My Dear Stakeholders,
The last year we all saw many ups and downs due to the fierce second
wave of COVID-19. It destroyed and disrupted our lives as many succumbed to it across the
world. The perspective of life changed as we lost some loved ones. It was a tragic time,
with seemingly no light at the end of the tunnel.
The situation improved as the year progressed and hope was back across
the world. Celebrations happened again, albeit with a limited number of people. People
could travel, go out to meet friends and family, and go back to work again. It was a happy
time though laced with great caution and fear.
It gives me immense pleasure to inform you that against this very grim
backdrop your company has successfully delivered a strong set of financial results once
again. I would like to express my appreciation and thank everyone associated with the
company who contributed in delivering such a performance.
From an operational perspective, the Company continued to focus on
health and safety of its people while maintaining business continuity, meeting customer
needs and profitable growth. Furthermore, with the ongoing expansion project, we
anticipate an improved product range and quality in the coming years.
There has been an increasing focus on Environmental, Social and
Governance (ESG) parameters across the world. As a part of this global mandate, we
endeavor to maximize responsible resource usage and reduce our carbon emission. We have a
holistic approach across our initiatives, and efforts are made to curtail adverse
environmental impact. We uphold the highest level of governance measures, ensuring
complete transparency and conformance to ethical standards.
As I conclude, on behalf of my fellow Board Members, I express sincere
thanks to all our partners for their unwavering support, to our employees for their
continued passion and commitment, and to all our shareholders for your continued trust and
confidence.
Dr. Meenakshi Nayar
Chairperson