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Honeywell Automation India Ltd.

BSE: 517174 Sector: Engineering
NSE: HONAUT ISIN Code: INE671A01010
BSE 10:12 | 25 Oct 42500.00 -475.25
(-1.11%)
OPEN

43054.40

HIGH

43054.40

LOW

42500.00

NSE 10:04 | 25 Oct 42727.50 -271.55
(-0.63%)
OPEN

45217.00

HIGH

45217.00

LOW

42525.00

OPEN 43054.40
PREVIOUS CLOSE 42975.25
VOLUME 39
52-Week high 49805.00
52-Week low 27854.00
P/E 82.85
Mkt Cap.(Rs cr) 37,570
Buy Price 42334.80
Buy Qty 1.00
Sell Price 42597.45
Sell Qty 4.00
OPEN 43054.40
CLOSE 42975.25
VOLUME 39
52-Week high 49805.00
52-Week low 27854.00
P/E 82.85
Mkt Cap.(Rs cr) 37,570
Buy Price 42334.80
Buy Qty 1.00
Sell Price 42597.45
Sell Qty 4.00

Honeywell Automation India Ltd. (HONAUT) - Chairman Speech

Company chairman speech

Dear Shareholders:

I am delighted to connect with you! These are trying times and I sincerely hope thatyou and your family members are safe and healthy.

We have all gone through – and survived – one of the most challenging yearsin recent history. The pandemic which unfolded last year has wreaked havoc across theworld. India went into total lockdown in March 2020 and the impact was felt immediately.The country’s

GDP contracted in the first two quarters of FY 2020-21 driven by the nationwidelockdown and moderation in economic activities globally. However with the gradualdecrease in COVID-19 cases from October 2020 onwards the economy bounced back to growthin third and fourth quarter. Almost all macro indicators had shown steady recovery betweenSeptember and March 2021. However the second wave of the pandemic impacted the pace ofrecovery.

Last year was a difficult year for most companies around the world. This holds true foryour Company as well. However under the leadership of a capable management team yourCompany was quick to pivot and find opportunities to not only tide over a tough year butalso solve for some of the challenges thrown up by the pandemic. Your Company empoweredcustomers with technology offeringsthat enabled them to continue operating optimally withreduced onsite staff. We fast-tracked development and deployment of technologies thathelped enforce guidelines around safety and security in public spaces and commercialestablishments. Importantly your company demonstrated urgency and agility in establishinga production line for N95 respirators in Pune to equip frontline healthcare workers –despite the entire country being in lockdown mode. Some of the solutions that your Companybrought to market will help build confidence among the public as we look at re-emergingfrom the second wave and resuming economic activities.

Non Nascor Mihi Solum - Live not for self alone. Moved by the plight of thousandsof displaced and migrant families your Company mobilised resources to distribute food andhygiene kits across nine cities. Understanding the criticality of preventive measures instemming the spread of the virus we partnered with the Government to distributemultilingual illustrated educational material on the importance of hand-washing andsocial distancing in rural and peri-urban areas. As the impact of the second wave becameevident we worked with local and state authorities to build and hand over COVID-19 carecenters and ICUs across multiple cities and towns. We will continue to find ways to helpthose who are less privileged but certainly not less deserving.

It would be incorrect to say that the end of this pandemic is in sight since there isstill so much that is unknown to us. With the resilience and dedication of the leadershipteam your Company will overcome these turbulent times. On your behalf I would like toacknowledge the tremendous efforts of your Company’s employees at all levels andthank them for their hard work dedication and continued commitment. I would also like tothank our customers suppliers bankers and financial institutions.

Last but not the least on behalf of Board of Directors of Honeywell Automation IndiaLimited I want to thank you for your continued trust confidence and support.

Dr. Ganesh Natarajan

Chairman & Independent Director

.