I Pravinkumar Prajapati Chairman and Managing Director of the Company red carpetwelcome you all in 5th Annual General Meeting (AGM). First of all I am verythankful to you to show your faith and trust on our valuable organization it is my desireand wish that this association of ours will strengthen our hands in to reach gloriousheights.
In March 2020 the world changed forever. The rapidity with which theCoronavirus has taken over our lives show that the impact of COVID-19 upon theworld is going to be enormous and long-reaching. It is an event of such a scale thatsometime in the future we may even refer to our life as pre-pandemic and post-pandemic.
Since March 2020 COVID-19 has basset the world infecting millions of people andbringing lives to a near-standstill. In many countries severe lockdowns were imposed tocurb the spread of the virus. While this was a necessary evil for the safety of thepeople it has dealt a crippling blow to the global economy. Baseline forecasts show a5.2% contraction in the global economy despite all governments' best efforts to cushionthe impact by providing unprecedented support and fiscal policies.
In India there has been a mass exodus of thousands of immigrant workers who live ahand-to-mouth existence. Hundreds of salaried employees have been laid off as companiesstruggle to deal with the lockdown and scale down to cut losses. In these scenariosgetting new jobs is also becoming more and more difficult as most companies have stoppedrecruiting till things go back to normal.
Our Company has completed 5th year of success journey. I would like toextend my gratitude to all our stakeholders including the staff members and otherstakeholders for their unstinted support in shaping the performance of the Company.
We cherish the long-lasting and time-tested relationships with our customersemployees regulators business partners government lenders and other stakeholders. Inconclusion on behalf of the Board of Directors of M/s. Dhruv Wellness Limited I take thisopportunity to thank our stakeholders for their continued faith in our abilities and theirconstant support. We will continue to create long-term sustainable value for all by beingconsistent and flexible and I look forward to an exciting journey ahead together.
Thanking You Yours sincerely
Pravinkumar Prajapati Chairman and Managing Director
DHRUV WELLNESS LIMITED CIN: L74900MH2015PLC263089 Registered Office: Chawl No -1 RN 2Amba Mata Mandir Compound near italiya Comp
Mumbai - 400063.