Medium Risk

Happy Forgings Limited

Metal & Metal Products

CIN: L28910PB1979PLC004008 FY: - Revenue: ₹1,408.9 Cr
5.5
ESG Risk
Score /10
Compliance RiskEpr ExposureGhg Intensity

Risk Breakdown

GHG Intensity
5.0
Water Intensity
5.0
Waste Intensity
2.7
EPR Exposure
6.5
Compliance Risk
10.0
HR Risk
3.0
Governance Risk
3.0

Financial Exposure

Est. Compliance Cost₹2–8 crore
EPR ApplicableUnknown
Scope 1 Emissions— tCO2e
Scope 2 Emissions— tCO2e
Water Withdrawal— m³
Waste Generated27,342.0 T

Governance

Anti-Corruption PolicyYes
Conflict of Interest PolicyYes
BRSR AssuranceNone
Assurance Provider

Double Materiality

Financial Materiality5.5
Impact Materiality4.9
QuadrantFinancially Material

Supply Chain

MSME Sourcing—%
Lifecycle AssessmentNo
Product ReclaimYes

⚠ Data Anomaly Flags

Automated sector-relative analysis of public BRSR data. Not a regulatory determination.

Sector Risk Outlier ESG risk 5.5 is 1.4σ above sector mean (5.3)

Material Risks

e-waste

ESG Targets & Commitments

TopicTarget / MetricStatus
Human Rights in Supply Chain HR clauses in all contracts Commitment

AI Risk Summary

**Financial Risk Summary – Happy Forgings Limited** Happy Forgings faces critical compliance exposure under SEBI BRSR Core Expansion, with a maximum 10.0/10 compliance risk score and estimated remediation costs of ₹2–8 crore; non-compliance could trigger enforcement action and delisting risk for top-tier listed entities. The company's 6.5/10 EPR exposure is unresolved—applicability of Extended Producer Responsibility obligations under Indian e-waste and plastic rules remains unclear, creating contingent liability risk that could add ₹1–3 crore annually if manufacturing triggers EPR thresholds. GHG and water intensity risks (both 5.0/10) are moderate but material given the metal sector's emissions profile; at India's carbon credit price of ₹600–900/tonne, unquantified Scope 1 and 2 emissions represent hidden cost exposure if carbon pricing mechanisms tighten. Immediate priority: formalize EPR applicability determination, complete BRSR P6 environmental disclosures, and baseline actual GHG/water data to prevent regulatory penalties

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

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