Dear Members,

Your Directors are pleased to present the 42nd Annual Report of Satia
Industries Limited (“the Company”) along with the Audited Financial Statements
for the Financial Year ended March 31, 2023.


Financial Result:


The financial performance of your Company for the year ended March 31, 2023 is
summarized below: -


(Rs in Lakh)



  

    
Particulars
    
Current 
Year
    
Previous 
Year
  
  

    
Revenue and Other Income
    
189779.73
    
91675.18
  
  

    
Profit Before interest depreciation and tax
    
42582.28
    
20706.65
  
  

    
Interest and Financial Charges
    
3518.04
    
2082.16
  
  

    
Depreciation
    
20712.74
    
6357.61
  
  

    
Profit from operations (before Tax) prior year adjustments &
    exceptional Item
    
18351.50
    
12266.88
  
  

    
TAX EXPENSES
    

    

  
  

    
Current Tax
    
3144.72
    
1950.16
  
  

    
Deferred Tax
    
(4010.65)
    
249.28
  
  

    
Profit/(Loss) after Tax
    
19217.43
    
10067.44
  
  

    
Less: Appropriation
    

    

  
  

    
Dividend on Equity Shares
    
400
    
200
  



Industry Review Corporate Overview


Satia Industries Limited operates in the following business segments: -

1Writing and Printing Paper

2Agriculture

3Co-generation of Power for captive consumption and


Financial Performance and the State of the Company's affairs

Operational Review


Your Company recorded a phenomenal growth of 107% with the total income of Rs 189779.
73 lakhs as compared to Rs 91675.18 lakh in the previous year. Profit before Tax for the
year 2022-23 was Rs 18351.50 lakh as against Rs 12266.88 lakh in the previous year. Profit
after Tax for the year 2022-23 stood at Rs 19217.43 lakh as against Rs 10067.45 lakh in
the previous year.


Dividend


Based on the Company's performance, Your Directors have declared interim dividends of
Rs 0.20 per equity shares (20%) at its meeting held on 10th February, 2023 involving a
cash outflow of Rs 2.00 crores. Your directors have also recommended a final dividend of
Rs 0.20 per equity share (20%) for the financial year 2022-23 at their meeting held on
28.04.2023, the final dividend on equity shares, if approved by the Members in the ensuing
AGM, would involve a cash outflow of Rs 2.00 crore. With this the total dividend for FY
2023 amounts to Rs 0.40 per equity share and would involve a total cash outflow of Rs 4.00
crores. In pursuance to the requirements of Regulation 43A of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(“LODR”), your Company has formulated a Dividend Distribution Policy and is
available on the Company's website with web link https://www.satiagroup.com/1nvestor/
Company policies


Reserves


The closing balance of the retained earnings of the Company for the financial year
2023, after all appropriation and adjustments was Rs. 72319.75 Lakh.


Fixed Deposit


The Company has not accepted any deposits from public and as such, no amount on account
of principal or interest on deposits from public was outstanding as on the date of the
balance sheet.


Particulars of Loans, Guarantees or Investments:


The company has not given any loans or guarantees covered under the provisions of
Section 186 of the Companies Act, 2013. The details of the investments made by Company are
given in the notes to the financial statements.


Credit Rating


The Indian Ratings & Research Private Limited has upgraded Satia Industries Limited
long term issuer rating to IND A + from IND A. The Instrument wise rating action is as
below: -


  

    
Instrument Type
    
Maturity
Date
    
Size of Issue (million)
    
Rating/
Outlook
    
Rating
Action
  
  

    
Term loans
    
FY29
    
INR 4149.2 (increased from INR 3,976.8)
    
IND A+/Stable
    
Upgraded
  
  

    
Fund-based bank facilities
    
-
    
INR 850
    
IND
A+/Stable/IND A1 +
    
Upgraded
  
  

    
Non-fund- based bank facilities
    
-
    
INR1, 250 (increased from INR600)
    
IND
A+/Stable/IND
    
A1+
    
Upgraded
  



Internal Control Systems and their adequacy


SIL has a well-established framework of internal controls across in all the areas of
its operations. The Company has adequate monitoring procedures and to maintain its
objectivity and independence, the Company has appointed competent Internal Auditor, who
reports to the Joint Managing Director and the quarterly reports are placed before the
Audit Committee.

Based on the report of internal audit, the audit committee recommends corrective
actions to the respective departments need to undertake in their respective areas and
thereby strengthen the controls.


Transfer of Unpaid Dividend to Investor Education and Protection Fund (IEPF)


As required under Section 124 of the Act, the Unclaimed Dividend amount aggregating to
lying with the Company for a period of seven years were transferred during the Financial
Year 2022-23, to the Investor Education and Protection Fund (IEPF) established by the
Central Government.


Transfer of shares to IEPF


As required under Section 124 of the Act

3,73,650 equity shares, in respect of which dividend has not been claimed by the
members for seven consecutive years or more, have been transferred by the Company to the
Investor Education and Protection Fund Authority (IEPF) during the Financial Year 2022-23.
Details of shares transferred to IEPF have been uploaded on the Website of IEPF as well as
the Company.

In terms of provisions of Section 125 of the Companies Act, 2013, the unclaimed final
dividend pertaining to the financial year 201415 for amount aggregating to 96840 /- had
been transferred to the “Investor Education and Protection Fund” established by
the Central Government on 31st October, 2022.


Directors and Key Managerial Personnel


Sh Chirag Satia, Executive Director (DIN No: 03426414) will retire from office by
rotation at Annual General Meeting, and being eligible, offers himself for reappointment.
Sh. Chirag Satia has given required declaration under Companies Act, 2013.

Mr. Ashok Kumar Gupta (DIN No: 08068465) was re-appointed as an Independent Director of
the Company for second term

of five consecutive years commencing from 08th February, 2023 to 07th February, 2028
not liable to retire by rotation. The members of the Company have accorded their approval
by passing a Special Resolution through Postal Ballot Notice dated 23.01.2023.

Mr. Ajay Vyas (DIN No 07553649) was appointed as an Independent Director of the Company
for five consecutive years commencing from 23rd December, 2022 to 22nd December,2027 not
liable to retire by rotation. The members of the Company have accorded their approval by
passing a Special Resolution through Postal Ballot Notice dated 23.01.2023


Cessation


Sh Arun Gupta (DIN No 00371289) Independent Director, retired as member of the Board of
Directors on completion of tenure effective February 07, 2023. The Board placed on record
their appreciation for Sh Arun Gupta in valuable contribution, guidance, and strategic
vision, that has helped the Company build and execute a resilient growth strategy.

All the Independent Directors have affirmed their independence under Section 149 of the
Companies Act, 2013 and provisions of Regulation 25 of SEBI (LODR) Regulations, 2015. The
Company has obtained requisite declaration to that effect from the said Directors.


Board Evaluation


Pursuant to the applicable provisions of the Act and the Listing Regulations, the Board
has carried out an Annual Evaluation of its own performance, performance of the Directors
and the working ofits Committees, based on the evaluation criteria defined by Nomination
and Remuneration Committee (NRC) for performance evaluation process of the Board, its
Committees and Directors. The performance of the Board was evaluated by the Board after
seeking inputs from all the directors on the basis of criteria such as the Board
composition

and structure, effectiveness of board processes, information and functioning, etc. The
performance of the Committees was evaluated by the Board after seeking inputs from the
Committee members on the basis of criteria such as the composition of committees,
effectiveness of Committee meetings, etc. The performance assessment of Non-Independent
Directors, Board as a whole and the Chairman were evaluated at separate meetings of
Independent Directors. The same was also discussed in the meetings ofNRC and the Board.
Performance evaluation of Independent Directors was done by the entire Board, excluding
the Independent Director being evaluated.

The Board and the Nomination and Remuneration Committee reviewed the performance of
individual Directors on the basis of criteria such as the contribution of the individual
director to the board and committee meetings like preparedness on the issues to be
discussed, meaningful and constructive contribution and inputs in meetings etc. In the
Board meeting that followed the meeting of the independent directors and meeting of
Nomination and Remuneration Committee, the performance of the board, its committees, and
individual directors was also discussed. Performance evaluation of independent Directors
was done by the entire board, excluding the independent director being evaluated.

Pursuant to the provisions of Section 149 of the Act, the independent Directors have
submitted declarations that each of them meets the criteria of independence as provided in
Section 149(6) of the Act along with Rules framed there under and Regulation 16(1)(b) of
the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”). There has been no
change in the circumstances affecting their status as independent directors of the
Company.

During the year under review, the nonexecutive directors of the Company had no
pecuniary relationship or transactions

with the Company, other than sitting fees, commission and reimbursement of expenses
incurred by them for the purpose of attending meetings of the Board/Committee of the
Company.


Key Managerial Personnel


Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel of
the Company as on March 31, 2023 are Dr Ajay Satia, Chief Executive Officer, Chairman cum
Managing Director, Sh Rachit Nagpal, GM(Finance) - CFO and Sh Rakesh Kumar Dhuria, Company
Secretary.


Committees of the Board


The Committees of the Board focus on certain specific areas and make informed decisions
in line with the delegated authority. The following substantive Committees constituted by
the Board function according to their respective roles and defined scope:

•Audit Committee of Directors

•Nominations and Remuneration Committee (NRC)

•Stakeholders Relationship Committee

•Corporate Social Responsibility Committee

•Risk Management Committee

Terms of reference and number of meetings held for respective Committees are given in
the Report on Corporate Governance which forms part of the Annual Report. Further, during
the year under review, all recommendations made by the Audit Committee have been accepted
by the Board. The Company has adopted a Code of Conduct for its Non-Executive Directors
including a code of conduct for Independent Directors which suitably incorporates the
duties of Independent Directors as laid down in the Act.

In terms of the Listing Regulations, all Directors and senior management personnel have
affirmed compliance with their respective codes. The CEO & Managing Director has also
confirmed and certified the same, which certification is provided at the

end of the Report on Corporate Governance. Remuneration Policy



In compliance with Section 178(3) of the Act and Regulation 19(4) of the Listing
Regulations, on the recommendations of the Nomination and Remuneration Committee (NRC),
the Board formulated Policy relating to the remuneration of Directors, key managerial
personnel and other employees. The Policy includes criteria for determining
qualifications, positive attributes and independence of Directors and other matters. It
broadly lays down the philosophy, guiding principles and basis for recommending payment of
remuneration to the Executive and NonExecutive Directors. The role of the NRC is disclosed
in the Corporate Governance Report, which forms part of the Annual Report in compliance
with proviso to Section 178(4) of the Act. The Remuneration Policy is stated in the
Annexure-IA. We affirm that the remuneration paid to the Directors is as per the terms
laid out in the Remuneration Policy.


Number of meetings of the Board


Five meetings of the Board were held during the year. For details of meetings of the
Board, please refer to the Corporate Governance Report, which is a part of this report.


Director Responsibility Statement


Pursuant to requirement of Section 134 (5) of the Companies Act, 2013, your Directors
confirm that:

(A)in the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures;

(B)the Directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the end of the financial

year and of the profit or loss of the company for the period.

(C)the Directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities.

(D)the Directors had prepared the annual accounts on a going concern basis.

The Directors had laid down internal financial control to be followed by the Company
and that such internal financial controls are adequate and were operating effectively. The
Directors had devised proper systems to ensure compliance with the provision of all
applicable laws and that such system was adequate and operating effectively.


Audit reports and Auditors


The Auditors Report for the year 31.03.2023 does not contain any qualification,
reservation or adverse remark. The Auditors' Report is enclosed with the financial
statement in this Annual Report.


Statutory Auditors:


M/s. Rakesh Bansal & Co., Chartered Accountants, (Firm's Registration No. 011474N),
were appointed as Statutory Auditors of the Company for a term of five consecutive
Financial Years. i.e. from 202122 to 2026-27, in 41st Annual General Meeting (AGM) held on
30th September 2022. The Company had received a letter dated 22nd December, 2022 (as also
information as per Annexure-A of SEBI Circular) from M/s. Rakesh Bansal & Co.,
Statutory Auditors addressed to the Board of Directors through Audit Committee requesting
to accept their resignation and intimate his case was genuine and exceptional case
stating, inter-alia, the following reasons: - Due to health issue of the sole proprietor
and personal circumstances unable to undertake the assignment. The Audit

Committee had noted that Statutory Auditors had not raised any concerns, as to
nonreceipt of information or non-co-operation from the management. The Audit Committee had
taken view that due to health issue of the sole proprietor reached to this conclusion that
on professional inability and humane considerations, the resignation be accepted. Thus,
pursuant to the recommendations ofthe Audit Committee and pursuant to personal, genuine
and exceptional circumstances including health issue the resignation of M/s. Rakesh Bansal
& Co., Chartered Accountants, Statutory Auditors dated 22nd December, 2022 was also
accepted by the Board w.e.f. 23rd December, 2022. The Audit Committee passed a resolution
on 23rd December 2022 recommending to the Board of Directors the appointment of M/s. N.K.
Chhabra & Co., Chartered Accountants, Chandigarh (Firm Registration No. 000837N with
ICAI), as Statutory Auditors for this purpose to fill the casual vacancy caused by
resignation of M/s. Rakesh Bansal & Co., Chartered Accountants, (Firm Registration No.
011474N for the current Financial Year 2022-23 and they shall hold office until the
conclusion of next annual general meeting to be held in the calendar year 2023, and they
shall also be appointed as Statutory Auditors of the Company for the next four years viz.
Financial Year 2022-23 to 2026-27.


Secretarial Audit:


Pursuant to provision of Section 204 of the Companies Act 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 the company has
appointed M/s. S. Parnami & Associates, a firm of Company Secretaries in practice to
undertake the Secretarial Audit of the company. The Secretarial Audit report is annexed
herewith as “Annexure VI. The Secretarial Audit Report for the year under review
requires no comments. The said report does not contain any qualification, reservation or
adverse remarks.


Annual Secretarial Compliance Report


In compliance with Circular No. CIR/CFD/

CMD/1/27/2019 dated February 8, 2019, issued by the Securities and Exchange Board of
India (SEBI), M/s S. Parnami & Associates, was appointed for issuing Annual
Secretarial Compliance Report for the year ended March 31, 2023. The said Report confirms
that the Company has maintained proper records as stipulated under various Rules and
Regulations and that, no action has been taken against the Company or promoters/ directors
by the SEBI/Stock Exchange.


Internal Auditors


During the year under review M/s. SSPJ & Co, Chartered Accountants, Internal
Auditors has resigned w.e.f 10.02.2023 and M/s S S Kothari Mehta & Co., Chartered
Accountants New Delhi was appointed in place carried out the internal audit and submitted
their report.


