I welcome you all the 6th Annual General Meeting of your Company. Thesupport and faith shown by you in the Company has allowed us to continue and create valuefor all stakeholders.
The results of your Company for the year ended 31st March 2020 has shownthat the company has incurred Net Loss After Tax amounting to Rs. 7229610/- as comparedto Profit of Rs.1433861/- (as per Ind AS) in the previous year and also as you can seein the Financial Statements your Company has achieved a total turnover of Rs.34302203.00 from the sale of Ornaments Fabrics and Shares.
| ||ORNAMENTS ||FABRICS ||SHARES |
|PURCHASES ||10790784 ||- ||12473023 |
|SALE ||16785074 ||- ||17517129 |
|PROFIT ||1942504 ||- ||(6027931) |
And at the end of the Financial Year 2019-20 the total Loss of the Company is Rs.7229610/-
I must convey this that you have stood by the side of your company and I am sure thatthe same support and faith will be best owed by you in the Company.
On behalf of the Board of Directors and the Management I would like to place on recordof your Company's appreciation of the support and extended by the employees' bankers andbusiness associates and the continuing patronage and support of stakeholders.