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alloys
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ISO 9001 : 2008 CO[1PANY

Registered Office ldeal Centre,4th Floor

9, A.J.C. Bose Road, Kolkata - 700 017
, (033) 4063 2393 . (033) 2290 0383
: office@maithanalloys com
;
w!wv. maithan a lloys.com
- . : 12710'1WB'1985P1C039503

5s September, 2024

1] The Secretary 2l Listing Department

The Calcutta Stock Exchange Limited National Stock Exchange of India Ltd.
7, Lyons Range, Exchange P1aza, Bandra-Kur1a Complex,
Kolkata- 700 001 Bandra (E), Mumbai - 400 051
Scrip code: 10023915 Scrip code: MAITHANALL

Sub: Business Responsibility and Sustainability Repolt (BRSR) for the financial year 2023-2024

Dear Sir/ Madam,

We are enclosing herewith a copy of the Business Responsibility and Sustainability Report (BRSR)
of the Company for the financial year 2023-2024. The BRSR forms part of the Company's Arttual
Report for the Financial \ear 2023-2024 and is also available on the website of the Company at
www.maithanalloys.com.

The information has been submitted in compliance with the provisions of Regulation 34 (2) of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements),
Regulations, 2015.

Thanking you,
Yours faithfully,

For Maithan AIloys Limited

RAJESH K Digitally signed by
RAJESH K SHAH

SHAH Date: 2024.09.05

15:41:28 +05'30'

Rajesh K. Shah
Company Secretary
Encl.: a/a
c.c. The Corporate Relationship Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Da1a1 Street, Mumbai- 400 001
Scrip Code: 590078

Works : lJnit-l : PO Kalyaneshwari- 713 369, Disi Paschim Bardhaman (West Bengal)
Un t-|1 E P I P, By.nihat, Dist. Ri-bhoi-7g3 101 (Meghalaya)
Unit-lll Plot No 42 & 43, APSEZ. PO Atchutapuram, Disl Visakhapatnam - 531 011 (A P)
Annexure to The Directors' Report - 'H'

Business Responsibility & Sustainability

Repor ng Format
Sec on A: General Disclosures

i. Details of the listed en ty:

1. Corporate Iden ty Number (CIN) of the Listed En ty: L27101WB1985PLC039503
2. Name of the Listed En ty: MAITHAN ALLOYS LTD
3. Year of incorpora on: 1985
4. Registered office address: 4th Floor, 9, A J C Bose Road, Kolkata-700017
5. Corporate address: 4th Floor, 9, A J C Bose Road, Kolkata-700017
6. E-mail: offi[email protected]
7. Telephone: 033-4063-2393
8. Website: www.maithanalloys.com
9. Financial year for which repor ng is being done: 2023-2024
10. Name of the Stock Exchange(s) where shares are listed:
(i) The Calcu a Stock Exchange Ltd.
(ii) Na onal Stock Exchange of India Ltd.
(iii) The Equity shares of the Company are traded at BSE Limited.
11. Paid-up Capital: ₹ 29.11 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:
DIN: 00339855
Name: Mr. Subodh Agarwalla
Designa on: Whole- me Director and CEO
Telephone No: 033-4063-2393
Email: offi[email protected]

13. Repor ng boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the
en ty) or on a consolidated basis (i.e. for the en ty and all the en es which form a part of its
consolidated financial statements, taken together): Standalone basis

II. Products/services:

14. Details of business ac vi es (accoun ng for 90% of the turnover):

S.No. Descrip on of Main Descrip on of Business % of Turnover of the
Ac vity Ac vity en ty
1. Manufacturing Metal and metal products 93.39%
2. Trade Whole sale trading 04.99%

15. Products /Services sold by the en ty (accoun ng for 90% of the en ty's turnover):

S.No. Product/Service NIC Code % of total Turnover

contributed
1. Ferro Alloys 24104 97.32%

III. Opera ons:

79.06%
16. Number of loca ons where plants and / or opera ons / offices of the en ty are situated:

Loca on Number of plants Number of offices Total

Na onal 5 2 7
Interna onal 0 0 0

Annual Report 2023-24 95

 17. Markets served by the en ty:
(a) Number of loca ons

Loca ons Number

Na onal (No. of States) 15
Interna onal (No. of Countries) 24
(b) What is the contribu on of exports as a percentage of the total turnover of the en ty? : 55.80%

(c) A brief on types of customers:

Manufacturers of Steel are the customers of the Company that requires manganese or silicon based
Ferro Alloys and includes na onal & interna onal suppliers of Ferro Alloys to steel manufactures.

IV. Employees:
18. Details as at the end of Financial Year:
(a) Employees and workers (including differently abled):

Male Female
S.No. Par culars Total (A)
No.(B) % (B/A) No.(C) %(C/A)
EMPLOYEES
1. Permanent(D) 471 466 98.93 5 1.06
2. Other than Permanent(E)
28 28 100.00 0 0.00
Total Employees (D+E)

3. Total Employees (D+E) 499 494 98.99 5 1.00

WORKERS
4. Permanent(F) 50 50 100.00 0 0.00

5. Other than Permanent(G) 1091 994 91.10 97 8.89

6. Total Employees (F+G) 1141 1044 91.49 97 8.50

(a) Employees and workers (including differently abled):

Male Female
S.No. Par culars Total (A)
No.(B) % (B/A) No.(C) %(C/A)
DIFFERENTLY ABLED EMPLOYEES
1. Permanent(D) 0 0 0.00 00 0.00
2. Other than Permanent(E) 0 0 0.00 00 0.00
3. Total Employees (D+E) 0 0 0.00 00 0.00
DIFFERENTLY ABLED WORKERS
4. Permanent(F) 0 0 0.00 00 0.00
5. Other than Permanent(G) 0 0 0.00 00 0.00
6. Total Employees (F+G) 0 0 0.00 00 0.00

19. Par cipa on/Inclusion/Representa on of women:

No. and percentage of Females

Total (A) No.(B) % (B/A)
Board of Directors 8 1 12.50
Key Management Personnel 4 0 0.00

96 Annual Report 2023-24

Annexure to The Directors' Report - 'E'

20. Turnover rate for permanent employees and workers

(Disclose trends for the past 3 years)

FY 2023-2024 FY 2022-2023 FY 2021-2022

(Turnover rate in (Turnover rate in (Turnover rate in the year
current FY) previous FY) prior to the previous FY)
Male Female Total Male Female Total Male Female Total
Permanent
9.65 0.00 9.65 7.34 0.17 7.52 13.25 0.35 13.60
Employees
Permanent
Workers 1.78 0.00 1.78 3.50 0.00 3.50 6.36 0.00 6.36

