Shree Rama Multi-Tech Limited

Climate Impact & Sustainability Data (2018-04 to 2019-03, 2021-04 to 2022-03)

Slight decline in company performance due to plant capacity constraints.
Increased cost of Aluminium Foil due to Anti-Dumping Duty.
Government initiatives discouraging single-use plastics and promoting recyclable plastics.
Pollution control boards insisting on EPR (Extended Producer Responsibility) for packaging companies.

Focus on overseas markets, resulting in 18% export sales growth.
Installation of two new tubing lines to increase capacity.
Initiatives to innovate affordable solutions for recyclable plastics.
Undertaking measures to comply with government regulations on recyclable plastics and EPR.

Increase in the cost of raw material, transportation cost, low margin and stiff competition in the market including the effect of Covid 19 pandemic.
Government has notified the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022.
Recent development regarding Pollution control boards insisting on EPR (Extended Producer Responsibility) for all packaging oriented companies and cost implications of same are also another aspect where we may have to incur further cost by capital investment in the machineries to comply with the directions under government regulations.

Endeavor to reduce raw material cost by in-house production of certain material. Effective planning to grow substantially in Laminates, Flexible Packaging materials, Cost control for better productivity and effective utilization of available resources. Marketing and research & development for better quality of products and streamlining of manufacturing activities and endeavor to centralize the manufacturing facility and efforts to explore the overseas market to grow export.
Your company is undertaking several initiatives to innovate possible and affordable solution to the issue of single-use plastics.