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KKalpana Industries (India) Ltd.

BSE: 526409 Sector: Industrials
NSE: N.A. ISIN Code: INE301C01028
BSE 00:00 | 30 Oct 18.65 0.05
(0.27%)
OPEN

18.50

HIGH

19.20

LOW

17.85

NSE 05:30 | 01 Jan KKalpana Industries (India) Ltd
OPEN 18.50
PREVIOUS CLOSE 18.60
VOLUME 2112
52-Week high 26.45
52-Week low 11.95
P/E 7.12
Mkt Cap.(Rs cr) 175
Buy Price 17.90
Buy Qty 448.00
Sell Price 19.20
Sell Qty 100.00
OPEN 18.50
CLOSE 18.60
VOLUME 2112
52-Week high 26.45
52-Week low 11.95
P/E 7.12
Mkt Cap.(Rs cr) 175
Buy Price 17.90
Buy Qty 448.00
Sell Price 19.20
Sell Qty 100.00

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

Company chairman speech

Dear Shareholders

Dear Shareholders

I take the opportunity of welcoming you to the 34th Annual General Meetingof your company. The Annual Report and the Board’s Report for the year ended 31stMarch 2019 are with you. I hope you must have glanced through them. Global economicgrowth remained subdued at 3.6% in 2018 as against 3.8% in 2019. The year 2018was impactedby weaker performance in the European Union and China. As a consequence thereof globaltrade also weakened towards the middle of 2018 partly due to impact of tariff war betweenUnited States of America and China and higher energy prices.

Indian economy remained the fastest growing major economy in the world in 2018-2019.The Gross Domestic Product was 6.8% driven by strong private consumption growth at 8.1%.

However due to economic weakness in Europe and China India cannot remain immune. TheIndian economy has too started slowing down. This will have pernicious adverse impact ona number of sectors particularly auto steel reality and mining.

In light of the foregoing your company has started taking effective steps to safeguardthe topline and bottomline of the company. In this regard you should be happy to notethat your company recognizes that continuous innovation across products processes andsystems will be the springboard to catapult your company to higher profits and growth.Your directors are confident that these steps will protect your company from the adverseimpact of slowdown in Indian economy.

The company’s net revenue for the year ended 31st March 2019 stood atRs. 2020.83 Crores as against Rs. 1735.77 Crores for the Financial Year 2017-18. Profitafter tax for the year under review stands at Rs. 25.62 Crores as against Rs. 21.97Crores in the previous financial year. The Company’s EPS is Rs. 2.72 as against Rs.2.34 in the previous financial year.

I am proud to inform the shareholders that your company has a dominant place in plasticindustry in India. The products of your company are well received by the consumers. Yourcompany has also made inroads in foreign markets.

Your directors recommended a dividend of 12% per equity share of Rs. 2/- each for theFinancial Year ended 31st March 2019. The payout is expected to be Rs.27173752.28 (inclusive of dividend distribution tax of Rs.4596249.08). Let us allhope that the directors of your company will leave no stones unturned for upward journeyof operation and revenue.

To conclude I extend my appreciation and gratitude to all stakeholders of the companyalongwith the valued customers committed employees and directors for their persistencesupport and unstinted trust. Your directors are also grateful to financial institutionsfor their continued co-operation and guidance.

Thankyou. With Best Regards
Date: 28th May 2019 Narrindra Suranna
Kolkata DIN:00060127
Chairman & Managing Director

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