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Advanced Micronic Devices Ltd.

BSE: 517552 Sector: Health care
NSE: N.A. ISIN Code: INE903C01013
BSE 14:46 | 23 Feb 5.90 0
(0.00%)
OPEN

5.90

HIGH

5.90

LOW

5.90

NSE 05:30 | 01 Jan Advanced Micronic Devices Ltd
OPEN 5.90
PREVIOUS CLOSE 5.90
VOLUME 112
52-Week high 8.19
52-Week low 4.88
P/E
Mkt Cap.(Rs cr) 3
Buy Price 5.80
Buy Qty 80.00
Sell Price 5.90
Sell Qty 470.00
OPEN 5.90
CLOSE 5.90
VOLUME 112
52-Week high 8.19
52-Week low 4.88
P/E
Mkt Cap.(Rs cr) 3
Buy Price 5.80
Buy Qty 80.00
Sell Price 5.90
Sell Qty 470.00

Advanced Micronic Devices Ltd. (ADVANCEDMICRON) - Chairman Speech

Company chairman speech

I see the year 2016-17 as a challenging year as well as we had to take some toughbusiness & financial decisions to move forward the business consolidation process westarted in the previous year. The right sizing and restructuring across all businessgroups have momentarily put a pressure on financials of the company but we are confidentthat your company will benefit in the years to come from these tough measures.

Your company continue to operate with Health Care Management System (HCMS) as the corebusiness of the Company. We are committed and confident to thrive in the challengingbusiness environment with some of the excellent product offerings.

The Indian Medical Device market continues to grow in the double digit with a expectedCAGR of around 15% in the coming decade. This fast growing market offers a lot ofopportunities for your company in this sector. The Indian Medical Device Market is largelyimport dependent and cost factor still remains a concern for smaller setups in Tier II& Tier III cities. The growing awareness amongst consumers about Health &Wellness the rise in penetration of Medical Insurance and the government initiatives tobuild better healthcare infrastructure in the smaller cities shall drive the momentum inthis industry. Your company is looking forward to maintain the high product & servicestandards and is flexible in approach to meet the newer market requirements.

Your company offers the world class Medical devices and consumables under the HCMSgroup. We have variety of monitoring products for ICUs & ORs where we provide best ofthe technologies backed up with prompt service support. We are going to further strengthenour services & consumables sales where we see a lot of growth opportunities.

The last couple of years have been difficult for your company as we have gone thru atransition of restructuring businesses clearing bank debt. Your company shall continue toput its best efforts in the core business segments to achieve our objectives of businessrevival and sustaining growth. I would like to express my deepest gratitude to all ourstakeholders for your patience continued support and belief in the company. I would alsolike to thank our loyal customers who believed in our value added services and theemployees who are working hard for a better tomorrow.

Sincerely

Vivek Kumar Malhotra

Whole Time Director