It gives me immense pleasure in welcoming you to the 27th Annual GeneralMeeting of your Company. The Director's Report and Audited Accounts for the year ended 31stMarch 2018 are already with you and with your permission I take them as read. Before Itake up the agenda for today's meeting I would like to share with you some of myperception relating to the performance of the company as well as the growth opportunitiespursued by it.
Your company has achieved a turnover of Rs. 4.90 crores during the year as against theturnover of Rs. 4.76 crores during the previous year. Your company has earned a Profitbefore tax of Rs. 38.78 crore during the financial year. However due to income out ofexceptional items profit after tax has increased to Rs. 5.46 crore. As the profit wasrequired to be ploughed back in the business for future investments your Directors didnot recommend any dividend for the current financial year ended as on 31.03.2018.
On behalf of the Company and all of you I take this opportunity to thank our valuedcustomers investors suppliers bankers consultants the Member of the Board theGovernment of India the Government of Orissa and in particular the NRIL collective fortheir excellent support and co-ordination to achieve yet another year of success for theCompany. We are committed to strive together as a team to attain the main objective of theCompany while ensuring our economical social & moral commitments.
I once again welcome you and thank you for the confidence you have reposed on us.
| ||Nirmal Modi |
|Dated : 27.06.2018 ||Managing Director |