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Sharda Motor Industries Ltd.

BSE: 535602 Sector: Auto
NSE: SHARDAMOTR ISIN Code: INE597I01010
BSE LIVE 15:41 | 17 Nov 2275.40 -56.40
(-2.42%)
OPEN

2370.00

HIGH

2370.00

LOW

2261.05

NSE 15:54 | 17 Nov 2278.75 -48.10
(-2.07%)
OPEN

2354.95

HIGH

2365.25

LOW

2273.30

OPEN 2370.00
PREVIOUS CLOSE 2331.80
VOLUME 793
52-Week high 3099.65
52-Week low 950.10
P/E 19.94
Mkt Cap.(Rs cr) 1,354
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2370.00
CLOSE 2331.80
VOLUME 793
52-Week high 3099.65
52-Week low 950.10
P/E 19.94
Mkt Cap.(Rs cr) 1,354
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sharda Motor Industries Ltd. (SHARDAMOTR) - Chairman Speech

Company chairman speech

Dear Valued Stakeholders

Fiscal year 2016-17 has been a year of positive sentiments for the Indian economy whichcan clearly be measured from the economic measures like reduced inflation and fiscaldeficit. India is now led by a strong and stable government which is capable of takingbold and visionary decisions. It is needless to say that India is passing through a moreeconomically and politically stable phase in the recent history. The Gross DomesticProduct (GDP) in the range of a steady 6.5-7%.

Demonetization period was a difficult phase for the economy; however we welcomed thedecision of the government warm heartedly since it was for the larger good of the country.Other major initiatives taken by the Government of India like bankruptcy lawimplementation of GST ease of doing business focus of infrastructure development etc.are the seeds sown by the government for bright future of the country.

I am very happy to share the performance of the Company in the FY 2016-17 as the NetProfit of the Company has increased by approximate 64% since the last year which is avery healthy sign of achieving the operational efficiency through laborious efforts andcontinuous process development.

It has always been the focus of the management of the Company to increase theshareholder's wealth with every passing year while being a socially responsible citizen.In the coming fiscal year we look ahead to excel in the product quality area withincreased focus on research & development.

I would like to appreciate the hard working and dedicated employees of SMIL who are atthe base of this improved performance and who make it possible to achieve the goals andtargets of the Company with increased efficiency.

Finally on behalf of all the directors and SMIL management I would like to thank toall our customers suppliers bankers professionals associates Central and StateGovernments for their support and assistance.

AJAY RELAN

Company Secretary

Dated : 17th July 2017

Place : New Delhi.