Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• The Company strives to lower its carbon footprint through the implementation of energy efficient practices and increasing in renewable energy sources.

Social Achievements

• CSR expenditure of 34 Lakhs INR. Initiatives included contributions to education, healthcare, and aid for the specially-abled.

Governance Achievements

• The Company has framed a sound Internal Risk Management System to identify and evaluate business risks and opportunities.

Climate Goals & Targets

Environmental Challenges

• Dependence on third-party suppliers for dye and chemical intermediates.
• Increasing competition in the dye and chemical industry.
• Extreme volatility of exchange rates.
• Potential impact of government environmental policy changes.
• Increase in purchase prices, material handling, and transportation costs.
• Lack of a manufacturing facility.

Mitigation Strategies

• Strong relationships with suppliers mitigate cost issues.
• Successful competition through increasing market share.
• Effective financial measures to reduce interest and bank charges.
• Plans to mitigate increased inventory costs and bad debts.
• Strategies to expand portfolio and establish a manufacturing plant in the future.

Supply Chain Management

Responsible Procurement

• Responsible sourcing of raw materials.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• The Company strives to lower its carbon footprint through the implementation of energy efficient practices and increasing in renewable energy sources.

Social Achievements

• CSR activities focusing on education, health, and infrastructure.
• Cordial atmosphere with utmost co-operation amongst employees and the management.

Governance Achievements

• Adoption of Corporate Governance disclosures.
• Implementation of a sound Internal Risk Management System.

Climate Goals & Targets

Environmental Challenges

• Dependence on third-party suppliers for dye and chemical intermediates.
• Increasing competition in the dye and chemical industry.
• Extreme volatility of exchange rate of rupee against US dollar.
• Potential impact of changes in government environmental policies.
• Increase in purchase prices of raw materials, material handling, and transportation.
• Lack of manufacturing facility.

Mitigation Strategies

• Strong relationships with suppliers to mitigate price increases.
• Aggressive strategies to compete with increased competition.
• Effective financial measures to reduce cost of interest and bank charges.
• Plans to mitigate risk of increase in inventory cost, material handling charges, and bad debts.
• Plans to expand its portfolio and establish a manufacturing plant in the future.

Supply Chain Management

Responsible Procurement

• Responsible sourcing of raw materials.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 9001:2015, ISO 14001:2015

Third-party Assurance: Alok Palod & Company Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Sustainability
• Corporate Social Responsibility

Environmental Achievements

• ISO 14001:2015 certified, reflecting our dedication to maintaining the highest standards in environmental responsibility
• efforts in sustainability are deeply integrated into our operations, as we strive to reduce our carbon footprint through energy-efficient practices and an increased reliance on renewable energy sources

Social Achievements

• spent funds on various CSR projects, supporting education, healthcare, child development, and environmental conservation
• maintained a cooperative and positive work environment, reflecting the strong relationship between employees and management

Governance Achievements

• high standards of corporate governance, reflecting our dedication to transparency, accountability, and ethical business practices
• implemented comprehensive corporate governance practices to ensure transparency and accountability

Climate Goals & Targets

Environmental Challenges

• rising energy costs, shipping costs, and logistical constraints
• Raw Material Price Volatility
• Supply Chain Disruptions
• Increasing competition
• lack of an in-house manufacturing facility
• Increase in Purchase Prices
• Extreme volatility of exchange rate

Mitigation Strategies

• focus on enhancing our supply chain and maintaining seamless operations
• optimizing inventory management, negotiating better terms with suppliers, and enhancing credit control mechanisms
• investing in technology, sustainability, and compliance to enhance our market position and operational efficiency
• exploring the opportunities in manufacturing sector

Supply Chain Management

Climate-Related Risks & Opportunities