We delivered robust performance in fiscal 2021 led by strong performance in the geardivision despite challenging external environment. After initial hiccups during the firstquarter due to the nationwide lockdown to control the spread of the pandemic we continueto see improved performance in our domestic and international business. We managed tomaintain healthy order book on the back of periodic order inflows from our end segmentslike power steel sugar mining and cement sector amidst revival in economic activity. Wehave been constantly channelizing our efforts towards reducing debt inventory andreceivables thereby strengthening our balance sheet. Also our ongoing focus onstreamlining existing operations has helped us maintain robust performance despiteuncertain external factors of economy. Though the economic environment remainschallenging we remain optimistic on the Company’s growth prospects. We continue towork towards making ourselves leaner and agile to tide over the prolonged slowdown causedby Covid-19 pandemic and have aligned our efficiencies to capitalize on the emergingopportunities during and post economic recovery.

We are actively taking all measures to contain the impact of pandemic by providingnecessary support to our employees and other stakeholders. We have provided substantialsupport to the hospital which supports in relief for the underprivileged persons affectedby pandemic.

Prayasvin Patel - Chairman & Managing Director