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

21. (a) Names of holding / subsidiary / associate companies / joint ventures..
.
S. Name of the holding/ Indicate whether % of Does the en ty indicated
No Subsidiary/Associate companies/ holding/subsidiary/ shares at column A, par cipate
Joint Ventures (A) Associate/Joint held by in the Business
Venture listed Responsibility ini a ves
en ty of the listed en ty?
(Yes/No)
1. AXL-Explora on Private Limited Subsidiary Company 75 No
2. Anjaney Minerals Limited Subsidiary Company 100 No
3. Salanpur Sinters Private Limited Subsidiary Company 100 No
4. Maithan Ferrous Private Limited Subsidiary Company 80 No
5. Impex Metal & Ferro Alloys Ltd Subsidiary Company 100 No
6. Ramagiri Renewable Energy Limited Subsidiary Company 100 No

VI. CSR Details:

22. (i) Whether CSR is applicable as per sec on 135 of Companies Act, 2013: Yes
(ii) Turnover (in Rs.): Rs. 1723 Crore
(iii) Net worth (in Rs.): Rs. 3070.36 Crore

Annual Report 2023-24 97

 VII. Transparency and Disclosures Compliances:

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

Stakeholder group Grievance FY 2023-2024 FY 2022-2023

from whom Redressal Current Financial Year Previous Financial Year
complaint is Mechanism in
received Place (Yes/No)*
Number Number of Remarks Number Number of Remarks
of complaints of complaints
complaints pending complaints pending
filed during resolu on at filed during resolu on at
the year close of the the year close of the
year year

Communi es Yes * - - - - - -
Investors
(other than shareholders) Yes* - - - - - -

Shareholders Yes* 12 - - 19 - -
Employees and workers Yes* - - - - - -
Customers Yes* - - - - - -
Value chain Partners Yes* - - - - - -
Other (please specify) Yes* - - - - - -

*(If Yes, then provide web-link For grievance redress policy):

Weblink: For shareholders: h ps://www.maithanalloys.com/grivance-redressal/
For other than shareholders: h ps://www.maithanalloys.com/contact/

24. Please indicate material responsible business conduct and sustainability issues pertaining to
environmental and social ma ers that present a risk or an opportunity to your business, ra onale for
iden fying the same, approach to adapt or mi gate the risk along-with its financial implica ons, as per
the following format
S.No. Material Indicate Ra onale for In case of risk, Financial implica ons
issue whether risk or iden fying the Approach to of the risk or
iden fied opportunity risk/ opportunity adapt or opportunity (Indicate
(R/O) mi gate posi ve or nega ve
implica ons)
The company has installed Nega ve
1. Air Quality Risk Poor ambient air
adequate numbers of Air
quality may a ract Pollu on Control Devices
penal es. such as Gas Cleaning,
It may also have Dust Extrac on Systems
a nega ve impact Mist Cannons, Rain Guns
on the community . and Regular maintenance
work is done on the
equipment for op mum
func onality. Ambient air
quality is monitored in
accordance with a schedule
as per prescribed norm.

Risk The fumes generated Furnaces are fi ed with Nega ve

during tapping and hot Fume Extrac on Systems
and Mist Cannons to
metal handling may
suppress fumes and dust.
have harmful impacts
Reasonable levels of air
on the working crew ambience are being
maintained and no
nega ve feedback has
been received by the
company.

98 Annual Report 2023-24

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

This sec on is aimed at helping businesses demonstrate the structures, policies and
processes put in place towards adop ng the NGRBC Principles and Core Elements.

Disclosure P P P P P P P P P
Ques ons 1 2 3 4 5 6 7 8 9
Policy and management processes
1. a. Whether your en ty’s policy/policies cover each principle and its Y Y Y Y Y Y Y Y Y
core elements of the NGRBCs.(Yes/No)
b. Has the policy been approved by the Board? (Yes/No) Y Y Y Y Y Y Y Y Y
c. Web link of the Policies, if available www.maithanalloys.com
2. Whether the en ty has translated the policy into procedures. (Yes/No) Y Y Y Y Y Y Y Y Y
3. Do the enlisted policies extend to your value chain partners? (Yes/No) N N N N N N N N N
4. Name of the na onal and interna onal ISO 9001:2015 related to quality management of the products – Principle
codes/cer fica ons/labels/standards(e.g .Forest Stewardship council, 2 and 9.
Fairtrade, Rainforest alliance, Trustea) standards(e.g SA 8000, OHSAS,
ISO,BIS) adopted by your en ty and mapped to each principle.
5. Specific commitments, goals and targets set by the en ty with defined ESG performance is a con nuous process and at present the company
melines, if any. has not defined any melines for any specific commitments, goals or
target. However, the efforts are being made towards maintaining and
improving ESG performance.
6. Performance of the en ty against the specific commitments, goals and Not Applicable
targets along with reason in case the same are not met.
Governance, leadership and oversight
7. Statement by director responsible for the business responsibility report, highligh ng ESG related challenges, targets and achievements (listed en ty
has flexibility regarding the placement of this disclosure) We believe sustainability is a key pillar to development and growth. Environment protec on,
customer sa sfac on, employee growth and community development are some of the many challenges the Company faces. Towards this end we
have taken several responsible business measures to protect the environment, the communi es we interact with, our customers, employees, value
chain partners and other stakeholders, which are reviewed periodically for con nuous improvements.
We strive towards organisa onal excellence through robust corporate governance measures and being a responsible business leader by integra ng
our processes and measures with the value chain. The Company is dedicated to conserve natural resources through process improvements, waste
reduc on and minimising pollu on.
The Company is also commi ed to provide a safe and healthy work environment to all employees .
We have adopted proac ve measures and comply with all applicable laws and regula ons that contribute to overall holis c growth and development.
The CSR team also undertakes various community projects a er regular stakeholder consulta ons that deal with various local issues related to health,
sanita on, livelihood etc.
8. Details of the highest authority responsible for implementa on and Mr. Subodh Agarwalla, Whole- me Director and CEO (DIN: 00339855)
oversight of the Business Responsibility Policy(ies)
9. Does the en ty have a specified Commi ee of the Board/ Director N N N N N N N N N
responsible for decision making on sustainability related issues?
(Yes/No). If yes, provide details.

10. Details of Review of NGRBCs by the Company:

Subject for Review Indicate whether review was undertaken Frequency (Annually/Half yearly/Quarterly/
by Director/Commi ee of the Board/ Any any other Please specify)
other Commi ee
P P P P P P P P P P P P P P P P P P
1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9
Performance against above policies and follow Y Y Y Y Y Y Y Y Y Q Q Q Q Q Q Q Q Q
up ac on
Compliance with statutory requirements of Y Y Y Y Y Y Y Y Y Q Q Q Q Q Q Q Q Q
relevance to the principles, and, rec fica on of
any non-compliances
P P P P P P P P P
1 2 3 4 5 6 7 8 9
11. Has the en ty carried out independent N N N N N N N N N
assessment/ evalua on of the working of its
policies by an external agency? (Yes/No). If yes,
provide name of the agency.
Note: N=NO, Y=Yes and Q= Quarterly

Annual Report 2023-24 99

 12. If answer to ques on (1) above is “No” i.e. not all Principles are covered by a policy, reasons to be stated:
Ques ons P P P P P P P P P
1 2 3 4 5 6 7 8 9
The en ty does not consider the Principles material to its business (Yes/No)
The en ty is not at a stage where it is in a posi on to formulate and implement the policies on
specified principles (Yes/No) Not
The en ty does not have the financial or/human and technical resources available for the task Applicalbe
(Yes/No)
It is planned to be done in the next financial year (Yes/No)
Any other reason (please specify)

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURES

This sec on is aimed at helping en es demonstrate their performance in integra ng the Principles and
Core Elements with key processes and decisions. The informa on sought is categorized as “Essen al” and
“Leadership”. While the essen al indicators are expected to be disclosed by every en ty that is mandated
to file this report, the leadership indicators may be voluntarily disclosed by en es 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.

