As India comes out of Covid 19 pandemic which caused unprecedented disruption to the economic activities and human lives across the world for almost over two years, the massive and intense Vaccination drive led by Government of India and the Stimulus packages is gradually assisting the Economy and its constituents like our company on path of growth. Indian Economy is poised to be the fastest growing economy for FY 2022-23 as per reports of IMF and various agencies although the world economy faces the headwinds of geopolitical factors triggering cycle of high inflation and high regime of interest rates , currency depreciation etc..





Your company which saw a major dip in its performance in FY 20-21 , the peak of Covid 19 pandemic where majority of the educational institutions and commercial establishments faced multiple lockdowns, the Management’s agility and resilience with its focus on innovative designs with end consumer in mind in launching new products in writing instruments and creative art categories backed by interactive process adopted with its strong distribution network across India and its target Export Countries , the Company during the year under review, achieved a standalone revenue from operations of Rs. 55378.27 Lakhs as against Rs. 28,917.84 Lakhs in the previous year reflecting a growth of 91.51% . The Company has generated Net Profit after tax (standalone) of Rs. 5,387.53 Lakhs as against Rs. 49.71 Lakhs in the previous year reflecting growth of 10737.91% . The Consolidated revenue from operations was Rs. 57,747.81 Lakhs as against Rs. 29,798.94 Lakhs in the previous year. The Company has generated Net Profit after Tax (Consolidated) of Rs. 5623.07 Lakhs as against Rs. 96.96 Lakhs in the previous year.

Steps taken or impact on conservation of energy: The Company applies strict control to monitor day to day energy consumption. The Company ensures optimal utilization of energy to minimize the wastage as far as possible. The energy parameters such as maximum demand, power factor, load factor, Time of Day tariff utilization are monitored on regular basis. The inefficient equipment is replaced with latest energy efficient technology and the equipment is upgraded on regular intervals. The following are the awareness regarding saving the energy;





Replaced several old electronics with energy efficient 5star rated products.



Installed LED Lights and Fixtures in new manufacturing unit as well as in few areas of old manufacturing units.



Installed upgraded Servo based power saving molding machines in our manufacturing unit.



Retro fit process is conducted on regular basis which helps to increase the productivity.



All equipments are regularly maintained for better efficiency.



Operational Method is improved continuously for optimizing the use of energy.

Foreign exchange earnings and Outgo:

(Rs. in Lakhs)

The Company keeps on reviewing new technology for its line of business. It absorbs and adapts the technologies on a continuous basis in the area of product innovation and renovation, improvement in yield, product quality, input substitution, cost effectiveness and energy conservation to meet its specific needs from time to time.

In terms of Section 134(5) of the Companies Act, 2013, and in relation to the audited financial statements of the Company for the year ended 31st March, 2022, the Board of Directors hereby confirms that:





in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;



such accounting policies have been selected and applied consistently and the Directors have made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2022 and of the profit of the Company for that year;



proper and sufficient care was taken for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;



the annual accounts of the Company have been prepared on a going concern basis;



proper systems have been devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.