Dear Shareholders,
It is with immense pride and gratitude that I present to you the inaugural Annual
Report of Mayank Cattle Food Limited as a publicly listed company. This year marks a
significant milestone in our journey a journey that has been built on the foundation of
innovation, commitment, and the collective effort of our dedicated team.
The decision to go public was not merely a strategic move but a commitment to
transparency, growth, and shared success. It symbolizes our belief in the long-term vision
of the company and our dedication to creating value for our shareholders. The strong
response to our IPO underscores the trust and confidence that you, our valued investors,
have placed in us.
As we navigate this new chapter, we remain steadfast in our mission to drive
sustainable growth, foster innovation, and deliver excellence across all facets of our
business. Our focus will continue to be on expanding our market presence, enhancing
operational efficiencies, and investing in technologies that will shape the future of our
industry.
I want to take this opportunity to express my heartfelt thanks to our employees,
customers, partners, and, most importantly, to you our shareholders. Your unwavering
support and belief in our vision inspire us to strive for excellence every day.
We are excited about the future and look forward to building on this momentum to create
long-term value for all stakeholders. Together, we will reach new heights and make Mayank
Cattle Food Limited a name synonymous with success and innovation.
Thank you for your continued trust and support.
Financial Performance
The Financial year 2023-2024 has seen us navigate through a rapidly changing market
environment, driven by both global and domestic factors. Despite these challenges, we have
delivered robust financial results, underscoring our commitment to sustainable growth. Our
revenue for the Financial Year was Rs. 29,063.24/- (In Lakhs) while our profit after tax
stood at Rs. 303.43/-(In lakhs), reflecting an increase of 138.45 % over the previous
year.
Commitment to Sustainability and Corporate Governance
Corporate Social Responsibility (CSR) urges companies to embrace accountability for the
impact of their activities on customers, suppliers, employees, shareholders, and the
broader community. Such initiatives entail the company's active involvement in areas where
their actions can influence society. At its core, CSR aligns with social accounting
principles, ensuring the company remains committed to upholding laws, ethical standards,
and international norms. Through CSR guidelines, pressure is exerted on the industry to
enhance business ethics through innovative public initiatives and legislation. Mayank
Cattle Food
Limited proudly joins this voluntary initiative, exemplifying its dedication to
providing healthcare services to employees, conserving energy through sustainable
techniques, combatting child labor, and more, for the betterment of society.
As a listed company, we are acutely aware of the importance of corporate governance and
transparency. We continue to uphold the highest standards of governance, ensuring that we
operate with integrity and accountability. Our Board remains committed to guiding the
company with a focus on long-term value creation for our shareholders.
Looking Ahead
As we look forward to the coming year, we remain cautiously optimistic. The global
economic landscape continues to evolve, and we are prepared to navigate the uncertainties
that may arise. Our focus will be on strengthening our core businesses, exploring new
growth opportunities, and enhancing our operational efficiencies.
We are confident that our strategic priorities, coupled with our strong financial
position, will enable us to continue delivering value to our shareholders. We believe that
with the support of our dedicated employees, customers, partners, and you, our esteemed
shareholders, Mayank Cattle Food Limited will continue to thrive and achieve new heights.
Yours sincerely, |
Mr. Bharatkumar Popatlal Vachhani |
Chairman & MD, |
The Mayank Cattle Food Limited |