You are here » Home » Companies » Company Overview » Gyan Developers & Builders Ltd

Gyan Developers & Builders Ltd.

BSE: 530141 Sector: Infrastructure
NSE: N.A. ISIN Code: INE487G01018
BSE LIVE 15:14 | 30 Dec Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 6.59
PREVIOUS CLOSE 6.28
VOLUME 7
52-Week high 6.59
52-Week low 6.59
P/E 219.67
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.30
Sell Qty 180.00
OPEN 6.59
CLOSE 6.28
VOLUME 7
52-Week high 6.59
52-Week low 6.59
P/E 219.67
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 6.30
Sell Qty 180.00

Gyan Developers & Builders Ltd. (GYANDEVELOPERS) - Chairman Speech

Company chairman speech

CHAIRMAN SPEECH

I welcome you all to the Twenty First Annual General Meeting of your Company. TheDirector's Report and the Audited Accounts for the year ended 31.03.2013 have been in yourhands and with your permission I take them as read.

A year has passed since I have last communicated to you. Your Company has made net lossof Rs.69,977/- during the fiscal year compared to previous year profit of Rs. 18,95,835/-.

The Indian economy registered growth rates of 8.6% and 9.3% in FY 2009-10 and FY2010-11 respectively. However, on account of macro-economic uncertainties, it has showedsigns of slow down in the last two financial years. The GDP growth was 6.2% in FY 2011-12which further dipped to 5.0% in the FY 2012-13.

During the year under review, the real estate market was very sluggish and there werevery few buyers of vacant land. In addition to that the State / Central Governmentpolicies were unfavorable as there has been enormous increase in guideline value ofproperties in the State of Tamilnadu. However, your Company has done well in the firstquarter of the fiscal year 2013-2014 and keeping in account the positive trend of firstquarter, the Directors are confident that the Company will do well in the forthcomingyear.

I thank the Shareholders and I am confident that with your support and commitment ofCompany's Staff, workers and the team of management, we will be able to achieve theobjectives we have set for ourselves.

Thanking you,

Yours faithfully,

Sd/-

T. Ashok Raj

Chairman

Date: 20.09.2013