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Maharashtra Seamless Ltd.

BSE: 500265 Sector: Metals & Mining
NSE: MAHSEAMLES ISIN Code: INE271B01025
BSE 00:00 | 28 Nov 386.65 -0.60
(-0.15%)
OPEN

380.00

HIGH

402.85

LOW

380.00

NSE 00:00 | 28 Nov 385.90 -1.35
(-0.35%)
OPEN

389.00

HIGH

403.00

LOW

382.00

OPEN 380.00
PREVIOUS CLOSE 387.25
VOLUME 25557
52-Week high 455.00
52-Week low 224.00
P/E 12.28
Mkt Cap.(Rs cr) 5,181
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 380.00
CLOSE 387.25
VOLUME 25557
52-Week high 455.00
52-Week low 224.00
P/E 12.28
Mkt Cap.(Rs cr) 5,181
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Maharashtra Seamless Ltd. (MAHSEAMLES) - Chairman Speech

Company chairman speech

Dear Shareholders

I am pleased to share with you the stellar performance of your Companyin the year 2021-22. It is a matter of pride that this was possible despite being anotheryear filled with challenges due to geo political turmoil and economic uncertainty. Russia-Ukraine war created a massive set of challenges ranging from supply chain disruption tosteep escalation in commodity and food prices. Post COVID recovery has been hampered byunprecedented global inflation. Central banks across the world have been tighteningmonetary policy to combat the menace of inflation while trying to avoid recession.

During these uncertain times India has continued its journey towardsbecoming one of the fastest growing economies in the world. The Government of India underthe visionary leadership of Prime Minister has shown tremendous faith in the Indianentrepreneurship. Initiatives like Ease of doing business and PLI schemes have encouragedfresh investments and capacity building.

Our twin goals of maximising shareholders' value and customersatisfaction have propelled us to the position of leadership in our business. Ouracquisition of United Seamless Tubulaar Pvt. Limited has become EPS accretive this yearand we expect continued growth in coming years.

We are pleased with the growing demand for Steel pipes in both domesticand exports market. Our world class quality and competitive pricing promises to captureeven larger market share in future. Cost consciousness and fiscal discipline are the twopillars of strength for your Company. We are committed to introduce new initiatives whichwill further boost our ability to maximise on these core values.

Technology has played a key role in increasing efficiencies across allbusinesses. Your Company has been investing consistently in state of the art technology toensure that the management has access to best tools for effective decision making. We arecommitted to meet the best standards of practices in our endeavour to maintain industryleadership. The success of your Company was possible only due to the relentless efforts ofour workers customers dealers and Bankers. We continue to build a collaborativeenvironment for the employees to encourage team building and motivate them to strive forexcellence. Our employee retention rate has been excellent and this reflects on thequality of inclusive management. Our customers' un_inching faith in us has been thekey reason for our success. We are committed to not only meet their expectations but alsosurpass them. Our loyal team of dealers have played a pivotal role in the strong financialperformance of your Company. We will continue to invest in enabling them to have a swiftand seamless experience while dealing with the Company.

Your Company is committed to fulfil its social responsibility. Everyyear we contribute to the welfare of various needy communities and social causes. Weensure that the villages and towns around the factory have the necessary infrastructurefor hygiene healthcare and education. We will continue to invest in the variousinitiatives for growth and prosperity of the community. I would like to conclude bycongratulating our countrymen on this auspicious occasion of " Azaadi ka AmritMahotsav". We have earned this freedom after years of struggle and we must ensurethat we fulfill the dreams of our freedom _ghters. Industry has an important role to playin ensuring a better life for each and every Indian. We promise to continue with ourrelentless commitment to deliver to the best of our ability and contribute in making usall proud Indians.

Thank you and Jai Hind

D P Jindal

.