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Omax Autos Ltd.

BSE: 520021 Sector: Auto
NSE: OMAXAUTO ISIN Code: INE090B01011
BSE 00:00 | 01 Dec 62.80 3.35
(5.63%)
OPEN

58.20

HIGH

64.10

LOW

58.20

NSE 00:00 | 01 Dec 62.85 3.55
(5.99%)
OPEN

60.90

HIGH

64.00

LOW

59.65

OPEN 58.20
PREVIOUS CLOSE 59.45
VOLUME 35368
52-Week high 87.60
52-Week low 41.70
P/E
Mkt Cap.(Rs cr) 134
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 58.20
CLOSE 59.45
VOLUME 35368
52-Week high 87.60
52-Week low 41.70
P/E
Mkt Cap.(Rs cr) 134
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Omax Autos Ltd. (OMAXAUTO) - Chairman Speech

Company chairman speech

Dear Stakeholders

I hope that you and your loved ones are keeping safe healthy andhappy. As the country slowly recovers from the disastrous consequences of the COVID-19pandemic it is of utmost importance that we take care of ourselves and our families.

As the Chairman of the Company I feel privileged to communicate withyou through this 39th Annual Report of the Company.

The second wave of the pandemic hampered economic activity in the firsthalf of the financial year while we saw a slow but steady recovery in the second half.The vaccination drive spearheaded by the government in collaboration with key stakeholdershas gone a long way in restoring normalcy in day to day life. The Company has still a longway to go in attaining normalcy but gradually things are improving as a result of goodefforts made by the management to improve sales reduce debt and improve productivity.

Honesty is an ideal which we shall always seek to uphold. Thus it isin our best interest to portray the financial status of the Company in its entirety.During the financial year 2021-22 the total revenue of the Company was Rs.253.77 Croresas compared to total revenue of Rs.183.53 Crores during FY 2020-21. The Company hasachieved Profit before tax for the year under review Rs.22.70 Crore as against Rs.-11.54Crore for the previous financial year. The Company has achieved significant targets interms of sales improvement as well as cost reduction.

Friends how we react to different situations is what is mostimportant. The Company has faced the challenge of the pandemic head on and the managementis confident that with your support recovery for the Company is guaranteed. Now that mostof the general populace is vaccinated the country is on its way to achieving immunityfrom this deadly disease. Hopefully the situation will slowly normalize within fewmonths. The company has started operations from our new long member plant which is cashpositive and performing as per expectation the new railway plant has also been fullycommissioned and is under trial production. These 2 milestones have been achieved throughteam work sincerity and dedication of all the company's stakeholders.

Thus I would like to conclude by extending my heartfelt gratitude toall the customers vendors shareholders banks the government and all other stakeholdersfor their unconditional support to the Company. I wish all stakeholders a very healthy andsafe festive season ahead. At the end of every storm there comes a rainbow and on thispositive note I would like to assert my belief that good things are ahead of us.

Mr. Bharat Kaushal
(Chairman)

.