AJR Infra & Tolling Ltd

Esteemed Shareholders,

I trust this message finds you in good health and high spirits. It is with a sense of responsibility and optimism that I address you as the Whole-Time Director of AJR Infra And Tolling Limited, reflecting on the past year and our journey through an intense phase of restructuring and reorganization.

Navigating Challenges and industry Pressures

This has been a period of significant challenges for our company, as we navigated a complex landscape marked by both internal and external pressures. Our commitment to transforming AJR Infra And Tolling Limited into a resilient and future-ready organization has been unwavering, even as we faced a confluence of industry-specific and broader economic hurdles. A key part of our strategy has been to systematically address legal challenges, resolving them one by one to ensure a healthier and sharper organization moving forward. By confronting these longstanding issues head-on, we are not only fortifying our foundation but also positioning ourselves to capitalize on future opportunities with greater agility and strength.

Strategic Restructuring and Realignment

One of our primary objectives this year has been to streamline our operations, focusing on strategic divestments and the realignment of our core business areas. This included the difficult but necessary decision to exit non-core businesses, which, while challenging in the short term, will fortify our long-term strategic positioning. We have redirected our efforts towards high-potential sectors, reallocating resources to areas that promise substantial growth and increased profitability. In tandem with this, we are exploring strategic partnerships and leveraging innovative solutions to enhance our operational efficiency and competitive advantage. This realignment not only strengthens our market position but also ensures that we are well-prepared to seize emerging opportunities, driving sustainable growth and value creation for our stakeholders.

Financial Stabilization and Growth

We have made significant strides in stabilizing our financial foundation. Throughout FY24, our primary focus has been on strategically divesting from certain subsidiaries to unlock their financial potential.

This prudent strategy has enabled us to secure funds for daily operations and address urgent repayments. Additionally, these divestments have allowed us to concentrate on financial stabilization and the streamlining of our balance sheet, positioning us for future growth and long-term stability.

Operational Enhancements and Corporate Governance

Operationally, we have focused on enhancing our internal processes, with a particular emphasis on corporate governance and risk management. These measures are designed to ensure that we are not only compliant with the highest standards but also agile enough to respond to the dynamic challenges of the market.

Commitment to Value Creation

Despite the global geopolitical uncertainties and the accompanying inflationary pressures, we have maintained our commitment to creating value for our stakeholders. Our approach has been to build a robust business model capable of withstanding economic fluctuations, while also laying the groundwork for sustainable long-term growth. India's immense potential as a rapidly growing economy offers us a unique opportunity to capitalize on emerging trends and drive innovation. By harnessing this potential, we are confident in our ability to lead in value creation across our industry.

Gratitude and Future Outlook

As we continue on this path, I would like to express my heartfelt gratitude to our employees, whose dedication and hard work have been instrumental in driving our progress. I also extend my thanks to our shareholders for your continued support, and to our partners, suppliers, and the various government bodies for their unwavering assistance during this challenging period.

Conclusion

We are confident that the steps we are taking today will lead to a stronger, more resilient AJR Infra And Tolling Limited. Together, we will continue to build on our legacy, navigating the challenges ahead with courage and determination.

Thank you for your trust and belief in our vision.

Yours sincerely,

AJR Infra and Tolling Limited