NOCIL Limited has informed the Exchange regarding 'Submission of Business Responsibility and Sustainability Report for the Financial Year 2024-25'.
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Awaiting price reaction for this filing.
NOCIL Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 with the stock exchanges, as required under SEBI's Listing Regulations. The company manufactures rubber chemicals and accelerators (100% of turnover), with a turnover of ₹1,372 crore and net worth of ₹1,753 crore, and exports contributing 35% of revenue to 40 countries. The report identifies key material risks including GHG emissions, air quality, energy and water management, hazardous waste, employee health and safety, and critical incident risks, with no material financial implications reported in FY25. NOCIL holds multiple ISO certifications (14001, 45001, 50001, 9001, 17025, 20400) and has signed a near-term commitment under the Science Based Target initiative (SBTi) while participating in the UN Global Compact. The company voluntarily obtained limited assurance from TUV SUD for BRSR Core, ahead of SEBI's mandatory reasonable assurance requirement that kicks in from FY 2026-27. Workforce diversity remains low, with women making up only 7.89% of employees and 0% of KMPs, and no differently-abled persons employed.
This is a routine regulatory compliance filing with no new material business action, so it is unlikely to move the stock price. However, it reinforces NOCIL's ESG credentials, its progress on sustainability commitments (SBTi, UNGC), and its clean compliance record with no fines or penalties in FY25, which may appeal to ESG-focused institutional investors.