Letter to Shareholders
This year there have been significant changes in the Company all around. We will takethis opportunity to thank our members for showing great interest and efforts forsubscribing to our Initial Public Offer (IPO) on National Stock Exchange-Emerge Platform.
We have great pleasure in presenting the Annual Performance Report for the financialyear 2018-19. As you know this was a year of transition for the company. The Resultsannounced are quite encouraging in a sense that the past year was an eventful one interms of overall economic reforms not just for us but for the whole of corporate India.In its sustained effort to achieve uniformity and transparency the Government implementedsignificant reforms in the last fiscal years GST which we believe will continue topositively impact the Indian economy in the coming years. The unified tax regime underGST is designed to enable India to be one of the fastest growing
In order to expand our business and customer base we have on August 22 2017 enteredinto a Master Manufacturing and Supply Agreement (MMSA) with Tata Steel Limited (TSL)whereby TSL has assured offtake of doors manufactured and shall work with us to improveprocess and line efficiency. We consider this alliance with Tata as one of our biggeststrengths.
Our single-minded focus on the quality of our deliverables and strong process controlhas been recognised by multiple industry bodies and accolades galore.
Your Company is a strong believer in adaptability and has already been attuning itselfto altering market sentiments. As a Company our vision is to create spaces that areapparitional and live beyond our lifetime; developments that set benchmarks for theindustry and enhance the entire ecosystem they operate in. As always we would like tothank you for continuing to repose your faith in our organisation and standing by us. Witha sustained emphasis on quality control execution innovation and ethics the futureaugurs well for your Company. Wishing you all a successful year ahead
Ch. Suresh Mohan Reddy