In terms of the provisions of Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Business Responsibility and Sustainability Report of Kansai Nerolac Paints Limited for the financial year 2024-25 is enclosed herewith.
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Kansai Nerolac Paints (KNPL) has filed its mandatory Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 under SEBI's Listing Regulations, covering its paints, varnishes, enamels, and lacquers business. The company reported a turnover of ₹7,496.7 crore and a net worth of ₹6,366.2 crore, operating from 9 manufacturing plants, 1 R&D centre, and 122 offices with 5,492 employees and 5,083 workers. Multiple ongoing GST demand orders from various state tax authorities were disclosed, aggregating roughly ₹13.92 crore, all of which the company is contesting through appeals. The report also highlights sustainability initiatives including water-positive status, 100% plastic waste collection under EPR, ISO 14001, 45001, and 50001 certifications, and zero reportable workplace safety incidents. Customer complaints decreased to 794 in FY25 from 836 in FY24, with 9 pending at year-end. Kansai Paint Co. Ltd. Japan continues to hold a 74.99% stake as the parent company.
This is a routine regulatory ESG disclosure mandated by SEBI for top 1,000 listed companies, with no direct material impact on stock price. Investors should note the disclosed GST disputes of ~₹13.92 crore, which the company is appealing and considers recoverable, along with the strong sustainability track record (water-positive, zero safety incidents) that may appeal to ESG-focused funds.