Mangalam Global Enterprise Limited

Climate Impact & Sustainability Data (2019-20, 2020-04 to 2021-03, 2021 to 2024)

An Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment.

The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity.

In assessing the recoverability of Company’s assets such as Investments, Loans, intangible assets, Trade receivable, Inventories etc. the Company has considered internal and external information upto the date of approval of these financial results. The Company has performed sensitivity analysis on the assumptions used basis the internal and external information / indicators of future economic conditions and expects to recover the carrying amount of the assets and management has assessed, as a part of going concern assessment, impact of current event regarding COVID-19 and on entity’s operations and forecasted cash flow and management has a positive view regarding the operations of the Company.

Covid-19 pandemic impacting supply chain management and economic activity.
Fluctuating prices of castor beans affecting castor oil market.
Unstable weather conditions impacting castor oil supply.
Reduced quality of nitrogen management and soil nitrogen supply affecting rice production.
High cost and increasing competition in the mustard market.
Deforestation and high water consumption in soybean cultivation.

Company gradually adapted to changing situations and executed operations ensuring limited interruptions during the pandemic.
Company implemented a comprehensive and integrated risk management framework to minimize the impact of identified risks.
Company uses DOC (Biofuel) instead of coal in boiler to reduce the total cost of conservation of energy.

Frameworks Used: Ind AS

Seasonal volatility in business due to seasonal availability of raw materials (Castor Seeds and Raw Cotton).
Fluctuations in the prices of raw materials.
High volume-low margin business model.
High risk of fire hazards due to the flammable nature of cotton.
Raw materials and finished products susceptible to deterioration over time.
Need for various approvals, licenses, and permits.
Dependence on third-party transportation.
Potential inadequacy of insurance coverage.
Restrictive conditions imposed by lenders.
Guarantees from Promoters and Promoter Group for debt facilities.
Dependence on senior management and skilled professionals.
Related party transactions.
Estimates for funding requirements and Net Proceeds deployment.
Outstanding legal proceedings.