Manomay Tex India Limited

Climate Impact & Sustainability Data (2020-04 to 2021-03, 2023-04 to 2024-03)

Use of energy efficient CFL and LED lights and changing of Electronics Ballast in place of Copper Ballast
Efforts towards technology absorption included continued efforts for process improvements and improved formulation types / strengths to improve the efficacy, productivity and profitability of the Company.

CSR contribution of Rs. 14,06,529/- towards Tree Plantation, Eradicating hunger and Malnutrition, Promote Education, Ensuring Environmental Sustainability, Promoting Health Care Including Preventinve Health Care, Promote Rural Sports, Nationally Recognized Sports, Paralympics Sports and Olympic Sports, Sanitation, Animal welfare and Empowering Women, Making Available Safe Drinking Water Facilities.
Company treats its human resources as one of its most important assets. Continuous investment in attraction, retention and development of talent.

Vigil Mechanism/ Whistle Blower Policy established.
Company has complied with the requirements prescribed under the secretarial standards on the meetings of the Board of Directors (SS-1) and General Meeting (SS-2) read with the MCA Circulars granting exemptions in view of Covid19 Pandemic.

Significant disturbance and slowdown of economic activity due to the COVID-19 pandemic and nationwide lockdown.
Inadequate or non-availability of raw materials due to volatility in the prices of cotton, transportation cost etc.
Easy entry of various competitors in the market affecting product quality and competitive pricing.
Inability to match the stringent quality standards of leading retail brands consistently.
Increased working capital requirements for business expansion.
Loss of purchasing power due to inflation.
Fluctuations in yarn prices in the international market impacting product price/cost.
Volatility in the forex market affecting realization of the Company's exports (constituting about 50.27% of total turnover).
Logistic constraints (availability of containers & vessels, increased transit time & costs, refusal of acceptance of orders by suppliers).

Management will endeavor to make all efforts to optimizing the cost of production and productivity level in order to have survival and prosper during the current Financial Year 2021-22.
Implementing latest technologies to create new and innovative designs of textile products, techniques required to upgrade plants, boiler house, machines, equipment.
Un-interrupted availability of raw material at competitive prices so as to avoid production loss, maintenance of quality and harmonizing production for completing the orders in time.
Well documented foreign exchange risk policy and currency risks are hedged accordingly through forward contracts.
Risk management framework ensures compliance with SEBI regulations, establishing risk management across all service areas and functions of the Company.

Total Energy Consumption:169.28 Lakh Kwh

Use of energy efficient CFL and LED lights and changing of Electronics Ballast in place of Copper Ballast.
Contribution towards Tree Plantation, Ensuring Environmental Sustainability

Contributed Rs.19.53 lakhs towards Tree Plantation, Eradicating hunger and Malnutrition, Promote Education, Ensuring Environmental Sustainability, Promoting Health Care Including Preventinve Health Care, Promote Rural Sports, Nationally Recognized Sports, Paralympics Sports and Olympic Sports, Sanitation, and Making Available Safe Drinking Water Facilities, etc.

Established a vigil mechanism for directors and employees to report genuine concerns.
The Company has complied with all the applicable requirements specified in Regulation 17 to 27 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quality of power available from the Ajmer Vidhut Vitran Nigam Limited causing frequent interruption in the manufacturing process.
Price fluctuations to keep up with changing demands and trends.
Scarcity of trained labour.
An increase in unit cost, as well as high tariff barriers and export penalties.
High Competition
Fluctuations in yarn prices in international market which can impact the price / cost of a particular product(s) and its blend(s).

Adequate steps for energy conservation.
Signed into technical support service agreements to ensure the proper operation and maintenance of our equipment and machinery.
Strict quality control methods in place, deployed lab testers to ensure that our products will always meet our clients' quality standards
Government initiatives and support for the textile industry
Maintaining reputation, be flexible and timely in responding to quickly changing market demands and consumer preferences and provide customers with a diverse range of textiles at competitive rates.

Frameworks Used: Indian Accounting Standards (Ind AS)