BSE LiveJul 15, 12:04
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NSE LiveJul 15, 11:45
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Dear Stakeholders and Partners,
I sincerely believe it is time to reflect and look back at the year gone by ending March 2018, certain developments, like macro environment, global concerns on various economies, and events affecting our patent licensees etc., have greatly influenced almost every corporate entities. These are not in everyone''s control. Your company did see some slowdown in the second half onwards, and I take this as a signal for us to tighten our belts, start looking more seriously into our entire patent portfolio, work even harder into initiating Make in India projects, taking benefit of our Honorable Prime Minister''s initiatives of focusing in Swachh Bharat (Clean India), Secure India and Green India.
Our clients in Europe have gone under pressure from slowing down of the European economy, due to the US President''s Make in USA and America First policy pronouncements resultantly, we decided to de-risk our business model, and focus on Make in India projects and getting ready to enter with proper strategies into the US markets. As we all know that this shift necessitates fresh thinking and innovation. We now have new team members, who are aligned to this new thought process, and are now getting active in identifying varied technology partners in Europe and UK.
Brexit will be beneficial to your company, as Arrow''s UK subsidiary companies will gain importance while opening the Indian and European markets. We have been focusing on newer and greener technology, like using Graphene to replace carbon black, and this vision will fructify in the coming years. Arrow UK has been working with some leading technology partners in UK, for this project.
We continued to do what we do best: deliver innovative and environmental-friendly solutions to our customers and to drive the performance of your Company, while ensuring a focus on sustainability. We demonstrated resilience and strength to withstand a difficult economic environment.
This innovation-driven-approach and an eye for newer technology partners, and going forward our focus will be on operational efficiency, in production processes and technology absorption, in India, which will certainly add to the bottomline in coming years. The company has taken many strategic initiatives in the last year to achieve its vision of being a leader in innovative green technologies. This aspiration continues to ignite our creativity, energize us, enables us to deliver what we commit, which ultimately, generates value for our shareholders.
Your company continues to tread on the path of transformational journey of sustained growth. To achieve strong growth consistently development of organizational capabilities is very much essential. The Company has continued to make meaningful investments in people, processes, Research & Development, Intellectual Property and Technology. These cost outlays are long term investments for the future. We will keep on looking out for potential profitable avenues, which will continue to create long term value for the shareholders.
The Patent business I assure you, continues to be the central focus point of the Company. We have presently 38 patents granted in India and across various geographical regions in the field of health& hygiene, high strength paper, security, packaging etc. Our product development team is continuously working on the development of new products and filing new patents to secure the Company''s IP portfolio. Also on tangible assets side, we undertook an expansion in our Ankleshwar factory. The new plant, with better technology, commissioned in previous year, has now stabilized its production processes, and have developed high value water soluble films (WSF) for packaging liquids and other cleaning agents. We are confident of delivering world class WSF and taking forward our partnership with Proquimia a Spanish company having world leadership in their business segment, with this expansion, we expect increased revenue and profitability for our Water Soluble Film and Klenz division.
While on this, let me assure you once again that your company shall continue to initiate investment in varied business opportunities in general and GOI''s Make in India projects in particular to derive greater augmentation of overall business.
I express my sincere gratitude to our shareholders, long term investors and our dedicated team members, who have kept faith in your company. I feel proud in acknowledging the contribution of every single member of team, for having faith in the Company and delivering the best. Lastly, let me re-assure you that the Company shall strive continuously to enhance shareholders and other stakeholder''s values in every possible way. Again, I would like to acknowledge the continued support and co-operation from all of you.
Chairman& Managing Director