Dear Shareholders of Apollo Sindoori Family
I sincerely hope that all of you are safe and in good health
I am delighted to write to you at the end of what has been quite a tumultuous yearwhich has forever altered the way we look at society and business. Against a challengingbackdrop the Company's business has remained resilient reinforced by our high qualityand diverse portfolio of assets and experienced Board and Management Team. Our response tothe pandemic while being carefully considered and planned was also prompt and decisive.The senior management team demonstrated exceptional leadership in establishing keypriorities to protect our people our businesses and cash and in acting effectively onthose priorities. Our people responded in a positive and energetic manner and as a resultof their efforts our business has shown resilience.
The times have been truly unprecedented given the pandemic within the hospitalityindustry. The pandemic bore an impact on demand and brought to the fore a need forbusinesses like ours to calibrate strengths and enhance efficiency and performance toemerge mightier. We continue to demonstrate resilience during these times backed bystrong fundamentals extraordinary brands and our optimism for the future.
It gives me an immense pleasure to welcome you at the 23rd Annual GeneralMeeting and to place before you the Annual Report of your Company for the financial year2020-21. The world is witnessing the waves of the COVID-19 pandemic. Like always we areat the forefront in fighting the war against COVID-19 by helping in whatever capacitypossible. In FY 2020-21 the pandemic landed a severe blow to the hospitality industry.Businesses are once again feeling the heat with the uncertainty of restrictions andlockdowns amid the rising number of cases.
I am delighted to inform that Apollo Sindoori Hotels Limited continued to pursue ourfocused strategy which delivered a sustainable growth and returns for shareholders. Weremained committed to our vision to be the most successful organization in the ClinicalNutrition Industry.
The Annual Report for the year ended 31st March 2021 along with AGM Notice Directors'report and the Audited Financials of the company have already been circulated to you. Withyour permission I take them as read. We have tried our best to show consistentperformance during the years despite increase in raw material prices and minimum wages toemployees.
In a challenging external environment your company performed well and deliveredanother year of consistent competitive and responsible growth. This growth in challengingcircumstances is a testimony to the robustness of your Company's business strategy andinnovative service offerings that helped capture new markets
Business Priorities and Market Capitalization: -
Our biggest priority during the financial year 2020-21 was to still add more New NonApollo clients like SVP Ahmedabad Kamatchi hospital etc. and bring back profitabilityand show significant improvement in our market performance. As a result of dedicatedperformance of our team we were able to achieve growth on Revenue.
" Patience persistence and perspiration make an unbeatable combination forsuccess "- Napoleon Hill.
This has been again proved by your Company Apollo Sindoori Hotels Limited. I wish toplace on record the deep appreciation of the valuable contribution of the entiremanagement team and other employees at all levels without which the progress achievedwould have been unattainable. Especially the support employees and staffs who were andare in direct exposure/contact to COVID -19 virus allocated Patients' hospitals pan India.Credit to the entire Team for rising up to the challenge magnificently and in the processleaving no stone unturned towards living up to the billing: "Excellence inHospitality". ASHL Team went about its job of providing Excellence
Hospitality to our beloved customers during these once-in-a-century crisis situations.We have a proven track record of success and we believe we are well positioned tocapitalize on the growth opportunities in front of us. Coronavirus-imposed mandates havehit hard the revenue avenues of ASHL at Units across the country. With ASHL withering theCOVID-19 storm and as patients' intake increases visitors' restrictions looseneducational institutes reopen it is beginning to strategize and think through how toreopen services.
I am energized by the opportunity ahead as we look to become the number-one HospitalityCompany.
Having said that all the above achievements in the last financial years with morededication hard work and commitment from our team the growth will definitelybesustained. We remain committed to you and to our shareholders and thank you for yourcontinued confidence and support. With increasing vaccination rates in many parts of theworld including India we have reason to be optimistic that this pandemic will bedefeated. As we begin another year I would like to extend my heartfelt gratitude to mycolleagues and to our investors and shareholders.
It is your continued support and faith in us that inspires us to do more and do betterevery day. I wish you and your family a healthy safe and productive year. Last but notthe least I acknowledge the valuable guidance support and co-operation received from theDirectors on the Board of the Company.
|With Warm Regards |