Dear Shareholders

I have great pleasure to welcome you all to the 25^th Annual General Meetingof our Company. It gives me pleasure to communicate with you once again. The Directors'Report and the Financial Statement for the year ended 31st March 2021 together with thereport of Statutory are already with you. I am sure you are fully aware of the financial& physical health of your company.

Financial Year 2020-21 has been a very significant year for your Company as we haveachieved several breakthroughs which will propel our future growth exponentially. Some ofthese laurels achieved are as mentioned below:

Large orders executed for a Very Large Integrated Steel Group in India across varioustypes of Valves which has given us tremendous goodwill with the Group for their Futureearmarked Projects upcoming years. ? Good thrust gained in certain High margin Productsduring the year including in Specialized High Performance Butterfly Valves &Specialized Fabricated Valves. ? The Company has started offering its Products to thevalue added Pulp & Paper sector.

Our designing capability to innovate enables us to meet the changing customer needs. Webelieve that our growth has been due to our ability to understand customer needs and builda product of optimal design.

We value the importance of our relationships and will continue to remain fair &true in all our dealings with all the stakeholders.

I express my sincere gratitude to my Directors on the board for their valuable guidance& contribution & thank you all the stakeholders for being with us in this phaseand assure you that in upcoming years the Company shall always strive better to give aperformance.

Thank you all for attending this meeting Ladies & Gentlemen.