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Sugal & Damani Share Brokers Ltd.

BSE: 511654 Sector: Financials
NSE: N.A. ISIN Code: INE309D01011
BSE LIVE 14:15 | 23 Nov 12.16 -0.51
(-4.03%)
OPEN

12.67

HIGH

12.67

LOW

12.16

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 12.67
PREVIOUS CLOSE 12.67
VOLUME 518
52-Week high 14.91
52-Week low 6.65
P/E 4.69
Mkt Cap.(Rs cr) 8
Buy Price 12.15
Buy Qty 499.00
Sell Price 12.67
Sell Qty 382.00
OPEN 12.67
CLOSE 12.67
VOLUME 518
52-Week high 14.91
52-Week low 6.65
P/E 4.69
Mkt Cap.(Rs cr) 8
Buy Price 12.15
Buy Qty 499.00
Sell Price 12.67
Sell Qty 382.00

Sugal & Damani Share Brokers Ltd. (SUGALDAMANI) - Chairman Speech

Company chairman speech

1996 SUGAL & DAMANI FINLEASE LIMITED CHAIRMAN'S SPEECH Ladies & Gentlemen, It gives me a great pleasure to extend a warm welcome to all of you to the Third Annual General Meeting of your Company. The Directors' Report and the Annual Accounts for the year ended 31st March, 1996 have been with you for some time from now. With your kind permission, I take them as read. FINLEASE PERFORMANCE IN 1995 - 96: Your Company has registered satisfactory growth in the year under review. The HP disbursements amounted to Rs.300.03 lakhs as against Rs. 275.52 lakhs in the previous year. The stock on hire as on 31.3.96 was Rs. 469.03 lakhs as against Rs. 356.37 lakhs as on 31.3.95. Under leasing, the Company did business to the extent of Rs. 65.50 lakhs during the year as against Rs. 35.30 lakhs in the previous year. BUSINESS OUTLOOK: Industrial liberalisation measures taken by the Government of India and the relaxations during the year have activated the Indian economy. It is heartening to note that the just formed United Front Government has made repeated assurances to continue to-pursue the earlier liberalisation policies leading to globalisation, privatisation, market led economy and active competition. It is anticipated that overall industrial and economic climate will result in further business growth. Your Company will also stand to be benefited. It is fervently hoped that your Company will significantly improve its volume of business in the year 1996 - 97. CONCLUSION: Before I conclude, I wish to thank on behalf of the Board members and also on my own behalf the employees, the business associates and the Bankers of the Company for their cooperation and assistance during the year. My sincere thanks are due to my colleagues on the Board for the excellent guidance and positive contribution. Above all, my colleagues and I are grateful to the shareholders of the Company for their continued support. G.N. DAMANI Chairman Place : Madras Dated : 6th September, 1996.