Property

Our Company’s registered and corporate office is located at Senthel Towers, IV Floor, 1078, Avinashi Road,
Coimbatore 641 018, Tamil Nadu, India, which is on lease, pursuant to a lease deed dated March 17, 2020. This
lease deed is valid for a period of three years.

Except our facilities at Arasur and Kurichi at Coimbatore, which are owned, and our facilities at Sriperumbudur
near Chennai in the State of Tamil Nadu, Pithampur near Indore in the State of Madhya Pradesh, and Jamshedpur
in the State of Jharkhand, which are under long term lease from the respective state industrial development
corporations, all of our manufacturing facilities are on leasehold basis. Also see, “- Manufacturing Facilities”
on page 183.

Further, we have a marketing and product development office at Chennai, which is on leasehold basis and we own
a land parcel near Faridabad.

Intellectual property

Us,

 

Our Company has registered oC
«. WWW, CRAFTSMANAUTOMATION. OM

under classes 6, 7 and 12 as our trademark. We own a registered

trademar! ” for our website under classes 6 and 12. Additionally, our Company
has also applied to the trademark registry for registration of certain trademarks under various classes, which are
currently pending approval.

Also see, “Government and Other Approvals” on page 330.
Corporate Social Responsibility (“CSR”)

Our CSR initiatives are aligned with the requirements under the Companies Act 2013 and the Companies
(Corporate Social Responsibility) Rules, 2014. We strive to meet our commitment towards the community by
committing our resources and energies to social development. Our focus areas include education, environment,
health and sports promotion.

Competition

We face competition from competitors both domestically and internationally, in relation to specific sectors,
segments, sub-segments or geographies. The key factors of competition may include quality, cost, delivery,
technical capability, level of vertical or horizontal integration, and quality of management. Consequently, we do
not have a single competitor across all our product ranges.

Also see, “Industry Overview” on page 96.
Impact of COVID-19 on our business operations

The current outbreak of the COVID-19 pandemic has adversely impacted the global economy. The World Health
Organization declared the outbreak of COVID-19 as a public health emergency of international concern on
January 30, 2020 and a pandemic on March 11, 2020. On March 14, 2020, India declared COVID-19 as a “notified
disaster” and imposed a nationwide lockdown announced on March 24, 2020 to control the spread of COVID-19.
According to the CRISIL Report, this, coupled with the effects of a troubled global economy, resulted in the worst
ever real GDP contraction on record of 23.9% on-year in the first quarter of Fiscal 2020. According to the CRISIL
Report, the COVID-19 curve appears to be flattening in India, with high frequency data in September evidencing
improving economic conditions.

Our business operations were temporarily disrupted on account of the temporary shutdown of our offices and our
manufacturing facilities pursuant to the directives from the central/ local authorities. The spread of COVID-19
caused us to modify some of our business practices, including implementation of a work from home regime for
certain executives, to the extent possible, and cancellation of physical participation in certain meetings, events
and conferences, or substitution of virtual participation. During the period of the lockdown, we continued paying
salaries/ wages to all employees and outsourced manpower. We resumed operations at our manufacturing facilities
in a phased manner as per the Government of India and state government’s directives after making arrangements
to meet the government’s requirements on sanitisation, people movement and social distancing. We have

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