EID Parry has confirmed the retirement of Dr. Rea Godbole as an Independent Director, effective August 4, 2026. The change in board composition follows the completion of her tenure of two consecutive terms, marking the end of her service on the Board. This transition is part of the company’s routine governance cycle and ensures compliance with regulatory norms regarding director tenure limits.

The announcement was made via a disclosure to BSE Limited and National Stock Exchange of India Limited on August 4, 2026. The filing cites Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A (7) of Part A of Schedule III. Additionally, the company referenced SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which mandates specific disclosures regarding changes in key managerial personnel and directors.

Key Details of Retirement

Dr. Godbole ceased to hold office at the close of business hours on August 4, 2026. The company stated that there are no further disclosures required regarding relationships between directors or brief profiles, as these fields are not applicable for retirement events.

Regulatory Compliance

Biswa Mohan Rath, Company Secretary of E.I.D. - Parry (India) Limited, signed the disclosure document digitally on August 4, 2026. The filing ensures transparency for investors regarding the stability and composition of the Board. No other changes to key managerial personnel, senior management, auditors, or compliance officers were reported in this specific disclosure.

What This Means for Stakeholders

The retirement of an Independent Director is a standard governance event. Investors should note that the company must appoint a new Independent Director to maintain the required ratio of independent directors on the Board, as per SEBI guidelines. While this filing does not announce a successor, it signals that the Board will likely initiate a nomination process in the near term to fill the vacancy.

E.I.D.- Parry (India) Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The document details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC) and provides comprehensive data on its environmental, social, and governance (ESG) performance. The reporting is conducted on a standalone basis, covering the entity and its operations across national and international locations.

The company’s business operations are diversified, with sugar contributing 40.14% to the total turnover, followed by distillery products at 36.90%. Other significant segments include consumer products (19.46%), cogeneration (2.46%), and nutraceuticals (1.04%). EID Parry reported a total of 1,164 permanent employees and 2,952 permanent workers as of the end of the financial year. The gender diversity among the Board of Directors stands at 22.22%, while female representation in the workforce is 8.10% for workers and 5.41% for employees.

Environmental Performance

EID Parry has implemented a Zero Liquid Discharge (ZLD) mechanism across its distillery, sugar, and cogeneration operations. The company reported total greenhouse gas emissions (Scope 1 and Scope 2) of 424,766.46 MTCO2e. Renewable energy sources accounted for 63.74% of the total energy consumed during the year. The company also focuses on water conservation, with total water consumption reported at 19,728,742 kilolitres.

Key Environmental Metrics

Social and Governance Initiatives

The company has established various policies and mechanisms to ensure employee well-being, safety, and diversity. An Internal Complaints Committee (ICC) addresses sexual harassment complaints, and a Whistleblower Policy is in place to report genuine concerns. EID Parry spent 1.25% of its total revenue on measures towards the well-being of employees and workers. The company also engages with over 150,000 farmers through its i-Cane management system to promote sustainable agricultural practices.

Employee Statistics

Assurance and Compliance

Price Waterhouse Chartered Accountants India LLP provided limited assurance on the identified sustainability information in the BRSR. The assurance engagement was conducted in accordance with the Standard on Sustainability Assurance Engagements (SSAE) 3000 and the Standard on Assurance Engagements (SAE) 3410. The company confirmed compliance with applicable environmental laws, including the Water (Prevention and Control of Pollution) Act, 1974, and the Air (Prevention and Control of Pollution) Act, 1981.