Dear Shareholders

It gives me an immense pleasure to present before you the performance of your companyfor 2018-19. Having established Genus as a major player in paper industry known forsuperior quality in Kra paper we continue our journey on the path of growth andexcellence.

Performance in FY19

Your company has achieved highest ever annual revenue of Rs. 431.44 Crores in FY19against FY18 revenue of Rs. 345.52 Crores. The EBIDTA (Earnings before Interest TaxDepreciation and Amortization) stood at Rs. 33.83 Crores and PAT (Pro t a er Tax) stood atRs. 7.83 Crores with EPS (Earning per Share) of Rs. 0.30 at the face value of Rs. 1.

Current Trend

The story of packaging and Kra paper continues on its healthy growth path. The FMCGwhite goods consumer durables and e-commerce sectors are propelling engine of demand forKra paper at faster rate compared to overall paper industry. Here too the demand forhigher quality and higher burst factor (BF) paper is growing faster which is an area ofstrength for Genus. We believe that huge expansion of e-Commerce and entry of globalplayers would further drive the growth for quality paper and packaging

“Everything has a cost. If the market is ready to pay for the quality then we areready to invest”

Company’s Future Outlook

Genus is a 100% recycling-based paper mill. Over the years Genus has spent money andresources on technology to manufacture Kra paper under the eco-friendly environment.

All the segments of paper are experiencing good growth both locally andinternationally. Amidst this scenario Genus Paper is well poised to leverage its growthstory. We have never compromised on the product quality and made the required investmentsto achieve the same. Differentiation innovation and automation are our mantras forsuccess. Company would continue to focus on its key strengths to achieve healthy growth byfurther enhancement of quality. Though we enjoy premium in pricing compared to othermarket players we hope to improve the sales realization further due to our thrust onquality and brand positioning. We are constantly looking for growth opportunities in themanner most bene cial to all Stakeholders.

Acknowledgement

I am grateful to our shareholders customers bankers our board of directors and ouremployees for their unstinted faith and support. All this gives us immense strength andcon dence towards the journey of your company towards greater heights of growth andsuccess in coming days.

Yours truly

Mr. Ishwar Chand Agarwal

Technology-driven