Greenpanel Industries Limited — Management Reports 2020

Jun 8, 2020

sl.	Particulars	Disclosures
No.
1.	lmpact ofthecoVlD-19	Duetolockdown, manufacturing operations wereshut
	pandemic onthebusiness	downatRudrapur,Uttarakhandw.e.f.March24,2020
		and atChittor, AndhraPradeshw.e.f.March26,2020.
		ThemanufacturingresumedatRudrapur, Uttarakhand
		w.e.f.May27,2020and atChittor, AndhraPradesh
		w.e.f.May22,2020.
		ThishasimpactedCompany'soperations duringthe
		monthsofMarch,April andMay,2O2O.Eventhough,the
		overalldemandoftheproductshasbeenimpacted but
		duetoeasingoutof restrictionin lockdowndemandfor
		theproductsare expectedtoimprove.
2.	Abilitytomaintain operations	ln adherenceto thesafety normsprescribedby
	includingthe	Governmentoflndia,theoperationshave beenpartially
	factories/units/officespaces	resumedasperGovernmentguidelinesin
	functioningand closeddown	manufacturing unitsand offices.
3.	Schedule,ifany,forrestarting	Operationshavepartiallyresumedin manufacturing
	the operations	unitsand offices. The samewillbescaledupin
		accordancewiththeguidelinesbeing issuedbythe
		respective States and dueconsiderationforsafetyof
		employees.
4.	Stepstakentoensure smooth	Priortoresumption of operations,theCompany
	functioning of operations	adopted WorkfromHomeforitsemployeesinlndiaand
		Singapore subsidiary inordertoensuresmooth
		functioning.
		Thereafter,theCompanyhastaken utmostcareofits
		staffs andwork forcebytakingmeasureslikethermal
		screeningofemployees,sanitizationofpremises,useof
		ArogyaSetuApp,Taintainsocialdistancinginoffice,
		etc.Additionally, proper equipmentandsanitization
		materialhasbeenprovidedat alllocations.
5.	Estimationof thefutureimpact	Consideringthat thelockdownisbeinggradually lifted
	ofCoVID-19onitsoperations	andeconomic activityresumestoits normallevels
		without furtherdisruption,itisexpectedtoachieve
		normalcyinoperationsfromQ3ofFY2020-2021.
5.a.	lmpact ofCoVID-19oncapital	The Company'scapitalandfinancialresources remain
	andfinancialresources	intactastheCompanyishavingadequate capitalto
		meetbusinessrequirements.The Companyincurred

		cashlossduring lockdownperiodduetofixedexpenses
		andlow capacity utilisations.
6.b.	lmpact ofCoVID-19on	The Companystarted manufacturingandotherbusiness
	profitability	activities inlinewithguidelinesissued by Centraland
		respective StateGovernments. During lockdownperiod
		revenues andprofitabilityof theCompanywere
		adverselyimpacted.The exactimpact onprofitabilityis
		yettobedeterminedasondate.
5.c.	lmpact ofCoVID-19onliquidity	The Companyhasadequatebankinglimitsandis
	position	managing itsinflowsandoutflows toensureproper
		liquidityposition.The Companyhasalsoembarkedupon
		aCompany-wide initiativetobring downcostsand
		conservecash.Thisprogrammeiswellunderwayand
		theCompanyisexpectedtogetbenefitsfromthese
		initiatives.
6.d.	lmpact ofCoVID-19on abilityto	The Companyhasavailedmoratoriumonsome ofthe
	servicedebtandotherfinancing	paymentsfallingduebetween Marchand May2O2Oin
	arrangements	ordertomaintainproperliquidityposition.The
		Companyisalsotakingstepstoavailsecondmoratorium
		inrespectofsomeofthepaymentsfallingduebetween
		June and August 2020. However,theCompanyis
		confident of makingpaymentsofinstalmentsfallingdue
		during the current financialyear,
6.e.	lmpact ofCoVID-19onassets	The Companyseesnoimmediate impairment
		requirementforanyassetsduetoCoVID-19. Company
		doesnothave anymajor capital expenditure
		programmes during theyearapartfromsomeroutine
		maintenancecapitalexpenditure.
6.f.	lmpaitofCoVID-19on internal	Thelnternal financial reportingandcontrolarenot
	financial reportingandcontrol	adverselyaffected.Thecompanyisdoingits bestto
		controlcosts inasmany waysaspossible. Thecompany
		cushionedtheriskimposedby CoVID-19ontheinternal
		controls of theCompany byadopting workfromhome
		frameworkand ensureddataprotection.
6.g.	lmpact ofCoVID-19onsupply	Aftereasingoutof lockdown wehavenotfaced any
	chain	major inbound & outboundsupplychainproblem.
6.h.	lmpact ofCoVID-19ondemand	Althoughtheoverall demand oftheproductshas been
	foritsproducts/services	impactedforashort-term,butduetoeasingoutof
		restriction in lockdowndemandfor theproductsis
		graduallyrecovering.
7.	Existingcontracts/agreements	Nosuchexistingcontracts/agreementshavebeen
	wherenon-fulfilmentof the	identified wherenon-fulfilmentoftheobligationsbyany
	obligationsby anypartywillhave	partywillhavesignificant impactontheCompany.4	r:q<br>{(LL,u\g#

significant impact onthelisted
entity'sbusiness
Other relevantmaterialuPdates	Cenerally,theCompany publishes itsannualaudited
	accountswellwithinstatutorytimelines.However,due
	tothe current situation,itisexpectedthatthesame
	wouldbeadoptedinthethirdweekofJune 2020, which
	iswithin theextendedtimelinegivenbySEBI.