Evolving

Horizons

Touching lives in more ways than one

PCBL Limited | Annual Report 2022-23

Contents

Pages: 2-79

146

Corporate Overview

Theme Introduction

2

About RP-Sanjiv Goenka Group

4

Corporate Identity

6

Business Model

12

Chairman's Communique

14

Managing Director's Perspective

16

Financial Performance

18

Operating Context

20

Investment Case

22

Stakeholders Engagement

24

Materiality Assessment

30

Risk Management

36

Dynamic Growth Strategy

38

Business Leadership

40

R&D and Innovation

44

Digital Transformation

46

Environment

50

Capability Building (People)

54

Responsible Procurement

58

Customer Centricity & Community

62

Robust Governance Practices

70

Corporate Information

77

Awards and Recognitions

78

Pages: 80-238

Statutory Reports

Notice

80

Board's report

94

Management discussion and analysis

104

Report on corporate governance

146

Business responsibility and

179

sustainability reporting

Pages: 239-376

Financial Statements

Standalone

239

Consolidated

312

Scan

For more investor-related information, please visit https://www.pcblltd.com/investor-relation/financials/annual-reports

At PCBL, we believe in earning the right to grow through efficiency, values and integrity. We lead from the front in thought and action. We follow the highest standards of corporate governance and are very mindful of the environment

Evolving Horizons

2

22 Investment Case

Corporate Identity

6

Market Cap

` 4,382 Crores as on 31 March, 2023

CIN

L23109WB1960PLC024602

BSE Code

506590

NSE Symbol

PCBL

Dividend Declared

` 5.50/- share (on face value

(Interim)

of Re. 1/- each)

AGM Date

11th July, 2023

AGM Mode

Video Conferencing/

Other Audio Visual means

Disclaimer

This document contains statements about expected future events and financials of PCBL Limited which are forward- looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as several factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report.

Evolving

Horizons

Change is the only constant. And change when pointed at a particular desired direction by aligning it with a vision and a purpose is called evolution. Our Annual Report for FY 2021-22 highlighted our resolve to evolve and our endeavour to grow, transform, and explore new possibilities in the world of chemicals. This report summarises the key initiatives that will fuel this journey of evolving horizons.

Businesses operate within a large global ecosystem, and various macroeconomic, social, geopolitical, environmental factors trigger, disrupt, or both, an organisation's approach, and strategy. Highly competitive market conditions and disruptive technologies are changing the face of traditional business models and revolutionising employee and consumer expectations. As a result, businesses actively seek ways to be agile and adapt to the continuous flux effectively. In this VUCA landscape (Volatility, Uncertainty, Complexity and Ambiguity), the ability to adapt and evolve is crucial for businesses that want a competitive advantage.

Annual Report 2022-23

Financial Statements Statutory Reports Corporate Overview

At PCBL, we wholeheartedly embrace the path of evolution and have deployed several enablers in alignment with it. It includes expanding capacity, strengthening global footprint, expanding product portfolio with research and innovation, digitalisation, business diversification, people leadership, and embracing ESG stewardship. This will set the stage for the next phase of our evolution in our quest to be a trusted Global player providing cutting edge solutions to our Partners and an exciting workplace to our People.

2

Our

7 Business

Themes

Driving Evolution

Business Leadership

R&D and Innovation

Digital Transformation

Building Capability

Customer Centricity

Environment, Society

and Governance

Financial Performance

3

About RP-Sanjiv

Goenka Group

With over two centuries of growing legacies, the RPSG Group has established itself as a respected conglomerate in the Indian business realm, with a significant global presence.

Our Corporate Office, the RPSG House is a

Certified Green Building by the Indian Green

Building Council (IGBC)

The RPSG Group is revered for its unwavering commitment to cutting-edge technology and efficient business practices. Today, the Group is a force to reckon with in India's corporate landscape, boasting an impressive asset base of ` 52,800 Crores and consolidated revenue of ` 34,500 Crores.

What sets the organisation apart is its continued focus on excellence, as evidenced by the Group's stellar performance across our various business sectors. With a team of over 45,000+ employees and 10,00,000+ shareholders, the RPSG Group is a shining example of what can be achieved through determination, innovation, and a commitment to success.

4

Annual Report 2022-23

The RPSG Group's diverse business

OverviewCorporate

portfolio comprises

Healthcare

IT-enabled

Media and

Plantations

Reports

services

entertainment

Power

Statutory

FMCG

Infrastructure

chemicals

Retail

Sports

Education and

Statements

RPSG

Core Values

Financial

Group's

Customer First

Execution

Vision

To be a dynamic

Keep customer at the

Excellence

core of every action

Strive to be the best in

conglomerate

driven by

everything we do

sustainable

growth, efficiency,

and innovation

Credibility

Agility

Instill trust, confidence

Move ahead of

and accountability with

time quickly

our actions

Risk-Taking

Humaneness

Dare to go beyond

Be fair, respectful,

transparent, and

sensitive

Sustainability

Be equally responsible for people, planet, profits

5

C o r p o r a t e I d e n t i t y

Robust performance across parameters

Financial

(` Crores)(` Crores)(` Crores)

5,873.89

774.84

444.09

Net Sales

EBItdA

Profit after tax

Annual Report 2022-23

Social

Overview

(` Crores)

(Man Hours)

8.50

71,899

43,900+

Corporate

Allocated

Employee training

Lives impacted

towards CSR

through our CSR

initiatives

Programmes

Reports

Governance

Statutory

(%)

(`)

13

5.5 (@550%)

EBItdA margin

Dividend per share

on face value of

Re. 1/- each

Environment

(MW)(tCO2e)(Gj)

98

8,68,545

21,48,223

Green power

Total GHG emissions

Green energy

generating

(Scope 1, 2 and 3)

produced

capacity

(tCO2e)

(tCO2e/MT)

2,98,233.5

1.94

2,675+

GHG offset

Carbon Black GHG

Saplings Planted

during FY 2022-23

emission intensity

9+ years

Average experience of Directors in the company

7/11

1,65,000+

Independent Directors

Shareholders

(two women Directors and a

lead Independent Director)

Financial Statements

6

7

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Disclaimer

PCBL Ltd. published this content on 19 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2023 12:54:09 UTC.