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Century Enka Ltd.

BSE: 500280 Sector: Industrials
NSE: CENTENKA ISIN Code: INE485A01015
BSE 00:00 | 09 Dec 424.55 -8.50
(-1.96%)
OPEN

432.40

HIGH

433.70

LOW

423.90

NSE 00:00 | 09 Dec 425.30 -7.80
(-1.80%)
OPEN

433.10

HIGH

435.00

LOW

423.60

OPEN 432.40
PREVIOUS CLOSE 433.05
VOLUME 1734
52-Week high 671.95
52-Week low 381.00
P/E 5.58
Mkt Cap.(Rs cr) 928
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 432.40
CLOSE 433.05
VOLUME 1734
52-Week high 671.95
52-Week low 381.00
P/E 5.58
Mkt Cap.(Rs cr) 928
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Century Enka Ltd. (CENTENKA) - Chairman Speech

Company chairman speech

I would like to express my gratitude to all the stakeholders for yourimmense support and trust on us.

Dear Stakeholders

I hope you and your families are doing well and keeping good health.The year gone-by has indeed been taxing given the raging pandemic. FY22 has been a toughyear globally. It was no different in India. Just when there was hope for getting back onthe recovery track the emergence of new and deadlier COVID-19 variants put the brakeswhich resulted in a severe economic disruption. Fortunately its impact on the economy wasnot as crippling as the first wave with vaccinations gaining pace.

The economy witnessed a turnaround from Quarter 2 onwards. Backed bymassive fiscal and monetary initiatives robust consumer spending and a better businessfront we witnessed the resurgence of the economy. India?s GDP is estimated to haveexpanded over 8.5% in FY22 vis-?-vis a contraction of 6.6% in FY21.

The resilience of our employees and the team at CEL bolstered thegrowth of your Company and reported a remarkable progress compared to the previous year.FY22 has been a record year for your Company with highest ever volumes in both theproducts i.e. Nylon Tyre Cord Fabric (NTCF) and Nylon Filament Yarn (NFY) along withoverall profitability. I am happy to record that work on the ambitious expansion projectsundertaken by your Company is well under way.

Our vision is to be the leader in the business of tyre reinforcementand man-made textile yarn with a clear focus on compliance preserving the capital andvalue creation for investors and stakeholders through responsible sustainable business.Profitable growth diversification and opportunity-based expansion is always on yourCompany?s radar. While doing so we are extremely environment-sensitive conscious ofour obligations to our multiple stakeholders and factoring all aspects of governancetransparency as well as accountability. This year our Company has taken a step forward inour Environmental Social and Governance (ESG) journey. We have engaged with keystakeholders to understand issues material to them. This has helped in charting thedirection for our sustainability endeavours. This year?s Integrated Annual Reportpresents the financial and ESG performance of your Company.

I would like to thank all of our colleagues for their invaluablecommitment and dedication and all of you our stakeholders for your support. The trustand faith reposed by all of you in your management is deeply valued.

Here?s wishing you all a great year ahead. Best regards

Rajashree Birla
Chairperson

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