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Consolidation is essential to achieve sustainable growth, and we are committed to

continuously improve and strengthen our processes, thus building foundations for the

future. Established in 1947, our Company has survived the tests of time, and we are

committed to solidly prepare it for the years ahead.

Corporate Identity

Serving Diverse Industries

Purpose and Values

Overview by the Chairman

Operational Highlights

Financial Analysis

Research

Technology

Safety, Health & Environment

Serving the Society

Directors’ Report

Management Discussion & Analysis

Report on Corporate Governance

Notice

Ten Year Review

Financial Statements

Expansion is Life,

Contraction is Death.

- Swami Vivekananda

Contents

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’, ‘estimate’, ‘intend’, ‘plan’, ‘project’

and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward looking statements

will be realized although we believe we have been prudent in our assumptions. The achievement of results is subject to uncertainties, risks and even

inaccurate assumptions. If uncertainties or known or unknown risks materialize or if underlying assumptions prove inaccurate, actual results can vary

materially from those anticipated, 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.