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Bhansali Engineering Polymers Ltd.

BSE: 500052 Sector: Industrials
NSE: BEPL ISIN Code: INE922A01025
BSE 09:27 | 22 Mar 73.95 0.40
(0.54%)
OPEN

73.40

HIGH

74.30

LOW

72.40

NSE 09:19 | 22 Mar 74.20 0.45
(0.61%)
OPEN

74.20

HIGH

74.35

LOW

72.20

OPEN 73.40
PREVIOUS CLOSE 73.55
VOLUME 8708
52-Week high 224.40
52-Week low 57.00
P/E 17.00
Mkt Cap.(Rs cr) 1,227
Buy Price 73.75
Buy Qty 147.00
Sell Price 74.00
Sell Qty 247.00
OPEN 73.40
CLOSE 73.55
VOLUME 8708
52-Week high 224.40
52-Week low 57.00
P/E 17.00
Mkt Cap.(Rs cr) 1,227
Buy Price 73.75
Buy Qty 147.00
Sell Price 74.00
Sell Qty 247.00

Bhansali Engineering Polymers Ltd. (BEPL) - Chairman Speech

Company chairman speech

Dear Shareholders

I feel happy and honored in presenting the Annual Report of Company for the Fiscal 2018which marked an extremely satisfying performance. The Company performed outstandingly inall its parameters namely capacity utilization Turnover PBDIT and Net

Profit. The production rose by 26.38 % to approximately 65008 tonnes Gross turnoverto Rs 1204.55 crores PBDIT rose by 133.66 % to 168.12 Crores and the net profit to Rs.99.64 crores compared to net profit of Rs 35.63 Crores in F.Y. 2016-17. It has beenpossible because of the leadership of the Managing Director Shri B. M. Bhansali hiscompetent and sincere team and the encouragement received from the Shareholders. The Boardof Directors also made its contribution by guiding the affairs of the company and byproviding needed inputs from time to time.

The overall economic scenario in the country has been quite encouraging and with aconsistent 7% or higher growth in the GDP on an annual basis we all have reason to feelinspired. We are today world's sixth largest economy with a GDP of US $ 2.6 Trillion. Weare likely to overtake France the 5th in line shortly. It is estimated that the GDP ofIndia will attain a level of US $5 Trillion by 2025 and when that happens we will be thethird largest economy in the world after USA and China. In terms of PPP this GDP of US $5

Trillion will certainly mean much more.

The next Lok Sabha elections are due in May 2019. One speculation is that these may beadvanced by a couple of months. One thing is for sure that the next union budget would belast budget of the present government. That being so it is quite likely that certainmeasures may be announced through the budget which would improve the ease of business likefurther rationalization of GST reduction in Tariffs easing Inter-State movement of Goodsand Services Impetus to exports and imports and encouragement to new start ups. Theselikely incentives coupled with the growth in the automobile sector and the government'scommitment to double the farmers income by 2022 augurs well for the Petro Chemicalsectors particularly ABS manufacturers.

In this background the proposed green field project with a capacity of 200 KTPA isboth timely and essential. The management team is already scouting for suitable land forthe project and other details have been worked out.

Before closing I would like to refer to an unfortunate incident which occurred in theSatnoor plant of the company on 29th April 2018 when fire broke out in the F&D sectionwhere HRG powder is produced. Investigation revealed that it was an unfortunate accidentalfire which has resulted in some damage to the equipment and two workmen also perished inthe fire. This happened in spite of the precautions taken by the management. Nonetheless ateam of Managers Technicians and Experts led by the Managing Director have been checkingeach segment so that there is no recurrence. Naturally we have filed a claim with theInsurance Company. There has been a temporary setback but we would recover quickly. Theresults of the first quarter have been rather subdued but things are looking up and themanagement is confident of a good performance during the current year. The ManagingDirector Shri B. M. Bhansali believes in leading the company from the front and I wouldlike to place on record our deep appreciation for the efforts put in by him hismanagement team the workers of the Company and above all the moral support andencouragement received from our esteemed shareholders in managing the affairs of theCompany.

I wish all of you a great time ahead.

With Best Wishes

M. C. Gupta

Chairman