Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Maintaining a zero-discharge policy
• Investing in pollution control equipment
• Implementing green technologies in manufacturing
• Installing solar panels for green energy
• Improving water treatment and reuse

Social Achievements

• Donated ₹40 lakhs to a charitable trust for healthcare infrastructure improvement
• Spent ₹7.28 lakhs on initiatives for conservation of natural resources and maintaining soil quality
• Spent ₹20,000 on distributing Silver Medals to primary school students
• Spent ₹47.48 lakhs on community development initiatives
• Maintaining a safe workplace with zero incidents

Governance Achievements

• Maintaining high standards of governance and ethical practices
• Ensuring adequate board independence (50% independent members)
• Implementing policies on insider trading, fraud prevention, bribery, and corruption
• Executing a share buyback to enhance shareholder value

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the pandemic and port congestion
• Weak textile demand leading to lower offtake of products
• High inflation and rising input prices (raw materials, energy, logistics)
• Lower demand for H-Acid product

Mitigation Strategies

• Increased engagement with global customers
• Superior planning to overcome port congestion challenges
• Granular cost management to mitigate price rises
• Innovative ways to navigate supply chain challenges
• Temporary shutdown of H-Acid plant to optimize working capital

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Precipitated Silica

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 94.50 Kw captive solar power capacity, has further reduced dependence on fossil fuel-based energy
• Optimal utilisation of resources including water and raw materials
• Effective waste and wastewater management

Social Achievements

• CSR spending of Rs. 24.10 lakhs in FY 2023-24 promoting healthcare and education
• Employee recognition programs
• Regular team-building activities
• Initiatives for contract labourers
• Promoting diversity and inclusion

Governance Achievements

• Robust governance framework, systems and processes
• Ethical business practices
• Zero Instances of unlawful practices

Climate Goals & Targets

Environmental Challenges

• Extended periods of geopolitical tensions, global economic slowdown and volatility in input prices impacted international demand
• Supply chain bottlenecks and higher energy prices
• Dumping by competing countries, especially China, at lower prices led to pricing pressures
• High costs and lower realisation impacted profitability

Mitigation Strategies

• Cost optimisation
• Capacity expansion
• Focus on the domestic market
• Strengthening customer relationships
• Diversification with new product line
• Cost control measures
• Backward integration for uninterrupted operations
• Enhancing efficiency and productivity
• Timely implementation of capex programmes to meet upcoming demand
• Digital technology integration

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• First Award for self-manufactured direct export of Dye Intermediates during the year 2022-23 by GDMA
• Trophy for self- manufactured domestic sale of dye intermediates more than Rs. 45 crores during the year 2022- 23 by GDMA
• Third Award for self- manufactured direct export of Dyes during the year 2022-23 by GDMA