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Dear Partners in Prosperity,

It is with a great deal of satisfaction and pride that we look back at the year gone by, ending March 2017. We continued to do what we do best: deliver innovative and environmental-friendly solutions to our customers and to drive the performance of your Company, while ensuring a focus on sustainability. We demonstrated resilience and strength to withstand a difficult economic environment. I am happy to share that despite the challenging global environment, your company achieved Total Revenue of Rs. 56 Crores in fiscal 2016-17 with a growth of 1.6%. Net Profit for the year increased to Rs. 34 Crores, up 7.9% over the previous year.

This performance could not have been achieved without a single minded focus on Product development and marketing and perseverance in operational efficiency.

The company has taken many strategic initiatives in the last year to achieve its vision of being a Green Company. This aspiration ignites our creativity, energizes our growth, enables us to deliver to our customers and ultimately, generates value for our shareholders.

Your company continues to tread on the path of transformational journey growth. The seed for strong growth requires development of organizational capability. The Company has continued to make meaningful investments in people, processes and Research & Development, Intellectual Property and Technology. These are long term investments for the future. We will keep on looking out for profitable growth avenues, which will create long term value for the shareholders.

The Patent business continues to be the foundation of the Company. We have 32 patents granted in India and across various geographical regions in the field of health & hygiene, high strength paper, security, packaging etc. Our product development team is continuously working on the development of new products and filing new patents to secure the Company's IP. Also on the tangible assets side, we undertook a brownfield expansion in our Ankleshwar factory, the new plant was commissioned on 26th March, 2017. With this expansion, we increased our Water Soluble Film capacity to 3 times the existing capacity.

Our strategy has been simple. Innovate, Protect (Patents and IP), find the best in the field and make a strategic alliance to produce the patented product or out license our technology. The focus will always be on Environment friendly technologies and we look for like-minded partners having expertise in their field and who can add value to our targets.

I express my sincere gratitude to our shareholders, investors and banks who continue to support us. I feel proud in acknowledging the contribution of every single member of team, for having faith in the Company and delivering the best. Lastly, let me assure you that the best is yet to come for the Company which will enhance shareholders and other stakeholder's values in every possible ways. Again, I would like to acknowledge the continued support and co-operation from all of you which has helped the company to sustain its growth even during these challenging times.

Yours Sincerely,
Shilpan Patel
Chairman & Managing Director

Performance at a glance Click here to view

Investor's Information

Audit Committee
Mr. Harish Mishra (Chairman)
Mr. Haresh Mehta
Mr. Neil Patel
Mr. Dinesh Modi

Stakeholders Relationship Committee
Mr. Haresh Mehta (Chairman)
Mr. Dinesh Modi
Mr. Neil Patel
Mr. Dinkarray D Trivedi

Nomination & Remuneration Committee
Mr. Harish Mishra (Chairman)
Mr. Haresh Mehta
Mr. Dinesh Modi

Corporate Social Responsibility (CSR) Committee
Mr. Harish Mishra
Mr. Haresh Mehta
Mr. Shilpan Patel

Stock Performance - from BSE site Click here to view

Investors Contact

Details of Company Secretary & Compliance officer:

Ms. Poonam Bansal
Tel: 022-40749000
Fax: 022-40749099

For any assistance regarding share transfers, transmissions, change of address, non - receipt of dividend, dematerialization of shares or any other query relating to shares, please write to:

Arrow Green Tech Products Limited

Ms. Poonam Bansal - Company Secretary
Solitaire Corporate Park,
Bldg No 3, 7th Floor, Unit No 372
Guru Hargovindji Marg
Chakala, Andheri (East)
Mumbai 400 093
Tel: 022-40749000
Fax: 022-40749099

Link Intime India Pvt. Ltd.
Unit: Arrow Greentech Limited
C 101, 247 Park, L B S Marg,
Vikhroli West, Mumbai 400 083
Tel No: +91 22 49186000
Fax: +91 22 49186060