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D P Wires Ltd.

BSE: 535012 Sector: Metals & Mining
NSE: DPWIRES ISIN Code: INE864X01013
BSE 05:30 | 01 Jan D P Wires Ltd
NSE 00:00 | 26 Nov 215.35 -2.30
(-1.06%)
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D P Wires Ltd. (DPWIRES) - Chairman Speech

Company chairman speech

Dear Shareholders

It is my pleasure to present you the highlights of our Company'sperformance for the financial year ended March 31st 2021. We experienced ayear of continued momentum with stability growth and positive developments across ourCompany. We grew in revenue and increase the current plant capacity from ten thousandmetric tons. Along with that industrial land was also purchased for expansion. Ourmomentum heading into Financial Year 2021 - 22 is even more exciting. We have a strongteam of senior leaders who demonstrate total commitment to growth innovation andcollaboration in creating delight for our clients. We at DP WIRES Ltd have embarked onthis journey into the new Digital Age at an exciting and promising time for us to shapethe future of LRPC Strand Wires Geo membrane Plastic Film Sheet Spring Steel Wires andGalvanized Steel Wires. Backed by your support we will continue to create excellence forour clients across the globe. At this juncture we look back at our nearly two decade longjourney with immense sense of achievement. We started as a small privately run outlet froma small office in Ratlam (M.P.) and grew at a steady pace crossing many milestones duringthis period.

In Financial Year 2020-21 our dedication to create customizedtechnology solutions enabled us to continue our streak of successful business years. Thefocus of the Company is to continue to deliver value to our clients; to add value tobusiness partners; give career & growth opportunities to our team members and growprofitability across businesses ultimately leading to maximization of shareholder value& return.

BUSINESS PERFORMANCE:

The consolidated financial performance for the 12 months ended March 31st2021 is as follows:

• Total revenue from operations at Rs. 46672.22 Lakhs for the yearended March 31 2021 as against Rs. 28386.58 Lakhs for the corresponding previous period.

• PBT of Rs. 3240.87 Lakhs for the year ended March 31 2021 asagainst Rs. 2226.43 Lakhs for the corresponding previous period.

• EPS of Rs. 17.75/- for a face value of Rs. 10/- per share

FUTURE PLANS:

Second Wave of COIVD 19 which started to spread its legs from the monthof February 2021 proved to be more devastating and deadly as compared to first wave. Thespread not only forced the government to declare lockdowns across the states it alsoaffected the financial conditions of the people very badly. The company provided for basicday to day requirements of its workers during second wave of COVID 19 and tried to ensurethat none of employees or workers has to suffer due to lack of resources.

We are continuously monitoring the situation closely and havetaken/continue to take all the measures to comply with the guidelines issued by the localauthorities from time to time to ensure the safety of its workforce at manufacturingplant. The company has ensured proper vaccination of all of its employees and their familymembers. For this purpose the company arranged for camps in the factory

Premises to facilitate timely vaccination of the employees and workersof the company. We hope that with increased vaccination we will be able to fight thepandemic effectively.

Your Company is committed to growing and enhancing its leadership inits business thereby contributing to its underlined objective of maximizing ofshareholders value on a long-term basis.

We are looking forward to the next stage of our shared success. Humancapital remains the core of our success and we have continued and will continue to investconsiderable efforts in this direction. We have a great dedicated team and it is an honorto work with them. Their hard work is not only gratifying but critical for us toaccomplish what we and our shareholders aim to achieve. I am grateful to our wonderfulteam customers employee and shareholders for supporting us and joining us on thisincredible journey going forward.

Thank You
For DP WIRES Limited
Sd/-
ANIL KUMAR MEHTA
Chairman

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