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Artefact Projects Ltd.

BSE: 531297 Sector: Engineering
NSE: N.A. ISIN Code: INE885B01014
BSE 15:17 | 16 Feb 47.50 -2.50
(-5.00%)
OPEN

47.50

HIGH

47.50

LOW

47.50

NSE 05:30 | 01 Jan Artefact Projects Ltd
OPEN 47.50
PREVIOUS CLOSE 50.00
VOLUME 25
52-Week high 57.40
52-Week low 24.30
P/E
Mkt Cap.(Rs cr) 26
Buy Price 0.00
Buy Qty 0.00
Sell Price 47.50
Sell Qty 533.00
OPEN 47.50
CLOSE 50.00
VOLUME 25
52-Week high 57.40
52-Week low 24.30
P/E
Mkt Cap.(Rs cr) 26
Buy Price 0.00
Buy Qty 0.00
Sell Price 47.50
Sell Qty 533.00

Artefact Projects Ltd. (ARTEFACTPROJECT) - Chairman Speech

Company chairman speech

Dear Shareholders

On behalf of everyone I express my gratitude to all our shareholders employeesinvestors and associates who have supported us over the past years on our journey.

It is my pleasure to update you on performance for F.Y. 2016-17 and our strategy goingforward.

Last year we penetrated our market segment and extended our business operations.

Artefact's Gross revenues grew to Rs 2636.23 Lacs (Net of Taxes Rs 2301. 34 Lacs) in2017 an increase of 46.64 % over previous year. During the year the company baggedProjects Assignments of value of Rs 19.75 Crores and was eligible for number of ProjectsBids. It's a very significant long term benefit to all the shareholders.

Our F.Y. 2016-17 performance and market share demonstrates the gains made and ourstrategy to focus on our business model. We shall need additional resources and funds toincrease our business landscape and execute new contracts/assignments efficiently.

The infrastructure sector will fuel the economic growth in the country. The future isincredibly rich in opportunity.

Our accomplishments our growth potential which we together intend to bridge in Comingyears. In 2016-17 the share price of Artefact rose from Rs 23.80 to Rs 37.20 per share.

This is a very opportune time for the Company's business. We are extremely energized bythe opportunity. We seek the Valuable Contribution of all our stakeholders to lead theCompany's business in future.

Sincerely
Sd/-
Pankaj Shah
Director
Date: 23 rd May 2017
Place: Nagpur