Pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/CMD-2/P/CIR/2021/562 dated 10th May 2021, we are enclosing herewith Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2024-25 as Annexure-1. The said report also forms part of Annual Report 2024-25 of the Company as Annexure M.
SKFINDIA · price
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SKF India has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended 31st March 2025, as part of its Annual Report. The company manufactures and distributes bearings and related products (98% of turnover) with operations in 31 Indian states and exports to 34 countries. FY24-25 turnover was Rs 4,920 crore with a net worth of Rs 2,598 crore. The company employs 1,253 permanent and non-permanent staff and 2,141 workers, with 24% female representation among employees. Key sustainability commitments include Net-Zero emissions by 2050, water neutrality by 2030, and 35% diversity in leadership by 2025; the company has already sourced over 95% of its energy from renewables and achieved water neutrality at its Bangalore facility. No anti-corruption penalties, no fatalities, and only 2 recordable worker injuries were reported during the year.
This is a routine annual regulatory disclosure under SEBI's listing rules and is unlikely to move the stock price. The improving safety metrics, sharp drop in customer complaints (from 467 to 149), and progress on renewable energy targets reinforce SKF India's ESG credentials for long-term investors.