society organizations, and relevant government agencies. This proactive approach ensures that any grievances related to human rights are promptly and efficiently addressed, fostering a harmonious and responsible relationship with all stakeholders involved.

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

Category FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2022-23 (Current Financial Year) FY 2021-22 (Previous Financial Year) FY 2021-22 (Previous Financial Year) FY 2021-22 (Previous Financial Year)
Filed
during the
year
Pending
resolution at the
end of year
Remarks Filed
during the
year
Pending
resolution at the
end of year
Remarks
Sexual Harassment NIL NIL None NIL NIL None
Discrimination at workplace NIL NIL None NIL NIL None
Child Labour NIL NIL None NIL NIL None
Forced Labour/Involuntary
Labour
NIL NIL None NIL NIL None
Wages NIL NIL None NIL NIL None
Other human rights related
issues
NIL NIL None NIL NIL None

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VTL

MP BIRLA GROUP

7. Prevention of discrimination and harassment cases:

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

The Company is firmly committed to maintaining a workplace environment that is free from all forms of harassment, including sexual harassment. To ensure compliance with this commitment, the Company maintains a strict Code of Conduct for Sites and Project Operations, which requires the reporting of all harassment concerns and ensures prompt resolution of any complaints received.

Moreover, the Company has established internal committees across various locations to investigate allegations of sexual harassment and recommend appropriate action, as necessary. Additionally, regular awareness and training sessions are conducted to ensure that employees are fully aware of the nuances of sexual harassment and the relevant redressal mechanisms.

8. Human rights requirements forming part of your business agreements and contracts:

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

Yes, the Company diligently ensures the inclusion of specific human rights requirements within its business contracts. These requirements encompass the following:

  1. Sellers, vendors, and suppliers are obligated to provide an Anti-Corruption Undertaking.

  2. Suppliers are required to abstain from employing child labour in any of their manufacturing or general activities conducted within the factory premises.

  3. Suppliers are expected to diligently comprehend and faithfully adhere to safety and environmental protocols.

In addition to the aforementioned clauses, other contextual and necessity-based requirements are also incorporated into the business contracts.

9. Assessments for the year:

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Category � of your plants and offices that were assessed
(by entity or statutory authorities or third parties)
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Category � of your plants and offces that were assessed
(by entity or statutory authorities or third parties)
Child labour 100 %
Forced/involuntary labour 100 %
Sexual harassment 100 %
Discrimination at workplace 100 %
Wages 100 %

10. Corrective Actions to address significant risks / concerns arising from the assessments:

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

The Company’s self-assessment and customer diligence did not reveal any noteworthy risks or concerns. The organization is committed to upholding human rights and has implemented a comprehensive framework to address significant risks and concerns associated with forced labour, child labour, sexual harassment, discrimination, and wages. This framework includes periodic evaluations to detect any potential violations and regular employee training to foster awareness and prevent such occurrences.

In the event of any violations being discovered, the Company takes swift and effective corrective action, which may involve suspending work, ending contracts, or pursuing legal action as appropriate. Furthermore, the Company continually assesses and improves its policies and procedures to ensure that human rights are upheld throughout all its operations.

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VTL

MP BIRLA GROUP

PRINCIPLE 6: BUSINESSES SHOULD RESPECT AND MAKE EFFORTS TO PROTECT AND RESTORE THE ENVIRONMENT

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ESSENTIAL INDICATORS:

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

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Parameter FY 2022-23 FY 2021-22
(Current Financial Year) (Previous Year)
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Parameter FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Year)
Total electricity consumption(A) 46310 GJ 28156 GJ
Total fuel consumption(B) 1838 GJ 298 GJ
Energy consumption through other sources(C)* 10387 GJ 10190 GJ
Total energy consumption(A�B�C) 58535 GJ 38644 GJ
Energy intensity per rupee of turnover (Total energy consumption/
turnover in rupees)
7.7 GJ 7 GJ

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.

During the FY 2022-2023, The Company’s total energy consumption saw an increase of 19891 GJ (51.5%) and an increase of 38% in total sales.

