Managing Director of the company
Dear Stakeholders,
I greet you with my heart and on behalf of Sangal Papers Limited.
Once again, it is my pleasure to present before you the Annual Report of your Company
for the F.Y. - 2023-24, focusing on the performance and highlights of the year.
Our Company has continuously made our policies and strategies to changing situations
environment with respect to both Indian and Foreign Market. Our Company has a competitive
advantage in terms of our product structure which included Newsprint Paper, Writing &
Printing Paper and Speciality /Color Paper.
Our Company specializes in manufacturing wide range of color papers which find use in
various applications. Today the company has become a name synonymous with Color Paper.
In addition, our Company is also paying due important role in monitoring effects to
environment and quality of life of people in nearby community. This will support our
sustainable growth and create long term value to shareholders.
Further our Company keeps on exploring new Indian and International markets where we
could have better competitive advantage.
During the financial year 2023-2024 we have achieved Turnover of Rs. 190.34 crores and
PBT was Rs. 3.47 crores. The Company performance is considered as satisfactory and we hope
to achieve better in the near future.
With the increase in growth rate of organized sector and the boost given by Government
to MSME Sector, with focus on education, health, food segments, demand for the paper and
paper products will also increase. Let us hope that we shall be able to give support from
our side in the nation building process.
Sincerely,
Himanshu Sangal
Managing Director.