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Priti International Ltd.

BSE: 535089 Sector: Industrials
NSE: PRITI ISIN Code: INE974Z01015
BSE 05:30 | 01 Jan Priti International Ltd
NSE 05:30 | 01 Jan Priti International Ltd

Priti International Ltd. (PRITI) - Chairman Speech

Company chairman speech

Dear Shareholders

I and the Board of Directors of the company welcome you to the 2nd AnnualGeneral Meeting of the "PRITI INTERNATIONAL LIMITED". The company has deliveredgood performance during the year as we made steady progress in transforming the Companyinto a leaner and more globally-focused player. It was indeed an eventful year as we haveclocked tremendous growth in terms of revenue as well as profit for the year.

With a strong financial performance during year and purposeful strides on strategicmilestones the uptick is likely to sustain over the coming years at a moderated pacedirected towards our vision of expanding Handicraft business globally as well as locally.Highlighting the financial achievements for the year:

• Total Revenue for the year Rs. 2420.48 Lacs

• Profit before tax was Rs. 266.34 Lacs

• Profit after tax was Rs. 192.05 Lacs

Stepping up our commitment to the vision-backed strategy of establishing a domesticmarket segment was successful. We executed well against core operating initiatives acrossthe business worked hard to grow the market position by focusing our technologicaldevelopment towards conversion of waste into useful product and deliver true valueproducts to our Customers. As an individual we all are accountable for the contributionmade to the planet's pollution and waste buildup but we as a corporate body are engaged inthe activity of recycling waste which is a step towards Green India.

We are working on the technologies of the future to provide seamless access and abetter quality of products and outstanding experiences to customers. We are committed tomake people's lives better by changing the way the world moves. We are committed tocreating value and delivering long-term profitable growth for our stakeholders.

Finally I would like to thank our customers around the world for their business andtheir trust. I would also like to thank our employees for the wonderful work they doday-in and day-out to earn this trust and to help our customers in their transformationjourney.

Goverdhan Das Lohiya

Chairman and Whole-time Director