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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.
Contents
Our rewards will always be in exact
proportion to our service.
- Earl Nightingale
On the cover page, the plants reflect our commitment to
grow consistently and give back more than what we take,
the earth signifies our commitment to environment and
the sky our aspiration to grow. Thus, our purpose is larger
and shared. We have inherited this enriched legacy from
our predecessors and are privileged to carry it forward.
Corporate Identity
Serving Diverse Industries
Purpose and Values
Letter to the Shareholders
Operational Highlights
Financial Charts
Research
Technology and Manufacturing
02
04
06
08
10
12
16
17
Safety, Health and Environment
Serving the Society
Directors’ Report
Management Discussion and Analysis
Report on Corporate Governance
Notice
Ten Year Review
Financial Statements
18
20
23
25
32
46
54
55