Cost Audit


Pursuant to the provisions of the Companies Act, 2013 M/s Balwinder & Associates,
Cost Accountants, Mohali has conducted the cost audit of the Company. As recommended by
the Audit Committee, the Board at its meeting held on 27.05.2022 appointed M/s Balwinder
& Associates., Cost Accountants, Mohali as Cost Auditor to conduct cost audit for the
year ended March 31, 2023, pursuant to the provisions of Section 148 of the Act read with
the Companies (Cost Records and Audit) Amendment Rules, 2014. M/s Balwinder &
Associates, confirmed that they are free from disqualifications as specified under Section
141 read with Sections 139 and 148 of the Act, held a valid certificate of practice and
that their appointment met the requirements of Sections 141(3)(g) and 148 of the Act. M/s
Balwinder & Associates also confirmed that they are independent, maintained an arm's
length relationship with the Company and that no orders or proceedings are pending against
them relating to professional matters of conduct before the institute of Cost Accountants
of India or any competent authority/court. The Company has maintained cost records as
specified by the Central Government under Section 148(1) of the Act.

Your Company has adopted Indian AccountingStandards (IND AS).

The Financial Statement for the year ended March 31, 2023 have been prepared in
accordance with (IND As) notified under the Companies (Indian Accounting Standards) Rules,
as amended by the Companies (Indian Accounting Standard) Rules, 2018 read with Section 133
and other applicable provisions of the Companies Act, 2013.


Related Party Transaction:


All related party transactions that were entered into during the financial year were on
arm's length basis and were in the ordinary course of business. There are no materially
significant related party transactions made by the company with Promoters, Key Managerial
Personnel or other designated persons which may have potential conflict with interest of
the company at large. Transactions with related parties entered by the Company in the
normal course of business are periodically placed before the Audit Committee for its
omnibus approval. The Board of Directors of the Company has on the recommendation of the
Audit Committee, adopted a policy to regulate transactions between the Company and its
Related Parties, in compliance with the applicable provisions of the Companies Act,2013,
the rules there under and Listing Regulations. This Policy as considered and approved by
the Board has been uploaded on the webs site of the Company at www. satiagroup.com.


Subsidiary Companies

The Company does not have any subsidiary.

Vigil mechanism/Whistle Blower Policy


The Company has adopted a Whistle Blower Policy and has established the necessary vigil
mechanism for Directors and Employees in confirmation with Section 177 of the Act and
Regulation 22 of SEBI Listing Regulations, to facilitate reporting of the genuine concerns
about unethical or improper activity, without fear of retaliation. The vigil mechanism of
the Company provides for

adequate safeguards against victimization of Directors and employees who avail of the
mechanism and also provides for direct access to the Chairman of the Audit Committee in
exceptional cases. No person has been denied access to the Chairman of the Audit
Committee. The said Policy is uploaded on the website of the Company at https://www.
satiagroup.com


Extract of Annual Return:


The details forming part of the extract of the Annual Return in form MGT-9 is annexed
herewith as Annexure-VII


Particulars of Employees


Information as required under Section 197 read with rule 5 of the (Companies
Appointment and Remuneration of Managerial Personnel) Rules 2014 is appended as
Annexure-II and forms an integrated part of this report.

Conservation of Energy, Technology Absorption and Foreign Exchange Earning and Outgo

The Particulars as prescribed under section 134(3) (m) of the Companies Act, 2013 read
with rule 8 of the Company (Accounts) Rules 2014 relating to conservation of energy,
technology absorption and foreign exchange earnings and outgo is appended as Annexure-III


Industrial Relations:


During the year under review, your Company enjoyed cordial relationship with workers
and employees at all levels.


Corporate Governance, Management Discussion & Analysis and Business Responsibility
and sustainability Report.


As per Listing Regulations, the Corporate Governance Report with the Auditors'
Certificate thereon and the Management Discussion and Analysis are attached, which forms
part of this Annual Report. Pursuant to Regulation 34(2)(f) of the Listing Regulations,
Business Responsibility and sustainability initiatives taken from

an environmental, social and governance perspective in the prescribed format is
attached as a separate section of this Annual Report.


Sustainability

Corporate Social Responsibility Initiatives


The Company has always recognized its social responsibility as an integral and critical
part of its value system and carried out 'Need Assessment Study' to fulfil the
requirements ofits social responsibility under CSR Programs and based on that assessment
of demand, the management has approved CSR program and Expenditure on CSR and will be
reviewed in each year depending on the profitability of the Company. Your Company
continued the social development schemes initiated in previous years. These projects
covered the broad the matic areas of promotion of Education, Medical Aid, Livelihood,
Eradication of Poverty, Support, Orphans, Women, Blind and that are in compliant with
Companies Act 2013. The Company has spent the entire required amount of the current year
ended 31.03.2023 under the CSR and nothing is outstanding as unspent.

Satia Industries Ltd's CSR initiatives and activities are aligned to the requirements
of Section 135 of the Act. A brief outline of the CSR policy of the Company and the
initiatives undertaken by the Company on CSR activities during the year are set out in
Annexure IV of this report in the format prescribed in the Companies (Corporate Social
Responsibility Policy) Rules, 2014. This Policy is available on the Company's website at
https://www. satiagroup.com For other details regarding the CSR Committee, please refer to
the Corporate Governance Report, which is a part of this report


Safety, Health and Environment


The safety of all employees and associates has always been an area of priority for our
Company. The Company has constituted a Safety and Securities Committee and the Committee
meet in each month to discuss all safety issues and take the decision

relating to resolving the same. The minutes of the securities and safety committee
meetings and action taken report are also placed before the Audit Committee Meeting for
their review and further instruction, if any required relating to pending matters. The
Company also conduct the Fire Evacuation Drill regularly. The safety and Training &
awareness sessions were conducted periodically on Fire Safety in emergency situation and
on usage of the fire saving equipment. Safety standards are maintained across all
locations. Regular deep cleaning of the office premises and checks were done to ensure
safety of the employees. During ongoing Pandemic, Health and wellbeing of the employees
had become a major priority for the Company. Innovative and effective means were developed
to engage with the employees during these tough times. Health and wellness awareness
sessions were also conducted for employees. The connect meetings gave opportunities to
employees to express themselves and get solutions to their work matters. It also motivated
people to stay committed toward the organization's goals and values.


Business Responsibility and Sustainability Report (BRSR)


In accordance with Regulation 34(2)(f) of the Listing Regulations, BRSR, covering
disclosures on the Company's performance on Environment, Social and Governance parameters
for FY23, is part of this Integrated Report. BRSR includes reporting on the nine
principles of the National Voluntary Guidelines on social, environmental and economic
responsibilities of business as framed by the MCA. Cross referencing is provided in
relevant sections of Integrated Report with suitable references to the BRSR.


Awards:


Dr. Ajay Satia, CMD, has been honored with the Life-Time Achievement Award as
Entrepreneur of the year 2023 in a glittering ceremony in Hyderabad.

Indian Pulp & Paper Technical Association (IPPTA) recognizes and celebrates out-

standing business leaders who have led their organization to new heights with their
extraordinary entrepreneurial vision and thrust and thus made a mark in the world of
business with their risk-taking ability, meticulous planning, strategic roadmaps and
careful execution.


Disclosures as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition
& Redressal) Act, 2013


Your Company is committed to creating and maintaining a secure work environment where
its employees, agents, vendors and partners can work and pursue business together in an
atmosphere free of harassment, exploitation and intimidation. To empower women and protect
women against sexual harassment, and as per the requirement of the Sexual Harassment of
Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (“POSH
Act”) and Rules made thereunder, a policy for prevention of sexual harassment had
been made and Internal Complaints Committee had been set up. This policy allows employees
to report sexual harassment at the work place. The Internal Committee is empowered to look
into all complaints of sexual harassment and facilitate free and fair enquiry process.


Report on Corporate Governance


Your Company is committed to best practices in the area of Corporate Governance. Good
Governance facilitate effective management and control of business, maintaining a high
level of business ethics and optimizing the value for all stakeholders.

Corporate Governance Structure in the Company assigns responsibilities and entrusts
authority among different participants in the organization viz the Board of Directors, the
senior Management and employee etc


Management Discussion and Analysis Report


In terms of Regulation 34 (2) (e) of the Listing Regulations, 2015 read with other

applicable provisions, the detailed review of the operations, performance and future
outlook of the Company and its business is given in the Management's Discussion and
Analysis Report (MDA) which forms part of this Annual Report and is incorporated herein by
reference and forms an integral part of this report.


Acknowledgement


The Directors thanks the Company's Bankers, Employees, Customers, Vendors, Investors
and for their continuous support. The Directors also thank the Government of India,
Government of Various States in India and concerned Government Departments and agencies
for their co-operation


Place : VPO: Rupana (Dr Ajay Satia) (R.K.Bhandari) Date : 11.08.2023 Chairman Cum Joint
Managing Managing Director Director

Annexure-I

DIVIDEND DISTRIBUTION POLICY


The Board at its discretion, while approving the annual accounts in each financial
year, may also recommend the dividend for approval of the shareholders after taking into
account the free cash flow position, the profit earned during that year, the Capex
requirements and applicable taxes. If during any financial year the profits of the Company
are inadequate, the Board may decide not to declare dividends for that financial year. A
dividend policy stated by the current Board cannot be binding on the extant Board.
However, the current Board can form a guideline on dividend payout in future in the
interest of providing transparency to the shareholders.

The Company's Dividend Distribution Policy (DDP) is available at website: www.
satiagroup.com/Dividend Policy.


Annexure-IA

REMUNERATION POLICY


The Nomination and Remuneration Committee of the Company is constituted in line with
provisions of Regulation 19

of SEBI (LODR) Regulations, 2015 read with Section 178 of the Companies Act, 2013.

Brief Description of Terms of reference:

1To carry out evaluation of the Director's performance and recommend to the Board
appointment/removal based on his/her performance.

2To formulate a criterion for determining qualification, positive attributes and
independence of a director.

3To recommend to the Board on (i) policy relating to remuneration for Directors, Key
Managerial Personnel and Senior Management and (ii) Executive Directors remuneration and
incentive.

The Remuneration policy principle is that the remuneration and the other terms of
employment shall be competitive in order to ensure that the Company can attract and retain
competent Executives. The Nomination and Remuneration Committee while considering a
remuneration package must ensure a balance approach reflecting short- and long-term
performance objectives appropriate to the working of the company and its goals.

Executive remuneration shall be proposed by the Committee and subsequently approved by
the Board of Directors, Executive remuneration is evaluated annually against performance
in determining package of remuneration, the Committee may consult with the Chairman Cum
Managing Director.

The Board may delegate the appointment and remuneration powers in case of Sr.
Management Personnel (except KMPs and Directors) to the Chairman & Managing Director
CEO/ or Whole Time Director.


Annexure-II


Information required pursuant to Section 197 read with Rule 5 (1) and (2) of Chapter
XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is
furnished hereunder:


  

    
Name of the Director/KMP and Designation
    
Remuneration in fiscal, 2023 Rs in lacs
    
% increase in remuneration from previous year
    
Ratio of Remuneration to MRE*
    
Comparison of the remuneration of the KMP against the
    Performance of the Company
  
  

    
% of Profits before tax
    
% ofTurnover
  
  

    
Dr. Ajay Satia (Chairman Cum Managing Director)
    
754.33
    
55.62
    
142.53
    
3.29
    
0.32
  
  

    
Sh. R.K. Bhandari (Joint Managing Director)
    
100.27
    
12.30
    
23.64
    
0.55
    
0.05
  
  

    
Sh. Chirag Satia (Executive Director
    
480.15
    
50.43
    
84.96
    
1.96
    
0.19
  
  

    
Sh Hardev Singh Director (Technical)
    
41.68
    
6.22
    
9.25
    
0.21
    
0.02
  
  

    
Sh Rachit Nagpal (CFO)
    
24.60
    
88.65
    
5.80
    
0.13
    
0.01
  
  

    
Sh. Rakesh Kumar Dhuria (Company Secretary)
    
20.93
    
114.77
    
4.94
    
0.11
    
0.01
  


1The median Remuneration of Employees was Rs 4.24 lakh PA.

2In the financial year, there was 59.19% increases in the median remuneration of
employees.

3There were 2159 permanent employees on the rolls of the Company as on March 31, 2023

4Relationship between average increase in remuneration and Company performance:-

For the financial year 2022-23 key managerial

Personnel were paid 7.74% and 0.75% of


Detail of Ten Employees in Term of Remuneration


the net profit before tax and turnover respectively of the Company.

The ratio of the remuneration of the highest paid director to that of employees who are
not director but receive remuneration in excess of the highest paid director during the
year-Not applicable.

It is hereby affirmed that the remuneration paid is as per the Remuneration Policy for
Directors, key managerial personnel, senior management personnel and other employees.


  

    
Sr. Name of No Employee
    
Designation of the Employee
    
Qualification
    
Experience 
(Yrs.)
    
Age
    
Annual Salary (In Lacs)
    
Last 
Employment
  
  

    
1 MANAV SARIN
    
VICE PRESIDENT (SALES)
    
M.B.A.
    
30.1
    
50.10
    
39.00
    
Rama Newspint & Paper Ltd.
  
  

    
2 VENKUMAHANTHI SRINIVASA RAO
    
SR.G.M.
    
B.TECH MECH., 
MBA - OPERATIONS MGMT.
    
16.4
    
38.10
    
34.80
    
Concept 
Technologies
  
  

    
3 SANDEEP PABHA
    
SR.G.M.(ENGG.& 
PROJECTS)
    
B.E PRODUCTION ENGG.
    
28.4
    
50.5
    
34.32
    
Kuantam Paper
  
  

    
4 PARVEEN KUMAR
    
SR.G.M.
    
DIP. IN ELECT. ENGG.
    
32.5
    
50.3
    
27.60
    
Punjab Concast Steels
  
  

    
5 SANJAY JAIN
    
SR.G.M.
    
DIP ELECT.ENGG.
    
30.7
    
55.11
    
27.60
    
Rainbow Papers Ltd.
  
  

    
6 LEELADHAR BAGLA
    
VICE PRESIDENT- PAPER
    
MS(MM) & PPT
    
28.8
    
49.9
    
27.60
    
Shreeyans Inds. Ltd.
  
  

    
7 RAKESH KUMAR
    
GENERAL
    
B.TECH CHEMICAL
    
36.5
    
58
    
27.4
    
Sirpur Paper
  
  

    
MALHOTRA MANAGER
    
Mill Ltd.
    

