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Prakash Steelage Ltd.

BSE: 533239 Sector: Metals & Mining
NSE: PRAKASHSTL ISIN Code: INE696K01024
BSE 16:01 | 06 Dec 4.90 -0.06
(-1.21%)
OPEN

4.90

HIGH

5.00

LOW

4.90

NSE 15:55 | 06 Dec 4.90 -0.10
(-2.00%)
OPEN

5.00

HIGH

5.05

LOW

4.90

OPEN 4.90
PREVIOUS CLOSE 4.96
VOLUME 58418
52-Week high 9.92
52-Week low 4.31
P/E 2.04
Mkt Cap.(Rs cr) 86
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4.90
CLOSE 4.96
VOLUME 58418
52-Week high 9.92
52-Week low 4.31
P/E 2.04
Mkt Cap.(Rs cr) 86
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Prakash Steelage Ltd. (PRAKASHSTL) - Chairman Speech

Company chairman speech

Dear Members

I would like to extend my warm welcome to you all to the 31st Annual General Meetingof the Company. It gives me immense pleasure to inform you that there has been tremendousgrowth in the Company for the Financial Year 2021-22 despite of then prevailing COVID-19Pandemic and this has only been possible by your continued Support and Trust on theCompany.

On the operational front the Company has recorded net revenue of Rs. 8573.76 Lakhs ascompared to Rs. 2537.71 Lakh of Previous Year. In the year 2020-21 the Company hadincurred loss before tax and exceptional item of Rs. 306.50 Lakhs which has turned intoprofit of Rs. 3904.41 Lakhs this year. The net profit after tax inclusive of exceptionalitems has increased toRs. 16350.41 Lakhs as against Rs. 5075.94 Lakhs for the PreviousYear. I am delighted to inform you that the Earning Per Share (EPS) of the Company hasincreased to Rs. 9.34 from Rs. 2.90.

The Company had paid off all its debts due to the Banks by settling it through One TimeSettlement. Presently your Company is a Banking Debt-free Company.

Despite of the adverse situations the Company continues to work and to strive towardsmaking permanent structural changes that will allow the company not just to survive butto grow in the future.

I would like to express my sincere appreciation to our Shareholders for the support andconfidence reposed in us and all other stakeholders and Government agencies our bankersfor the continuing commitment and support in your Company. We look forward for yourcontinued support in this crucial time with the Company.

Regards
Prakash C. Kanugo
Chairman

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