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Maheshwari Logistics Ltd.

BSE: 538394 Sector: Others
NSE: MAHESHWARI ISIN Code: INE263W01010
BSE 05:30 | 01 Jan Maheshwari Logistics Ltd
NSE 12:18 | 24 Apr 189.00 -1.00
(-0.53%)
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Maheshwari Logistics Ltd. (MAHESHWARI) - Chairman Speech

Company chairman speech

Dear Shareholders

My sincere regards to all.

Financial year 2016-2017 was one of the most significant landmarks in the history ofour company. We had a dream to go public and with our commitment hard work and strongbelief in our values we were able to see this dream through in a matter of 30 days timewith a very successful IPO. The issue was oversubscribed by more than 4.5 times making itone of the most successful SME IPO during that time. We at MLL are indeed humbled by thisresponse from the investing fraternity and also recognize the added responsibility toensure that future performance and results meet the stakeholder's expectations on asustained basis.

Our company is engaged in three segment of businesses viz. Trading Service andManufacturing. I am quite delighted to inform that in terms of revenue we have been ableto achieve a growth of 22.81% on YOY basis and achieved Total Sales of Rs. 738 crores and32.91% on YOY basis and achieve a PAT of Rs. 9.72 Crores.

There is no doubt that the competitive intensity has increased in the market across allsegments and products but we strongly believe that the only thing constant is CHANGE.Hence we are always ready to change according to the situation and we look to grab eachand every opportunity that is available to us in our business.

The importance of coal as cheapest fuel is undeniable. Coal is the most abundant fossilfuel on earth and industrial greatness has been built by many countries on coal. Inaddition to the regular coal supplies that we do as a part of value addition we havealso setup a coal screening plant to cater the need of sized coal to our customers.Moreover we are also authorised dealers of Essar Oil Ltd for Petcoke Sulphur andBitumen.

The domestic bulk transportation service industry in India is largely dependent on roadand rail. However rail transportation has its own limitations and is not used by all.Also in order to push road transportation government has allocated Rs. 67000 crore forthe development of national highways in 2017-18. Looking at the growth in volumes of roadtransportation we have associated nearly 5000 trucks along with us and we own 85 trucksof various models.

With the government's initiative of "Swachh Bharat" plastic is beingreplaced mainly with kraft paper in packaging industry. Also with the tremendous growthin the ecommerce market the demand for kraft paper has increased significantly. Lookingto enter this sector we were opportunistic to get into an agreement for 20 years withDamanganga Papers Ltd. to operate and manufacture kraft paper. We are happy to inform youthat we have been performing well in this by utilizing nearly 85% of our productioncapacity. Now our focus is on backward integration for our paper manufacturing unit byentering into waste paper collection/trading business. We feel that in paper industry weare dependent on waste suppliers so now we are focused on starting the waste papercollection/trading.

I complement each and every member of the MLL family for their valuable contribution atall levels during the year. I also take this opportunity to thank all the stakeholders– employees bankers investors customers suppliers government authoritiesregulators and the management team for their support & association with MLL and I lookforward to a positive interaction with all in the days to come.

Yours Sincerely

Mr. Vinay Maheshwari

Chairman