Esteemed Shareholders, Ladies and Gentlemen,
It is with an immense sense of pride and gratitude to share the remarkable journey of
Shri Balaji Valve Components Ltd. over the past year. Your unwavering support and belief
in our vision have been the bedrock of our success, and I am honored to report on the
remarkable milestones we have achieved together.
Financial Performance and Growth
The past year has been a testament to our unwavering commitment to excellence,
innovation, and customer satisfaction. I am pleased to announce that we have achieved a
remarkable surge in revenue from around 62.5 Cr to 82 Cr, a testament to the growing
demand for our products and the trust our clients place in our ability to deliver
high-quality components. Despite inflationary pressures and supply chain disruptions, we
have diligently managed our operations to maintain healthy profit margins, reflecting the
resilience and efficiency of our business model.
Milestone of the IPO
The successful listing of Shri Balaji Valve Components Ltd. on the BSE SME platform
marks a pivotal moment in our history. This achievement not only signifies the confidence
of the investment community in our potential but also provides us with the necessary
capital to fuel our ambitious growth plans. We are committed to leveraging this
opportunity to expand our capabilities, enhance our technological prowess, and create
sustainable value for all stakeholders.
Expansion and Technological Advancements
The past year has been marked by significant strides in expanding our capabilities and
embracing cutting-edge technology. The commissioning of our new forging setup has further
augmented our production capacity, empowering us to meet the escalating demands of our
clientele with even greater efficiency. Additionally, our investment in a state-
of-the-art 5 Axis Machine positions is at the forefront of precision machining.
The machine is currently in production and will be delivered to us within next few
months. This sophisticated equipment empowers us to manufacture even more complex and
intricate components with unprecedented accuracy and efficiency, opening doors to new
markets and opportunities. It will also help us develop new products from current
verticals too. Along with this few CNC & VMC machines have also been newly installed.
Enhancing Visibility and Credibility
We recognize the importance of establishing a strong presence in the global
marketplace. Our active participation in exhibitions related to valves in Mumbai and
Germany will allow us to showcase our products and capabilities to a wider audience,
fostering valuable connections and partnerships. These initiatives will not only enhance
our visibility and credibility but also reinforce our commitment to staying abreast of the
latest industry trends and innovations.
Expanding Horizons: New Markets and Product Development
We recognize the importance of diversification and innovation to drive sustainable
growth. In the past year, we have made dedicated efforts towards New Product Development,
aiming to achieve exponential growth in the coming years. Our foray into the
Pharmaceutical & Defence sectors has been met with success, with the successful
delivery of pilot project orders. These achievements underscore our ability to adapt to
evolving market demands and expand our footprint into new and promising domains.
Macroeconomic Outlook and Industry Trends
While we celebrate our achievements, we remain mindful of the dynamic and ever-evolving
global landscape. Macroeconomic indicators suggest a complex and challenging environment
ahead. Rising inflation, geopolitical tensions, and supply chain disruptions continue to
pose risks to businesses worldwide. However, we are confident in our ability to navigate
these challenges and seize the opportunities that emerge.
The valve and precision machining industry is poised for significant growth in the
coming years, driven by robust demand from sectors such as oil and gas, power generation,
and infrastructure development. We are well-positioned to capitalize on these trends,
leveraging our technological capabilities, skilled workforce, and customer-centric
approach to deliver innovative solutions that meet the evolving needs of our clients.
Looking Ahead
As we embark on the next phase of our journey, we remain committed to our core values
of integrity, quality, and innovation. We will continue to invest in our people,
processes, and technology to ensure that Shri Balaji Valve Components Ltd. remains at the
forefront of the industry.
We are confident that the coming years will be marked by continued growth,
profitability, and success. We will strive to create sustainable value for all
stakeholders and contribute to the development of the communities in which we operate.
In closing, I would like to express my deepest gratitude to our dedicated team of
professionals, whose hard work and commitment have been instrumental in our success. I
would also like to thank you, our valued shareholders, for your continued support and
trust in our journey. We are confident that Shri Balaji Valve Components Ltd. is poised to
reach even greater heights in the years to come.
7) The Results shall be declared not later than 2 (Two) working days of the conclusion
of the AGM. The Results declared along with the Scrutinizer's Report will be placed on the
website of the Company at www.balajivalvecomponents.com immediately after the Result is
declared by the Chairman and will simultaneously be submitted to BSE Limited, the Stock
Exchanges where the Equity Shares of the Company are listed.
8) Subject to receipt of a requisite number of votes, the Resolutions shall be deemed
to be passed on the date of the AGM, i.e., Saturday, 14th September 2024.