Dhanashree Electronics Ltd

At the outset I like to state that we are in several months in to the global menace of the COVID 19 Pandemic. The accelerated spread of the virus has touched the human life without any exceptions, directly impacting the socio economic activities globally. We express our sincere thanks and gratitude to all the front line worriers .Their selfless efforts is making the believe in humanity even stronger for the entire world.

BUSINESS CONTINUITY AMONGST CHALLENGES

in India, series of lockdowns were announced to crub the spread of this contagion . This has brought business activities to a grinding halt.While, the global economy will take time to emerge out of this crisis, the indian growth story too will need time to regain the momentum after stepping out of the rough patch

At Dhanashree Electronics Ltd, we exhibited courage and determination during these challenging times and ensured business continually. We have always taken care to ensure a healthy balance between growth and profitability on the one hand and investment and financing on the other. Furthermore our low leverage, strong operating cash flow, efficient working capital management and operational efficiencies has positioned us to successfully scale up the operations and continue on our desired path of consistent value creation

EMERGING TRENDS

The current scenario of the Indian economy may look a bit gloomy at the moment owing to the ongoing challenging situation.However the long term growth story is extremely appealing .The country continues to remain an attractive investment and manufacturing destination for investors across the globe.

The Government of India's recently launched " Atmanirbhar Bharat Abhiyan and "Vocal for Local " along with "Har Ghar Nal Se Jal" initiatives provide a much needed boost to ensure success of" Make in India"

Post Covid 19 India is gradually emerging as a preferred destination which in turn will translate in to better exports opportunity for the company.

The Indian Lighting Industry has seen a strong transformation over the past 5 years .The Indian Lighting Industry has seen a strong transformation over the past 5 years . The rapid transition from the traditional bulbs to CFL and now to the modern generation LED is bringining in a consolidation in the industry

India has been steadily moving towards an energy efficient society. Government's strong drive towards rural electrification , infrastructure development,upgradation of public lighting systems, construction of new homes along with installation of smart and connected energy efficient lighting .Post Covid 19 the organized players with strong capacities and sound financials like us are gaining more traction. Our consolidation strategy has allowed us to buid scale and carter the burgeoning demand

Besides we are also expected to witness increase in export orders

EMPLOYEE AND SOCIETY WELFARE

We recognize and appreciate our human resources and their constant value addition .They are our strategic business partners and play a prominent role in supporting and driving our business strategies .We have always ensured on boarding the right talent across all the levels of the organization.

CLOSING NOTE

I would like to thank all the employees and our dedicated management team for their all round efforts and achievements over the period . I would also acknowledge our Board members for their constant guidance towards driving in the right direction . I am also thankful for the constant support of our stake holders with quick decisions and necessary initiatives taken during the year

Till then stay safe and sound.