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We will be responsible towards nature and protect the environment (caring),
build teams and expand our organisations (growing) and bring out our
intrinsic goodness – to be unconditional givers – and create, in our own small
way, an integrated society (sharing). This approach of Inclusiveness where
growing is synonymous with caring and sharing is what our Company has
stood for since its inception in 1947. The world-famous mangoes come from
Valsad (the district in which our Company established its first facilities);
mango trees therefore are perhaps an apt metaphor to denote our endeavour
of caring, growing and sharing.
You are not a drop in the ocean. You
are the entire ocean in a drop.
~ Jalāl ad-Dīn Rūmī
Contents
01
Reminiscing 2014-15
02
Corporate identity
04
Serving diverse industries
05
Breadth and depth
06
Purpose and Values
08
Letter to the Shareholders
10
Operational highlights
13
Recognitions
14
Financial charts
18
Serving the society
20
Board of Directors
21
Directors’ Report
25
Annexure to the Directors’ Report
47
Management Discussion and Analysis
54
Corporate Governance
70
Notice
82
Performance trend
83
Financial Statements
Forward looking statements
In this Annual Report, we have shared information and made forward looking statements to enable investors to know our product
portfolio, business logic and direction and thereby comprehend our prospects. Such and other statements - written and oral - that we
may periodically make are based on our assumptions. We have tried wherever possible to identify such statements by using words
such as ‘anticipate’, ‘believe’, ‘estimate’, ‘intend’, ‘plan’, ‘project’ or words of similar substance in connection with any discussion of future
performance. We cannot guarantee that these forward looking statements will be realised although we believe we have been prudent
in our assumptions. The actual results may be affected because of uncertainties, risks and even inaccurate assumptions. If uncertainties
or known or unknown risks materialise or if underlying assumptions prove inaccurate, actual results can vary materially from those
anticipated, believed, estimated, intended, planned or projected. We undertake no obligation to publicly update any forward looking
statements, whether as a result of new information, future events or otherwise.