Dear Stakeholders,
As the Chairman of the company, I feel privileged to communicate to you through the
companys 40th annual report.
I am pleased to announce that we have achieved significant improvements in our
company's financials this year. We have been able to increase our revenue to
Rs. 315 crores compared to the previous year's Rs. 253 crores, and our
cash profit before exception income has also seen a substantial increase from a cash
loss of Rs. 22 crores in FY 21-22 to a cash profit of Rs. 4.79 crores in FY 22-
23.Furthermore, the company has reduced its loans by 15%.
I want to take this opportunity to thank all of you for your hard work and dedication
to the company. Your efforts have contributed greatly to our success this year. We have
been able to achieve this growth through various initiatives such as cost optimization,
improving our marketing strategies and expanding our customer base.
We are confident that this upward trend will continue into the next year. We have
several plans in place to further improve our financials, including improving capacity
utilisation of our plant through engaging with our customer base, further reducing the
company's debt, expanding our product lines, and exploring new markets. We are also
committed to enhancing our customer experience, which we believe will lead to increased
customer loyalty and retention.
We understand that there may be challenges ahead, but we are confident in our ability
to overcome them. We believe that with our collective efforts and hard work, we can
achieve even greater success in the future. Always remember, cultivating a
solution-oriented mind set during tough times whether for the workplace or family, allows
setting yourself up for a long fruitful career and facilitates peace of mind. Most
importantly, take one step at a time, don't let the week ahead overwhelm you. There is
always light at the end of the tunnel and you will always achieve your goals.
Just focus on taking the next best step.
I look forward to another year of growth and success, and I am confident that together,
we will continue to achieve great things.
Bharat Kaushal
Chairman
(Independent Director)