Shanthi Gears Limited has informed the Exchange about the Business Responsibility and Sustainability Report for the FY 2024-25
SHANTIGEAR · price
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Awaiting price reaction for this filing.
Shanthi Gears Limited, a subsidiary of Tube Investments of India (70.46% stake), has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 with NSE and BSE as mandated by SEBI's Listing Regulations. The company manufactures gears, gear boxes and geared motors (100% of turnover), reporting FY25 revenue of ₹604.62 crore, net worth of ₹402.99 crore, and exports contributing 9.80% of turnover across 27 countries. It operates 3 manufacturing plants and 1 office in India, employs 380 permanent and other employees, and engages 1,071 workers. The company has set 2030 ESG targets and is currently at: 45% renewable energy (target 75%), 15% energy intensity reduction (target 30%), 27% waste reduction (target 50%), zero lost-time injuries achieved, 82% employee retention (target 90%), and only 8% women in management roles (target 20%). The report covers all 9 NGRBC principles with quarterly board-level reviews, and discloses multiple material ESG risks including legal compliance, occupational health and safety, waste/water management, and cyber security.
This is a routine mandatory regulatory filing under SEBI's Regulation 34(2)(f) and is unlikely to move the stock on its own, but it provides investors a transparent view of the company's ESG progress and risks. Key positives include zero workplace injuries, rising renewable energy share, and multiple ISO certifications; concerns remain around low gender diversity and weak supply chain ESG assessment coverage (<20% vs 80% target).