Welspun Living Limited Submits Business Responsibility and Sustainability Report for FY 2023-24

Welspun Living Limited Submits Business Responsibility and Sustainability Report for FY 2023-24

Welspun Living Limited Submits Business Responsibility and Sustainability Report for FY 2023-24
Welspun Living Limited, earlier known as Welspun India Limited, hereby submits the BRSR for the fiscal year 2023-24 to BSE and NSE on September 4, 2024. In the present case, BRSR is submitted under Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which comes in line with the regulatory requirement of maintaining transparency and accountability in corporate governance. The BRSR reflects the focus of Welspun Living on sustainability-related practices, conforming to corporate social responsibility initiatives that are of immense importance in the corporate world today. It also reinforces responsible corporate behavior by the company through filing this report in addressing environmental, social, and governance standards. This also plays an important role in efforts undertaken by the company to meet stakeholder expectations for building trust among its investors, customers, and other partners. Most importantly, the renaming from Welspun India Limited to Welspun Living Limited is one of the key things in the submission. This would, therefore, reveal its strategic move to extend product portfolios covering lifestyle segments. The rebranding befits market trends and the company's expanded vision toward being more lifestyle-oriented, which consolidates further in the industry. This report filed with BSE and NSE presents to the investors and other stakeholders a detailed view of the operation of Welspun Living, with particular emphasis on sustainability. The management, guided by the Company Secretary, Shashikant Thorat, maintains well-defined and responsible corporate governance that aims to ensure all operational activities are ethical and sustainable. The inclusion of BRSR in the company's annual report presents systemic and transparent reporting by the company, which provides material insights related to Welspun Living's performance during the financial year 2023-24. The report also furthers the image of the company as a responsible company by providing a comprehensive view of its environmental and social propositions. This transparency is expected to help attract socially responsible investors and customers who base their decisions on principles of sustainability. Through strategic communication by way of submissions to renowned exchanges like BSE and NSE, Welspun Living ensures that its voice is the voice of every investor and stakeholder. The publication of this report is, therefore, very instrumental in building its reputation as a market leader in sustainability—a key face of modern corporate scape. By doing so, Welspun Living is adhering not only to the call of good governance in line with the regulatory framework of SEBI but also giving signals toward an active, sustainable future. Welspun Living's leadership, under the company secretaryship of Shashikant Thorat, has ensured that the company is transparent to further cement the trust in the company among its stakeholders. This leadership hierarchy reassures the investors in the firm that Welspun can steer it through responsible corporate governance and at the same time remain committed to goals for long-term sustainability. Conclusion: The submission of Welspun Living Limited's BRSR to BSE and NSE reflects a continued commitment to transparency, sustainability, and corporate responsibility. By lending high importance to regulatory compliance and efficient communication with stakeholders, the company is poised to optimize its reputation and responsibly attract investors. This fast-evolving face of business ensures that Welspun Living operations increasingly resonate with larger lifestyle and sustainability trends, reinforcing their position as an important player in the industry. Source: BRSR Credit: Welspun Living Limited

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow