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Rai Saheb Rekhchand Mohota Spg.& Wvg. Mills Ltd.

BSE: 530047 Sector: Industrials
NSE: MOHOTAMILL ISIN Code: INE313D01013
BSE LIVE 15:42 | 17 Aug 173.95 173.95
(%)
OPEN

158.00

HIGH

180.50

LOW

151.00

NSE 15:59 | 17 Aug 172.60 19.30
(12.59%)
OPEN

153.00

HIGH

180.00

LOW

151.85

OPEN 158.00
PREVIOUS CLOSE 0.00
VOLUME 81115
52-Week high 180.50
52-Week low 47.00
P/E 91.55
Mkt Cap.(Rs cr) 254
Buy Price 173.95
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00
OPEN 158.00
CLOSE 0.00
VOLUME 81115
52-Week high 180.50
52-Week low 47.00
P/E 91.55
Mkt Cap.(Rs cr) 254
Buy Price 173.95
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00

Rai Saheb Rekhchand Mohota Spg.& Wvg. Mills Ltd. (MOHOTAMILL) - Chairman Speech

Company chairman speech

Dear Shareholders

During our journey we have experienced and successfully sailed through several periodsof extreme volatility.

We just closed our financial year 2015-16 on expected lines. During FY 2015-16 yourCompany’s total sales registered a marginal growth of 3.34% and Net profit of Rs.334.50 lacs as against Rs. 214.92 lacs in FY 2014-15.

As we march into the new financial year pinning hopes on favorable economic policiesand improved business scenario it is important for us to introspect more on ourperformance during the last year.

Moving forward we are preparing ourselves for the challenges ahead and plan budgetand strategize our plans to achieve our targets for the Financial Year 2016-17.

I am very optimistic that coming Financial Years are going to be very fruitful with theGovernment giving more thrust on Textile projects. The Government has made a hugebudgetary provision for the textile sector with a package of Rs 6000-crore beingapproved. The Government is taking initiatives such as tax sops and relaxation of labourlaws. It has set a three-year target of 10 million more jobs $30 billion additionalexports and $11 billion fresh investment.

Opening up of textile sector is also going to throw-up more challenges by way ofincreased competition. We need to gear up to face these challenges through building ourcapabilities and remaining competitive by optimizing costs and improving value addition toclients.

Sd/-

Dr. Ranchhoddas Mohota

Chairman