Respected Shareholders,
It gives me immense pleasure to congratulate you on the 44th Year of
incorporation of Bheema Cements Limited ("BCL"). We welcome this year with
humble hearts and open minds.
I believe that the AGM provides a worthwhile and meaningful opportunity for
shareholders to exercise their rights through raising questions, interaction with the
directors of the Company (the "Directors") and by voting on the business of the
meeting.
While we congratulate the team on their success in making BCL, a reputed cement company
with a decade record for delivering quality and strength. We also see that the world is
living in turbulent times and as a Corporate we believe in Health of our employees as the
utmost priority. The human costs of the Covid-19 pandemic and the Russia-Ukraine war
coupled with the ramifications on the global economy are immense. We are cognizant of the
responsibility on our shoulders to help our clients make better investment decisions
during such turbulent times to preserve and grow their wealth.
The Company faced widespread change and has sailed through tough times and is ready to
sail in the ocean once again. Your Company has shown remarkable resilience and
adaptability after facing catastrophic events post the completion of Corporate Insolvency
Resolution Process. We are dedicated to restore the operations of the Company and generate
sustainable profits. It gives me immense pleasure to share that the overhauling of the
Plant is almost at completion stage and the trial runs are giving commendable results.
Currently we are focused to re-engineer the Quality & Control (Q & C) department
to keep a check on the quality of production and to monitor the allied jobs.
BCL has seen the cement industry evolve and bring in significant regulations and
controls in the cement field. The infrastructure sector is the key driver of India economy
hence the government also places a strong emphasis on this sector which has created an
ocean of opportunities for cement manufacturing Companies across the Country. Your Board
along with the whole management team of Bheema Cements Limited is committed to and certain
to hit the production in this financial year.
Our Key focus is to build a profitable business and offer better returns to the
stakeholders and create value for our customers, employees and other stakeholders. I would
like to take this opportunity to place on record my sincere appreciation to the Board of
Directors for their ongoing support & guidance to pave the way towards achievement of
our organizational goals. Further, on behalf of the Board of Directors I would like to
acknowledge every single person associated with the Company for their active contribution.
I would also like to thank all our shareholders and other stakeholder for their
continued co-operation, support, commitment and trust towards the Company and the new
management. We look forward to the coming opportunities and another year of support in
pursuit of excellence.