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Ganesh Foundry & Castings Ltd.

BSE: 513448 Sector: Engineering
NSE: N.A. ISIN Code: INE449U01019
BSE 05:30 | 01 Jan Ganesh Foundry & Castings Ltd
NSE 05:30 | 01 Jan Ganesh Foundry & Castings Ltd

Ganesh Foundry & Castings Ltd. (GANESHFOUNDRY) - Chairman Speech

Company chairman speech

Dear Members

I take great pleasure in presenting you the annual report of Ganesh Foundry &Castings Limited for the FY 2019-20. It was yet another year that presented significantopportunities to the Company. We have progressively strengthened our brand and productportfolio and are well-positioned to benefit from the wider macro trends influencingIndia's construction and infrastructure segments. It is our diversified segmental presencewhich adds to our sustainable performance. We continue to venture into new projectstargeting all the sectors of the audience. This ensures balance in marketing and increasedrevenue resulting in efficient working capital base. Further our continued presence invarious ventures provides the necessary shield against industry slowdown and enhances ourgoodwill which we expect to leverage in our projects. The Company has posted a net profitof Rs. 53.11 Lakhs for the year ended 2019-20. Further I am grateful to all ourshareholders for your consistent support and I can assure you that we in Ganesh Foundry& Castings Limited will continue to strive very hard to be worthy of your trust. Onbehalf of Ganesh Foundry & Castings Limited's Board of Directors I want to thank allour shareholders for their sustained support and all our customers and business partnersfor their firm faith in our ability to deliver. Going beyond let me also take thisopportunity to thank our entire workforce who made our growth and success in FY 2019-20possible through their hard work and dedication. We will continue to put up a good showand achieve newer milestones going ahead.

Warm Regards
Ashok Kumar Bajoria
Chairman

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