Advancing our growth, we have taken a strategic step into a new segment
through a Letter of Intent signed with Hitachi Energy. This move sets the stage for us to
manufacture an eco-efficient gas supporting their SF6-free high-voltage
switchgear portfolio, underscoring our dedication to sustainable progress.
Dear Shareholders,
I am truly optimistic as I share the progress and purpose that continue
to define Laxmi's journey. The year 2024-25 has been marked by transformation, steady
advancement, and the ability to adapt to challenges. At the core of everything we do is a
commitment to chemistry, powered by innovation and driven by a deep responsibility towards
sustainability.
Geared to Win, Geared for Growth
In today's fast-changing and unpredictable world, planning for the
future is no longer enough. What counts is how we act in the present, with patience to
pace ourselves and the speed to respond quickly when needed. Our confidence in being
'Geared to Win' comes from knowing what real preparedness means. It is not just about
having a plan; it is about turning our strengths into daily action.
We succeed by creating value even when the industry faces challenges,
by embracing complexity while staying focussed, and by holding ourselves to standards
beyond what the market expects. Our leadership in cost, technology, global reach, and
scalability is not something we aim for in the future; it is how we win today. Every step
forward in R&D, every customer relationship we build, and every safe and sustainable
operation we run strengthens our momentum, guided by our values and commitment to
execution.