Igarashi Motors 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. The filing, made pursuant to Regulation 34(2)(f) of the SEBI (LODR) Regulations, 2015, outlines the company's environmental, social, and governance performance. The report discloses that exports accounted for 57% of the total turnover for FY 2025-26, while the company achieved zero hazardous waste to landfill.

Operational and Financial Overview

The company operates in the electrical equipment and machinery sector, with Electric Micro Motors and Motor Components contributing 88% of total turnover and Ceiling Fans (BLDC) contributing 12%. Igarashi Motors reported a paid-up capital of ₹3147.50 Lakhs. The reporting boundary for these disclosures is standalone. The company’s manufacturing operations are spread across 9 national locations, serving markets in 7 countries internationally.

Environmental Performance

Igarashi Motors implemented several initiatives to reduce its environmental footprint during the year. The company achieved 90% renewable electricity use from private renewable energy sources such as wind and solar power. Consequently, it reported an 80% cumulative reduction in Scope 1 and Scope 2 emissions in FY 2026. Additionally, the company reduced packaging material consumption, including a 12-ton reduction in carton box consumption through improved packing methods.

Key Environmental Metrics

Workforce and Governance

The company employed 311 permanent employees and 1,810 workers by the end of FY 2025-26. Women comprised 23% of the permanent workforce and 81% of the total workforce, including workers. The Board of Directors consists of six members, with one female director representing 17% of the board. Igarashi Motors confirmed that it had no fines, penalties, or non-monetary actions by regulators during the financial year.

Stakeholder Engagement and CSR

The company maintained grievance redressal mechanisms for various stakeholder groups, including communities, investors, shareholders, employees, and customers. No complaints were pending resolution at the close of the year for any stakeholder group. Under its Corporate Social Responsibility (CSR) initiatives, the company undertook projects such as the Cancer Awareness Project and MEPZMA Health Center, benefiting a significant number of persons.

Igarashi Motors India Ltd has recommended a final dividend of ₹1.30 per equity share for the financial year 2025-26, subject to shareholder approval at the 34th Annual General Meeting scheduled for August 7, 2026. The record date for determining dividend eligibility is fixed for July 31, 2026. To ensure the correct deduction of tax at source (TDS) under the Income-tax Act, 2025, the company has mandated that shareholders submit specific tax-related documents by July 24, 2026.

TDS Rates for Resident Shareholders

For resident shareholders, the standard TDS rate is 10% under Section 393(1) of the Act. However, no TDS will be deducted if the dividend amount does not exceed ₹10,000 in a financial year. Shareholders can potentially avail of a nil TDS rate if they submit valid documents such as Form 121, PAN card details, or self-declarations for exempt categories like LIC, GIC, Business Trusts, and mutual funds by the deadline.

TDS Rates for Non-Resident Shareholders

Non-resident shareholders are subject to TDS at 20% plus applicable surcharge and cess, or the tax treaty rate, whichever is beneficial. To avail of the lower treaty rate, documents such as a Tax Residency Certificate valid for TY 2026-27 and digital Form 41 must be submitted. Shareholders residing in Notified Jurisdictional Areas face a higher rate of 30%.

Compliance and Submission Details

The company emphasized that TDS will be deducted at higher rates if the required documents are not received by 5:00 PM IST on July 24, 2026. Shareholders must update their bank account details, PAN, and residential status with their depository participants or the company's Registrar and Transfer Agent, Cameo Corporate Services Limited. Dividends will be paid exclusively through electronic mode as per SEBI mandates.