Friends, we have every reason to be optimistic about the future of our company provided only that the regulatory environment does not turn unexpectedly vicious. With a young and upwardly mobile demographic, I am confident that governments cannot continue with the present stance of impeding growth on the one hand, while trying to squeeze ever increasing revenues from the industry.
In closing, I would like to place on record my appreciation for the efforts of all our managers, staff and workers without whose diligent efforts, we would not have been able to achieve our outstanding results. Our board has consistently guided us with wisdom. Particular thanks are due to our suppliers and customers, both of whom have consistently backed our efforts. Our bankers have provided us with funding when needed at competitive rates. Last, but in no way, the least, a heartfelt thank you to all of you, my dear fellow share holders.
Cheers
Dr. Vijay Mallya
Chairman |
