Hitachi Energy India Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to BSE Limited and the National Stock Exchange of India Limited, in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, which also forms part of the company's Integrated Annual Report for FY 2025-26, was filed on July 31, 2026, and covers the standalone operations of the company for the period April 1, 2025, to March 31, 2026. The BRSR Core indicators have been independently assured by SGS India Pvt. Ltd. at a reasonable level of assurance.

Company Overview and Financial Profile

Hitachi Energy India Limited, incorporated on February 19, 2019, is headquartered at 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru-560092. The company's paid-up capital stands at ₹8,91,44,726/-, divided into 4,45,72,363 equity shares of ₹2.00/- each. Hitachi Energy Ltd. holds 71.31% of the company's shares as the holding entity.

Key financial disclosures for the reporting period are presented below:

The company operates across 28 locations nationally, comprising 8 manufacturing plants (containing 19 unique manufacturing units), 13 offices, and 7 sales touch points. Its business activities are spread across two primary segments — sale of products (65.67% of turnover) and execution of contracts for projects and services (28.86% of turnover).

Environmental Performance

Hitachi Energy India Limited has reported significant progress against its Sustainability 2030 targets, with the base year of 2019 as the reference point for environmental metrics.

The company's Halol and Mysore facilities have received Platinum-level Zero Waste to Landfill certification from SGS India Pvt. Ltd., and the Halol facility holds a Water Positive certification. Key waste management figures for the reporting period include 64.94 MT of plastic waste recycled, 16.63 MT of e-waste recycled, 462.30 MT of hazardous waste recycled, 79.32 MT of hazardous waste safely disposed through authorized facilities, and 8,329 MT of non-hazardous waste recycled.

The company's GHG reduction strategy focuses on fossil-free electricity procurement, SF₆ emissions management, energy efficiency improvements, and renewable energy adoption. Rooftop solar installations include approximately 932 kWp at the Maneja facility and approximately 600 kWp at the Doddaballapur facility, while approximately 90% of electricity consumption at the Mysore facility is covered by Power Purchase Agreements (PPAs). A 6 TPH biofuel boiler installed at the Mysore facility has resulted in approximately 1,550 tCO₂e annual emission reduction and approximately 25% reduction in particulate emissions.

Workforce and Social Performance

The company's total workforce as at the end of FY 2025-26 comprised 2,281 employees and 1,297 workers. Women represent 13% of total employees and 6% of total workers. The board of directors comprises 6 members, of whom 2 (33.33%) are female.

The company reported a 44% improvement in Lost Time Injury Frequency Rate (LTIFR) compared to the previous reporting year. No fatalities or high-consequence work-related injuries were reported during the current fiscal year. All 8 manufacturing sites are certified under ISO 45001:2018 for Occupational Health and Safety Management. The return-to-work and retention rates for permanent employees and workers who availed parental leave stood at 100% for both male and female categories, with 229 employees having availed maternity/paternity leave.

Gender diversity improved to 10% from 5.8% in 2019. Median remuneration for employees other than Board of Directors and Key Managerial Personnel was ₹13,96,650 for males and ₹12,82,658 for females during the reporting period.

Governance and Ethics

The company's governance framework is anchored by its Board of Directors and an ESG Committee constituted with effect from October 22, 2021. The ESG Committee is chaired by Ms. Meena Ganesh (Independent Director) and includes Ms. Akila Krishnakumar, Mr. Jan Niklas Persson, and Mr. Nuguri Venu (Managing Director and CEO) as members. Implementation and oversight of the Business Responsibility policy is led by Nuguri Venu, Executive Director (Managing Director and CEO).

Key governance highlights for FY 2025-26 include:

• 100% employee coverage under Ethics and Business Code of Conduct training
• Zero incidents of corruption and bribery
• 32% of value chain partners covered under ESG training and assessment programs
• Certifications maintained under ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 37001:2016
• No monetary or non-monetary penalties, fines, or punishments recorded during the reporting period
• No instances of data breaches reported

The company is a member of four trade and industry associations, including the Confederation of Indian Industries and the Indian Electrical and Electronics Manufacturers' Association (IEEMA), through which it engages in responsible policy advocacy on matters such as India's power transmission sector growth and Quality Control Orders.

