Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Replaced many ordinary lights with high-quality LED lights, saving electricity.
• Added & commissioned a new IR centrifugal compressor, saving around 1500 units per day.

Social Achievements

• Supported an institute in tie-up with Nettur Technical Training Foundation (NTTF), providing diploma courses in Mechatronics and Tool & Die Design Engineering.
• Signed an MoU with IIT Bombay for activities relating to promoting education.

Governance Achievements

• Established a Whistle Blower Policy.
• Implemented a Corporate Social Responsibility (CSR) Policy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic temporarily disrupted operations in manufacturing units, distribution centers, and warehouses.
• Weakening consumer sentiment due to macroeconomic conditions and supply and demand disruptions caused by COVID-19.

Mitigation Strategies

• Developed and implemented energy-saving measures (LED lights, new compressor).
• Focused on safety of employees, protecting supply lines, serving demand, contributing to society, and optimizing cost and cash.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• The Company practices are targeted at seeking cost optimization, ensuring environment sustainability, societal well-being and ethical conduct. Priority is given to local suppliers.

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

• Next-generation drum closures.
• MÄCH ONE lightweight formwork system.
• Temporary Labour Shelter.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• In drum closure division, designed a modular Indirect Evaporative Cooler of Compressor Cooling Water using RO Reject Water, conserving energy and fresh water.

Social Achievements

• Supported an Institute in tie up with Nettur Technical Training Foundation (NTTF), providing diploma courses in Mechatronics and Tool & Die Design Engineering, creating employment opportunities.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on economy and business.
• Increase in costs of steel, aluminium, zinc and ocean freight.
• Slowdown in construction activities due to COVID-19.
• Challenging business environment in textile sector and lower capacity utilization.

Mitigation Strategies

• Closely monitoring the situation and taking necessary measures.
• Developing new markets and products.
• Enhancing value-added services to customers.
• Developing appropriate risk mitigation measures.
• Strengthening existing business practices and policies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Criteria for selection of suppliers/vendors include resource efficiency, product quality, life cycle, environment impact, etc.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2000 (Cotton Yarn division)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Temporary Labour Shelter
• MÄCH ONE Aluminum formwork

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Installed a heat recovery unit, evaporating approximately 2500 liters of water per day and recovering 2500 liters of vapor condensate.
• Installed waste heat plating chemical chiller, saving approximately 30% energy compared to conventional water chiller.

Social Achievements

• Supported an Institute in tie up with Nettur Technical Training Foundation (NTTF), providing diploma courses in Mechatronics and Tool & Die Design Engineering.
• Signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Bombay (IIT Bombay) for CSR activities.

Governance Achievements

• Complied with Corporate Governance guidelines as laid out in the SEBI Listing Regulations.
• Established a Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Global slowdown affecting 70% of revenue.
• Foreign exchange volatility.
• Increased commodity prices (steel & cotton).
• Risk in capital allocation for inorganic growth.

Mitigation Strategies

• Developing new markets and products.
• Enhancing value-added services.
• Developing appropriate risk mitigation measures.
• Monitoring Risk Management System.
• Strengthening business practices and policies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Cost optimization, environment sustainability, societal interest and resource efficiency.
• Preference given to vendors complying with sustainability principles.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Indian Accounting Standards (Ind AS)

Certifications: ISO 9001:2000 (Cotton Yarn division)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Temporary Labour Shelter
• MÄCH ONE Aluminum Formwork

Awards & Recognition

• Not disclosed