Essen al Indicators

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

Segment Total Number of Topics/ principles covered %age of persons in

Training and under the training respec ve category
awareness and its impact covered by the
Programmes held awareness
programmes
Board of Directors 2 Topics of awareness rela ng to 100%
Secretarial standards 1 & 2

Key Managerial Topics of awareness rela ng to 100%

8
Personnel Secretarial standards 1 & 2

Employees other Topics covering skill development,

than BoD and KMPs 4 Upgrada on of knowledge,s 12%
Product improvements
Workers 3 Topics covering safety measures,
Upgrada on of knowledge and 30%
skill development.

2. Details of fines / penal es /punishment/ award/ compounding fees/ se lement amount paid in
proceedings (by the en ty or by directors / KMPs) with regulators/ law enforcement agencies/ judicial
ins tu ons, in the financial year, in the following format (Note: the en ty shall make disclosures on the
basis of materiality as specified in Regula on 30 of SEBI (Lis ng Obliga ons and Disclosure Requirements)
Regula ons, 2015 and as disclosed on the en ty’s website):

100 Annual Report 2023-24

 Monetary
NGRBC Name of the Amount Brief of the Case Has an appeal
Principle regulatory / (In INR) been preferred?
Enforcement agencies/ (Yes/ No)
judicial ins tu ons
Penalty/Fine
Se lement Nil
Compounding fee
Non-Monetary
NGRBC Name of the Amount Brief of the Case Has an appeal
Principle regulatory / (In INR) been preferred?
Enforcement agencies/ (Yes/ No)
judicial ins tu ons
Imprisonment
Not applicable
Punishment

3. Of the instances disclosed in Ques on 2 above, details of the Appeal/ Revision preferred in cases where
monetary or non-monetary ac on has been appealed.
Case Details Name of the regulatory/ enforcement
agencies/judicial ins tu ons
None Not Applicable

4. Does the en ty have an an -corrup on or an -bribery policy? If yes, provide details in brief and if
available, provide a web-link to the policy.:

Yes, The company has “Code of Conduct for Directors and Senior Management” in place that presents them
from carrying out ac vi es in conflict with the interest of the Company. The weblink for the same is
:h ps://maithanalloys.com/wp-content/uploads/2017/07/policies/01.Code%20of%20Conduct%20for
%20Directors%20and%20Senior%20Management.pdf

5. Number of Directors/KMPs/employees/workers against whom disciplinary ac on was taken by any

law enforcement agency for the charges of bribery/corrup on:

FY:2023-2024 FY: 2022-2023

(Current financial Year) (Previous financial Year)
Directors No disciplinary ac on was taken by any law No disciplinary ac on was taken by any
KMPs enforcement agency for the charges of law enforcement agency for the
Employees bribery/corrup on. charges of bribery/corrup on.
Workers
6. Details of complaints with regard to conflict of interest:

FY 2023-2024 FY 2022-2023
(Current Financial Year) (Previous Financial Year)
Number Remarks Number Remarks
Number of complaints received in rela on to Nil - Nil -
issues of Conflict of Interest of the Directors
Number of complaints received in rela on to Nil - Nil -
issues of Conflict of Interest of the KMPs

Annual Report 2023-24 101

 7. Provide details of any correc ve ac on taken or underway on issues related to fines/ penal es/ac on
taken by regulators/ law enforcement agencies/ judicial ins tu ons, on cases of corrup on and conflicts
of interest.: Not Applicable.

Leadership Indicators
1. Awareness programmes conducted for values chain partners on any of the Principles
duringthe financial year:
Total number of awareness Topics/principles covered %age of value chain partners covered
programmes held under the training (by value of business done with such
partners) under the awareness programmes
- - -

2. Does the en ty 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, The company has “Code of Conduct for Directors and Senior Management” in place that presents
them from carrying out ac vi es in conflict with the interest of the Company.

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

Essen al 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 en ty, respec vely.

Current Financial Previous Details of improvements in

Year Financial Year environmental and social impacts
R&D NIL NIL N.A
Capex NIL NIL N.A

2. a. Does the en ty have procedures in place for sustainable sourcing? (Yes/No)

b. If yes, what percentage of inputs were sourced sustainably?
The Management prefers to source its inputs from suppliers who are cer fied to be compliance with
social and environment standards.

The en re Power consump on, which is around 25-30% of total input cost, requirements in the process
of manufacturing of Ferro Alloys are sourced sustainably through long term “Power Purchase
Agreements” who maintains high standards of social and environment standards.

3. Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the
end of life, for (a) Plas cs (including packaging) (b) E-waste (c) Hazardous waste and (d) other waste.
For packing purposes only tarpaulin are used for transporta on of ferro alloys. Where ever possible the
Company re-uses such tarpaulin. No e-waste are generated during the process of manufacturing of ferro
alloys. The Company recycles its semi-finish products which are not usable by the end consumers. It also
handles its other waste including by-products (slag) suitably. Slag is diverted either for land filling and/or for
fly ash brick making.

102 Annual Report 2023-24

 4. Whether Extended Producer Responsibility (EPR) is applicable to the en ty's ac vi es (Yes / No). If yes,
whether the waste collec on plan is in line with the Extended Producer Responsibility (EPR) plan
submi ed to Pollu on Control Boards? If not, provide steps taken to address the same. : No.

Leadership Indicators
1. Has the en ty conducted Life Cycle Perspec ve / 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?

NIC Name % of total Boundary for which the Whether Results

Code of Product Turnover Life cycle Perspec ve conducted by Communicated in
/Service contributed / Assessment Was independent external public domain
conducted agency (Yes/No) (Yes/No) If yes,
provide the web-link
Not applicable. Since the Ferro Alloys are used as raw-material for manufacturing of Steel.

2. If there are any significant social or environmental concerns and / or risks arising from produc on or
disposal of your products / services, as iden fied in the Life cycle Perspec ve / Assessment (LCA) or
through any other means, briefly describe the same along-with ac on taken to mi gate the same.

