Business Responsibility and Sustainability Report for the financial year 2024-25
Awaiting price reaction for this filing.
Piramal Enterprises Limited submitted its Business Responsibility & Sustainability Report for FY2024-25 as part of its Integrated Annual Report, as required under SEBI LODR Regulation 34(2)(f). The company, primarily a non-banking financial services firm (98.74% of turnover from financial services), reported a turnover of ₹10,269.56 crore and a net worth of ₹22,939.10 crore. It employs 16,397 people across 571 national offices and 1 international office, with women making up 12.71% of the workforce and 35.71% of the board. Key ESG highlights include raising $550 million under a sustainable finance framework, supporting 1,21,014 women borrowers, providing affordable housing loans to 39,621 customers, and achieving 91.39% ESG training coverage for employees. The company also disclosed an ongoing GST appeal involving a ₹1,502.42 crore penalty related to its earlier pharma business slump sale to Piramal Pharma Limited.
This is a routine annual regulatory disclosure and is unlikely to move the stock on its own. However, the disclosed ₹1,502.42 crore GST penalty (under appeal) on the legacy pharma slump sale remains a key watch item for shareholders, while the growing sustainable finance book and strong financial inclusion outreach may support the company's ESG positioning with institutional investors.