APLAB LIMITED

Climate Impact & Sustainability Data (2021-03 to 2022-03, 2022-03 to 2023-03)

Supply chain disruptions due to Covid-19 and new lockdowns.
Commodity price increases affecting margins.
Unavailability of microcontrollers and other semiconductor devices delaying product shipments.
Working capital liquidity challenges preventing Aplab from actively seeking additional business.

Working closely with OEM semiconductor vendors to expedite supplies.
Successfully transferred all production and manpower from its Thane production facility to its Navi Mumbai facility.
Substantially reduced bank borrowings.
Looking at ways to raise short-term working capital, via traditional banking mechanisms and non-traditional means.
Will increase its reserve inventories of semiconductors, especially microcontrollers to counter future disruptions.

Short-term Goals:

Semiconductor shortages impacting product delivery and order execution.
Working capital liquidity challenges preventing pursuit of additional business, especially international.
Higher operating costs compared to newer entrants leading to order losses on price for smaller defense projects.
Increasing competition due to growing interest in local manufacturing in India.

Closely monitoring semiconductor inventories and pushing OEMs for additional supplies.
Exploring ways to raise short-term working capital through traditional and non-traditional means.
Focusing on reducing debt and working capital.
Investing in new banking automation products.