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Integrated Report Statutory Reports Financial Statements
Integrated Annual Report 2020-21 Risk Management 60-146 147-300

strategic Risks operational Risks

Mitigation
IT strategy and IT roadmap has been created with clear timelines Mitigation
Architecture board setup to drive cohesive enterprise level IT/Digital 4. Cyber Risk Best-in-class cyber-security managed services. Under this programme, we will have
2. Digitalisation Risks decision-making and solution design 24x7 monitoring of security logs of IT assets and highlighting of key risks
Failure to embrace digitalisation IT team has been restructured to achieve harmonisation and standardisation in terms Loss of data & compromised We conduct regular third party VAPT assessments to check for vulnerabilities
as a key lever of Business Growth of global digital landscape operations resulting from Cyber IT policies have been updated based on ISO & ITIL standards
Various digital initiatives are undertaken to improve operations, serve the customers in attacks
Linkage to Capital a better way & collaborate with suppliers, transporters, external business partners Linkage to Capital Cyber security awareness sessions for employees
Intellectual Capital All projects and initiatives are reviewed in different forums like weekly, monthly, Cyber insurance policy at corporate level
quarterly governance reviews to ensure that timelines are met Manufactured Capital Cyber security risks are periodically reviewed by the Risk Management Committee of
Annual assessment is done to assess the digital maturity level of the Company and the Board
actions are taken to improve the score

Mitigation
soda Ash & silica
Introduction of new variants and brands with differentiated offerings
3. Product Portfolio Risk Identification and introduction of new value-added products as downstream of
Failure to develop a portfolio of existing product lines
high value products thus eroding Identification and introduction of new high value products to substitute imports and
competitive position for targeting export markets
salt, sodium Bicarbonate & Prebiotics
Creation of a common customer-facing team across all product categories in
Nutrition across food, pharma and feed customer segments
Development of new value-added products through application development and
Linkage to Capital formulations
Manufactured Capital, Expanding current product with new ingredients
Intellectual Capital Entry into new segments for growth in inorganic chemistry and extraction /
fermentation technology platforms
Enhancing scientific capabilities in areas of growth and supporting customers with
scientific data and claims Financial Risks
Crop Care and seeds
Enrich portfolio with new off-patent active ingredients Mitigation
Optimising product registration cycle time by fast tracking pilot plant level scale-up Continuous monitoring of cash flows with focus on the safety & liquidity of the
Adopting emerging technologies in breeding for optimal cycle time and outcomes 5. Capital Allocation Risk investments
Appropriate resourcing for tapping contract manufacturing opportunities by Failure to utilise capital efficiently and Rigorous capital investment programme, focussing adding economic value and
leveraging chemistry strength improving ROCE
Innovation cost effectively due to indisciplined To evaluate and refinance the applicable loan facilities proactively by proactive
capital allocation leading to
Ensuring high quality innovation pipeline that fuels growth for new & existing unfavourable returns to stakeholders use of debt and capital markets towards reducing refinance risks and to support a
business on continuous basis healthy cash flow
Ensure progress on the R&D long-term plan Linkage to Capital
Encourage synergies between all the R&D streams, including external Collaborations Financial Capital Preserving cash through host of new initiatives including further focus and
with Leading Indian and Global R&D Centres balanced efforts towards containment of fixed cost across plant and non-plant
Ensure R&D focus balancing between Business-led Science differentiation and Next activities, working capital
Generation projects
Build Centre of Excellence to cater the computational and analytical requirements of
R&D centres and enhance their effectiveness
Shorten registration time for Agro Chemicals and improve the robustness of traits
development in Hybrid Seeds

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