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Sungold Capital Ltd.

BSE: 531433 Sector: Financials
NSE: N.A. ISIN Code: INE271D01013
BSE LIVE 15:15 | 13 Dec 2.07 -0.10
(-4.61%)
OPEN

2.22

HIGH

2.22

LOW

2.07

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 2.22
PREVIOUS CLOSE 2.17
VOLUME 4000
52-Week high 2.22
52-Week low 0.98
P/E
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.07
Sell Qty 7385.00
OPEN 2.22
CLOSE 2.17
VOLUME 4000
52-Week high 2.22
52-Week low 0.98
P/E
Mkt Cap.(Rs cr) 4
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.07
Sell Qty 7385.00

Sungold Capital Ltd. (SUNGOLDCAPITAL) - Chairman Speech

Company chairman speech

SUNGOLD CAPITAL LIMITED ANNUAL REPORT 2011-2012 CHAIRMAN'S REPORT Dear fellow shareholders, Today, SUNGOLD CAPITAL LIMITED is confidently marching ahead to reach the next level of success. The last five years have been very significant in terms of growth and presence and the year 2011-2012, in particular, has been noteworthy for the company. Financial Performance: The company has significantly increased its revenue and there has been tremendous growth in the overall financial performance. The balance sheet remains strong and liquid, enhancing investors value and confidence. The equity of the company has grown; there has been overall increase in the capital. With the infused capital we plan to carry out new aspiring initiatives and undertake expansion & Diversification. Our various investments in different segments have given healthy returns. Operational Performance: The Entertainment segment (SunGold Entertainment) continues to give positive results. The picturisation of the movie is been completed and also the dubbing in Hindi. The division has successfully produced and presented the play 'Gulam raja ne hu' which was appreciated by the audiences open heartedly. In coming year SunGold Entertainment is going to produce 3 films in Hindi, Gujarati and Telugu. Also launch its midyear calendar for 2012-2013. SunGold Entertainment is poised for stupendous growth in the areas of Media & Entertainment. Mergers & Acquisitions: We have successfully accomplished the Merger with Magic Touch Infotech Limited. The Hon'ble High Court of Gujarat by its Order dated 20th March, 2012 has approved Scheme of Merger of Magic Touch Infotech Limited with the company. Merger has strengthen and consolidated the position of the Company to develop, concentrate on core competency and expand its business. With Merger the company has entered into new line of business .i.e. Software development leading to higher revenues & profitability. It has created synergy to grow and prosper at a faster pace. The combined managerial and financial resources have enhanced the capability to invest in larger and sophisticated projects to ensure rapid growth and will consolidate the strategic strength. Our company is in process of acquisition of new Pharmaceutical business by acquiring proprietary firm 'Onix Pharmaceuticals' and brings a new invention in pharmaceutical business. On behalf of the Board, I would like to thank our entire employee &, other stakeholders for their contribution to these excellent results. Their commitment and hard work are critical to our performance and ensures we deliver the quality that underpins our reputation. Rajiv Kotia Chairman & Managing Director