    

    

    

    

  
  

    
Group 
    

    

    

    

    

    

  
  

    
8 PANKAJ KUMAR
    
SR.G.M.
    
B.E E&I
    
23.8
    
51.6
    
27.18
    
PRESPL
  
  

    
JAIN 
    

    

    

    

    

    

  
  

    
9 SATPAL ARORA
    
SR.G.M.(MKT
    
& M.B.A.
    

    
31.7
    
55.1
    
27
  
  

    
PPC) Employment
    

    

    

    

    

    

  
  

    
10 S.MADHUKAR RAO First SR.G.M.
    
B.SC. Murli Agro
    

    
38
    
62
    
27.00 
    

  



Annexure III

INFORMATION UNDER SECTION 134 (3) (M) OF THE COMPANIES ACT, 2013 READ WITH COMPANIES
(ACCOUNTS) RULES 2014 AND FORMING PART OF THE REPORT OF THE BOARD OF DIRECTORS.


Conservation of Energy

Installation of VFDs in PMILL & Utility for energy conservation

Energy efficient LED lights installed in plant PM4 & DIP

IE3 premium energy efficient motors installation at PM 3,4 & PMILL &ETP area.

Thermal insulation on steam lines, condensate lines. and steam traps repairing.

Condensate recovery by arresting leakage and insulation

Energy efficient & latest technology Turbo blower (Runtech make) installed for
Vacuum System at PM3 for energy efficiency, energy saving & better control of vacuum.


IITechnological Absorption


1)PM4 Rewinder 2 Globe make latest design & technology rewinder installed &
commissioned in for increasing production capacity and quality paper for market.

2)HW 1 Street Modification for use on Agro & HW both options for consistent supply
of Agro pulp and to increase pulp reliability

3)PM2 Hood modification done for improving quality and steam efficiency improvement

4)PM2 Press Part frame & structure changed & new steam box installed for steam
efficiency improvement

5)PM2 QCS modification done for increasing accuracy level & control of process
system parameters & improving quality of paper

6)PM1 QCS modification done for increasing accuracy level & control of process
system parameters & improving quality of paper

7)Disperser 2 installed at PM4 DIP 2 for improving DIP Pulp quality

8)PM4 Softwood refiner installation for improving paper machine runnabilty further
improving printability & dimension stability

9)New Oxygen Plant installing for meeting oxygen demand of EOP stage for improving pulp
quality & reduction in further chemicals

10)TRP 2 installation & commissioning for increasing equipment availability

11)Wood chipper installation for improving in house capacity of wood chips

12)Wheat Straw bailing machine no 2 installed for better & increasing raw material
storage capacity.

13)CRB 1 ESP 1 modification for improving emission control & increasing efficiency.

14)ETP bio reactor capacity enhancement to increase system efficiency & saving in
boiler fuel (rice husk) by using additional generated gas using in boiler.


IIIFOREIGN EXCHANGE EARNINGS AND OUT GO:


Expenditure for the year ended 31st March, 2023 is as under: -


  

    
i)Earning in foreign exchange.
    
11,10,96,109
  
  

    
ii)Expenditure in foreign currency.
    

  
  

    
CIF Value of imports
    
(Rs.)
  
  

    
Waste Paper
    
71,64,23,808
  
  

    
Pulp
    
92,96,08,051
  
  

    
Chemical
    
6,64,50,265
  
  

    
Machinery- Spares & Capital Goods 314,585,451
    

  
  

    
Interest
    
2,59,17,495
  
  

    
Legal, Technical Fees, Repair & Other
    

  
  

    
fees
    
2,11,30,874
  
  

    
Total Expenditure
    
2,07,41,15,943
  



Place : Rupana (Dr Ajay Satia) (R.K.Bhandari) Date : 11.08.2023 Chairman Cum Joint
Managing

Managing Director Director

Annexure-V

BUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT

SECTION A: GENERAL DISCLOSURES


I.Details of the listed entity

1.Corporate Identity Number (CIN) of the Listed Entity- L21012PB1980PLC004329

2.Name of the Listed Entity - Satia Industries Limited

3.Year of Incorporation- 1980

4.Registered office address - Village Rupana, Malout - Muktsar Road, Muktsar, Punjab -
152032

5.Corporate address - Village Rupana, Malout-Muktsar Road, Muktsar,

Punjab - 152032

6.E-mail- satiapaper@satiagroup.com

7.Telephone- 01633-262001,262215, 263585

8.Website - www.satiagroup.com

9.Financial year for which reporting is being done 1st April 2022 - 31st March 2023

10.Name of the Stock Exchange(s) where shares are listed

a.National Stock Exchange of India Limited (NSE)

b.BSE Limited (BSE)

11.Paid-up Capital- Rs. 10 crore

12.Name and contact details (telephone, email address) of the person who may be
contacted in case of any queries on the BRSR report


  

    
Particulars
    
Details
  
  

    
1. Name
    
Mr. Rajinder Kumar Bhandari
  
  

    
2. Designation
    
Joint Managing Director
  
  

    
3. Telephone Number
    
01633-262001,262215,
263585
  
  

    
4. Email ID
    
satiapaper@satiagroup.
com
  


13.Reporting boundary - Are the disclosures under this report made on a standalone
basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all
the entities which form a part of its consolidated financial statements, taken together).

Standalone basis II. Products/Services

14.Details of business activities (accounting for 90% of the turnover):


  

    
Description of Main Activity
    
Description of Business Activity
    
% of Turnover of the entity
  
  

    
1 Paper division
    
Manufacturing of writing and printing paper
    
99.95%
  


15. Products/Services sold by the entity (accounting for 90% of the entity's turnover):


  

    
S. No
    
NIC Code
    
Product/Services
    
% of total Turnover contributed
  
  

    
Group
    
Class
    
Sub Class
  
  

    
1
    
170
    
1709
    
17093
    
Manufacturing of writing and printing paper
    
99.95%
  


III.Operations

16.Number of locations where plants and/or operations/offices of the entity are
situated:


  

    
Location
    
Number of plants
    
Number of offices
    
Total
  
  

    
National
    
1
    
3
    
4
  
  

    
International
    
0
    
0
    
0
  


17.Markets served by the entity: a. Number of locations


  

    
Locations
    
Number
  
  

    
National (No. of States)
    
21
  
  

    
International (No. of Countries)
    
2
  


b.What is the contribution of exports as a percentage of the total turnover of the
entity?

3.12%

c.A brief on types of customers

The Company's primary business is manufacturing of writing and printing paper. Some of
its major clients include State and Central Government departments and Private Sector.

IV.Employees

18.Details as at the end of Financial Year:

a. Employees and workers (including differently abled):


  

    
Particulars
    

    
Male
    

    
Female
    

  
  

    

    
Total(A)
    
No. (B)
    
% (B / A)
    
No. (C)
    
% (C / A)
  
  

    
EMPLOYEES
    

    

    

    

    

  
  

    
1. Permanent (D)
    
555
    
533
    
96%
    
22
    
4%
  
  

    
2. Other than Permanent (E)
    
-
    
-
    
NA
    
-
    
NA
  
  

    
3. Total employees (D + E)
    
555
    
533
    
96%
    
22
    
4%
  
  

    
WORKERS
    

    

    

    

    

  
  

    
4. Permanent (F)
    
1,680
    
1,677
    
99.8%
    
3
    
0.2%
  
  

    
5. Other than Permanent (G)
    
-
    
-
    
NA
    
-
    
NA
  
  

    
6. Total workers (F + G)
    
1,680
    
1,677
    
99.8%
    
3
    
0.2%
  
  

    
b. Differently abled Employees and workcers:
    

    

    

    

    

  
  

    
Particulars
    

    
Male
    

    
Female
    

  
  

    

    
Total(A)
    
No. (B)
    
% (B / A)
    
No. (C)
    
% (C / A)
  
  

    
DIFFERENTLY ABLED EMPLOYEES
    

    

    

    

    

  
  

    
1 Permanent (D)
    
2
    
2
    
100%
    
-
    
0%
  
  

    
2 Other than Permanent (E)
    
-
    
-
    
NA
    
-
    
NA
  
  

    
3 Total differently abled employees
    
2
    
2
    
100%
    
-
    
0%
  
  

    
(D + E) 
DIFFERENTLY ABLED WORKERS
    

    

    

    

    

  
  

    
4 Permanent (F)
    
7
    
7
    
100%
    
-
    
0%
  
  

    
5 Other than permanent (G)
    
-
    
-
    
NA
    
-
    
NA
  
  

    
6 Total differently abled workers (F + G)
    
7
    
7
    
100%
    
-
    
0%
  


19. Participation/Inclusion/Representation of women


  

    

    
Total(A)
    
No. and percentage of Females No. (B)
    
% (B / A)
  
  

    
Board of Directors
    
11
    
1
    
9.1%
  
  

    
Key Management Personnel
    
3
    
0
    
0%
  


*Key Management Personnel includes CEO, Chief Financial Officer and Company Secretary.

** Managing Director is included under boath 'Board of Directors and Key Management
Personnel'. 20. Turnover rate for permanent employees and workers


  

    

    
FY22-23
    
(Turnover rate in current FY) %
    
FY21-22
    
(Turnover rate in previous FY) %
    
FY20-21
    
(Turnover rate in the year prior to the previous FY) %
  
  

    

    
Male
    
Female
    
Total
    
Male
    
Female
    
Total
    
Male
    
Female
    
Total
  
  

    
Permanent Employees
    
13.37%
    
5.88%
    
13.14%
    
14.66%
    
0%
    
14.41%
    
8.20%
    
0%
    
8.11%
  
  

    
Permanent Workers
    
10.01%
    
0%
    
9.99%
    
5.20%
    
0%
    
5.18%
    
4.31%
    
0%
    
4.30%
  


V.Holding, Subsidiary and Associate Companies (including joint ventures)

VI.CSR Details

21.(a) Names of holding / subsidiary / associate companies / joint ventures

Not applicable since Company doesn't have any holding/subsidiary/associate companies/
joint ventures

22.(i) Whether CSR is applicable as per section 135 of Companies Act, 2013: Yes

(ii)Turnover (in Rs.): 1,88,374.20 Lakhs

(iii)Net worth (in Rs.): 73,319.75 Lakhs

VII.Transparency and Disclosures Compliances

23.Complaints/Grievances on any of the principles (Principles 1 to 9) under the
National Guidelines on Responsible Business Conduct:


  

    
Stakeholder group from whom complaint is received
    
Grievance Redressal Mechanism in Place (Yes/No)
    
FY 22-23
    
Current Financial Year
    
FY 21-22
    
Previous Financial Year
  
  

    

    
(If Yes, then provide web- link for grievance redress policy)
    
Number of complaints filed during the year
    
Number of complaints pending resolution at close of the year
    
Remarks
    
Number of complaints filed 
during the year
    
Number 
of
    
comp
    
laints
    
pending
    
resolution
    
at
    
close of the year
    
Remarks
  
  

    
Communities
    
Yes
    
Nil
    
Nil
    

    
Nil
    
Nil
    

  
  

    
Investors (other than shareholders)
    
Yes
    
Nil
    
Nil
    

    
Nil
    
Nil
    

  
  

    
Shareholders
    
Yes*
    
Nil
    
Nil
    

    
Nil
    
Nil
    

  


 


  

    
Stakeholder group from whom complaint is received
    
Grievance Redressal Mechanism in Place (Yes/No)
    
FY 22-23 
Current Financial Year
    

    

    

    

  
  

    

    
(If Yes, then provide web- link for grievance redress policy)A
    
Number of complaints filed during the year
    
Number of complaints pending resolution at close of the year
    
Remarks
    
Number of complaints filed 
during the year
    
Number 
of
    
comp
    
laints
    
pending
    
resolution
    
at
    
close of the year
  
  

    
Employees and Workers
    
Yes
    
Nil
    
Nil
    

    
Nil
    
Nil
  
  

    
Customers
    
Yes
    
Nil
    
Nil
    

    
Nil
    
Nil
  
  

    
Value Chain Partners (Supply Chain Partners)
    
Yes
    
Nil
    
Nil
    

    
Nil
    
Nil
  
  

    
Other 
(an on ym ou s email/letters)
    
Yes
    
Nil
    
Nil
    

    
Nil
    
Nil
  


* The Company has Stakeholder Relationship Committee to redress the complaints received
from the shareholders as per SEBI Listing Regulations.


A Refer the Link for related policies :
https://www.satiagroup.com/companys-policy/

24. Overview of the entity's material responsible business conduct issues

Please indicate material responsible business conduct and sustainability issues
pertaining to environmental and social matters that present a risk or an opportunity to
your business, rationale for identifying the same, approach to adapt or mitigate the risk
along-with its financial implications, as per the following format.


  

    
Material issue identified
    
Indicate whether risk or opportunity (R/O)
    
Rationale for identifying risk/opportunity
    
In case of Risk, Approach to adapt or mitigate
    
Positive/negative
financial
    
implications
  
  

    
GHG Emissions
    
Risk
    
With an increase in manufacturing capacity - to keep up with production demand, the
    GHG emissions will go up due to more power generation/ consumption
    
Satia Industries Limited ('SIL') has established a PCC Plant (Precipitated Calcium
Carbonate)that
    uses the CO2 that is generated in the boilers as a byproduct of fuel burning. This CO2 is
    used as raw
    
Programmes to mitigate risk emanating from increase in GHG Emissions can
    lead to incremental cost in short- to-medium- term which can be partly compensated by
    increased
  
  

    
Material issue identified
    
Indicate whether risk or opportunity (R/O)
    
Rationale for identifying risk/opportunity
    
In case of Risk, Approach to adapt or mitigate
    
Positive/negativefinancialimplications
  
  

    

    

    

    
material for PCC generationCompany is producing electricity from Biomass/
    renewable sources instead of fossil fuels thus reducing carbon emissions in atmosphere
    
efficiency in long term
  
  

    
WaterManagement
    
Risk
    
Water being a finite resource will pose a risk to the operations of the
    business. Water is a critical input material in our production process. We have to also
    ensure that we meet air emission & water consumption and discharge norms.
    
Rain water harvesting is being practiced at manufacturing
    locations Discharged water is treated as per SPCB norms and is used for own developed
    Eucalyptus plant irrigation Industry is using new advanced technology for water mater
    management to replace fresh water like disc filters, microfilters etc.
    
