Dear Shareholders,
At the outset sincere thanks and a warm welcome to the new family members, for
exhibiting such a rock-hard confidence in GSM Family. It is a legacy that will carry
forward in the years to come, started with a lap of IPO in SME Board. As the chairman I
firmly believe that I carry a huge bunch of responsibilities rather than rights, but
moreover I carry the most precious thing in the universe and that is the trust of GSM
family. I am happy to witness the completion of a progressive year with strong
performance. This financial year witnessed an outstanding revenue from operation of Rs.
4083.39 lakhs of GSM FOILS LIMITED.
Our growth is more seen then said and our recent past performance says all about the
hard-work that is done by the GSM family.
As an organization we believe that goodwill and growth are two side of one coin and are
incomplete if another is missing. When I say family, I mean it as we are not just into
number game, but we do acknowledge our responsibility towards society and we do adhere
towards it at different levels which is beyond Statutory CSR, at a humanitarian level.
It brings me immense pleasure to put forth the 01st Annual Report of your
Company, GSM FOILS LIMITED, for the financial year 2023-24.
Your Company's philosophy is to achieve long- term value to serve the best interest of
all stakeholder-shareholders, customers, employees, Government and the society.
I would like to acknowledge the hard work, dedication of our talented employees for
their passion and dedication with which they continue to contribute to the culture of
excellence. We thank you all for your continued support in our growth. Further also thank
you, our investors, for your patience, for showing confidence and trust in management
capabilities and guidance thus far and looking forward to the future with optimism and
innovation.
"Quality is never an accident; it is always the result of high intention, sincere
effort, intelligent direction and skillful execution; it represents the wise choice of
many alternatives."
Warm Regards, |
Sagar Bhanushali |
Chairman and Whole Time Director |