Dear Members,
I would like to extend my warm welcome to you all, to the 33rd Annual General Meeting
of the Company. It gives me immense pleasure to inform you that there has been tremendous
growth in the Company for the Financial Year 2023-24 and I thank you all for your
continued trust, encouragement and support to the Company and its management.
On the operational front, the Company has recorded net revenue of Rs. 12680.55 Lakhs as
compared to Rs. 9657.20 Lakh of Previous Year. The Company has earned a profit of Rs.
2353.51 Lakhs before exceptional item for the year against the Profit of Rs. 308.60 Lakhs
in the previous year. The net profit after tax inclusive of exceptional items has
increased to Rs. 5788.73 Lakhs as against Rs. 414.61 Lakhs for the Previous Year. The
Earning per Share (EPS) of the Company has increased to Rs. 3.31 from Re. 0.24.
Despite of the adverse situations, the Company continues to work and to strive towards
making permanent structural changes that will allow the company not just to survive, but
to grow in the future.
I would like to express my sincere appreciation to our Shareholders for the support and
confidence reposed in us, and all other stakeholders and Government agencies, our bankers
for the continued support extended to your Company.
We look forward for your similar support to the Company in future also.
Thank you all.
| Regards, |
| Prakash C. Kanugo |
| Chairman |