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Universal Autofoundry Ltd.

BSE: 539314 Sector: Engineering
NSE: N.A. ISIN Code: INE203T01012
BSE 14:45 | 20 Feb 56.00 0.50
(0.90%)
OPEN

56.00

HIGH

56.00

LOW

56.00

NSE 05:30 | 01 Jan Universal Autofoundry Ltd
OPEN 56.00
PREVIOUS CLOSE 55.50
VOLUME 2000
52-Week high 80.00
52-Week low 42.00
P/E 14.97
Mkt Cap.(Rs cr) 45
Buy Price 52.50
Buy Qty 2000.00
Sell Price 62.00
Sell Qty 4000.00
OPEN 56.00
CLOSE 55.50
VOLUME 2000
52-Week high 80.00
52-Week low 42.00
P/E 14.97
Mkt Cap.(Rs cr) 45
Buy Price 52.50
Buy Qty 2000.00
Sell Price 62.00
Sell Qty 4000.00

Universal Autofoundry Ltd. (UNIVERSALAUTO) - Chairman Speech

Company chairman speech

Dear Shareholders

I Kishan Lal Gupta welcome all of you to the 7th Annual General Meeting of"Universal Autofoundry Limited". It was indeed a year full of opportunities forour Company and Industry.

In Last financial year we converted to Public Limited Company and Stepped into Capitalmarket By Issuing 2160000 Shares through IPO and got listed on BSE SME Platform on 4th ofSeptember 2015 in addition to this we also issued Bonus Share Prior to IPO.

As if I talk about our Core work OurCompany has taken several remedial measures at alllevels to ensure efficient working to find the ways to reduce the cost of production.These measures include thorough review process and procedures re- examining of strategiesand others. Due to these measures we have been able to maintain the quality of products atlower cost and maintain our position in the market. We always believe in Right Piece onRight Time.

In result of that turnover of the company increased by 33.36% in the financial year2015-2016 as compared to the previous financial year (i.e) 2014-2015.On the other hand wehave also gained in the Export income as compare to previous year.

I would like to mention that your Company is in the process of increasing turnover byincreasing the production through the new machine purchased from the public issue fund andthereby increasing the quantum of profit of the Company.

I would also like to mention that our company have been awarded in the list of IndiaTop 100 SME by India SME Forum we have achieved EEPC award for the Star Exporter andSkoch Award as the Achievers in SME sector. We are continuously appreciated by ourCustomers which itself is a great Achievement.

I also thank my entire Board for their contribution towards Company’s growth andsuccess by providing their intellectual skills.

I personally believe that employees are assets as well as pillars of the Company andwithout them Company would not have attained such position in the market. I salute theirspirit that motivates them to constantly deliver their best and surpass themselves.

Last but not the least I thank all of you for continuing to work with the Company andthere by supporting it in all its endeavours. We will try to serve to better than theBest.

With Best Wishes

KishanLal Gupta