Over the past several years, the Board has overseen the Company''s
evolution and growth.
The Board strives continually to take a proactive approach to ensure
that the appropriate structures and processes are in place, to
facilitate independent and effective oversight of operations, capital
deployment, strategic growth initiatives and risk management
practices. The Board takes great pride in the systems of strong
corporate governance it has built, which, we believe, serve as the
foundation for enduring success and shareholder confidence. Despite
ongoing challenging market conditions and cyclical bouts of economic
turbulence, Joy Realty Limited strived to deliver positive earnings to
shareholders in 2014-15.
The Board also spent a considerable amount of time on its own renewal
and self-assessment. We welcome new Women Director this past year:
Mrs. Monika Ritesh Trivedi.
The Board remains committed to working closely with management to
ensure the Company has the appropriate business structure to endure
through leaner times but more importantly preserves its ability to
outperform in better markets. With the hope that good days truly lie
ahead let us all look forward to higher growth; more enterprise; less
red-tape; and with these, the next phase of your Company''s growth.
We will continue to prudently balance strategic growth with sound risk
management practices. I am confident Joy Realty Limited has the right
business model, experienced leadership and an outstanding and
dedicated workforce to continue driving growth and creating
shareholder value. Once again, I extend my thanks to our directors for
their ongoing commitment. On behalf of the Board, I would also like to
thank you, our shareholders, for your support. We remain committed to
working on your behalf.
Mr. Jayant B Soni
Joy Realty Limited