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SEL Manufacturing Company Ltd.

BSE: 532886 Sector: Industrials
NSE: SELMCL ISIN Code: INE105I01012
BSE LIVE 14:55 | 21 Sep 2.51 -0.13
(-4.92%)
OPEN

2.60

HIGH

2.65

LOW

2.51

NSE 15:43 | 21 Sep 2.55 -0.10
(-3.77%)
OPEN

2.65

HIGH

2.65

LOW

2.50

OPEN 2.60
PREVIOUS CLOSE 2.64
VOLUME 53520
52-Week high 4.45
52-Week low 2.37
P/E
Mkt Cap.(Rs cr) 83
Buy Price 2.51
Buy Qty 5600.00
Sell Price 2.57
Sell Qty 10000.00
OPEN 2.60
CLOSE 2.64
VOLUME 53520
52-Week high 4.45
52-Week low 2.37
P/E
Mkt Cap.(Rs cr) 83
Buy Price 2.51
Buy Qty 5600.00
Sell Price 2.57
Sell Qty 10000.00

SEL Manufacturing Company Ltd. (SELMCL) - Chairman Speech

Company chairman speech

Dear Shareholders

My heartiest greetings to you all on behalf of SEL. India's economy is slowly gainingmomentum with an expected GDP growth. Despite some delays in domestic policy reforms andenduring fragilities in the banking system investment demand is supported by the monetaryeasing cycle rising FDI and government efforts towards infrastructure investments andpublic-private partnerships.

Let me at the outset sincerely thank each one of you for your unstinted support andcooperation without which your company would not have been able to pass through thedifficulties. For SEL the main challenge is to stay immune to the external pressure inthe business environment.

There were some headwinds in the business environment for your Company. Sub-optimumutilization of manufacturing facilities due to

financial crunch led to adverse financial performance. However we are hopeful inimproving the operational efficiency of our business.

We look forward towards building happy communities and a sustainable future. TheCorporate behaviour needs to be a reflection of how society perceives. We have maintainedthat to build a strong business we need to make our employees own the business whether inthe form of a belief in the value of SEL. We are fortunate to have been able to attractthe talent we see today in the Company across all disciplines and at all levels and Ithank all SEL employees for their dedication.

We are staring at a crucial juncture of addressing climatic and environmental changesand conservation of natural resources. We believe in the idea of sustainable developmentthrough conservation of natural resources economic and social development andenvironmental protection. We have always anticipated changes and adapted ourselves to theenvironment without compromising on our core values. We ensure that our operations haveminimal impact on the environment and our host communities.

Lastly I am grateful to our stakeholders customers vendors lenders and bankers forreposing their faith in us employees for their resolve and unstinted devotion ourMembers on the Board for their wisdom and continuous support and you our shareholders forreposing trust & faith. Thank you for your support and we hope you continue yourassociation with us.

With best wishes

Ram Saran Saluja

Chairman