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Jindal Worldwide Ltd.

BSE: 531543 Sector: Industrials
NSE: JINDWORLD ISIN Code: INE247D01039
BSE 00:00 | 20 May 283.60 -1.90
(-0.67%)
OPEN

276.00

HIGH

289.70

LOW

274.10

NSE 00:00 | 20 May 283.95 -0.85
(-0.30%)
OPEN

284.80

HIGH

287.00

LOW

275.55

OPEN 276.00
PREVIOUS CLOSE 285.50
VOLUME 4694
52-Week high 387.75
52-Week low 50.00
P/E 62.33
Mkt Cap.(Rs cr) 5,686
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 276.00
CLOSE 285.50
VOLUME 4694
52-Week high 387.75
52-Week low 50.00
P/E 62.33
Mkt Cap.(Rs cr) 5,686
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Jindal Worldwide Ltd. (JINDWORLD) - Chairman Speech

Company chairman speech

"At Jindal we believe that giving back to the society is a prime responsibility.We recognise our role in shaping a sustainable future and therefore continue to engagein socially productive endeavours. Our constant focus on empowering lives and makingmeaningful contributions to communities around us has made us a Company cognisant withresponsibility."

Dear Shareholders

With great pride and privilege I present before you all the 35th AnnualReport of Jindal Worldwide Limited for Financial Year 2020-2021. The year sawunprecedented challenges for business environment across the world. Although COVID-19 mayhave dominated the setup of 2020 many other geopolitical developments caused the marketand consumers to present a conservative stance. Some of these developments include a tradewar between the U.S. and China a set of natural disasters in distant parts of the worldreservations against global trade among others.

Jindal too observed the impact of this global slowdown in terms of declining demandboth exports and domestic coupled with lower prices of products. Raw material pricessurged and caused a dislocation in the global supply chain.

However despite the headwinds the pandemic and its lockdowns had made we continued topost another good year financially. This was largely made possible due to our core focuson technology which has enabled us to serve better than our competitors in the past aswell but at a time of immobility it became a must-have. We reached out to ourstakeholders and continued to foray towards growth and sustainable results despite suchharsh climate prevailing over the globe. For us customers remain at the front of ourpriorities as we time-and-again have and will continue doing our best to meet theexpectations they have of us. It is this customer-centric passion that has rewarded uswell and continues to spin our wheels.

Overcoming the hurdles

Jindal relied on its long-tested strengths of superior quality extensive network andrepute to harness the rough winds of the pandemic. Although the sudden halt in activitiesforced by a nationwide lockdown was detrimental in the first quarter we were able torecommence our growth path from the second quarter. As the nation unlocked mostindustries observed recovery. With the retail sector opening during the last two quartersof 2020-2021 we witnessed a spurt in our numbers owing to the pent-up demand coupled withregained locomotive freedom. Progressively the consumer sentiments improved during theyear with the fourth quarter witnessing top-line growth that was driven by brandedtextiles and Jindal ended the fiscal on a positive note recording the best ever singlequarter performance Q4 Financial Year 2020-2021. Banking on the fundamental strengths thathave kept us growing for the past years we are confident of the future growth too.Agility quality and upgrading technology will continue to drive the Jindal ahead.

Responsibility Of The Society

At Jindal we believe that giving back to the society is a prime responsibility. Werecognise our role in shaping a sustainable future and therefore continue to engage insocially productive endeavours. Our constant focus on empowering lives and makingmeaningful contributions to communities around us has made us a Company cognisant withresponsibility. Our CSR initiatives aim to ensure an inclusive well-being for allespecially the underserved fragments of our society. I am optimistic that Jindal willcontinue to lead the way in Indian textiles and continue to create value for ourstakeholders.

My sincere Gratitude

I would like to express my gratitude towards the Board for their guidance and supportas well as to our Management and each one of our team members because hard work is thevery fabric of our being and without each individual committing to our vision this wouldsimply be impossible. I am thankful to all our bankers and shareholders for theircontinued faith and trust in our abilities. These are challenging and uncertain times butwe feel confident that as a company and community we can get through this together. Asour history would verify the name ‘Jindal' accounts for ambition and achieving whatwe set our minds to.

As I look ahead I strongly believe that the best is yet to come

Yours Sincerely
Dr. Yamunadutt A. Agrawal
Chairman
Jindal Worldwide Limited

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