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Five Core Electronics Ltd.

BSE: 535081 Sector: Engineering
NSE: FIVECORE ISIN Code: INE574Z01013
BSE 05:30 | 01 Jan Five Core Electronics Ltd
NSE 00:00 | 22 Mar 84.00 1.95
(2.38%)
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Five Core Electronics Ltd. (FIVECORE) - Chairman Speech

Company chairman speech

Dear Stakeholders

I on behalf of entire 5 Core Family take this opportunity to thank our valuedStakeholders whose continued patronage and confidence in our products inspires us toextend the best of services and enable us to provide value for their money.

The financial year 2017-18 was very good for the Company. During the year Company hasreceived "Electronics Business of the Year" award in Small Business Awards 2018organized by Franchise India and "Most Impactful 30 Power Brands 2018" award atPower Brands Glam- BFJA 2018.your Company got the 7th Ranked in the category "TheVery Best Speaker Brands" at www.ranker.com.

As you are aware that now Your Company is Listed Entity During the month of May2018 Company came out with Initial Public Offer of 3333000 Equity Shares at a Price ofRs. 140/- per share (including Premium of Rs. 130/- per share). Getting listed shall giveus major three benefits. : First one is branding of the company second one is wealthcreation for our stakeholders and third one is we have enough working capital for ourfurther expansion.

The year 2017-18 was full of opportunities. As of now we are focusing on Branding ofour company. At this point of time I have the pleasure and privilege to share with youthe highlights of the year's performance as mentioned below:

At Consolidated level The total revenue of the company during the year under thereview was Rs. 3359520295 (2017-18) & company has posted Profit after Tax of Rs.140294820 At Standalone level The total revenue of the company during the year underthe review was Rs. 1922420000 (2017-18) and the company has posted Profit after Tax ofRs.46850344 .

We have successfully installed and executed the PA System at the Kumbh Mela Ujjainalong with participation in various exhibitions like Secutech at Mumbai IndiaElectronics and Electrical Expo at Antananarivo Madagascar HKTDC Electronics fair atHongkong Infocomm at Mumbai Indian DJ Expo at Delhi Palm Expo at Mumbai. Etc.

I once again extend my warm wishes and thank our investors bankers board MembersPartners suppliers employees and customers for their trust and support May you all havegreat decades ahead!

I look forward to your support and encouragement in making your company the Leader inthe field of PA System.

With Best Regards
Amarjit Singh Kalra
Chariman & Managing Director