Climate Change Data

Environmental Metrics

Environmental Achievements

• Installed Air Preheater reducing power load to heat air for combustion and flue gas temperature.
• Installed Air Coolers reducing water purification and power costs.
• Used IE3 Motors for energy savings.
• Designed Continuous Polymerisation Plant Building for ventilation without exhaust fans, reducing energy costs.
• Replaced old electrical panels, cables, and transformers with new, more efficient equipment.
• Installed new Variable frequency drives for high efficiency energy use.
• Installed low power consuming LED lights.
• Eliminated tedious process for movement of main raw materials, saving transportation, bag, handling, and energy costs.
• Increased use of electricity-free turbo vent, resulting in 100% savings.
• Purchased new H.T. Power capacitor banks increasing power factor and reducing energy costs.
• Installed direct melt transfer line to the POY plant saving energy consumed for cooling, cutting, packing, transporting, and re-heating.
• Installing new POY plant with better quality, higher efficiency, lower energy consumption and material wastage.

Governance Achievements

• Reconstituted the Board of Directors pursuant to the NCLT order.
• Reconstituted various committees of the Board.
• Appointed a new Chief Financial Officer.
• Reclassified the Authorised Share Capital.

Climate Goals & Targets

Environmental Challenges

• Company was under Corporate Insolvency Resolution Process.
• Volatile situation in Ukraine and Taiwan.
• Supply-chain disruption, patchy demand and pressure on the bottom line.
• High sea freight costs impacting exports.
• Inflation and anticipated increase in interest rates.

Mitigation Strategies

• Reducing costs and maintaining sustainable debt.
• Successfully navigating cost pressures.
• Movement to value-for-money options for higher volumes.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Waste Management
• Human Rights
• Employee Engagement, safety and Well being
• Product Quality and safety
• Supply Chain Management

Environmental Achievements

• Installed Air Preheater reducing power load to heat air for combustion
• Installed Air Coolers reducing water purification and power costs
• Using IE3 Motors for energy savings
• Designed Continuous Polymerisation Plant Building reducing energy costs
• Replaced old electrical panels, cables, transformers with new efficient equipment
• Installed new Variable frequency drives for high efficiency energy use
• Installed low power consuming LED lights
• Eliminated tedious process for movement of main raw materials saving transportation, bag, handling and energy costs
• Increased use of electricity free turbo vent saving 100%
• Installed direct melt transfer line to POY plant saving energy
• Installing new POY production lines with better quality, higher efficiency and lower energy consumption and material wastage

Social Achievements

• Implemented various policies namely code of conduct, Policy on Sexual Harassment, Whistleblower Policy to protect the Human Rights Issues of the Employees
• Putting efforts to ensure that no human right violations are ensured in the entire line of our business

Governance Achievements

• Formed Risk management Committee
• Appointed Ms. Supriya Mahesh Pujari as Woman Independent Additional Director
• Adopted Dividend Distribution Policy and Risk management policy

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown impacting consumption
• Russia-Ukraine conflict causing disruptions
• Energy crisis leading to high inflation and lower demand
• Economic downturn in neighboring countries
• Volatile situation in Ukraine and Taiwan
• Supply chain disruptions
• Patchy demand
• Pressure on bottom line
• High sea freight costs impacting exports

Mitigation Strategies

• Reduced business with neighboring countries due to business risks
• Reducing costs and maintaining sustainable debt
• Focusing on infrastructure spending and encouraging industries to invest through various schemes

Supply Chain Management

Supplier Audits: periodic audit of vendors

Responsible Procurement

• Operating procedure to approve vendors
• Focus towards the conservation of energy, water & environment at their end

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: National Guidelines on Responsible Business Conduct

Certifications: BIS (POY Yarn)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Recycled yarns, Fire Retardant and Anti Microbial yarns

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Installed a state-of-the-art Effluent Treatment Plant (ETP) with a Reverse Osmosis process for water recycling.
• Recovered and utilized residual heat for preheating atmospheric air, reducing fuel consumption and CO2 emissions.
• Implemented power-saving methods and installed solar power panels.
• Reduced packing material requirements by recycling materials.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed