It is my honour and privilege to interact with you as the Chairman of the Board atShalimar Paints Ltd. As mentioned to all stakeholders earlier Shalimar Paints witnessedunfortunate incidents including fire that have impacted the Company's financials. But itmakes me happy to say that the resilience and commitment displayed by your Company'semployees have further strengthened the resolve and determination of the Board tosuccessfully overcome all such drawbacks.
The Paint industry has huge potential in terms of volume growth and revenues.Historically Shalimar Paints has had a good brand name and it is our firm belief that incoming times it would be possible for Shalimar Paints to gain a respectable portion ofthis business pie and become profitable again. With this in view the Promoters havedecided to make further investments in the Company and revive it.
Despite several constraints your Company continues to do its best for the society. Afew initiatives that your Company has undertaken are as under:
Slum painting initiative under the Kachi Gali campaign that transformed 750+homes and a primary school in Sanjay Camp Delhi;
Continue support to education of the under-privileged kids through GoaberiaSchool Howrah that incidentally also completed 100 years recently;
To ensure your Company gives back to the environment multiple tree plantationdrives have been facilitated across your Company's manufacturing locations.
I assure you all that with the fresh round of investments it would be our consciousand constant endeavour to see that your Company regains its lost ground as a leadingIndian Paint manufacturer and stands true to its legacy since 1902.
We need your continued support more now than ever. I would like to thank allstakeholders including employees as well as extended partners dealers and suppliers fortheir hard work and commitment in this critical phase of Shalimar Paints.
Finally I thank you for your continued trust confidence and support.