Alkesh Rameshchandra Patel Managing Director
With great pleasure I welcome you to the 12th Annual General Meeting of Your Company.
We have come along one more year of moving ahead in emerging opportunities in globaland domestic markets. Incorporated in 2007 the Company has come a long way of twelfthyears from the year of Incorporation to successful completion of SME Listing of fouryears. Now the shares of Company are listed on BSE Limited and traded on Main Board ofBSE Limited.
Today I am proud to be at the helms of the Company that is run by the team ofenthusiastic and dedicated employees who have led the Company to newer heightssuccessfully. In the year 2018-19 your company has crossed the turnover of Rs. 41.44Crores with appreciation of 94.26%. Further the company has received various order fromIndia and Outside India for supply of Pressure Vessels and other Equipments. The years2018-19 is one of great year of your Company with crossing the new target in terms ofturnover and in term of order receive from various client which will boost our turnoverand profit in coming years.
Additionally now company has its global presence in Texas USA as Loyal EquipmentsInc. wholly owned subsidiary of Loyal Equipments Limited.
To proceed the Board believes that the Company will need to follow a very sharpbusiness strategy so that it will possible for the Company to compete with others andfulfill the needs of the society. The endeavour of the Company s management is alwaysstriving towards the optimal results and strengthening the relationship with the society.With your support I am confident of leveraging opportunities and overcoming challenges toreport exciting success in the coming times as well.
At the close I would like to thank the entire team at Loyal Equipments Limited for anoutstanding year which is reflective of their efforts dedication and commitment tosuccess.
I would like to place on record my sincere appreciation to the Board of Directors fortheir guidance. I would like to express my gratitude to all our stakeholders for theircontinuing faith in the Company and I look forward for their support trust andconfidence.
Wish best wishes Sincerely
Alkesh Rameshchandra Patel
July 09 2019