ION Exchange (India) Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for FY 2024-25'.
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Awaiting price reaction for this filing.
Ion Exchange (India) Limited has filed its annual Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 with the stock exchanges, as required under SEBI's listing rules. The company, which operates in water and waste management, reported a turnover of Rs 2,540 crore and a net worth of Rs 1,270 crore during the year. It employs 2,672 people, of whom only about 7% are women on its permanent rolls, and serves customers across 67 countries with exports making up 31% of turnover. The report was independently reviewed by Bureau Veritas (India) on a limited assurance basis. The company has set long-term goals to become net-zero on greenhouse gas emissions and water positive, with 99.9% of its R&D spend and 71.6% of capex directed towards environmental and social improvements. No fines, penalties, or corruption cases were reported, and all 11 shareholder complaints received during the year were resolved.
This is a routine mandatory ESG disclosure and not a price-moving event. It reinforces the company's sustainability commitments and could appeal to ESG-focused investors, but does not change the fundamental business outlook.