Dear shareholders,
During COVID period your company had faced a lot of problems so much so
that the total turnover came down by 33 percent as on March 2022. The company had to
resort to correcting measures and improved its sale by around 20 percent as on March 2024.
A steadfast dedication and improvement in the product portfolio and registrations in
overseas market. We are ofconfident 40 percent per annum leading to improvement in
margins. This is because of the shift in the product line and the appropriate initiatives
we have undertaken to minimize the risk and establishment of resilience financesforthe
future.
Future Roadmap
Looking forward our primary focus is to enhance our penetration in the
export market and promote our high value products as part of our long-term vision. We are
going to establish our network in Eastern as well as Western Africa and our project has
already started taking shape in collaboration with one Rwanda based company strategically
located to cover certain neighboring countries of the region. There we will register our
products and will also import from 3rd countries like registered products of European,
Chinese and Indian companies till the time we get our products registered and market them
through the network of our partner company in Rwanda, to meet out the expenses and making
some profit also.
We are upgrading one of our plants as per latest international regular
norms and this upgradation will be completed by December-24. This will give a good the
company in the times to come. In fact, one of leading a company in Europe has already
shown interest to work with us for this facility for their 3rd world operations and they
are likely to inspect our facility by January 2025.
Path Forward
Our future aspirations are ambitious yet rooted in reality. We aim to
achieve a minimum of 20 per cent growth in top line, a cornerstone of our strategy, as we
venture into new regions and territories.
Our achievements so far serve as stepping stones. We have successfully
launched new products ultimately securing the long-term success westrivefor.Reaffirmingour
commitment to customers, team members, partners and stakeholders alike, we are resolute in
our dedication to raising the standards of excellence and enclosing we look forward to the
path ahead as we continue to shape a sustainable future for our company, our stakeholders
and the communities we serve.
Financial Performance
Our financial performance in the current financial year particularly on
profitability has been very satisfactory. The core of our strategy revolved around not
only maintaining our customer base, but also enhancing our top growth trajectory.
IN SOuTh ASIAN
COuNTRIES, wEhAvE ALREADy GOT REGISTERED IN MyANMAR AND
PhILIPPINES AND hOPE TO
GENERATE buSINESS
IN ThE fINANCIAL yEAR 2024-2025 ITSELf
Social Responsibility
We remain resolute in our commitment" to provide an environment
where every member of our team feels value, empowered and inspired to grow personally and
professionally. Additionally, our sense of responsibility extends to the communities we
operate in.
| BAL KISHAN GUPTA |
| Managing Director Cum |
| Chairman |