Balkrishna Industries Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the stock exchanges. The filing, submitted by Vipul Shah, Director & Company Secretary, details the company's performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The report highlights the company's commitment to responsible business practices, stakeholder engagement, and sustainable growth. Bureau Veritas (India) Private Limited has issued an Independent Assurance Statement providing reasonable assurance on the core indicators disclosed in this BRSR.

Governance and Oversight

The company has constituted a dedicated Business Responsibility and Sustainability Committee (BRSC) of the Board to oversee ESG strategies. The committee includes Pannkaj Ghadiali as Chairman, along with members Arvind Poddar and Rajiv Poddar. The Board of Directors, supported by senior management, brings together diverse expertise across industry, finance, law, operations, ESG, and strategy to ensure effective oversight. The company maintains a zero-tolerance approach towards bribery and corruption, with no instances of material fines or penalties reported during the financial year.

Environmental Performance

Balkrishna Industries reported revenue from operations of ₹10,819 crores for the current year, compared to ₹10,966 crores in the previous year. The company has implemented Zero Liquid Discharge (ZLD) systems at its major manufacturing facilities in Bhuj and Waluj, with installation underway at Bhiwadi and Chopanki. Initiatives to reduce greenhouse gas emissions include the conversion of gas boilers to biomass boilers and the electrification of material handling equipment. The company has also mapped its emission inventory and is developing a decarbonisation roadmap.

Social and Human Capital

The company reported a total workforce of 11,518 individuals, comprising 3,258 permanent employees, 912 permanent workers, and 7,348 other than permanent workers. The gender diversity among permanent employees stands at 1.9% women. The company has set a target to increase the number of women employees by 50% by FY 2030, using FY 2024 as the baseline. All product manufacturing plants are certified with ISO 45001:2018, and the company sustained a record of zero fatalities at the workplace during the reporting period.

Value Chain and Stakeholder Engagement

The company engages with stakeholders through structured mechanisms, including surveys, direct interactions, and periodic assessments. During the reporting period, around 50% of value chain partners (by value) were assessed on ESG parameters through onsite and desktop assessments. The company has also engaged with and trained 75% of its identified value chain partners on BRSR Value Chain disclosure requirements. Balkrishna Industries continues to comply with all applicable environmental laws and regulations in India.

Balkrishna Industries Ltd has successfully completed the expansion of its Carbon Black project and Power Plant facility, marking a significant step in its growth strategy for 2030. The company informed the stock exchanges on June 29, 2026, that both projects were finished, increasing production capacity and power generation capabilities to meet future demand.

The Carbon Black expansion project raised the total capacity to 3,60,000 MTPA from the previously announced 2,65,000 MTPA. The project involved an additional capacity of 95,000 MTPA and required an investment of ₹800 Crore. The expansion was entirely financed through internal accruals, and the existing capacity utilization stood at 91% prior to the upgrade.

Simultaneously, the company completed the expansion of its Power Plant, increasing its capacity from 40 MW to 64 MW. This addition of 24 MW was announced on February 24, 2026, and involved an investment of ₹125 Crore. The existing capacity utilization for the power plant was recorded at 80%. Like the Carbon Black project, this expansion was also funded via internal accruals.

Given the integrated nature of the capital expenditure program, certain equipment and infrastructure were shared between the Power Plant and Carbon Black production lines. The completion of these projects is expected to bolster the company's operational efficiency and support its long-term growth objectives.

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