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Man Industries (India) Ltd.

BSE: 513269 Sector: Metals & Mining
NSE: MANINDS ISIN Code: INE993A01026
BSE 00:00 | 19 Oct 82.80 -3.65
(-4.22%)
OPEN

85.15

HIGH

86.10

LOW

80.05

NSE 00:00 | 19 Oct 82.80 -3.75
(-4.33%)
OPEN

86.55

HIGH

86.55

LOW

79.60

OPEN 85.15
PREVIOUS CLOSE 86.45
VOLUME 55537
52-Week high 161.00
52-Week low 66.70
P/E 5.90
Mkt Cap.(Rs cr) 473
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 85.15
CLOSE 86.45
VOLUME 55537
52-Week high 161.00
52-Week low 66.70
P/E 5.90
Mkt Cap.(Rs cr) 473
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Man Industries (India) Ltd. (MANINDS) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to share with you the 29th annual report for the yearended 31st March 2017.

During the year under review the company has posted satisfactory results despite toughbusiness environment domestically as well as globally.

Your company has been able to maintain its unbroken track record of profitability sinceinception due to its focused and calibrated approach in deployment of resources tooptimise performance.

The prospects of line pipe industry have improved considerably in the domestic marketsdue to renewed focus of Central as well as State Government on investment in Oil Gas andwater Pipeline infrastructure coupled with restrictions on imports of pipes. However theglobal business environment continues to remain challenging due to soft oil prices andgeopolitical uncertainties.

Company has been able to get water pipeline orders from MP Government for its PithampurPlant. All the State governments are now seriously engaged in creating infrastructure forwater management to protect the economy from water shocks.

As on date the Company has a comfortable order book position of about Rs. 1800 crorescomprising of export orders for about 2 lac MTs and domestic orders for about 1 lac MT tobe executed over a period of 9 to 12 months.

Your company's has always been appreciated for its conservative approach in financialleveraging and prudent debt management. Despite low debt our focused continues todeleverage our Balance Sheet. This prudence has resulted in significant reduction infinance cost during the year helping us to ensure better earning per share for itsstakeholders.

The Scheme of arrangement for demerger of its real estate division under ManInfraprojects Ltd continues to remain pending for its full implementation for want ofapproval of the Hon'ble Bombay High Court for modification in the scheme.

On behalf of all the board members and shareholders I wish to put on record my sincereappreciation for the excellent efforts put in by all the team members of the of thecompany. I am also confident they will continue to deliver best out of them and helpcompany to achieve greater heights in the future.

I am also grateful to our bankers government departments and all the stakeholders fortheir continued cooperation and support. I thank all my colleagues on the board for theirguidance and support. I am also thankful to the fellow shareholders who continued toprovide support and repose confidence in the management of the company.

Thank you

R.C. Mansukhani

Chairman