Annual Integrated Report 2022-23

About our Integrated Report

Our FY 2022-23 Integrated Report provides relevant information to our shareholders and other stakeholders about performance, governance, material risks and opportunities, strategy and future prospects of Deepak Nitrite Limited.

Reporting period

The report, published annually, provides material information relating to the Company’s strategy and business model, operating context, material risks, stakeholder interests, performance, prospects and governance for the period between April 1, 2022 and March 31, 2023.

Reporting boundary

The Integrated Report is prepared on a consolidated basis unless disclosed otherwise. The reporting boundary includes all offices and facilities.

Financial and non-financial reporting

The Report extends beyond financial reporting and includes non-financial performance, opportunities, risks and outcomes attributable to or associated with our key stakeholders, which have a significant influence on our ability to create value.

Our approach to materiality

The Report focusses on information that is material to its business. It provides a concise overview of the Company’s performance, prospects and ability to provide sustainable value for all its stakeholders. The legitimate interests of all stakeholders have been taken into account and all material information has been included in this report.

Our capitals

All organisations depend on various forms of capital for their value creation. Our ability to create long-term value is interrelated and fundamentally dependent on various forms of capital available to us (inputs), how we use them (value-accretive activities), our impact on them and the value we deliver (outputs and outcomes).

Frameworks, guidelines and standards

This Report aligns with the principles and guidelines of the

  • International <IR> framework by Value Reporting Foundation formerly known as International Integrated Reporting Council (IIRC)
  • United Nations Sustainable Development Goals (UN-SDGs)
  • The Companies Act, 2013 (and the rules made thereunder)
  • The Indian Accounting Standards
  • Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standards issued by the Institute of Company Secretaries of India
Sustainability/ESG indices participation

We are proud to have our efforts in sustainable development recognised by industry-leading rating and ranking agencies like EcoVadis Sustainability assessment. We have achieved Silver Rating with sustainability rating of 83rd percentile. Our Dahej Facility has 100% score in ‘Together for Sustainability’ (TfS) assessment at its maiden attempt, which is a rare achievement. This reaffirms Deepak Group’s greater commitment towards sustainability.

Forward-looking statements

Certain statements in this document constitute ‘forward-looking statements’, which involve known and unknown risks and opportunities, other uncertainties and important factors that could turn out to be materially different following the publication of actual results. These forward-looking statements speak only as of the date of this document. The Company undertakes no obligation to update publicly, or release any revisions, to these forward-looking statements, to reflect events or circumstances after the date of this document, or to reflect the occurrence of anticipated events.

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