Climate Change Data

Environmental Metrics

Environmental Achievements

• Initiated use of energy efficient LED lights and energy management systems at our kitchen/offices; implemented initiatives for optimisation of electricity and LPG usage; planned replacement of energy intensive pumps and fans with high efficiency systems; close monitoring and control of energy consumption and frequent energy audits.

Social Achievements

• Industrial relations remained harmonious throughout the year; followed best HR practices across all areas, covering recruitment, induction, development and training, and appraisal systems tied in with defined key result areas; structured induction process at all locations and management development programs to upgrade skills of managers; implemented a Policy on Prohibition, Prevention and Redressal of Sexual Harassment of Women at Workplace.

Governance Achievements

• All related party transactions were on an arm's length basis and in the ordinary course of business; all related party transactions were pre-approved by the Audit Committee; Board comprised of an optimum combination of Executive and Non-Executive Directors; Board had One Executive Director, Three Non-Executive Director and Three Independent Director duly appointed as per the Provisions of the Companies Act, 2013; Board met 5 times during the year; Four Audit Committee Meetings, One Nomination & Remuneration Committee Meetings and one Independent Directors Meeting were held; Annual Performance Evaluation of its own performance and that of its committees and Directors individually was carried out.

Climate Goals & Targets

Environmental Challenges

• Commodity costs, second consecutive monsoon failure and resulting drought meant a distressed rural demand scenario; competition continued to be aggressive; uncertain economic conditions and uncertainty in the price of raw materials; competition from rivals and inflation; risks related to uncertainty about events and possible outcomes that could have a material impact on performance and future prospects of the Company; F&B industry prone to impact of changes in global and domestic economies, inflation, changes in local market conditions, competition in the industry, government policies and regulations, fluctuations in interest rates and other social factors.

Mitigation Strategies

• Company remained focused on delivering volume-led profitable growth; relentless focus on execution and cost efficiencies; implementation of innovation in marketing efforts; restructuring of business processes; improvement initiative with respect to IT department; consolidating sales and distribution operations in existing geographies; senior management centrally devised risk management approach, prudently cascaded down to Unit managers at various organizational levels; proper and adequate internal control systems to ensure that all assets are safeguarded and that all transactions are authorized, recorded and reported correctly; regular internal audits and checks; management continuously reviewed internal control systems and procedures.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Initiated use of energy efficient LED lights and energy management systems at our kitchen/offices; implemented initiatives for optimization of electricity and LPG usage; planned replacement of energy intensive pumps and fans with high efficiency systems; close monitoring and control of energy consumption and frequent energy audits.

Social Achievements

• Implemented Corporate Social Responsibility initiatives and spent approximately Rs. 19,50,000/- on approved CSR projects; focus on safe and hygienic food service to patients, attenders, doctors, visitors and staff during COVID-19 pandemic.

Governance Achievements

• Established vigil mechanism for directors and employees to report genuine concerns; adopted Whistle Blower Policy; carried out internal evaluation process for the performance of the Board, its committees and individual directors.

Climate Goals & Targets

Environmental Challenges

• Increase in raw material prices and minimum wages to employees; challenging external environment; impact of COVID-19 pandemic on revenue avenues across units; Coronavirus-imposed mandates hitting revenue.

Mitigation Strategies

• Pursued focused strategy delivering sustainable growth and returns for shareholders; implemented robust business strategy and innovative service offerings to capture new markets; proactive initiation of work from home; formulated guidelines for safe work practices; regular interactions with employees on safety measures; communication with stakeholders to promote preparedness.

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

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Engagement

Environmental Achievements

• Initiatives for judicious use of energy, including LED lights and energy management systems; optimization of electricity and LPG usage.
• Not disclosed

Social Achievements

• Corporate Social Responsibility initiatives supporting education, healthcare, and philanthropic endeavors; spent approximately Rs. 26,01,594 on approved CSR projects.

Governance Achievements

• Established a vigil mechanism/whistleblower policy for reporting ethical concerns.

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties, evolving customer expectations, and operational complexities in the hospitality industry.

Mitigation Strategies

• Navigated challenges with agility and strategic foresight; demonstrated robust operational efficiency and prudent financial management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritizing environmentally friendly sourcing and supporting local communities.

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