Dear Shareholders,
The fiscal year 2020-21 was eventful in more ways than one. During FY 2020-21, India
was impacted by the spread of the COVID-19 pandemic. To contain its spread, India
announced a nationwide lockdown. This led to a slowdown in our operations during the first
quarter of FY 2020-21.
During these challenging times, your Company prioritised the health and safety of
employees, protected the interests of stakeholders and strictly aligned itself with
government guidelines to minimise impact on operations. As the period being challenging,
your Company has suffered badly in this pandemic. The business operations of the company
decreased to a great extent. However, we are optimistic about Company's future growth and
development. We have undertaken several strategic initiatives to drive improvement across
operating parameters and create a more efficient and sustainable business framework.
I would like to extend my heartfelt gratitude to all the medical professionals and care
givers, who are tirelessly engaged in making the world a safer place. I must also thank
our valued shareholders, employees and other stakeholders for their continued support for
our commitment to build a sustainable business.
Warm regards,
Shivkumar Chauhan
Managing Director
(DIN-00841729).