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Igarashi Motors India Ltd.

BSE: 517380 Sector: Engineering
NSE: IGARASHI ISIN Code: INE188B01013
BSE LIVE 15:40 | 18 Aug 992.60 -14.35
(-1.43%)
OPEN

1005.80

HIGH

1005.80

LOW

990.00

NSE 15:31 | 18 Aug 994.80 -12.10
(-1.20%)
OPEN

997.05

HIGH

1004.00

LOW

990.00

OPEN 1005.80
PREVIOUS CLOSE 1006.95
VOLUME 1449
52-Week high 1125.00
52-Week low 650.00
P/E 41.08
Mkt Cap.(Rs cr) 3,038
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1005.80
CLOSE 1006.95
VOLUME 1449
52-Week high 1125.00
52-Week low 650.00
P/E 41.08
Mkt Cap.(Rs cr) 3,038
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Igarashi Motors India Ltd. (IGARASHI) - Chairman Speech

Company chairman speech

Dear Shareholders

With immense happiness and pride I would like to mention that FY16 has been the bestever year for your Company since inception.

This has been possible due to growing confidence of customers focused technology &product development proactive & energetic people engagement and sound financialmanagement.

This is strongly backed by the re-entry of Igarashi Japan as Promoter during the yearwith a significant investment to buy the shareholding from Blackstone in the HoldingCompany. During the tenure of Blackstone they have played a vital role in improving allaspects of your Company’s performance along with the team. I express sinceregratitude to the Blackstone team for the strong backing of your Company.

Your Company continues to add products and customers in the Automotive Torque ActuatorMotor space in Power Train applications arising out of the growing demand for suchproducts in the Market.

Together with Igarashi Global infrastructure your Company continues to work onelectric motors for new applications which is growing at more than twice the rate ofvehicle growth.

Over the last five years your Company’s team has endeavored to continuouslyimprove manufacturing engineering and operational performance improvement which isevidenced in the financial performance improvement over the last five years.

I would like you to join me in complimenting your Company’s team and Igarashi forcreating a business model to drive towards being the lowest cost producer in the world inthe chosen niche application. This is well recognized by the Global Tier-1 Customers andwith the re-entry of Igarashi Japan as Promoter Shareholder in the Company largeropportunities are being addressed by customers.

I remain as always grateful to you our dear shareholders for continued patience andconfidence in the Company. I am very happy to announce that this has been well rewarded bythe highest dividend paid so far since the beginning. I continue to believe that there ismuch more value in the business opportunities being prospected in the future.

Yours sincerely

K K Nohria

Chairman