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Sharda Motor Industries Ltd.

BSE: 535602 Sector: Auto
NSE: SHARDAMOTR ISIN Code: INE597I01010
BSE LIVE 15:40 | 22 Sep 2679.55 -59.35
(-2.17%)
OPEN

2724.00

HIGH

2730.00

LOW

2664.00

NSE 15:41 | 22 Sep 2666.50 -71.75
(-2.62%)
OPEN

2728.95

HIGH

2728.95

LOW

2650.00

OPEN 2724.00
PREVIOUS CLOSE 2738.90
VOLUME 219
52-Week high 3099.65
52-Week low 950.10
P/E 23.48
Mkt Cap.(Rs cr) 1,594
Buy Price 0.00
Buy Qty 0.00
Sell Price 2679.55
Sell Qty 23.00
OPEN 2724.00
CLOSE 2738.90
VOLUME 219
52-Week high 3099.65
52-Week low 950.10
P/E 23.48
Mkt Cap.(Rs cr) 1,594
Buy Price 0.00
Buy Qty 0.00
Sell Price 2679.55
Sell Qty 23.00

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.