Name of Product/ Descrip on of the risk/ Ac on Taken

Service concern
NIL NIL NIL

3. Percentage of recycled or reused input material to total material (by value) used in produc on (for
manufacturing industry) or providing services (for service industry).
Recycled or re-used input material to total material
Indicate input material FY2023-24 FY2022-23
Current Financial Year Previous Financial Year

Ferro Manganese Slag (MT) 31209 289683

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:
FY2023 -24 FY2022-23
Current Financial Year Previous Financial Year
Re-Used Recycled Safely Re-Used Recycled Safely
Disposed Disposed
Plas cs NIL
(including packaging)
E-waste
Hazardous waste (Used Oil) NIL NIL 5200 LTS NIL NIL NIL
Other waste NIL

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 respec ve category
NA

Annual Report 2023-24 103

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

Essen al Indicators
1. a. Details of measures for well-being of employees:
% of employees covered by
Category Total Health Accident Maternity Paternity Day Care
(A) Insurance Insurance Benefits Benefits Facili es
Number % Number % Number % Number % Number %
(B) (B/A) (C) (C/A) (D) (D/A) (D) (D/A) (E) (E/A)

Permanent employees
Male 466 466 100% 184 39.48 - - - - - -
Female 5 5 100% 0 0.00 - - - - - -
Total 471 471 100% 184 39.06 - - - - - -
Other than Permanent employees
Male 27 - - - - - - - - - -
Female 0 - - - - - - - - - -
Total 27 - - - - - - - - - -

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

Category Total Health Accident Maternity Paternity Day Care

(A) Insurance Insurance Benefits Benefits Facili es
Number % Number -% Number % Number % Number %
(B) (B/A) (C) (C/A) (D) (D/A) (D) (D/A) (E) (E/A)

Permanent workers
Male 50 - - - - - - - - - -
Female 0 - - - - - -- - - - -
Total 50 - - - - - - - - - -
Other than Permanent workers
Male - - - - - - - - - - -
Female - - -- - - - -- - - -- -
Total - - -- - - - - - - - -

2. Details of re rement benefits, for Current Financial Year and Previous Financial Year:
FY2023-24 Fy2022-23
Current Financial Year Previous Financial Year
No. of No. of Deducted No. of No. of Deducted
employees workers and employees workers and
Benefits covered covered deposited covered covered deposited
as a % of total As a % of with the as a % of total As a % of with the
employees * total workers authority employees* total authority
* (Y/N/N.A)* workers* (Y/N/N.A)*
PF 100 100 Y 100 100 y
Gratuity 100 100 N.A 100 100 N.A
ESI 100 100 Y 100 100 Y
Others- N.A
Please
specify
*As per statutory requirements, all en tled employees / workers are covered under PF / ESI & Gratuity

104 Annual Report 2023-24

 3. Accessibility to workplaces
Are the premises/ offices of the en ty accessible to differently abled employees and workers, as per the
requirements of the Rights of Persons with Disabili es Act,2016? If not, whether any steps are being
taken by the en ty in this regard.
Yes, the premises/offices (except Corporate Head Quarter & Branches) of the en ty are accessible to
differently abled employees and workers, as per the requirements of the Rights of Persons with Disabili es
Act, 2016. Wheelchairs and ramps are available at our loca ons for access.

4. Does the en ty have an equal opportunity policy as per the Rights of Persons with Disabili es Act,2016?
If so, provide a web-link to the policy.
As a prac ce MAL does not discriminate against persons with disabili es, however, the Company does not
have a wri en equal opportunity policy in place at the moment

5. Return to work and Reten on rates of permanent employees and workers that took parental leave.
We have policy only for maternity leave and none of the employee has availed the said leave during last
financial year.

6. 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
Other than Permanent Workers
Permanent Employees
Other than Permanent Employees

The Company has a “Grievance Redressal Policy” applicable to all permanent employees. It seeks to
promote prac ces and procedures that ensure crea on and sustenance of healthy rela onships and
expedi ous se lement of employee grievance, thereby improving produc vity and overall efficiency of
the organisa on.

As per the policy there are three stages to addressing an employee grievance:

Stage I: The grievance must be submi ed with requisite documents to the aggrieved employee's immediate
supervisor (“relevant authority” at this stage). On receipt, the supervisor will discuss the ma er with the aggrieved
employee and redress the grievance if it is within their power to do so. A formal response has to be communicated to
the employee within ten days of receipt of the grievance with a copy to the HR department.

Stage II: If at Stage I the aggrieved employee is not sa sfied with the outcome, they can approach the Department/
Func onal/Business Unit Head (“relevant authority” at this stag ing the grievance to the next stage have to be
indicated clearly in the prescribed form. The relevant authority will also meet the aggrieved employee to discuss the
grievance in detail. Within ten days of receipt of the grievance the relevant authority has to communicate their
response to the employee with a copy to the HR department.

Stage III: If dissa sfied with the outcome at Stage II, the employee can approach the Grievance Redressal Commi ee
within seven working days of receipt of formal communica on of the outcome, clearly sta ng the reasons. This
Commi ee will further discuss the ma er in detail with the employee. The Commi ee has to respond within thirty
working days of receipt of the grievance with a copy to the HR department.

The decision of the Commi ee in Stage III is final, and no further appeal can be entertained against their decision.
However, unresolved grievances recorded in the monthly reports have to be referred to the CEO for a final decision.

Annual Report 2023-24 105

 7. Membership of employees and worker in associa on(s) or Unions recognized by the listed en ty:

Fy2023-2024 FY2022-2023
(Current Financial Year) (Previous Financial Year)
Total No. of % Total No. of % (B/A)
employees/ employees/ (B/A) employees/ employees/
Category workers in workers in workers in workers in
respec ve respec ve respec ve respec ve
category (A) category (A) category, who
are part of are part of
associa ons(s) associa ons(s)
or Union (B) or Union (B)
Total 0 0 0 0 0 0
Permanent
Employees
-Male 0 0 0 0 0 0
-Female 0 0 0 0 0 0
Total 0 0 0 0 0 0
Permanent
Workers
-Male 0 0 0 0 0 0
-Female 0 0 0 0 0 0

8. Details of training given to employees and workers:

Fy2023-2024 FY2022-2023
Current Financial Year Previous Financial Year
Category On health and On Skill Total On health and On Skill
(A) Safety upgrada on (D) Safety upgrada on
measures measures
No. % No. % No. % No. %
(B) (B/A) (C) (C/A) (E) (E/D) (F) (F/D)
Employees
Male 494 148 30 148 30 453 134 29 134 29
Female 5 0 0 0 0 5 0 0 0 0
Total 499 148 29 148 29 458 134 29 134 29
Workers
Male 1044 219 21 219 21 1255 264 21 264 21
Female 97 0 0 0 0 91 0 0 0 0
Total 1141 219 19 219 19 1346 264 19 264 19

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

FY2023-2024 Fy2022-2023
Category Current Financial Year Previous Financial Year
Total No. % Total No. %
(A) (B) (B/A) (C) (D) (D/C)
Employees
Male 494 459 93 453 421 93
Female 5 5 100 5 5 100
Total 499 464 93 458 426 93
Workers
Male 1044 114 11 1255 139 11
Female 97 0 0 91 0 0
Total 1141 114 10 1346 139 10

106 Annual Report 2023-24

10. Health and safety management system:
(a) Whether an occupa onal health and safety management system has been implemented by the
en ty? (Yes/No).If yes, the coverage of such system?
Yes, the system rela ng to occupa onal health and safety management is in place and covers all the three
manufacturing units of the company.

