Honasa Consumer Limited

Material Risks

AI Risk Summary

**Financial Risk Summary: Honasa Consumer Limited** Honasa's primary financial exposure stems from compliance risk (10/10 rating) coupled with uncertain EPR (Extended Producer Responsibility) applicability, creating potential liabilities of ₹3–11 crore under SEBI BRSR Core Expansion and sector-specific environmental disclosure requirements. The company faces elevated regulatory obligation risk given missing Scope 1 and 2 emissions data—critical for BRSR P6 environmental disclosures—which could trigger SEBI enforcement action or delisting penalties if not remediated. With EPR exposure rated 6.5/10 and applicability still unknown, Honasa risks unquantified future compliance costs if classified as a producer under India's packaging waste rules. Immediate action required: conduct emissions inventory assessment, clarify EPR status, and establish documented compliance framework to mitigate ₹3–11 crore estimated exposure and avoid regulatory sanctions.

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