CHAIRMAN-CUM MANAGING DIRECTORS ADDRESS TO SHARE HOLDERS
Dear Share Holders
Good morning Ladies and Gentlemen. It gives me greatpleasure to welcome you all to the2tAnnual General Meeting of Cenlub Industries Limited. I would like to thank youforsparing the time to be with us today andforyour continuedfaith in the Company.
I also take this opportunity to convey my gratitude to all board members shareholdersemployees and work force all of whom are equalpartners in success of this company andgive their every support to run this company with reasonable top-line.
Last year the amalgamation of M/s. Minihyd Hydraulics Limited as well as M/s.GanpatiHandtex Pvt. Ltd with Cenlub Industries Limited has been completed and the combinedsynergies of this amalgamation has also started bearing fruit in the shape of betterprofitability of our company. I am very pleased to announce that this year the company isgoing today 25% dividend to all our share holders.
.I would like to start with a brief overview of the strategy and performance of yourcompany. We have introduced our Oil Circulatory System in many multinational industries inpower sectors. As regards Railway lubrication (i.e. track based Rail Lubricator) we aregetting good results with our R & D activities.
Our revenue as compared to last year is much better and we expect to grow faster andfaster this year. We are trying our best to achieve our target of Power Sector export toEuropean countries. Our next target is setting up of Oil and Gas Industries for domesticas well as export purposes.
We are trying our best to enter big way into Track based Lubricator. It is absolutely"Make in India" campaign. We have to compete with imported stuff.
You will also be happy to know that this year we have procured ISO 14001 and 18001Certification for our Faridabad plant. This is the legal requirement of EnvironmentHealth and Safety. We are trying to develop some automobile components for which we havereceived TS certificate.
In conclusion on behalf of the Board of Directors of your Company I express mygratitude to all the shareholders for their continued support whose trust and confidenceare pillars of strength in all our endeavors. I thank my fellow Directors for thetremendous dedication and passion that they have shown in carrying forward all ouractivities. I also thank our government bankers employees our customers dealerssuppliers and other business associates for their support and cooperation.
With warm regards