Asahi India Glass Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026, with the National Stock Exchange of India Ltd. and BSE Limited on August 27, 2026.

The disclosure was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report forms part of the company's Integrated Annual Report for FY26.

Reporting Scope and Assurance

The BRSR disclosures are presented on a standalone basis. Bureau Veritas (India) Pvt. Ltd. provided an independent reasonable assurance report on the BRSR Core Indicators. The assurance engagement covered key performance indicators across nine ESG attributes, including greenhouse gas footprint, water footprint, energy footprint, and employee wellbeing.

Operational Overview

Asahi India Glass operates 14 plants and six offices across India. The company serves markets in 28 states and eight union territories domestically, alongside exports to more than seven countries internationally.

Exports contributed 0.36% of total turnover during the period. The business spans three segments: Automotive Glass, Building and Construction (Architectural) Glass, and Consumer Glass. The company reported an approximate market share of 80% in the Indian passenger vehicle glass segment and 12% in the domestic architectural glass segment.

Key ESG Metrics

Total energy consumption decreased from 5,917,518 GJ in FY25 to 5,054,921 GJ in FY26. Renewable energy consumption rose from 491,248 GJ to 605,220 GJ. Water withdrawal fell from 650,486 KL to 563,826 KL. Scope 1 and Scope 2 greenhouse gas emissions combined totaled 483,857 metric tonnes of CO2 equivalent, up from 407,167 metric tonnes in the prior year. Total waste generated dropped significantly from 32,431 metric tonnes to 14,892 metric tonnes.

Employee Data

The company employed 2,389 permanent and non-permanent employees and 5,735 workers as of March 31, 2026. Female representation among employees stood at 4.45%. The board of directors included three women, representing 33% of the total board strength of ten members.

What the Numbers Show

Waste recovery operations accounted for 12,823.19 metric tonnes out of 14,892.10 metric tonnes generated in FY26. This indicates a high circularity rate within the manufacturing process, driven largely by the recycling and reuse of glass cullet and other materials.

Asahi India Glass has scheduled its 41st Annual General Meeting for September 18, 2026, to consider the adoption of audited financial statements for FY26. The Board proposes a final dividend of ₹2 per equity share for the year ended March 31, 2026.

The meeting will be conducted via Video Conferencing or Other Audio-Visual Means, as permitted by Ministry of Corporate Affairs circulars. The record date for dividend eligibility is September 11, 2026.

Key Resolutions

Shareholders will vote on several ordinary and special business items, including the reappointment of directors and ratification of cost auditor remuneration.

Director Reappointments

The meeting seeks approval for the following director appointments:

• Reappointment of Mr. Shashank Srivastava and Mr. Kazuo Ninomiya, who retire by rotation.
• Reappointment of Mr. Masao Fukami as Whole-time Director (Deputy Managing Director - Technical & CTO Auto) for up to four years effective January 1, 2027. His remuneration includes a basic salary of ₹1.5 lakh per month and a commission of up to 1% on net profits.

Cost Auditor Remuneration

Members are asked to ratify the remuneration of ₹1.75 lakh per annum for M/s. Ashish & Associates, appointed as Cost Auditors for FY27.

Related Party Transactions

The Board seeks omnibus approval for material related-party transactions (RPTs) for FY27, totaling up to ₹2,850 crore. These transactions are deemed necessary for business operations and are structured at arm's length.

Transaction Details

Maruti Suzuki India Limited, a promoter holding 10.59% equity in the company, accounted for sales of ₹87,296.79 lakh in FY26. The proposed FY27 limit represents 30% of the listed entity's annual consolidated turnover for the preceding year.

AGC Asia Pacific Pte Limited, a group company of promoter AGC Inc., had transactions valued at ₹54,504.65 lakh in FY26. The proposed limit is 15% of AIS's annual consolidated turnover.

AIS Consumer Glass Solutions Limited, a subsidiary in which AIS holds 98.50%, reported turnover of ₹64,094.20 lakh in FY26. The proposed transaction value constitutes 93.61% of the subsidiary's standalone turnover.

What the Numbers Show

The scale of the proposed related-party transactions highlights the company's deep integration with its promoter group. With Maruti Suzuki alone accounting for a proposed ₹1,500 crore exposure—equivalent to 30% of AIS's previous year's consolidated turnover—the company's revenue visibility remains heavily dependent on this single automotive customer. Similarly, the proposed ₹600 crore transaction with its own subsidiary, AIS Consumer Glass Solutions, underscores the internal channel's dominance, representing nearly 94% of that subsidiary's prior-year turnover.