JK TYRE & INDUSTRIES LIMITED Business Responsibility and Sustainability Report
Business Responsibility & Sustainability Report (BRSR)
Section A: General Disclosures
- Details of the listed entity
- Corporate Identity Number (CIN) of the Listed Entity
- Name of the Listed Entity
- Year of incorporation
- Registered office address
- Corporate address
- Telephone
- Website
- Financial year for which reporting is being done
- Name of the Stock Exchange(s) where shares are listed
- Paid-upCapital
- Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report
L67120RJ1951PLC045966
JK Tyre & Industries Ltd.
1951
Jaykaygram, PO - Tyre Factory, Kankroli - 313 342 (Rajasthan)
3, Bahadur Shah Zafar Marg, New Delhi- 110 002
investorjktyre@jkmail.com
02952-233400/ 233000
www.jktyre.com
2021-22
BSE Ltd. and National Stock Exchange of India Ltd.
`49.25 Crore
Shri Arun K. Bajoria
Director & President-International Operations Tel. Number- +91 11 68201106
E-mail id: akbajoria@jkmail.com
13. Reporting boundary - Are the disclosures under this report | The disclosures under this report are made on a standalone basis | |
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) |
- Products/services
14. Details of business activities (accounting for 90% of the turnover):
S. | Description of Main Activity | Description of Business Activity | % of Turnover of the entity | ||
No. | |||||
1. | Manufacturing | Manufacturing and Sale of Automotive Tyre, Tubes & Flaps and ancillary services. | 99.62% |
15. Products/Services sold by the entity (accounting for 90% of the entity's Turnover):
S. | Product/Service | NIC Code | % of total Turnover contributed | |||
No. | ||||||
1. Automotive Tyres, tube and Flaps | 22111* | *As per National Industrial Classification (2008) | 99.62 % | |||
- 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 | 6 (at 4 locations) | 181 | 187 | |||
International | NIL | 3 | 3 |
17. Markets served by the entity:
- Number of locations
Locations | Number |
National (No. of States)
International (No. of Countries)
29 States/ PAN India
100+ Countries
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JK Tyre & Industries Limited
-
What is the contribution of exports as a percentage of the total turnover of the entity? Exports from India - `1,566.15 crores
% to Total Turnover - 19.42% -
A brief on types of customers:
Company serves Automobile Original Equipment Manufacturers (OEMs), Truck fleets, Smart fleet buses including State Transport Undertakings, Cars-private owned/fleets, Farm equipment, Earthmovers, Construction equipment, 2-3wheeler makers, Replacement markets and also Exports its products.
IV. Employees
18. Details as at the end of Financial Year:
- Employees and workers (including differently abled):
- Particulars
No.
- Permanent (D)
- Other than
- Total employees (D + E)
- Permanent (F)
- Other than Permanent (G)
- Total workers (F + G)
Total (A) | Male | Female | ||
No. (B) | % (B / A) | No. (C) | % (C / A) | |
EMPLOYEES | ||||
1920 | 1881 | 97.97% | 39 | 2.03% |
241 | 239 | 99.17% | 2 | 0.83% |
Permanent (E) | ||||
2161 | 2120 | 98.10% | 41 | 1.90% |
WORKERS | ||||
3975 | 3968 | 99.82% | 7 | 0.18% |
5189 | 5125 | 98.77% | 64 | 1.33% |
9164 | 9093 | 99.22% | 71 | 0.78% |
- Differently abled Employees and workers:
- Particulars
No.
- Permanent (D)
- Other than Permanent (E)
- Total differently abled employees (D + E)
- Permanent (F)
- Other than Permanent (G)
- Total differently abled workers (F + G)
Total (A) | Male | Female | ||
No. (B) | % (B / A) | No. (C) | % (C / A) | |
1 | 1 | 100% | - | - |
- | - | - | - | - |
1 | 1 | 100% | - | - |
DIFFERENTLY ABLED WORKERS | ||||
10 | 10 | 100% | - | - |
0 | 0 | - | - | - |
10 | 10 | 100% | - | - |
19. Participation/Inclusion/Representation of women
Board of Directors
Key Management Personnel*
*Including three Executive Directors
Total (A) | No. and percentage of Females | |
No. (B) | % (B / A) | |
12 | 2 | 16.66% |
5 | 0 | NIL |
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Business Responsibility and Sustainability Report
20. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years)
FY 2021-22 | FY 2020-21 | FY 2019-20 | ||||||||||
(Turnover rate in the year prior to | ||||||||||||
(Turnover rate in current FY) | (Turnover rate in previous FY) | |||||||||||
the previous FY) | ||||||||||||
Male | Female | Total | Male | Female | Total | Male | Female | Total | ||||
Permanent Employees | 199 | 7 | 206 | 172 | 2 | 174 | 227 | 5 | 232 | |||
(9.4%) | (0.3%) | (9.71%) | (7.88%) | (0%) | (7.97%) | (10.12%) | (0.2%) | (10.34%) | ||||
Permanent Workers | 161 | - | 161 | 97 | - | 97 | 115 | 4 | 119 | |||
(4.38%) | (4.38%) | (2.53%) | (2.53%) | (2.73%) | (0.09%) | (2.82%) |
- Holding, Subsidiary and Associate Companies (including joint ventures)
21. (a) Names of holding / subsidiary / associate companies / joint ventures
- Name of the holding / subsidiary / associate companies/ No. joint ventures (A)
Indicate whether | ||
holding/ | % of shares held by listed | Does the entity indicated at column A, participate |
Subsidiary/ | in the Business Responsibility initiatives of the | |
Associate/ Joint | entity @ | listed entity? (Yes/No) |
Venture |
1 | Bengal & Assam Company Ltd. | Holding | 52.80% | NO | |||
2 | J. K. International Ltd. | Subsidiary | 100% | These are foreign entities. Hence, they follow | |||
