Fiem Industries announced the demise of its Independent Director, Mr. Rakesh Chand Jain, on July 07, 2026. The company informed the stock exchanges that his passing occurred in the evening of July 07, 2026, resulting in the cessation of his directorship.

The company stated that Mr. Jain's unexpected demise is an irreparable loss. The Board of Directors and the management expressed their deep sympathy and condolences to the bereaved family.

The disclosure was made to BSE Limited and the National Stock Exchange of India Ltd. in compliance with Regulation 30(2)/(6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company provided the requisite details regarding the change in directorship in an annexure to the regulatory filing. The information was submitted for the records of the exchanges.

Fiem Industries Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing its adherence to environmental, social, and governance (ESG) principles. The filing, submitted to BSE Ltd. and National Stock Exchange of India Ltd., covers the period from April 1, 2025, to March 31, 2026. The company reported the consumption of 22,924 GJ of renewable energy (solar) during the year, a significant increase from zero in the previous financial year, as part of its initiative to scale up renewable energy usage.

Operational and Financial Overview

The company operates primarily in the manufacturing of automotive parts and components, which accounted for 94.26% of its turnover. Its major product lines include automotive lights, signaling equipment, rearview mirrors, and plastic moulded parts. Fiem Industries serves 24 states nationally and 14 countries internationally, with exports contributing 1.85% to the total turnover. The paid-up capital of the company stands at ₹263,196,600.

Workforce Diversity and Safety

Fiem Industries reported a total workforce of 10,791, comprising 1,371 employees and 9,420 workers. The company achieved a female representation of over 40% in its total workforce, meeting its target for gender diversity. The Board of Directors includes four female members out of 14, representing 28.57%.

The company recorded a Lost Time Injury Frequency Rate (LTIFR) of 0.00 for employees and 0.176 for workers. It reported four total recordable work-related injuries for workers during the year, with no fatalities. Following fire incidents at its Rai and Tapukara factories, the company engaged external risk management agencies and is incurring substantial capital expenditure on fire safety infrastructure modernization.

Environmental Performance

The company’s total energy consumption for the year was 323,508.60 GJ, with energy intensity per rupee of turnover recorded at 0.000011496 GJ. Water consumption stood at 31,438.58 kilolitres, and water discharge was 26,021 kilolitres. Total greenhouse gas emissions (Scope 1 and Scope 2) were 54,609.38 MtCO2e. The company generated 4,540.19 metric tonnes of waste, of which 45.40 metric tonnes were hazardous.

Stakeholder Engagement and Governance

Fiem Industries received 34 shareholder complaints during the year, all of which were resolved, with none pending at the close of the year. The company has established grievance redressal mechanisms for various stakeholders, including communities, investors, employees, and customers. It maintains policies on anti-bribery, anti-corruption, and human rights, which are available on its website.

The company’s Corporate Social Responsibility (CSR) initiatives focused on healthcare and women’s empowerment, benefiting approximately 45,728 persons through projects such as the Sanitary Pad Project and Eye Operation Camps. The Board of Directors, led by Mr. J.K. Jain, Chairman & Managing Director, oversees the implementation of business responsibility policies.