SRF Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report- SRF Limited'.
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SRF Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, submitted to stock exchanges as part of its Annual Report under SEBI's Listing Regulations. Key financials disclosed include a standalone turnover of ₹11,697.97 crore and net worth of ₹11,288.72 crore, with the chemicals business contributing ~57% of revenue, performance films ~22%, and technical textiles ~17%; exports make up 40% of turnover across 89 countries. The company employs 3,853 permanent employees and 10,958 workers (including contract labour) across 10 domestic plants, and has set ESG targets such as 30% renewable energy usage by 2030, improved water credit-to-debit ratio, and a goal of an injury-free workplace. The report flags several ongoing tax/GST disputes with aggregate demands of over ₹92 crore (the largest being a ₹85.23 crore IGST refund denial under appeal), zero workplace fatalities, and reduced shareholder complaints (183 vs 316 last year). BDO India LLP has provided reasonable assurance on BRSR Core parameters.
This is a routine annual compliance filing with no direct stock-moving event, but the disclosure of a ₹85.23 crore tax demand under appeal and other smaller penalties may draw investor attention. The strong sustainability disclosures, women workforce initiatives, and reduced shareholder grievance backlog are positive from a governance standpoint.