It gives me immense pleasure to present to you the Annual Report for 2020-21. To beginwith I hope every one of you and your family is well and healthy. In these challengingtimes it is more important than ever before to remain vigilant in safeguarding the healthand well-being of the team while reliably supplying products to our customers. Thefinancial year 2020-21 also was full of challenges and crucial commitments.
We Betex India Limitd intend to purge all distractions that interfere in our business.We concentrate on establishing credibility building relationships and execute our plansto perfection in our venture to provide outstanding service. Last but not the least weendeavour to maintain a long lasting relationship with our honoured clients.
Industries across the globe has witnessed economic slowdown resulted into reducedrevenues and profits due to reduced Demand. However as the situation gets normalisedIndustries will gradually set to normal. Despite of the challenges faced by the companydue to Covid scenario we are ready for the accelerated growth by expected pickup indemand from user industries and margin expansion. In the present fiscal we will benefitfrom gradual growth in market demand as the Covid scenario eases.
I appreciate the confidence and faith reposed by the shareholders in the Board and theManagement team which has in my view geared up to take on more challenges. I can saywith confidence the Company will improve its performance further in the coming years. Thisis however only possible through tireless efforts; dedication and commitment of our teamwho have helped us reach where we are now and look forward to their continued commitmentin the journey forward.
On behalf of Board of Directors we would like to sincerely thank our all stakeholders-customers employees suppliers partners and investors for their continuing supportconfidence in us.
Success is working together and not a destination It is with this hope and faith Ilook forward to your continuous confidence in your Company embarking on the next phase ofits growth journey.
Mr. Maheshkumar Somani