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KKalpana Industries (India) Ltd.

BSE: 526409 Sector: Industrials
NSE: N.A. ISIN Code: INE301C01028
BSE 00:00 | 20 Oct 46.00 0.35
(0.77%)
OPEN

46.05

HIGH

46.75

LOW

45.10

NSE 05:30 | 01 Jan KKalpana Industries (India) Ltd
OPEN 46.05
PREVIOUS CLOSE 45.65
VOLUME 7366
52-Week high 63.00
52-Week low 17.00
P/E 13.11
Mkt Cap.(Rs cr) 433
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 46.05
CLOSE 45.65
VOLUME 7366
52-Week high 63.00
52-Week low 17.00
P/E 13.11
Mkt Cap.(Rs cr) 433
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

KKalpana Industries (India) Ltd. (KKALPANAINDS) - Chairman Speech

Company chairman speech

I feel greatly privileged to welcome you to the 35th Annual GeneralMeeting of your company. The Annual Report and the Board's Report for the FinancialYear ended 31st March 2020 are with you. I am sure you must have gone through them indetail.

Global Economy

According to International Monetary Fund (IMF) the global economy hashit the worst recession since the great depression of the 1930s due to raging pandemicthat has nearly stalled all economic activities across the world. Global economic growthwhich decelerated to 2.9% in 2019 is projected to contract sharply by -3% in 2020 Forseveral reasons the recovery of the global economy would be weaker than expected even ifthe pandemic (COVID-19) recedes for now. These reasons include lingering uncertainty aboutthe return of the contagion confidence failing to improve establishments closuremassive job losses purchasing power erosion and structural shifts in business andhousehold behavior leading to more supply chain disruptions and weak aggregate demand.

Indian Economy

The Indian economy exhibited signs of slowdown during the early part of2020 with Gross Domestic Product (GDP) growth declining to 3.2% for the Financial Year2019-20. The IMF has pegged India's GDP growth for 2020-21 at 1.9%. However in itslatest World Economic Outlook Report the IMF projects a rebound in the growth of IndianEconomy in FY 2021-22.

However one good scenario is that India's Foreign ExchangeReserves stood at US $ 496 billion as at 31st March 2020.

Scenario in Kkalpana Industries (India) Limited

Your company mainly caters to wires and cables packaging footwear andconsumer durables. However nearly all the manufacturing units to which your companysupplies its goods have incurred precipitous contraction in production and consequentlyyour company's topline would be very adversely impacted in the current year i.e.2020-21. Even then your directors see light at the end of the tunnel because of yourcompany's high grade Research and Development (R&D) and All India MarketingNetwork. I take the opportunity to inform the members that your Board of Directors hasfactored in the risk portfolios now being faced by your company. Concrete and effectivesteps are being taken to safeguard the topline and bottomline of your company.

The company's net revenue for the year ended 31st March 2019stood at Rs. 1762.21Crores as against Rs. 2020.83 Crores for the Financial Year 2018-19.Profit after tax for the year under review stands at Rs. 30.64 Crores as against Rs.25.62 Crores in the previous financial year. The Company's EPS is Rs. 3.26 as againstRs. 2.72 in the previous financial year.

Your Directors have recommended dividend of 6% per equity share of Rs.2/- each for the Financial Year ended 31st March 2020. The total outgo will be Rs. 112.89lacs (approximately).

Acknowledgements

As we continue to embark on our transformation journey I wish toexpress my heartfelt gratitude to the members of the Board for providing continuoussupport and guidance to maintain the highest standards of Corporate Governance andprofessionalism in running the day to day business of your company. I also place on recordmy appreciation to regulatory/statutory bodies banks and financial institutions andparticularly the team members of the Company for their whole hearted efforts. My specialthanks goes to you dear members for reposing your trust in the company and helping it toshape it is an institution of great stability. I also thank our various customers andsuppliers based at various parts of the country.

Thank you.

With Best Regards

29th June 2020

Narrindra Suranna

Kolkata

DIN:00060127

Chairman & Managing Director

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