2. Designated Consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India:

This particular section is not applicable, as the Company has not been identified as designated consumer under Performance, Achieve and Trade (PAT) Scheme of the Government of India.

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

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Parameter FY 2022-2023 FY 2021-2022
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Parameter FY 2022-2023 FY 2021-2022
Water withdrawal by source(in kilolitres)
(i)
Surface water
Nil Nil
(ii)
Groundwater
131192 137912
(iii)
Thirdpartywater
Nil Nil
(iv)
Seawater / desalinated water
Nil Nil
(v)
Others
Nil Nil
Total volume of water withdrawal(in kilolitres) (i + ii + iii + iv + v) 131192 137912
Total volume of water consumption(in kilolitres) 131192 137912
Water intensity per rupee of turnover(Water consumed / turnover) 20.7 KL/Million Rs. 25.0 KL/Million Rs.
Water intensity (optional)– the relevant metric maybe selected bythe entity - -

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. The Company has not conducted any independent assessment, evaluation or assurance by an external agency.

4. Mechanism for Zero Liquid Discharge:

Has the entity implemented The Company has implemented a �ero Liquid Discharge (�LD) system at its manufacturing plant a mechanism for Zero located in Rewa, which has been operational since 1999. This mechanism ensures that no liquid Liquid Discharge? If waste is discharged from the facility. yes, provide details Water is primarily used for cooling purposes in the plant’s operations and is circulated within a of its coverage and closed loop, without any release of industrial effluent into the environment. implementation. Additionally, the domestic wastewater generated within the facility is treated in a Sewage Treatment Plant (STP), and the resulting treated water is then employed for horticultural purposes within the Company premises. This ensures a sustainable and environmentally conscious approach to water management within the organization.

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VTL

MP BIRLA GROUP

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

The Company’s cable business segment do not utilize any stacks that release air emissions.

Further, we would like to address an important matter regarding the emissions generated by our Engineering, Procurement, and Construction (EPC) business segment, during the reporting period, our EPC business faced significant challenges in measuring and documenting emissions due to the inherent complexities associated with its activities. Consequently, we regretfully acknowledge our inability to include any specific figures or data for this period within the report.

We are fully aware of the significance of environmental stewardship and the importance of transparent reporting. As such, we are actively taking steps to address this issue and enhance our emissions measurement system.

Currently, we are in the process of establishing a robust and reliable system that will enable us to accurately measure and document emissions for future financial years. We are committed to implementing comprehensive methodologies and leveraging advanced tools and technologies to ensure accurate reporting in the future.

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Parameter Please specify unit FY 2022-2023 FY 2021-2022
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Parameter Please specify unit FY 2022-2023 FY 2021-2022
NOx - Nil Nil
SOx - Nil Nil
Particulate matter (PM) - Nil Nil
Persistent organic pollutants (POP) - Nil Nil
Volatile organic compounds (VOC) - Nil Nil
Hazardous air pollutants (HAP) - Nil Nil
Others – please specify - Nil Nil

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.

The Company has not conducted any independent assessment, evaluation or assurance by an external agency. Nevertheless, the Company monitors ambient air quality on a quarterly basis through a National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited agency.

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

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Parameter Unit FY 2022-2023 FY 2021-2022
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Parameter Unit FY 2022-2023 FY 2021-2022
Total Scope 1 emissions (Break-up of the GHG into CO2,
CH4, N2O, HFCs, PFCs, SF6, NF3, if available)
Metric tonnes of
CO2 equivalent
128 21
Total Scope 2 emissions (Break-up of the GHG into CO2,
CH4, N2O, HFCs, PFCs, SF6, NF3, if available)
Metric tonnes of
CO2 equivalent
13387 9054
Total Scope 1 and Scope 2 emissions per rupee of turnover Metric tonnes of
CO2 equivalent
1.77 MT/Million Rs 1.64 MT/Million Rs
Total Scope 1 and Scope 2 emission intensity (optional) –
the relevant metric may be selected by the entity
Metric tonnes of
CO2 equivalent
- -

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.

