Marine Electricals India Submits BRSR Report for FY 2025-26
Marine Electricals (India) Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report covers operations on a standalone basis, detailing manufacturing, products, and services. It includes employee data, subsidiary information, and CSR activities. The company reported zero grievances and detailed its approach to material responsible business conduct issues.
This is a standard regulatory filing and does not involve any new business, financial, or corporate actions that would significantly impact the company's stock or operations.
The announcement is a routine filing of a mandatory report and does not contain any new financial or business performance information that would indicate a positive or negative sentiment.
Marine Electricals (India) Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. This report is a part of the company's Annual Report for the same fiscal year and is being filed pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company's BRSR covers its operations on a standalone basis. The report details various aspects of the company's business activities, including its manufacturing of electrical equipment, which accounts for 100% of its turnover. It also outlines the products and services sold, with the manufacture of electricity distribution and control apparatus contributing 100% to the turnover.
The report provides comprehensive information on the company's operations, including the number of locations, markets served, and the contribution of exports (4.63% of standalone turnover). It also details employee and worker statistics, with a total of 709 permanent employees and 386 permanent workers. Furthermore, the company has disclosed its holding, subsidiary, and associate companies, including Evigo Charge Private Limited, Eltech Engineers Madras Private Limited, Xanatos Marine Limited, MEL Power Systems FZC, STI SRL, MEL Shipyard Private Limited, Marks Marine Radio Private Limited, Premalata Foundation, and MEL Power Systems PTE LTD.
The company also provided details on its CSR activities, with a turnover of ₹74,693.71 Lakhs and a net worth of ₹45,593.96 Lakhs. The report addresses complaints and grievances, reporting zero complaints filed during FY 2025-26 and FY 2024-25 across all stakeholder groups. Material responsible business conduct issues, including governance, sustainable product development, occupational health & safety, cybersecurity, community impact, customer centricity, and risk management, have also been detailed. The company has implemented policies and processes aligned with NGRBC principles and holds certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 27001:2022.
A plain-language summary of a public exchange filing by Marine Electricals (India) Limited. Read the original for the full detail.
