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Lexus Granito (India) Ltd.

BSE: 535001 Sector: Consumer
NSE: LEXUS ISIN Code: INE500X01013
BSE 05:30 | 01 Jan Lexus Granito (India) Ltd
NSE 00:00 | 18 Jun 12.35 -0.10
(-0.80%)
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Lexus Granito (India) Ltd. (LEXUS) - Chairman Speech

Company chairman speech

Mr. Babulal Mahadevbhai Detroja

Chairman & Managing Director

Dear Valued Shareholders

On behalf of Board of Directors I am pleased to welcome you all to the 12thAnnual General Meeting of your Company. At Lexus we have always strived to better ourperformance by continually deepening our domain expertise strengthening capabilities andexpanding our product portfolio. Over the years we have created a legacy of trust andduring the year we continued to build on it. This was a challenging year for the company'sperformance given the financial difficulties we incurred net loss of Rs. 186.84 Lakhs inFY 19-20 as compared to net profit of Rs. 33.31 Lakhs in FY 18-19.

We are overcoming the challenges we faced last year and as we prepare ourselves for thenext phase of growth we are taking strategic steps to achieve strength and scale. We aremaximizing operational efficiencies developing world-class products to expand presencereducing costs and enhancing equipment efficiency to achieve economies of scale. We areprogressing with our focus on tomorrow's need while gearing up for it today.

At last I would like to extend my sincere gratitude to our employees customerspartners business associates and our stakeholders for their undying faith and support.Each one has been a part of our exciting and enriching journey. We continue to seek valuecreation for our stakeholders and persevere in building a sustainable business. Here ishoping for a brighter and stronger future together.

Thanks and Best of Luck!!
BABULAL MAHADEVBHAI DETROJA
Chairman & Managing Director