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Eon Electric Ltd.

BSE: 532658 Sector: Engineering
NSE: EON ISIN Code: INE076H01025
BSE 15:40 | 23 Feb 98.60 4.55
(4.84%)
OPEN

96.35

HIGH

98.75

LOW

93.20

NSE 15:29 | 23 Feb 97.75 4.65
(4.99%)
OPEN

95.95

HIGH

97.75

LOW

93.10

OPEN 96.35
PREVIOUS CLOSE 94.05
VOLUME 6534
52-Week high 140.40
52-Week low 60.15
P/E 70.94
Mkt Cap.(Rs cr) 167
Buy Price 0.00
Buy Qty 0.00
Sell Price 98.60
Sell Qty 84.00
OPEN 96.35
CLOSE 94.05
VOLUME 6534
52-Week high 140.40
52-Week low 60.15
P/E 70.94
Mkt Cap.(Rs cr) 167
Buy Price 0.00
Buy Qty 0.00
Sell Price 98.60
Sell Qty 84.00

Eon Electric Ltd. (EON) - Chairman Speech

Company chairman speech

<Deah SkOiekoidehs

Warm Greetings...!!!

We are pleased to inform you that your Company has established itself as one of thepioneers in innovation in the manufacture and marketing of LED based Lighting andLuminaires world-class Fans Wires and Cables Lithium-ion Batteries and other electricalitems.

We have always been committed in delivering the best quality products at affordableprices through technological innovation modernization adoption of best practices andglobal bench marking. Our constant efforts in enriching quality of life by ensuring safeefficient and convenient use of electricity has been a driving force for furtherdevelopment of new and better products. Staying true to our philosophy of consistentgrowth we continue to invest in development of products and technology which focusprimarily on bringing joy to our customers through new innovative products qualityperformance and cost effectiveness.

The major activity that we would want to focus on is the management of the solar streetlighting system for EESL. Under this 40000 solar street light systems will be installedin about 25 to 30 large cities and village constituencies in Uttar Pradesh and Jharkhand.Already having installed more than 5000 such systems we are poised to further ramp upthe project in the coming months. The company's flagship products include LED Lighting forstreet lights and Lithium - ion batteries. We are really excited about this project andtruly believe that it will pave way for more developments in the near future.

We have been spearheading the evolution of both LED as well as Lithium Ion batteriesextensively all over India in the last 5-6 years. Our goal is to use our competencies tomake notable contribution in making India reach the national goal of "Power forAll".

We are excited about the opportunities in FY 2017-18 and beyond. We concluded FY2016-17 on a stronger note delivering our strategic priorities and generating positivemomentum across the board. We continue to be guided by our Core Values and believe that weare poised and prepared for a new phase of growth.

I take this opportunity to thank all our shareholders for their attachment and loyaltyto the Company's vision and growth.

I am very optimistic about Eon's growth in the future and committed to all ourstakeholders and to the communities we work in for sustainable profitable growth withcontinual community engagement.

Thank you all for your continued support which I gently appreciate and cherish.

With kind and cordial regards

V.P. Mahendru

Chairman and Managing Director