DEAR VALUED SHAREHOLDERS
I AJIT JAIN CHAIRMAN & MANAGING DIRECTOR
Heartily welcomes you all on the grandeur occasion of Annual General Meeting ofSHASHIJIT INFRAPROJECTS LIMITED. I also express my gratitude for believing in the valuesof Shashijit Infraprojects Limited. Our success in the maiden public offer would not havebeen possible without the unstinted support and cooperation of all stakeholders and onbehalf of the Board and on my own behalf I would like to place on record my deep sense ofgratitude to each and every one of you.
Ever since when I incorporated business in 2007 the words constructioninfrastructure erection timelines Client Satisfaction unmatched quality mostcompetitive price etc. have become integral part of life.
The company's foray is mainly in geography of South Gujarat Union Territory of Damanand Union Territory of Dadra and Nagar Haveli and we constructs builds and developsIndustrial Infrastructure facilities driveways public utilities powerhouse buildingsfactories and such other immovable properties.
As you are aware the Indian economy is poised on the cusp of a new era of exponentialgrowth and rapid development this will undoubtedly open up new and unprecedented businessopportunities in the country.
During the year your Company's principal focus was on scaling up construction activityat the project sites and thereby speeding up the delivery of finished product.Accordingly all its actions were directed towards this objective. Company is continuouslyengaging with all the concerned parties viz. customer groups banks local authoritiesand contractors etc. to put in place mechanisms to ensure unhindered progress of projectsand reassure them of its commitment to delivery.
Ladies and Gentlemen turning to your Company's performance the Annual Report for theyear ended 31st March 2017 along with the Directors' Report and audited Annual Accountsof the Company have been circulated to you and I request your kind permission to take themas read.
The performance of your company has been stable over the last two reported years interms of top lines whereas the company has reaped profits & reported higher bottomlines in last reported fiscal FY 16-17 as compared to FY 15-16. The company strives tofurther strengthen on infrastructure expand on geographies operated and build a robustmanpower team for expanding the business.
The outlook for 2017 seems promising particularly when the company has been awarded anumber of projects from the existing long standing clients and the same are underexecution projects to be completed during the current financial year. The company is alsostriving at other avenues for business growth.
I would like to take this opportunity to thank Your Company's stakeholders especiallyour valued customers employees and suppliers Central and State Governments RegulatoryAuthorities investors bankers and financial institutions for their continued faith andtrust.
I thank all my colleagues on the Board for helping me in creating good governanceculture across the organization and fulfilling the responsibilities of Board.
I would like to place on record the sincerity hard work commitment and dedication ofthe entire Shashijit team.
I seek your continued support in making the Company more sustainable and resilient toexternal challenges.
On the occasion of Your Company's 10th Annual General Meeting I would once again liketo express my gratitude to all of you our valued Shareholders for your continued supportin our shared mission of contributing to nation's growth.
|Thanking You |
|FOR AND ON BEHALF OF |
|SHASHIJIT INFRAPROJECTS LIMITED |
|(AJIT JAIN) |
|CHAIRMAN & MANAGING DIRECTOR |