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Sandhar Technologies

BSE: 541163|NSE: SANDHAR|ISIN: INE278H01035|SECTOR: Auto Ancillaries
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Chairman's Speech (Sandhar Technologies) Year : Mar '18

MESSAGE TO SHAREHOLDERS

DEAR SHAREHOLDERS,

IT GIVES ME IMMENSE PLEASURE TO REACH YOU THROUGH THIS ANNUAL REPORT

QUALITY HAS BEEN OUR TOP PRIORITY,

AND WE HAVE INVESTED IN OUR PEOPLE IN RESEARCH & DEVELOPMENT FOR TECHNOLOGY LEADERSHIP AND, STEP-BY-STEP, WE HAVE OPTIMIZED OUR OPERATIONS.

It is indeed a historic moment in the history of Sandhar, as we present you this first Annual Report post the Company''s maiden listing on Bombay Stock Exchange & National Stock Exchange. This heralds the Company''s presence on the bourses amidst a wider reach of stakeholders. We are proud indeed of what we have achieved so far and are now geared to move to the next echelon of growth.

From our humble beginnings, which commenced over three decades ago, we have been witnessing a journey of growth and success. Our team has worked hard to build our position as one of the foremost automotive component player in the field of automotive safety & security components. Quality has been our top priority, and we have invested in our people in Research & Development for technology leadership and, step-by-step, we have optimized our operations.

The global auto component industry is more challenged than many people realize. On the surface, performance is strong. Though the Revenue numbers and the Profit margins are relatively high as compared to many other industries, however, the expectation of the stakeholders have moved towards Total Shareholder Return and Return on Capital Invested. We are cognizant of these aspects. In our endeavour to create value for stakeholders, we declared a total dividend (interim and final) of 20% during the fiscal 2018.

The automotive industry is becoming increasingly collaborative in nature. No individual company can develop everything needed for the next generation of more automated and intelligent vehicles by themselves. Partnering is becoming increasingly important for Sandhar, and in the year under review, we successfully joined hands with industry leaders in the field of automotive electronics and components which cater to the emission norms requirement. The details of such technical collaborations and joint ventures are briefly inscribed in the Annual Report.

We are very hopeful, that as we progress in the near future, the results of these collaborations would have a positive bearing on the Company''s future and would enhance the stakeholder''s value immensely.

D. N. Davar

Chairman

Source : Dion Global Solutions Limited
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