(b) What are the processes used to iden ty work-related hazards and assess risks on a rou ne and non-
rou ne basis by the en ty?
Opera ng procedure of manufacturing of goods are observed by the Produc on head of each unit at a
regular interval apart from rou ne inspec ons that are also being carried out to iden fy the work related
hazards and to assess the risk thereof.

(c ) Whether you have processes for workers to report the work related hazards and to remove
themselves from such risks.(Y/N) Yes.

(d) Do the employees /worker of the en ty have access to non-occupa onal medical and healthcare
services? (Yes/No) Yes.

11. Details of safety related incidents, in the following format

Safety Incident/Number Category Fy2023-2024 FY2022-2023
Current Financial Previous Financial
Year Year
Lost Time Injury Frequency Rate Employees
(LTIFR) (per one million-person hours worked)
Workers
Total recordable work -related injuries Employees NIL
Workers
Number of fatali es Employees
Workers
High consequence work-related injury or ill-health (excluding fatali es) Employees
Workers

12. Describe the measures taken by the en ty to ensure a safe and healthy work place.
- Use of safety gears is mandatory during working ac vi es for all workers
- No worker is allowed to work in double shi s
- Sufficient ligh ng, Cleanliness, proper Ven la on at and around work place
- Only trained adult workers with proper safety wear are allowed to operate machineries.
- To avoid accidents, proper precau ons are be taken while working with machines.
- In the case of emergencies where power cut is required, suitable arrangements are made.
- Maintenance of an Ambulance within factory premise.

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

Fy2023-2024 Fy2022-2023
(Current Financial Year) (Previous Financial Year)
Filed during Pending resolu on Remarks Filed during Pending resolu on Remarks
the year at the end of year the year at the end of year
Working Nil Nil - Nil Nil Nil
Condi ons
Health & Nil Nil - Nil Nil Nil
Safety

14. Assessments for the year:

% of your plants and offices that were assessed
(by en ty or statutory authori es or third par es)
Health and safety prac ces 100%
Working Condi ons 100%

Annual Report 2023-24 107

 15. Provide details of any correc ve ac on taken or underway to address safety-related incidents (if any) and
on significant risks/ concerns arising from assessments of health & safety prac ces and working
condi ons.
- Skill assessments of new as well as exis ng workman is being carried out
- Motorised two wheeler use have been restricted inside the plant
- Fall protec on provided at floor edges
- Periodic checks of heavy earth moving machineries
- Welding machines and temporary cables lying on the ground are barricaded with a cau oned board
- Electrical installa ons and equipments are handled only by experienced workers only
- Awareness on proper use of safety gears
- Sprinkling of water at a regular interval to minimize air circula on with dust in and around factory
premise
- Electrical installa on including switches and electrical board and generators are suitably protected from
water and other elements.

Leadership Indicators
1. Does the en ty extend any life insurance or any compensatory package in the event of death of (A)
Employees (Y/N) (B) Workers (Y/N).
Yes to both employees and workers.

2. Provide the measures undertaken by the en ty to ensure that statutory dues have been d e d u c te d a n d
deposited by the value chain partners. None

3. Provide the number of employees /workers having suffered high consequence work-related injury/
ill-health/fatali es (as reported in Q11 of Essen al Indicators above), who have been rehabilitated
and placed in suitable employment or whose family members have been placed in suitable
employment:
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
Fy2023-2024 FY2022-2023 Fy2023-2024 FY FY2022-2023
(Current Financial (Previous Financial (Current Financial (Previous Financial
Year) Year) Year) Year)
Employees Nil Nil Nil Nil
Workers Nil Nil Nil Nil
4. Does the en ty provide transi on assistance programs to facili es con nued employability and the
management of career endings resul ng from re rement or termina on of employment? (Yes/No): Yes

5. Details on assessment of value chain partners

% of value chain partners (by value of business done with such partners) that
were assessed
Health and safety prac ces Nil
Working condi ons Nil
6. Provide details of any correc ve ac ons taken or underway to address significant risks/ concerns arising
from assessments of health and safety prac ces and working condi ons of value chain partners. NIL

PRINCIPLE 4 Businesses should respect the interest of and be responsive to all its stakeholders
Essen al Indicators
1. Describe the processes for iden fying key stakeholder groups of the en ty.
The key internal and external stakeholders of the Company have been iden fied based on an assessment of
all stakeholders in consulta on with the management. These stakeholder groups add value to the
organisa on and also have an immediate impact on the opera ons and workings of the Company.

108 Annual Report 2023-24

 Given this, we constantly engage with our stakeholders to meet their expecta ons, iden fy and manage
risks, thus contribu ng to sustainable decisions.
The iden fied internal and external stakeholder groups are listed in response to Ques on 2 and broadly
include – Employees, Shareholders, Customers, Communi es, Suppliers, Partners, and Vendors

2. List stakeholder groups iden fied as key for your en ty and the frequency of engagement with each
stakeholder group.
Stakeholder Whether Channels of Frequency of Purpose and scope of engagement
Group iden fied as communica on (Email, engagement including key topics and concerns raised
Vulnerable SMS, Newspaper, (Annually/ during such engagement
& Pamphlets, Half yearly/
Marginalised Adver sement, Quarterly/
Group Community Mee ngs, others –
(Yes/No) No ce Board, Website), please
Other specify)

Community No Community Mee ngs Other – The purpose of engaging with the local
Con nuous community is to provide them the opportunity to
discuss local issues such as health, sanita on,
livelihood, and infrastructure development, with
CSR team of the company.
Investors No Other – Press Release, , In- Other – To educate investors about values and business
(Other than person Mee ngs, Con nuous and long-term business strategy of the company.
Shareholders) Conference Calls
Shareholders No Other – E-mails, Press Other – To educate shareholders about values and
Release, Website Con nuous business and long-term business strategy of the
Disclosure, Adver sements company.

Employees No Other – Company’s Open Other – For career management and growth. To iden fy
and Workers House Mee ngs etc Con nuous learning opportuni es.

Customers No E-mails, In-person Quarterly The purpose of interac ng with customers is to

Mee ngs, Conferences iden fy opportuni es to improve our product
and also to understand our customers’ needs
and iden fy industry and business challenges.
Value Chain No E-mails, Mee ngs Other – To ensure compliance with statutory
Partners Con nuous requirements and to build long las ng
sustainable rela onships.

