I Nikhil Gupta (Managing Director) heartily welcome you all who have joined M.D.Inducto Cast Limited with family participation in our maiden public offer. I am confidentthat this association of ours will strengthen our hands to reach glorious heights. I amhumbled by the response received for the Initial Public Offering (IPO) of the shares ofM.D. Inducto Cast Limited which was listed in the financial year 2015-16 on 16thJuly 2015 on BSE SME Platform.
The support given to the IPO was very heartwarming and I would like to thank all theinvestors for showing confidence and trust in Managements Capabilities the philosophy offairness and transparency and in the commitment to social initiatives to promote economicand social well-being of the society around us.
I believe the Board of Directors continues to provide leadership and strategicdirection of a high quality. The complementary skills and experience of our members is thekey to its strength.
To our management team staff bankers and business associates I would like toexpress my gratitude and acknowledgement for the hard work in enabling M.D. Inducto CastLimited to achieve success. I would also like to give thanks to my fellow Directors fortheir immense contribution in formulating and steering the company's strategy.
This year has been one of the most volatile and challenging years in the steelindustry. In an environment of spiraling raw material and other conversion costs and lowersteel prices M.D. Inducto Cast Limited continues to focus on improving efficiency in itscore operations while implementing its downstream investment strategy.
I am confident that with our shareholders' support M.D. Inducto Cast Limited willremain on track to achieve greater heights for years to come and will deliver long-termvalue for our shareholders.
M.D. Inducto Cast Limited