Climate Change Data

Environmental Metrics

Environmental Achievements

• Installed rooftop solar plant generating 1,50,000 units annually, saving 106 Metric Tons in CO2 Emissions per annum.

Social Achievements

• Instituted measures to trace all employees and assure their well-being; ensured safe working conditions and social distancing.

Governance Achievements

• Annual performance evaluation of the Board, Directors, and Committees; compliance with SEBI (LODR) Regulations.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting business activities; loss of demand in first 3-4 months of FY 2020-21; lockdowns; production slowdowns; tougher CO2 emission standards; higher investments in new technologies.

Mitigation Strategies

• Precautionary measures to protect employees from COVID-19; gradual reopening of factory; monitoring material changes to future economic conditions; investments in enhancing capabilities and offerings.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Installed a 110 KW solar plant, reducing carbon footprint and saving 106 Metric Tons in CO2 Emissions per annum.

Social Achievements

• Initiated a vaccination drive for its employees.
• Maintained amicable industrial relations by focusing on increased worker level engagement.

Governance Achievements

• Annual performance evaluation of the Board, directors individually, and the working of its Committees.

Climate Goals & Targets

Environmental Challenges

• Drop in revenues of around 19% due to COVID induced lockdown in Q1 F.Y.21.
• Rise in commodity prices (Polyester yarn, PU Form and Dyes) due to a sharp rebound in demand and Crude Prices.
• Government restrictions on account of the COVID-19 pandemic.
• Predictions of a third wave of the pandemic.

Mitigation Strategies

• Improvement in operating margin despite drop in revenues.
• Efficiency enhancement.
• Subdued prices of key raw materials.
• Initiated a vaccination drive for its employees.
• Ensuring safe working conditions and strict standards of social distancing.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Installed a 110 KW rooftop solar plant, reducing CO2 emissions by 106 Metric Tons per annum.

Climate Goals & Targets

Environmental Challenges

• Volatility in raw material prices (Polyester yarn, PU Form, Dyes) due to global crude prices and supply chain dynamics.
• High capital expenditure and skilled professional shortages.
• Low per capita consumption of technical textiles in India compared to developed countries.

Mitigation Strategies

• Continuous process improvement and technology upgrades.
• Close collaboration with existing customers for new designs and technology upgrades.
• Focus on Quality, Delivery, and Service (QDS) to maintain customer relationships.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• CSR

Environmental Achievements

• Installed rooftop solar project for the generation of renewable energy. The 110 KW solar plant is expected to generate 1,50,000 units annually - saving 106 Metric Tons in CO2 Emissions per annum.

Social Achievements

• Made total CSR contribution of Rs. 30,00,000/- (Thirty Lakhs Only) during FY 2023-24, towards CSR activities by way of donation to Charitable Trust/Society working for the betterment and upliftment of the Blind, Deaf, Widow, Helpless women, mentally challenged, orphans, specially-abled people and Eco –Socio backward part of the Society by providing facilities for their Health, affordable Medical Treatment, Education, affordable Housing and Self-Employment.

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