The fiscal year 2020-21 was eventful in more ways than one. During FY 2020-21 Indiawas impacted by the spread of the COVID-19 pandemic. To contain its spread Indiaannounced a nationwide lockdown. This led to a slowdown in our operations during the firstquarter of FY 2020-21.
During these challenging times your Company prioritised the health and safety ofemployees protected the interests of stakeholders and strictly aligned itself withgovernment guidelines to minimise impact on operations. As the period being challengingyour Company has suffered badly in this pandemic. The business operations of the companydecreased to a great extent. However we are optimistic about Company's future growth anddevelopment. We have undertaken several strategic initiatives to drive improvement acrossoperating parameters and create a more efficient and sustainable business framework.
I would like to extend my heartfelt gratitude to all the medical professionals and caregivers who are tirelessly engaged in making the world a safer place. I must also thankour valued shareholders employees and other stakeholders for their continued support forour commitment to build a sustainable business.