It gives me an immense pleasure to welcome you all at the Annual General Meeting of ourCompany and delighhted to discuss with you about the growth and achievements which Companyhas made despite the several challenges posed by the National & global economy.
I begin to write this message with the utmost sense of pride for the company and itsdedicated employees. Keeping in mind the economic changes and slowdown that the country isfacing due to threat imposed by the COVID 19 pandemic in the year 2020-2021 I am happy toannounce that the company has improvised its performance in the year 2020-21. During theyear under review company has recorded Net Profit of Rs. 10.72 Lacs as compared to lossduring the previous financial year. The company has suffered also due to covid pandemicand could not meet the expected target of revenues as visioned by the management duringthe year we are continuously striving for the better performance of the company in theyears to come.
At Ganga Forging Limited we can see better days ahead following increase in the exportand improving prospects in the forging industry. Our new growth engines hold immensepotential to become large. We remain poised and prepared for the next decade to createsignificant and sustainable value for all our shareholder. We would like to assure that wewill continuously seek opportunities and make our best efforts to contribute towards thegrowth and success of the organization.
I hope that continued support and confident of stakeholders towards the organisationwill help the company to achieve its milestone and to reach at the next level of thegrowth and to become a global leader in the manufacturing of forging items in india.
In the endI would like to present my heartful gratitude towards the ShareholdersEmployees Customers and other stakeholders for their continous support as well asconfidence on us.
|Thank you. |
|Hiralal Tilva |
|Chairman & Managing Director |