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Mohota Industries Ltd.

BSE: 530047 Sector: Industrials
NSE: MOHOTAIND ISIN Code: INE313D01013
BSE 00:00 | 19 Feb 37.80 -0.70
(-1.82%)
OPEN

40.00

HIGH

40.00

LOW

37.50

NSE 00:00 | 19 Feb 37.60 -1.15
(-2.97%)
OPEN

39.90

HIGH

39.90

LOW

37.05

OPEN 40.00
PREVIOUS CLOSE 38.50
VOLUME 1407
52-Week high 345.00
52-Week low 34.75
P/E 18.09
Mkt Cap.(Rs cr) 56
Buy Price 36.60
Buy Qty 5.00
Sell Price 38.00
Sell Qty 32.00
OPEN 40.00
CLOSE 38.50
VOLUME 1407
52-Week high 345.00
52-Week low 34.75
P/E 18.09
Mkt Cap.(Rs cr) 56
Buy Price 36.60
Buy Qty 5.00
Sell Price 38.00
Sell Qty 32.00

Mohota Industries Ltd. (MOHOTAIND) - Chairman Speech

Company chairman speech

Dear Shareholders

Financial Year 2017-18 was a historic year for the Indian Economy. The landmark GSTlegislation came into place. While there was a lot of apprehension among businesses goinginto it looking back it seems to have been a great step for the Indian economy. TheWorld Bank gave a massive fillip to India in its ‘Ease of Doing Business' rankingsand Moody's upgraded India for the first time in 13 years. The textiles sector hasspecially derived substantial benefits under the new tax regime. We believe that withtime the ironing out of residual issues with this will only bring more benefits to theeconomy.

Your company grew the top-line at the rate of 7.69%. There was a slight improvement inmargins on the back of the closure of loss-making weaving section last year. Howevervolatility in feedstock prices posed some challenge. Overall we believe we achievedmoderate success with various strategic initiatives announced last year. The best yearshowever lie ahead as we tread steadily albeit cautiously on the strategic realignment ofthis 120 years old enterprise.

Like every year this time also I would like to thank all our stakeholders includingcustomers employees and management for contributing meaningfully towards the growth ofMohota Industries Limited. The legacy of this company is our best asset as well as biggestresponsibility. We will continue to build it up further in the coming years.

Sd/-

Dr. Ranchhoddas Mohota

Chairman