Climate Change Data

Environmental Metrics

Environmental Achievements

• Made capital investment on energy conservation equipment

Social Achievements

• Ensured employee safety and wellbeing during the pandemic, including facilitating virtual work.
• Continued focus on recruiting and grooming employees to build a strong leadership pipeline.
• Maintained positive working relationship with employees, with no work stoppages due to labor disputes.
• Implemented training programs for workforce and policies promoting a positive work environment free of harassment.

Governance Achievements

• Migrated securities from NSE’s SME Platform to Main Board Platform of NSE & BSE Limited.
• Issued Bonus Shares in the ratio of 3:5.

Climate Goals & Targets

Environmental Challenges

• Uncertainties induced by the COVID-19 pandemic, supply chain disruptions, and unexpected inflation in commodity prices.

Mitigation Strategies

• Agile measures such as warehouse modernisation, maintaining supply availability, and ramping up new product development.
• Cost optimisation, product mix improvement, and suitable pricing actions to counter commodity-led input costs.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Launched employee well-being program (implied by mention of cordial industrial relations and training programs)

Governance Achievements

• Established a whistleblower policy/vigil mechanism
• Constituted an Internal Complaints Committee (ICC) under The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013

Climate Goals & Targets

Environmental Challenges

• Commodity price fluctuations
• Rupee depreciation
• Accelerated inflation rates
• Increasing input costs
• Higher commodity prices
• Hyper-competition in the marketplace
• Potential economic slowdown
• Geopolitical events impacting supply

Mitigation Strategies

• Cost optimisation
• Product mix improvement
• Suitable pricing actions
• Warehouse modernisation
• Maintaining supply availability
• Ramping up new product development
• Transition of fans business to new BEE norms with 100% readiness

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Edu-care and Skill Development Programs
• Health Care Programs
• Build India & Relief

Social Achievements

• Provided health care services to the economically backward people
• Improved the quality of life of socially and economically backward people
• Promoted education and skill development

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• energy efficiency
• sustainability

Environmental Achievements

• Launched several new fan models incorporating advanced technology and design improvements. These innovations not only enhance performance but also align with our commitment to energy efficiency and sustainability.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• inflationary pressures
• BEE star rating transition in fans
• erratic weather condition
• fluctuating commodity prices
• global uncertainties, including geopolitical tensions and supply chain disruptions

Mitigation Strategies

• optimized manufacturing processes
• improved supply chain efficiencies
• implemented state-of-the-art technologies to increase productivity and reduce costs
• investing in R&D and expanding our product lines to meet the shifting needs of our customers
• cost-saving programme, product mix improvement, and calibrated pricing enabled it to sustain margins and profitability

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

• BLDC fans

Awards & Recognition

• Not disclosed