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Akshar Spintex Ltd.

BSE: 541303 Sector: Industrials
NSE: N.A. ISIN Code: INE256Z01017
BSE 00:00 | 19 Feb 10.00 0
(0.00%)
OPEN

10.05

HIGH

10.05

LOW

10.00

NSE 05:30 | 01 Jan Akshar Spintex Ltd
OPEN 10.05
PREVIOUS CLOSE 10.00
VOLUME 6000
52-Week high 23.90
52-Week low 9.85
P/E 11.11
Mkt Cap.(Rs cr) 25
Buy Price 10.00
Buy Qty 3000.00
Sell Price 10.25
Sell Qty 3000.00
OPEN 10.05
CLOSE 10.00
VOLUME 6000
52-Week high 23.90
52-Week low 9.85
P/E 11.11
Mkt Cap.(Rs cr) 25
Buy Price 10.00
Buy Qty 3000.00
Sell Price 10.25
Sell Qty 3000.00

Akshar Spintex Ltd. (AKSHARSPINTEX) - Chairman Speech

Company chairman speech

Dear Share Holders

It gives me immense pleasure to present the Annual Report for the financial year2018-19 before you. In present year the turnover of the Company has crossed the magicfigure of 100.00 Crore. However there is a long run to go in the path of progress. TheManagement always looking forward to convert this magical figure to a milestone figure.

Generally while working any entity has to face various problematic situations likeEconomical Social Technological Environment and Legal. Further as an externalchallenge sometimes the company has to face Political Situation. The government policy isaffecting the working of company in very big manner. To cop-up with challenges which iscreated by all these various conditions any entity need a better Team. The proper Teamwork can handle any situation in very effective manner. And as a Pivot management personI am very happy to say that I am a part of such best team at Akshar.

We at Akshar with our team collectively work to give the best to the society. TheCompany always believes that creativity thrives when people work together as a team.Devising ideas as a group prevents fusty viewpoints that often come out of working solo.Combining unique perspectives from each team member creates more effective solutions forevery condition that arose while working in various conditions. Teamwork also maximizesshared knowledge in the workplace and helps you learn new skills. Team work encouragesemployees to feel proud for their contributions. Tackling hindrances and creating notablework together makes team members feel fulfilled. Working toward achieving company goalsallows employees to feel connected to the company. This builds loyalty leading to ahigher level of job satisfaction among employees.

I further strongly believe that teamwork is not just helpful for employees. It benefitsthe employer in the long run as well. Employees that connect directly with their workplaceare more likely to stay with the company. There are two common reasons for job leaving byemployee. One is lacking of prominent salary and another common complaint is that theircontributions do not seem to matter. Teamwork allows people to engage with the company andadd to the bigger picture. Working as a team allows team members to take more risks asthey have the support of the entire group to fall back on in case of failure. Converselysharing success as a team is a bonding experience. Once a team succeeds together theirbrainstorming sessions will produce revolutionary ideas without hesitation. In many casesthe riskiest idea turns out to be the best idea. Teamwork allows employees the freedom tothink outside the box. Because of proper teamwork the company has succeed in achieving itsgoal. I as a Key Managerial Personnel I always appreciative for teamwork of the companyat all level. I would like to place on record sincere gratitude and appreciation towardsthe employees for their hard work cooperation and dedication at all levels during theyear.

I would also like to convey sincere gratitude towards our customers shareholderssuppliers as well as bankers regulatory and government authorities for their continuedsupport.

At the end I again wish to thank real owner - the shareholders of the company for theirtrust in us. This motivation helps us to shine persistently and create the real value foryour investment. I would also like to thank my colleagues on the Board for their valuableguidance and contribution in steering the Company to greater levels of achievement. I amthankful to our Banker for their continuous co-operation during the previous year. Furtherat last I want to say thank to our customers without which we cannot ever dream about theprogress. And Above all I would like to place on record the commendable efforts andcommitments shown by Our Employees- Our Team who have always contributed their best forthe Company to set new benchmarks. We all together will try to achieve our progress charton historical level.

At Last I would like to conclude with this quote:

Coming together is a "beginning keeping together is "progress"; workingtogether is "success".

sdl-

ASHOK S BHALALA

Chairman & Managing Director