Dear Shareholders,
Let me please have the pleasure of announcing the completion of yet another fruitful
Financial Year 2020-21. This year was very eventful and challenging due to the
unprecedented effect of Covid-19. However your Company has withstood all the negatives and
has come off with flying colours.
The dream project of Active Pharma Ingredients at Tumkur is in construction stage and
your company has obtained all the necessary clearances from different governmental bodies
and all the related works are progressing fast. Many of the key machineries have been
ordered and negotiations are on to procure balance machineries.
Your Company has added new capsules manufacturing lines at Attibele unit and expansion
of factory is in progress to alter the facility to accommodate additional machines and
manpower.
Pondicherry unit is maintaining it's high standards as usual.
Gross sales has reached a new height as a result of dedicated efforts by management,
staff and workers at every level. The Company hopes for better performance once Tumkur
project is operational and looks forward for continued support from it's shareholders.
Thank You, CP RANGACHAR
Chairman.