HOV Services Limited

Climate Impact & Sustainability Data (2023-04 to 2024-03, 2024-03-31)

Adopted a Policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal Act, 2013)

Covid-19 Pandemic risk impacting business operations due to restrictions and disruptions.
Business model related risk due to wage costs and dependency on select customers.
Foreign currency fluctuation risk due to revenue in USD and expenses in INR.
Financial risk related to interest rate volatility.
Credit risk of delayed collections from customers.
Operational risk related to costs and performance.
Investment risk related to the performance of investee companies.
Information Technology risk of hacking and system vulnerabilities.
Legal and Compliance risk due to the dynamic legal environment.
Social Media risk of inappropriate disclosures.
Business Continuity and Disaster Recovery risk.
Inflation risk and high employee attrition.
Cyber Security risk.

Monitoring the impact of Covid-19 and maintaining long-term customer relationships.
Apprising customers of cost changes in advance.
Constantly reviewing and tracking foreign currency movements.
Closely tracking interest rate movements.
Defining credit periods in contracts and following up on overdue payments.
Implementing a robust MIS system.
Using technology and automation to increase productivity.
Maintaining constant liaison with investee companies and informing the Board.
Installing anti-hacking systems, educating employees, and strengthening IT security.
Creating a robust compliance framework and seeking professional help.
Adhering to the company's Fair Disclosure Code.
Implementing strong systems and processes across different locations.
Using technology, automation, incentives, and a good work environment.

Climate Change Data