Dear Shareholders,
It gives me immense pleasure to welcome you all at the 20th (Twentieth)
Annual General Meeting of your Company. I feel delighted to share with you the performance
of your Company for the financial year 2023-24. Before I begin to share the insights of
the financial year 2023-24, first and foremost I would like to express my gratitude on
behalf of the Board of Directors to the entire R M Drip family including the customers,
vendors and other stakeholders for their co-operation and support and untiring efforts and
the trust and confidence reposed in us. I also thank my fellow Board Members for their
invaluable support in guiding the Company and enabling another year of growth.
Highlights:
It has always been a pleasure and privilege to share with you the highlights of the
year's performance and outlook for F.Y. 2023-2024: Our total revenue for the year is Rs.
50.27 Crore as compared to Rs. 10.95 Crore in the previous year. We incurred a Profit
Before Tax of Rs. 7.13 Crore as compared to Profit before tax of Rs. 0.77 Crore in the
previous financial year. We incurred a Profit After Tax of Rs. 5.41 Crore as compared to
Profit After Tax of Rs. 0.029 Crore in the previous financial year.
As you all are aware that your Company is agricultural based Company, so everything we
do is to benefit the farmers and to create a sustainable future for them. They are the
backbone of this nation, that's why they deserve support machinery that will constantly
aid and guide them towards better water management and increasing their crop yields. For
which, we constantly Endeavour to find new technological breakthroughs and work at
bridging the gap between our businesses and rural communities.
We as company always try to cater the demand and to try to meet the growing and
changing needs of agriculture and farm industry with our standard and unique products. Our
company has utmost managerial capacity and experienced staffs who always try to achieve
the goals set by the Company. We believe we have a much longer journey ahead to serve our
customers with the best-in-class products & services which are so essential to the
future of mankind and the earth itself.
I take this opportunity to once again thank the Board Members and particularly
distinguished Independent Directors for their continued leadership support to the Company
and its employees. I also thank employees of Company without whose efforts and commitment,
the Company could not have performed well in challenging conditions. I would also like to
deeply thank and acknowledge the continued co-operation, trust and support of various
Government/ Regulatory authorities, Company’s valued customers, suppliers, vendors,
investors, bankers and shareholders.
Best Regards, Sd/-
Mr. Somnath Khanderao Date Chairman (DIN: 09843323)