Shanthi Gears files BRSR for FY26, reports 61% renewable energy usage
Shanthi Gears Limited filed its BRSR for FY26, revealing that 61% of its energy consumption came from renewable sources. The company achieved reductions in energy, water, and waste intensity while maintaining zero regulatory fines. It allocated ₹2.19 crore to CSR initiatives in Coimbatore.
*this image is generated using AI for illustrative purposes only.
Shanthi Gears Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, disclosing significant progress in its environmental performance and governance metrics. The company reported that 61% of its total energy consumption during the year was derived from renewable sources, comprising 53% from captive power generation and 8% from third-party purchases. This shift contributed to a 10% reduction in energy intensity compared to the previous financial year, aligning with its long-term target of a 30% reduction by 2030.
The filing, submitted to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, was signed by Walter Vasanth P J, Company Secretary & Compliance Officer. The report confirms that the company maintained a clean compliance record, with zero fines, penalties, or punishments imposed by regulators or law enforcement agencies during FY26. Furthermore, there were no reported instances of corruption, bribery, or conflicts of interest involving directors, key managerial personnel, employees, or workers.
Environmental Performance and Targets
Shanthi Gears outlined its performance against specific environmental goals set for 2030. The company achieved a 13% reduction in water intensity and a 12% reduction in waste intensity for FY26, against targets of 50% reductions for both metrics by 2030. Total waste generated during the year stood at 5,701.47 metric tons, of which 5,386.90 metric tons were recovered through recycling operations. The company also reported total Scope 1 and Scope 2 greenhouse gas emissions of 5,927 metric tons of CO2 equivalent, a decrease from 8,761 metric tons in the previous year.
| Parameter | Target FY 30 | Performance (FY 25-26) |
|---|---|---|
| Energy Intensity | 30% | 10% Reduction |
| Renewable Energy | 75% | 61% Renewable Energy |
| Water Intensity | 50% | 13% Reduction |
| Waste Intensity | 50% | 12% Reduction |
Social Initiatives and Governance
On the social front, the company reported a Lost Time Injury Frequency Rate (LTIFR) of 0.35 for workers, while employees recorded zero incidents. The total workforce comprised 1,435 individuals, including 396 employees and 1,039 workers. Women accounted for 9% of the total employee strength and 6% of the total workforce. The Board of Directors included 9 members, with 2 women representatives.
The company spent ₹2.19 crore on CSR projects in the aspirational district of Coimbatore, Tamil Nadu. Key initiatives included the construction of classrooms, installation of X-ray machines, road expansion, and extensive plantation drives. The report also noted that the company is a subsidiary of Tube Investments of India Limited, which holds a 70.46% stake.
Historical Stock Returns for Shanthi Gears
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -6.10% | -7.52% | -0.39% | -22.46% | +174.62% |
What specific capital investments or technological upgrades will Shanthi Gears implement to bridge the gap between the current 61% renewable energy usage and the 75% target by 2030?
How will the company sustain the momentum required to meet the ambitious 50% reduction targets for water and waste intensity given the current progress of 13% and 12% respectively?
Are there plans to expand the scope of emissions reporting to include Scope 3 emissions, given the significant reduction already achieved in Scope 1 and Scope 2 categories?
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