Renaissance Global Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026. The disclosure covers environmental metrics, social governance practices, and operational sustainability initiatives across its jewellery manufacturing units.

Environmental Performance

The company reported a significant reduction in greenhouse gas emissions during the reporting period. Total Scope 1 emissions fell to 185.09 metric tonnes of CO2 equivalent from 501.95 metric tonnes in FY25. Scope 2 emissions dropped sharply to 119.36 metric tonnes from 1,815.07 metric tonnes in the prior year.

This decline is attributed to the transition of Mumbai manufacturing units to electricity supplied by Adani, which is sourced entirely from renewable energy. Consequently, non-renewable grid electricity consumption decreased substantially. Total energy consumption from renewable sources stood at 1,47,33,554.40 MJ, while non-renewable consumption fell to 9,37,261.81 MJ from 98,08,162.23 MJ in FY25.

Water withdrawal remained stable at 52,496 kilolitres, primarily from third-party sources. The company discharged 31,497.60 kilolitres of treated water to third parties. Waste generation decreased to 23.24 metric tonnes from 50.05 metric tonnes in FY25, driven by lower food waste and reduced workload.

Social and Governance Metrics

Renaissance Jewellery maintains a workforce of 665 employees and 821 workers. The company reported zero fatalities and zero lost-time injury frequency rates for both categories during FY26. Approximately 90% of raw material suppliers are certified under the Responsible Jewellery Council (RJC) standards, ensuring ethical sourcing practices.

Related-party transactions constituted a notable portion of business activities. Sales to related parties accounted for 38.21% of total sales, while purchases from related parties made up 22.94% of total purchases. Investments in related parties represented 85.44% of total investments made by the entity.

What the Numbers Show

The sharp contraction in Scope 2 emissions—dropping by over 93% compared to FY25—is directly linked to the supplier switch rather than internal efficiency gains alone. This structural change in energy sourcing significantly altered the company's carbon footprint profile, reducing reliance on non-renewable grid power in its primary manufacturing hub.

Operational Updates

The company discontinued operations at its Bhavnagar plant in April 2026, which contributed to lower particulate matter emissions and reduced waste generation. No new subsidiaries were added that participate in business responsibility initiatives, though several entities were incorporated during the period, including Renaissance Jewellery Middle East FZCO.

Renaissance Jewellery has scheduled its 37th Annual General Meeting for September 18, 2026. The meeting will be held via video conferencing or other audio-visual means, as permitted by regulatory exemptions.

The agenda includes ordinary business items such as the adoption of audited financial statements for FY26 and the reappointment of Mr. Neville Tata as a director by rotation. Additionally, shareholders will vote on special business resolutions concerning executive compensation and consultancy fees.

Executive Appointments and Remuneration

The board seeks approval for the reappointment of Mr. Neville Tata as Whole-Time Director, designated as Executive Director. His tenure will span five years, from February 1, 2027, to January 31, 2032. The proposed remuneration range is ₹12,00,000 to ₹20,00,000 per month, inclusive of salary, allowances, performance pay, and perquisites.

Perquisites outlined in the resolution include:

• A company car with a driver for business use.
• One club life membership fee.
• Mobile phone expenses.
• Contributions to provident and superannuation funds.
• Gratuity at half a month’s salary per completed year of service.

Mr. Tata holds 1,25,000 equity shares in the company and has extensive experience in the gems and jewellery sector, previously serving as Chief Operating Officer.

Management Consultancy Fee Revision

Shareholders are asked to approve an increase in the management consultancy fee payable to Mr. Hitesh Shah, a non-independent and non-executive director. The fee will rise from ₹4,00,000 to ₹5,00,000 per month, effective April 1, 2026.

This revision requires a special resolution because Mr. Shah is a related party holding an office of profit. The aggregate fee payable to him will exceed 50% of the total annual remuneration payable to all non-executive directors during FY27. The board cites expansion in business operations and enhanced strategic requirements as reasons for the hike.

E-Voting and Meeting Logistics

E-voting will commence on Monday, September 14, 2026, at 9:00 am and conclude on Thursday, September 17, 2026, at 5:00 pm. The register of members and share transfer books will remain closed from September 11, 2026, to September 18, 2026.

Members holding shares on the cut-off date of September 11, 2026, are eligible to vote. The company will use the InstaVote facility provided by MUFG Intime India Private Limited for remote e-voting. Physical attendance is dispensed with, and proxy appointments are not available for this virtual meeting.