Gokul Refoils and Solvent

Dear Stakeholders,
 
 It is my pleasure to share with you our Companys performance of
 2007-08, at instance where the Company has completed its sparking 15
 years. The year 2007-08 was really a golden year for your Company
 during which we came with initial public issue (IPO) of 71,58,392
 equity shares of Rs. 10/- each for cash at a price of Rs. 195/- per
 equity share (including a share premium of Rs. 185/- per equity share)
 aggregating to Rs. 13958.86 lacs. The issue had received an
 overwhelming response from retail investors and it had been
 oversubscribed by 5.21 times. I offer my sincere thanks to all
 investors for reposing faith and trust in us.
 
 Our Company has registered a significant growth in total revenues,
 operating margins and net profit as compared to previous year.
 
 Your Company has become a prominent player in the edible oil industry.
 i am happy to inform you that the Soyabean Processing Plant has been
 successfully commissioned and it is the first port-based plant in
 India. The Company has decided to set up 1000 TPD edible oil refinery
 at Haldia, in West Bengal. After its commencement the Company can
 increase its sales in North- Eastern States due to benefits of
 logistics.
 
 Though the economic outlook has turned uncertain, the Indian economy is
 expected to continue its growth, may be at a slower rate. The rising
 inflation, higher interest rates and soaring crude prices are some of
 the challenges to be faced by the Indian economy. Your Company has
 geared itself to face the challenges effectively.
 
 I am confident that with your support your Company shall continue to
 march forward in the years to come.
 
 With warm regards,
 
 Balvantsinh C. Rajput
 Chairman & Managing Director