PRINCIPLE 5 Businesses should respect and promote human rights

1. Employees and workers who have been provided training on human rights issues and policy(ies) of the
en ty, in the following format:
Fy2023-24 Fy2022-23
Current Financial Year Previous Financial Year
Category Total No. of employees/ % (B/A) Total No. of employees/ % (D/C)
(A) workers (C) workers
covered (B) covered (D)
Employees
Permanent 471 70 15% 426 64 15%
Other than 28 1 3% 27 1 4%
Permanent
Total Employees 499 71 14% 453 65 14%
Workers
Permanent 50 6 12% 139 17 12%
Other than 1091 109 10% 1207 121 10%
Permanent
Total Workers 1141 115 10% 1346 138 10%

Annual Report 2023-24 109

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

Fy2023-24 Fy2022-23
Current Financial Year Previous Financial Year
Category Total Equal to Total Equal to
(A) Minimum Wage Minimum Wage (D) Minimum Wage Minimum Wage
No. % No. % No. % No. %
(B) (B/A) (C) (C/A) (E) (E/D) (F) (F/D)
Employees
Permanent
Male 466 466 100 421 421 100
Female 5 5 100 5 5 100
Other than
Permanent
Male 28 28 100 27 27 100
Female 0 0 100 0 0 100
Workers
Permanent
Male 50 50 100 139 139 100
Female 0 0 100 0 0 100
Other than
Permanent
Male 994 994 100 1116 1116 100
Female 97 97 100 91 91 100

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

Male Female
Number Median remunera on/salary/ Number Median
Wages of respec ve remunera on/salary/
category* Wages of respec ve
category*
Board of Directors 8 NA* 1 NA*
(BoD)
Key Managerial 4 5,93,06,087 (Annually) 0 -
Personnel
Employees other than BoD and 422 18,625 (Per Month) 5 18,625 (Per Month)
KMP
Workers 135 11,100 (Per Month) 0 11,100 (Per Month)
*The Directors are en tled to si ng fee only

4. Do you have a focal point (Individual/ Commi ee) responsible for addressing human rights impacts or
issues caused or contributed to by the business? (Yes/No)
The Company has established commi ees under the Sexual Harassment of Women at Workplace
(Preven on, Prohibi on and Redressal) Policy and Grievance Redressal Policy to address various issues. The
Grievance Redressal Policy addresses grievances rela ng to bias, favouri sm, vic misa on, and humilia on

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

The organisa on has various policies such as “Whistleblower Policy,” “Grievance Redressal Policy,” “Sexual
Harassment of Women at Workplace (Preven on, Prohibi on and Redressal) Policy,” that address various
human rights issues. Wri en complaints received from aggrieved persons are addressed in accordance
with the procedures laid down in these policies.

110 Annual Report 2023-24

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

Fy2023-2024 FY2022-2023
Current Financial Year Current Financial Year
Filed Pending Remarks Filed Pending Remarks
during resolu on during the resolu on
the at the end of year year at the end of
year year
Sexual Harassment Nil Nil - Nil Nil -
Discrimina on at Nil Nil - Nil Nil -
workplace
Child Labour Nil Nil - Nil Nil -
Forced Labour/ Nil Nil - Nil Nil -
Involuntary Labour
Wages Nil Nil - Nil Nil -
Other human rights Nil Nil - Nil Nil -
related issues

7. Mechanisms to prevent adverse consequences to the complainant in discrimina on and harassment

cases. The Company has a zero tolerance policy towards harassment of any kind, including sexual
harassment.

As per the “Sexual Harassment of Women at Workplace (Preven on, Prohibi on and Redressal) Policy (the
policy), in order to conduct a free and fair enquiry and avoid adverse consequences to the complainant the
Internal Commi ee cons tuted under this policy may recommend any of the following to the
management:

• Transfer the aggrieved woman (complainant) or respondent to any other workplace.

In addi on:
• During the enquiry proceedings the complainant and/or their witnesses shall be called separately to
ensure an atmosphere free of in mida on.
In case of redressal of other grievances (related to supervision, viz bias, favouri sm, etc. or
vic misa on, humilia on and disputes with other employees, covered under the Company's
“Grievance Redressal Policy”), the policy strictly s pulates that an “aggrieved employee” shall not be
vic mised for raising a grievance.

8. Do human rights requirements form part of your business agreements and contracts?(Yes/No)

Yes, human rights requirements do form a part of our business agreements and contracts. Contracts with
service providers and material suppliers mandate that the vendor must not engage child labour while
providing services/ material. The Company also ensures that all contractual workers are paid a minimum
wage

9. Assessments for the year: FY 2023-2024

% of your plants and offices that were assessed (by
en ty or statutory authori es or third par es)
Child Labour 100%
Forced/Involuntary Labour 100%
Sexual harassment 100%
Discrimina on at workplace 100%
Wages 100%
Others-please specify N.A.

10. Provide details of any correc ve ac ons taken or underway to address significant risks / concerns
arising from the assessments at Ques on 9 above.
There were no significant risks/concerns arising from the assessment

Annual Report 2023-24 111

 Leadership Indicator

1. Details of a business process being modified / introduced as a result of addressing human rights
grievances/complaints.
Majority of our employess are provided with human rights training. There is a policy on Human Rights of the
Company available on intranet and website of the Company.For all new employees who are on boarded,
Human Rights awareness is part of the induc on session. For workers category, face to face/ classroom
session on the code of conduct is done which includes aspects of Human Rights.

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

3. Is the premise/office of the en ty accessible to differently abled visitors, as per the requirements of the
Rights of Persons with Disabili es Act, 2016? No

4. Details on assessment of value chain partners:

% of value chain partners (by value of business done with such partners)
ed
Sexual Harassment 0.00%
Discrimina on at 0.00%
workplace
Child Labour 0.00%
Forced Labour/ Involuntary 0.00%
Labour
Wages 0.00%
Others-please specify 0.00%
N

5. Provide details of any correc ve ac ons taken or underway to address significant risks/ concerns
arising from the assessments at Ques on 4 above.
NA

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

Essen al Indicators
1. Details of total energy consump on (in Joules or mul ples) and energy intensity, in the following format:

Parameter FY 2023-2024 Fy2022-2023

(Current Financial (Previous Financial Year)
Year)
Total electricity consump on (A) Mw/hr 751,127 768,363
Total fuel consump on (B) NIL NIL
Energy consump on through other sources (C) NIL NIL
Total energy consump on(A+B+C) 751,127 768,363
Energy intensity per rupee of turnover 77.801 95.135
(Total energy consump on/ turnover in rupees) kj/rupee

Energy intensity (op onal)- the relevant metric may be NIL NIL
selected by the en ty

Note: Indicate if any independent assessment/evalua on/assurance has been carried out by an
external agency? (Y/N) If yes, name of the external agency. No

2. Does the en ty have any sites / facili es iden fied 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 ac on taken, if any. NO

