GOCL Corporation Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing details the company’s transition toward Electronics Manufacturing Services (EMS) and real estate activities, alongside significant reductions in energy consumption and waste generation.

The report, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s adherence to National Guidelines on Responsible Business Conduct (NGRBC). GOCL disclosed that its turnover is now primarily driven by real estate activities, which contributed 50%, while EMS accounted for 24%. Discontinued operations constituted the remaining 26% of turnover.

Operational Focus and Turnover Split

The company’s business structure has evolved significantly, with no export sales recorded during FY26. GOCL serves customers in the automotive, industrial, aerospace, and defense sectors through its EMS vertical. The entity operates from one plant and one office nationally, with no international presence.

Environmental Performance

GOCL reported a substantial decline in total energy consumption, dropping to 396,160 Million Joules in FY26 from 4,616,744 Million Joules in FY25. This reduction aligns with the closure of the Hyderabad factory operations in August 2024. Consequently, energy intensity per rupee of turnover fell to ₹1.66 for every ₹100 turnover, down from ₹4.10 in the previous year.

Water withdrawal decreased to 41,196 kilolitres from 81,985 kilolitres in FY25, sourced entirely from third parties. The company reported no liquid discharge and confirmed that its EMS process does not involve water usage, rendering Zero Liquid Discharge mechanisms not applicable. Greenhouse gas emissions were nil for both Scope 1 and Scope 2 in FY26, compared to minimal figures in FY25.

What the Numbers Show

The sharp contraction in environmental metrics mirrors the structural shift in GOCL’s operations. With discontinued operations accounting for over a quarter of turnover and the closure of manufacturing facilities, the near-zero waste generation (0.039 MT) and nil GHG emissions reflect a leaner, asset-light operational model focused on leasing and specialized EMS rather than heavy manufacturing.

Employee Well-being and Governance

As of March 31, 2026, GOCL employed 61 permanent employees, with 79% being male. The company reported no permanent workers following the Hyderabad factory closure. All permanent employees are covered by health insurance, accident insurance, and retirement benefits including PF, Gratuity, and NPS. The employee turnover rate for permanent staff stood at 27% in FY26, down from 54% in FY25.

Governance structures include a Safety Review Committee at the Board level and oversight by the Whole-Time Director & CFO. The company reported nine shareholder complaints during FY26, all resolved within time, with no pending grievances. No penalties or fines were paid to regulatory agencies during the year.

GOCL Corporation is advancing a merger plan for HNPCL, its 1,040MW power subsidiary, while simultaneously targeting a 600MW thermal capacity addition.

Merger plan and thermal expansion

The proposed merger involves HNPCL, which operates a 1,040MW power generation capacity. Alongside the merger initiative, GOCL Corporation has outlined plans for a 600MW thermal growth target, signalling a strategic focus on expanding its power generation footprint.

Key details at a glance

The dual-pronged approach of pursuing the HNPCL merger while targeting thermal capacity growth reflects the company's stated strategic direction in the power sector.