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RCI Industries & Technologies Ltd.

BSE: 537254 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE140B01014
BSE 00:00 | 30 Sep 7.25 0.62
(9.35%)
OPEN

6.63

HIGH

7.40

LOW

6.63

NSE 05:30 | 01 Jan RCI Industries & Technologies Ltd
OPEN 6.63
PREVIOUS CLOSE 6.63
VOLUME 3454
52-Week high 11.90
52-Week low 6.00
P/E
Mkt Cap.(Rs cr) 11
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.63
CLOSE 6.63
VOLUME 3454
52-Week high 11.90
52-Week low 6.00
P/E
Mkt Cap.(Rs cr) 11
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

RCI Industries & Technologies Ltd. (RCIINDUSTRIES) - Chairman Speech

Company chairman speech

I trust you are all well and safe.

As I ink this statement the Continuation of COVID-19 pandemic and world goes throughsecond/third waves each country is trying hard to keep their industry running. The secondwave of the Covid-19 pandemic has left behind a trail of pain and suffering. My heart goesout to all the families who have been impacted by this health emergency.

The Financial year ended 31st March 2021 due to the continuation of COVID-19pandemic the Company has faced challenges for business growth with the economic slowsdown consumption and impact the global economy shrunk by 3.3% in 2020-21. Your Company hasincurred heavy losses during the current year as well as previous year. However the yearthat was FY21 started on a dismal note as India stepped into Second lockdown. But we areable to continue our production at baddi Himachal Pradesh. This year as well as previousyear is challenging for the industries but we still manage to keep our production at BaddiUnit going.

As you already aware that Company borrowings were declared as Non-Performing Assets(NPA) by the Bankers due to non-payment of borrowed and interest amount during theprevious year. However the management is giving their all efforts and confident about therevival of the Company and already submitted the restructuring plan to the lenders for therevival.

I wish to inform you that we have concentrated our efforts to keep the Company goingconcern and also took the necessary steps to rebuild the Company. And Company hassubmitted tenders to the Government sector and has received orders for job work fromOrdinance factory katni & Ammunition factoy Khadki Pune etc. And also trying tokeep our efforts to get the orders in future as well.

Before I end I would like to thank the entire RCI team who once again have bravedthrough the raging pandemic to meet customer commitments. My thanks to our otherstakeholders who continue to be our partners in growth. I also place on record my sincereappreciation to all our shareholders for their continued confidence and support.

Warm regards

Rajeev Gupta

Chairman & Managing Director

.