The financial year 2016-17 also was full of challenges and crucial commitments. As theyear progressed business environment remained difficult and operation in such a criticalenvironment found to be challenging for steel industries.
Discarding the global challenges your company continued to carry on businesscautiously which resulted into turnover of Rs. 19626.37 Lakh. On the mark of report thatyour Company sustained its profitability due to controlling expenses and finance cost andposted a net profit of Rs. 42.91 Lakh
It will not be out of place at this juncture to say that your Company's ability delivergrowth and sustain business gradually. The momentum is attributable to its ability toremain relevant to its esteemed customers' changing choice and preference need andextensive global presence.
I would like to take this opportunity on behalf of the Board of Directors and itsleadership team to thank each shareholder Banks and Financial Institutions for theircontinued cooperation support and commitment to the Company.
Success is working together and not a destination. It is with this hope and faith Ilook forward to your continuous confidence in your Company embarking on the next phase ofits growth journey.
|With best wishes |
|Ashok Shah |
|Chairman & CFO |