Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Innovation
• Intellectual Property Rights (IPR)

Environmental Achievements

• Developed low-cost Bio-Compostable plastic for daily use
• Introduced Oxy-Fresh films, a post-harvest packaging solution to reduce wastage in fruits and vegetables
• Developed water-soluble films (WSF) for packaging hazardous chemicals, promoting proper disposal

Social Achievements

• Appointment of Mr. Neil Patel as Vice President Marketing (requires shareholder approval)
• Focus on building a dedicated team to foster company growth
• Nagra-Arrow Secure Card Pvt Ltd (NASC) joint venture for smart card technology

Climate Goals & Targets

Environmental Challenges

• Drastic drop in business after discontinuing digital machines business
• Economic downturn
• Bad monsoons affecting sales of weedicides and fungicides
• Downturn in garment exports affecting WSF demand
• Competition from unspecified materials from China

Mitigation Strategies

• Focus on core business of patented water-soluble films and bio-compostable films
• Foray into pharmaceuticals and nutraceuticals using patented technology
• Entry into crop protection business using patented process and product
• Strengthening SBUs with energetic human assets and technical support
• Focus on businesses totally in their control and protected by patents
• Widening distribution channels for exports

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Water-soluble films
• Bio-compostable films
• Oxy-Fresh films
• Mouth Melting Strips

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Innovation

Environmental Achievements

• Developed low-cost Bio-Compostable plastic for daily use
• Introduced OXY-Fresh films, a post-harvest packaging solution to reduce waste in fruits and vegetables

Social Achievements

• Not disclosed

Governance Achievements

• Adopted a Code of Conduct for Board of Directors and Senior Management Personnel

Climate Goals & Targets

Environmental Challenges

• Challenging top-line and bottom-line performance in the last two years
• Competition from unspecified materials from China
• Overdue debts aggregating Rs. 449.05 Lacs and advances aggregating Rs. 84 Lacs

Mitigation Strategies

• Focus on manufacturing and marketing of own products (water-soluble films and non-soluble bio-compostable films)
• Commissioned one of the world’s widest and largest cast water-soluble film machines
• Exploring new markets for exports
• Securing partners in pharmaceuticals and nutraceuticals

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: EN 13432, DIN V 54900, ASTM D 6400-99

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Water-soluble films
• Bio-compostable plastics
• Oxy-Fresh films
• Mouth Melting Strip

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Innovation

Environmental Achievements

• Developed and started trial of commercial production of low-cost Bio-Compostable plastic from Potato starch.
• Promulgated the use of Bio-Compostable products and Water Soluble Films (WSF) for packaging hazardous materials, reducing environmental damage.

Social Achievements

• Successfully completed a Rights Issue, strengthening the company's financial position.
• Entered the European market, creating new export opportunities.

Governance Achievements

• Appointed Mr. Neil Patel and Mr. Harish Mishra as Additional Directors.
• Re-appointed Mr. Vijay Dhar and Mr. Faredun Taraporwala as Directors.
• Re-appointed Mr. Shilpan P. Patel as Managing Director.

Climate Goals & Targets

Environmental Challenges

• Challenging economic conditions in both India and the global economy.
• Competition from non-specified materials (like blown films) from China, leading to price pressure.
• Significant overdue debts and advances.

Mitigation Strategies

• Strengthening internal business strategies to remain buoyant.
• Focusing on manufacturing and marketing of own products secured by patents.
• Developing alternative sourcing strategies (implied).

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Water Soluble Films (WSF)
• Bio-Compostable plastics
• Oxy Fresh Films
• Mouth Melting Strips (MMS)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Innovation

Environmental Achievements

• Developed water soluble films meeting WHO standards for dissolving completely in water without environmental damage.
• Developed bio compostable materials made from renewable resources like potatoes.

Social Achievements

• Various NGOs and company efforts to propagate the use of WSF in packaging hazardous chemicals.
• Successfully entered the European market for water soluble films.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Competition from unspecified materials (like blown films) from China, leading to price pressure and lower margins.
• Need for non-soluble Bio Compostable Plastics is gaining attention.

Mitigation Strategies

• Focus on core competency and expansion in patented technology-based products.
• Investments in automation and acquisition of new equipment for water soluble film manufacturing.
• Development of new grades and products based on patented technology.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2008

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Water Soluble Film (WSF)
• Mouth Melting Strip (MMS)
• Bio compostable materials

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Overdue debts aggregating Rs. 3987.876 Lacs.
• Undisputed statutory dues pending payment.

Mitigation Strategies

• Company is hopeful of total realization of overdue debts.
• Company is in the process of paying undisputed statutory dues.

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

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Water Soluble Film (WSF)
• Mouth Melting Strip (MMS)
• Bio-compostable films

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Conservation of Energy
• Environmental Sustainability
• Corporate Social Responsibility
• Intellectual Property Rights
• Governance

Environmental Achievements

• Tripled capacity for Watersol film in Gujarat with fully automated machines.
• Developed new cast Water Soluble film for water soluble detergent filled capsules.
• Foray into bio-compostable film as an eco-friendly alternative to toxic plastics.
• Launched KLENZ Pro, cleaning chemicals packed in water-soluble films, reducing plastic use.

Social Achievements

• Focused on creating educated, healthy, sustainable and culturally vibrant communities.
• Contributed to various charitable causes.
• Maintained cordial relationship with workers and employees.

Governance Achievements

• Compliance with Corporate Governance guidelines as laid out in the SEBI Listing Regulations.
• Annual performance evaluation of Directors, Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
• Adopted whistle blower policy for Directors and employees.

Climate Goals & Targets

Environmental Challenges

• Competition from unspecified materials from China, leading to price pressure.
• Illegal imports of patented products.
• Delays in implementing strong regulatory measures on plastic bans.

Mitigation Strategies

• Investing in R&D for new innovative products.
• Working closely with major buyers to secure capacity and prepare for future expansion.
• Promoting Bioplast film and creating awareness among people.
• Strategic alliances to monetize patents and technologies.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Third-party Assurance: Haribhakti & Co. LLP

Sustainable Products & Innovation

• Watersol film
• Bioplast film
• KLENZ Pro
• Edible films

Awards & Recognition

• 2019 National IP Award (MSME sector)