Garware Hi-Tech Films Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report (BRSR)'.
GRWRHITECH · price
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Awaiting price reaction for this filing.
Garware Hi-Tech Films has submitted its BRSR for FY 2024-25, reporting a turnover of ₹1,995.45 crore and net worth of ₹2,311.03 crore. The company manufactures BOPET films — lamination films (41% of sales), PET films (32%), and paint protection films (27%) — with 76% of revenue coming from exports to 90+ countries. It operates 3 domestic plants and offices in the US and UK, employing 802 permanent staff and 1,194 workers. Key sustainability highlights include a target to cut total emissions by 63% by FY 2034-35 (baseline FY 2022-23), Zero Liquid Discharge systems, ISO 9001:2015 and BRCGS A+ certifications, and recycling 664 metric tonnes of plastic in FY 2024-25 (up from 297 MT in FY 2023-24). R&D spending stood at 0.36% of turnover (₹712 lakhs), and 100% of permanent employees are covered by health and accident insurance.
This is a routine regulatory BRSR filing under SEBI's Listing Regulations, so it is unlikely to move the stock price on its own. However, it gives shareholders visibility into the company's ESG commitments — including the 63% emission reduction target, strong export orientation (76%), and growing plastic recycling — which may support long-term sustainability credentials and appeal to ESG-focused investors.