The Company has not conducted any independent assessment, evaluation or assurance by an external agency. Nevertheless, the Company does perform quarterly monitoring of ambient air quality through an agency accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).

7. Project related to reducing Green House Gas emission:

Does the entity have any project The Company has implemented a rooftop solar power plant with a capacity of 2 MW, which related to reducing Green has significantly aided in reducing its carbon footprint. House Gas emission? If Yes, Through the utilization of solar power, the Company has succeeded in curbing its CO2 then provide details. emissions by 2406 MT in the fiscal year 2021-22 and by 2452 MT in the fiscal year 2022-23.

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VTL

MP BIRLA GROUP

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

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Parameter FY 2022-2023 FY 2021-2022
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Parameter FY 2022-2023 FY 2021-2022
Total Waste generated (in metric tonnes)
Plastic waste (A) 445 MT 310 MT
E-waste (B) Nil Nil
Bio-medical waste (C) Nil Nil
Construction and demolition waste (D) Nil Nil
Battery waste (E) Nil 5.41 MT
Radioactive waste (F) Nil Nil
Other Hazardous waste. Please specify, if any. (G) 4.8 MT 4.91 MT
Other Non-hazardous waste generated (H). Please specify, if any.
(Break-up by composition i.e. by materials relevant to the sector)
608 MT 615 MT
Total (A� B � C � D � E � F � G � H) 1057.8 MT 935.32 MT
For each category of waste generated, total waste recovered through recycling, re-using or other recovery operations
(in metric tonnes)
(i) Recycled The plastic and other hazardous waste produced by
the Company is vendored to a registered recycler,
while other non-hazardous waste is similarly sold for
recycling, wherever feasible.
(ii) Re-used
(iii) Other recovery operations
Total
For each category of waste generated, total waste disposed by nature of disposal method (in metric tonnes)
Category of waste The
Company’s
waste
management
system
encompasses appropriate waste disposal methods.
Nonetheless, the Company is not executing any disposal
methods as specifed.
(i) Incineration
(ii) Landflling

(iii) Other disposal operations
Total

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.

The Company has not conducted any independent assessment, evaluation or assurance by an external agency.

9. Waste management practices adopted in the establishment:

Briefly describe the The Company has implemented a suite of waste management practices to curtail waste generation waste management and ensure that all waste is handled in an ecologically responsible manner. practices adopted in Cable Business: your establishments. The storage, collection, and disposal of hazardous waste adheres to consent conditions. The Describe the strategy hazardous waste generated is disposed of by vending it to Authorised Recyclers approved by the adopted by your Central Pollution Control Board (CPCB). Similarly, solid waste is also disposed of in compliance with company to reduce Consent Conditions. usage of hazardous and toxic chemicals Although the manufacturing process of cables employs non-hazardous materials, certain waste in your products and material is categorized as hazardous due to the recycling process involved. processes and the EPC Business: practices adopted to This Business Segment places significant emphasis on the proper segregation of waste materials. manage such wastes. Following meticulous sorting, two primary approaches are taken: firstly, where possible, segregated waste materials are reused internally to minimize waste production and encourage efficient resource usage.

Secondly, any waste that cannot be reused in-house is vended to approved vendors who have the competence to responsibly handle and manage such materials. These practices exemplify the Company’s commitment to sustainable waste management and play a part in reducing the environmental impact of our operations.

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VTL

MP BIRLA GROUP

10. 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:

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

The Company does not have any offices or operational sites in the vicinity of any ecologically sensitive area.

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

The aforementioned section is not relevant to the Company. Nevertheless, the Company carries out an Aspect Impact Analysis of all its manufacturing processes as required by ISO 14001.

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

Yes, the Company is fully compliant with all the applicable environmental laws/regulations/guidelines in India including but not limited to Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules.

