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Bansal Roofing Products Ltd.

BSE: 538546 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE319Q01012
BSE 00:00 | 25 Nov 42.00 0
(0.00%)
OPEN

42.00

HIGH

42.00

LOW

42.00

NSE 05:30 | 01 Jan Bansal Roofing Products Ltd
OPEN 42.00
PREVIOUS CLOSE 42.00
VOLUME 3000
52-Week high 45.00
52-Week low 22.55
P/E 6.05
Mkt Cap.(Rs cr) 14
Buy Price 33.60
Buy Qty 3000.00
Sell Price 48.00
Sell Qty 6000.00
OPEN 42.00
CLOSE 42.00
VOLUME 3000
52-Week high 45.00
52-Week low 22.55
P/E 6.05
Mkt Cap.(Rs cr) 14
Buy Price 33.60
Buy Qty 3000.00
Sell Price 48.00
Sell Qty 6000.00

Bansal Roofing Products Ltd. (BANSALROOFING) - Chairman Speech

Company chairman speech

Dear Fellow Shareowners

On behalf of the BRPL's Board of Directors it is my privilege and honor to welcome youall to the 11th Annual General Meeting of Bansal Roofing Products Limited. Thank you foryour valuable presence here today and for your continued support and goodwill that is socritical to the success of our company. It is with great pride and pleasure that I reportto you at the end of a successful Financial Year.

In terms of economic performance in the year under consideration India stood strongamongst its global peers and continues to have a significant growth promise in the future.During the year under review The Company and the industry faced many ups and downs in themarket due to several structural reforms implemented in the country.

Globally too the Steel Industry continues to witness challenging times. Prices of steeland specially Colour coated steel products witnessed upward trend every month throughoutthe year due to the rise in prices of Coal/Fuel and Zinc prices as these have strongimpact on the cost of manufacturing of steel.

As planned sales of Pre Engineered Building segment has improved due to consistentprice rise of steel it was a challenge for us to maintain profitability as the completioncycle (after receipt of order) of PEB is 3 to 4 month. Thanks to the alertness of ourMarketing Accounting PPC team we could complete the projects at reasonable marginswithout incurring any loss. In coming years the management of your company will put inmore efforts to increase the revenue through PEB segment. Hence continuous improvement inmanufacturing facility of PEB will be focused.

I am delighted to report that during this financial year the revenue of the Companyincreased by 35.88% and PAT increased by 88.71% vis--vis previous financial year. TheEBIDTA margin has also increased by 64.38% as compared to previous financial year. It willbe constant endeavor of the Company to improve the performance every year and providebetter returns to the shareholders investments and create a strong Balance sheet that canfund aspirational growth for the Company.

I would like to thank every shareholder of the company for reposing confidence in"BRPL" and overwhelmingly supporting the Rights Issue of the Company.

The directors recommend a dividend of Re. 1/- per share for the year ending March 312019 subject to approval by the shareholders at AGM.

Before I conclude I would like to thank the shareholders Customers and Vendors fortheir consistent and resolute support. I thank all my colleagues on the Board for theirunanimous support and encouragement.

Last but not the least I would be thankful to employees and management team of"BRPL" for their hard work during the year. I look forward to your perpetual andpriceless support in taking the Company to greater heights and new horizons in the future.

Yours Sincerely

Kaushalkuamr S. Gupta

Chairman & Managing Director

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