Neutral- No financial implication is foreseen in the near future. We are
    taking efforts to ensure efficient water management
  
  

    
Productquality
    
Risk and opportunity
    
Risk : Our customers expect us to maintain and improve upon the quality of our
    products. Any lapse on product quality would negatively impact our brandvalue and our
    market share.Opportunity: Upholding and improving upon our product will enable us to
    increase our
    
Continuous monitoring and improvement of product quality is required to
    ensure our products have a consistent quality and meet the customer's quality
    expectations.
    
Positive: Maintaining product quality would ensure that we remain competitive in our
    industry.
  



 



  

    
Material issue identified
    
Indicate whether risk or opportunity (R/O)
    
Rationale for identifying risk/opportunity
    
In case of Risk, Approach to adapt or mitigate
    
Positive/negative
financial
    
implications
  
  

    

    

    
market share as well as retain our existing customer base. Further, increasing use of
    paper products in the food industry is an emerging
    

    

  
  

    
Market Competiton
    
Opportunity
    
opportunity.Presents and opportunity to diversify the product portfolio to cater to
    different segments of markets and develop alternatives to banned
    

    
Positive
  
  

    
Human Rights Practices
    
Risk and opportunity
    
plastic productsRisk : Changing regulations around human rights pose as a
    challenge. Absence of a comprehensive Human Rights governance structure encompassing
    parameters such as working conditions, child/ forced labour, fair remuneration, gender
    diversity, prevention of sexual harassment, freedom of association and collective
    bargaining will adversely impact the Company's smooth working & people
    development.Opportunity: This will help the Company to create better working environment,
    with involvement and ownership of people working in the
    
We put in substantial efforts to ensure that no human right violations
    are ensured in the entire life of our business. The Company has in place Prevention of
    Sexual Harassment Policy in line with the requirements of Harassment of Women at the
    Workplace (Prevention, Prohibition and Redressal) Act, 2013. All employees (permanent,
    contractual, temporary and trainees) are covered under this policy. During the financial
    year 2022-2023, no complaints regarding child labour, forced labour,
    
Negative-Any violation can lead to severe reputational and financial risk
    for the organisation Positive:Better work environment helps to produce cost efficient
    quality product.
  


 

 


  

    
Material issue identified
    
Indicate whether risk or opportunity (R/O)
    
Rationale for identifying risk/opportunity
    
In case of Risk, Approach to adapt or mitigate
    
Positive/negativefinancialimplications
  
  

    

    

    

    
involuntary labour, sexual harassment were received by the Company.
    

  
  

    
Regulatory
compliance
    
Risk
    
Company. Non-compliance with current and emerging regulations can lead to penalties,
    business disruption, increased scrutiny, and reputational
    
Robust framework to ensure compliance with current and emerging regulations
    
Negative
  
  

    
Employee Health and Safety
    
Risk
    
risk
This can lead to
    
Many efforts and initiatives have been put in place to ensure employee health and
    safey
    
Neutral-Any cost put towards employee health and safety will yield positive results in
    the long run
  
  

    
Labour
practices
    
Risk
    
decreased productivity Changing regulations around labour practices
    
We put in substantial efforts to ensure that we comply with all requirements of labour
    law and do beyond it as well
    
Negative- Workplace incidents related to employee's health and safety can result into
    the cost of high litigation, plants shutdown, survivor benefits and bad press and fines
    from the regulator
  


SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

P 1 Businesses should conduct and govern themselves with integrity, and in a manner
that is Ethical, Transparent and Accountable.

P 2 Businesses should provide goods and services in a manner that is sustainable and
safe.

P 3 Businesses should respect and promote the well-being of all employees, including
those in their value chains.

P 4 Businesses should respect the interests of and be responsive to all its
stakeholders.

P 5 Businesses should respect and promote human rights.

P 6 Businesses should respect and make efforts to protect and restore the environment.

P 7 Businesses, when engaging in influencing public and regulatory policy, should do so
in a manner that is responsible and transparent.

P 8 Businesses should promote inclusive growth and equitable development.

P 9 Businesses should engage with and provide value to their consumers in a responsible
manner.


  

    
Disclosure Questions
    
P1
    
P2
    
P3
    
P4
    
P5
    
P6
    
P7
    
P8
    
P9
  
  

    
Policy and management processes
    
Ethics & Transparency
    
ProductResponsibility
    
Human
resources
    
StakeholdersEngagement
    
Respect for Human Rights
    
Responsiblemanufacturing
    
Public Policy Advocacy
    
InclusiveGrowth
    
CustomerEngagement
  
  

    
1. a. Whether your entity's policies Yes cover each principle and its c elements of
    the NGRBCs. (Yes/No)
    
Yes
re
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    

  
  

    
b. Has the policy been approved by the Board? (Yes/No)
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
  
  

    
c. Web link of the Policies, if available
    
https://www.satiagroup.com/companys-policy/
  
  

    
2. Whether the entity has translated the policy into procedures? (Yes/No)
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
    
Yes
  
  

    
3. Do the enlisted policies extend to your value chain partners? (Yes/No)
    
The Company adheres to all the requirements of BRSR policy a nd we also
    encourage our value chain partners to adopt best practices to achieve responsible business
    operations
  
  

    
4. Name of the national and international codes/ certifications/labels/standards
    adopted by your entity and mapped to each principle
    
SIL's manufacturing facilities have well-defined Environment, Health, and
    Safety (EHS), quality management and en vironment manage ment systems in place that have
    been established i n accordance with International Standards such as ISO 9001 (Quality
    Management System), ISO 14001 (Environment Management System), ISO 45001 (Occupational
    Health & Safety Management System)
  
  

    
5. Specific commitments, goals and targets set by the entity with defined timelines,
    if any
    
Company has already replaced one of its normal boiler with multi fuel
    boiler. Company is further pla nning to replace its another normal boiler with multi fuel
    boiler which will be used for fuel generation from rice straw. This will lead to reduction
    in burning of rice straw by Farmers thus contributing to lesser stubble burning within 100
    km radius of Plant
  
  

    
6. Performance of the entity against the specific commitments, goals, and targets
    along-with reasons in case the same or not met
    
We constantly monitor the performance towards ESG Goals a nd take adequate
    actions wherever required. We have a rob ust governance mechanism to monitor the progress
    of these goals. Further, please refer to details given under each of the principles.
  
  

    
Governance, leadership, and oversi
    
ght
  


 


  

    
Yes
    
Yes
    
Yes Y e s
  


 


  

    
7. Statement by director responsible for the business responsibility
    report, highlighting
  
  

    
ESG related challenges, targets and achievements (listed entity has
    flexibility regarding
  
  

    
the placement of this disclosure).
  
  

    
Please refer 'Chairman cum Managing Director's Message' on pages X-X of
    the Integrated Report FY 23
  
  

    
8. Details of the highest authority
    
Name: Mr. Rajinder Kumar Bhandari
  
  

    
responsible for implementation and
    
Designation: Joint Managing Director
  
  

    
oversight of the Business Responsibility
    
DIN:00732588
  
  

    
policy (ies).
    

  
  

    
9. Does the entity have a specified Committee
    
Yes. The Company has constituted a Business
  
  

    
of the Board/ Director responsible for decision
    
Responsibility & Sustainability Committee
  
  

    
making on sustainability related
    
("BRS Committee”) to oversee the
  
  

    
issues? (Yes / No). If yes, provide details.
    
implementation of the policy
  


10. Details of Review of NGRBCs by the Company:


  

    
Subject for review
    
Indicate whether review was undertaken by Director/committee of the
    board/any other committee
    
Frequency
(Annually/half-yearly/quarterly/ any other - please specify)
  
  

    

    
P1
    
P2
    
P3
    
P4
    
P5
    
P6
    
P7
    
P8
    
P9
    
P1 P2 P3 P4 P5 P6 P7 P8 P9
  
  

    
Performance
    

    

    

    

    

    

    

    

    

    

  
  

    
against above
    

    

    

    

    

    

    

    

    

    

  
  

    
policies and
    

    

    

    

    

    

    

    

    

    

  
  

    
follow up action
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
The policies are reviewed quarterly
  
  

    
Compliance with
    

    

    

    

    

    

    

    

    

    

  
  

    
statutory
    

    

    

    

    

    

    

    

    

    

  
  

    
requirements of
    

    

    

    

    

    

    

    

    

    

  
  

    
relevance to the
    

    

    

    

    

    

    

    

    

    

  
  

    
principles, and,
    

    

    

    

    

    

    

    

    

    

  
  

    
the rectification
    

    

    

    

    

    

    

    

    

    

  
  

    
of any non-
    

    

    

    

    

    

    

    

    

    

  
  

    
compliances
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
Y
    
The compliances are checked
  
  

    

    

    

    

    

    

    

    

    

    

    
quarterly. And policies are updated
  
  

    

    

    

    

    

    

    

    

    

    

    
as and when required
  


11. Has the entity carried out independent assessment /evaluation of the working of its
policy by external agency (Yes/No). If yes, provide name of the agency


  

    
P1
    
P2
    
P3
    
P4
    
P5
    
P6
    
P7
    
P8
    
P9
  
  

    

  


12. If answer to Question (1) above is "No”

i.e., not all principles are covered by a policy, reasons to be stated-

Not applicable

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

This section is aimed at helping entities demonstrate their performance in integrating
the Principles and Core Elements with key processes and decisions. The information sought
is categorized as "Essential” and "Leadership”. While the essential
indicators are expected to be disclosed by every entity that is mandated to file this
report, the leadership indicators

The Company has not carried out independent audit / evaluation of working of the BR
Policy by an internal or external agency as of now. However, our internal control
procedures ensure periodic assessment of our operations to verify compliance to our
policies and applicable regulations

may be voluntarily disclosed by entities which aspire to progress to a higher level in
their quest to be socially, environmentally and ethically responsible.


Principle 1: Businesses should conduct and govern themselves with integrity and in a
manner that is Ethical, Transparent and accountable.


Essential Indicators

1.Percentage coverage by training anc awareness programmes on any of the principles
during the financial year:


  

    
Segment
    
Total Number of training and awareness programmes held
    
Topics/principles covered under the training and its impact
    
% age of persons in respective category covered by the awareness programmes
  
  

    
Board of Directors
    
4 (as part of Board
    
Updates and
    

  
  

    

    
meetings)
    
awareness related to
    

  
  

    

    

    
regulatory changes
    

  
  

    

    

    
are conducted for the
    
100%
  
  

    

    

    
Board of Directors &
    

  
  

    

    

    
KMPs. Topics covered
    

  
  

    

    

    
includes:
    

  
  

    
Key Managerial
    

    
1) Corporate
    

  
  

    
Personnel
    

    
Governance
    

  
  

    

    

    
2) Companies Act and
    

  
  

    

    

    
rules
    

  
  

    

    

    
3) SEBI Regulations
    

  
  

    
Employees other
    
Multiple
    
Our employees
    
More than 90%
  
  

    
than BOD and KMPs
    

    
receive multiple
    

  
  

    

    

    
training throughout
    

  
  

    

    

    
the year on topics
    

  
  

    

    

    
such as - Health
    

  
  

    

    

    
and Safety Trainings,
    

  
  

    

    

    
Anti-corruption
    

  
  

    

    

    
and bribery topics,
    

  
  

    

    

    
Prevention of Sexual
    

  
  

    

    

    
harassment topics,
    

  
  

    

    

    
Energy efficiency etc.
    

  
  

    
Workers
    
Multiple
    
Our workers receive
    
More than 90%
  
  

    

    

    
multiple training
    

  
  

    

    

    
throughout the
    

  
  

    

    

    
year on topics such
    

  
  

    

    

    
as - Health and
    

  
  

    

    

    
Safety Trainings,
    

  
  

    

    

    
Anti-corruption
    

  
  

    

    

    
and bribery topics,
    

  
  

    

    

    
Prevention of Sexual
    

  
  

    

    

    
harassment topics
    

  


2.Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount
paid in proceedings (by the entity or by directors / KMPs) with regulators/ law
enforcement agencies/ judicial institutions, in the financial year, in the following
format:

The Company had no monetary and non-monetary fines/penalties/punishment/award/
compounding fees/settlement amount paid in proceedings (by the entity or by directors/
KMPs) with regulators/law enforcement agencies/judicial institutions in the financial year
based on materiality thresholds

Monetary


  

    

    
NGRBCPrinciple
    
Name of the regulatory/ enforcement agencies/ judicial institutions
    
Amount (in INR)
    
Brief of the case
    
Has an Appeal beenpreferred?
(Yes/No)
  
  

    
Penalty/fine
    

  
  

    
Settlement
    
Nil
  
  

    
Compounding fee
    

  


Non monetary


  

    

    
NGRBC
Principle
    
Name of the regulatory/ enforcement agencies/ judicial institutions
    
Amount (in INR)
    
Brief of the case
    
Has an Appeal been
preferred?
    
(Yes/No)
  
  

    
Imprisonment
    
Nil
  
  

    
Punishment
  


3.Of the instances disclosed in Question 2 above, details of the Appeal/ Revision
preferred in cases where monetary or non-monetary action has been appealed:

Not applicable

4.Does the entity have an anti-corruption or anti-bribery policy? If yes, provide
details in brief and if available, provide a web-link to the policy.

Yes, The Company has 'zero tolerance' of any practice that may be classified as
corruption, bribery or giving or receipt of bribes. The objective of this policy is to
serve as a guide for all directors, executives, employees and associated persons for
ensuring compliance with applicable anti-bribery laws, rules and regulations. This policy
is applicable to all individuals working at all levels

and grades, including Board Members and Senior Managerial Personnel, other employees,
consultants, interns, contractors, agency staff, agents or any other person associated
with the Company and such person acting on behalf of the Company. Refer following link for
accessing Code of conducts which contains anti-bribery clause https://www.satiagroup.com/
companys-policy/

5.Number of Directors/KMPs/employees /workers against whom disciplinary action was
taken by any law enforcement agency for the charges of bribery/ corruption:

There have been no cases involving disciplinary action taken by any law enforcement
agency on the charges of

bribery / corruption against directors / KMPs / employees / workers that have been
brought to the Company's attention.


