Climate Change Data

Environmental Metrics

ESG Focus Areas

• Social

Social Achievements

• Conducted self-defense training programs for children and women in Mumbai under the 'Make Your City Safe' initiative. Programs held at Shree Geeta Vidyalaya, a BMC school in Govandi, and other locations including a municipal school in Dharavi, Press Enclave in Sion, and Orlem, Malad.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Financial constraints faced by all companies in the Group.
• Suspension of work in two Middle East subsidiaries due to economic and geopolitical reasons.
• Complete slowdown of trading business caused by lack of working capital, Make in India policy, and increased competition.
• Non-recovery of dues from distributors and channel partners.
• Decrease in the value of stock caused by obsolescence.
• Weakening of crude prices and consequential slowdown of the economy in the Middle East.
• Business challenges caused by embargo on Qatar by UAE and Kingdom of Saudi Arabia.
• Commencement of Corporate Insolvency Resolution Process (CIRP) in Zicom SaaS.

Mitigation Strategies

• Deleveraging of books by divestment of assets, both in India and the Middle East.
• Working with potential investor(s) to settle the loans of Lenders so that business can be revived.
• Zicom SaaS is undergoing CIRP and resolution plans have been submitted.
• Downsizing operations in Unisafe Dubai and Phoenix Qatar.
• Negotiating with several overseas manufacturers to set up a joint manufacturing facility.

Supply Chain Management

Climate-Related Risks & Opportunities