Shree Shree Renuka Sugars Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the National Stock Exchange of India Limited and the Bombay Stock Exchange.

The disclosure was made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report outlines the company's performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC).

Key Operational Metrics

The company reported several key sustainability indicators for the reporting period. Ethanol production reached 169,192 kilolitres, while renewable energy generation stood at 352 million kWh. The firm also reported using 941.82 million litres of recycled water and planting 54,366 trees.

Governance and Compliance

The report highlighted regulatory penalties incurred during the year. The company disclosed fines totaling approximately ₹10 crore across various authorities, including the Income Tax Department and GST authorities. Most of these penalties were related to input tax credit issues or unexplained investments, with appeals preferred in several cases.

The Board of Directors oversees all sustainability-related matters. No assurance provider was engaged for the reporting period, as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2025/42 dated March 28, 2025.

Environmental Impact

Scope 1 greenhouse gas emissions were recorded at 2,98,494.33 metric tonnes of CO2 equivalent, while Scope 2 emissions rose to 29,500.64 metric tonnes. Total waste generated increased to 1,82,824.10 metric tonnes, with significant volumes of ash and pressmud being reused or sold for recovery operations.

ICICI Bank Limited has disposed of a 2.17% stake in Shree Renuka Sugars through open market sales. The transaction involved the sale of 4,61,98,815 equity shares, with the last tranche executed on August 20, 2026.

The disposal reduces the lender’s total holding in the sugar and ethanol producer to 6.79% of the issued and paid-up equity share capital. Prior to this sale, ICICI Bank held 8.96% of the company’s voting rights.

Transaction Details

The sale was conducted in multiple tranches on the open market. The bank confirmed that none of the shares sold were encumbered by pledge, lien, or non-disposal undertakings. Similarly, no warrants or convertible securities were part of the transaction.

Regulatory Disclosure

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to BSE Limited and National Stock Exchange of India Limited on August 21, 2026.

Shree Renuka Sugars’ total equity share capital remains unchanged at Rs. 2,12,84,89,773, comprising 2,12,84,89,773 equity shares of face value Rs. 1 each. ICICI Bank is not part of the promoter or promoter group of the target company.