Business Responsibility and Sustainability Report for the financial year 2024-25.
Awaiting price reaction for this filing.
Piramal Enterprises (PEL) filed its annual Business Responsibility and Sustainability Report for FY 2024-25, as required under SEBI's listing rules. PEL is mainly an NBFC, with 98.74% of turnover coming from financial services; FY25 turnover was ₹10,269.56 crore and net worth was ₹22,939.10 crore. The company employs 16,035 permanent staff across 571 offices in 26 Indian states, with women making up 12.71% of the workforce and 35.71% of the board. Key ESG progress includes supporting 1.21 lakh women borrowers, 39,621 affordable housing customers, 14 slum rehabilitation and 11 green real estate projects, and raising $550 million through a sustainable finance framework. 91.39% of employees completed mandatory ESG training, and the company holds ISO 45001 and Great Place to Work certifications. PEL also disclosed a major GST-related penalty of about ₹1,502 crore linked to the earlier slump sale of its pharma division to Piramal Pharma Ltd, against which it has filed an appeal.
This is a routine annual ESG compliance filing with no direct share-price trigger, but it highlights the company's improving sustainable finance and financial inclusion footprint. The large ongoing GST dispute on the pharma slump sale remains a key watch item for shareholders as it could materially impact future earnings if the appeal is unsuccessful.