The 42nd Annual General Meeting of BCL Industries Limited formerly Known as BCL Industries and Infrastructures Ltd. was held to day at Community Hall of Ganpati Enclave. The meeting was attended by shareholders and
|1. R.C Nayyar, IAS (Retd.)||–||Chairmen of the Company.|
|2. Rajinder Mittal||–||Managing Director of the Company|
|3. Shri V.K Nayyar||–||Director of the Company|
|4. S.N Goyal||–||Whole Time Director of the Company|
|5. Subash Mittal||–||Chief Executive Officer of the Company|
|6. Gulab Singh||–||Chief Financial Officer|
The annual report for the year 31 March 2018 alongwith Directors report and the Audited Annual Accounts of the Company was presented. The highlights of some of the key aspects of financial year 2017-18 were brought out by Shri Rajinder Mittal, MD. Speaking on the occasion he said “BCL is growing at very fast pace and we have ample business opportunities ahead in view of latest govt policies relating to industry. We are proud to record revenue of more than 850 Crores which is the highest consolidated turnover in four decades of our history showing an increase of 27% over the previous year”. He further said that our profit after tax has almost doubled to 18.40 crores as against 9.76 crores in the previous year. We are seeking more avenues for growth of the company and coming up with modernization, modification and expansion both in the company and also in the subsidiary companies. The EPS of the company now stands around 13 as against 7 in the previous year. He further highlighted that In addition to our business goals and commitment to shareholders, our company is focused on playing its role as a responsible corporate citizen thereby contributing towards upliftment of society and common man through Education and Health. According to CSR rules as per Companies Act, 2013, we have spent Rs. 18.49 Lacs towards the socio-economic development and promoting education and sports and healthcare of the region. Our group is already active in assisting few hospitals and educational institutions.
The meeting was concluded by conveying sincere thanks to the valued shareholders for their continuous support and trust and by placing on record the commendable efforts and commitment shown by the employees of the company at all levels and for their esteemed cooperation from time. It is because of their whole hearted support and trust that the performance of the company on quarterly basis till 30th June, 2018; the profit of the company after tax has increased to Rs. 5.84 Crore as against Rs. 4.69 Crores of previous first quarter ended 30th June 2017 showing an increase of around 25%.