Annexure-6 Particulars of Energy Conservation, Technology Absorption and Foreign Exchange Earnings and outgo required under The Companies (Accounts) Rules, 2014 A) Energy Conservation Your Company, a renowned company in the food and dairy industry, has always been committed to energy conservation and environmental sustainability. Recognizing the critical importance of minimizing energy consumption and reducing carbon emissions, your Company has implemented various initiatives to promote energy conservation throughout its operations. One of the key strategies employed by your Company is the adoption of energy-eff icient technologies. The company has invested in state-of-the-art equipment and machinery that are designed to optimize energy usage while maintaining the highest standards of productivity. By utilizing energy-eff icient systems, your Company has signifi cantly reduced its overall energy consumption, thereby minimizing its carbon footprint. Furthermore, your Company places great emphasis on employee awareness and engagement in energy conservation. The company conducts regular training programs and workshops to educate its employees about the importance of energy eff iciency and provides them with practical tips to conserve energy in their daily work routines. This approach not only empowers employees to make conscious choices but also fosters a culture of sustainability within the organization. In addition to internal eff orts, your Company actively seeks external partnerships and collaborations to further enhance its energy conservation endeavours. The company collaborates with energy consultants and experts to conduct energy audits, identify areas of improvement, and implement innovative solutions to optimize energy usage across its facilities. By staying at the forefront of technological advancements and best practices, your Company strives to continually improve its energy conservation eff orts. Overall, your Company sets a commendable example in the food and dairy industry by prioritizing energy conservation and sustainability. Through the adoption of energy-eff icient technologies, employeeengagement, andstrategiccollaborations, the company demonstrates its commitment to reducing energy consumption, minimizing environmental impact, and building a greener future for generations to come. B) Technology Absorption Your Company, a dairy and food processing company, has made signifi cant eff orts towards technology absorption in its operations. Here are some of the initiatives undertaken by Your Company to adopt and leverage technology: 1. Modernization of Infrastructure: Your Company has invested in modernizing its infrastructure and manufacturing facilities to incorporate advanced technology. This includes upgrading processing plants, cold storage facilities, and distribution centres with state-of-the-art equipment and machinery. 2. AutomatedSystems: The companyhas embracedautomation across various stages of its operations. Automated systems are employed for milk collection, processing, packaging, and distribution, which not only improve eff iciency but also ensure consistent quality and reduce human errors. 3. Quality Control and Testing: Your Company has implemented advanced quality control and testing methods to ensure the safety and quality of its products. The company utilizes technology-driven systems and instruments for rigorous testing of raw materials, fi nished products, and packaging materials. 4. Supply Chain Management: Technology plays a crucial role in your Company’s supply chain management. The company employs sophisticated software systems for demand forecasting, inventory management, logistics optimization, and route planning. These technologies help streamline operations, minimizewastage, and enhance overall eff iciency. 5. IT Infrastructure and SAP Systems: Your Company has invested in robust IT infrastructure and enterprise resource planning (ERP) systems. These systems enable eff icient data management, integration of various business functions, and real-time monitoring and reporting. They also support decision-making processes and facilitate smooth coordination between diff erent departments. 6. R&D Initiatives: Your Company has a dedicated research and development (R&D) division that focuses on product innovation and process improvement. The R&D team utilizes advanced technologies and techniques to develop new products, enhance existing ones, and optimize production processes. Heritage Foods Limited | 31st Annual report 2022-23 104
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