Setubandhan Infrastructure Limited

Climate Impact & Sustainability Data (2018-04 to 2019-03, 2020-04 to 2021-03)

Use of natural light through bigger windows, skylights, etc.
Increase in power factor by using additional capacitors and automation in control panel.
Monitoring and control of running time of compressors of air conditioners.
Replacement of conventional copper chokes with energy-efficient electronic ballast.
Replacement of older window air conditioners to star rated air conditioners for power saving.
Commenced use of LED lights to reduce energy consumption.
Installed high efficiency lighting fixtures and old high-power consumption light fittings have been replaced by low power consumption light fittings.

Association with EkalVidyalaya (Single Teacher School) operating in tribal areas through VanavasiKalyan Ashram.
Provides educational loan through Maheshwari Charitable Trust in Usmanabad.

Implemented a Board Evaluation Framework for performance evaluation of Independent Directors, Board, Non-Independent Directors and Chairman of the Company.
Adopted a Code of Conduct for Prevention of Insider Trading.
Implemented a Vigil mechanism & Whistle blower policy.

Devolvement of Letter of Credits after the financial year ended March 31, 2019 due to Financial Crisis accountable to unfavourable Business Scenario for the Company.
Delayed statutory clearances, costly construction material, and inadequate financing options, and competition from new and young players, who because of inexperience tend to quote unreasonably and unworkably low prices.

The Board and the Audit Committee provides oversight and review the risk management policy periodically.
Put in place the risk management framework, which helps to identify various risks cutting across its business lines.

Frameworks Used: Ind AS

Third-party Assurance: GAG and Associates, Chartered Accountants

Impact made by the COVID 19 pandemic, have caused a 23.9 % slump in the economy in the April to June quarter. The construction sector which employs nearly 51 million people (the second largest employer in the country) and contributes approximately 9% of the nation’s GDP was hurt just as much or more. The Industry is still recovering from the aftermaths of first wave and second wave has hit the country worst. With labour shortage at project sites, liquidity crisis, rising project costs and dwindling demands construction activities continue to remain disrupted across the country.

The Board and the Audit Committee provides oversight and review the risk management policy periodically. Your company putting place the risk management framework, which helps to identify various risks cutting across its business lines. The risks are identified and are discussed by the representatives from various functions. Our governance and compliance processes, which include the review of internal control over financial reporting ensure that all the assets of the Company are insured, safeguarded and protected against any loss and that all the transactions are properly authorized, recorded and reported. It also conducts regular internal audits to test compliance with the statutory requirements.