Dear Fellow Shareowners

At the outset I would like to thank all our esteemed shareholders for theiroverwhelming support and trust reposed in the company. The Management at B&B ispleased to present the first financial report of your company following its initial publicofferings in October 2018. I express my courteous gratitude to all the shareholders whohas invested their hard-earned money in the stake of the company and made Public issueoutstanding successful. The Company got a remarkable response from the public and itspublic issue was fully subscribed.

With a strong financial performance during FY 18-19 by all business and purposefulstrides on strategic milestones we are making steady progress towards our vision ofB&B Reimagined. The business continues to build capacities for enhanced performanceand delivery across verticals with innovative products and services as well as technologyadoption that include digitisation and automation.

The corrugated box industry is an inevitable part of manufacturing sectors which relyheavily on ample corrugated packaging for finished goods transportation and handling.India corrugated box industry is expected to increase at a CAGR of double digit CAGR inbetween the FY'2018 and FY'2023 in terms of revenue due to the elevating demand from theend user segment in order to store and transport their end products. Increasing the demandof safe and cushioned packaging of the product will augment the growth of India Corrugatedbox market.

E-Commerce is a huge platform which is growing at an unprecedented rate all over theIndia. Proper packaging is integral to e-commerce since it can influence a consumer'sdecision. E-commerce packaging has increased the demand for rigid packages such as cartonsor corrugated boxes.

Today we remain committed to ensuring the highest standards of corporate governanceand excellence at B&B. Being in compliance with all the regulatory laws &regulations and the infusion of talented and experienced leadership the company is gearedfor exceptional growth. The company is exploring new ideas into business to continue toenhance shareholder value.

Today with unboxing the success stories we are building capabilities enabled bytechnology to create an organisation which is ready for future challenges rolling thosechallenges into opportunities and resulting the opportunities into remarkable success. ForFY 2019-20 we are preparing ourselves for future opportunities to fulfil our vision tobuild on our strengths capabilities and offerings. With the remarkable addition of theconsumers every year we will be able to achieve our vision. This paradigm of anever-evolving new consumer gives us a great opportunity for exponential growth over thecoming years.

The opportunities ahead are huge. By staying true to its mission and its values and bycontinually investing in building newer capabilities your Company is positioned well tobecome the foremost partner of choice to all forward-thinking enterprises in their growthand transformation journeys. On behalf of the Board of Directors of B&B TriplewallContainers Limited I want to thank you for your continued trust confidence and support.

Warm Regards

Manish Kumar Gupta

Managing Director and Chairman