I have great pleasure in extending you all a warm welcome to the 39thAnnual General Meeting of your company.
The Annual Report for the year ended 31 March 2018 has been in your hands for sometime. With your permission I shall take them as read.
Your Company has reported about 17% YoY growth in the total revenue and about 37% inthe PBT this year. Considering the existing business opportunities in the industry growthover 50% is estimated in the year to come.
Company's outlook has been revised from stable to Positive by Crisil. As the GST hasnow been stabilized resulting into efficient simpler and transparent indirect taxationprocedures.
Of Couse there is ample scope for improvements particularly in the area of costsautomation and reduction of rejections. For the past periods we have successfullyapproached customers for cost reimbursement cost escalations & price revision for thefuture supplies.
With these positive notes your board has recommended a dividend of Rs. 3.50 per share.
We keep receiving suggestions from our valued shareholders which proved very helpful incompany's working. I thank our employees and all stakeholders customers suppliersbankers financial institutions and consultants and our Internal Auditors Cost Auditorsand
Statutory Auditors for their support throughout the year.
I thank you all for your time for this General Meeting. It is very encouraging for us.
With best wishes
Rohini G. Kalyani
(Chairperson & Managing Director)