Shalby files BRSR for FY26; energy intensity drops 18%

2 min read     Updated on 17 Aug 2026, 07:23 PM
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Shalby Limited’s FY26 BRSR reveals a 16.75% drop in non-renewable electricity use and an 18.4% improvement in energy intensity. Fuel consumption rose 43.45% due to higher generator usage. CSR spending reached ₹32.18 million.

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Shalby Limited submitted its Business Responsibility & Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Ltd and BSE Limited on August 17, 2026. The filing, mandated under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company’s environmental, social, and governance performance for the financial year ended March 31, 2026.

Environmental Performance

The healthcare provider reported measurable progress in energy efficiency during FY26. Total electricity consumed from non-renewable sources decreased by 12.05 TJ, or 16.75%, from 71.93 TJ in FY25 to 59.88 TJ in FY26. This reduction was driven by energy optimization initiatives, including motion sensor-based lighting controls and operational monitoring of HVAC systems.

Conversely, total fuel consumption increased by 0.63 TJ (43.45%) to 2.08 TJ from 1.45 TJ in the prior year, attributed to higher diesel generator usage across select hospital units. Despite the rise in fuel use, total energy consumption declined by 11.42 TJ (15.56%) to 61.96 TJ. Consequently, energy intensity per rupee of turnover improved by approximately 18.4%, falling from 8.45 × 10⁻⁹ TJ/₹ in FY25 to 6.90 × 10⁻⁹ TJ/₹ in FY26.

Metric: FY26 FY25 Change
Non-renewable Electricity: 59.88 TJ 71.93 TJ -16.75%
Fuel Consumption: 2.08 TJ 1.45 TJ +43.45%
Total Energy: 61.96 TJ 73.38 TJ -15.56%
Energy Intensity (TJ/₹): 6.90 × 10⁻⁹ 8.45 × 10⁻⁹ -18.4%

Water withdrawal increased by 28.67% to 3,42,267.96 KL from 2,66,015 KL in FY25, reflecting expanded operational scale. Biomedical waste generated decreased marginally by 0.72% to 228.44 metric tonnes from 230.09 metric tonnes. All biomedical waste was disposed of through authorized agencies in compliance with the Bio-Medical Waste Management Rules, 2016.

Social Metrics and Governance

The company employed 2,838 permanent employees as of March 31, 2026, comprising 55.36% males and 44.64% females. The turnover rate for permanent employees stood at 35.99% in FY26, compared to 35.45% in FY25 and 34.90% in FY24.

Corporate Social Responsibility (CSR) spending for FY26 totaled ₹32.18 million. The company’s net worth as on March 31, 2026, was ₹12,469.39 million, against a turnover of ₹8,985.57 million. No differently abled employees were onboarded during the year, though the company affirmed its commitment to equal employment opportunities.

What the Numbers Show

The divergence between rising fuel consumption and falling grid electricity usage indicates a shift in energy sourcing at the facility level, likely due to backup power reliance rather than structural changes. While water intensity rose alongside operational expansion, the significant improvement in energy intensity suggests that capital expenditures on LED lighting and HVAC insulation are yielding efficiency gains relative to revenue growth.

Historical Stock Returns for Shalby

1 Day5 Days1 Month6 Months1 Year5 Years
+0.16%-4.33%-7.63%-1.05%-24.63%-18.92%

How might Shalby Limited's increased reliance on diesel generators impact its carbon footprint and future compliance with stricter environmental regulations?

What specific strategies is the company implementing to reduce its 36% employee turnover rate, which has remained persistently high over the last three years?

Will Shalby Limited invest in renewable energy infrastructure to offset the rising fuel consumption and further improve its energy intensity metrics in FY27?

Shalby Ltd AGM on Sep 10: Shanay Shah proposed as Whole-Time Director

4 min read     Updated on 17 Aug 2026, 06:34 PM
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Shalby Limited has scheduled its 22nd AGM on September 10, 2026 via video conferencing, with the cut-off date for e-voting set at September 3, 2026 and remote e-voting open from September 5 to September 9, 2026. Key agenda items include adoption of FY 2025-26 audited financials, ratification of cost auditor remuneration at ₹1,10,000 for FY 2026-27, and the proposed appointment of Mr. Shanay Vikram Shah as Whole-Time Director for five years from August 12, 2026 at a remuneration not exceeding ₹1.50 crore per annum. The appointment constitutes a related party transaction as Mr. Shanay Vikram Shah is the son of Dr. Vikram Shah, Chairman and Managing Director. No dividend has been recommended for FY 2025-26.

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Shalby Limited has convened its 22nd Annual General Meeting (AGM) on Thursday, September 10, 2026 at 4:00 p.m. IST, to be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with applicable Ministry of Corporate Affairs and SEBI circulars. The notice, dated August 17, 2026, was filed by Tushar Shah, Vice President & Company Secretary.

