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STAKEHOLDER ENGAGEMENT
The Company believes in routinely engaging with all its stakeholders as it is an imperative part of its business strategy. It engages with various stakeholders through several formal and informal mediums with an objective of understanding their sustainability priorities and/or concerns. This in turn also plays a significant role in guiding the overall sustainability strategy and decision making.
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
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Board and Committees
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Internal control systems
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