Belrise Industries filed its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, with the National Stock Exchange of India Limited and BSE Limited on September 8, 2026.

The disclosure covers standalone operations across 20 plants and 5 offices in India. The company reported a turnover of ₹75,283.3 crore and a net worth of ₹50,835.3 crore for the period.

Workforce and Operations

Belrise employed 1,798 permanent employees and engaged 5,149 workers at the end of FY26. The workforce is predominantly male, comprising 94.99% of permanent employees and 84.52% of workers. Female representation stands at 5.01% among permanent employees and 15.48% among workers.

The company operates primarily in the auto component sector, manufacturing parts for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. Exports contributed 5.48% to total turnover, serving markets in five countries alongside domestic operations in 28 Indian states.

Environmental Metrics

Total energy consumption rose to 277,531.60 Gigajoules in FY26 from 253,238.80 Gigajoules in the previous year. Renewable energy sources accounted for 40,491.02 Gigajoules, while non-renewable sources contributed 237,040.58 Gigajoules.

Water withdrawal increased to 233,128.60 kiloliters, driven by higher usage of third-party water (170,693.00 kiloliters) and groundwater (62,435.60 kiloliters). Total water consumption reached 153,147.18 kiloliters.

Greenhouse gas emissions saw an increase in Scope 2 emissions to 29,320.91 tCO2eq from 26,964.81 tCO2eq in FY25. Scope 1 emissions remained relatively stable at 5,643.18 tCO2eq. Total waste generated decreased to 14,063.75 metric tons from 15,600.57 metric tons in the prior year.

Governance and Social Responsibility

The company reported zero complaints regarding sexual harassment, discrimination, child labor, or forced labor during FY26. All permanent employees and workers are covered under Provident Fund, Gratuity, and Employees' State Insurance schemes.

Belrise has set a target to source 40% of its energy requirements from renewable sources by FY28-29. The company currently holds ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, and ISO 45001:2018 certifications across its plants.

What the Numbers Show

Related-party transactions remain a significant portion of the company's financial activity. Purchases from related parties constituted 33.48% of total purchases, while sales to related parties accounted for 18.67% of total sales in FY26. Notably, loans and advances given to related parties represented 100% of total loans and advances, indicating a high concentration of financial exposure within the group structure.

Belrise Industries has recommended the appointment of M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. as its joint statutory auditors for a five-year term commencing from FY27.

The Board of Directors made the recommendation on September 8, 2026, following the expiry of the current auditor's term. The new appointees will hold office from the conclusion of the 30th Annual General Meeting until the conclusion of the 35th Annual General Meeting in FY32.

Auditor Transition Details

The company’s existing statutory auditor, M/s. GSA & Associates LLP, was appointed for a second five-year term at the 25th Annual General Meeting held on September 17, 2021. Their tenure concludes at the ensuing Annual General Meeting.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has proposed the new joint auditors subject to shareholder approval.

Profile of Proposed Auditors

Mr. Shailesh Haribhakti has previously served on the board of L&T Finance and held leadership positions as Chairman of BDO India and Baker Tilly India.

Rathi Rathi and Co. provides statutory audit, internal audit, and tax audit services to several marquee Indian and multinational clients.