Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Litigation involving the company, promoter, group companies, and subsidiaries.
• Contingent liabilities not provided for in financials.
• Seasonal nature of the fertilizer business.
• Handling and storage of hazardous materials.
• Related party transactions.
• Non-compliance with certain statutory provisions under the Companies Act.
• Untraceable corporate records.
• Delays in placing orders for machinery and equipment.
• Operation from rental premises with missing documentation.
• Negative cash flows from investing and financing activities.
• Significant working capital requirements.
• Dependence on a few suppliers for raw materials.
• Dependence on a few industrial customers.
• Risks from foreign exchange rate movements.
• Potential decline in demand for SSP.
• Increases in raw material and labor costs.
• Need for various approvals, licenses, and permits.
• Compliance with environmental laws and regulations.
• Risks from industrial accidents.
• Dependence on third-party transportation providers.
• Inadequate insurance coverage.
• Restrictive conditions imposed by lenders.
• Competition from other players.
• Guarantees from the promoter for debt facilities.
• Unsecured loans repayable on demand.
• Lack of alternate arrangements for capital requirements.
• Uncertainty regarding future dividend payments.
• Flexibility in applying the proceeds of the issue.
• Potential for future funds requirements to be prejudicial to shareholders.
• Dependence on key personnel.
• Conflicts of interest.
• Potential for business strategies not being successfully implemented.
• Technological obsolescence.
• Risks from employee misconduct or errors.
• Inadequately stamped or unregistered agreements.
• Equity shares issued in the last twelve months at a lower price than the issue price.

Mitigation Strategies

• Maintaining desired pollution control system.
• Ensuring that all related party transactions are conducted on an arms-length basis.
• Appointing a company secretary.
• Investing in latest technology and having a fully automated plant.
• Exploring alternate arrangements for capital requirements.
• Utilizing internal accruals and seeking additional debt from existing and future lenders to address shortfalls.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Eurasian Golden Industry Award
• Most Innovative Business Person

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• First Company to introduce multicolored speciality Packaging of BOPP laminated woven bags in place of ordinary HDPE sac which retains moisture.

Social Achievements

• Spent Rs. 29,55,000 on CSR activities including road development at Vidhya Bhawan Senior Secondary School, providing safe drinking water, and repairing a building and providing lantern facility at Gandhi Seva Sadhan NGO.
• Maintained cordial employee relations.

Governance Achievements

• Established a vigil mechanism to oversee employee and director concerns and provided safeguards against victimization.
• Adopted an Insider Trading Policy in accordance with SEBI regulations.

Climate Goals & Targets

Environmental Challenges

• Government policies and day-to-day changes impacting company functioning.
• Demand/supply situation, government policies, subsidies, and raw material prices affecting future costs and revenues.
• Competition risk in the fertilizer industry.

Mitigation Strategies

• Formal enterprise-wise approach to risk management.
• Implementation of audit committee suggestions and recommendations to improve control environment.
• Emphasis on energy efficiency through investments in high-efficiency motors and replacement of fuel for hot air generation.

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: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Multicolored BOPP laminated woven bags

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The factory remained non-operational for most of the year due to the company being under Corporate Insolvency Resolution Process (CIRP).
• Sundry Debtors of Rs. 20,80,08,392.29 outstanding for the period exceeding three years with no recovery.

Mitigation Strategies

• The Board noted the challenges and plans to make full provision on the outstanding amount of Rs. 20,80,08,392.29 in the coming financial year and develop new policies to combat associated losses.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Premium Zincated SSP