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Nitin Fire Protection Industries Ltd.

BSE: 532854 Sector: Engineering
NSE: NITINFIRE ISIN Code: INE489H01020
BSE LIVE 15:47 | 21 Aug 4.58 -0.12
(-2.55%)
OPEN

4.63

HIGH

4.75

LOW

4.49

NSE 15:42 | 21 Aug 4.55 -0.10
(-2.15%)
OPEN

4.75

HIGH

4.75

LOW

4.50

OPEN 4.63
PREVIOUS CLOSE 4.70
VOLUME 128174
52-Week high 37.35
52-Week low 4.49
P/E
Mkt Cap.(Rs cr) 134
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4.63
CLOSE 4.70
VOLUME 128174
52-Week high 37.35
52-Week low 4.49
P/E
Mkt Cap.(Rs cr) 134
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Nitin Fire Protection Industries Ltd. (NITINFIRE) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me great pleasure to meet every year to express the result of the Company. Thedetailed activities undertaken for the financial year ended March 2016 have beencirculated to all of you as Annual Report-2016.

Time of worrisome has passed. India is in the stage of growth as per the projection ofmost of the international and national institutions including World Bank. The growth ininfrastructure will be visible from 2016-17 and onwards as per the announcement of variousGovernment schemes like smart cities 24 hours shopping in malls considering the safetyfrom fire of the human beings both in Industrial sector and in residential. We are alsoable to imagine the development from the regulatory steps of the Government likely to comeinto force i.e; GST Bill and increase in the limit of the foreign direct investments.

Our Company is working in a very important sector and one of the Leading Players in thefield of Fire Fighting Equipments Systems Installation etc. and have carved niche inIndian U.K. UAE Malaysian and Singapore Markets. With sustained all round performancewe are confident of further Global Growth in the succeeding years.

Despite the slowdown in macro economy and recession in various parts of the Worldincluding China we have kept ourselves intact in our results with improvement in thequality of the goods and services in various regions out of our geographical limit.

We are firm with our vision to become one of the leading global players by 2020 and welook forward to achieve the same with your continued confidence support our strong willdetermination and hard work.

Let me end by stating that I have great faith and confidence in the capability of yourCompany's Management and its ability to deliver good results in the future. Also mythanks to our customers dealers vendors and employees who have always done their utmostfor your Company. And my thanks to you dear shareholders for your long and continuedsupport.

Thank you

Sd/-

(Nitin M. Shah)

Chairman