AGM Schedule and E-Voting Timeline

Shareholders as on the cut-off date of September 3, 2026 are eligible to cast their votes electronically. The key dates for the meeting and remote e-voting are summarised below.

Parameter: Details
AGM Date & Time: Thursday, September 10, 2026 at 4:00 p.m. IST
Mode: Video Conferencing (VC) / OAVM
Cut-off Date for E-Voting: Thursday, September 3, 2026
E-Voting Commencement: Saturday, September 5, 2026 at 9:00 a.m. IST
E-Voting Conclusion: Wednesday, September 9, 2026 at 5:00 p.m. IST
E-Voting Sequence Number (EVSN): 140831

The Annual Report for FY 2025-26 and the Notice of the 22nd AGM are available on the company's website and have been dispatched electronically to shareholders whose email addresses are registered with the company or their depository participants.

Agenda Items

The AGM will transact the following ordinary and special business:

Ordinary Business

  • Adoption of the Audited Standalone Financial Statements of the company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors.
  • Adoption of the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with the report of the Auditors.

Special Business

  • Ratification of remuneration payable to M/s. S A & Associates, Cost Accountants, Ahmedabad (Firm Registration No. 000347), as Cost Auditors for FY 2026-27 at ₹1,10,000/- (Rupees One Lakh Ten Thousand only) plus applicable taxes and reimbursement of out-of-pocket expenses.
  • Appointment of Mr. Shanay Vikram Shah (DIN: 02726541) as a Director of the company, liable to retire by rotation.
  • Appointment of Mr. Shanay Vikram Shah (DIN: 02726541) as Whole-Time Director for a term of five consecutive years with effect from August 12, 2026, liable to retire by rotation.

Proposed Appointment of Whole-Time Director

The Board of Directors, on the recommendation of the Nomination and Remuneration Committee at its meeting held on August 12, 2026, appointed Mr. Shanay Vikram Shah as an Additional Director (Whole-Time Director) for a period of 5 years with effect from August 12, 2026, subject to shareholder approval at the AGM.

Mr. Shanay Vikram Shah, aged 35 years, holds a Bachelor's degree in Science with Honours in Accounting and Finance from the University of Warwick, United Kingdom, and a Master's degree in International Health Management from Imperial College London, United Kingdom. He is also a Chartered Financial Analyst (CFA). He has been associated with the company since October 5, 2013, with over 13 years of experience in the healthcare industry, including international business, strategy, financial operations, human resources, and investor relations. He holds 1,37,525 equity shares representing 0.13% of the paid-up equity share capital of the company.

Mr. Shanay Vikram Shah is the son of Dr. Vikram Shah (DIN: 00011653), Chairman and Managing Director of the company, making this appointment a related party transaction under Section 188 of the Companies Act, 2013.

Key Terms of Appointment

Parameter: Details
Designation: Whole-Time Director
Tenure: 5 consecutive years from August 12, 2026
Remuneration: Not exceeding ₹1.50 crore per annum
Termination Notice: Six months' written notice by either party
Retirement: Liable to retire by rotation

Upon his appointment as Whole-Time Director, Mr. Shanay Vikram Shah will cease to hold the office of President – International Business, and the remuneration payable thereunder will stand discontinued with effect from August 12, 2026.

Related Party Disclosure

The appointment constitutes a related party transaction under Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zb) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as Mr. Shanay Vikram Shah is the son of Dr. Vikram Shah (DIN: 00011653), Promoter and Chairman & Managing Director. The monthly remuneration exceeds ₹2,50,000/-, requiring member approval by ordinary resolution under the second proviso to Section 188(1) of the Companies Act, 2013. The appointment is not classified as a "material related party transaction" under Regulation 23(1) of the SEBI Listing Regulations.

Book Closure and Other Details

The book closure period is Friday, September 4, 2026 to Thursday, September 10, 2026 (both days inclusive). The Board has not recommended any dividend for FY 2025-26. The e-voting facility is being provided through the National Securities Depository Limited (NSDL), and Chintan I Patel & Associates (Membership No. FCS 12315, CP No. 20103), Practicing Company Secretaries, have been appointed as the Scrutinizer for conducting the e-voting process.

Historical Stock Returns for Shalby

1 Day5 Days1 Month6 Months1 Year5 Years
+0.16%-4.33%-7.63%-1.05%-24.63%-18.92%

How might the appointment of Mr. Shanay Vikram Shah as Whole-Time Director influence Shalby Limited's international expansion strategy and operational efficiency?

What are the potential market reactions to the Board's decision not to recommend a dividend for FY 2025-26, particularly regarding investor sentiment and share price volatility?

Could the related-party nature of this appointment raise any governance concerns among institutional investors or regulatory bodies despite SEBI compliance?

More News on Shalby

1 Year Returns:-24.63%