Dear Shareholders,
At the onset, I would like to express my heartfelt gratitude to our
frontline workers, whose untiring efforts at ensuring the safety and well-being of our
employees and communities have allowed us to hold our heads high, and continue our
operations without disruptions. Despite the challenges, we have been able to create
sustained value for our stakeholders, and, have achieved improved production, cost and
distribution efficiency, and sustainability initiatives.
The company managed to complete 23 Key projects in the Heavy
Engineering & Defence sector, which the company expects to be on the higher side in
FY. 2026. The company's total list of principal clients now stands at 11 and this list
includes big name such as L&T Precision Engineering and System, AM/NS, Nuberg
Engineering Ltd, Adani, Hazira, Indian Oil Corporation Ltd, Ensavior Technologies Pvt.
Ltd., and so on.
The company has increased its tally of total number of principal
clients to Eleven in this Fiscal, which assures a very strong order book for the coming
year with Four projects already under work-in progress. I am very pleased to inform that
the current status of the work-in projects is nearly 65%. The State-of-the-Art Palsana
workshop is now 100% complete and the company is further developing a world class
infrastructure facility at the workshop to fasten the production process. Our focus
remains aligned on heavy en gineering d ivision, a nd our recent success in pressure
vessels, fa brica tion work verifies the same. We're further developing state-of the art
world class infrastructure facility at Palsana to automate the entire plant to increase
efficiency.
The company's revenue from operations is around Rs. 4024.94 Lacs in FY
2024. Resulting an increase of revenue from the Operations compared to FY. 2022-23. I join
the Board in thanking the team for demonstrating resilience and agility and delivering on
our set objectives.
I would like to take this opportunity to thank each and every employee
as well as others who are associated with Laxmipati Engineering Works Limited in any way
and also our partners across the value chain for their commitment and service to us. Most
importantly, I would like to thank you, our shareholders, for our overwhelming trust,
support and confidence in Laxmipati Engineering Works Limited.
Warms regards,
Sd/-
Sanjaykumar Govindprasad Sarawagi
Chairman
DIN: 00005468