Dear Shareholders,
It gives me great pleasure to address you in our 17th annual report and
1st as a publicly listed company. This past year has been a transformative one
for our organization, and we stand at the cusp of a new and exciting chapter in our
journey. The decision to take our company public was made with a clear vision in mind: to
capitalize on the strong foundations we have built in the forging industry, expand our
capabilities, and continue delivering value to our customers and shareholders alike. As we
transition into this next phase, we remain committed to maintaining the high standards of
quality, innovation, and integrity that have always defined us. Our listing is not just a
milestone but a springboard for future growth. We are in a dynamic industry that is
evolving rapidly, and we are ready to meet the challenges and opportunities that lie
ahead. Our investments in technology, infrastructure, and talent will enable us to stay at
the forefront of the forging sector, ensuring that we remain competitive in a global
marketplace.
Financially, the year has been marked by resilience and strategic
growth. Despite the broader economic challenges, we have delivered robust results,
reinforcing our position as a leader in the industry. Our strong balance sheet and a clear
roadmap for future investments leave us well-positioned to pursue new opportunities for
expansion, both domestically and internationally. I would like to express my gratitude to
our employees, whose dedication and expertise are the backbone of our success. Their hard
work and commitment have enabled us to achieve this milestone, and I am confident that
together we will continue to reach new heights. To our customers and partners, thank you
for your continued trust and collaboration. Your support has been integral to our growth,
and we look forward to deepening our relationships in the years to come.
Finally, to our shareholders, thank you for your belief in our vision
and strategy. We are excited about the opportunities that lie ahead and are confident in
our ability to deliver long-term value. As we move forward, we will remain focused on
executing our growth strategy while maintaining a strong commitment to governance,
sustainability, and innovation.
In conclusion, we embark on this new chapter with great optimism,
determined to create a lasting legacy in the forging industry. We look forward to building
on our successes and achieving greater milestones in the future.
Thank you for your continued support.
Sincerely,
| Girdhari Lal Chamaria |
| Managing Director |