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Disa India Ltd.

BSE: 500068 Sector: Engineering
NSE: GEORGFISCH ISIN Code: INE131C01011
BSE 14:58 | 26 May 5951.05 39.05
(0.66%)
OPEN

6300.00

HIGH

6300.00

LOW

5800.00

NSE 05:30 | 01 Jan Disa India Ltd
OPEN 6300.00
PREVIOUS CLOSE 5912.00
VOLUME 3177
52-Week high 7944.45
52-Week low 4376.00
P/E 34.95
Mkt Cap.(Rs cr) 863
Buy Price 5960.05
Buy Qty 2.00
Sell Price 6095.00
Sell Qty 1.00
OPEN 6300.00
CLOSE 5912.00
VOLUME 3177
52-Week high 7944.45
52-Week low 4376.00
P/E 34.95
Mkt Cap.(Rs cr) 863
Buy Price 5960.05
Buy Qty 2.00
Sell Price 6095.00
Sell Qty 1.00

Disa India Ltd. (GEORGFISCH) - Chairman Speech

Company chairman speech

Dear Shareholder

I would like to take this opportunity to thank all the stakeholders who have providedus with tremendous support guidance and sympathy to deal with a very difficult situationduring the entire year filled with unknown risks and uncertainty. Unfortunately we arenot fully out of it as I pen down this communication. I have not dealt with this level ofuncertainty in my entire career of 25+ years and what we have achieved in this year wouldnot have been possible without the leaders in all levels of the organisation who steppedup to the challenge and delivered during this unprecedented time.

The first two quarters were spent largely on defining new ways of working dealing withfactory shutdowns creating business continuity plans and keeping the employee morale highthrough continuous engagement initiatives. The second half of the year was aboutdelivering all our customer commitments with full force. As a result we could deliver afair business result in the current situation owing to various measures on reorganisationmaterial cost reduction and overall expenses.

During the year we were also able to contain the COVID ig impact on employees to alarge extent by focusing on hygiene and safety measures of highest standards.

We continued our focus on CSR programs by adding a new scholarship program at NationalInstitute of Foundry & Forge Technology Ranchi for B Tech students and had projectengagement with M Tech students for key projects on Digitization at DIL. Apart from theabove we continued to support the students of 8 government schools situated around ourplant location at Tumkur and Hosakote with scholarships.

The second half of the financial year 2020-2021 have been one of the best on OEM and AMorder bookings. Q4 has been highest ever OB quarter in the history of DIL where we bookedorders in excess of 100 Crores. These were primarily from Foundry business to set up newfoundry across India indicating that the capital investment cycle started of well duringthis time. These quarters also witnessed scaled up orders from Middle East (Qatar) andEurope (Turkey). At the end of FY ending March - 2021 we are sitting on the highest everorder booking for DIL.

Due to the second wave of pandemic which hit us around mid of March 2021 we have takensteps to ensure the business continuity. We had already initiated the Hybrid work modelfor the organisation. However keeping in view the employee safety we have put manyemployees on WFH from mid of April 2021 onwards. Our plant operations are running in fullswing owing to the strong order book we have in our pipeline. The biggest challenge wehave is on the materials front where the commodity prices have gone beyond anyimagination. Also we are seeing lot of supply disruptions in smaller MSMEs due to COVIDig impacts. We have and are taking suitable measures to ensure committed deliveries toour customers both in OEM and the AM.

The business impact of Wave 2 of COVID ig is difficult to assess at this moment. Thecompany is taking pre-emptive measures to ensure employee safety and business continuity.We are likely to see a lower AM demand due to lockdown or closures across the countryhowever our OEM business continue to gain momentum. The recovery cycle after Wave 2 may beslower than anticipated as the rural India has been hit badly during this time. We shallbe able to make a more meaningful assessment at the end of Q2 of this FY 2021-22

The COVID ig has impacted each one of us in a prolonged way and has created stressacross the entire population. As I said in the last year's report - it is extremelydifficult to assess how deep and how long this crisis would be accordingly it's difficultto predict anything with certainty at this stage.

I would like to thank our valued customers and stakeholders who have reposed faith inus. This has given us strength and confidence. Our employees are leaving no opportunity tosupport all our customers to ensure that their plants run to efficiency. I would also liketo mention that we are getting extraordinary support from our largest shareholder. TheNorican group in this hour of crisis and I would like to acknowledge it formally in thisreport.

On behalf of the company I take the opportunity to thankyou all for your support as wego in the new year with lot of business and people strength and continue to lead themarkets in India. We are and shall remain committed for enhancing the shareholder's valueas always.

LokeshSaxena

Managing Director

.