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Sandhar Technologies Limited.

BSE: 541163 Sector: Auto
NSE: SANDHAR ISIN Code: INE278H01035
BSE 00:00 | 17 Oct 228.05 -1.45
(-0.63%)
OPEN

230.65

HIGH

230.65

LOW

228.00

NSE 00:00 | 17 Oct 230.25 0.20
(0.09%)
OPEN

234.65

HIGH

234.65

LOW

229.65

OPEN 230.65
PREVIOUS CLOSE 229.50
VOLUME 725
52-Week high 359.00
52-Week low 222.75
P/E 15.14
Mkt Cap.(Rs cr) 1,373
Buy Price 230.00
Buy Qty 3.00
Sell Price 244.00
Sell Qty 1.00
OPEN 230.65
CLOSE 229.50
VOLUME 725
52-Week high 359.00
52-Week low 222.75
P/E 15.14
Mkt Cap.(Rs cr) 1,373
Buy Price 230.00
Buy Qty 3.00
Sell Price 244.00
Sell Qty 1.00

Sandhar Technologies Limited. (SANDHAR) - Chairman Speech

Company chairman speech

DEAR SHAREHOLDERS

IT GIVES ME IMMENSE PLEASURE TO REACH YOU THROUGH THIS ANNUAL REPORT

It is indeed a historic moment in the history of Sandhar as we present you this firstAnnual Report post the Company's maiden listing on Bombay Stock Exchange & NationalStock Exchange. This heralds the Company's presence on the bourses amidst a wider reach ofstakeholders. We are proud indeed of what we have achieved so far and are now geared tomove to the next echelon of growth.

From our humble beginnings which commenced over three decades ago we have beenwitnessing a journey of growth and success. Our team has worked hard to build our positionas one of the foremost automotive component player in the field of automotive safety &security components. Quality has been our top priority and we have invested in our peoplein Research & Development for technology leadership and step-by-step we haveoptimized our operations.

The global auto component industry is more challenged than many people realize. On thesurface performance is strong. Though the Revenue numbers and the Profit margins arerelatively high as compared to many other industries however the expectation of thestakeholders have moved towards Total Shareholder Return and Return on Capital Invested.We are cognizant of these aspects. In our endeavour to create value for stakeholders wedeclared a total dividend (interim and final) of 20% during the fiscal 2018.

The automotive industry is becoming increasingly collaborative in nature. No individualcompany can develop everything needed for the next generation of more automated andintelligent vehicles by themselves. Partnering is becoming increasingly important forSandhar and in the year under review we successfully joined hands with industry leadersin the field of automotive electronics and components which cater to the emission normsrequirement. The details of such technical collaborations and joint ventures are brieflyinscribed in the Annual Report.

We are very hopeful that as we progress in the near future the results of thesecollaborations would have a positive bearing on the Company's future and would enhance thestakeholder's value immensely.

D. N. Davar

Chairman