Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced power cost

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Rupee appreciation making exports difficult
• Protectionism adopted by US harming exports
• Competitor countries' bilateral agreements affecting Indian exports
• Cyclical crises in the textile industry

Mitigation Strategies

• Exploring new avenues like technical textiles
• Expedite bilateral agreements for textile exports
• Timely action to overcome cyclical crises through corrective and proactive steps

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• In Kovilpatti Mills, due to replacement of 50 Nos of LED 18 Watts tube lights in place of Fluorescent Tube Lights and use of BEECHEM Beruspin Spindle oil in 70 Nos - Spinning Machines in A, B & C Unit, 5,832 Units per month of energy saving achieved.

Climate Goals & Targets

Environmental Challenges

• The operations of the Company were fully suspended from 1st April, 2020 to 5th May, 2020 due to the total lockdown imposed by the Government to control the spread of COVID-19.
• Export of yarn and fabrics accounted for ` 2,321 Lakhs as against ` 4,180 Lakhs in the previous year, a decrease of around 44.47% from the previous year’s performance.

Mitigation Strategies

• After commencing the operations partially from 6th May, 2020, with the relaxations announced, the Company gradually ramped up its capacity utilization.
• The performance of the Company improved substantially in the second half of the year as the demand for yarn increased.
• The Company achieved better results on account of change in yarn count pattern and increase in rental income.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Challenges

• Adverse market conditions in domestic and export fronts affected yarn production, resulting in lower turnover and inability to work at full capacity.
• Geopolitical unrest (Ukraine and Middle East conflicts) severely impacted trading activities.
• Prolonged economic impact of global conflicts, 11% import duty on cotton, and issues related to Manmade Fibre Quality Control Order led to a significant drop in capacity utilization.
• Geopolitical unrest in the Red Sea drove shipping freight higher, causing order delays and cancellations.

Mitigation Strategies

• Continuous cost control measures.
• Expansion of rental services to attract well-known hypermarkets and international brands.
• Schemes of Modernisation to improve productivity and increase capacity are in place.
• Company follows a comprehensive and integrated risk management process to anticipate, evaluate and mitigate risks.

Supply Chain Management

Climate-Related Risks & Opportunities