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GI Engineering Solutions Ltd.

BSE: 533048 Sector: IT
NSE: GISOLUTION ISIN Code: INE065J01016
BSE LIVE 15:14 | 17 Aug 3.50 0
(0.00%)
OPEN

3.50

HIGH

3.50

LOW

3.50

NSE 10:19 | 06 Jul Stock Is Not Traded.
OPEN 3.50
PREVIOUS CLOSE 3.50
VOLUME 400
52-Week high 6.50
52-Week low 2.65
P/E
Mkt Cap.(Rs cr) 3
Buy Price 3.50
Buy Qty 600.00
Sell Price 3.67
Sell Qty 1293.00
OPEN 3.50
CLOSE 3.50
VOLUME 400
52-Week high 6.50
52-Week low 2.65
P/E
Mkt Cap.(Rs cr) 3
Buy Price 3.50
Buy Qty 600.00
Sell Price 3.67
Sell Qty 1293.00

GI Engineering Solutions Ltd. (GISOLUTION) - Chairman Speech

Company chairman speech

Dear Shareholders

I am writing you to present our financial performance for financial year 2015-16 andthe future outlook for the company.

Though the company continued its focus in engineering services encompassing HVAC andinfrastructure/real estate markets it could not get projects due to a gloomy atmospheremainly on account of commercial considerations. Overall the engineering services areashave been facing various challenges coupled with general economic stress resourceshortage and lackluster demand in the industry.

However Union Budget 2016-17 earmarked huge outlay for infrastructure sector to boostdomestic demand and support the economic recovery. The strong last 2 quarters numbers ofIndian corporates suggest that the recession mode is on receding phase and the economy isgathering momentum to get back to high growth trajectory. This will call for a surge inrequirement for HVAC and engineering solutions. Consequently the engineering services andsolutions providers will see better days for integrated activities in project delivery ininfrastructure/real estate markets.

We are also evaluating other lines of engineering services that can be picked up alongwith the company’s mainstay activity.

SAJID MALIK

MANAGING DIRECTOR