SRF Limited files BRSR for FY26 reporting 42% renewable energy
SRF Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY26, disclosing material tax demands of ₹58.32 crore and a 42% renewable energy share in electricity consumption. The report details a workforce of 14,068, export contribution of 40.33%, and comprehensive ESG metrics including waste management and governance practices assured by BDO India Services Pvt. Ltd.

*this image is generated using AI for illustrative purposes only.
SRF Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with BSE Ltd and the National Stock Exchange of India Limited on 06 June 2026. The filing, made in compliance with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's environmental, social, and governance (ESG) performance. The report highlights that exports accounted for 40.33% of the company's total turnover on a standalone basis, while 42% of the total electricity consumed during the year was sourced from renewable energy.
The BRSR discloses material tax demands and penalties imposed by various regulatory authorities during the financial year. The Commissioner of Customs, Chennai-II, imposed customs duty and penalty aggregating to approximately ₹38.49 crore on account of wrong HSN classification for the import of raw materials and process chemicals. Additionally, the Joint Commissioner, CGST Commissionerate, Dehradun, demanded a reversal of Input Tax Credit (ITC) of approximately ₹15.76 crore along with penalty for exempted supply and non-filing of returns by a supplier. The Reserve Bank of India levied a late submission fee of ₹15,000 for delay in reporting the Annual Performance Report.
Operational and Financial Metrics
The company reported a total workforce of 14,068 individuals, comprising 3,827 employees and 10,241 workers as of 31 March 2026. The gender diversity on the Board of Directors stood at 20%, with two female members out of ten. The company’s paid-up capital was recorded at ₹296.42 crore. SRF Limited operates 10 plants and 7 offices nationally, serving 28 states and 8 union territories in India alongside 84 international markets.
| Metric | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Total Energy Consumed (TJ) | 13,540 | 13,052 |
| Total Water Withdrawn (kL) | 55,37,045 | 55,37,378 |
| Total Waste Generated (MT) | 8,25,215 | 6,80,186 |
| Gross Wages to Females (%) | 6.58% | 5.73% |
Environmental Performance
SRF Limited’s environmental initiatives included a focus on renewable energy and waste management. The share of renewable electricity in total consumption increased to approximately 42%. The company generated 8,25,215 metric tonnes of waste, of which 7,79,317 metric tonnes were recovered through recycling, reusing, or other recovery operations. The facilities in Bhiwadi, Manali, Viralimalai, Gummidipoondi, Gwalior, and the Performance Films & Foil Business operate as Zero Liquid Discharge (ZLD) units.
Governance and Assurance
The report was assured by BDO India Services Pvt. Ltd, which provided reasonable assurance for BRSR Core parameters and limited assurance for select other non-financial essential indicators. The assurance engagement covered the company’s India operations, including manufacturing facilities that represent approximately 80% of the revenue generated. The company confirmed that no fines or penalties were imposed by regulators on account of bribery, corruption, or conflict of interest during the year.
Historical Stock Returns for SRF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.80% | -1.17% | +6.02% | -4.76% | -11.22% | +104.19% |
How will SRF Limited manage the financial impact of the ₹54.25 crore in tax demands and penalties on its upcoming quarterly earnings?
What specific strategies will SRF implement to reduce the significant 21% year-over-year increase in total waste generation?
Is the company on track to increase its renewable energy consumption beyond 42% to meet future decarbonization targets?


































