Message from the Managing Director - 42nd Annual General Meeting - TPI India Limited
Dear Shareholders,
I sincerely hope that all of you and your dear ones are safe and healthy.
It is my privilege to present to you the Annual Report for the Financial Year
2023-2024. The year has been marked by ongoing continued volatility in the global and
domestic market amidst disruption in trade flows and economic uncertainties. Despite the
headwinds, TPI was able to deliver a 12% increase in its revenue. TPI enjoys goodwill in
the market and the management is leaving no stone unturned to revive the good fortunes of
the company. This will be achieved by combination of factors including cost
rationalization, improving efficiencies and prudent financial management which in turn
will translate into improved profitability, better earnings and enhance value to
shareholders in the coming years
Your company made an application for Revocation of Suspension of the shares of TPI
India Limited to BSE Limited and SEBI. After extensive talks and discussions and
representations made by the company, on 9th February 2024 the company received the
permission for revocation of suspension of trading of the shares and for resuming trading
on the BSE platform from 19th February 2024.
Our employees have been the cornerstone of our success, and I would like to take this
opportunity to express my gratitude to each one of them. Their hard work, dedication, and
resilience have been instrumental in our transformation journey
In conclusion, I would like to thank our shareholders for their unwavering support
throughout our restructuring journey. We value your trust and confidence in us and will
continue to work hard to deliver on our promises. I look forward to your continued support
as we embark on this exciting new chapter in our company's history
| Thank you. |
| Bharat C. Parekh |
| Managing Director |