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Bhandari Hosiery Exports Ltd.

BSE: 512608 Sector: Industrials
NSE: BHANDARI ISIN Code: INE474E01029
BSE 15:05 | 28 Nov 4.83 0.05
(1.05%)
OPEN

4.70

HIGH

4.85

LOW

4.70

NSE 14:54 | 28 Nov 4.85 0.10
(2.11%)
OPEN

4.85

HIGH

4.85

LOW

4.70

OPEN 4.70
PREVIOUS CLOSE 4.78
VOLUME 73730
52-Week high 15.04
52-Week low 4.22
P/E 11.23
Mkt Cap.(Rs cr) 71
Buy Price 4.83
Buy Qty 1444.00
Sell Price 4.84
Sell Qty 17164.00
OPEN 4.70
CLOSE 4.78
VOLUME 73730
52-Week high 15.04
52-Week low 4.22
P/E 11.23
Mkt Cap.(Rs cr) 71
Buy Price 4.83
Buy Qty 1444.00
Sell Price 4.84
Sell Qty 17164.00

Bhandari Hosiery Exports Ltd. (BHANDARI) - Chairman Speech

Company chairman speech

Dear Shareholders

I have great pleasure in presenting the Twenty Ninth Annual Report andAudited Financial Statements for the financial year ended 31st March 2022. Theyear 2021-22 has been challenging time with lower GDP growth as the world is recoveringfrom global pandemic novel Corona Virus.

In terms of business the lockdown in various nations has affected thebusiness and growth during the first and fourth quarter. The Indian Textile & ApparelIndustry has maintained a stable trend during the year 2021-22. Sale of exports of thecompany was also increased as compared to previous year.

During the year 2021 -22 your Company was able to achieve turnover ofRs. 28343.63 Lacs as against Rs. 22606.49 Lacs in the previous year showing an increaseof 25.37% over the previous year. The Profits after Tax of the Company for the year ended31.03.2022 has been at Rs. 627.01 Lacs as against Rs. 166.89 Lacs in the previous yearshowing an increase in profit of 275.63% in comparison to the previous year.

When it comes to the current global scenario with respect to apparelmanufacturing it is advantage to India. With sanctions enforced and trade war with Chinathe US market is becoming favorable and more opportunistic to Indian Textile Sector. Dueto such events business of US Inc. is being shifted to the India during the year. Wecontinue to monitor these developments with respect to our risks and opportunities.

Our success and growth greatly depends on the skills and dedication ofour employees co-operation of our Bankers and other business constituents whom I wouldlike to thanks sincerely. I am looking forward to another exciting year ahead.

During the year company take effective steps to complete vaccination ofits employees and workers. With the help and co-operations of all we go through thatphase positively and continue our work with required precautions at our unit.

Finally I take this opportunity to thank all the Company'sstakeholders for their confidence in Bhandari Hosiery Exports Ltd. and look forward fortheir continued support in the years to come.

Warm Regards
Sd/-
Nitin Bhandari
Chairman & Mg. Director

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