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Evans Electric Ltd.

BSE: 542668 Sector: Engineering
NSE: N.A. ISIN Code: INE06TD01010
BSE 00:00 | 17 Jul Evans Electric Ltd
NSE 05:30 | 01 Jan Evans Electric Ltd
OPEN 205.00
PREVIOUS CLOSE 200.00
VOLUME 1500
52-Week high 300.00
52-Week low 115.00
P/E 27.14
Mkt Cap.(Rs cr) 27
Buy Price 176.00
Buy Qty 500.00
Sell Price 204.00
Sell Qty 500.00
OPEN 205.00
CLOSE 200.00
VOLUME 1500
52-Week high 300.00
52-Week low 115.00
P/E 27.14
Mkt Cap.(Rs cr) 27
Buy Price 176.00
Buy Qty 500.00
Sell Price 204.00
Sell Qty 500.00

Evans Electric Ltd. (EVANSELECTRIC) - Chairman Speech

Company chairman speech

It is my previlege to present the Annual Report of your company post listing and I amextremely honoured as I write my first letter to our valued shareholders.

The transformation in economic & business environment is bound to change the way weoperate and create wealth for our shareholders Holdings on to our strengths & buildingnew ones our team of employees is resolutely focused on achieving our immediate target ofachieving scale with speed.

This is a historic moment for your company to move to the next level of sustainedperformance by converting the potential opportunities into success stories. Therefore yourcompany has embarked on a transformational journey of "Creating Evans of Tomorrow".With this objective of enhancing responsiveness to emerging opportunities building newlevels of robustness & laying foundation for a sustainably rising Evans.

Initiatives taken in the recent past have resulted in significant progress in enhancingprofitability & productivity reinforcing our leadership in our area of operations

The true growth of any organization is seen in the growth of its employees customersbusiness partners and shareholders. on the highway to success we have always up held oncommitment to the society environment & good governance.

Challenges inspire us. Challenges lead us to develop new ideas. New ideas result inpath breaking technologies products & services.

Our passion for excellence excites us. It gives rise to new ideas. It creates newpartnerships opens new opportunities. We are on the path of high growth supported byextremely encouraging future business prospects.

We are fully geared to take on new challenges and continue to excel in all spheres.

While the optimistic outlook is encouraging it is also important to identity what areasare fuelling growth today-If India is to raise annual growth to over to 8% there is nodenying that it is the manufacturing sector that will be the driver of India's economicgrowth which needs to move up to double digits.

All these developments & plans promise exciting times at Evans & I am sure thatwe will build further on our past accomplishments & scale new heights in the yearsahead.

India is the fastest growing major economy in the world. It is envisaged to emerge as aUS $ 5 trillion economy by 2025 & US $ 10 trillion by 2030 supported by demographicdividend technology developments & economic reforms. This catapults' to homogenousdemand & opportunities in our area of operations.

Our track record of delivery has been achieved within a framework of strong financialdiscipline focusing on operational expansion to a continuous focus on high levels of cashgeneration

All these developments & plans promise exciting times at Evans & I am sure thatwe will build further on our past accomplishments & scale new heights in the yearsahead.

All our employees have proven it time and again that they can achieve their goals withsuch a strong foundation there is no doubt that our company is entering a new phase ofgrowth one with optimism& the will to succeed

Aspirations in our journey cannot be achieved without acknowledging dedicated &committed efforts of each and every member of Evans family. I would like to expresssincere thanks & gratitude to our esteemed customers & other business partners forcontinued confidence in us. Our employees for their passion & perseverance members ofthe Board for their guidance & you our shareholders for support & trust in thecompany. Today with a proven track record of 68 years the organisation has grown and stillremains India's leading & most reputed name in Electric Rewinds Redesigns &Repairs.

Ivor D'souza Chairman.

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