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Omfurn India Ltd.

BSE: 535024 Sector: Others
NSE: OMFURN ISIN Code: INE338Y01016
BSE 05:30 | 01 Jan Omfurn India Ltd
NSE 00:00 | 19 Jan 9.90 0
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Omfurn India Ltd. (OMFURN) - Chairman Speech

Company chairman speech

Dear Stakeholders

I welcome you all at the 24th Annual General Meeting of Omfurn IndiaLimited. The performance of the Company for the Financial Year 2020-21 was adverselyimpacted due to pandemic situation and closure of the plant and offices during the lockdown period. In view of outbreak of COVID pandemic the global demand economicenvironment/economic policies are impacted. At the same time government thrust onvaccination will soon reduce the impact of pandemic. Government initiatives like make inIndia will give good opportunity for growth.

The Company has seen decline in its overall performance in the financial year 2020-21driven by the performance of the segment in which the Company operates. The Company hasadequate number of employees at its Registered Office and Factory at Umbergaon and thereis no labour unrest.

Your Company continues to maintain its relatively stable and progressive growthoutlook. The initiative taken by your Company for technology up gradation reducingoverheads and finance costs improving operating parameters and optimizing operating costswill enable the company to face challenges in coming times.

I would also like to place on record my appreciation to the Bankers of the Companycustomers employees and consultants for their valuable support and look forward to theircontinued co-operation in the years to come.

Warm Regards
Rajendra C Vishwakarma
Chairman

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