112 Annual Report 2023-24

 3. Provide details of the following disclosures related to water, in the following format:
Parameter FY 2023-2024 Fy2022-2023
(Current Financial Year) (Previous Financial Year)
Water withdrawal by source (in kiloliters)
(i) Surface water 359,890 434,305
(ii) Groundwater - -
(iii) Third party water - -
(iv) Seawater/desalinated water - -
(v) Others - -
Total volume of water withdrawal (in kiloliters) 359,890 434,305
(i+ii+iii+iv+v)
Total volume of water consump on (in kiloliters) 359,890 434,305
Water intensity per rupee of turnover 0.020 0.0149
(water consumed/turnover)litres/ rupee
Water intensity (op onal)- NIL NIL
The relevant metric may be selected by the en ty

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

4. Has the en ty implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage
and implementa on. No

5. Please provide details of air emissions (other than GHG emissions) by the en ty, in the following format:
NA
Parameter Please specify FY 2023-24 FY 2022-23
unit (Current Financial Year) (Previous Financial Year)
NOx MICROGRAM/CUM 50.79 58.84
Sox MICROGRAM/CUM 39.43 64.770
Par culate ma er (PM) MICROGRAM/CUM 55.82 70.12
Persistent organic pollutants (POP) NA NA NA
Vola le organic compounds (VOC) NA NA NA
Hazardous air pollutants (HAP) NA NA NA
Others-please specify NA NA NA

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

6. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity, in the
following format:
Parameter Unit FY 2023-2024 FY2022-2023
(Current Financial (Previous Financial
Year) Year)
Total Scope 1 emissions NA NA
(Break-up of GHG into CO2, CH4,N2O,HFCs,PFCs,SF6,NF3, if equivalent
available)
Total Scope 2 emissions NA NA
(Break-up of GHG into CO2, CH4,N2O,HFCs,PFCs,SF6,NF3, if equivalent
available)
Total Scope 1 and Scope 2 emissions per rupee of turnover NA NA
Total Scope 1 and Scope 2 emission intensity (op onal)
-the relevant metric may be selected by the en ty

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

Annual Report 2023-24 113

 7. Does the en ty have any project related to reducing Green House Gas emission? If Yes, then provide
details. YES

The Company con nuously plants saplings on the over burden dump, safety zones, haulage road barriers,
public road barriers. etc. at the mines, with good survival rates

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

Parameter Fy2023-24 Fy2022-23

(Current financial Year) (Previous Financial Year)
Total Waste generated (in metric tonnes)
Plas c waste (A)
E-waste (B)
Bio-medical waste (C) NIL
Construc on and demoli on waste (D)
Ba ery waste (E)
Radioac ve waste (F)
Other Hazardous waste. Please specify, 5200 LTS 1000 LTS
If any. (G) Used Oil
Other Non-hazardous waste generated (H). NIL NIL
Please specify, if any.
(Break-up by composi on i.e. by materials
Relevant to the sector)
Total (A+B+C+D+E+F+G+H)
For each category of waste generated, total waste recovered through recycling, re -using or other recovery opera ons (in metric tonnes)
Category of waste
(i) Recycled NO NO
(ii) Re-used NO NO
(iii) Other recovery opera ons
Total
For each category of waste generated, total waste disposed by nature of disposal method (in metric tonnes)
Category of waste
(i) Incinera on NA NA
(ii) Landfilling 72819 MT 53339 MT

(iii) Other disposal opera ons(For Fly Ash brick) 62744 MT 65627 MT
Total

Note: Indicate if any independent assessment/evalua on/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 prac ces adopted in your establishments. Describe the strategy
adopted by your company to reduce usage of hazardous and toxic chemicals in your products and
processes and the prac ces adopted to manage such wastes.

The company has a well-established waste management system in place.

Slag generated is used for land filling. Fly Ask generated is u lized in the brick industry.

10. If the en ty has opera ons/offices in/around ecologically sensi ve areas (such as na onal parks, wildlife
sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regula on zones etc.)
where environmental approvals / clearances are required.
No.

114 Annual Report 2023-24

 11. Details of environmental impact assessments of projects undertaken by the en ty based on applicable
laws, in the current financial year:

Name and EIA Date Whether Results Relevant

brief details of No fica on conducted by communicated Web
project No. in public link
independent
domain
external
(Yes/No)
agency
(Yes/No)
NA

12. Is the en ty compliant with the applicable environmental law/ regula ons/ guidelines in India; such as
the Water (Preven on and Control of Pollu on) Act, Air (Preven on and Control of Pollu on) Act,
Environment Protec on Act and Rules thereunder (Y/N). If not, provide details of all such non-
compliances, in the following format: Yes

S.No. Specify the law/ Provide details Any fines/ penal es/ Correc ve
regula on/ guidelines of the ac on taken by regulatory ac on taken,
which was not non-compliance agencies such as pollu on if any
complied with control boards or by courts

NA

Leadership Indicators
1. Provide break-up of the total energy consumed (in Joules or mul ples) from renewable and non-
renewable sources, in the following format:

Parameter Fy2023-24 Fy2022-23

(Current Financial Year) (Previous Financial Year)
From renewable sources
Total electricity consump on(A)
Total fuel consump on(B) NIL NIL
Energy consump on through other NIL NIL
Sources (C)
Total energy consumed from renewable sources (A+B+C) NIL NIL
From non-renewable sources
Total electricity consump on (D) MW/hr 751,127 768,363
Total fuel consump on (E) Nil Nil
Energy consump on through other sources Nil Nil
Total energy consumed from non-renewable sources (D+E+F) - -

Note: Indicate if any independent assessment/ evalua on/assurance has been carried out by an external
agency? (Y/N) If yes, name of the external agency.
No.

Annual Report 2023-24 115

 2. Provide the following details related to water discharged:

Parameter FY2023-24 Fy2022-23

(Current Financial Year) (Previous Financial Year)
Water discharged by des na on and level of treatment (in kiloliters)
(i) To Surface water NA NA
- No treatment
- With treatment -please specify level of 7300KL 7300KL
treatment
(ii) To Groundwater NA NA
- No treatment
- With treatment -please specify level of Cooling water so ner(backwash)- PH Cooling water so ner(backwash)- PH
treatment neutralise neutralise
(iii) To Seawater NA NA
- No treatment
- With treatment -please specify level of
treatment
(iv) Sent to third-par es NA NA
- No treatment
- With treatment -please specify level of
treatment
(v) Others
- No treatment
- With treatment -please specify level of
treatment
Total water discharged (in kiloliters)

Note: Indicate if any independent assessment/evalua on/assurance has been carried out by an external
agency?(Y/N) If yes, name of the external agency. No

3. Water withdrawal, consump on and discharge in areas of water stress (in kiloliters): NA

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

Parameter Unit Fy2023-24 Fy2022-23

(Current Financial (Previous Financial
Year) Year)
Total Scope 3 emissions Metric tonnes of CO2 NA NA
(Break-up of the GHG into CO2, CH4,N2O,HFCs, equivalent
PFCs,SF6,NF3 if available)
Total Scope 3 emissions per rupee of turnover
Total Scope 3 emission intensity (op onal) –
The relevant metric may be selected by the en ty
Note: Indicate if any independent assessment/evalua on/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 sensi ve areas reported at Ques on 10 of Essen al Indicators above,
provide details of significant direct & indirect impact of the en ty on biodiversity in such areas along-with
preven on and remedia on ac vi es. NA

