Dear Shareowners,
It is a matter of great pride for us that BSL has completed 40 years of excellence.
Founded in the year 1976, our journey over the last 40 years has been rewarding
experience. It has been possible due to the trust and confidence reposed on us by all our
stakeholders. With our determination and continuous efforts, we have been able to place
ourselves as leading Composite Textile Mill in the country.
We started in the year 1978 as Synthetic yarn producer with a very small capacity.
Besides increase in the spinning capacity for Synthetic and Worsted Yarn production, we
are leaders in Synthetic Blended Lycra, Cotton, Wool and Wool Blended Fabrics supplied all
across the world. Apart from our presence in the Yarn and Fabrics, we are also producing
world class Trousers and Jackets at Garment Factories in Daman & Surat.
Going forward your Company will mainly focus on increasing its in the share of value
added products in the supply chain. The substantial capital investment during 2010-11 to
2014-15 will support this strategy. In the next couple of years we shall focus more on
consolidation.
Your Company's increasing presence in the international market would further enrich the
list of its valued customers. We continue to strive on the Company's major strength on
design and development of the new products.
The amalgamation of Banswara Fabrics Limited and Banswara Global Limited with your
Company has been approved by all concerned authorities. The scheme is awaiting the final
approval by the Hon'ble Rajasthan High Court. It would be my pleasure to welcome the
shareholders of these Companies to Banswara Syntex Limited.
I would like to take this opportunity to express my gratitude to all our stake owners
for their continued confidence and endorsement to our growth strategy. All this has been
possible only because of your continuous support and motivation over the 40 years journey.
| With warmest regards, |
| R.L. Toshniwal |
| Chairman |