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Banswara Syntex Ltd.

BSE: 503722 Sector: Industrials
NSE: BANSWRAS ISIN Code: INE629D01012
BSE LIVE 15:40 | 22 Sep 132.05 -6.90
(-4.97%)
OPEN

134.75

HIGH

137.50

LOW

132.05

NSE 15:31 | 22 Sep 132.50 -6.50
(-4.68%)
OPEN

139.30

HIGH

139.30

LOW

132.00

OPEN 134.75
PREVIOUS CLOSE 138.95
VOLUME 2543
52-Week high 261.00
52-Week low 125.00
P/E 23.54
Mkt Cap.(Rs cr) 226
Buy Price 132.05
Buy Qty 13.00
Sell Price 0.00
Sell Qty 0.00
OPEN 134.75
CLOSE 138.95
VOLUME 2543
52-Week high 261.00
52-Week low 125.00
P/E 23.54
Mkt Cap.(Rs cr) 226
Buy Price 132.05
Buy Qty 13.00
Sell Price 0.00
Sell Qty 0.00

Banswara Syntex Ltd. (BANSWRAS) - Chairman Speech

Company chairman speech

Dear Shareowners

It is a matter of great pride for us that BSL has completed 40 years of excellence.Founded in the year 1976 our journey over the last 40 years has been rewardingexperience. It has been possible due to the trust and confidence reposed on us by all ourstakeholders. With our determination and continuous efforts we have been able to placeourselves as leading Composite Textile Mill in the country.

We started in the year 1978 as Synthetic yarn producer with a very small capacity.Besides increase in the spinning capacity for Synthetic and Worsted Yarn production weare leaders in Synthetic Blended Lycra Cotton Wool and Wool Blended Fabrics supplied allacross the world. Apart from our presence in the Yarn and Fabrics we are also producingworld class Trousers and Jackets at Garment Factories in Daman & Surat.

Going forward your Company will mainly focus on increasing its in the share of valueadded products in the supply chain. The substantial capital investment during 2010-11 to2014-15 will support this strategy. In the next couple of years we shall focus more onconsolidation.

Your Company's increasing presence in the international market would further enrich thelist of its valued customers. We continue to strive on the Company's major strength ondesign and development of the new products.

The amalgamation of Banswara Fabrics Limited and Banswara Global Limited with yourCompany has been approved by all concerned authorities. The scheme is awaiting the finalapproval by the Hon'ble Rajasthan High Court. It would be my pleasure to welcome theshareholders of these Companies to Banswara Syntex Limited.

I would like to take this opportunity to express my gratitude to all our stake ownersfor their continued confidence and endorsement to our growth strategy. All this has beenpossible only because of your continuous support and motivation over the 40 years journey.

With warmest regards
R.L. Toshniwal
Chairman