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Maximus International Ltd.

BSE: 540401 Sector: Others
NSE: N.A. ISIN Code: INE544W01021
BSE 00:00 | 30 Sep 349.80 -18.40
(-5.00%)
OPEN

349.80

HIGH

349.80

LOW

349.80

NSE 05:30 | 01 Jan Maximus International Ltd
OPEN 349.80
PREVIOUS CLOSE 368.20
VOLUME 8881
52-Week high 480.50
52-Week low 86.25
P/E
Mkt Cap.(Rs cr) 4,397
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 349.80
CLOSE 368.20
VOLUME 8881
52-Week high 480.50
52-Week low 86.25
P/E
Mkt Cap.(Rs cr) 4,397
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Maximus International Ltd. (MAXIMUSINTERNA) - Chairman Speech

Company chairman speech

At the outset I am glad to note that business environment is graduallysettling post the turbulent pandemic period and signals of growth prospects seem to beencouraging. I hope you and your family members are in good health and cheer. Sincerelywish that all of us stay Healthy Wealthy & Wise!

I am pleased to inform you that the Company has successfully completed5 years since its listing with the Bombay Stock Exchange (BSE). As you all could observethe Company has grown multifold during this time to reach the current level.

I would like to share that your Company's strategy to effectivelymanage business margins competition...etc has stood it in good stead. Every complex anddifficult situation like supply chain disruption vulnerability in pricing or relativelylower demand in the market have been dealt with prudent and diligent strategies aptly andably supported by immaculate execution by respective teams in your company in India UAE& Kenya. Such uncertainties / challenges have been converted into opportunities thatled to efficient Macro and Micromanaging of supply chain robust and practical CreditManagement & much deeper engagement with customers as well as other stakeholders.

Your Company has a long-term vision of far-reaching global expansion& our East African foray is just the beginning. As business environment is graduallygetting back to normal we are well prepared to grow exponentially over the next fewyears.

In line with the above vision your Company has also drawn up a INR 25Cr expansion plan for the East African operations over the next 2-3 years. This Plan isdesigned to augment is manufacturing capacity by setting up a new State-of-the-Artmanufacturing facility. It will also enable MIL's expansion into high potential markets inother parts of Africa too.

Your Company ambitiously aims to expand its top-line by over 20% CAGRin the same period which will facilitate tripling its manufacturing capacity to 60000klpa.

Your Company as you all are aware is a leading player in theLubricants manufacturing and distribution space with a strong presence in Africa andMiddle East. Your Company operates in Kenya and other African markets through itsStep-down subsidiary 'Quantum Lubricants EA Ltd' (QLL).

Looking at the consolidation as well as the growth in the overallmarket scenario coupled with the Drive in your Company I am confident that the Future ofyour Company holds lots of promise to be ably supported by robust Financial Performancemuch more stable Financial Position Impeccable Compliance and good corporate governance.

Truly Yours Deepak Raval

Chairman & Managing Director

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