A Very Good Afternoon to all of you,
It gives me immense pleasure to welcome you all to this 2V Annual General Meeting ofthe Company. Firstly, I would like to thank you all for making you presence at thisAnnual General Meeting and continuing to uphold your faith in ?? the facets of theCompany's Operations. Secondly, am glad to share with you the we as a Company have enteredinto the 3rd decade of Operations.
While, I am filled with a sense of pride for what have been accomplished so for thereis also a sense of purpose for what still needs to be accomplished. Further there havebeen turbulent times when critical decisions had to be undertaken by the sense ofperforming has always been and will always be a driving force for in this journey.
To begin with, let me take you through the Global and Indian Economic Scenario
Speaking about the Global Economic Scenario, I am sure that each one of you aware ofthe Political and Economic Turmoil that the world is witnessing. However it is hearteningto note that India is among the very few Countries who have managed to stand the test oftime. Even in this strenuous phase, the India Economy is growing at the pace of about 6.9%and is thus expected to play major role in the development of global economy. Also interms of Medic advancement, I can mention that the success story of the Indian economy hasbeen astonishing and there are no lop- sided views to this fact. Considering the factorbeneath this pace of success, I would definitely like to point out, that though theCountry has been facing abundant problems on account of the ever- risir population, butthis has been a contributor for enabling the country to elevate in medical standards.
Secunderabad Healthcare Limited
Moving ahead to the success story of the Company, I have no words to describe howwe have evolved, from a Marginal Company to a Mid- Sized Entity. We have carved a positionfor ourselves which we had never thought off. We have grown stronger, better equipped andmore confident in our business offerings.
The financial year 2012 marked a steady year for your Company amidst a highly uncertainglobal environment. During the tough business environment, we focused our efforts ongaining the knowledge and capabilities to build tomorrow's enterprise. Following the saleof healthcare products, your Company continues to grow the existing Pharma business whilemaking a stepping stone in the newer business segments. We are in hunt of opportunitiesthat would enable us to maintain our margins and provide us sustainable returns. Althoughthe Pharma Industry is facing a challenging time with expiry of major patents, yourCompany is well placed to leverage the opportunities and counter the stress created in thesegment.
As I close my note, I wish to take the opportunity to extend my appreciation for thevaluable services rendered and the ever- enduring faith reposed by all the stakeholders atevery juncture of operations of the Company. It is this faith and confidence of theStakeholders that has enabled the Company to write its success story and we assure youthat we would constantly strive to live up to your aspirations and expectations.
(Solomon Deniel Bondugula)