Dear Shareholders,
India is currently the world's sixth-largest economy and one of the fastest-growing
large countries. Reforms like Goods and Services Tax (GST), insolvency and bankruptcy
process, strong thrust on infrastructure development and digitization, farm support
scheme, moderate inflation, among others, are excellent indicators for strong economic
growth. Consumption is set to grow on the back of favorable demographics and higher
spends, while a stable policy framework will support investment and industrial growth.
Over the years, we have built an amazing product portfolio, enhanced our manufacturing
prowess and sustained our market standing. Our technical expertise and wide industry
experience enable us to fulfill the requirements of our unique customers going forward. We
continue to broaden our product mix, drive innovation and augment our value- added
capabilities, while adhering to the best quality and safety standards. In view of our
commitment to a healthier environment, we continue to focus on optimal utilization of
resources across our operations. We are consistently improving operational efficiencies,
minimizing consumption of natural resources and treating emissions generated at our plant.
Looking ahead, evolving customer preferences for food and beverages, increased incomes
and solid growth prospects of textile, pharmaceutical, paper and other user industries are
the significant growth levers for high-margin corn starch products. At Sayaji Industries,
we are well poised to exploit the massive opportunity with constant capacity expansion and
product diversification.
I would like to thank our customers, our people, our shareholders and our partners for
their persistent faith and confidence in us. We seek your support and guidance in our
journey ahead.
| Sincerely, |
| Priyam B. Mehta |