WINDSOR MACHINES LIMITED

Climate Impact & Sustainability Data (2021-22, 2022-2023)

Continuous efforts for conservation of energy and reducing emissions through innovative and updated technologies.
Regular planned maintenance of existing equipment/machineries and periodic upgradation to maintain them in good condition, thus lowering energy consumption.
Installation of Energy saving lamps, solar rooftop panels, installation of energy efficient pumps and various other initiatives.

Various initiatives are being taken continuously to Up-skill and strengthen the Human resources within the company.
Labour relations remained conducive across all India operations.
The plants in India created multiple opportunities to promote open and supportive work environment and enhance participative decision making.

Successful implementation and continuous monitoring/Updating of the various SOPs and Authority Matrix introduced earlier, have strengthened the control and regulatory mechanisms within the organization.
The Board has framed Nomination, Remuneration and Evaluation policy pursuant to Section 178(4) of the Companies Act, 2013 and Regulation 19 read with Schedule II of the SEBI (LODR) Regulations, 2015
The Company has adopted a Whistle Blower Policy and has established a vigil mechanism in line with the requirements under the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015

The recent pandemic changed the entire game of plastics industry. Demand for plastics skyrocketed and created multiple ecosystems that offered solutions across varied industries.
Your company, Windsor Machines was severely impacted by the various challenges posed from time to time.
Steep increase of cost of ferrous and non-ferrous raw materials, supply troubles of controls and drives due to semiconductor chip shortages and geopolitical tension caused by Russia-Ukraine war stalled economic recovery.

With persistent and sustained efforts, our team has managed to combat various challenges and achieved a commendable business performance at the end of the financial year.
We at Windsor have taken various initiatives to address these challenges and meet the customer expectations of shorter delivery times.
Windsor continues to explore newer avenues of applications and developing suitable machines and technologies to keep abreast of the competition.

Frameworks Used: Ind AS

Continuous efforts for conservation of energy and reducing emissions through innovative and updated technologies.
Regular planned maintenance of existing equipment/machineries and periodic upgradation to maintain them in good condition, thus lowering energy consumption.
Installation of Energy saving lamps, solar rooftop panels, installation of energy efficient pumps and various other initiatives.

Significant efforts have been dedicated to talent management and succession planning practices, robust performance management, and learning and training initiatives.
Windsor recognizes the importance of human capital in maintaining competitiveness and fosters a culture that nurtures knowledge, entrepreneurship, and creativity.
The company actively promotes diversity in the workforce and invests in focused interventions to support employees’ career growth.

The company has established comprehensive statutory compliance measures to mitigate financial and reputational risks.
The company has effectively implemented various Standard Operating Procedures (SOPs) and Authority Matrix, and continues to monitor and update them regularly.
The company has devised a Policy for performance evaluation of Independent Directors, Board, Committees and other individual Directors

Global economic uncertainty and fragility.
Geopolitical crisis in Europe contributing to global inflation.
Depreciation of the rupee resulting in a higher Current Account Deficit (CAD) and heightened inflationary pressures.

Proactive approach to managing foreign exchange risk.
Active management of interest rate risk.
Periodic reviews to identify and evaluate potential risks that may affect our operations.

Frameworks Used: Ind AS

New products are being launched with better energy saving devices with better efficiencies.