SRF Limited files BRSR for FY26 reporting 42% renewable energy

2 min read     Updated on 06 Jun 2026, 02:07 PM
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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.

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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Total Water Withdrawn (kL) 55,37,045 55,37,378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 Day5 Days1 Month6 Months1 Year5 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?

KAMA Holdings Limited Confirms Zero Encumbrance on SRF Limited Shares for FY26 Under SEBI Takeover Regulations

2 min read     Updated on 19 May 2026, 06:54 AM
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KAMA Holdings Limited has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on 03.04.2026, confirming zero encumbrance on SRF Limited shares for the financial year ending 31.03.2026. The promoter and promoter group collectively hold 148982500 equity shares, representing 50.26% of SRF Limited's total equity capital. Kama Holdings Limited alone holds 148845000 shares, equivalent to 50.21% of total equity. The declaration was signed by Ekta Maheshwari, Whole Time Director, CFO & Company Secretary of KAMA Holdings Limited.

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KAMA Holdings Limited, acting as a promoter of SRF Limited , has submitted a formal disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated 03.04.2026. The declaration confirms that no member of the promoter and promoter group, including persons acting in concert, has created any encumbrance on shares of SRF Limited, either directly or indirectly, during the financial year ending on 31.03.2026.

Regulatory Disclosure Details

The disclosure was filed with SRF Limited's Company Secretary/Audit Committee Chairman, BSE Limited, and the National Stock Exchange of India Limited. The declaration was digitally signed by Ekta Maheshwari, Whole Time Director, CFO & Company Secretary of KAMA Holdings Limited, on 03.04.2026.

Promoter and Promoter Group Shareholding

As part of the disclosure, an annexure detailing the entities and individuals on whose behalf the declaration is being submitted was enclosed. The following table presents the shareholding details of the promoter and promoter group members who hold equity shares in SRF Limited:

Name: Promoter/Promoter Group No. of Equity Shares Held % of Total Equity Capital
Kama Holdings Limited Yes 148845000 50.21%
Mr. Arun Bharat Ram Yes 87500 0.03%
Mr. Ashish Bharat Ram Yes 25000 0.01%
Mr. Kartik Bharat Ram Yes 25000 0.01%
Total 148982500 50.26%

The remaining members of the promoter and promoter group, including Mrs. Vasvi Bharat Ram, Mrs. Radhika Bharat Ram, Ms. Kairavi Bharat Ram, Ms. Apoorvi Bharat Ram, Mr. Maahir Bharat Ram, Ms. Ahaana Bharat Ram, and several associated entities, are listed as part of the promoter group but do not hold any reported equity shares in SRF Limited.

Full List of Promoter Group Entities

The declaration covers a comprehensive list of entities and individuals forming the promoter and promoter group. The associated entities included in the disclosure are:

  • SRF Altech Limited
  • SRF Holiday Home Limited
  • SRF Global BV
  • SRF Industries (Thailand) Ltd
  • SRF Flexipak (South Africa) (Pty) Ltd
  • SRF Industex Belting (pty) Ltd.
  • SRF Europe KFT
  • SRF Transnational Holdings Ltd
  • KAMA Realty (Delhi) Ltd
  • Shri Educare Ltd.
  • Shri Educare Maldives Pvt Ltd
  • Orange Farms Private Limited
  • Lotus Estates Private Limited
  • Bharat Ram Associates Pvt Ltd
  • Srishti Westend Green Farms LLP
  • KARM Farms LLP
  • Karmav Real Estate Holdings LLP
  • Rose Farms (Delhi) LLP
  • KAMA Real Estate Holdings LLP
  • TYP SY Beauty Products LLP
  • TYP SY Beauty Procurement Services Private Ltd
  • KAI INDIA MENTAL HEALTH FORUM
  • SRF Middle East LLC

Summary of Declaration

The aggregate promoter and promoter group holding in SRF Limited stands at 148982500 equity shares, accounting for 50.26% of the total equity capital. The declaration reaffirms that no encumbrance of any nature was created on these shares during the financial year ending 31.03.2026, in compliance with the applicable SEBI regulations.

Historical Stock Returns for SRF

1 Day5 Days1 Month6 Months1 Year5 Years
-0.80%-1.17%+6.02%-4.76%-11.22%+104.19%

Could KAMA Holdings Limited's 50.21% concentrated stake in SRF Limited become a target for regulatory scrutiny regarding minimum public shareholding norms in the future?

How might SRF Limited's promoter group's diverse international subsidiaries across Thailand, South Africa, and Europe influence the company's global expansion strategy going forward?

Given the clean encumbrance record, are there any indications that the promoter group plans to increase or decrease its stake in SRF Limited through open market transactions or block deals?

More News on SRF

1 Year Returns:-11.22%