Valiant Organics Limited — Important, 02-09-2025: Updates

VLL became an indirect associate post-IPO. The company incurred immaterial regulatory fines, while significantly reducing accounts payable days. Environmental capex surged to 33%, with five of six plants achieving Zero Liquid Discharge. Energy and GHG emissions declined due to efficiency and wind power. Sourcing from MSMEs and domestic suppliers increased. One worker fatality was reported.