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Bedmutha Industries Ltd.

BSE: 533270 Sector: Metals & Mining
NSE: BEDMUTHA ISIN Code: INE844K01012
BSE 16:01 | 24 Apr 25.50 -1.25
(-4.67%)
OPEN

25.55

HIGH

27.00

LOW

24.25

NSE 15:48 | 24 Apr 25.30 -1.40
(-5.24%)
OPEN

26.65

HIGH

27.10

LOW

24.30

OPEN 25.55
PREVIOUS CLOSE 26.75
VOLUME 34718
52-Week high 50.00
52-Week low 15.05
P/E
Mkt Cap.(Rs cr) 63
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 25.55
CLOSE 26.75
VOLUME 34718
52-Week high 50.00
52-Week low 15.05
P/E
Mkt Cap.(Rs cr) 63
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bedmutha Industries Ltd. (BEDMUTHA) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me a pleasure to present the 27th Annual Report of Bedmutha IndustriesLimited.

Though the sentiments among country men are optimistic but the replication of the sameis not seen effectively on ground due to many disruptions by the government likedemonetization introduction of GST introduction of RERA. All these disruptions thoughwill have long term good impact for the country but in short term it has impacted thebusiness in all sectors.

Due to poor demand cycle there is huge impact on the financial institutions withstressed assets on account of weak bottom lines of businesses affecting their repaymentcapacities. All this has a combined effect on weaker demand thus creating marginpressures in the industry.

Your company too has been passing through a bad patch since the recent capacitiesadded at Naradana Plant cannot produceatitsfullcapacityduetosufficient flowhas not beengenerated to meet the obligation of repayment cash starting from January 2017. The valueadded products namely tyrebeed wire and wire rope have not yet started due to paucity offunds.

We are taking all necessary steps like consolidating the business by stopping theoperation at sinner plant and transferring the same to naradana straitening the marketingteam taking the professionals help to improve EBIDTA. This all in long term will yieldbetter results. With this optimistic view one more year of good monsoon stabilizing ofGST Reduction in Interest cost by RBIThe economy will kick start its upward movementwhich in turn will help to enhance the demand for the product and improve our businessprospects.

I would like to thank to all the stakeholders for showing their full faith on thecompany and its management and also thankful to the Board members for guiding the companyand its policy formation. All the employees the bankers and the customers for theircontinuous patronage and support during the hard time and last but not the least all theshareholders for being invested till date and I promise you that we as management willstrive to add value as we progress.

With Best Regards

K. R. Bedmutha

Chairman

DIN : 01724420