Dear Shareholders

I am happy to share the 14th Annual Report of your Company. Tho performance of FY2018-19 has been very goDd. In spite of volatile & changing global scenario all theverticals of the Company have performed well. Effects have been put on enhancing customerbase increase productivity waste control and efficiency. We are witnessing the resultson the efforts made.

Company always makes sincere efforts to enhance the value of all stakeholders and wecontinue to do so every year. I thank all the shareholders and employees for their effortsin making this journey successful.

Performance on o Standalone basis:

Our company had recorded total revenue for FY 2018 - 19 ol Rs 7815.56 Mns as against Rs6444.65 Mns of last FY 2017 - 18 which is a growth of 21.27%.

EBITDA for the FY 2018 - 19 recorded Rs.1340.60 Mns as against Rs 1202.87 Mns tor theFY 2017 - 18 which grew by 11.45%. PAT for the FY 2018 - 19 recorded Rs.697.71 Mns ascgainst Rs 420.12 Mns which grew by 66.07%. EPS for the FY 2018 - 19 recorded at Rs.27.25as against Rs.16.69 for the previous year.

Performance on a consolidated basis

Our company had recorded total revenue for FY 2018 - 19 of Rs 8298.16 Mns as againstRs. 6787.97 Mns of last FY 2017 - 18 which is a growth of 22.24%. EBITDA for the FY 2018 -19recorded Rs.1372.77 Mns as against Rs.1221.97 Mns for the FY 2017 - 18 which grew by12.34%. PAT for the FY 2018 - 19recorded Rs.733.71 Mns as against Rs.478.15 Mns which grewby 53.45%. EPS for the FY 2018 - 19 recorded at Rs.28.66 as against Rs.19 for the previousyear..

Forward Outlook

We assure the growth of the Company is intact- We have plans to increase capacities ofthe existing factories and are in the process of adding few more factories during thecurrent year. We are also increasing our customer base and also planning to diversifygeographically. Wo are planning to make fabric exports and all necessary steps are takento inqrease the same Ihe project on the expansion of dyeing plant will be completed thKyear.Our retail division is also growing on a faster pace. As part of strategy theCompany plans to grow through establishing large format stores and FOFO stores.Ou'subsidiary company in UK has grown in revenue last year and we are looking tq add morecustomers beyond UK and Sourcing is being planned across other manufacturing countrieslike Bangladesh and Sri Lanka from where duty is free for E14# UK.

Acknowledgement

On behalf of the Board of Directors. I wish to thank all the members of the seniormanagement team along with the each and every employee for their contribution to thesuccess of the organisation and in helping in building a sustainable future together.

Sincerely

Mr. P. Sundararajan

Chairman and Managing Director