Greetings from SHUBHLAXMI!
I am delighted to once again be a bearer of good news and report another year of good
performance at your company
We are incorporated in India, and all of our assets and employees are located in India.
As a result, we are highly dependent on prevailing economic conditions in India and our
results of operations are significantly affected by factors influencing the Indian
economy. Factors that may adversely affect the Indian economy, and hence our results of
operations, may include:
• Any increase in Indian interest rates or inflation;
• Any scarcity of credit or other financing in India, resulting in an adverse
impact on economic conditions in India;
• Prevailing income conditions among Indian consumers and Indian corporations
Our people strategy has always been to recruit and retain people with leadership
qualities. We invest in our people and believe they are one of the major reasons for our
success. We believe that growth of our people precedes the growth of the company. We
promote leadership within our ranks by offering people greater responsibility with the
freedom to perform to their best.
During the year, your company has significantly poured efforts and as a result of which
the operations of the income are increasing day by day. The company is making constant
efforts to penetrate more in the market.
I would like to thank all my colleagues for their dedication, innovation and hard work.
By setting new standards in businesses, we operate in, our team is delivering on our
mission to generate sustainable value for our stakeholders. These efforts also help us to
deliver inclusive growth converging in to value creation and make life better for
everyone.
I take this opportunity to express my sincere thanks to all the shareholders for their
continued trust in the Board of Directors and the Management of the Company. On behalf of
the Company, I would also like to thank all our stakeholders, customers, dealers,
suppliers, other business associates, the Government and regulatory agencies and employees
for their invaluable support and co-operation in the year gone by and expect similar
support in the years to come.
| Thank You |
| Sd/- |
| Narendrasinh Jesingbhai Chauhan |
| (DIN: 08123747) |
| Chairman & Managing Director |