At the outset I take this opportunity to wish you and your familyaVery
Happy and ProsperousNewYear!
I am happy to inform you that the Bombay Stock Exchange Ltd.,
(BSE) has re-listed our Shares, after giving effect to the Scheme
of Reduction of Share Capital of the Company. You are also aware
that w.e.f. 23.12.2006, the face value of the Shares has been
reduced from Rs.10/- to Rs.5/- each. We have informed all of you
as well as NSDL and CDSL about this change. Please note that our
new ISIN No. is INE783B01029. After giving effect to the Scheme,
the Issued and Paid-up Share Capital of the Company is Rs.10,64,06,425/-
divided into 2,12,81,285 Equity Shares of Rs.5/- each. Needless
to mention after Reduction of Share Capital the net worth of the
Company has turned positive. The Company has made substantial
profits during 05-06 and first-half of the Current Financial Year
and has wiped-out accumulated losses.
You must have read the Audited Financial Results of the Company
for the period ended 30.09.06. There is an all round growth in
the turnover and profit of the company. As compared to last year,
your Company has achieved a turnover of Rs.96.13 cr as compared
to Rs.40.35 cr during the corresponding period of last year. Similarly,
your Company has earned a net profit of Rs.6.21 cr during the
said period. Coupled with net profit of Rs.9.68 cr earned by the
company during financial year ended 31 March 06, the same has
improved the financials of the Company to a considerable extent.
This growth in turnover as well as profit is mainly due to company's
continued efforts in strengthening the domestic as well as export
marketing operations. During the above mentioned period there
was substantial growth in the exports of the company. You will
be glad to know that Pharma Industry is growing more than 18%
for the first time in the last decade and your Company is no exception
to this. This growth is expected to further increase. Even the
third Quarter results of your company are also quite satisfactory.
Considering the erformance of the Company in the current year
and also plans for the next year, I am confident that we will
be in a position to achieve our annual target.
Earning Per Share (E.P.S.) of the Company has increased from Rs.4.49
to on the annualized basis,during the current year.
The new plant which is being set up under Twilight Group at Baddi
in the State of Himachal Pradesh will be commissioned as per our
plan in April 2007. Once this plant is started increased capacity
will leverage turnover and also higher profitability due to tax
benefits. This will directly help the company to achieve better
performance and profitability in the coming years. It is satisfying
to note thatweare making progress as per our plan and investments
made by the Company will prove to be extremely beneficial for
the years ahead.
You will also be happy to note that your company successfully
raised requisite amount of working capital funds from the Bankers
of the Company at competitive rates. The funds thus raisedwill
reduce the financial overheads and will give more certainty about
achieving the targeted results.
The Audited Results in brief for the half year ended 30.09.2006
Onbehalf of theCompanyletme thank you for your unwavering support
15th January, 2007th,