I hope this letter finds you all safe and healthy free from the scars of the multiplewaves of the pandemic which continues to present a real threat to society at large at aglobal level.
Your company has continued to persevere through the challenging times. I am pleased toshare that your company has been operative throughout the pandemic in compliance withgovernment regulations and guidelines with several agile adaptations in its workings.Besides that your company has engaged in various initiatives to mitigate the seriouschallenges due to the COVID-19 situation at a grass-root level.
Your company takes this opportunity to acknowledge the support and contributions fromits Board of Directors. Your company appreciates the wholesome contribution of Sh. RaviShingwekar who served at the post of independent director for many years. Your companywelcomes its new independent director Sh. Kshitij Negi and wishes the very best for histenure in the company.
I am pleased to share that your company got the rare privilege of being amongst theselected few companies handpicked by the Indian Army to provide emergency supplies of itslatest ultra capacitor based jump starting devices for Class A Vehicles in light of thetense border situation. I am also pleased to share that your company has bagged apioneering first-of-its-kind technology demonstration project in Indian context for apulse power application using ultra capacitors for a reputed government research lab. Yourcompany looks to consolidate its offerings for the defence sector through this and otherassociated initiatives.
Consolidating on its in-house strengths your company has invested in severaltechnology development as well as manufacturing initiatives that have lead to directimport substitution across multiple product / customer segments.
I am also pleased to report that your company has successfully built and type tested anenclosure for a 33kV rated Current Limiting Protector (CliP) from M/s G&W ElectricCo. USA for a major petrochemical project in India. Your company now stands in theesteemed company of discerning multinational companies worldwide with such provenofferings.
Your companys subsidiaries are advancing in their respective objectives. FaradigmUltracapacitors Pvt. Ltd. has progressed in being able to deliver industry ready offeringsin energy storage. AIC-Aartech Solonics Pvt. Ltd. supported by Atal Innovation MissionNITI AAYOG has continued to engage with the startup ecosystem in India and abroad andfocusing on building win-win prospects with all its stakeholders.
A look at the numbers will indicate that your company has maintained and marginallyimproved its top line and bottom line despite the disruptions abound due to COVID-19. Thisis largely due to agile efforts from the executive team at AARTECH innovativetechno-marketing initiatives adaptations to our product mix and effective clientinteractions.
Your company is looking at its strength in innovation and entrepreneurship; coupledwith its young and dynamic workforce; to deal with the visible challenges and leverage thenew opportunities in new horizons that are emerging. This may require several pivots withdepartures from the past with a great deal of resilience as new learning emerge.
As your company recently completed its 2nd year of listing and a step closer to meetingrequirements for main board listing it continues towards its long-term vision to unlockvalue for all its stakeholders. Your company looks forward to your continued support intothe future towards this vision.
With warm wishes for a safe and healthy future in Corona times.
|Amit Anil Raje |
|CMD Aartech Solonics Limited |
|DIN: 00282385 |
|06th September 2021. |