Innova Captab Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing its environmental, social, and governance (ESG) performance. The filing, made to BSE Limited and National Stock Exchange of India Limited, highlights a significant increase in export contribution, which rose to 23% of total turnover, amounting to ₹2,976.77 million, compared to ₹1,481.98 million (16%) in the previous year.

The company reported a total turnover of ₹12,988.14 million and a net worth of ₹8,866.54 million for the reporting period. Its Corporate Social Responsibility (CSR) expenditure for the year stood at ₹20.83 million. The report notes that the Kathua, Jammu facility became operational on 14 January 2025 and operated for the full year in FY 2026, resulting in higher figures across relevant operational parameters compared to the previous year.

Operational and Financial Metrics

Innova Captab's operations are primarily focused on the manufacturing of pharmaceuticals, which accounted for 100% of its turnover. The company serves a global market, exporting to 29 countries, while its domestic reach spans PAN India. As of the end of the financial year, the company employed 1,105 permanent employees and 1,193 permanent workers across three national plants and two offices.

Sustainability and Governance Commitments

The company has established specific environmental targets, including achieving net zero by 2040, water neutrality by 2030, and reducing Scope 1 and Scope 2 GHG emissions by 40% and 25% respectively by 2035. Governance oversight is led by Jayant Vasudeo Rao, Whole-Time Director, who is responsible for sustainability-related decisions. The Board has approved comprehensive policies covering all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC).

Environmental Performance

The report details the company's energy and water consumption, as well as waste management metrics. Total energy consumed increased to 207,825,995 Mega Joules in FY 2026 from 115,250,856 Mega Joules in FY 2025, driven by the expanded operations. Water withdrawal totaled 208,771 kiloliters, and the company generated 52.90 metric tonnes of waste. Innova Captab confirmed compliance with all applicable environmental laws and regulations, reporting no major non-compliances for FY 2026.

Innova Captab Limited’s board has approved the re-appointment of its statutory auditors and key leadership positions for the upcoming financial year, ensuring continuity in governance and operations. The meeting, held on May 25, 2026, sanctioned the re-appointment of M/s. B S R & Co. LLP as statutory auditors for a second term of five consecutive years, subject to shareholder approval. The board also approved the re-appointment of Managing Director Vinay Lohariwala and Whole-Time Director Manoj Kumar Lohariwala for terms effective from March 18, 2027.

Auditor and Key Managerial Appointments

The board approved the re-appointment of M/s. B S R & Co. LLP, Chartered Accountants, as statutory auditors for the period from financial year 2026-27 to 2030-31. M/s. Gurvinder Chopra and Co., Cost Accountants, were re-appointed as cost auditors for the financial year 2026-27. Additionally, M/s. Grant Thornton Bharat LLP, Chartered Accountants, were re-appointed as internal auditors for the financial year 2026-27.

Director Re-appointments

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the re-appointment of Mr. Vinay Lohariwala as Managing Director and Mr. Manoj Kumar Lohariwala as Whole-Time Director. Both appointments are for a second term of five consecutive years, effective from March 18, 2027, to March 17, 2032, subject to member approval at the ensuing Annual General Meeting.

The board also approved the re-appointment of four Non-Executive Independent Directors for a five-year term effective from April 1, 2027, to March 31, 2032. The re-appointed directors are Mr. Sudhir Kumar Bassi, Ms. Priyanka Dixit, Mr. Mahendar Korthiwada, and Mr. Shirish Gundopant Belapure.

Key Appointment Details

The board approved the notice for calling the 22nd Annual General Meeting of the company for the financial year ended March 31, 2026. The notice along with the Annual Report will be submitted to the stock exchanges in due course.