| Key stakeholders |
Why are they important |
How we engage |
What’s important |
Investors
|
Shareholders and investors play a crucial role in the growth of the business and influence the Company’s business and financial strategy.
|
- Annual General Meeting, Postal Ballots
- Quarterly results and presentations
- Investor interactions
- Annual report and Sustainability report
- SEBI LODR disclosures
|
- Business growth by leveraging the Company’s operating, financial and sustainability strategies
- Timely financial and other statutory disclosures
- Competition and market positioning
- Sound corporate governance mechanism
- Timely receipt of dividends, resolving shareholder grievances and creating awareness of ease of doing business
|
Customers and dealers
|
Customer satisfaction and loyalty is essential for success and business expansion
|
- Customer satisfaction surveys
- Grievance redressal forums
- Dealer and distributor conventions
- Seminars and workshops
|
- Customer satisfaction, loyalty and retention
- Product quality and safety
- New product mix development based on market needs
- Fair and competitive pricing
- Timely and efficient redressal of customer complaints
- Detailed product-related labelling; Adequate information on products
|
Employees
|
Performance of employees, along with their professional development and personal well-being, are significant factors that drive the success of a business.
|
- Employee satisfaction surveys
- Grievance redressal and self-service portals
- Periodical e-bulletins, newsletters and emails
- Workshops, events, and seminars
- Training workshops
- Performance evaluation
|
- Company policies and procedures
- Nurturing work environment
- Career counselling and growth prospects
- Personal and professional growth
- Diversity and equal opportunity
- Health and well-being
- On the job trainings; skill development programmes
|
Suppliers
|
Fostering relationships with suppliers can establish enduring partnerships while creating possibilities for co-operation, knowledge sharing and infrastructural support in the long run.
|
- Meetings with contractors/vendors
- Seminars and workshops
- Supplier feedback surveys
|
- Inclusion of local and MSME suppliers
- Timely payment to suppliers
- Fair, accountable and sustainable supply chain practices
- Improving operational efficiency of logistics
- Supplier financial health, reputation and service quality
|
Local communities
|
Building stronger connections with local communities enables the Company to identify and address concerns, if any
|
- Awareness programmes
- Social media channels
- Sponsorships
- CSR activities
|
- Needs assessment of local communities
- Strengthening relations with local communities
- CSR activities
|
Government and regulatory bodies
 |
Engaging with the Government and various regulatory bodies ensures compliance with regulatory changes.
|
- Annual report and requisite disclosures
- Policy advocacy forums
- Compliance reports
- Notices and circulars
|
- Engaging with government/regulatory bodies to stay compliant with legal and regulatory requirements
- Product safety
- Product quality and standard
- Employee health and safety
- Advocacy of industrial problems and labour-related reforms
|
Board of Directors
 |
Regular communication with the Board allows the Company to assess performance and progress against growth objectives as well as financial and sustainability targets.
|
- Board/ERM/Committee meetings and presentations
- Annual General Meeting
- Familiarisation programme
- Annual report and other requisite disclosures
- Evaluation of board, board committees and individual directors
|
- Sustainable business growth
- Sound corporate governance mechanisms
- Formulation of business strategy, risk management and implementation of key actionable items
- Investor relations
|
Industry associations
 |
Participating with industry organisations, enables the Company to stay informed with best-in-class industry practices, innovations and more sustainable practices.
|
- Conferences
- Technology exhibitions
- Meetings, events, and seminars
- Forums and workshops
|
- Policy advocacy
- Continuous innovation and staying updated with industry developments
- Maintenance of product and service standards
- Cooperation between businesses to ensure overall industry development
|