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Disclosures under Regulation 62 of the LODR
Chairman Message
Dear Fellow Shareholders,

It gives me pleasure to share with you an update of the overall performance of your company. Inspite of challenging year for Indian Exporting Industries, your company performed well and delivered another year of consistant, competitive and profitable performance. The Company received best exporter award for overall export performance during 2018-19 from Council for Leather Exporters, Central Region, Chennai. In addition to Export Award in overall category, the company also received the Best Exporter Award in Leather Footwear, Harness and Saddlery (Non Leather) and 2nd prize for Leather Goods and Finished Leather.

Your company achieved turnover of Rs.4982.52 millions and export turnover of Rs. 3901.68 million during the year. The export turnover contributing 78.30% of the total turnover. The impressive share of exports is an indicator of the very good demand for the products of the company across the world.

In spite of overall challenging condition of International Market, The company earned profit before tax of Rs 24.35 Crores during the year review as compared to Rs. 29.11 crore earned during the previous year.

Your company has strong financial to support its ambitious growth plans. Our results reflected sound execution of our business plans, centered on global expansion and disciplined cost and asset management.

The current pandemic is a big force for all round change. Change is the only rule in current times to constantly assess and realign the way we work, we socialize and the way we live. This is the only way to stay relevant with what the future might hold for us. For all of us, there has never been a bigger need to focus on and priorities personal safety and hygiene.

As a responsible Corporate Citizen your company serves the society in the domains of Education and Healthcare and environmental. The company contributed Rs. 46.85 lacs towards Corporate Social Responsibility(CSR) activities.

I would like to thank all our customers, suppliers and colleague in India and abroad for their wholehearted support and valued contribution during 2019-20. Further, we have much to look forward to as we strive to make our company even stronger and continue to focus on delivering to our customers.

I am grateful to our independent directors who have given their contribution and shares their valuable experience and knowledge of the management to take the company forward. I also take this opportunity to express my gratitude to all our stakeholders, who have reposed a trust in us and extended their constant support.

With best wishes

Mukhtarul Amin
Chairman and Managing Director

Mr. Mukhtarul Amin
Chairman & Managing Director