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Libas Consumer Products Ltd.

BSE: 538391 Sector: Industrials
NSE: LIBAS ISIN Code: INE908V01012
BSE 05:30 | 01 Jan Libas Consumer Products Ltd
NSE 00:00 | 26 May 26.20 0.25
(0.96%)
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23.90

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Libas Consumer Products Ltd. (LIBAS) - Chairman Speech

Company chairman speech

Dear Shareholder

The Economic Survey 2020-21 has indicated that the Indian economy is cruising towards amuch quicker growth recovery after the ‘once-in-a-century' Covid-19 crisis. Thesurvey has forecast a ‘V-shaped' economic recovery for the country after the pandemicravaged all key sectors of growth and disrupted demand. The survey forecasts the real GDPgrowth to bounce back sharply in FY22. The country continues to face a tough situationthough both health wise and economically. Lifesaving vaccine is a much sought aftercommodity. So also Oxygen medicines and hospital beds.

In the past all of us have gone through the economic crises and each time we emergedstronger and bounced back. I am hopeful that Covid-19 calamity will also pass at theearliest and in the near future a new wave of business energy will be generated. We dohope that the 2022 AGM will be a normal event.

I would like to place on record our deep appreciation for the efforts put in by theManagement team under the dynamic and strong leadership of the Whole-time Director Shri.Riyaz Ganji. I also extend my rich compliments to my colleagues on the Board who have beenguiding the management towards formulating broad policies to guide the affairs of theCompany. I am extremely grateful to the esteemed shareholders for their unstinted supportin our endeavours.

I would like to express my sincere thanks all shareholders customers and otherstakeholders across the world for their trust in us. And most importantly a note ofthanks to all our members- our key driving force and our biggest assets for their passiontowards Libas.

Nishant Mahimtura
Chairman

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