Minda Corporation Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the financial year 2024-25
MINDACORP · price
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Minda Corporation Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, as required under SEBI's Listing Regulations. The report is prepared on a standalone basis covering 22 manufacturing plants and 6 offices in India. The company is an automotive component manufacturer (100% of turnover) with products including lock kits, wiring harnesses, starter motors, and castings, serving OEMs in 30 countries with exports at 7.9% of turnover. Key ESG highlights include: about 24% of total energy now sourced from solar, 1.3 MW of additional rooftop solar added in FY25, and a Science Based Targets initiative (SBTi) commitment to reduce carbon emission intensity by 42% by 2030 (with FY22-23 as baseline). Workforce stands at 2,015 permanent employees (12% female) and 15,993 workers (30% female). The company reported no fines, penalties, or corruption cases in FY 2024-25. Turnover for FY24-25 was ₹41,443 million with net worth of ₹19,107 million.
This is a routine regulatory compliance filing with no direct impact on stock price or shareholder value. However, it signals Minda's growing focus on sustainability and ESG practices, which may appeal to ESG-focused investors and support long-term operational efficiency through renewable energy adoption and supply chain improvements.