Page 22 - Demo

Risk AssessmentWe assess risks periodically and necessary actions are being taken to avert the adverse impact of such risks. Our enterprise risk management is designed to identify, assess, and manage event-based, climate-related and other ESG risks as well as opportunities faced by the Company. Our Senior Management Team Members and Department Heads identify the risks impacting the Company. The Top management identifies the risk owners to chart out mitigation strategy. A dashboard and mitigation plans are provided to the top management in every quarter. During the year, following risks & opportunities were identified, for which necessary risk mitigation and control measures were undertaken.Global presenceBusiness DiversificationRegional ManufacturingNew Product DevelopmentGrow in new geographiesNew Business AcquisitionsRecycle TechnologiesHealth & Safety Financial Risk (Exchange Rate Fluctuations, Input Prices) Compliance and Legal Risks Competition Risk Operation & Supply Chain Risks Business Environment Risk Patent theft/infringement RISK MANAGEMENT RisksOpportunities19