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Focus Lighting & Fixtures Ltd.

BSE: 538416 Sector: Engineering
NSE: FOCUS ISIN Code: INE593W01010
BSE 05:30 | 01 Jan Focus Lighting & Fixtures Ltd
NSE 00:00 | 23 Sep 56.25 0
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Focus Lighting & Fixtures Ltd. (FOCUS) - Chairman Speech

Company chairman speech

Dear Shareholders

I trust you and your families are safe and doing well.

I am pleased to share with you an update on your Company's performance for FY 2.019-20.The year saw a challenging business environment with lower GDP growth and slowdown inconsumption. This resulted into a weakening consumer sentiment and lower demand for thecategories in which we operate.

GDP growth moderated to 4.8 per cent in H1 of 2019-20 amidst a weak environment forglobal manufacturing trade and demand. Due to rising global volatility normalisedmonetary policy in advanced economies externalities from trade disputes and investmentrerouting there has been a dampening effect on the consumer sentiment.

With the safety and well-being of our employees customers and partners as the utmostpriority we have resumed operations at all our Ahmedabad Factory after taking therequisite precautions. We intend to scale in a graded manner as the entire enablingsupport system of suppliers dealers and customers comes up to speed.

The demand scenario is expected to remain uncertain in the aftermath of the COVID-19pandemic. Accordingly we continue to build agility to respond dynamically to the changingconsumer behaviour through closer connect with our customers.

As we look ahead to greater opportunity and prosperity I would express my sincereappreciation to employees at all levels for their contribution towards the performance ofthe Company. I would also like to extend my gratitude to our customers stakeholdersbankers and suppliers for their loyalty and trust in us and express my sincereappreciation to all shareholders for their continued support.

Amit Sheth

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