Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Reduced energy consumption by 15% through measures such as installing energy-efficient machines and LED lights.

Social Achievements

• Implemented a policy against sexual harassment to ensure a safe working environment for female employees.
• Continued to make significant progress on strengthening people practices and processes to attract talent, including flexible work hours.

Governance Achievements

• Complied with the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement.

Climate Goals & Targets

Environmental Challenges

• Slowdown in the investment cycle, high inflation, volatile currency and interest rates.
• Regulatory uncertainties in the telecom sector.

Mitigation Strategies

• Successfully commissioned a network of Optical Fibre Cables connecting every village of Bhutan.
• Provided complete turnkey solution to FTTH project in Mauritius.
• Forayed into the international market by setting up its first manufacturing facility outside India.

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: ISO 9001:2008 and 14001:2004

Certifications: ISO 9001:2008, ISO 14001:2004

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

• Education
• Environment
• Community Development
• Employee Well-being

Environmental Achievements

• Planted more than 25,000 saplings in Bhiwadi and over 4,500 trees in Reengus.
• Replaced old utilities with high-efficiency items, reducing energy consumption by 12%.

Social Achievements

• Improved infrastructure of adopted schools in Bhiwadi and Reengus (providing furniture, boundary walls, playgrounds, water purification systems, and computer teachers).
• Launched employability skill development campaign through IT Gyan Kendras (ITGK), National Digital Literacy Mission (NDLM), and Telecom Sector Skill Council (TSSC), targeting over 100,000 candidates.
• Awarded the prestigious Bhamashah award for the second consecutive time by the Government of Rajasthan for contributions in the education sector.

Governance Achievements

• Appointed Ms. Devika Raveendran as an Independent Director.
• Appointed Dr. Kailash S Choudhari as Chairman & Managing Director.
• Appointed Mr. Satyendra Gupta as Deputy Managing Director.
• Appointed Mr. Pawan Kumar Gambhir as Chief Financial Officer.

Climate Goals & Targets

Environmental Challenges

• Global economic and political turmoil.
• Industry-wide shortfall of fiber supply and surge in fiber prices.
• Volatility of foreign exchange rates due to large exposure to foreign currencies.

Mitigation Strategies

• Planned phased expansion at all divisions to meet future requirements.
• Diversification into the ophthalmic lens industry.
• Capital expenditure of Rs.95 Cr for expansion and modernization of existing manufacturing facilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Bhamashah award (twice)

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Women Empowerment
• Environmental Sustainability

Environmental Achievements

• Installed 2504 LED Tube Lights & Bulbs at “Rasik Lal Dhariwal Knowledge City, Vidhyawadi Campus, Desuri Pali”, resulting in monthly electricity bill savings of Rs. 50,000.
• Undertook a massive plantation drive in Bhiwadi and Reengus Industrial Area, planting more than 65,000 trees.

Social Achievements

• Aksh, in association with Singer India, Rotary Club of Bhiwadi and USCKM School, set up a Skill Development Center at UCSKM School, Bhiwadi, with a focus on women empowerment.
• Improved student enrollment in adopted schools in Santhalka and Reengus, with a significant increase in girl child enrollment.
• Achieved high passing rates (98% and 100%) in 10th and 12th board exams in Reengus.
• Government Sec. School, Santhalka, was awarded as a Centre for Excellence.

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: ISO 9002

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• LED Bulb, Emergency LED Bulb, Solar LED Bulb, LED Tubelight, BEE 5 Star Ceiling fans

Awards & Recognition

• Frost & Sullivan Best OFC Supplier
• Wind Insider Network Technology Leader
• CII 5S Excellence Enabler
• DGFT - India Star Export House Status
• Manufacturing Association CSR Excellence

Environmental Metrics

ESG Focus Areas

• Education
• Environment
• Women Empowerment

Environmental Achievements

• Planted 8492 trees in FY 2017-18 as part of the 'Clean & Green' drive in Bhiwadi Industrial Area.
• Continued plantation drive to plant 100,000 trees in five years to neutralize industrial pollution impact.

Social Achievements

• Complete restoration of Govt. Higher Secondary School, Reengus building after a storm.
• Construction of toilets for Govt. Hospital Reengus visitors.
• Construction of a rest shelter with public urinals and toilets for hospital visitors.
• Imparted quality computer education to future generations through 'ShikshaHamaraSwabhiman' and 'Gyantantra Digital Dost' initiatives.
• Ran a skill development center providing stitching & tailoring courses to promote women entrepreneurship (60 students in six-month diploma course).

Governance Achievements

• Established a Board approved Risk Management Framework & Policy.
• Implemented a well-established framework of internal controls and procedures covering all financial and operating functions.

Climate Goals & Targets

Environmental Challenges

• Order book reduction due to increasing competition, excess domestic manufacturing capacities, and low business sentiments.
• Online data & information security breach.
• Impact of external factors (govt. policy, infrastructure inadequacy).
• Technology readiness to meet current/future market requirements.