  

    

    
FY22-23 (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    
Directors
    

    

  
  

    
KMPs
    
Nil
    
Nil
  
  

    
Employees
    

    

  
  

    
Workers
    

    

  


6.Details of complaints with regards to conflict of interest:


  

    

    
FY22-23
(Current Financial Year)
    
FY21-22
(Previous Financial Year)
  
  

    

    
Number Remarks
    
Number Remarks
  
  

    
Number of
    
Nil
    
Nil
  
  

    
complaints
    

    

  
  

    
received in
    

    

  
  

    
relation to
    

    

  
  

    
issues of
    

    

  
  

    
Conflict of
    

    

  
  

    
interest of
    

    

  
  

    
Directors
    

    

  
  

    
Number of
    
Nil
    
Nil
  
  

    
complaints
    

    

  
  

    
received in
    

    

  
  

    
relation to
    

    

  
  

    
issues of
    

    

  
  

    
Conflict of
    

    

  
  

    
issues of
    

    

  
  

    
the KMPs
    

    

  


7. Provide details of any corrective action taken or underway on issues related to
fines/ penalties / action taken by regulators/ law enforcement agencies/ judicial
institutions, on cases of corruption and conflicts of interest.

Not applicable

LEADERSHIP INDICATORS

1. Awareness programmes conducted for value chain partners on any of the principles
during the financial year:


  

    
Total number
    
Topics/
    
% age of
  
  

    
of awareness
    
principles
    
value chain
  
  

    
programmes
    
covered
    
partners
  
  

    
held
    
under the
    
covered
  
  

    

    
training
    
(by value
  
  

    

    

    
of business
  
  

    

    

    
done
  
  

    

    

    
with such
  
  

    

    

    
partners)
  
  

    

    

    
under the
  
  

    

    

    
awareness
  
  

    

    

    
programmes
  
  

    
Nil
  


2.Does the entity have processes in place to avoid/ manage conflict of interests
involving members of the Board? (Yes/ No) If yes, provide details of the same.

Yes, all directors of the Company disclose his / her interest in the Company (ies) /
firm(s) / bodies corporate / other association of individuals and any changes therein,
annually or upon any change. Further, Directors of the Company also provide a declaration
under the Code of Business Conduct and Ethics confirming that there is no violation of the
said code which also covers the processes to avoid the instances of conflict of interest.
In the meeting of the Board, the Directors abstain from participating in the items in
which they are concerned or interested.


Principle 2: Businesses should provide goods and services in a manner that is
sustainable and safe


ESSENTIAL INDICATORS

1.Percentage of R&D and capital expenditure (capex) investments in specific
technologies to improve the environmental and social impacts of product and processes to
total R&D and capex investments made by the entity, respectively.


  

    
R&D
    
Current F Y FY22-23
    
Previous F Y FY21-22
    
Details of improvements in environmental and social impacts
  
  

    
Environmental and Social impact assessment is one of the key inputs for
    the new
  
  

    
Capex
    
product development/ process changes. Capital expenditure and R&D
    spends
  
  

    

    
incurred by the Company embeds cost incurred to mitigate environmental
    &
  
  

    

    
social hazards. These are inseparable cost of the projects and hence
    separately
  
  

    

    
identifying such cost is not feasible
  


2.a. Does the entity have procedures in

place for sustainable sourcing?

b.If yes, what percentage of inputs were sourced sustainably?

Yes, the business model of the Company has their roots in an agro-based economy which
leads to prosperity of farmers. Majority of the resources involved in our manufacturing
process are sourced sustainably. We aspire to associate with raw material vendors, who
comply with environment and labour laws. In addition, we encourage our vendors to be
mindful of responsible business conduct principles such as prevention of environmental
pollution, no child labour/forced labour, implementation of safety. Most of our raw
material vendors are located in proximity to our manufacturing units which helps to
minimize transportation and related GHG emissions. The Company procures its major raw
material requirement from within a radius of 150 kms of the plant.

3.Describe the processes in place to safely reclaim your products for reusing,
recycling and disposing at the end of life, for

(a) Plastics (including packaging) (b) E-waste (c) Hazardous waste and (d) other waste.

The Company does not have any specific product to reclaim at the end of life. Further,
no plastic waste is generated by Company. E-waste is disposed to

authorised recycler for end use. Hazardous waste generated is disposed to authorised
recycler for cardboard manufacturing.

4.Whether Extended Producer Responsibility (EPR) is applicable to the entity's
activities (Yes / No). If yes, whether the waste collection plan is in line with the
Extended Producer Responsibility (EPR) plan submitted to Pollution Control Boards? If not,
provide steps taken to address the same.

EPR is not applicable to us.

Leadership Indicators

1.Has the entity conducted Life Cycle Perspective / Assessments (LCA) for any of its
products (for manufacturing industry) or for its services (for service industry)? If yes,
provide details in the following format?

N o, Com p an y h as n ot con d u cte d li fe cycle perspective/assessments for any of
its products

2.If there are any significant social or environmental concerns and/or risks arising
from production or disposal of your products / services, as identified in the Life Cycle
Perspective / Assessments (LCA) or through any other means, briefly describe the same
along-with action taken to mitigate the same.

Our products are made from nonhazardous materials and we practice environment-friendly
manufacturing processes while ensuring compliance

with applicable regulations and laws. However, we recognize the importance of
understanding the impact of our products on environmental and social aspects.

3.Percentage of recycled or reused input material to total material (by value) used in
production (for manufacturing industry) or providing services (for service industry).


  

    
Table No. 3
  


 


  

    
Indicate input material
    
Recycled or re-used input material to total material
  
  

    

    
FY 22-23
    
FY 21-22
  
  

    
Waste paper
    
14.52%
    
12.53%
  


4. Of the products and packaging reclaimed at end of life of products, amount (in
metric tonnes) reused, recycled, and safely disposed, as per the following format:


  

    

    
FY22-23 (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    
Re-used
    
Re-cycled
    
Safely
Disposed
    
Re-used
    
Recycled
    
Safely
disposed
  
  

    
Plastics (including packaging) E-waste
    
Very small quantity of plastic is used in our packaging. Not applicable
    since no e-waste is generated
  
  

    
Hazardous Waste
    
Nil
    
Nil
    
3,824
metric
    
tonnes
    
Nil
    
Nil
    
2,660.75
metric
    
tonnes
  
  

    
Other Waste
    
Not applicable since no other waste is generated
  


5. Reclaimed products and their packaging materials (as percentage of products sold)
for each product category.


  

    

    
Indicate product category
    
Reclaimed products and their packaging materials as % of total products sold in
    respective category
  
  

    

    
We are not undertaking reclamation of our products as they have a long
    lifespan
  


Principle 3: Businesses should respect and promote the well-being of all employees,
including those in their value chains

Essential Indicators

1. a. Details of measures for the well-being of employees:


  

    

    

    
% of employees covered by
  
  

    
Category
    
Total
(A)
    
Health
insurance
    
Accident
insurance
    
Maternity
benefits
    
Pater
Bene
    
iity
fits
    
Day Care facilities
  
  

    

    

    
Number
(B)
    
% (B / A)
    
Number
(C)
    
% (C / A)
    
Number
(D)
    
% (D / A)
    
Number
(E)
    
% (E / A)
    
Number
(F)
    
% (F / A)
  
  

    
Permanent
employees
    
Male
    
533
    
533
    
100%
    
533
    
100%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    
Female
    
22
    
22
    
100%
    
22
    
100%
    
22
    
100%
    
0
    
0%
    
0
    
0%
  
  

    
Total
    
555
    
555
    
100%
    
555
    
100%
    
22
    
100%
    
0
    
0%
    
0
    
0%
  
  

    
Other than Permanent employees Male
    
0
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    
Female
    
0
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    
Total
    
0
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    

    

    

    

    

    

    

    

    

    

    

    

  


b. Details of measures for well-being of workers:


  

    
% of workers covered by
    
Total
(A)
    
Health
insurance
    
Accident
insurance
    
Maternity
benefits
    
Pater
Bene
    
nity
fits
    
Day Care facilities
  
  

    
category
    

    
Number
(B)
    
% (B / A)
    
Number
(C)
    
% (C / A)
    
Number
(D)
    
% (D / A)
    
Number
(E)
    
% (E / A)
    
Number
(F)
    
% (F / A)
  
  

    
Permanent
workers
    
Male
    
1,677
    
1,677
    
100%
    
1,677
    
100%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    
Female
    
3
    
3
    
100%
    
3
    
100%
    
3
    
100%
    
0
    
0%
    
0
    
0%
  
  

    
Total
    
1,680
    
1,680
    
100%
    
1,680
    
100%
    
3
    
100%
    
0
    
0%
    
0
    
0%
  
  

    
Other than Permanent workers
Male
    
0
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    
Female
    
0
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  
  

    
Total
    
0
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
    
0
    
0%
  


2. Details of retirement benefits, for Current FY and Previous Financial Year.


  

    
Benefits
    
FY 22-23
Current Financial Year
    
FY 21-22
Previous Financial Year
  
  

    
No. of employees covered as a % of total employees
    
No. of workers covered as a % of total workers
    
Deducted and deposited with the authority (Y/N/N.A)
    
No. of employees covered as a % of total employees
    
No. of workers covered as a % of total workers
    
Deducted and deposited with the authority (Y/N/N.A)
  
  

    
PF
    
100%
    
100%
    
Y
    
100%
    
100%
    
Y
  
  

    
Gratuity
    
100%
    
100%
    
Y
    
100%
    
100%
    
Y
  
  

    
ESI
    
All eligible employees are covered under ESI
    
Y
    
All eligible employees are covered under ESI
    
Y
  
  

    
Labour
welfare
    
fund
    
All eligible employees are covered under Labour welfare fund
    
Y
    
All eligible employees are covered under Labour welfare fund
    
Y
  


3.Accessibility of workplaces

Are the premises / offices of the entity accessible to differently abled employees and
workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If
not, whether any steps are being taken by the entity in this regard.

Yes, all the Company's permanent office buildings and manufacturing locations are
accessible to differently abled employees and workers, as per the requirements of the
Rights of Persons with Disabilities Act, 2016.

4.Does the entity have an equal opportunity policy as per the Rights of Persons with
Disabilities Act, 2016? If so, provide a web-link to the policy.

Yes, the Company has Equal Opportunity Policy as per the Rights of Persons with
Disabilities Act, 2016. This policy can be accessed through the link
https://www.satiagroup.com/ companys-policy/

Return to work and Retention rates of permanent employees and workers that took
parental leave.


  

    
'-'—'-A v •
    

    

    

    

  
  

    
Gender
    
Permanent employees
    
Permanent workers#
  
  

    

    
Return to work rate (%)
    
Retention rate (%)
    
Return to work rate
    
Retention rate
  
  

    
Male
    
100%
    
100%
    
100%
    
100%
  
  

    
Female
    
100%
    
100%
    
100%
    
100%
  
  

    
Total
    
100%
    
100%
    
100%
    
100%
  


5.Is there a mechanism available to receive and redress grievances for the following
categories of employees and worker? If yes, give details of the mechanism in brief.


  

    
Yes/No (If Yes, then give details of the mechanism in brief)
  
  

    
Permanent Workers
    
Yes. Grievance redressal mechanism is available at factory.
  
  

    
Other than Permanent
    
Grievances can be raised through e-mails and all the
  
  

    
Workers
    
grievances that are received through different platforms
  
  

    
Permanent Employees
    
are directed to Grievance Management Committee.
  
  

    
Other than Permanent
    
The grievances ca n be also raised through whistle-blower
  
  

    
Employees
    
system.
  


6.Membership of employees and worker in association(s) or Unions recognised by the
listed entity:

Employees and workers are not members of any association(s) or Unions.

7.Details of training given to employees and workers:


  

    
Category
    
FY 22-23
Current Financial Year
    
FY 21-22
Previous Financial Year
  
  

    
Total
(A)
    
On Health and safely measures
    
On Skill upgradation
    
Total
(D)
    
On Health and safely measures
    
On Skill upgradation
  
  

    
No. (B) % (B / A)
    
NO. (C) % (C / A)
    
No. (E) % (E / (E) A)
    
No. (F) % (F / d)
  
  

    
Employees
Male
    
Female
    
533
22
    
533 100% 22 100%
    
25 4.69% 1 4.55%
    
In Financial Year 2021 - 22, on account of restrictions due to
    COVID 19 Pandemic, physical gathering of people was prohibited. Lots of virtual trainings
    got conducted during the said financial year 2020-21.
  
  

    
Total
    
555
    
555 100%
    
26 4.68%
  
  

    
Workers
Male
    
Female
    
1,677
3
    
1,677 100% 3 100%
    
514 30.65% - 0%
  
  

    
Total
    
1,680
    
1,680 100%
    
514 30.65%
  
  

    

  


8. Details of performance and career development reviews of employees and worker:


  

    
Category
    
FY22-23 (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    

    
Total (A)
    
No. (B)
    
% (B / A)
    
Total(C)
    
No. (D)
    
%(D/C)
  
  

    
Employees
    

    

    

    

    

    

  
  

    
Male
    
533
    
533
    
100%
    
431
    
431
    
100%
  
  

    
Female
    
22
    
22
    
100%
    
16
    
16
    
100%
  
  

    
Workers
    

    

    

    

    

    

  
  

    
(Permanent
    

    

    

    

    

    

  
  

    
Workers only)
    

    

    

    

    

    

  
  

    
Male
    
1,677
    
1,677
    
100%
    
1,326
    
1,326
    
100%
  
  

    
Female
    
3
    
3
    
100%
    
3
    
3
    
100%
  


All the employees undergo Performance and Career Development reviews. Discussions are
carried out annually and feedback for development is provided.

9.Health and safety management system:

a.Whether an occupational health and safety management system has been implemented
by the entity? (Yes/No). If yes, the coverage of such system?



Yes, occupational health and safety management system has been implemented by the
entity. The Company is certified under Occupational Health and Safety Management System
Certificate OHSAS 45001.2018. The coverage is 100% and includes all employees and workers.
Company has made Safety committee covering entire area of Plant. Safety committees are
segregated on the basis of different zones. Company also has 'On-site' and 'Off-site'
Emergency Plan.

b.What are the processes used to identify work-related hazards and assess risks on a
routine and nonroutine basis by the entity?



We conduct regular site inspections to ensure all safety procedures are

being followed. Subsequently, we encourage our employees and workers to report any
unsafe conditions or unsafe acts or near miss incidents promptly to the Safety committee
teams to ensure corrective action in timely manner

c.Whether you have processes for workers to report work related hazards and to
remove themselves from such risks.



Yes. All workers are permitted to work only after they are given safety briefing on the
activities to be performed. Workers are encouraged to report any work related hazard
through internal communication. All work hazard reported are actioned upon by Safety
committee teams.

d.Do the employees/workers of the entity have access to nonoccupational medical and
healthcare services?



Yes, non-occupational medical and healthcare services are available for both employees
and workers.

10.Details of safety related incidents, in


the following format:



  

    
Safety Incident/Number
    
Category
    
FY22-23 Current Financial Year
    
FY21-22 Previous Financial Year
  
  

    
Lost Time Injury Frequency Rate (LTIFR) (per one million-person hours worked)
    
Employees
Workers
    
461.5
    
295.8
  
  

    
Total recordable work-related injuries
    
Employees
    
0
    
0
  
  

    

    
Workers
    
7
    
6
  
  

    
No. of fatalities
    
Employees
    
0
    
0
  
  

    
High consequence work-related injury
    
Workers
    
0
    
0
  
  

    
or
    
Employees
    
0
    
0
  
  

    
ill-health (excluding fatalities)
    
Workers
    
0
    
0
  



11.Describe the measures taken by the entity to ensure a safe and healthy workplace.


Within respective departments, daily training is imparted by Safety Supervisors/Safety
Officers. Further, thorough investigation is undertaken for

each accident/mishap occurring within the factory premises. Results of said
investigation is then discussed in Safety committee meetings to ensure that such
mishaps/accidents are avoided in future.


12.Number of Complaints on the following made by employees and workers:



  

    

    

    
FY 22-23
    

    

    
FY 21-22
    

  
  

    
Benefits
    
Current Financial Year
    
Previous Financial Year
  
  

    

    
Filed during the year
    
Pending resolution at the end of year
    
Remarks
    
Filed during the year
    
Pending resolution at the end of year
    
Remarks
  
  

    
Working
Conditions
    
Nil
    
Nil
    

    
Nil
    
Nil
    

  
  

    
Health & safety
    
Nil
    
Nil
    

    
Nil
    
Nil
    

  


13. Assessments for the year:


  

    

    
% of your plants and offices that were assessed (by entity or statutory authorities or
    third parties)
  
  

    
Health and safety practices Working Conditions
    
100%
Scheduled visits are conducted by Assistant Labour Commissioner and Deputy
    Director of Factory whereby health and safety practices implemented in the Company are
    reviewed. No adverse findings have been identified from aforesaid assessments
  


14. Provide details of any corrective action taken or underway to address

safety-related incidents (if any) and on significant risks / concerns arising from

assessments of health & safety practices and working conditions.

Not applicable since no significant risks/ concerns have arisen out of scheduled visits
conducted by Assistant Labour Commissioner and Deputy Director of Factory.

LEADERSHIP INDICATORS


1.Does the entity extend any life insurance or any compensatory package in the event of
death of (A) Employees (B) Workers


Yes, In the unfortunate event of death of an employee including workers, the Company
extends financial support to family members of the employment through insurance policy

2.Provide the measures undertaken by the entity to ensure that statutory dues have been
deducted and deposited by the value chain partners.

The Company ensures that all applicable statutory dues payable by service
providers/contractors for their employees are deposited on time and in full through a
process of periodic controls. These transactions are reviewed by our internal teams and
external auditors. The Company expects its value chain partners to uphold business
responsibility principles and values of transparency and account ability.

3.Provide the number of employees / workers having suffered high consequence work-
related injury / ill- health / fatalities (as reported in Q11 of Essential Indicators
above), who have been rehabilitated and placed in suitable employment or whose family
members have been placed in suitable employment:


  

    
Benefits
    
Total no. of affected employees/workers
    
No. of employees/workers that are rehabilitated and placed in suitable
    employment or whose family members have been placed in suitable Employment
  
  

    

    
FY22-23 (Current FY)
    
FY21-22 (Previous FY)
    
FY22-23 (Current FY)
    
FY21-22 (Previous FY)
  
  

    
Employees
    
0
    
0
    
0
    
0
  
  

    
Workers
    
0
    
0
    
0
    
0
  


4.Does the entity provide transition assistance programmes to facilitate continued
employability and the management of career endings resulting from retirement or
termination of employment? Yes.

5.Details on assessment of value chain partners (Supply chain partners):


  

    

    
% of value chain partners (by value of business
  
  

    

    
done with such partners) that were assessed
  
  

    
Health and safety practices
    
We expect all our value chain partners to follow
  
  

    
Working Conditions
    
applicable regulations and laws, including those
  
  

    

    
related to health and safety practices and working
  
  

    

    
conditions
  


6.Provide details of any corrective actions taken or underway to address significant
risks / concerns arising from assessments of health and safety


practices and working conditions of value chain partners.


Not applicable since no significant risks/concerns have been bought to our attention


Principle 4: Businesses should respect the interests of and be responsive to all its
stakeholders


Essential Indicators

1.Describe the processes for identifying key stakeholder groups of the entity.


Company's key stakeholders includes those who impact Company's value chain ability and
those who can be potentially affected by our business activities:



  

    
Stakeholder Group
    
Basis of Identification
  
  

    
Shareholders and Investors
    
Shareholders and Investors are directly impacted
  
  

    

    
by the organisation's business activities. They also
  
  

    

    
play an important role through exercise of their
  
  

    

    
voting rights with respect to important plans of the
  
  

    

    
Company.
  
  

    
Government
    
Government (central and state) orders make up
  
  

    

    
significant chunk of the Company's current order
  
  

    

    
book. In addition to providing the business, they
  
  

    

    
also determine policies for various areas as well as
  
  

    

    
determine the future plans for various sectors.
  
  

    
Customers
    
Many of them are long-term clients which offer
  
  

    

    
repeat business over period of years and also act
  
  

    

    
as partners in developing new solutions or business
  
  

    

    
offerings.
  
  

    
Employees and Workforce
    
Employees and workforce contribute directly
  
  

    

    
to organisation's day to day operations and are
  
  

    

    
impacted by it
  
  

    
Regulatory bodies
    
Company's business activities are governed by
  
  

    

    
specific regulatory bodies.
  
  

    
Media
    
Media acts as important channel of communication
  
  

    

    
of Company's performance, policies and plans. They
  
  

    

    
also help in reverse loop in highlighting concerns or
  
  

    

    
issues related to the Company. In order to ensure that
  
  

    

    
there are no gaps in communication, engagement
  
  

    

    
with media entities is a continuous process.
  
  

    
Communities
    
Communities are directly impacted through our CSR
  
  

    

    
interventions and are also indirectly impacted
  
  

    
Suppliers/contractors
    
Company's business has significant dependence
  
  

    

    
on supply chain partners for sourcing of key raw
  
  

    

    
materials and for outsourcing of business activities.
  
  

    

    
To maintain sustainable growth, these partners are
  
  

    

    
key elements.
  
  

    

    

  



2.List stakeholder groups identified as key for your entity and the frequency of
engagement with each stakeholder group.



  

    
Stakeholder Group
    
Whether identified
    
Channels of
    
Frequency of
    
Purpose and
  
  

    

    
as Vulnerable &
    
communication
    
engagement
    
scope of
  
  

    

    
Marginalised Group
    

    

    
engagement
  
  

    

    
(Yes/No)
    

    

    
including key
  
  

    

    

    

    

    
topics and
  
  

    

    

    

    

    
concerns
  
  

    

    

    

    

    
raised
  
  

    

    

    

    

    
during such
  
  

    

    

    

    

    
engagement
  
  

    
Shareholders and
    
No
    
Press Releases,
    
As and when
    
To understand
  
  

    
investors
    

    
email ID
    
required
    
their need and
  
  

    

    

    
for Investor
    

    
expectation
  
  

    

    

    
Grievances,
    

    
which are
  
  

    

    

    
Quarterly
    

    
material to
  
  

    

    

    
Results, Annual
    

    
the Company.
  
  

    

    

    
Reports, AGM
    

    
Key topics are
  
  

    

    

    
(Shareholders
    

    
company's
  
  

    

    

    
interaction),
    

    
financial and
  
  

    

    

    
Quarterly investor
    

    
operational
  
  

    

    

    
presentation,
    

    
performance.
  
  

    

    

    
Investors meets,
    

    

  
  

    

    

    
stock exchange
    

    

  
  

    

    

    
filings and
    

    

  
  

    

    

    
corporate website.
    

    

  
  

    
Media
    
No
    
Press Releases,
    
As and when
    
Performance
  
  

    

    

    
Quarterly
    
required
    
reporting,
  
  

    

    

    
Results, Annual
    

    
good
  
  

    

    

    
Reports, AGM
    

    
practices,
  
  

    

    

    
(shareholders
    

    
show cases,
  
  

    

    

    
interaction),
    

    
awards and
  
  

    

    

    
Access
    

    
achievements,
  
  

    

    

    
information
    

    
initiatives etc
  
  

    

    

    
and media
    

    
are discussed
  
  

    

    

    
interactions
    

    
and reported
  
  

    
Customers
    
No
    
Business
    
As and when
    
Customer
  
  

    

    

    
interactions
    
required
    
satisfaction
  
  

    

    

    

    

    
and feedback.
  
  

    

    

    

    

    
Project
  
  

    

    

    

    

    
delivery,
  
  

    

    

    

    

    
timeline,
  
  

    

    

    

    

    
challenges
  
  

    

    

    

    

    
that are
  
  

    

    

    

    

    
faced during
  
  

    

    

    

    

    
execution.
  


 


  

    
Government and
    
No
    
Written
    
As and when
  
  

    
regulatory authori-
    

    
communications,
    
required
  
  

    
ties
    

    
specific meetings
    

  
  

    

    

    
with regulatory
    

  
  

    

    

    
authorities
    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    
Employees
    
No
    
i) Circular and
    
As and when
  
  

    

    

    
messages from
    
required
  
  

    

    

    
corporate and
    

  
  

    

    

    
line management
    

  
  

    

    

    
ii) Corporate
    

  
  

    

    

    
social initiatives
    

  
  

    

    

    
iii) Welfare
    

  
  

    

    

    
initiatives for
    

  
  

    

    

    
employee and
    

  
  

    

    

    
their families
    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    
Suppliers/ con-
    
No
    
Regular supplier
    
As and when
  
  

    
tractors
    

    
and dealer meets
    
required
  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    

    

    

    

  
  

    
Community
    
Information not
    
CSR initiatives
    
As and when
  
  

    

    
available
    

    
required
  
  

    

    

    

    

  
  

    

    

    

    

  



Leadership Indicators


1.Provide the processes for consultation between stakeholders and the Board on
economic, environmental, and social topics or if consultation is delegated, how is
feedback from such consultations provided to the Board.

We view our stakeholders as long-term value creators and recognise stakeholder

engagement process as necessary for achieving the goal of inclusive growth.
Stakeholders engagement helps in better understanding the key issues, minimising risks,
setting priorities, improving credibility and building a mutually strong relationship.

Our engagement with our broader stakeholder community is undertaken

by respective functions in consultation with the leadership team and overseen by the
BRSR Committee. Feedback from different stakeholder groups on environmental, social or
economic topics is shared with the BRSR Committee of the Board. We also have a CSR
Committee to review, monitor, and provide strategic direction to our CSR practices and
social initiatives

2.Whether stakeholder consultation is used to support the identification and
management of environmental, and social topics (Yes / No). If so, provide details of
instances as to how the inputs received from stakeholders on these topics were
incorporated into policies and activities of the entity.



Yes, outcome of the stakeholder engagement exercise are taken forward to identify
material topic of concern on sustainability for the Company. Based on these material
topics of significance to the Company, further strategy development, policy setting, if
required, objectives and goal setting with monitoring mechanism are developed and
implemented.

3.Provide details of instances of engagement with, and actions taken to, address the
concerns of vulnerable/ marginalized stakeholder groups.



There are no identified disadvantaged, vulnerable & marginalized stakeholders


Principle 5: Businesses should respect and

promote human rights

Essential Indicators

1. Employees and workers who have been provided training on human rights issues and
policy(ies) of the entity, in the following format:



  

    

    
FY 22-23 
(Current Financial Year)
    

    

    

    
FY 21-22 
(Previous Financial Year)
    

  
  

    
Category
    
Total (A)
    
No. of employee/ workers covered (B)
    
% (B / A)
    
Total (C)
    
No. of employee/ workers covered (D)
    
% (D / C)
  
  

    
Employees
    

    

    

    

    

    

  
  

    
Permanent
    
555
    
555
    
100%
    
447
    
447
    
100%
  
  

    
Other than permanent
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Total Employees
    
555
    
555
    
100%
    
447
    
447
    
100%
  
  

    
Workers
    

    

    

    

    

    

  
  

    
Permanent
    
1,680
    
1,680
    
100%
    
1,329
    
1,329
    
100%
  
  

    
Other than permanent
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Total Workers
    
1,680
    
1,680
    
100%
    
1,329
    
1,329
    
100%
  


2. Details of minimum wages paid to employees and workers, in the following format:


  

    

    

    

    
FY 22-23
    

    

    

    
FY 21-22
    

    

    

  
  

    

    

    
Current Financial Year
    

    
Previous Financial Year
    

    

    

    

    

    

  
  

    
Category
    
Total(A)
    
Equal to minimum wage
    
More than Minimum Wage
    
Total(D)
    

    
Equal to minimum wage
    
More than Minimum
    
Wage
    

    

  
  

    

    

    
No.
    
%
    
No.
    
%
    

    
No.
    
%
    
No.
    
%
  
  

    

    

    
(B)
    
(B / A)
    
(C)
    
(C / A)
    

    
(E)
    
(E/D)
    
(F)
    
(F/D)
  
  

    
Employees 
Permanent
    
554
    
15
    
2.71
    
539
    
97.29
    
445
    
10
    
2.25
    
435
    
97.75
  
  

    
Male
    
532
    
15
    
2.82
    
517
    
97.18
    
423
    
10
    
2.36
    
413
    
97.64
  
  

    
Female
    
22
    
-
    
-
    
22
    
100
    
22
    
-
    
-
    
22
    
100
  
  

    
Other than Permanent
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Male
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Female
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Workers 
Permanent
    
1,680
    
289
    
17.20
    
1,391
    
82.80
    
1,333
    
225
    
16.88
    
1,108
    
83.12
  
  

    
Male
    
1,677
    
289
    
17.23
    
1,388
    
82.77
    
1,330
    
225
    
16.92
    
1,105
    
83.08
  
  

    
Female
    
3
    
-
    
-
    
3
    
100
    
3
    
-
    
-
    
3
    
100
  
  

    
Other than Permanent
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Male
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Female
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  


3. Details of remuneration/salary/wages, in the following format:


  

    

    

    
Male
    

    
Female
  
  

    
Benefits
    
Number
    
Median remuneration/ salary/ wages of respective category (In Rupees)
    
Number
    
Median remuneration/ salary/ wages of respective category (In Rupees)
  
  

    
Board of Directors (BoD)
    
11
    
Rs. 23.01 Lakhs
    
appx.#
    
-
    
-
  
  

    
Key Managerial Personnel
    
3
    
Rs. 2.15 Lakhs
    
appx.
    
