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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 2018-19. 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 presence which adds to our sustainable performance. Wecontinue to venture into new projects targeting all the sectors of the audience. Thisensure^ balance in marketing and increased revenue resulting in efficient working capitalbase. Further our continued presence in various ventures provides the necessary shieldagainst industry slowdown and enhances our goodwill which we expect to leverage in ourprojects.

The Company has posted a net profit of Rs. 67.33 Lakhs for the year ended 2018-19.Further I am grateful to all our shareholders for your consistent support and I canassure you that we in Ganesh Foundry & Castings Limited will continue to strive veryhard to be worthy of your trust.

On behalf of Ganesh Foundry & Castings Limited's Board of Directors I want tothank all our shareholders for their sustained support and all our customers and businesspartners for their firm faith in our ability to deliver. Going beyond let me also takethis opportunity to thank our entire workforce who made our growth and success in FY2018-19 possible through their hard work and dedication. We will continue to put up a goodshow and achieve newer milestones going ahead.

Warm Regards

Ashok Kumar Bajoria

Chairman