COSMO FIRST LIMITED

Material Risks

AI Risk Summary

**COSMO FIRST LIMITED – ESG Financial Risk Summary** Cosmo First faces critical compliance exposure under SEBI BRSR Core Expansion with a maximum compliance risk score of 10.0/10; non-disclosure or material misstatement of ESG data could trigger enforcement action or delisting risk for large-cap classification. The company's biggest financial exposure is Extended Producer Responsibility (EPR) liability on flexible packaging films, rated 6.5/10, with estimated compliance costs of ₹4–16 crore annually, yet EPR applicability status remains undetermined—creating contingent liability uncertainty. Concerning data gaps include zero-reporting of Scope 1 and Scope 2 emissions despite manufacturing operations, suggesting either measurement failures or disclosure lapses that violate BRSR P6 environmental reporting requirements and prevent carbon cost quantification under India's CCTS benchmark (₹600–900/tonne). Immediate priorities: formalize GHG measurement protocols, clarify EPR regulatory obligations under plastic waste rules, and establish audited baseline emissions to de-risk compliance penalties and valuation erosion.

Source: COSMO FIRST LIMITED BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.