-
    
-
  
  

    
Employees other than BoD and KMP
    
549
    
Rs. 0.40 Lakhs
    
appx.
    
-
    
-
  
  

    
Workers
    
1,681
    
Rs. 17,700
    
appx.
    
-
    
-
  


# The median has been computed for 4 Board of Directors to whom major remuneration is
paid. Remaining Directors only receive the Director's sitting fees which doesn't form
significant proportion of overall Director remuneration

## Managing Director is included under

'BOD' and 'Key Management Personel'. However remuneration of managing director is only
included once under category of 'Board of Directors'.

4.Do you have a focal point (individual/ Committee) responsible for addressing human
rights impacts or issues caused or contributed to by the business?



Our Human Resources function is responsible for handling human rights related impacts
and issues arising from our operations. In addition, our Grievance redressal Committee is
also responsible for addressing any human rights issues arising out of our business.

5.Describe the internal mechanisms in place to redress grievances related to human
rights issues.



All grievances are addressed as and when received by the Grievance Redressal Committee.
All the grievances received are duly investigated and appropriate actions are taken to
resolve the issue/complaint. Whenever required, disciplinary actions are initiated as
deemed fit and assistance from regulatory authority is sought.

6. Number of Complaints on the following made by employees and workers:




  

    

    
FY 22-23
Current Financial Year
    
FY 21-22
Previous Financial Year
  
  

    
Benefits
    
Filed during the year
    
Pending resolution at the end of year
    
Remarks
    
Filed during the year
    
Pending resolution at the end of year
    
Remarks
  
  

    
Sexual Harassment
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Discrimination at workplace
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Child Labour
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Forced Labour/ Involuntary Labour
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
Wages
    
4
    
0
    
0
    
2
    
0
    
0
  
  

    
Other human
    

    

    

    

    

    

  


7.Mechanisms to prevent adverse consequences to the complainant in discrimination
and harassment cases.



The Company has a Whistle Blower Policy wherein the employees report, without fear of
retaliation, any wrong practices, unethical behaviour or non-compliance which may have a
detrimental effect on the organisation, including financial damage and impact on brand
image. Also, the Code of Conduct of the Company requires employees to behave responsibly
in their action and conduct. Apart from that, the Company has Committees at every

location for the protection of women at workplace to ensure their rights, receive
grievances, conduct investigation and to take actions.

8.Do human rights requirements form part of your business agreements and contracts?



We do not include the requirements in our contracts. However, we encourage our business
partners to adhere to responsible business practices and follow all applicable laws and
regulations

9.Assessments for the year




  

    

    
% of your plants and office that were assessed (by entity or
    statutory authorities or third parties)
  
  

    
Sexual Harrasment
    
100%
  
  

    

    
Scheduled visits are conducted by Assistant
  
  

    

    
Labour Commissioner ('ALC') and Deputy Director of Factory ('DDF')
    whereby health and safety practices implemented in the Company are reviewed. No reports on
    adverse findings have been communicated to us
  
  

    
Discrimination at workplace
    

  
  

    
Child Labor
    

  
  

    
Forced Labor/involuntary Labor
    

  
  

    
Wages
    

  
  

    
Human Rights Issues
    

  


10.Provide details of any corrective actions taken or underway to address
significant risks / concerns arising from the assessments at Question 9 above.



No significant risks /concerns have been communicated to us by ALC and DDF which
implies that there are no adverse findings arising out of aforesaid visits of ALC and DDF

Leadership Indicators

1.Details of a business process being modified / introduced as a result of
addressing human rights grievances/ complaints.



No complaint received in FY23 for human rights violation.

2.Details of the scope and coverage of any Human rights due-diligence conducted.



We have not conducted any formal due diligence procedures for human rights issues
during the year

However, we are an equal opportunity employer for all without any discrimination with
respect to caste, creed, gender, nationality, colour, race, religion, disability or sexual
orientation

3.Is the premise/office of the entity accessible to differently abled visitors, as per
the requirements of the Rights of Persons with Disabilities Act, 2016?

The permanent facilities and office buildings are accessible to differently abled
visitors, as per the requirements of the Rights of Persons with Disabilities Act, 2016.

4.Details on assessment of value chain partners:


  

    

    
% of Value chain partners (by value of business done with such partners) that were
    assessed
  
  

    
Sexual Harassment
    
We have not conducted any formal assessments of our value chain partners.
    The Company expects all value chain partners to adopt responsible
  
  

    
Discrimination at workplace
  
  

    
Child Labour
  
  

    
Forced labour/Involuntary Labour
    
business principles and comply with applicable laws and regulations in all
    our dealings
  
  

    
Wages
  
  

    
Others
    

  


5.Provide details of any corrective actions taken or underway to address significant
risks / concerns arising from the assessments at Question 4 above.

Not applicable


Principle 6: Businesses should respect and make efforts to protect and restore the
environment Essential Indicators


1. Details of total energy consumption (in Giga joules) and energy intensity, in the
following format:


  

    
Parameter
    
FY 22-23 (Current Financial Year)
    
FY 21-22 
(Previous Financial Year)
  
  

    
Total electricity consumption (A)
    
34,182
    
2,689
  
  

    
Total fuel consumption (B)
    
78,30,908
    
55,68,895
  
  

    
Energy consumption through other sources (C)
    
-
    
-
  
  

    
Total energy consumption (A+B+C)
    
78,65,090
    
55,71,584
  
  

    
Energy intensity per rupee of turnover (Total energy consumption/
    turnover in rupees)
    
0.0004175
    
6254
  
  

    
Energy intensity (optional) - the relevant metric may be selected by the
    entity
    

    

  


Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.

No.

2.Does the entity have any sites / facilities identified as designated consumers
(DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India?
(Y/N) If yes, disclose whether targets set under the PAT scheme have been achieved. In
case targets have not been achieved, provide the remedial action taken, if any.



The Company is a Designated Consumer under the Performance, Achieve and Trade (PAT)
Scheme of the Government of India.

In year 2014-15, the target for energy conservation set by Bureau of Energy Efficiency
(BEE), Govt. of India was 0.881 MTOE/Ton against which Company achieved 0.820 MTOE/Ton.
Similarly in year 2018-19,, Target set by BEE was 0.6585 MTOE/Ton against which Company
achieved 0.638 MTOE/Ton.

New target for Company is now set at 0.6151 MTOE/Ton in Year 2024-25.

3.Provide details of the following disclosures related to water, in the following
format:


  

    
Parameter
    
FY22-23 
(Current Financial Year)
    
FY21-22 
(Previous Financial Year)
  
  

    
Water withdrawal by source (in kilolitres)
    

    

  
  

    
(i) Surface water
    
74,24,910
    
53,94,353
  
  

    
(ii) Groundwater
    
-
    
-
  
  

    
(iii) Third party water
    
-
    
-
  
  

    
(iv) Seawater / desalinated water
    
-
    
-
  
  

    
(v) Others
    
-
    
-
  
  

    
Total volume of water withdrawal
    

    

  
  

    
(in kilolitres) (i + ii + iii + iv + v)
    
74,24,910
    
53,94,353
  
  

    

    

    

  
  

    
Total volume of water consumption (in kilolitres)
    

    
74,24,910
  
  

    
Water intensity per rupee of turnover (Water
    

    

  
  

    
consumed / turnover)
    

    
0.00039
  
  

    
Water intensity (optional) - the relevant metric
    

    

  
  

    
may be selected by the entity
    

    
-
  


Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.

No

4.Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide
details of its coverage and implementation.



The industry is disposing all of its treated effluent onto land for Eucalyptus

Plantation. No effluent is discharged in any water body.

5.Please provide details of air emissions (other than GHG emissions) by the entity,
in the following format:




  

    
Parameter
    
Unit
    
FY22-23
    
FY21-22
  
  

    

    

    
(Current Financial
    
(Previous Financial
  
  

    

    

    
Year)
    
Year)
  
  

    
NOx
    
mg/Nm3
    
67.81
    
66.43
  
  

    
Sox
    
mg/ Nm3
    
-
    
-
  
  

    
Particulate matter (PM)
    
mg/Nm3
    
34.77
    
45.79
  
  

    
Persistent organic pollutants (POP)
    
-
    
-
    
-
  
  

    
Volatile organic compounds (VOC)
    
-
    
-
    
-
  
  

    
Hazardous air pollutants (HAP)
    
-
    
-
    
-
  
  

    
Others - (ODS)
    
-
    
-
    
-
  



Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.


No

6.Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) &
its intensity in the following format:




  

    
Parameter
    
Unit
    
FY22-23 (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    
Total Scope 1 emissions (Break-up of
    
Tonnes of CO2
    

    

  
  

    
the GHG into CO2, CH4, N2O, HFCs,
    
equivalent
    
2,492.54#
    
916.53#
  
  

    
PFCs, SF6, NF3, if available
    

    

    

  
  

    
Total Scope 2 emissions (Break-up
    
Tonnes of CO2
    
7,501.06
    
590.13
  
  

    
of the GHG into CO2, CH4, N2O, HFCs,
    
equivalent
    

    

  
  

    
PFCs, SF6, NF3, if available)
    

    

    

  
  

    
Total Scope 1 and Scope 2 emissions
    

    

    

  
  

    
per rupee of turnover
    

    
0.0000005305
    
0.0000001676
  
  

    

    

    
tonnes of CO2
    
tonnes of CO2
  
  

    

    

    
equivalent per
    
equivalent per
  
  

    

    

    
rupee
    
rupee
  



# Separate disclosure required as per GRI 305 : Emissions 2016 - Biogenic emission of
CO2 from the combustion of biomass such as rice husk, rice straw and Black liquor is
3,72,054.79 tonnes of CO2 equivalent and 2,71,755.57 tonnes of CO2 equivalent in FY
2022-23 and FY 2021-22 respectively.


Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.

No

7.Does the entity have any project related to reducing Green House Gas emission? If
yes, then provide details.



The Company has inhouse PCC plant in which the Carbon dioxide released due to burning
of fuel in the boilers is captured and used as raw material in PCC production, thus
reducing approx. 20,000 metric tonnes of CO2 emission per year

8.Provide details related to waste management by the entity, in the following
format:




  

    
Parameter
    
FY22-23 (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    
Total Waste generated (in metric tonnes)
    

    

  
  

    
Plastic waste (A)
    
-
    
-
  
  

    
E-waste (B)
    
-
    
-
  
  

    
Bio-medical waste (C)
    
-
    
-
  
  

    
Construction and demolition waste (D)
    
-
    
-
  
  

    
Battery waste (E)
    
-
    
-
  
  

    
Radioactive waste (F)
    
-
    
-
  
  

    
Other Hazardous waste. Please specify, if any. (G)
    
3,824
    
2,660.75
  
  

    
Other Non-hazardous waste generated (H). Please
    

    

  
  

    
specify, if any. (Break-up by composition i.e. by
    
-
    
-
  
  

    
materials relevant to the sector)
    

    

  
  

    
Total (A+B + C + D + E + F + G + H)
    
3,824
    
2,660.75
  
  

    
For each category of waste generated, total waste
    

    

  
  

    
recovered through recycling, re-using or other
    

    

  
  

    
recovery operations (in metric tonnes)
    

    

  
  

    
Category of waste (i) Recycled
    
Nil
    
Nil
  
  

    
(ii) Re-used
    
Nil
    
Nil
  
  

    
(iii) Other recovery operations
    
Nil
    
Nil
  
  

    
Total
    
Nil
    
Nil
  
  

    
For each category of waste generated, total waste
    

    

  
  

    
disposed by nature of disposal method (in metric
    

    

  
  

    
tonnes)
    

    

  
  

    
Category of waste
    

    

  
  

    
(i) Incineration
    
Nil
    
Nil
  
  

    
(ii) Landfilling
    
Nil
    
Nil
  
  

    
(iii) Other disposal operations : Sold to authorised
    

    

  
  

    
recycler for cardboard manufacruring
    
3,824
    
2,660.75
  
  

    
Total
    
3,824
    
2,660,75
  


Note: Indicate it any independent assessment/ evaluation/assurance has been carried out
by an external agency? (y/n) If yes, name of the external agency.

No.

9.Briefly describe the waste management practices adopted inyour establishments.
Describe the strategy adopted by your company to reduce usage of hazardous and toxic
chemicals in your products and processes and the practices adopted to manage such wastes.

No hazardous or toxic chemicals used within the industry. the hazardoues waste of Cat
32.3 is disposed to authorised recycler for cardboard manufacturing. The authorised
recycler manages the waste as per the SPCB guidelines.

10.If the entity has operations/offices

in/aroundecologicallysensitive

areas (such as national parks, wildlife sanctuaries, biospherereserves,

wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where
environmental approvals / clearances are required, please specify details in the following
format:

Not applicable since Entity doesn't have any operations/offices in/around ecologically
sensitive areas

11.Details of environmental impact assessments of projects undertaken by the entity
based on applicable laws, in

the current financial year:

The Company has not conducted any environmentalimpactassessments

(EIA) of projects or industrial facility in FY23.

12.Is the entity compliant with the applicable environmental law/ regulations/
guidelines in India; such as the Water (Prevention and Control of Pollution) Act, Air
(Prevention and Control of Pollution) Act, Environment protection act and rules thereunder
(Y/N).

Yes. All the Company projects and industrial facilities follow the applicable
environmentallaw/regulations/

guidelines in India, such as the Water (Prevention and Control of Pollution) Act, Air
(Prevention and Control of Pollution) Act, Environment Protection Act and rules
thereunder.

13.If not, provide details of all such noncompliances, in the following format:

Not applicable.

Leadership Indicators

1. Provide break-up of the total energy consumed (in Giga joules) from renewable and
non-renewable sources, in the following format:


  

    
Parameter
    
FY22-23 (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    
From renewable sources
    

    

  
  

    
Total electricity consumption (A)
    
0
    
0
  
  

    
Total fuel consumption (B)
    
78,30,879
    
55,68,888
  
  

    
Energy consumption through other sources (C)
    
0
    
0
  
  

    
Total energy consumed from renewable sources
    

    

  
  

    
(A+B+C)
    
78,30,879
    
55,68,888
  
  

    
From non-renewable sources
    

    

  
  

    
Total electricity consumption (D)
    
34,182
    
2,689
  
  

    
Total fuel consumption (E)
    
-
    
-
  
  

    
Energy consumption through other sources (F)
    
0
    
0
  
  

    
Total energy consumed from non-renewable sources
    

    

  
  

    
(D+E+F)
    
34,210
    
26.96
  


Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.

