Climate Change Data

Environmental Metrics

Governance Achievements

• Audit Committee was reconstituted and its roles and powers were redefined as required under Section 177 of the Companies Act, 2013 and Clause 49 of the Listing Agreement.
• A Risk Management Committee was constituted to identify the risks, delegate responsibilities, decide strategies to mitigate risks and frame appropriate risk management policy.
• A Whistle Blower Policy was framed for the employees to report to the management about unethical behaviour, actual or suspected fraud or violation of the Company's Code of Conduct or Ethics Policy.

Climate Goals & Targets

Environmental Challenges

• The only business the Company had from Department of Income Tax had been withdrawn with effect from June 2014. The company does not have any business at present.
• Accumulated losses of Rs.184.81 Crores (PY Rs. 183.20 Crores) (excluding General, Capital Reserves and Securities Premium) eroding its total net worth.

Mitigation Strategies

• All cost cutting methods, including reduction of staff are implemented and the same will continue till revival.
• As a first step towards revival, the Company had since cleared the loan through One-time Settlement as approved by State Bank of India.
• Further efforts to stabilise the company through various possible means are being explored.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Uncertainty pertaining to exact implications of US Tax reforms; Delayed growth in US BFSI despite improving macro-economic indicators and Global Stock market volatility and associated impact adding uncertainties.

Mitigation Strategies

• Cost cutting measures on all fronts are being continued.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The Company still does not have any business. Status quo as last year continues.
• Management is exploring various opportunities for revival of the Company.
• Cost cutting measures on all fronts are being continued.

Mitigation Strategies

• Cost cutting measures on all fronts are being continued.
• Management is exploring various opportunities for revival of the Company.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Attempts to revive the Company still continue. All cost cutting measures are being implemented.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The second wave of the Covid-19 pandemic which developed into a more serious crisis in the last quarter of the FY 2020-21 forced the country to impose lock downs on all activities leaving impact on the economy at large.
• Repetitive lock downs in the State and the resultant restrictions on logistics caused some delay/difficulties in collecting, collating and dissemination of information.

Mitigation Strategies

• The priority was on safety and health of all its employees and other stakeholders
• The company continued to carry on with the statutory compliances work through practicing professionals.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The Company still does not have any business. All cost cutting measures are implemented more effectively. Attempts to revive the Company continue.

Mitigation Strategies

• All possible efforts to revive/restructure the business are being explored.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The Company still does not have any business. All cost cutting measures are implemented more effectively. Attempts to revive the Company continue.

Mitigation Strategies

• All possible efforts to revive/restructure the business are being explored.

Supply Chain Management

Climate-Related Risks & Opportunities