Climate Change Data

Environmental Metrics

Environmental Challenges

• Operational losses in FY2020-2021, FY2021-2022, and FY2022-2023 resulting in no CSR liability for FY2022-2023.
• Resignation of key personnel (CEO, CFO, CS & CO) leading to delays in finalizing financial statements and holding the AGM.
• Loan with Indiabulls Housing Finance Limited categorized as NPA.

Mitigation Strategies

• The company is optimistic of being able to leverage the increased demand for larger homes due to the pandemic and increase the carpet area sold.
• The company has positioned itself in MMRDA (Mumbai Metropolitan Region Development Authority) marked by absence or lesser availability of organized players, translating into a bigger share of affordable housing business.
• The company’s projects are situated in centralized suburban locations in close proximity to railway stations, ensuring easy access to the central business district.
• The company has a systematic approach to acquire large land tracts at reasonable rates. It holds properties in the form of MoU’s as opposed to conveyance, reducing Costs. The Company has a well defined material procurement plans and identified key vendor’s tie-ups to control raw material costs.
• The company has a planned approach to strategies its operations and project development plans through exploring economically beneficial Joint Ventures to fund its projects and mitigate the cash flow mismatches.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Bansal Bansal & Co. Chartered Accountants