MD’s Message - NCL Industries Limited

Governance

Dear Shareholders

From the Managing Director’s Desk

I am delighted at the opportunity to address my first communication to you since taking charge as the Managing Director of your Company. Stepping into the shoes of a visionary like the Mr. Ramachandra Raju and a dynamic leader like Mr. Ravi is a formidable task.

K GAUTAM

Managing Director

The high standards of performance that they have set are difficult to emulate. However, I had the privilege of watching them in action from very close quarters at the workplace in case of Mr. Ravi, and from my very formative years from Mr. Ramachandra Raju. That is the sort of advantage available to very few people. Now I am presented with the opportunity and challenge of converting this learning into action. I also have the additional advantage of the counsel and guidance of Mr. Ravi on a Realtime basis. That is a huge source of reassurance. I hope that with your cooperation and support which has always been available in plenty during my career in NCL – I will justify the confidence reposed in me.

After I assumed office as the Managing Director, I had the occasion to receive on NCL’S behalf, the FTCCI Award for Excellence in employee welfare initiatives 2022 from Hon’ble Industries Minister Mr K.T. Rama Rao. I am particularly delighted about this recognition. We at NCL consider the human resources to be a valuable asset. The need to look after them is of paramount importance.

It gives me immense satisfaction that in the very first year when I was a Director and later was designated as the Managing Director, your company has posted results which are comparable or superior to its peers. The first quarter in the current year also has been encouraging. I consider this a good augury. I am aware that my predecessor enjoyed your full support and cooperation during his tenure. I look forward to the continuance of the same support from you and promise you that I shall justify the confidence reposed in me.