CHAMPAGNE VINEYARDS LIMITED
ANNUAL REPORT 2007-2008
Dear Fellow Shareholders,
This communication marks a new chapter in the life of your Company. The
business of the Company has finally gone to a level where you will come
across one brand or the other, under which the Company will serve customers
across the globe.
Consequent to the approval of the Scheme of Arrangement the Company has
taken over the business of Food, Retailing and Hotels from erstwhile Indage
For various reasons there had been a delay in getting approval from the
Judicial Authorities for the Scheme of Arrangement. Consequently some of
the business plans of the Company have been delayed. However, I am sure
that the team management will make up for the lost time in the next 2
The Company has looked beyond the frontier of the country for taking their
brands & business. I am sure the dedication and devotion of the team will
bring success to such efforts. I am indeed proud of the team who has
conceived plan to build up the trans border business with ease and comfort.
I thank the Board of Directors, the bankers and the stake holders who all
have chipped in with their share of enthusiasm in making Indage Hotels a
bunch of joy and enthusiasm.
Sham Ganpat Chougule