Climate Change Data

Cranes Software International Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Electronic copies of the Annual Report 2022-23 and the Notice of the AGM are sent to all the members whose email addresses are registered with the Company.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • The Company has been defaulted in booking and payment of various statutory dues to various statutory authorities.
  • The company has not complied with RBI guidelines since March 2011
  • Redemption of Foreign currency convertible bond amounting to INR. 29,085.00 lakhs (42 million Euros) to the holders of the bonds have fallen due during April 2011 and is yet to be redeemed as on the date of Balance Sheet.
  • Term loans and working capital loan availed by the company from Bank of India amounting to INR 39,006.21 lakhs remain unpaid and are overdue since 2009
  • Winding up petition has been filed by Bank of India against the company, before the Hon'ble High Court of Karnataka for nonpayment of principal and the accrued interest thereon
Mitigation Strategies
  • The Company is in the process of reviewing all RBI filings and will shortly ensure all pending RBI compliances.
  • The Company has remained actively engaged with the FCCB holders toward a mutually favorable resolution - the parties expect a settlement soon which satisfies bond-holders' interests and also sustains the company business by withdrawal of the winding-up petition
  • The Company is actively engaged with Bank of India for settlement of its dues and the discussion with Bank of India is in an advanced stage.

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: Indian Accounting Standards (Ind AS)

Certifications: ISO 9001, SEICMM Level 5, ISO 27001

Third-party Assurance: Chaturvedi Sohan & Co. Chartered Accountants

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed