Dear Stakeholders,
On behalf of the Board of Directors, I am honored to present the 12th Aiinual Report of
Kalyani Cast-Tech Limited for the financial year ending March 31, 2024 ("F.Y.
2023-24").
As we conclude anotlier financial year, it is my pleasure to address you and reflect on
the progress and achievements of Kalyani Cast-Tech Limited. Our journey this year has been
marked by resilience, innovation, and growth, and I am proud to share the highlights of
our performance.
Our revenue from operations has increasedby 50.2%, rising from 76.336.46 lakli to 79.51
1.35 lakli. Similarly, our profit after tax has grown by 19.3%, up from 7805.08 lakli to
7960.21 lakli. These significant improvements reflect our successful strategies in
expanding our market presence and enhancing operational efficiency. We remain connnitted
to driving sustamable growth and delivering long-term valu? to our shareholders.
A major milestone for us this year was the successful completion of our Initial Public
Offering (IPO). We issued 216600 new Equity Shares to the public, which has provided us
with valuable capital. Our shares were officially listed on the Bombay Stock Exchange
Limited (BSE) on November 17, 2023, on the BSE-SME Platfonn.
These accomplishments enhance our ability to drive future growth and reflect our
conunitment to delivering valu? to our shareholders.
This year, our commitment to manufacturing excellence has continued to drive our
success. We have continued in excel in producing a diverse range of high-quality castings
and specialized cargo containers. Our products, which inelude ISO containers of various
sizes, dwarf containers, cuboid containers, and custom Solutions for parcel cargo andtwo
& three- wheelers, have been well-received in the market. We remain dedicated to
meeting international standards and exceedmg customer expectations with our precisi?n
engineering and robust manufacturing processes.
We've made great progress in growing our market and improving our operations. By
investing in new technology and improving our processes, we've been able to produce better
products more efficiently. Our efforts this year have set us up for steady growth and
increased competitiveness in the global market.
At Kalyani Cast-Tech Limited, we are dedicated to being environmentally friendly and
responsible. We've taken steps to reduce our impact on the environment and ensure ethical
practices in everythmg we do. Our conunitment to sustamable manufacturing helps us stay
true to our val?es and support our long-term goal of making a positive difference in our
community and the environment.
As we look to the future, we are optimistic about the opportunities that he ahead. We
will continu? to focus on innovation, quality, and customer satisfaction while exploring
new markets and technologies. Our dedicated team remains our greatest asset, and their
expertise and commitment will be instrumental in achieving our goals.
I extend my heartfelt gratitude to you, our valued shareholders, for your continued
support and trust in Kalyani Cast Tech Limited. Together, we will navigate the evolving
landscape and build on our strong foundation to drive future success.
| With warm Regards |
| Naresh Kumar |
| Chairman & Managing Director |
| Kalyani Cast-Tech Limited |