Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Inability to procure desired quality and quantity of raw materials in a timely manner and at reasonable costs.
• Pricing in the steel industry is subject to market demand, volatility and economic conditions.
• Legal proceedings involving the Company, Promoter, and Directors.
• Backward integration processes are set up at units on a leave and license basis.
• Non-compliance with environmental laws in the past.
• Significant portion of domestic sales derived from the western and north zone.
• Working capital intensive business.
• High volume-low margin business.
• Negative cash flows in the last three financial years.
• Under-utilization of production capacities.
• Lack of requisite approval for constructing a portion of factory premises at Unit-I.
• Inability to collect receivables from customers.
• Dependence on a few customers for a major part of revenues.
• Borrowings from commercial banks and financial institutions.
• Contingent liabilities.
• Related party transactions.
• High attrition rate of Directors and Key Managerial Personnel.
• Non-payment of dividend accrued on Preference Shares.
• Inability to accurately forecast demand or price for products and manage inventory.
• Delayed filing/incorrect filings with the Registrar of Companies.
• Need to obtain, renew, or maintain statutory and regulatory permits and approvals.
• Assumptions and estimates used for installed production capacity and capacity utilization.
• Financing agreements contain covenants that limit flexibility.
• Lack of registered trade names or trademarks.
• High debt-equity ratio.
• Highly competitive and fragmented industry.
• Dependence on third-party transportation providers.
• Production units located in one geographic area.
• Inability to identify or respond to evolving preferences and trends.
• Production units and office premises on leasehold/leave and license basis.
• Significant risks and hazards in operating and maintaining units.
• Reliance on declarations furnished by senior management.
• Inability to protect, strengthen, and enhance reputation.
• Unscheduled or prolonged disruption of manufacturing operations.
• Dependence on relationships with customers.
• Stringent environmental, health, and safety laws and regulations.
• Inadequately stamped or unregistered agreements.
• Dependence on adequate and uninterrupted supply of electrical power.
• Use of contract labor.
• Inability to effectively manage growth.
• Potential for unionization, work stoppages, or increased labor costs.
• Fluctuations in average selling prices of stainless steel.
• Dependence on Promoter, Directors, and key managerial personnel.
• Potential downgrading of credit rating.
• Inability to renew quality accreditations.
• Continuing impact of the COVID-19 pandemic.
• Restrictions on import of raw materials.
• Promoter and Promoter Group retaining significant control.
• Non-GAAP measures used.
• Government regulations.
• Changes in technology.
• Company not receiving proceeds from Offer for Sale portion.
• Equity Shares issued at prices lower than Offer Price.
• Promoter providing personal guarantee for loans.
• Industry information derived from a commissioned report.
• Potential for fraud, theft, or embezzlement.
• Discrepancies/errors in statutory filings.
• Foreign exchange risks.
• Dangerous manufacturing activities.
• Unsecured loans from related party.
• No guarantee of timely listing on Stock Exchanges.
• Promoter's interest in Company performance.
• Uncertainty of dividend payments.
• Economic slowdown in India.
• Financial instability in other countries.
• Natural or man-made disasters.
• Differences between Ind AS and other accounting principles.
• Changes in laws and regulations.
• Investment restrictions for foreign investors.
• Downgrade in ratings of India.
• Difficulty enforcing foreign court judgments.
• Rise in inflation.
• Fluctuation in exchange rates.
• Restrictions on exercising pre-emptive rights.
• Limited shareholder rights under Indian law.
• Dilution of shareholding from future issuances.
• Inability to immediately sell Equity Shares.
• Indian taxes on capital gains.
• Strain on resources from being a publicly listed company.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Rising cost of key input materials (stainless steel, aluminum, iron)
• Threat of imports from low-cost destinations like China
• Delays in construction projects impacting demand

Mitigation Strategies

• Backward integration to reduce dependency on outside raw material suppliers
• Government initiatives to create a level playing field against imports (e.g., anti-dumping duties)

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed