It gives me immense pleasure to share with you the 27th Annual Report ofour company. It gives me immense pleasure to share with you that your Company has madeformidable progress over the last fiscal.
The revenue as well as profitability of your company has been improved significantly.
This improvement in performance was possible mainly on account of continued support ofshareholder's and farsighted leadership provided by the Board of Directors. This wassupplemented by support at all the levels of operations by all the employees of yourCompany. I would like to thank the entire management team the work force the Bankers andthe Business Associates of the company for enabling your Company to grow by leaps. I havealso taken this opportunity to thank my fellow Directors for their immense efforts informulating and steering your Company's strategies and policies.
This year as the previous one witnessed high volatility in market conditions anddisruptions like imposition of safe-guard duty on solar cell Anti-dumping duty on EVAfilms and change in interpretation of GST. Your Company could withstand this only onaccount of efforts at all levels.
Your Company is presently focusing on improving efficiency scaling up the operationsby exploring new markets. The year under review was very happening in the solar industryin general. The company was part of the ambitious SKY (Suryashakti Kisan Yojana) scheme ofGujarat Govt. It was pilot project for KUSUM Yojana of GoI. Now KUSUM has been launchedall across the country in big way. Your company being one of the leading player witnessedrobust growth in its revenue and profits. The energy transition from fossil based energyto renewable based energy is in full pace and World is at a threshold level to embracerenewable energy sources as the main source of energy and preparing to leave behind thelegacy of fossil fuel within the coming decades. Solar & wind Energy Energy StorageWater desalination and Electric Vehicles are going to play significant role in thistransition and your company is also prepared for being the part of this journey towardsfossil fuel free world. I am confident that your Company will achieve greater heights inthe times to come and also will deliver long term value addition to all the stakeholdersnamely shareholders customers and employees.
With warm Regards
Chairman & Managing Director