Dear Shareholders
I'm pleased to inform you that your company has achieved a 20% growth in terms of topline during the last financial year.
This gives us immense confidence in our R&D roadmap which includes new productsbeing developed and already developed products being commercialised. With new projects andopportunities coming our way in the Railways we continue to be heavily invested intechnology that is both created and manufactured in India.
Like the rest of the world we too have been negatively affected by the pandemicwhich has resulted in a slow first quarter however we have survived the quarantine periodand we are confident to recover from here onwards.
On behalf of the entire Management Team I would like to thank you for your continuedbelief and trust in Hind Rectifiers Ltd.
| Best Wishes. |
| S. K. Nevatia |
| Chairman & Managing Director |
