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Kanani Industries Ltd.

BSE: 506184 Sector: Consumer
NSE: KANANIIND ISIN Code: INE879E01037
BSE 00:00 | 12 Aug 11.36 -0.59
(-4.94%)
OPEN

12.54

HIGH

12.54

LOW

11.36

NSE 00:00 | 12 Aug 11.25 -0.55
(-4.66%)
OPEN

12.35

HIGH

12.35

LOW

11.25

OPEN 12.54
PREVIOUS CLOSE 11.95
VOLUME 409828
52-Week high 42.70
52-Week low 7.23
P/E 103.27
Mkt Cap.(Rs cr) 112
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.54
CLOSE 11.95
VOLUME 409828
52-Week high 42.70
52-Week low 7.23
P/E 103.27
Mkt Cap.(Rs cr) 112
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kanani Industries Ltd. (KANANIIND) - Chairman Speech

Company chairman speech

Dear Shareholders

It is our privilege to write to you and present the Annual Report for FY21.

These are challenging times and I hope you and all other members of your family aresafe and in good health.

India's diamond industry witnessed one of its most challenging years during FY 21 withdeclining sales figures vis-a-vis the previous few years owing to weak domestic demand andfalling exports.

We would like to assure the shareholders that your Company has taken every step toensure safety of the employees and the community We have established world-class safetymeasures and preventive protocols at all locations. We are taking employees health andsafety as the number one priority during the lockdown unlock and ramp up period.

The world and certainly India has seen significant change - various lockdowns andunlocks continued due to the COVID-19 pandemic. However slowly but surely we are tryingto come back to what would be the new normal. The impact that this pandemic has had on ourlives and livelihoods - right from reduction in GDP to employment uncertainties to supplychain disruptions - would take significant time to undo.

Our performance- We recorded revenues of Rs.77.16 Crores and EBITDA of Rs.52.51 Lacsduring the FY 21.

Significant cost control measures focus on exports helped the Company to improve theoperating EBITDA margin during the year under review in spite of lockdown.

Ws express our sincere thanks to all our Customers Suppliers Shareholders EmployeesBankers Auditors for their continued support in these difficult times.

STAYSAFE

Chairman Whole-Time Director

.