Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The outbreak of the COVID-19 Pandemic could have a significant effect on our results of operations and could negatively impact our business, revenues, financial condition and result of operations.
• We require certain approvals and licenses in the ordinary course of business, including certain registrations from the Central Insecticides Board and Registration Committee (“CIB &RC”) for our agrochemicals and any failure to successfully obtain such registrations or maintain our statutory and regulatory permits and approvals required to operate our business and manufacturing facility would adversely affect our operations, results of operations and financial condition.
• We are subject to strict technical specifications, quality requirements, regular inspections and audits by our customers and our failure to comply with the quality standards and technical specifications prescribed by such customers may lead to loss of business from such customers and could negatively impact our reputation, which would have an adverse impact on our business prospects and results of operations.
• We typically do not enter into long-term agreements with majority of our customers, which would have a material adverse effect on our business, results of operations and financial condition.
• Our inability to identify and understand evolving industry trends, technological advancements, customer preferences and develop new products to meet our customers’ demands may adversely affect our business.
• Our business is subject to climatic conditions and is cyclical in nature. Seasonal variations and unfavourable local and global weather patterns may have an adverse effect on our business, results of operations and financial condition.
• Any unscheduled, unplanned or shutdowns in our manufacturing operations could have an adverse effect on our business, results of operations and financial condition.
• Inability to meet the quality standard norms prescribed by the central and state governments in India as well as governments of other countries where we export our products, could result in the sales of our products being banned or suspended or becoming subject to significant compliance costs, which could have a material adverse effect on our business growth and prospects, results of operations, financial condition, and cash flows.
• Our operations are subject to environmental and workers’ health and safety laws and regulations. We may have to incur material costs to comply with these regulations or suffer material liabilities or damages in the event of an incidence or non-compliance of environment and other similar laws and regulations which may have a material adverse effect on our reputation, business, financial condition and results of operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• CSR

Environmental Achievements

• Installed solar panels at manufacturing facility, generating 85,320 KW of captive energy.
• Installed a wastewater/sewage treatment plant (STP) with a capacity of 7,800 KL.

Social Achievements

• Conducted pan-India 'Fieldotsav' farmer engagement events.
• Undertook various employee training programs including fire and safety drills, Microsoft Office workshops, and health checkups.

Governance Achievements

• Complied with the requirements of corporate governance as prescribed under Schedule V of the SEBI (LODR) Regulations, 2015.
• Constituted Internal Committees (IC) in compliance with the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013.

Climate Goals & Targets

Environmental Challenges

• Erratic monsoon impacting agricultural activities.
• Export and domestic market headwinds including higher inventories, destocking, declining prices, and subdued demand.
• Average 25% decline in price realizations in the last five months of FY23.

Mitigation Strategies

• Constant monitoring of industry situation and climate forecasts.
• Proactive client engagements.
• Diversified operations across products, customer segments, and geographies.
• Intensified sales promotional activities and expanded sales force to strengthen presence in newer states.
• Backward integration into active ingredients manufacturing to enhance cost competitiveness.

Supply Chain Management

Responsible Procurement

• Strict quality controls and supply reliability

Climate-Related Risks & Opportunities

Physical Risks

• Erratic monsoon

Reporting Standards

Frameworks Used: ISO 9001:2015, ISO 14002:2015, ISO 45001:2018

Certifications: NABL