Nirlon Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the Bombay Stock Exchange. The filing, submitted under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s environmental, social, and governance (ESG) performance alongside key financial disclosures for FY26.

Financial Overview

The report confirms a total turnover of ₹669.17 crore and a net worth of ₹468.60 crore for the period. Nirlon operates primarily through its Nirlon Knowledge Park (NKP) in Mumbai, which accounts for 99.04% of the entity’s turnover. The business model focuses on the development and management of IT parks, serving licensees in the banking, financial services, and IT sectors.

Environmental Performance

A significant highlight of the FY26 report is the company’s achievement of zero Scope 2 greenhouse gas emissions. This result stems from sourcing 100% renewable electricity for the common areas of the knowledge park. Consequently, total Scope 1 and Scope 2 emissions stood at 81.44 metric tonnes of CO2 equivalent, down from 108.66 metric tonnes in the previous year.

Energy consumption from renewable sources totaled 364.49 million mega joules, while non-renewable fuel consumption was 10.90 million mega joules. The company also reported a water withdrawal of 81,897 kilolitres, implementing a zero liquid discharge policy for sewage wastewater through on-site treatment plants.

Governance and Social Initiatives

Nirlon maintains a workforce of three permanent employees, all of whom received training on health and safety measures. The board of directors includes one female member, representing 16.67% of the total board strength. The company reported no grievances related to sexual harassment, discrimination, or human rights violations during the year.

Under its Corporate Social Responsibility (CSR) framework, Nirlon impacted approximately 398,614 beneficiaries across healthcare, education, and environmental sustainability initiatives. The company also disclosed related-party transactions, with purchases from related parties constituting 15.32% of total purchases and sales to related parties accounting for 1.06% of total sales.

What the Numbers Show

The divergence between rising turnover (₹669.17 crore) and declining absolute GHG emissions (81.44 MT CO2e) indicates an improvement in carbon intensity per unit of revenue. This decoupling suggests that the company’s operational efficiency gains and renewable energy procurement are effectively mitigating the environmental impact of its financial growth.

Nirlon Limited has released its 67th Annual Report for the financial year ended March 31, 2026 (FY26), reporting a robust financial performance marked by a substantial increase in profitability. The company’s net profit after tax rose to ₹345.97 crore from ₹218.19 crore in FY25, reflecting strong operational growth and favorable tax adjustments.

The Board of Directors, in its meeting held on August 10, 2026, recommended a final dividend of ₹15 per equity share (face value ₹10), representing 150% of the face value. This recommendation is subject to ratification by shareholders at the 67th Annual General Meeting (AGM) scheduled for Friday, September 18, 2026. The record date for determining eligibility for the dividend and the AGM is set for Thursday, September 3, 2026.

Financial Performance Highlights

Nirlon’s gross income from operations increased to ₹683.32 crore in FY26 from ₹644.96 crore in FY25. Gross profit stood at ₹535.39 crore, up from ₹511.76 crore in the previous year. The improvement in net profit was significantly aided by a one-time tax benefit; the company exercised the option under Section 115BAA of the Income Tax Act (New Tax Regime), resulting in the remeasurement and reversal of opening deferred tax liability amounting to ₹69.51 crore.

Dividend and Shareholder Information

In addition to the proposed final dividend, Nirlon had already paid an interim dividend of ₹15 per share during FY26. Total dividend payouts for the year include the interim payment of ₹135.18 crore and the proposed final dividend of ₹135.18 crore. Dividend payments are scheduled to be made on or after September 25, 2026, contingent upon shareholder approval at the AGM.

Shareholders holding shares in dematerialized form will be eligible for the dividend based on data provided by NSDL and CDSL as of the close of business hours on September 3, 2026. For physical shareholders, eligibility will be determined after giving effect to valid transmission requests lodged by the same cutoff date.

Governance and Corporate Actions

The 67th AGM will also address the re-appointment of Mr. Kunnasagaran Chinniah as a Nominee Director, who retires by rotation. Additionally, members are sought to ratify the remuneration payable to the Cost Auditor, Mr. Vinay B. Mulay of Vinay Mulay & Co., for FY27. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

What the Numbers Show

The significant jump in net profit, despite a modest 5.9% growth in gross income, underscores the impact of the tax regime change. The reversal of ₹69.51 crore in deferred tax liability contributed substantially to the bottom line, indicating that operational profitability alone would have shown a more moderate year-on-year increase. This highlights the importance of distinguishing between recurring operational gains and non-recurring tax benefits when assessing sustainable earnings power.