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companylogoMayank Cattle Food Ltd

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BSE Code : 544106 | NSE Symbol : | ISIN : INE0R5Z01015 | Industry : Food - Processing - Indian |


Chairman's Speech

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

   

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