LETTER TO SHAREHOLDERS
Dear Shareholders,
It is a privilege to welcome you to the 15th Annual General Meeting of the company and
also thank all of you for being shareholders in our Company and for supporting the
Company’s vision over the years. Many of you may be aware that the past few years
have been challenging for the industry. Some of the key one that your Company had to face
included fluctuating currencies, lack of demand in global market, high domestic inflation
resulting in spiraling wage costs as well as operating expenses and increase in interest
rates. The company is facing the challenges & trying to bring the business back on
track I thank the Board for their guidance on governance and strategic direction without
which we would not have been able to navigate through such turbulent times. I also wish to
thank all employees, customers, vendors and other business associates who provide the eco
system in which we operate. And last, but not the least, I wish to thank all the
shareholders for their continued and unstinted confidence and trust on the firm.
Annual General Meeting 2014
I am pleased to enclose the Notice of Meeting for the Fifteenth Annual General Meeting
(the "AGM") of Indus Fila Limited together with the 201 Annual Report and
Summary.
The AGM will be held at 9 am on Tuesday, 30th September , 2014 at the Registered Office
of the Company at No.284, 285, T.Begur Village, Kasaba Hobli, Nelamangala, Bangalore Rural
District 562123.
If you will not be attending, you may appoint a proxy by completing and returning the
enclosed form of proxy. In each case, notice of appointment of a proxy should reach the
company’s registered office not later than 48 hours prior to the commencement of the
meeting.
As per the provisions of the Companies Act, 1956 and our Articles of Association, some
of our current Directors retire by rotation. I therefore request you to support the
re-appointment of Mr. Prakash G Mandhana and Gerhard Bornemann who retires by rotation and
being eligible, offer themselves for reappointment.
Recommendation:
Your Board believes that the resolutions contained in the Notice of Meeting are in the
best interests of the company and shareholders as a whole and recommends you to vote in
favour of them.
Yours truly,
Nitin Mandhana,
Vice Chairman & Managing Director