Annual Report: 2024
The document is the Annual Report for 2023-24 of Dalmia Bharat Refractories Limited (DBRL). It details the company's performance, strategic initiatives, and future outlook, along with financial statements and corporate governance disclosures.
CEO's Message: The CEO, Dr. C N Maheshwari, highlights a year of strategic transformation for DBRL. This includes optimizing the existing refractory business, acquiring Birla Tyre Limited, and proposing a scheme of arrangement for the demerger of the refractory and travel divisions of Dalmia Bharat Sugar and Industries Limited (DBSIL) into DBRL. The company aims to unlock new potential and enhance stakeholder value through these initiatives.
Company Overview: DBRL is undergoing a dynamic transformation, focusing on sustainable growth and shareholder value. Key strategies include:
Management Discussion and Analysis: Highlights of 2023-24:
Economic Outlook:
Industry Structure and Developments:
Opportunities, Risks, and Concerns:
DBRL's Operational & Financial Performance:
Business Outlook:
Internal Controls & Their Adequacy:
Human Resources:
Director's Report:
Corporate Governance: The report details the company's commitment to ethical business practices, transparency, and stakeholder value enhancement.
Risk Management: DBRL assesses and manages risks through a systematic procedure, overseen by the audit committee.
Auditors' Report: The report includes the Secretarial Audit Report and the Statutory Auditors' Report, with no qualifications or adverse remarks.
Financial Statements: The document also includes standalone and consolidated financial statements. These detail the assets, liabilities, equity, revenue, expenses, and cash flows of the company and its subsidiaries.
Subsidiary Information: The report states information about various subsidiaries including OCL Global Limited, Himadri Birla Tyre Manufacturing Private Limited, Birla Tyres Limited and OCL China Limited.
Materiality: This summary captures the essential financial and strategic information needed to understand Dalmia Bharat Refractories' performance and future direction. It provides a comprehensive overview, meeting all the stated objectives and constraints.
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