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ANNUAL REPORT 2019-20 5 We Are an Company.We Are an Explosives Company

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ANNUAL REPORT 2019-20 5 We Are an Company.We Are an Explosives Company DHARTI PAATAL AAKASH Explosion of Opportunities We are connected, within our universe Rooted Firmly, Going Deeper, Flying Higher. No matter where we are, what we do or what our preferences are, every bit of our existence is systematically conjoined through the innate elements of Dharti, Paatal & Aakash. From ensuring Excellence on Land, high potency underground and aspirations of reaching the sky, we enjoy an eternal journey. At Solar Industries, we aim to be a global leader and seek to expand our capabilities as we strive to make our presence felt with an even portfolio encompassing the realms of Dharti, Paatal & Aakash. About this Report Integrated Thinking Financial Human In our pursuit of excellence, we Capital Capital utilize our resources responsibly to strengthen value creation for our diverse stakeholders. With the perfect culmination of efficient financial strategies, exceptional manufacturing Manufactured Social & capabilities, a talented workforce and Capital Relationship innovative solutions for our customers, Capital we continue to encourage sustainable business development. Intellectual Natural See page 24 & 45 for Capital Capital more information Annual Report Reporting scope Reporting Our Formats and period framework listing This annual report is The Annual Report covers The financial and statutory data Our shares are listed and available in the following information on business presented is in accordance actively traded on the BSE digital formats: operations of Solar Industries with the requirements of Limited and National Stock India Limited and (subsidiaries), the Companies Act, 2013 Exchange of India Limited. aptly disclosed through six (including the rules made capitals. All the six capitals thereunder), Indian Accounting BSE script code: cover information on India Standards, the Securities 532725 and overseas operations. and Exchange Board of Website The Annual Report considers India (Listing Obligations and the primary reporting period Disclosure Requirements) NSE script code: as April 01, 2019 to March Regulations, 2015 and the “SOLARINDS” 31, 2020. However, some other applicable laws. of the sections of the report represent facts and figures Smartphones of previous years to provide a comprehensive view to the stakeholders. Read through the pages Corporate Overview 4-40 4 About Solar 6 Dharti 8 Chairman’s Message 12 Paatal 14 The Vision to Value Creation Journey 16 Our Business Model 18 Financial Capital As Solar reaches the 22 Manufactured Capital momentous 25 year milestone, 26 Aakash the cover creatively depicts the 28 Intellectual Capital Company’s presence across 30 Human Capital the domains of Dharti, Paatal 32 Social & Relationship Capital and Aakash, celebrating its 34 Natural Capital continued business success. 36 Risk Management 38 Board of Directors 40 Corporate Information Statutory Reports 41-115 Look out for this icon 41 Management Discussion and Analysis To know more about us in through out the report 51 Board’s Report digital mode, scan this QR 80 Report on Corporate Governance code in your QR mobile Refered pages to read 108 Business Responsibility Report application. more within the report Financial Statements Forward-looking statements 116-249 Some information in this report may contain forward-looking statements which include statements regarding Company’s expected financial 116 Standalone Financial Statements position and results of operations, business plans and prospects etc. 179 Consolidated Financial Statements and are generally identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words. Forward-looking statements are dependent on assumptions or basis underlying such statements. We have chosen 25th Annual these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution that actual General Meeting results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. We undertake 250-263 no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. 250 Notice Explosion of Opportunities CORPORATE OVERVIEW About Solar As one of the leading explosive companies globally, the progress made over the past two and half decades has put Solar Industries in a more sustainable position within the challenging economic and business environment. Our progress has been radical as we continue to explore growth and expansion opportunities. Our Vision Our Mission To emerge as a global leader in To provide innovative To contain product To ensure high technology and and service costs quality delivery of the manufacturing services through through constant services offering of industrial and Research and re-engineering and exemplary technical, Development improvement in all safety, administrative military explosives business processes and professional and an innovative excellence with commitment to solution provider environmental with a focus on safeguards safety, quality and reliability To forge and nurture To retain our alliances that are responsive, efficient complimentary to the and effective Company’s global processes and ambitions services to realise our vision at all times 4 SOLAR INDUSTRIES INDIA LIMITED ABOUT SOLAR Our market presence 51+ Countries 25TH ANNUAL REPORT 2019-20 5 We are an We are an Explosives Company. We are an We are an Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an Company. We are an We are an We are an Explosives Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an We are an Explosives Company. We are an Company. We are an We are an Explosives Company. Explosion of Opportunities We are an We are an Explosives Company. CORPORATE OVERVIEW Company. Company. Company. We are an We are an Explosives Company. Company. Company. Company. Company. We are an Explosives Company. We are an Explosives Company. We are an We are an Company. We are an Explosives Company. We are an Explosives Company. Company. We are an Explosives Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an Explosives Company. Company. We are an Explosives Company. Company. Company. We are an Explosives Company. We are an Company. Company. We are an Explosives Company. We are an Explosives Company. We are an We are an Explosives Company. Company. We are an Explosives Company. 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We are an Explosives Company. We are an We are an Company. We are an We are an We are an Explosives Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an We are an Explosives Company. We are an Company. We are an We are an Explosives Company. We are an We are an Explosives Company. Company. Company. Company. We are an We are an Explosives Company. Company. Company. Company. Company. We are an Explosives Company. We are an Explosives Company. We are an We are an Company. We are an Explosives Company. We are an Explosives Company. Company. We are an Explosives Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an Explosives Company. Company. We are an Explosives Company. Company. Company. We are an Explosives Company. We are an Company. Company. We are an Explosives Company. We are an Explosives Company. We are an We are an Explosives Company. Company. We are an Explosives Company. We are an Explosives Company. We are an Company. We are an Explosives Company. We are an Company. DHARTI We are an Explosives Company. Company. We are an Explosives Company. We are an Explosives Company. We are an We are an We are an Explosives Company. We are an We are an Explosives Company. Company. Rooted Firmly We are an Explosives Company. We are an Explosives Company. We are an Company. We are an We are an Explosives Company. Company. We are an Company. Company. Company. Company. Company. We are an Explosives Company. Company. Company. Company. We are an Company. Company. Company. Company. We are an Explosives Company. We are an We are an Explosives Company. We are an We are an Company. We are an We are an Explosives Company. We are an We are an We are an Explosives Company. We are an Company. We are an We are an Company. We are an Explosives Company. Company. We are an We are an We are an Explosives Company. We are an We are an Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an Company. We are an We are an We are an Explosives Company. We are an We are an Explosives Company. We are an Explosives Company. We are an We are an We are an Explosives Company.
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