Dollar Industries Limited ranks among the top hosiery and garment manufacturing giants in India, covering entire range of knitted garments, from innerwear to outer wear. A leading organisation in the hosiery & knitwear segment, it recently conducted its 28th Annual General Meeting on 28th July, 2021 through Video Conferencing due to the ongoing Covid-19 pandemic.
During the AGM, the shareholders approved all the resolutions including the adoption of Audited Financial Statements of the company for the FY 2020-21 and approval of final dividend of Rs. 2.40 per share. The cut-off date for final dividend payout was 21st July, 2021.
While addressing the shareholders, Mr. Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “The ongoing pandemic has disrupted the economy and we have managed to strike the right balance between our employees’ safety and efficiency. Despite the limitations, we have overcome hurdles and have managed to maintain the demand-supply ratio. The year has been all about restarting. With a revamped brand identity, we strengthened our digital and e-commerce presence which has assisted us reaching out to a larger consumer base.”
Sharing his thoughts on the way forward, Mr. Gupta added, “As the global economy is battling the adverse effects of the pandemic, companies and businesses all around are making brave business decisions every day. Now is the time that the businesses need to think out of the box as well as be adaptive. It is the need of the hour for companies to re-examine the traditional and conventional procedures and implement new processes and programs to sustain and scale their business”.
During the year, Dollar Industries Limited has focused on a 360-degree communication strategy and also created a lot of buzz with the launch of its new Bigboss, Missy and Ultra TVCs. As a responsible corporate, Dollar Industries Limited has always focused on renewable and environment friendly practices. Focusing on its ‘Green Mission’, the company installed a 4MW solar power plant at its Tirupur unit, with a power generation capacity of 75lakh units per year.
Additionally, under its CSR wing ‘Dollar Foundation’ the company has successfully initiated various CSR activities that focus on providing for the society. The company partnered with DMRA and installed 22 water kiosks to provide clean and safe drinking water to thousands of commuters on a daily basis. As a part of its ongoing #BeFreeBeYou initiative, the company distributed 2000 packets of sanitary pads to women dwelling in slum areas and educated them about menstrual hygiene and bursting myths around it.
Going forward, Dollar Industries Limited is looking out to expand its product portfolio to enhance consumer experience.