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Junction Fabrics and Apparels Ltd.

BSE: 539216 Sector: Industrials
NSE: N.A. ISIN Code: INE653S01010
BSE LIVE 14:28 | 16 Oct 22.50 0.70
(3.21%)
OPEN

22.50

HIGH

22.50

LOW

22.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 22.50
PREVIOUS CLOSE 21.80
VOLUME 4000
52-Week high 40.00
52-Week low 19.00
P/E 10.87
Mkt Cap.(Rs cr) 6
Buy Price 22.00
Buy Qty 4000.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.50
CLOSE 21.80
VOLUME 4000
52-Week high 40.00
52-Week low 19.00
P/E 10.87
Mkt Cap.(Rs cr) 6
Buy Price 22.00
Buy Qty 4000.00
Sell Price 0.00
Sell Qty 0.00

Junction Fabrics and Apparels Ltd. (JUNCTIONFABRICS) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to present the Annual Report of 2014-15 of JunctionFabrics and Apparels Limited. Your company was able to perform well amidst weakmacro-economic factors.

During 2014 the Indian economy continued to witness sluggish growth on the backdrop ofa weak global scenario. High inflation and interest rates proved to be challenges for thecore sectors. India’s economy is in the midst of a recovery with lower fiscal andcurrent account deficit and weak commodity prices. Our country’s growth seems poisedto return to a high- growth path. The election of the new government however added somecheer to the economic sentiment in hopes of better future for India.

There were some interesting developments during the year. A new government at the startof the fiscal led to renewed hope and optimism for economic growth. The government’s‘Make in India’ initiative promises to make India a global manufacturing hub.Our Hon. Prime Minister emphasizes on Zero Defect & Zero Effect Industries and ours isone such industry where there is no native environmental impact i.e Zero Effect. WithContinuous R&D and implementation of International Standards Methods we are headingahead for Zero Defect Principle with highest quality and a diverse range of products andseek to become the preferred brand for Cotton/Woven Inner and Outer Garments with highcare.

It is in this context that Company continues its quest for sustained growth. I ampleased to inform you that Company achieved its highest ever standalone gross income ofRs. 162.90 Lakhs with a growth of 44.27% in comparison to previous year i.e 2013-14. Alsothe Company achieved its highest ever consolidated net profit before tax and net profitafter tax Rs.23.71 Lakhs and Rs.15.88 Lakhs respectively with a growth of 30.34% and37.25% respectively in comparison to previous year i.e 2013-14 Our focus in the year wason transformation of the Company to achieve growth in revenue and profitability as well asto rightly position the Company in the future. The successful listing from BSE Limited SMEPlatform will become the new start point and milestone in the development of the Company

which will also provide wider development platform and more opportunities to theCompany. The Company will still undertake the mission for promoting the India’stextile industry by pursuing the business idea of "Save Trees" company willcreate larger value for its stock holder client and staff with its continuous effortsmoreover contribute more strength to the development of the national industry.

Let me take this opportunity to thank our entire staff Knitting communities Dyeing& Bleaching Industries and Printing Industries Fabric suppliers across the countryand our stakeholders for their unflinching dedication commitment and contribution overthe past many years. It is your trust and commitment that enables our progress andencourages us to strive for excellence. It promises to be an exciting journey going ahead.I look forward to the co-operation of all our Stakeholders to take our company to newheights.

I would like to place on record my sincere appreciation to the Board of Directors fortheir valuable guidance support and prudent counsel. I and my colleagues on the Boardplace on record our appreciation for support and guidance received from the GovernmentSEBI Stock Exchange and other regulatory authorities various financial institutionsbanks and correspondents in India.

Before I conclude I would like to thank all of you for your presence and faith in theCompany.

With Best Wishes

Sincerely

Prem Dinanath Aggarwal

Chairman & Managing Director

September 12015