It is my pleasant duty to inform you that recently your company has proposed dividendof 25% per share subject to the approval of the shareholders at Annual General Meeting.
Your company has performed well this year not only in terms of financials but also forthe betterment of stakeholders of the company. In the FY: 2019-20 your company has crossedan annual revenue of Rs. 73.54 Crores.
Your company has also been contributing positively for the wellbeing of
shareholders employees and
customers during these times of COVID-19 pandemic. This year we saw challengingbusiness environment with lower GDP growth and slow-down in consumption. Despite thesechallenges the support and guidance by our team shareholders and board of directors hasnavigated us in achieving our growth during these times.
Value of human life is of utmost importance and this principle continues to guide ourbusiness and remain committed to our business. We implemented various other methods in ourCompany which allowed us to better understand the issues of our customers which enabled usto take necessary steps to improve the ease of doing business.
Our deep understanding of consumers a strong portfolio and distinctive capabilitiesacross the value chain have enabled us to deliver broad-based superior performance. Wealso have close collaboration between marketing and Research and Development (R&D) weuse our insights to support innovations and product development.
Over the preceding years your company has shown itself to be very purpose-drivenversatile strong and staying relevant to its customers through multiple economic cyclesand doing good for all its stakeholders. This is the secret behind its longevity andsustainability.
Your company has achieved a Milestone of the second largest selling Wood Adhesive brandin India in retail segment. We continue to improve and evolve consistently by cultivatingthe entrepreneurial mindset across the organisation.
There are huge opportunities ahead by staying committed towards its mission and visionand by continually investing in building new capabilities and expertise's over theorganisation.
We will continue our journey to be more accessible and affordable for our customers byexpanding our reach and improving our processes constantly.
I would like to take this opportunity to thank each and every employee as well as thoseworking with our partners across our value chain for their commitment and service to JyotiResins and Adhesives Ltd.
I would also like to thank our shareholders for your immense trust support andconfidence in Jyoti Resins and Adhesives Ltd.
|Best Regards |
|Jagdish N. Patel |