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Lawreshwar Polymers Ltd.

BSE: 532829 Sector: Others
NSE: N.A. ISIN Code: INE976H01018
BSE LIVE 15:40 | 11 Dec 56.50 1.80
(3.29%)
OPEN

57.30

HIGH

57.35

LOW

55.10

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 57.30
PREVIOUS CLOSE 54.70
VOLUME 4000
52-Week high 82.90
52-Week low 29.60
P/E 63.48
Mkt Cap.(Rs cr) 77
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 57.30
CLOSE 54.70
VOLUME 4000
52-Week high 82.90
52-Week low 29.60
P/E 63.48
Mkt Cap.(Rs cr) 77
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Lawreshwar Polymers Ltd. (LAWRESHWARPOLY) - Chairman Speech

Company chairman speech

Chairman's Message

Dear Stakeholder

I would like to begin with congratulating you all as our company completes 23successful years in the footwear industry. I am pleased to share with you the AnnualReport of your Company for the Financial Year 2016-17. The Financial year ended on March2017 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 has made net profit from ordinary activities after tax ofRs. 130.79 Lacs as against the last year net profit of Rs. 305.36 Lacs. In financial year201617 your Company's income from operations (net of excise duty) is Rs. 7906.97 Lacs andlast year (2015-16) it was Rs. 10009.09 Lacs. The net profits and turnover of the Companyhas been dropped down due to some external and internal affairs which were not in thecontrol of the management of the Company. The fire occurred on May 15 2016 has also slowdown the progress of the Company and adversely affected the profit and turnover of theCompany.

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 all of you our stakeholders some of whom have been with us formany years are an integral part of our journey in empowering our people and our companyto be more. If we can execute our strategies and do the things we must learn to do theyear and the years ahead of us could be deeply rewarding and I look forward to a greatjourney ahead together.

Ramesh Chand Agarwal

Chairman

Din No. 00108287