EID Parry publishes BRSR for FY26 with sustainability metrics

2 min read     Updated on 20 Jul 2026, 03:47 PM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

EID Parry's BRSR for FY26 highlights its commitment to sustainability through significant renewable energy usage and zero liquid discharge mechanisms. The report details a diverse workforce and extensive engagement with farmers for sustainable sourcing. Independent assurance was provided for the key sustainability metrics disclosed.

powered bylight_fuzz_icon
46088244

*this image is generated using AI for illustrative purposes only.

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

Metric Value
Total Scope 1 Emissions 388,620.76 MTCO2e
Total Scope 2 Emissions 36,145.70 MTCO2e
Total Energy Consumed 14,864,384.66 GJ
Renewable Energy Share 63.74%
Total Water Consumption 19,728,742 KL
Total Waste Generated 53,525.56 MT

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

Category Male Female Total
Permanent Employees 1,101 63 1,164
Permanent Workers 997 4 1,001
Differently Abled 7 1 8

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.

Historical Stock Returns for EID Parry

1 Day5 Days1 Month6 Months1 Year5 Years
-0.15%-1.62%+6.72%-13.82%-35.96%+83.85%

How does EID Parry plan to further reduce its Scope 1 emissions given that they constitute over 90% of total greenhouse gas emissions?

What specific targets has the company set to improve female workforce representation beyond the current 8.10%?

With renewable energy already at 63.74%, what are the strategic plans to bridge the remaining gap to 100% renewable energy usage?

EID Parry schedules 51st AGM on Aug 12, 2026

3 min read     Updated on 18 Jul 2026, 12:32 PM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

EID Parry (India) Limited has announced its 51st Annual General Meeting for August 12, 2026, to be held via video conferencing. The agenda includes the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, the re-appointment of Director Mr. M M Venkatachalam, and a special resolution for the disposal of assets of its subsidiary Parry Sugars Refinery India Private Limited (PSRIPL). The company reported a standalone net loss of ₹ 708.28 Crore for FY 2025-26, driven by exceptional items including an impairment charge of ₹ 40,060 lakhs on PSRIPL. Consolidated revenue increased to ₹ 38,534.08 Crore, while consolidated Profit After Tax stood at ₹ 569.54 Crore.

powered bylight_fuzz_icon
45850755

*this image is generated using AI for illustrative purposes only.

E.I.D.- Parry (India) Limited has scheduled its 51st Annual General Meeting for Wednesday, August 12, 2026, at 3:00 PM IST via video conferencing. The meeting will address the adoption of financial statements for FY 2025-26, the re-appointment of a director, and a special resolution regarding the disposal of assets of its material subsidiary, Parry Sugars Refinery India Private Limited (PSRIPL). The remote e-voting period commences on August 08, 2026, and concludes on August 11, 2026.

AGM Agenda: Key Resolutions

The AGM will transact both ordinary and special business. The following table summarises the key resolutions proposed:

Resolution: Details
Adoption of Standalone Financial Statements: Audited standalone financial statements for the year ended March 31, 2026
Adoption of Consolidated Financial Statements: Audited consolidated financial statements for the year ended March 31, 2026
Re-appointment of Director: Mr. M M Venkatachalam (DIN: 00152619), retiring by rotation, proposed for re-appointment
Disposal of PSRIPL Assets (Special Resolution): Approval for sale, disposal, leasing or dealing with assets of PSRIPL, where aggregate value may exceed 20% of PSRIPL's total assets in a financial year
Remuneration of Cost Auditors: Ratification of ₹ 10,00,000 plus applicable taxes and out-of-pocket expenses payable to M/s. Narasimha Murthy & Co., Cost Accountants, for FY ending March 31, 2027

PSRIPL Closure: Background to Special Resolution

The special resolution on PSRIPL asset disposal is directly linked to the Board's decision to close operations of PSRIPL's sugar refinery unit with effect from the close of working hours on March 31, 2026. Operations were adversely impacted by changes in global market conditions, increased operating costs, and operational disruptions, resulting in continued losses. PSRIPL is required to obtain regulatory approvals, complete the SEZ exit process, and undertake dismantling and disposal of assets. As PSRIPL is a material subsidiary under Regulation 16(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 24(6) requires prior shareholder approval by Special Resolution for disposal of assets exceeding 20% of PSRIPL's total assets.