the laws of their respective countries/regions. | |||||||
3 | J. K. Asia Pacific Ltd. | Subsidiary | 100% | ||||
4 | J. K. Asia Pacific (S) Pte. Ltd. | Subsidiary | 100% | ||||
5 | 3D Innovations Pvt. Ltd. | Subsidiary | 100% | NO | |||
6 | Cavendish Industries Ltd. | Subsidiary | 87.46% | YES | |||
7 | Lankros Holdings Ltd. | Subsidiary | 100% | These are foreign entities. Hence, they follow | |||
the laws of their respective countries/regions. | |||||||
8 | Sarvi Holdings Switzerland AG | Subsidiary | 100% | ||||
9 | JK Tornel, S.A. de C.V | Subsidiary | 99.98% | ||||
10 | Comercializadora América Universal, S.A. de C.V | Subsidiary | 99.98% | ||||
11 | Compañía Hulera Tacuba S.A. de C.V | Subsidiary | 99.98% | ||||
12 | Compañía Hulera Tornel, S.A. de C.V | Subsidiary | 99.98% | ||||
13 | Compañía Inmobiliaria Norida, S.A. de C.V. | Subsidiary | 99.98% | ||||
14 | General de Inmuebles Industriales, S.A. de C.V | Subsidiary | 99.98% | ||||
15 | Gintor Administración, S.A. de C.V | Subsidiary | 99.98% | ||||
16 | Hules Y Procesos Tornel S.A. de C.V. | Subsidiary | 99.98% | ||||
17 | Valiant Pacific LLC | Associate | 49% | ||||
18 | Western Tire Holdings, Inc. | Associate | 40% | ||||
19 | Hari Shankar Singhania Elastomer & Tyre Research | Associate | 24% | YES | |||
Institute # | |||||||
20 | Dwarkesh Energy Ltd. | Associate | 35% | NO | |||
(OCCRPS -33.33% **) | |||||||
21 | Treel Mobility Solutions Pvt. Ltd. | Associate | 26% | YES |
@ Percentage of shares held represents aggregate % of shares held by the Company and/or its subsidiaries, wherever applicable ** OCCRPS - Optionally Convertible Cumulative Redeemable Preference Shares
# Hari Shankar Singhania Elastomer and Tyre Research Institute, is an approved Scientific and Research Institute which cannot distribute Equity Dividend to its shareholders being a Company licensed under Section 25 of the Companies Act, 1956.
VI. CSR Details
22. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/ No)
(ii) | Turnover (in `) | 8,062.26 crores |
(iii) | Net worth (in `) | 2,526.10 crores |
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JK Tyre & Industries Limited
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:
Grievance Redressal | |
Stakeholder group from whom | Mechanism in Place (Yes/No) |
complaint is received | (If Yes, then provide web-link |
for grievance redress policy) |
FY 2021-22 | FY 2020-21 | ||||
Current Financial Year | Previous Financial Year | ||||
Number of | Number of Remarks | Number of | Number of | Remarks | |
complaints | complaints | complaints | complaints | ||
filed during | pending | filed during | pending | ||
the year | resolution at | the year | resolution at | ||
close of the | close of the | ||||
year | year |
Communities | NIL | NIL | NIL | NIL | NIL | NIL | NIL | |||
Investors (other than shareholders) | NIL | NIL | NIL | NIL | NIL | NIL | NIL | |||
Shareholders | Yes** | 4 | 0 | ** | 2 | 0 | ** | |||
www.jktyre.com | ||||||||||
Employees and workers | Yes# | 0 | 0 | - | 0 | 0 | - | |||
Customers | Yes | 2397 | 0 | - | 1840 | 0 | - | |||
www.jktyre.com | ||||||||||
Value Chain Partners | Yes | 0 | 0 | - | 0 | 0 | - | |||
www.jktyre.com | ||||||||||
Others-Local community | Yes | 0 | Regular connect with | 0 | 0 | - | ||||
www.jktyre.com | Local communities | |||||||||
through various need- | ||||||||||
based CSR interventions | ||||||||||
- The Company has a dedicated Manager level employee who regularly keeps a track of the complaints received from shareholders and promptly responds (say 2 to 3 days) to the complainant to ensure that the complaint is resolved immediately to the satisfaction of the shareholder without any delay. All the complaints of shareholders received during a quarter, if any and actions taken thereon are placed before a Board Level Committee, constituted under Regulation 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 178 of the Companies Act, 2013.
# Web link of the Policy is not available, only policy is available - "SAMADHAN" at Kankroli Tyre Plant..
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
S. | Indicate whether risk or | Rationale for identifying the | In case of risk, | Financial implications of the risk or | ||
Material issue identified | approach | to adapt | opportunity (Indicate positive or | |||
No. | opportunity (R/O) | risk / opportunity | ||||
or mitigate | negative implications) |
Please refer the "Materiality section" of our Integrated Annual Report 2021-22
Section B: Management and Process Disclosures
This section is aimed at helping businesses demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements.
Disclosure Questions
Policy and management processes
- a. Whether your entity's policy/policies cover each principle and its core elements of the NGRBCs. (Yes/No)
- Has the policy been approved by the Board? (Yes/ No)- NOTE 1
- Web Link of the Policies, if available- Note 2
- Whether the entity has translated the policy into procedures. (Yes / No)
P 1 | P 2 | P 3 | P 4 | P 5 | P 6 | P 7 | P 8 | P 9 |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
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JK Tyre & Industries Limited published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 07:23:03 UTC.
