Hikal Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, to the stock exchanges. The filing provides a consolidated overview of the company’s environmental, social, and governance performance for FY26.

The report highlights key operational metrics across its pharmaceutical and specialty chemicals manufacturing units. It details progress on greenhouse gas emissions, water management, and waste disposal in accordance with regulatory requirements.

Environmental Performance

Hikal reported that 78% of its total energy consumption came from renewable sources in FY26. The company aims to increase this share to 80% by FY28. Total energy consumption stood at 1,345,295 GJ, with an energy intensity of 78.5 GJ per INR million of turnover.

Greenhouse gas emissions were disclosed as follows:

The company noted a 43% reduction in Scope 1 and 2 emissions compared to its FY23 baseline, exceeding its interim target. Water withdrawal totaled 8,20,098 kL, with 50% of sites achieving Zero Liquid Discharge (ZLD) status.

Social and Governance Disclosures

The report outlines workforce demographics and safety records. As of March 2026, Hikal employed 2,077 permanent employees and 1,056 workers. Women constituted 8% of the total employee count. The company reported a Lost Time Injury Frequency Rate (LTIFR) of 0 for both employees and workers.

Corporate Social Responsibility (CSR) initiatives impacted approximately 24,736 lives during the year. The company targets reaching 27,500 beneficiaries by FY28. Governance structures include a dedicated CSR Committee and adherence to multiple ISO standards, including ISO 9001:2018 and ISO 45001:2018.

What the Numbers Show

Scope 3 emissions account for the vast majority of Hikal’s carbon footprint, representing over 80% of total reported emissions when combined with Scope 1 and 2 figures. This indicates that supply chain activities are the primary driver of the company’s environmental impact, aligning with its stated focus on responsible sourcing policies.

Hikal Limited has issued the notice for its 38th Annual General Meeting (AGM), scheduled for Wednesday, September 23, 2026. The meeting will seek shareholder approval for the appointment of Mr. Sameer Hiremath as Chairman and Managing Director (CMD) and a final dividend of ₹0.40 per share for FY26.

The AGM will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). The deemed venue is the company’s registered office in Mumbai.

Leadership Transition

Mr. Jai Hiremath, the Founder, will step down as Executive Chairman effective October 1, 2026, concluding nearly four decades of leadership. The Board proposes appointing Mr. Sameer Hiremath, currently Vice-Chairman and Managing Director, as CMD for five years from October 1, 2026, to September 30, 2031.

Mr. Hiremath’s remuneration will be fixed based on Schedule V limits of the Companies Act, 2013, for an initial three-year period until September 30, 2029. He holds a BE in Chemicals, an MBA, and an MS in IT from Boston University.

Dividend Details

The Board had previously recommended a final dividend of ₹0.40 per equity share of face value ₹2 each during its May 27, 2026, meeting. This follows an interim dividend of ₹0.20 per share declared earlier in the year. If approved, the total dividend for FY26 will aggregate to ₹0.60 per share.

The record date for determining shareholder eligibility for the final dividend is Friday, September 4, 2026. Payments will be made on or before October 23, 2026.

Other Business Items

Shareholders will also consider the re-appointment of Mr. Sarangan Suresh as a Director, who retires by rotation. Additionally, the meeting will approve a revision in his remuneration as Whole-Time Director, effective October 1, 2026. His monthly salary will increase from ₹3,33,333 to ₹3,75,000, with other benefits capped at ₹45 lakh annually.

The ratification of remuneration for Cost Auditors M/s. V.J. Talati & Co. for FY27, amounting to ₹5,25,000 plus taxes and expenses, is also on the agenda.

E-Voting and Taxation

Remote e-voting will be open from September 19, 2026, at 9:00 am to September 22, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is September 16, 2026.

Dividend income is taxable in the hands of shareholders. TDS will be deducted at 10% for resident individuals with valid PANs. Non-residents may avail beneficial tax treaty rates by submitting required documents, including Form 41 and Tax Residency Certificates, by September 10, 2026.