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Lawreshwar Polymers Ltd.

BSE: 532829 Sector: Others
NSE: N.A. ISIN Code: INE976H01018
BSE LIVE 19:41 | 19 Oct 60.00 -0.15
(-0.25%)
OPEN

60.00

HIGH

62.75

LOW

58.35

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 60.00
PREVIOUS CLOSE 60.15
VOLUME 5932
52-Week high 82.90
52-Week low 29.60
P/E 67.42
Mkt Cap.(Rs cr) 82
Buy Price 0.00
Buy Qty 0.00
Sell Price 60.00
Sell Qty 490.00
OPEN 60.00
CLOSE 60.15
VOLUME 5932
52-Week high 82.90
52-Week low 29.60
P/E 67.42
Mkt Cap.(Rs cr) 82
Buy Price 0.00
Buy Qty 0.00
Sell Price 60.00
Sell Qty 490.00

Lawreshwar Polymers Ltd. (LAWRESHWARPOLY) - Chairman Speech

Company chairman speech

Dear Shareholders

I would like to begin with congratulating you all as our company completes 21successful years in the footwear industry. I am pleased to share with you the AnnualReport of your Company for the Financial Year 2014-15. The Financial year ended on March2015 was another successful year where despite a challenging environment our business wasable to face competition. We expanded our reach and further strengthened our distributionso that we can serve our consumers better with our wide range of product offerings.

As you all are aware that the footwear Market in India has seen a wide transformationover the past years on the back of fast changing retail scenario. According to our recentanalysis India is regarded as the second largest global producer of footwear after China.More than half of the annual production of the country is accounted from non leatherfootwear

During this Year the company made net profit Rs.214.48 Lacks and last year net profitwas Rs.170.25 which is clearly showing increased net profit by approximately 26%. ThisYear turnover of our company is Rs.8365.79 Lacs and last year turnover was 7705.19 thesame is also showing increased turnover by approximately 9%

This year company has inaugurated a new plant at Kaladera Tehsil Chomu and DistrictJaipur in Rajasthan on May 3rd 2015. The Project was situated around 30 K.Maway from the main factory of the Company which will take around 30 Minutes Only. TheCompany has planned capacity expansion at Kaladera plant. Our Company is well positionedto capitalize on the increasing demand for our products and enhance service levels. Thetotal project cost in estimated to be 11.90 Crore and the plant is in operation.

In the year ahead the business environment will continue to remain challenging andcompetitive intensity is likely to remain high. With our purpose driven productspassionate employees and your continued support I am confident that we will continue todeliver growth that is consistent competitive profitable and responsible.

I would like to thank you all our shareholders for your trust and your wholeheartedsupport and look forward to meeting all of you at the annual general meeting.

Sincerely

Ramesh Chand Agarwal

DIN: 00108287

Date: 04 September 2015