6. If the en ty has undertaken any specific ini a ves or used innova ve technology or solu ons 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 ini a ves : No

116 Annual Report 2023-24

 7. Does the en ty have a business con nuity and disaster management plan? Give details in 100 words/
web link.
The Company and all the loca ons have a business con nuity and a disaster management plan in place.
The Main objec ve of BCP is to maintain business con nuity under disrup ve incidents with an aim to
minimize impact on-
- Human Life and other living beings
- Environment and related eco systems
- Economic losses
- All stakeholders(such as investors,employees)
- To make this BCP more robust, Company plans training and awareness sessions across the plant
loca ons. Apart from training,BCP tes ng is done periodically to check its efficacy and improving
it further based on the gaps observed during tes ng.

8. Disclose any significant adverse impact to the environment, arising from the value chain of the en ty.
What mi ga on or adapta on measures have been taken by the en ty in this regard.
There has been no significant adverse impact to the environment arising from our value chain partners.

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

Although informal and formal awareness programs are being conducted for the value chain partners, we
are yet to collect and collate the data and informa on in the required format.

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

Essen al Indicators

1. a. Number of affilia ons with trade and industry chambers/associa ons. 4

b. List the top 10 trade and industry chambers/ associa ons (determined based on the total
members of such body) the en ty is a member of / affiliated to.

S.No. Name of the trade and industry Reach of trade and industry chambers/
chambers/associa ons associa ons (State/Na onal)
1. Confedera on of Indian Industry Na onal
2. Indian Chamber of Commerce Na onal
3. FOSBECCI Associa on State
4. Damodar Valley Power Consumers’ Associa on State

2. Provide details of correc ve ac on taken or underway on any issues related to an -compe ve conduct by
the en ty, based on adverse orders from regulatory authori es.

Name of authority Brief of the case Correc ve ac on taken

None

Leadership Indicators

1. Details of public policy posi ons advocated by the en ty:

Annual Report 2023-24 117

 1. Details of public policy posi ons advocated by the en ty:

S.No. Public Method Whether informa on Frequency of review by Web-link, if

Policy resorted for such available in public available
advocated advocacy domain? Half yearly/
(Yes/No) Quarterly/Others-please
specify)
None

PRINCIPLE 8 Businesses shou ld promote inclusive growth and equitable development

Essen al Indicators

1. Details of Social Impact Assessments (SIA) of projects undertaken by the en ty based on applicable laws,
in the current financial year.
The Company has not undertaken any Social Impact Assessments in the current financial year.
2. Provide informa on on project(s) for which ongoing Rehabilita on and Rese lement (R&R) is being
undertaken by your en ty, in the following format:
The Company currently does not have any project for which rehabilita on and rese lement is required.

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

Grievances of the community are reported to concerned officers at respec ve loca ons,.
These grievances are escalated to senior management, who provide resolu on a er careful delibera ons.

4. Percentage of input material (inputs to total inputs by value) sourced from suppliers:
FY2023-24 FY2022-2023
Current Financial Year Previous Financial
Directly sourced from MSME/Small producers 9.69% 0.20%

Sourced directly from within the district and neighboring 8.80%

districts 28%

Leadership Indicators
1. Provide details of ac on taken to mi gate any nega ve social impacts iden fied in the
Social Impact Assessments (Reference: Ques on 1 of Essen al Indicators above):

Details of nega ve Correc ve ac on taken

social impact iden fied
NA NA

2. Provide the following informa on on CSR projects undertaken by your en ty in

designated aspira onal districts as iden fied by government bodies: No

3. (a) Do you have a preferen al procurement policy where you give preference to
purchase from suppliers comprising marginalized /vulnerable groups? No

4. Details of the benefits derived and shared from the intellectual proper es owned or
acquired by your en ty (in the current financial year), based on tradi onal knowledge:
NA

118 Annual Report 2023-24

 5. Details of correc ve ac ons taken or underway, based on any adverse order in intellectual property related
disputes wherein usage of tradi onal knowledge is involved. NA

6. Details of beneficiaries of CSR Projects:

The company prefers to carry out its CSR Project and programmes through divers means. The Company has setup its
own Trust namely BMA Founda on, to carry out CSR Project and programs. The Company also support Government
/ Non-Government structures / setup and encourages. In – house team to ini ate CSR programmes.

PRINCIPLE 9 Businesses should engage with and provide value to their consumers in a responsible manner
Essen al Indicators

1. Describe the mechanisms in place to receive and respond to consumer complaints and feedback.
Customer complaints: The mechanisms in place to receive and respond to customer complaints on export and
domes c sales are described below:

Export Sales: Customers no fy the Sales and Marke ng Department (S&M) of any non-conformity. The S&M
Department analyses the complaint and:

(a) if it pertains to quality (chemical and size of the product), it is forwarded to the Head of Manufacturing,
Produc on in-charge, Quality Control (QC) in-charge at the plant for inves ga on.
(b) Other complaints are inves gated by the S&M department.
If the issue (related to size devia on can be resolved as per the provisions of the contract at the des na on, the
Head of S&M shall try to do so with the customer a er consulta on with the Ferro Alloys Business Unit Head. If
required, a Company representa ve(s) may visit the customer to assess and determine the cause of the non-
conformity. The Company representa ve's report is submi ed to the Head of Sales & Marke ng, who in turn in
consulta on with the Ferro Alloys Business Unit Head, takes suitable correc ve and preven ve ac ons.

2. Turnover of products and/services as a percentage of turnover from all products/service that carry
informa on about: NA
3. Number of consumer complaints in respect of the following:
No Complains have been received in any of the given categories in the current or previous financials year.

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

Product recalls are not applicable to the company.

MALs product Ferro Alloys is a non-hazardous, non-toxic item used as a raw material in the steel industry. It does not
pose any threat to the customer, i.e. steel manufacturers and therefore, there are no product recalls on account of
safety issues.

5. Does the en ty have a framework/policy on cyber security and risks related to data privacy? (Yes/No) If
available, provide a web-link of the policy.
Yes, the en ty has a policy on cyber security and risks related to data privacy. The policy is available with the IT
department.

6. Provide details of any correc ve ac ons taken or underway on issues rela ng to adver sing, and delivery
of essen al services; cyber security and data privacy of customers; re-occurrence of instances of product
recalls; penalty/ac on taken by regulatory authori es on safety of products/services.

During the year, there are no reported issues rela ng to adver sing, and delivery of essen al services; cyber security
and data privacy of customers; re-occurrence of instances of product recalls; penalty/ac on taken by regulatory
authori es on safety of products/services.

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