No.

2. Provide the following details related to water discharged:


  

    
Parameter
    
FY 22-23
    
FY 21-22
  
  

    

    
(Current Financial Year)
    
(Previous Financial Year)
  
  

    
Water discharge by destination and level of treatment
    

    

  
  

    
(in kilolitres)
    

    

  
  

    
(i) To Surface water
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of Treatment
    
-
    
-
  
  

    
(ii) To Groundwater
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of Treatment
    
-
    
-
  
  

    
(iii) To Seawater
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of Treatment
    
-
    
-
  
  

    
(iv) Sent to third-parties
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of treatment
    
-
    
-
  
  

    
(v) Others
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of Treatment*
    
64,08,692
    
47,08,295
  
  

    
Total water discharged (in kilolitres)
    
64,08,692
    
47,08,295
  


* Level of treatment : Effluent Treatment plant with two stage activated sludge process
to treat the effluent to prescribed standards set by SPCB before discharge

Note:Indicate if any independent

assessment/evaluation/assurance has been carried out by an external agency? (Y/N) If
yes, name of the external agency.

No.

3.Water withdrawal, consumption and discharge in areas of water stress (in kilolitres):
Not applicable

(i)Name of the area

(ii)Nature of operations

(iii)Water withdrawal, consumption and discharge in the following format:


  

    
Parameter
    
FY 22-23 (Current Financial Year)
    
FY 21-22 (Previous Financial Year)
  
  

    
Water withdrawal by source (in kilolitres)
    

    

  
  

    
(i) Surface water
    
-
    
-
  
  

    
(ii) Groundwater
    
-
    
-
  
  

    
(iii) Third party water
    
-
    
-
  
  

    
(iv) Seawater / desalinated water
    
-
    
-
  
  

    
(v) Others
    
-
    
-
  
  

    
Total volume of water withdrawal (in kilolitres)
    
-
    
-
  
  

    
Total volume of water consumption (in kilolitres)
    
-
    
-
  
  

    
Water intensity per rupee of turnover (Water consumed/ turnover)
    
-
    
-
  
  

    
Parameter
    
FY 22-23
    
FY 21-22
  
  

    

    
(Current Financial
    
(Previous Financial
  
  

    

    
Year)
    
Year)
  
  

    
Water intensity (optional) - the relevant metric
    

    

  
  

    
may be selected by the
    
-
    
-
  
  

    
Entity
    

    

  
  

    
Water discharge by destination and level of
    

    

  
  

    
treatment (in kilolitres)
    

    

  
  

    
(i) Into Surface water
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of treatment
    
-
    
-
  
  

    
(ii) Into Groundwater
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of treatment
    
-
    
-
  
  

    
(iii) Into Seawater
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of treatment
    
-
    
-
  
  

    
(iv) Sent to third-parties
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of treatment
    
-
    
-
  
  

    
(v) Others
    

    

  
  

    
- No treatment
    
-
    
-
  
  

    
- With treatment - please specify level of treatment
    
-
    
-
  
  

    
Total water discharged (in kilolitres)
    
-
    
-
  


Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.

Not applicable

4. Please provide details of total Scope 3 emissions & its intensity, in the
following format:


  

    
Parameter
    
Unit
    
FY22-23# (Current Financial Year)
    
FY21-22 (Previous Financial Year)
  
  

    
Total Scope 3 emissions (Break-up of
    

  
  

    
the GHG into CO2, CH4, N2O, HFCs,
    

  
  

    
PFCs, SF6, NF3, if available)
    

  
  

    
Total Scope 3 emissions per rupee of
    

  
  

    
turnover
    

  
  

    
Total Scope 3 emission intensity
    

  
  

    
(optional) - the relevant metric may be
    

  
  

    
selected by the entity
    

  


Note: Indicate if any independent assessment/ evaluation/assurance has been carried out
by an external agency? (Y/N) If yes, name of the external agency.

No.

5.With respect to the ecologically sensitive areas reported at Question 10 ofEssential
Indicators above, provide details of significant direct & indirect impact of the
entity on biodiversity in such areas along-with prevention and remediation activities.

Not applicable since Company's premises are not situated near ecologically sensitive
areas

6.If the entity has undertaken any specific initiatives or used innovative technology
or solutions to improve resource efficiency, or reduce impact due to emissions/effluent
discharge/ waste generated, please provide details of the same as well as outcome of such
initiatives, as per the following format:

Refer the annexure to Board's report on Conservation of Energy

7.Does the entity have a business continuity and disaster management plan? Give details
in 100 words/ web link.

The Company has established emergency preparedness plans at each project site to deal
with the emergency situations. It also provides response procedures for preventing and
mitigating the hazard & risk and environmental impacts arising from emergency
situations including the provision for first aid. In the event of any occurrence of an
emergency, the same shall be investigated and appropriate preventive measures would be
initiated to avoid recurrence in future. Relevant information and training related to
emergency preparedness and response shall be provided to the interested parties. The
duties and responsibilities of all the workers are being communicated periodically.

8.Disclose any significant adverse impact to the environment, arising from the value
chain of the entity. What mitigation or adaptation measures have been taken by the entity
in this regard.

Wehavenotconductedformal

assessment our value chain partners on their impact on environment. However,
weexpectourvalue chainpartners

to be mindful of their impacts on the environment and comply with applicable laws and
regulations

9.Percentageof value chainpartners

(by value of business done with such partners) that were assessed for environmental
impacts.

Wehavenotconductedformal

assessment of our value chain partners on their impact on environment


Principle 7: Businesses, when engaging in influencing public and regulatory policy,
should do so in a manner that is responsible and transparent


1.A. Number of affiliations with trade and industry chambers/ associations.

B. List the top 10 trade and industry chambers/ associations (determined based on the
total members of such body) the entity is a member of/ affiliated to.


  

    
Serial No.
    
Name of the trade and industry chambers/ associations
    
Reach of trade and industry chambers/ associations (State/National)
  
  

    
1
    
Indian Pulp & Paper Technical Association (IPPTA)
    
National
  
  

    
2
    
Indian Agro and recycled Paper Mills Association (IARPMA)
    
National
  
  

    
3
    
Federation of Indian Export Organisations (FI EO)
    
National
  


2. Provide details of corrective action taken or underway on any issues related to
anti- competitive conduct by the entity, based on adverse orders from regulatory
authorities:

During the year, the Company has not received any adverse orders from regulatory
authorities.


  

    
Name of authority
    
Brief of the case
    
Corrective action taken
  
  

    
-
    
-
    
-
  
  

    
-
    
-
    
-
  


Leadership Indicators

1.Details of public policy positions advocated by the entity:

SIL participates in public policy advocacy at various forums such as IPPTA, FIEO
through concerned departments in consultation with Management


Principle 8: Businesses should promote inclusive growth and equitable development

Essential Indicators


1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity
based on applicable laws, in the current financial year.


  

    
Name and brief detail
    
SIA
    
Date of
    
Whether
    
Results
    
Web
  
  

    
of the project
    
Notification
Number
    
Notification
    
conducted
by
    
independent
    
external
    
agency
    
communicated in public domain
    
Link if available
  


Not Applicable since there are no projects undertaken by entity for which social impact
assessment is required under any law. However, The Company supports inclusive growth and
equitable development through its Corporate Social Responsibility (CSR) programmes. The
Company has aligned its CSR programmes/ initiatives/ activities with the requirements of
Companies Act, 2013. The Company's CSR activities are

being monitored by the Corporate Social Responsibility Committee constituted by the
Board.

2. Provide information on project(s) for which ongoing Rehabilitation and Resettlement
(R&R) is being undertaken by your entity, in the following format:

Not applicable. No rehabilitation and resettlement were undertaken by the entity during
this reporting period.


  

    
Sr. No
    
Name of the project for which R&R is going
    
State
    
District
    
No. of Projects Affected families
    
% of PAFs covered by R&R
    
Amount paid to PAFs in the FY (in INR)
  
  

    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
  

    
-
    
-
    
-
    
-
    
-
    
-
    
-
  


3.Describe the mechanisms to receive and redress grievances of the community.

Grievance Redressal of community is paramount in strengthening our relations with them.
This provides us the social license to operate and execution of CSR projects. Our local HR
team regularly interact with community

members to identify and address their concerns. We have not encountered any specific
grievances from the community in the reporting period

4.Percentage of input material (inputs to total inputs by value) sourced from
suppliers:


  

    

    
FY 22-23 Current Financial Year
    
FY 21-22 Previous Financial Year
  
  

    
Directly sourced from
    
22.15%
    
Not
  
  

    
MSMEs/small producers
    

    
available
  
  

    
Sourced directly from
    
53.09%
    
Not
  
  

    
within the district and
    

    
available
  
  

    
neighbouring districts
    

    

  


Leadership Indicators

1. Provide details of actions taken to mitigate any negative social impacts identified
in the Social Impact Assessments (Reference: Question 1 of Essential Indicators above):


  

    
Details of negative social impact identified
    
Corrective action taken
  
  

    
-
    
-
  


Not applicable since there are no projects on which social impact assessment was
required to be undertaken

2. Provide the following information on CSR projects undertaken by your entity in
designated aspirational districts as identified by government bodies:


  

    
Sr. No.
    
Aspirational District
    
Amount spent (In INR)
    

  
  

    

    
TOTAL
    
_
    

  


CSR Activities done by the Company are not in aspirational districts identified by the
Government. For details of districts covered under CSR Activities, please refer to
Corporate and Social Responsibility Section forming part of Company's Annual Report for FY
22-23

3.(a) Do you have a preferential

procurement policy where you give preference to purchase from suppliers comprising
marginalized / vulnerable groups?

No, Company doesn't have preferential procurement policy.

(b)From which marginalized /vulnerable groups do you procure?

Not Applicable since we do not have such procurement criteria

(c)What percentage of total procurement (by value) does it constitute?

Not applicable.

4.Details of the benefits derived and shared from the intellectual properties owned or
acquired by your entity (in the current financial year), based on traditional knowledge:


  

    
Sr. No.
    
Intellectual Property based upon traditional knowledge
    
Owned/ Acquired (Yes/ No)
    
Benefit (Yes/No)
    
Benefits of calculating benefit share
  
  

    
-
    
-
    
-
    
-
    
-
  
  

    
-
    
-
    
-
    
-
    
-
  


Not applicable as the Company does not have any intellectual properties owned or
acquired by the entity (in the current financial year), based on traditional knowledge.

5. Details of corrective actions taken or underway, based on any adverse order in
intellectual property related disputes wherein usage of traditional knowledge is involved:


  

    
Name of authority
    
Brief of the case
    
Corrective action taken
  
  

    
-
    
—
    
—
  


6. Details of beneficiaries of CSR Projects:

For details, please refer to Corporate and Social Responsibility Section forming part
of Company's Annual Report for FY 22-23


Principle 9: Businesses should engage with and provide value to their consumers in a
responsible manner

Essential Indicators


1. Describe the mechanisms in place to receive and respond to consumer complaints and
feedback.

The Company value customer satisfaction as one of its greatest assets. Therefore, it
has put in place effective redressal mechanism for addressing customer complaints and
handling consumer cases. The system has been created keeping the interest of customers, so
that minimum hassles are caused to

him/her. The system is periodically reviewed by management team as well. The Company
regularly organizes feedback and awareness programs for its customers across various
locations. Company always endeavours to entertain the customer complaints and to resolve
the complaints at the earliest.

2.Turnover of products and/ services as a percentage of turnover from all
products/service that carry information about Environment and social parameters relevant
to the product, safe and responsible usage and recycling and/or safe disposal

100% of products of Company contain all relevant information as required under
applicable laws

3.Number of consumer complaints in respect of the following:


  

    

    
FY 22-23
(Current Financial year)
    
FY 21-22
(Previous Financial year)
  
  

    
Received during the year
    
Pending resolution at end of year
    
Remarks
    
Received during the year
    
Pending resolution at end of year
    
Remarks
  
  

    
Data privacy
    

    

  
  

    
Advertising
    

    

  
  

    
Cyber security
    

    

  
  

    
Delivery of essential services
    
Nil
    
Nil
  
  

    
Restrictive trade practices
    

    

  
  

    
Unfair trade practices
    

    

  


4. Details of instances of product recalls on account of safety issues:


  

    

    
Number
    
Reason for call
  
  

    
Voluntary recalls Forced recalls
    
Nil
    
Nil
  


5.Does the entity have a framework/ policy on cyber security and risks related to data
privacy? If available, provide a web- link of the policy

We have an information security management policy which comprises of data protection,
email, web and network protection. It also includes access control

policy with two-factor authentication to protect the system from unauthorised access.
Multiple security controls like firewall, end-point protection, web protection, etc. have
been implemented to prevent data attacks and threats. Said policy is internally available
with Company

6.Provide details of any corrective actions taken or underway on issues relating to
advertising, and delivery of essential services; cyber security and data privacy of
customers; re-occurrence of instances of product recalls; penalty / action taken by
regulatory authorities on safety of products / services.

Not applicable.


Leadership Indicators


1.Channels / platforms where information on products and services of the entity can be
accessed (provide web link, if available).

The Company's business offerings can be found on the website. Refer link below:

https://www.satiagroup.com/paper/

2.Steps taken to inform and educate consumers about safe and responsible usage of
products and/or services.

The business of the Company complies with regulations and relevant codes concerning
marketing communications including advertising and promotion activities. The Company's
communications are aimed at enabling consumers to make informed purchase decisions.

3.Mechanisms in place to inform consumers of any risk of disruption/discontinuation of
essential services.

At SIL, we do not deal with any essential services, however, in case of any disruption,
we can disseminate information through our website, various mass media platforms, social
media platforms, distribution networks, sales representatives, email etc.

4.Does the entity display product information on the product over and above what is
mandated as per local laws? (Yes/No/ Not Applicable) If yes, provide details in brief. Did
your entity carry out any survey with regard to consumer satisfaction relating to the
major products / services of the entity, significant locations of operation of the entity
or the entity as a whole? (Yes/No)

The Company has an uncompromising commitment to provide best in-class products and
customer satisfaction. The Company fully complies the laws of land. All the display and
disclosure requirements as per applicable Statutes are complied with.

Company, during the year, has not carried out any survey with regard to consumer
satisfaction relating to the major products / services of the entity, significant
locations of operation of the entity or the entity as a whole

5.Provide the following information relating to data breaches:

(a)Number of instances of data breaches along-with impact

There were no data breaches during the year.

(b)Percentage of data breaches involving personally identifiable information of
customers -

NIL