Standalone Financial Performance: FY 2025-26

The company's standalone financial performance for FY 2025-26 reflected improved operating metrics but significant exceptional charges. The following table presents key standalone financial indicators:

Metric: FY 2025-26 FY 2024-25
Revenue from Operations: ₹ 3,120.26 Crore ₹ 3,168.12 Crore
EBITDA (excl. exceptional items): ₹ 398.92 Crore ₹ 251.81 Crore
EBIT (excl. exceptional items): ₹ 217.76 Crore ₹ 76.47 Crore
Finance Charges: ₹ 73.71 Crore ₹ 68.91 Crore
Depreciation: ₹ 181.16 Crore ₹ 175.34 Crore
PBT (incl. net exceptional loss of ₹ 829.76 Crore): ₹ (685.71) Crore ₹ (419.59) Crore
Loss After Tax: ₹ (708.28) Crore ₹ (428.30) Crore
Total Borrowings: ₹ 1,335.94 Crore ₹ 1,210.74 Crore
Net Worth: ₹ 1,872.84 Crore ₹ 2,539.76 Crore

The standalone loss was significantly influenced by an impairment charge of ₹ 40,060 lakhs recognised on the investment in PSRIPL and a provision of ₹ 59,132 lakhs towards financial guarantee obligations related to PSRIPL's closure. The Book Value per share stood at ₹ 105.29 as on March 31, 2026. Earnings per share for the year ended March 31, 2026 stood at ₹ (39.83).

Consolidated Financial Performance: FY 2025-26

At the consolidated level, the Group delivered revenue growth, though profitability was impacted by exceptional items.

Metric: FY 2025-26 FY 2024-25
Revenue from Operations: ₹ 38,534.08 Crore ₹ 31,608.61 Crore
Total Expenses: ₹ 36,301.59 Crore ₹ 29,806.24 Crore
EBITDA (excl. exceptional items): ₹ 3,798.89 Crore ₹ 2,992.64 Crore
Profit After Tax (attributable to owners): ₹ 569.54 Crore ₹ 878.35 Crore

Segment Performance Highlights

The sugar segment contributed 40% of standalone turnover during FY 2025-26. Total cane crushed was 38.40 LMT, an increase of approximately 3%. Gross recovery improved to 10.91%. The distillery segment contributed 37% of standalone revenues, with revenues standing at ₹ 1,151.37 Crore. The Consumer Products Group (CPG) segment revenue declined by approximately 31% to ₹ 607.15 Crore, attributable to lower Government-mandated release quotas and channel rationalisation.

E-Voting and Participation Details

The remote e-voting period begins on Saturday, August 08, 2026 at 9:00 a.m. IST and ends on Tuesday, August 11, 2026 at 5:00 p.m. IST. The cut-off date for determining eligible voters is Wednesday, August 05, 2026. Mr. R. Sridharan of M/s. R. Sridharan & Associates, Practising Company Secretaries, has been appointed as scrutiniser.

Historical Stock Returns for EID Parry

1 Day5 Days1 Month6 Months1 Year5 Years
-0.15%-1.62%+6.72%-13.82%-35.96%+83.85%

How will the proceeds from the disposal of PSRIPL assets be utilized to reduce the company's total borrowings?

What strategic shifts does the company plan to implement to revive the declining revenue in the Consumer Products Group segment?

With the closure of the loss-making refinery, what is the projected impact on future consolidated margins and profitability?

More News on EID Parry

1 Year Returns:-35.96%