PRINCIPLE 7: BUSINESSES, WHEN ENGAGING IN INFLUENCING PUBLIC AND REGULATORY POLICY, SHOULD DO SO IN A MANNER THAT IS RESPONSIBLE AND TRANSPARENT

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ESSENTIAL INDICATORS:

1. (A) Affiliations with trade and industry chambers/ associations:

Number of affiliations with trade and industry chambers/ associations.

The Company is affiliated with five (5) trade and industry chambers/associations.

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

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Sl. Name of the trade and industry chambers/ associations Reach of trade and industry chambers/
No. associations (State/National)
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Sl.
No.
Name of the trade and industry chambers/ associations Reach of trade and industry chambers/
associations (State/National)
1. Indian Electrical and Electronics Manufacturers Association (IEEMA) National
2. Engineering Export Promotion Council of India (EEPC) National
3. Telecom Equipment and Services Export Promotion Council (TEPC) National
4. Federation of Indian Export Organisations (FIEO) National
5. Bombay Chamber of Commerce & Industry (BCCI) State

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

Name of authority Brief of the case Corrective action taken
- - -

The Company has not engaged in any anti-competitive conduct.

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VTL

MP BIRLA GROUP

PRINCIPLE 8: BUSINESSES SHOULD PROMOTE INCLUSIVE GROWTH AND EQUITABLE DEVELOPMENT

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The Company places significant emphasis on its Social Policy, which encompasses a range of objectives including animal welfare, the establishment of environmentally sustainable social infrastructure, improved health facilities, the eradication of hunger, and the promotion of education pertaining to culture.

Furthermore, the Company actively engages in contributing to the social and economic advancement of the communities in which it operates. This commitment is reflected in the comprehensive Corporate Social Responsibility (CSR) policy, which encompasses the formulation, implementation, monitoring, evaluation, documentation, and reporting of CSR activities undertaken by the Company.

Through its social investments, the Company addresses various needs of the communities residing in the proximity of its facilities and plants. It achieves this by undertaking sustainable initiatives in critical areas such as health, education, animal welfare, infrastructure and community development, as well as responding to natural disasters and pandemics. By undertaking these initiatives, the Company strives to make a positive and lasting impact on the well-being and development of the local communities it serves.

ESSENTIAL INDICATORS:

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

Name and brief details
of project
SIA
Notifcation
No.
Date of
notifcation
Whether conducted by
independent external
agency (Yes / No)
Results communicated
in public domain (Yes /
No)
Relevant
Web link
This section is not applicable to the Company as there were no projects that required SIA to be undertaken under Law.

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

Sl.
No.
Name of Project for
which R&R is ongoing
State District No. of Project Affected
Families (PAFs)
% of PAFs
covered by R&R
Amounts paid to PAFs
in the FY (In INR)
This section is not applicable to the Company as there were no projects that required Rehabilitation and Resettlement (R&R).

3. Community redressal mechanism:

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

The implementation of an effective Grievance Redressal Mechanism (GRM) is vital in fostering a strong bond with the community and acquiring the essential social license to carry out community-focused endeavours.

To ensure that community members have a platform to voice their concerns, the Company has established a readily accessible and efficient grievance redressal mechanism. Within this framework, local employees regularly engage with the community, actively seeking out grievances and addressing them in a timely manner.

Upon receiving feedback or complaints, the Company undertakes a comprehensive investigation of the matter at hand, leaving no stone unturned. This diligent process enables the Company to gather all relevant information and ascertain the appropriate actions required to rectify the situation. Swift corrective measures are then implemented to effectively resolve the grievances and maintain a harmonious relationship with the community.

By upholding such a responsive and transparent approach, the Company endeavours to foster trust, open communication, and mutual respect with the community, thereby ensuring that their concerns are acknowledged and addressed in a satisfactory manner.

