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Artefact Projects Ltd.

BSE: 531297 Sector: Engineering
NSE: N.A. ISIN Code: INE885B01014
BSE 00:00 | 25 Jan 72.75 -0.45
(-0.61%)
OPEN

70.05

HIGH

75.90

LOW

70.05

NSE 05:30 | 01 Jan Artefact Projects Ltd
OPEN 70.05
PREVIOUS CLOSE 73.20
VOLUME 6489
52-Week high 88.00
52-Week low 28.25
P/E 20.15
Mkt Cap.(Rs cr) 53
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 70.05
CLOSE 73.20
VOLUME 6489
52-Week high 88.00
52-Week low 28.25
P/E 20.15
Mkt Cap.(Rs cr) 53
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Artefact Projects Ltd. (ARTEFACTPROJECT) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my privilege to write to you on this occasion of 32nd formation yearof the Company. Artefact Projects Ltd. established in October 1987. Your Company wasGuided by the vision and advice of its Promoters who are business leaders and expertProject Professionals.

We continued our focus on our values entrepreneurial agility customer-centricity andsocial responsibility - all of which are direct outcomes of the promoter's vision andleadership. Building upon the accomplishments of the promoters is a humbling andinspiring experi ence.

"Hope can be a powerful force especially in difficult times." Today theworld is facing the coronavirus crisis a pandemic that has changed life for millions ofpeople. It has permanently redefined the way of work and new life hereafter.

Your company prioritized the health and safety of its employees by fully adopting thepreventive measures and guidelines issued from to time by the Central State and Localauthorities for the health and safety of all the employees. We switched to virtualmeetings work review and Work from Home during lockdown.

Our project sites located at remote rural locations are substantially operational.

We are witnessing massive shift for digitization to collaborate for work on onlineplatforms and to set a new norm of working. We are all progressing towards completedigitization which will be a big positive outcome of the pandemic.

It gives me pleasure to share with you an update on the performance of your Company forthe year 201920. In this challenging business environment your Company earned GrossRevenues from operations increased to Rs. 3352.05 lacs as compared to Rs.2388.15 Lacs inthe last fiscal year. The increase was a substantial 40.4%. The PAT rose from Rs.132.25lacs to Rs. 359.19 lacs (an increase of 171 %) even after making provision for Debt writeoff of Rs. 429 lacs during the year.

During the year the company bagged Project Assignments orders of value of Rs. 19.75crores in the year and was eligible for number of Projects bid by the company. It's abenefit of Revenue Visibility of 1 year to all the Shareholders. With large nu mber ofProjects coming up for bidding your Company expects a sizeable order book to meetBusiness and Revenue targets for next 3 to 4 Years. The Company plans to expand itspresence in similar infrastructure verticals to ensure future growth alongwith financialconsolidation.

We believe that the long term view on infrastructure growth shall remain positive.

To expand our potential we intend to expand our presence in allied verticals ininfrastructure Coming years. In 2019-20 the share price of Artefact rose from Rs.23.85/-upto Rs.52.45/- per share.

Our Endeavors shall be to now consolidate at each stage of growth milestones toincrease the stakeholders' value. We seek the Valuable Contribution of all ourstakeholders to lead the Company's business in future to greater heights.

Sincerely

Sd/-

Sidd harth Shah Whole Time Director

Date : 1st September 2020 Place : Nagpur

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