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Igarashi Motors India Ltd.

BSE: 517380 Sector: Auto
NSE: IGARASHI ISIN Code: INE188B01013
BSE 00:00 | 21 Oct 280.75 -1.35
(-0.48%)
OPEN

287.35

HIGH

287.35

LOW

278.75

NSE 00:00 | 21 Oct 281.40 -0.20
(-0.07%)
OPEN

286.85

HIGH

287.45

LOW

276.80

OPEN 287.35
PREVIOUS CLOSE 282.10
VOLUME 1704
52-Week high 415.70
52-Week low 150.65
P/E 66.53
Mkt Cap.(Rs cr) 884
Buy Price 280.75
Buy Qty 200.00
Sell Price 284.95
Sell Qty 24.00
OPEN 287.35
CLOSE 282.10
VOLUME 1704
52-Week high 415.70
52-Week low 150.65
P/E 66.53
Mkt Cap.(Rs cr) 884
Buy Price 280.75
Buy Qty 200.00
Sell Price 284.95
Sell Qty 24.00

Igarashi Motors India Ltd. (IGARASHI) - Chairman Speech

Company chairman speech

Dear Shareholder

Your Company's financial performance has been adversely impacted due to slowdown in theGlobal Auto Industry. Despite the sales decline your Company has been able to mitigatethe impact on profitability by various cost containment measures. Your Company's shareprice has been under continuous stress amidst the global slowdown witnessed by manyplayers in Automotive Industry and volatile Indian Stock Market.

From a financial performance perspective FY2018-19 was disappointing. The results weposted during the year dropped far beyond our goals due to the impact of Global slowdownin all markets in second half of the year impacting our margin improvement trend of thepast years.

During the year your Company's acquisition of Export Division of Agile Electric SubAssembly Pvt Ltd from October 012018 had paved way for diversification and growth intonew application areas to serve existing & new customers/ market domains. Your Companywould reap benefits of topline growth once Global Market Turnaround happens in the comingmonths.

Your Company's new programs for Global Clients continue to be on track and are expectedto result in significant volume growth in the next few years.

I would like you to join me in complimenting your Company's team for their dedicationand commitment.

As always I am extremely grateful to you shareholders for your understanding andsupport. I assure you we will do our best to gain topline growth and maintainprofitability in near future.

With regards

K K Nohria

Chairman

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