Letter to Shareholders
This year, there have been significant changes in the Company, all around. We will take
this opportunity to thank our members for showing great interest and efforts for
subscribing to our Initial Public Offer (IPO) on National Stock Exchange-Emerge Platform.
We have great pleasure in presenting the Annual Performance Report for the financial
year 2018-19. As you know, this was a year of transition for the company. The Results
announced are quite encouraging, in a sense that the past year was an eventful one in
terms of overall economic reforms, not just for us but for the whole of corporate India.
In its sustained effort to achieve uniformity and transparency, the Government implemented
significant reforms in the last fiscal years GST which we believe will continue to
positively impact the Indian economy in the coming years. The unified tax regime under
GST, is designed to enable India to be one of the fastest growing
In order to expand our business and customer base, we have on August 22, 2017, entered
into a Master Manufacturing and Supply Agreement (MMSA) with Tata Steel Limited (TSL),
whereby TSL has assured offtake of doors manufactured and shall work with us to improve
process and line efficiency. We consider this alliance with Tata as one of our biggest
strengths.
Our single-minded focus on the quality of our deliverables and strong process control
has been recognised by multiple industry bodies and accolades galore.
Your Company is a strong believer in adaptability and has already been attuning itself
to altering market sentiments. As a Company, our vision is to create spaces that are
apparitional and live beyond our lifetime; developments that set benchmarks for the
industry and enhance the entire ecosystem they operate in. As always, we would like to
thank you for continuing to repose your faith in our organisation and standing by us. With
a sustained emphasis on quality control, execution, innovation and ethics, the future
augurs well for your Company. Wishing you all a successful year ahead
Best Wishes
Ch. Suresh Mohan Reddy
Managing Director