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Raj Packaging Industries Ltd.

BSE: 530111 Sector: Industrials
NSE: N.A. ISIN Code: INE639C01013
BSE 00:00 | 17 Feb 25.10 0
(0.00%)
OPEN

25.10

HIGH

25.10

LOW

25.10

NSE 05:30 | 01 Jan Raj Packaging Industries Ltd
OPEN 25.10
PREVIOUS CLOSE 25.10
VOLUME 50
52-Week high 35.45
52-Week low 16.80
P/E
Mkt Cap.(Rs cr) 11
Buy Price 26.50
Buy Qty 1.00
Sell Price 25.10
Sell Qty 2166.00
OPEN 25.10
CLOSE 25.10
VOLUME 50
52-Week high 35.45
52-Week low 16.80
P/E
Mkt Cap.(Rs cr) 11
Buy Price 26.50
Buy Qty 1.00
Sell Price 25.10
Sell Qty 2166.00

Raj Packaging Industries Ltd. (RAJPACKAGING) - Chairman Speech

Company chairman speech

Ladies and Gentlemen

It is my pleasure to Welcome you all at the 32nd Annual General Meeting of your Company- Raj Packaging Industries Limited. At the Outset I would like to thank you for yourcontinuous trust support and patronage extended to the Company.

The Directors' Report Auditor's Report and the Audited Accounts with the Notes thereonfor the year 2018-19 has been in your hands for some time now. With your consent I shalltake them as read.The Annual Report sent to you gives a detailed overview of yourCompany's performance acrossvarious quantitative and qualitative parameters during theYear 2018-19. During the year the Company has earned a total income of Rs.3437.32 Lakhsagainst previous yearRs. 3841.91 Lakhs and the loss after tax is Rs. 15.51 Lakhs againstProfit of Rs. 120.89 Lakhs in the Previous year. We are very thankful to the stakeholdersof the Company for being our pillars of strength in spite of the toughest Financial yearwhich the Company had to witness. There are assorted factors that contributed in towingthe Company's performance including volatility in prices beyond expectations exchangerate fluctuations dearth in demand and most importantly the increase in overheads due toexpansion.

During the current year 2019-20 the Company has expanded the capacity and havevertically integrated the facilities for printing and lamination. The Company has taken upexpansion project including CAPEX of Rs.720 Lakhs. It has been financed by combination ofTerm Loan from Bank internal accruals and Unsecured Loans. So far the Company has spentRs.608 Lakhs on the expansion project. The plant has been installed and the commercialproduction has commenced from 3rd December 2018. The Management of the Company ispositive towards the outcome of the expansion. The expansion plan will augment theTurnover and overall profitability of the Company. The same will reflected in theFinancials of the Company in the current Financial year. The Management is very hopeful inrecovering its financial stance through the expansion plan and marketing strategies.

I would like to thank my fellow Directors on the Board and the members of variousCommittee for their support. I and my colleagues thank the Stock Exchange NSDL CDSLLegal Advisors Auditors StateBank of India Government of Telangana and other State andCentral Institutions for their valuablesupport and guidance.

Before I conclude I wish to place on record my sincere thanks to the Shareholders forsustainedconfidence reposed in the Board and to our Customers for their Continuedconfidence in the Company.I also thank employees for their dedicated and sincerecontribution made by them for theOrganization's growth and success.

Thank You

Chairman