I, Pravin Patel, Managing irector of the Company, heartily welcome you all to this 12th
Annual Gener l Meeting being held at Himmatnagar. This is the second year of operations of
the Company after IPO and I am happy to inform you that your company has improved its
performance by leaps and b unds. While ensuring improvement in profitability, your Company
has also succeeded in streamlining its operations which has play major role in achieving
this improvement.
"The turnover of the Company ave increased by 20.11% over previous year. The gross
earnings (measured on the basis of EBT) increased from Rs. 490.86 Lakhs previous year to
Rs. 597.70 during the current year. On the net retained profit front, the same increase
from Rs. 325.17 Lakhs for F.Y. 2017-18 to Rs. 422.81 Lakhs for F.Y. 2018-19."
This improvement in performance was possible mainly on account of optimal use of
available resources by using best possible business model and also continued support of
the investors and farsighted leadership provided by the oard of Directors. This was
supplemented by support at all the levels of operations by all the staff members of your
Company.
I would like to thank you the entire management team, the entire work force, the
bankers and also business associates for enabling to your Company grow. I also take
opportunity to thank my fellow directors for their immense efforts in formulating and
steering your Company's strategies and policies. I am confident that your Company will
achieve greater heights in the times to come and also will deliver long term value
addition to its shareholders.