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Geekay Wires Ltd.

BSE: 535003 Sector: Engineering
NSE: GEEKAYWIRE ISIN Code: INE669X01016
BSE 05:30 | 01 Jan Geekay Wires Ltd
NSE 00:00 | 27 Jan 82.40 -4.35
(-5.01%)
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Geekay Wires Ltd. (GEEKAYWIRE) - Chairman Speech

Company chairman speech

Dear Shareholders

As I write to you life and lifestyles across the world are undergoing a radicalchange. The coronavirus pandemic hasn't ended yet; these are difficult times and we mustprepare to embrace the radical changes in our lives and the way we work.

The impact of COVID-19 pandemic on both the global and domestic economies has beenunprecedented and largely disruptive. The overall business environment remained muted withdemand slackening in almost all sectors. Financial markets also went through extremevolatility owing to stringent lockdowns.

However the second half of the year saw a quicker and remarkable recovery due tounlocking of restrictions pick-up in economic activity favorable government reforms andmass disbursement of vaccines to halt the spread of the virus. Financial markets soared toall-time highs reflecting improvement in investor sentiment.

As the pandemic spread our topmost priority was to ensure the safety of our employeesand facilitating uninterrupted services and support to our customers. Our technology teamplayed a vital role in providing adequate systems to employees so that they can operatesmoothly out of the safety of their homes. We provided remote working technology andprotocols used video calling and virtual meeting platforms to keep our operationsrunning. During the lockdown our technology platform worked successfully and facilitatedin servicing our customers efficiently.

In the past two decades of its existence the company has grown leaps and bounds due toits commitment to adherence to quality standards and innovative measures taken by thepromoters of the company towards its relentless growth. The company is lead by a team ofyoung technocrats who have sound knowledge of Process and Application of the products andare ready to adapt new technologies with the changing needs of the market.

Viewed from a financial lens your company achieved a decrease in profit after tax atRs. 63031822 compared to Rs. 64884542 last year. Your company's revenue for the yearstood at Rs. 1702060243 as against Rs. 1904002829 in the previous year.

I am confident that Geekay Wires Limited with its excellent clients committedassociates and strong and stable staff will continue to deliver significant value to allits stakeholders in the years to come and will achieve our dreams. I am also confident ofcreating sustained value for all our stakeholders as we progressively step into FY2021-22. I would like to thank all our Shareholders Investors Employees Clients andall Other Stakeholders who have always stood by us.

I look forward to your support and encouragement in making your company the Leader inthe Iron and Steel space.

Yours Sincerely

Ghanshyam Dass

Chairman & Managing Director.

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