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SEL Manufacturing Company Ltd.

BSE: 532886 Sector: Industrials
NSE: SELMCL ISIN Code: INE105I01012
BSE 15:58 | 22 Jan 3.24 -0.01
(-0.31%)
OPEN

3.21

HIGH

3.34

LOW

3.20

NSE 15:40 | 22 Jan 3.25 0
(0.00%)
OPEN

3.25

HIGH

3.30

LOW

3.15

OPEN 3.21
PREVIOUS CLOSE 3.25
VOLUME 77767
52-Week high 4.45
52-Week low 2.22
P/E
Mkt Cap.(Rs cr) 107
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3.21
CLOSE 3.25
VOLUME 77767
52-Week high 4.45
52-Week low 2.22
P/E
Mkt Cap.(Rs cr) 107
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

SEL Manufacturing Company Ltd. (SELMCL) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my privilege to reach you through this Annual Report and share with you theperformance for the financial year 2016-17. This was a challenging year caused byuncertain global macro-economic situation and the challenges being faced by the Company.

We faced a difficult operating environment due to high debt increased input costssub-optimum utilization of manufacturing facilities and liquidity problems which adverselyaffected the performance of the Company.

However we are fortunate to have been able to retain the talent we see today in theCompany across all disciplines and at all levels and I thank all SEL employees for theirdedication for the SEL Group. We see this as a source of competitive advantage for thebusiness now and in the years ahead and we will continue to invest our resources in takingthese initiatives forward.

We strongly believe in doing business with values such as transparency professionalismand accountability. We will continue to enhance our corporate value by ensuring that allof our business activities are so carried out that we achieve high credibility with ourstakeholders across the globe.

Meanwhile there is need to improve our financial returns and operational effectivenessto which we are trying. Driven by the relentless efforts of all our employees the Companycontinues to lay emphasis on implementation that translates business plans to actions anddeliverables on the ground.

I am grateful to our stakeholders customers vendors lenders and bankers for reposingtheir faith in us employees for their resolve and unstinted devotion our Members on theBoard for their wisdom and continuous support and you our shareholders for reposing trust& faith. Thank you for your support and we hope you continue your association with us.

With best wishes

Ram Saran Saluja Chairman