Page Industries Limited has informed the Exchange regarding 'BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT'.
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Awaiting price reaction for this filing.
Page Industries has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, which forms part of the Annual Report, as required under SEBI's listing regulations. The company, which manufactures Jockey and Speedo branded garments, reported a turnover of Rs 4,913 crore and a net worth of Rs 1,407 crore during the year. Key ESG highlights include a 19% reduction in energy intensity and a 42% reduction in GHG emission intensity (Scope 1+2) against the FY 2019-20 baseline, with renewable energy making up 33% of total consumption. The company also achieved 90.23% women representation in its factory workforce, recycled 1,308 MT of plastic packaging waste, and set a revenue target of Rs 8,000 crore by FY 2028-29. A minor penalty of Rs 10,000 was paid to BSE/NSE for a delay in filing a related-party transaction disclosure.
This is a routine regulatory disclosure and is unlikely to have any direct impact on the stock price. However, it shows progress on sustainability goals—particularly on emissions reduction, renewable energy adoption, and workforce diversity—which may be viewed positively by ESG-focused investors.