Mitigation Strategies

• Expanding offerings, diversifying product profile, focusing on global expansion.
• Implementing policies for technical controls, cybersecurity incident capturing system, third-party audits, BCP & DR strategy, and a crisis management group.
• Policy advocacy through ministries & industry associations, liaison with key business partners.
• In-house development of new products/technologies, technical collaborations with suitable partners.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001:2015, ISO 14001:2015, ISO 10002:2004, BS OHSAS 18001:2007, TL 9000

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 10002:2004, BS OHSAS 18001:2007, TL 9000

Awards & Recognition

• Excellence in School Performance Award 2017-18
• Bhamashah Award (four consecutive years)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Planted more than 22,693 saplings during the financial year 2018-19; Planted 110,500 plants under 'Clean & Green' drive in Bhiwadi Industrial Area from 2014-2019.
• ISO 14001:2015 certification at Bhiwadi Manufacturing Facility

Social Achievements

• Launched self service kiosks at various e-Mitra kiosk locations; Highest ever e-Mitra transaction achieved during the year.
• CSR program 'UPVAN' planted more than 22,600 saplings; CSR initiative 'MUSKAAN' improved basic infrastructure of Govt. Schools; CSR initiative 'SHIKSHA HAMARA SWABHIMAN' improved basic infrastructure of Govt. schools.
• Aksh's Skill Development Center provided stitching & tailoring courses to 70 students; 79 students awarded diploma certificates.

Governance Achievements

• Successful implementation of SAP in almost all business locations.
• ISO 45001:2018 Certification for OHSAS done & Its integration with ISO 14001:2015 at Bhiwadi Manufacturing Facility.

Climate Goals & Targets

Environmental Challenges

• Industry headwinds concerning optical fibre prices tumbling down globally, alongside significant delays in receivables from a major customer BSNL.
• Global Logistics & Freight Challenges; Dearth of Cheap Availability of Glass Pre-form (Primary Raw material for Optical Fibre); Risk Averseness towards mega EPC projects; Optic Fibre production over Capacity in China; Political, economic and Technological tussle between Worlds major economies; Lack of availability of Glass Preform provided by handful number of pre-form producers globally.

Mitigation Strategies

• Improved financial performance and extended leadership in all business segments; Implemented warehousing model in international markets for FRP business; Optimising receivables & inventory cycles and extending payable cycle to optimise working capital requirements.
• Company's brand equity and high product quality; Diversified product range; Strategic marketing activities; Strict quality control protocols; ISO 9001, ISO 14001 and OHSAS 18001 certifications; Strict quality controls over raw material suppliers.
• World-class quality products, vast distribution network and customer trust; Fast network expansion and extensive engagement program; Widespread and loyal customer base; Well organised credit policy.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 14001:2015, ISO 45001:2018, ISO 9001

Sustainable Products & Innovation

• Developed Water Blocking FRP Rod; Developed Micro Flat FRP Rod

Awards & Recognition

• BHAMASHAH AWARD for fifth consecutive year

Environmental Metrics

ESG Focus Areas

• Education
• Environment
• Energy Saving

Environmental Achievements

• Planted nearly 1.5 Lac plants in six years.
• Distributed 65,000 LED Bulbs & Tube lights to underprivileged families.
• Installed 33 LED street lights in Keshyawala and Muhana.

Social Achievements

• Distributed 500 LEDs in Old Age Home, Reengus.
• Started a computer literacy project with Govt. Sr. Sec School Reengus, certifying over 500 students.
• Implemented various initiatives to build organizational capability and employee engagement (details in report).

Governance Achievements

• Implemented a Risk Management framework.
• Established a Corporate Social Responsibility Committee.
• Implemented a policy for performance evaluation of Independent Directors, Chairman, Board, Board Committees and other individual Directors.

Climate Goals & Targets

Environmental Challenges

• Decreasing demand in China.
• Financial problems of telecom service providers in India.
• Delay in 5G spectrum auctions in India.
• COVID-19 pandemic impact on global logistics, labor availability, and travel.
• Stressed liquidity position due to delayed realization from government customers.

Mitigation Strategies

• Highly efficient manufacturing process, strong quality management, world-class test lab, and wide product range.
• Focus on FTTH projects and 5G infrastructure programs.
• Increased tariffs to increase ARPU and strengthen margins.
• Developing alternative sourcing strategies (implied).
• Addressing liquidity issues through improved financial controls and focus on receivable realization.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Development of FRP Rod with tracer wire
• Development of SM G657A Fibre in 200 micron dia.
• Development of SM G652D Fibre for Airtel specs.
• Development of 288F Ultra Mini Cable in 9.0mm dia.
• Development of 144F Ultra Mini Cable in 6.0mm dia.

Environmental Metrics

ESG Focus Areas

• Education
• Environment

Environmental Achievements

• Planted more than 29,000 saplings during the financial year 2020-21
• Planted more than 40,000 trees at nearby locations of Reengus
• Regular maintenance and upkeep of the park adopted by Aksh in RIICO industrial area, Reengus

Social Achievements

• Installed one industrial RO Purifier & Water Cooler at Police Line Bhiwadi to support Corona Worriers
• Continued Computer literacy project with the help of Computershiksha.org at Govt. Sr. Sec School Reengus and Govt. School Sargoth, certifying more than 650 students
• Provided 437 Single finger scanners (electronic devices) contributing towards Digital India platform

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Unforeseeable supply chain challenges
• Demand-Capacity gaps putting pressure on raw material prices
• Impact of COVID-19 pandemic and lockdowns
• Low last mile penetration in India compared to China and US
• Slow progress of BharatNet project

Mitigation Strategies

• Modernizing manufacturing units and investing in next-generation technologies
• Developing a resilient supply chain
• Focusing on consistent innovation
• Seeking government support through schemes and incentives
• Improving R&D infrastructure

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Developed new vendors for Glass Roving
• Developed new vendor of PA-12

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: TL 9000:2016, ISO 9001:2015, ISO 27001:2013, ISO 14001:2015, ISO 10002:2014 and ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed