"At the core of our mission to exceed c?ent expectatlons,, we are dedicated to
transforming
the standard ofservice into moments of de?ight"
DEAR SHAREHOLDERS,
We are delighted to present our annual report for the fiscal year 2023-2024,
highlighting our achievements, financial performance, and strategic initiatives over the
past year. The Company's joumey has been driven by a singular visi?n: to transform events
into unforgettable experiences.
We believe that every event is an opportunity to create lasting memories, and we are
dedicated to making each one exceptional.
Our team is committed to delivering excellence in every detail, from the initial
planning stages to the final execution. We understand that each event is unique,
reflecting the distinct personality and goals of our clients. Therefore, we take a
personalized approach, ensuring that every aspect is tailored to meet your specific needs
and desires.
Over the years, we have built a strong reputation for ourselves in the event industry,
not only for the quality of our Services but also for our unwavering commitment to ethical
business practices.
As we reflect on the past year, I am grateful and proud of what we have achieved.
THE YEAR UNDER REVIEW
Your company has navigated a year marked by economic shifts, technological
advancements, global challenges, and the dynamic evolution of the event industry. The
trust placed in us by our clients, partners, and employees has not only been a significant
achievement but also a driving forc? in our pursuit of long-term valu? creation for all
stakeholders. The fiscal year 2023-2024 stands as a pivotal chapter in our company's
history, defined by transformative changes both within and beyond our organization.
Continuing our upward momentum, we made consistent progress throughout the year,
reaching key milestones that significantly enhanced our financia! performance. Notably,
our EBITDA grew by an impressive 126.62%, while our PAT surged by 120.98%. Reflecting our
robust financia! position, the board has recommended a final dividend for FY 2023-24.
As we stand at the end of another successful year, we are positive that the Company's
revenue and Shareholder's valu? will be enhanced in the coming years.
ENERGISING THE CORES
We consistently refine our operations to ensure long-term sustainability. By aligning
our Service offerings with market requirements, we have positioned ourselves as a
dependable partner for our clients, leading to favorable outcomes. We adjust our strategy
based on demand, emphasizing backward integration to address changing needs.
Our team is dedicated to delivering excellence, sparing no effort in serving our
clients. We endeavor to elevate client Service to client satisfaction, ensuring a superior
experience for each client we engage with.
Our accomplishments would not have been possible without the ongoing trust and
collaboration of our clients, partners, and stakeholders. Your steadfast support motivates
us to inn?vate and broaden the horizons within the event industry.
LOOKING FORWARD
As we reflect on the accomplishments of FY 2023-2024, we are energized and ready to
propel ourselves towards a future of continued growth and excellence.
As a company, our pursuit to make an impact in all walks of life contin?es unabated.
As I bring my remarks to a ci?se, I wish to take this opportunity to extend my heartfelt
gratitude to the Board of Directors and the entire Touchwood team. Your unwavering
dedication and collaborative spirit have been instrumental in our achievements. I also
wish to express my profound thanks to our valued clients, shareholders, and employees.
Your continued confidence and steadfast support have been the bedrock of our success. As
we look to the future, we will continu? to rely on your wholehearted support as we strive
to steer the company toward even greater heights of performance and success. Our
commitment to innovation and adaptation will remain strong, ensuring that we consistently
meet the evolving needs of our clients and the industry. Yet, amid these transformations,
our passion—the very essence of what makes our company unique—will remain
unchanged. This passion is the hallmark of our identity and the foundation of the trust
our clients place in us.
As we embark on the joumey ahead, I am confident that we will once again hamess the
imposing forces of change, transforming challenges into opportunities for long-term
breakthroughs. We look forward to another year of growth, achievement, and shared success
as we continu? to shape a brighter, more prosperous future together?
Here's to embracing the promise of brighter, healthier days ahead!!
| Warm regards, |
| Manjit Singh |
| Chairman & Managing Director |