We are happy to share with you how we have endeavoured to prioritiseour efforts to shape our Company.
Our first priority was to stop the losses our Company kept incurringfrom 2003-04 to 2014-15 (except a small profit of र 0.4 cr in 2013-14) and make itconsistently profitable without incurring huge expense or making a large fresh investment.We directed our effort to streamline the manufacturing operations to achieve highercapacity utilisation required for chemicals such as Sulphuric acid Oleum Sulphur dioxideand Sulphur trioxide. With this largely in place from 2015-16 our Company startedgenerating profit consistently. However there are still accumulated losses of र 18 cr asat March 31 2019. While our Company achieved improvement in its performance there ismore work to be done to further improve existing operations and we are working on a fewinitiatives.
With having improved operations sufficiently our second priority is toseek growth - in addition to the above our effort at this time is to evaluate logical andreasonably risk free investment with good RoCE - we will inform you once we move aheaddecisively with this investment.
We value the commitment and perseverance of our team members who areengaged in strengthening our Company and thus creating value for the stakeholders. We aregrateful to the Non-executive Directors for their involvement analysis and guidance. Asalways we are grateful to you for your faith and patience - we know that you have waitedrather long for dividend and appreciation beyond the current share price. We assure youour best in growing our Company.
|Sincerely || |
|(Rajeev Kumar) ||(Sunil Siddharth Lalbhai) |
|Managing Director ||Chairman |