Climate Change Data

Environmental Metrics

ESG Focus Areas

• Product quality and safety
• Occupational Health and Safety
• Regulatory Compliance
• Product innovation
• Sustainable Supply Chain Management
• ESG Governance Risk
• Talent Management
• Data Integrity and Cyber Security

Environmental Achievements

• Installed effluent treatment plant at all manufacturing sites to treat wastewater, using treated effluent for gardening.

Social Achievements

• Implemented a comprehensive program for the management of waste generated from operations.
• Implemented various initiatives to minimize generation of waste in manufacturing processes.
• Provided safe and healthy working conditions for the prevention of work-related injury and ill health.

Governance Achievements

• Complied with all mandatory requirements of Corporate Governance of the SEBI Listing Regulations.
• Followed non-mandatory requirements as stated in the Corporate Governance Report.

Climate Goals & Targets

Environmental Challenges

• Huge fluctuation in input cost for one of our key products.
• Unfavorable Policy Changes in drug pricing and other laws impacting operations.
• Competition Risk from domestic and multinational companies.
• Input Cost Risk due to change in prices of raw materials, power and other input costs.

Mitigation Strategies

• Devised an alternate route for manufacturing the key product.
• Developed a focused and aggressive receivables management system to ensure timely collections.
• Created strong differentiators in execution, quality and delivery to be resilient to competition.
• Judiciously managed the debt-equity ratio using a mix of loans and internal cash accruals.

Supply Chain Management

Supplier Audits: NA

Responsible Procurement

• Screening suppliers based on their ESG performance (future plan)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001:2015, GMP

Third-party Assurance: Krishaan & Co. (Chartered Accountants)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Corporate Social Responsibility

Environmental Achievements

• Converted all plants lighting from 4 pin PLL to LED at Vapi factory
• Replaced FL & LED lamps with LED panels at Haridwar factory
• Exploring the feasibility of installing 300 KW solar plant at Haridwar factory
• Installed a scrubber system to mitigate process emissions at Vapi factory
• Transitioning from CFL bulbs to LED bulbs to improve energy efficiency at Haridwar factory
• Replacing air conditioners using R-22 with those using R-32 at Haridwar factory

Social Achievements

• Launched REMITHEM® (REMIFENTANYL) in India
• Focus on Thrust Brands yielding good results
• Initiated plans for backward integration into specific APIs
• Entered into agreements with two new dedicated contract-manufacturing organizations in Gujarat
• Filed more than 75 dossiers for formulations in RoW markets

Governance Achievements

• Constituted Nomination and Remuneration Committee
• Constituted Stakeholders Relationship Committee
• Constituted Risk Management Committee
• Constituted Corporate Social Responsibility Committee
• Annual evaluation of Directors, Committee and Board

Climate Goals & Targets

Environmental Challenges

• Unfavorable Policy Changes
• Credit Risk
• Interest Rate Risk
• Competition Risk
• Poor supplier service
• Uncertainty in demand

Mitigation Strategies

• Credit policy with credit limit requests and approval procedures
• Focused and aggressive receivables management system
• Investment in R&D and its people
• Strong differentiators in execution, quality and delivery
• Judicious management of debt-equity ratio
• Mix of loans and internal cash accruals
• Well managed working capital

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: GMP, ISO 9001:2015