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VTL

MP BIRLA GROUP

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

Category FY 2022-23
(Current Financial Year)
FY 2021-22
(Previous Financial Year)
Directly sourced from MSMEs/ small producers 35.35% 33.12%
Sourced directly from within the district and neighbouring districts 47.53% 44.23%

PRINCIPLE 9: BUSINESSES SHOULD ENGAGE WITH AND PROVIDE VALUE TO THEIR CONSUMERS IN A RESPONSIBLE MANNER

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The Company places great importance on its commitment to responsibly engage with and provide value to its consumers, considering it a fundamental aspect of its business strategy. This approach not only builds trust and loyalty among customers but also contributes to a sustainable future for all stakeholders involved.

As a responsible entity, the Company acknowledges the significance of engaging with and offering value to its consumers in a responsible manner. It strives to ensure that its products and services not only meet the needs of customers but also minimize any potential adverse effects on society and the environment.

In pursuit of this objective, the Company actively seeks to understand the preferences and requirements of its customers. It maintains diverse channels of communication to interact with them, aiming to deliver the best possible experience. Moreover, the Company is committed to providing accurate and transparent information about its products and services. This includes comprehensive details about their safety, quality, and environmental impact.

By adopting this customer-centric approach, the Company aims to foster long-lasting relationships with its customers while upholding its commitment to social and environmental responsibility. Through these efforts, the Company strives to create a positive impact and contribute to a sustainable future for all stakeholders involved.

ESSENTIAL INDICATORS:

1. Consumer Complaints and feedback:

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

The Company has implemented various channels through which customers can easily communicate their concerns and engage with the Company. To facilitate this, the contact information for all branches and marketing offices of the Company can be found on its website at https://www.vtlrewa.com/contact.html.

In addition to these avenues, the Company has taken the initiative to assign a dedicated accounts manager to key customers. This personalized support ensures that the specific requirements, grievances, and expectations of these customers are effectively addressed.

When a customer complaint is received, it is promptly conveyed to the sales department in Rewa. The details of the complaint are duly recorded in a customer complaint register, enabling a systematic approach to resolution. The Company takes immediate corrective and preventive actions to address the complaint and ensures that the customer is kept informed about the steps taken to resolve the issue.

To gauge the satisfaction levels of its customers, the Company conducts an annual consumer satisfaction survey. This survey allows customers to provide feedback on their experiences, enabling the Company to identify areas for improvement and effectively address any issues raised by its customers.

By establishing these comprehensive mechanisms, the Company strives to maintain open lines of communication with its customers, promptly address their concerns, and continuously enhance its services based on customer feedback.

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

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Category As a percentage to total turnover
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Category As a percentage to total turnover
Environmental and social parameters relevant to the product 100%
Safe and responsible usage 100%
Recycling and/or safe disposal Not applicable

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MP BIRLA GROUP

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

Category FY 2022-23
(Current Financial Year)
FY 2022-23
(Current Financial Year)
Remarks FY 2021-22
(Previous Financial Year)
FY 2021-22
(Previous Financial Year)
Remarks
Received
during the year
Pending
resolution at
end of year
Received
during the year
Pending
resolution at
end of year
Data Privacy During the fnancial years 2021-22 and 2022-23, the Company
has not received any complaints within the specifed categories.
Advertising
Cyber Security
Delivery of
essential Services
Restrictive Trade
Practices
Unfair Trade
Practices
Other

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

Particulars Number Reasons for recall
Voluntary recalls Nil Nil
Forced recalls Nil Nil

5.

Cyber security policy:

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.

The Company has implemented a robust Information Security Management Policy that clearly outlines its dedication to upholding the confidentiality, integrity, and availability of information.

Furthermore, the Company has attained ISO 27001 certification for its Information Security Management System, which serves as a testament to its unwavering commitment to maintaining the highest levels of information security. This certification underscores the Company’s adherence to globally recognized standards in safeguarding sensitive information.

For detailed information regarding the Information Security Management Policy, please refer to the Policy document, which can be accessed at the following weblink: https://www.vtlrewa.com/ISMS-Policy.pdf.

This document provides comprehensive insights into the Company’s practices and procedures for ensuring the security of information assets, reinforcing its commitment to protecting valuable information from unauthorized access, disclosure, alteration, or destruction.

6. Corrective Actions:

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

This particular section is not applicable.

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