Banco Products (India) Limited has appointed Kshitikesh Parmeshwar as Chief Technology Officer, effective September 14, 2026. The appointment strengthens the company’s senior management team with deep expertise in automotive research and development.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sachin Dalwadi, Company Secretary and Compliance Officer, signed the intimation to the stock exchanges.

Appointment Details

Mr. Parmeshwar joins the company as a Senior Management Personnel. His profile highlights extensive experience in the automotive sector, specifically within thermal management domains.

Professional Background

Mr. Parmeshwar holds a Bachelor of Technology degree in Mechanical Engineering from NIT Calicut. He possesses more than 30 years of experience in research and development, product innovation, and engineering leadership.

His career focuses on the automotive and thermal management sectors. He is recognized for developing patented technologies and building R&D organizations from scratch. Additionally, he has driven breakthrough innovations for global original equipment manufacturers.

Banco Products (India) Limited filed its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, with the stock exchanges on August 27, 2026. The submission complies with Regulation 34(2)(f) of the SEBI Listing Obligations and Disclosure Requirements Regulations.

The report covers standalone operations across four national plants and four offices. It discloses key metrics on energy consumption, waste management, and human resources.

Operational Scope

The company operates entirely within India, serving markets in 27 states and eight union territories domestically. Internationally, it serves customers in 39 countries. Exports contributed 28% of the total turnover for the period.

Business activities are concentrated in manufacturing radiators, radiator assemblies, oil coolers, and related products. This segment accounted for 100% of the entity's turnover. Radiator cores and assemblies specifically contributed 93.45% of total turnover.

Environmental Metrics

Total energy consumption rose to 144,687.8 GJ in FY26, up from 139,599.8 GJ in FY25. Renewable energy sources provided 8,879.06 GJ, while non-renewable sources supplied 135,808.78 GJ. Energy intensity per rupee of turnover decreased to 0.0000118003 GJ/rupee from 0.00001283705 GJ/rupee in the prior year.

Water withdrawal totaled 83,721.58 kilolitres, a decline from 86,576 kilolitres in FY25. Groundwater constituted the largest share at 49,614.58 kilolitres. The company reported zero liquid discharge, utilizing industrial wastewater for gardening and cooling towers.

Waste generation increased significantly to 99.352 metric tonnes from 51.635 metric tonnes in FY25. Plastic waste drove this increase, rising to 99.352 metric tonnes from 50.905 metric tonnes. Recycling efforts recovered 25.67 metric tonnes of waste, down from 27.413 metric tonnes previously.

Human Resources

The workforce comprises 452 permanent employees and 3,152 workers. Female representation among employees stands at 5%, while workers show a 6% female participation rate. Turnover rates remained low at 0.97% for permanent employees and 0.22% for permanent workers in FY26.

The company reported no lost-time injuries or fatalities for both employees and workers during the year. Training coverage reached 100% for all categories, including safety and skill upgradation programs.

Governance and Compliance

The Sustainability Committee, chaired by Non-Executive Director Mehul K. Patel, oversees ESG initiatives. The company maintains policies aligned with nine National Guidelines on Responsible Business Conduct principles. No fines or penalties were reported for regulatory non-compliance during the year.

Related party transactions accounted for 7.34% of purchases and 18.05% of sales. Investments in related parties represented 35.59% of total investments made by the entity.