Dear fellow Shareholders,
The global economy was grappling with a VUCA (Volatile, Uncertain,
Complex & Ambiguity) environment. The fiscal 2021-22 posed a challenging operating
environment for the Indian economy as well. Factors such as liquidity constraints, muted
investments, weak consumption and volatile commodity prices were consistent deterrents on
the path of growth.
COVID-19 pandemic has now changed the economic foundations/ principles
of world trade. It has further brought in an environment of unprecedented social,
economic, and business response. It has fundamentally changed the way we live, work, and
has made 'Work from Home', 'Social distancing', and 'Higher technology adoption' as the
'new normal'. As a responsible corporate entity, CMI undertook a series of measures to
ensure safety and wellbeing of our employees, and to support dealers & distributors.
We have taken necessary initiatives to support our esteemed Associates
and your Company is back of growth track. While the Company management does foresee
certain challenges in its supply chain activities due to continued impact of COVID-19 and
volatility in commodity prices, this may not have a significant impact on its operations
in the coming season.
Amidst all the above, it gives me pleasure to present to you the CMI
Limited Annual Report 2021-22 as your Company is striving to regain its strengths and
posted an unexpected financial position.
At present, your Company is continuously striving for surviving in a
highly volatile market. The focus is on restructuring in all areas of businesses whether
it is sales, R&D, product innovation or investment. Your Company is taking concrete
and effective steps to consolidate its position in the Cable industry. The underlying
philosophy of your Company is to grow in a manner that is sustainable for its
stakeholders, employees and the community at large.
On behalf of the Board and the Management, we seek support from each
and every stakeholder to bring prosperity to one and all and before I conclude, I wish to
thank all my Board Members, regulatory authorities, our management, employees and the
stakeholder fraternity for their guidance and continued support. I am confident that your
Company will successfully cross every hurdle in the years to come by leveraging its
strengths and by tapping- in on new opportunities.
Thank you once again for the trust and confidence reposed on CMI.
| Sd/- |
| Amit Jain |
| Chairman & Managing Director |