Finolex Industries submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 on August 28, 2026. The filing details environmental, social, and governance metrics, including a rise in renewable energy consumption to 11.6% of total electricity usage.

The report covers the period from April 1, 2025, to March 31, 2026, and forms part of the company's 45th Annual Report. TUV SUD South Asia Private Limited provided reasonable assurance for the core attributes of the disclosure.

Environmental Performance

The company reported that renewable energy accounted for 11.6% of its total electricity consumption in FY26. This integration helped avoid over 39,000 metric tonnes of CO2 equivalent emissions. Additionally, biomass conservation initiatives cumulatively sequestered more than 22,000 metric tonnes of CO2e. Renewable Energy Certificates (RECs) procured under the Renewable Purchase Obligation mechanism reduced market-based Scope 2 emissions by approximately 15,000 metric tonnes of CO2e.

Water stewardship remained a strategic priority. The company recycled over 305,000 kilolitres of treated effluent within its facilities. It also harvested more than 2.37 million kilolitres of rainwater through direct and indirect recharge mechanisms. Total water withdrawal increased to 33,55,587 kilolitres from 32,03,286.28 kilolitres in the previous year.

Total energy consumption stood at 38,43,869.28 gigajoules, down from 40,00,396.13 gigajoules in FY25. Energy intensity per rupee of turnover adjusted for Purchasing Power Parity fell to 188.76 from 201.12.

Waste Management and Emissions

Total waste generated rose to 18,876.25 metric tonnes from 17,567.37 metric tonnes in FY25. Of this, 18,610.84 metric tonnes were recycled, and 197.67 metric tonnes were reused. Only 57.48 metric tonnes were disposed of through incineration or landfilling.

Scope 1 greenhouse gas emissions decreased to 3,44,107 metric tonnes of CO2 equivalent from 3,53,473.99 metric tonnes. Scope 2 emissions fell to 52,987 metric tonnes of CO2 equivalent from 54,106.07 metric tonnes.

Social and Governance Metrics

The company employed 1,132 permanent employees and 3,170 workers as of the end of FY26. Female representation among permanent employees was 3.71%, while it stood at 4.10% among workers. The turnover rate for permanent employees was 23.33%, compared to 22.02% in FY25.

Safety metrics showed zero employee and contractor fatalities across all manufacturing locations. The Lost Time Injury Frequency Rate (LTIFR) for workers was not disclosed for FY26, whereas it was 0.19 per one million-person hours worked in FY25.

Customer complaints totalled 1,113 during the year, all of which were resolved. Shareholder complaints numbered 52, with one pending resolution at the close of the year. No complaints were received regarding sexual harassment, discrimination, child labour, or forced labour.

What the Numbers Show

The divergence between rising waste generation and near-total recovery rates highlights operational efficiency in circularity. While total waste increased by 7.4% to 18,876.25 metric tonnes, the company recovered 99.1% of this volume through recycling and reuse. This suggests that production scaling did not compromise waste management protocols, as disposal volumes dropped significantly from 106.28 metric tonnes in FY25 to 57.48 metric tonnes in FY26.

Finolex Industries Limited has scheduled its 45th Annual General Meeting for Tuesday, September 22, 2026, at 4:00 pm via Video Conferencing or Other Audio Visual Means, alongside the release of its Annual Report for FY26.

The AGM notice was filed pursuant to Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is aligned with MCA General Circular No. 03/2025 dated September 22, 2025. Dakshinamurthy Iyer, Company Secretary & Head Legal, signed the disclosure addressed to BSE Limited and the National Stock Exchange of India Limited.

AGM and e-voting schedule

The following table outlines the key dates and timelines for the 45th AGM:

FY26 financial performance

The Annual Report accompanying the AGM notice highlights a significant improvement in operating profitability for FY26. Standalone revenue from operations stood at ₹4,113 crore, while EBITDA rose 43% to ₹679 crore, driven by higher realisations and improved operational efficiencies. Profit after tax on a standalone basis was ₹580 crore. On a consolidated basis, PAT was ₹599 crore and earnings per share were ₹9.69.

The Board has recommended a final dividend of ₹2 per share and a special dividend of ₹0.75 per share, aggregating to ₹2.75 per equity share of ₹2 each for FY26, subject to shareholder approval at the AGM.

Operational highlights

Finolex Industries sold 3,32,736 metric tonnes of PVC pipes and fittings in FY26, compared with 3,47,982 MT in FY25, reflecting a 4% volume decline attributed to subdued demand conditions. Annual production capacity for pipes and fittings expanded to 5,20,000 MT from 4,95,000 MT in FY25. The company maintains a PVC resin production capacity of 2,72,000 MT per annum and operates four manufacturing facilities across Maharashtra and Gujarat.

The company's balance sheet remained strong with a net cash surplus of ₹2,563 crore and long-term debt of nil as on March 31, 2026. Credit ratings were maintained at AA+ Stable (long-term) and A1+ (short-term) by CRISIL and India Ratings.

AGM agenda

The key items of business at the 45th AGM include adoption of standalone and consolidated financial statements for FY26, declaration of dividend, re-appointment of Mr. Rambabu Sanka as a director liable to retire by rotation, ratification of remuneration of ₹5 lakh payable to M/s. S.R. Bhargave & Co. as Cost Auditors for FY27, and revision of the annual commission ceiling for non-executive directors from ₹4 crore to ₹6 crore.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE183A01024/6bd6d253-7e3f-4cb4-ae1e-cac81e2f9130.pdf