Climate Change Data

Environmental Metrics

Environmental Achievements

• Installed Water level controllers in Tanks of 4 Nos. Humidification Plants of Reg. A/J Dept. and thereby reduced wastage due to overflow & thus achieved Savings in Water Consumption
• Installed VFD (Variable Frequency Drive) in Fan Motor of Multi Cyclone of Dryers of Garment Processing & thus able to achieve Saving of Power
• Reused Water and saved in Water Treatment (ETP) 2.15 lac M3 water
• Replaced old pump with new energy efficient pumps in ETP, saved one lac unit per year

Social Achievements

• Industrial relations in your Company, during the year under review continued to be cordial and harmonious.
• The Company has in place as Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC)has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual,temporary, trainees) are covered under this policy. No sexual harassment complaint was received during the year under review.

Governance Achievements

• The Company has formulated a whistle Blower Policy to establish a Vigil Mechanism for Directors/ Employees and other Stakeholders of the Company to report concern about illegal or unethical behavior and practices, actual orsuspected fraud or violation of the Company’s Code of Conduct. The Mechanism provides for adequate safeguards against victimization of Directors, employees and others who use such mechanism and makes provisions for direct excess to the Chairman of the Audit Committee.

Climate Goals & Targets

Environmental Challenges

• There was no improvement in the business scenario of the Textile Industry and is continued to remain challenging.
• rising production costs, arising out of rising wages, power and interest costs.
• Currently the Indian Denim Industry is going through sluggish phase due to exponential capacity expansion which has created a time bound oversupply situation.
• financial constraint

Mitigation Strategies

• Various measures and steps have been taken in the matterof cost control, product mix borrowing at cheaper ratesand process improvement for improving efficiency.
• TheCompany would continue its endeavors to increase therevenues to improve its productivity and profits in thecoming years.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• tencel denim with variants and finer denim with 60s count

Environmental Metrics

Environmental Achievements

• Installed LED T/L on machines as well as installed LED street lights
• Installed Variable Frequency Drives
• Replaced inefficient motors by IE3 efficient motors

Social Achievements

• Industrial relations in your Company, during the year under review continued to be cordial and harmonious.
• The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013 to ensure harassment free workplace for employees.

Governance Achievements

• Your Company upholds the Standards of Governance and is compliant with the provisions of Corporate Governance, as Stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (listing Regulations).

Climate Goals & Targets

Environmental Challenges

• There was no improvement in the business scenario of the Textile Industry and is continued to remain challenging.
• stiff competition
• Ever increasing input costs, high interest rates, high debt burden coupled with high volatility in forex market, adverse market conditions and general economic slow-down had severe adverse impact on the workings and the financial performance of the Company.
• rising production costs, arising out of rising wages, power and interest costs.
• Currently the Indian Denim Industry is going through sluggish phase due to exponential capacity expansion which has created a time bound oversupply situation.

Mitigation Strategies

• The Management is taking necessary and adequate steps to improve workings and profitability of the Company.
• Various measures and steps have been taken in the matter of cost control, product mix borrowing at cheaper rates and process improvement for improving efficiency.
• The Company would continue its endeavors to increase the revenues to improve its productivity and profits in the coming years.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Sustainable Products & Innovation

• Developed some new fabric with new finishes