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Continental Petroleums Ltd.

BSE: 523232 Sector: Industrials
NSE: N.A. ISIN Code: INE369D01023
BSE 00:00 | 23 Jul 46.85 -2.05
(-4.19%)
OPEN

48.90

HIGH

48.90

LOW

46.65

NSE 05:30 | 01 Jan Continental Petroleums Ltd
OPEN 48.90
PREVIOUS CLOSE 48.90
VOLUME 2167
52-Week high 63.95
52-Week low 10.00
P/E 11.60
Mkt Cap.(Rs cr) 26
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 48.90
CLOSE 48.90
VOLUME 2167
52-Week high 63.95
52-Week low 10.00
P/E 11.60
Mkt Cap.(Rs cr) 26
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Continental Petroleums Ltd. (CONTPETROLEUMS) - Chairman Speech

Company chairman speech

Dear Shareholders

It is a great pleasure to connect with you at the end of another eventful financialyear 2019-20. We live in a fast -changing times where in more responsive we are to thesechanges the better prepared we will be for the future. Our Customer -centric approachfuture ready strategies and adherence to the core values of Quality Endurance and Passionled us to post our performance so far. The Government “Make inIndia”&“Vocal for Local” policy aims to make India a globalmanufacturing hub in which we are taking steps to contribute our best possible.

The Indian economy has been volatile with uncertain ambiguous and complex businessenvironment. However this poses us challenges and it pushes us to set new benchmarks andstandards for ourselves. We are in the process of making our packed lubricants BS VIspecifications (coming wef 1st April 2020)ready across all range of categories to meet thefuture environment regulations and offer the best products for our customers.

The continuous fluctuation in the Global Crude Oil Prices and geo-political tensionshas seen sharp spike in prices of base oils etc. however we have tried our best tomaintain optimal stock level of base oils & optimal usage of available storage tankspace. Profit from operations grew substantially year on year basis driven by robustworking capital management. EPS (Basic) for the FY 2019-20 is 5.48 compared to FY 2019-18was 2.90. We have expanded our customer base in the manufacturing segment throughIndustrial Lubricants which include Metalworking Rubber Process Oils & specialitylubricants through a value selling approach.

The year also saw us to enhance our existing capacities of grease manufacturing by100%.Common Treatment Disposal /Incineration Facility (CTDF)has been modernized &capacity has been expanded from 4500 MTA to 6030 MTA for various Industrial waste feedsviz. Solid Liquid and Aqueous Wastes after obtaining Environmental Clearances from theMinistry of Environment & Forest. We see revenues to increase in this segment in thecoming FY 2020-21.“Clean and Green Policy” forms an integral part of theCompany's culture & operations.

We have invested in the high precision quality control and product developmentlaboratory to meet global standards & OEM expectation. We hope to get the laboratoryNABL accreditation. We remain highly enthusiastic to tap into the awaiting opportunitiesand continuously look out for newer business avenues.

Through all these efforts we are committed to prepare your Company for the future anddeliver sustainable value for our various stakeholders & shareholders. We extend ourgratitude to B2B customers distribution partners suppliers bankers and our supportivefraternity of shareholders for their continuous trust and support. We continue to rely onyour whole -hearted support as we pledge to drive your company to a future with highperformance and success.

Madan Lal Khandelwal

.