Pursuant to Regulation 34(2)(f) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, we submit herewith the Business Responsibility ....
AIAENG · price
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AIA Engineering has submitted its BRSR for FY 2024-25, reporting on standalone basis with reasonable assurance from Shailesh Haribhakti and Associates. The company, a manufacturer of iron and steel castings (NIC 24319), operates 5 plants nationally and 12 internationally, serving 120 countries with exports contributing 58.28% of turnover. Key ESG highlights include achieving 29.3% renewable electricity usage (exceeding the 2027 target ahead of schedule via 37.38 MW wind-solar capacity), eliminating single-use plastic from packaging, and maintaining customer satisfaction at 97.6%. The workforce comprises 1,320 permanent employees and 2,366 workers, with significant male representation (99%+). A penalty of ₹2,66,000 was paid to stock exchanges for inadvertent delayed compliance in three cases under SEBI LODR. The company has ISO 9001, ISO 14001, and ISO 45001 certifications, with an ESG Committee led by the Managing Director overseeing sustainability initiatives.
This is a routine annual ESG/sustainability disclosure required by SEBI under Regulation 34(2)(f) and does not directly impact stock price. The renewable energy achievement and ESG progress reinforce AIA's reputation as a sustainability-focused manufacturer, which may appeal to ESG-conscious investors. The minor regulatory penalty for delayed compliance is immaterial.