Annual Reports
How to Write the Chairman's and CEO's Message in an Indian Annual Report
No Indian law requires a Chairman's or CEO's letter, yet it's the page that sets the tone for the whole report. We went back to the leadership messages in the FY2025-26 reports we've scored and pulled eight real pages: the letters that make an argument, give the numbers early and name the bad news, and the ones that leave a 26% profit fall to the MD&A. Here's a structure for each message, a checklist, and what it means for CFOs, company secretaries and IR teams.