Message to shareholders

Dear Shareholders

The year 2020-21 has been challenging for each one of us. The Covid -19 pandemic hashad a significant impact on lives livelihoods and the business. Operational challengesmounted due to restricted movement and disrupted supply lines during the first few monthsof the pandemic. As the second wave of Pandemic unfolds with predictions of a third wavein the offing our focus continues to be on our people's health and safety and protectingour business model. We managed Covid challenges well and Personally I am an optimist andgreat believer of human ingenuity and capability. I am quite certain that the world willfind a way to deal with the challenges posed by this virus. We at Mittal have been on apath to further consolidate our position as strategic supply chain partner to world'ssuccessful apparel brands. I assure your company is well positioned to come out of thishistorically challenging episode much stronger. We have already made several difficult butprudent decision. We will continue to watch the situation with a high degree of alertnessand act swiftly in a decisive manner.

AS I reflect on the past year I would like to offer my profound thanks andappreciation to our employees and their families. Despite the personal challenges eachand every one of them remained unwavering in their commitment towards our company and ourmission of reimagining a healthier future for us all. My deepest appreciation and sinceregratitude.

I would like to thank all our partners distributers our Board of Directors and ofcourse You our shareholders for your continued faith and support. On behalf of theCompany I would like to extend our sincere gratitude to the ‘Corona Warriors'especially Doctors paramedical personnel government officials and health and hygieneworkers who continue to fight tirelessly to keep us safe and healthy.

I sincerely thank you for continuing to have faith your leadership's ability to createvalue overtime.

Warm regards

Brijeshkumar Mittal

Chairman and Managing Director