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W H Brady & Co Ltd.

BSE: 501391 Sector: Others
NSE: N.A. ISIN Code: INE855A01019
BSE LIVE 15:40 | 14 Dec 234.95 -1.95
(-0.82%)
OPEN

234.95

HIGH

234.95

LOW

234.90

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 234.95
PREVIOUS CLOSE 236.90
VOLUME 105
52-Week high 288.80
52-Week low 128.05
P/E 21.11
Mkt Cap.(Rs cr) 60
Buy Price 0.00
Buy Qty 0.00
Sell Price 234.95
Sell Qty 50.00
OPEN 234.95
CLOSE 236.90
VOLUME 105
52-Week high 288.80
52-Week low 128.05
P/E 21.11
Mkt Cap.(Rs cr) 60
Buy Price 0.00
Buy Qty 0.00
Sell Price 234.95
Sell Qty 50.00

W H Brady & Co Ltd. (WHBRADY) - Chairman Speech

Company chairman speech

Chairman

Dear Shareholder,

It is my privilege and honour to address this august gathering on this very specialoccasion of the company celebrating 100 years of its existence. It is an emotional momentand a matter of pride to be the Chairman & Managing Director of the company during itsCentenary year. This was only possible due to the blessing and guidance of my late father,Shri. G. D. Morarka. His memory and legacy has always been and continues to be a greatpillar of strength and support in my life.

This journey would have not been possible without the extraordinary and special supportof my colleagues on the Board.

I want to express my sincere gratitude to my colleagues; Mr. Pinaki Misra, Sr. Counsel,Member of Parliament, Lok Sabha (Puri), Mr. K. D. Shah, leading Chartered Accountant andan expert in all matters in Audit and Taxation AND Mr. Prakash Mehta, Solicitor and aneminent Lawyer of the Bombay Bar.

I would also like to acknowledge my sincere thanks to all our Employees, Vendors,valued Customers and our Bankers; Bank of Baroda.

Friends, it may be interesting for you to know that the company was promoted/started bySir Joseph Kay and Mr. W. H. Brady. The reigns were passed on later to Shapoorji PallonjiGroup, who played an important role in the company’s progress. Shapoorji PallonjiGroup had the proud privilege to celebrate the Golden Jubilee of the company and now I amfortunate enough to celebrate the Centenary year along with all of you. My late fatherShri. G. D. Morarka acquired the company in the year 1968 from late Shri. ShapoorjiMistry, father of Shri. Pallonji Mistry and grandfather of Shri. Cyrus Mistry, who todayheads the Tata Empire. I would like to pay a special tribute to the late Shri. ShapoorjiMistry and extend my warmest regards to Shri. Pallonji Mistry and sincere thanks to Shri.Cyrus Mistry and also his brother Shri Shapoor Mistry.

Bradys’ journey has been an extraordinary one. All of you would be pleased to knowthat the company started its operation with an office in Bruce Street - Mumbai.Thereafter, the Company undertook the following activities:

• Started a Textile Dyeing Plant in India

• Opened a Branch Office in Manchester, UK

• Started an Insurance Company In India

• Started a Petrol Engine driven tram in India under the aegis of Nasik TramwayCo.

• Constructed ten identical three storeyed buildings called 'BRADY FLATS' inColaba, Mumbai, which is not only recognized as a heritage area, but is also linked to theurban and economic history of Mumbai

• Participated in the National Freedom Movement by being one of the firstCorporates to make a significant donation to the Indian National Congress

• Started an Automated Sugar Factory in Belapur

• Became one of the largest Independent Houses in India dealing in importedMachineries and Equipment

Presently, our Company along with its Group Companies is engaged in the followingareas:

1 Manufacturing and Marketing of Material Handling Equipment

2 Offering Aviation Support Services & Equipment

3 Providing Property Facilities Management

4 Importing Engineering and Allied Products

The company has gone through several changes over a period of time. I am hopeful thatwith the continued valuable support of you all, our company will make rapid progress intimes to come. My son, Vaibhav Morarka was appointed as a Director on the Board of thecompany on 26th July, 2013. He is also the Executive Director of Brady & MorrisEngineering Co. Ltd. He has done his Masters from Wharton Business School, University ofPennsylvania. I am hopeful that he would also continue to enjoy the same affection andsupport as I have been receiving from all of you. I am confident that in the years ahead,he would take this company to new heights and would make all of you very pleased and proudof being a part of this great Brady family.

Thanking all of you for your overwhelming support at all times.

Warmest regards,

Pavan G Morarka