CSR and Stakeholder Engagement

Corporate Social Responsibility is applicable to the company under Section 135 of the Companies Act, 2013. CSR expenditure was undertaken across 10 states and union territories during the reporting period, with notable allocations including ₹11.04 MINR in Telangana (Warangal, Peddapalli), ₹8.98 MINR in Gujarat (Vadodara, Anand, Halol, Savli), and ₹4.73 MINR in Karnataka (Bangalore, Mysore, Mandya, Chikkaballapura, Chamarajanagar). The company's flagship 'Women in Engineering' program supports approximately 250 girl students from economically disadvantaged families across 8 states, providing scholarships, mentorship, and internship opportunities. Additionally, the company developed 21 smart classrooms across 9 government schools, along with 51 kW of solar power installations, benefiting over 5,320 students in Peddapalli and Vadodara.

Hitachi Energy India Limited has declared a final dividend of ₹8.00 per equity share for the financial year ended March 31, 2026, signaling strong capital return to shareholders. The payout represents a 400% dividend on the face value of ₹2.00 per share. The Board of Directors recommends this distribution at the company’s seventh Annual General Meeting (AGM), scheduled for August 28, 2026, in Bengaluru. Shareholders holding shares as of the record date, August 21, 2026, will be eligible to receive the dividend, with payments commencing from August 28, 2026.

Beyond the dividend declaration, the AGM agenda includes critical governance and compensation matters. Shareholders will vote on the re-appointment of Mr. Ismo Antero Haka as a Non-Executive, Non-Independent Director, who retires by rotation. Additionally, the meeting seeks ratification of remuneration for cost auditors M/s. Ashwin Solanki & Associates for the financial year ending March 31, 2027.

Key Resolutions and Financial Details

The notice outlines several ordinary and special resolutions requiring shareholder approval. The financial implications of these resolutions are detailed below:

Global Employee Stock Purchase Plan Approval

A significant special resolution seeks shareholder consent for Hitachi Energy India Limited to participate in the global Hitachi Group Employee Stock Purchase Plan (ESPP) and Restricted Stock Units Plan (RSU). This initiative aligns employee interests with the long-term value creation of Hitachi Ltd, Japan, the ultimate holding company.

Under the ESPP, eligible employees can contribute up to JPY 100,000 per month from their net salary to purchase shares of Hitachi Japan. The company will provide financial assistance in the form of an 'Employer Contribution' equal to 15% of the participant’s contribution. This employer match constitutes financial assistance under Section 67 of the Companies Act, 2013. The aggregate value of this assistance, combined with participant contributions, must not exceed 5% of the company’s aggregate paid-up share capital and free reserves. As of March 31, 2026, the company’s paid-up share capital stood at ₹8.91 Crores, with free reserves of ₹5,168.42 Crores, setting a maximum assistance limit of ₹258.87 Crores.

The RSU plan, which replaces the existing cash-based Long-Term Incentive Plan (LTIP), grants restricted stock units to senior management and key employees. These units vest over three annual tranches over a three-year period. Unlike the ESPP, the RSU does not involve direct financial assistance from the company to employees; rather, the value of the RSUs granted is cross-charged to the company as part of remuneration costs.

Voting Procedures and Deadlines

Shareholders entitled to vote must cast their ballots during the remote e-voting period, which runs from August 24, 2026, at 9:00 a.m. (IST) to August 27, 2026, at 5:00 p.m. (IST). The cut-off date for determining voting rights is August 21, 2026. Members holding shares in physical or dematerialized form can vote electronically via KFin Technologies Limited’s platform. Those who do not vote remotely may cast their votes at the physical AGM venue, Sheraton Grand Bangalore Hotel, but cannot vote twice.

For tax purposes, resident individual shareholders with total dividend income not exceeding ₹10,000 in the financial year 2026-27 are exempt from Tax Deducted at Source (TDS). Others must submit Form No. 121 by August 14, 2026, if they are not liable to pay income tax. Non-resident shareholders claiming benefits under Double Tax Avoidance Agreements (DTAA) must submit relevant documentation, including Tax Residency Certificates, by the same deadline to avoid higher withholding tax rates.