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Sarthak Metals Ltd.

BSE: 540393 Sector: Metals & Mining
NSE: SMLT ISIN Code: INE017W01010
BSE 00:00 | 26 Nov 120.00 17.75
(17.36%)
OPEN

100.85

HIGH

122.70

LOW

99.30

NSE 00:00 | 26 Nov 121.85 19.15
(18.65%)
OPEN

103.00

HIGH

123.20

LOW

98.00

OPEN 100.85
PREVIOUS CLOSE 102.25
VOLUME 58107
52-Week high 122.70
52-Week low 15.20
P/E 20.65
Mkt Cap.(Rs cr) 164
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 100.85
CLOSE 102.25
VOLUME 58107
52-Week high 122.70
52-Week low 15.20
P/E 20.65
Mkt Cap.(Rs cr) 164
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sarthak Metals Ltd. (SMLT) - Chairman Speech

Company chairman speech

Letter to Lharehctders

Dear Stakeholders

At the outset I hope all of our valued patrons are keeping well both physically andmentally during these unheard of and trying times. I sincerely wish all of you the best ofhealth & blessings of the divine to sail through this terrible storm.

We are pleased to share with you the Annual Report of your Company for the FinancialYear 2021. The year started on a startling note with uncertainty of absurd proportions. Itwas unprecedented for your Company's factories to be closed for production (which hadnever happened since inception of your Company) as we cater to a MUST RUN industry. YourCompany's factories were only shut for 8 days during the pandemic as all the major steelplants in India accorded the MUST RUN status to your Company. The confidence our customershave shown in your Company during these times is a testament to the quality and deliverycommitment of your Company.

Indian steel industry is in a super cycle since the last quarter of FY2021. The exportdemand for Indian steel has been unprecedented due to variety of factors but mainlyattributed to the supply chain disruptions in major steel producing nations. India beingself-sufficient due to ore & other critical raw materials has been able to feed theworld's demand in these times of crisis like never before.

Due to high demand of Indian steel the demand for your Company's products in the lastquarter of FY-21 have more than made up for the deficit in demand during the first 3quarters of FY-21. The turnover has increased 3.5% only but EBITDA has jumped by 31.33%.Over the same period your Company has been able to reduce it's finance costs and becomeleaner showing resilience and agility to change during the pandemic. Due to these effortsyour Company's net profit has increased by 72.35% and net profit margin has improved from2.16% to 3.60%. These indicators clearly show the strength of your Company's managementand team.

Further due to your Company's strong supply chain management it has been able to caterto orders where others have failed. You will be pleased to know that due to such highstandards of continuous service even in adverse conditions almost all major steel plantshave granted us a favoured vendor status. This has directly led to 80% capacity fill rateas of 30th April 2021 for the entire FY-22. Your Company is working towards capacityexpansion in the short term without any CAPEX involvements to cater to month on monthincreasing demands both domestic & abroad. Overall the scenario of steel industry andwith that your Company's performance appears to be healthy.

I express my sincere gratitude to all fellow Directors for their invaluablecontribution through their continuous guidance and encouragement which have beenmomentous for the success of the Company. I would also like to thank all our employees fortheir hard work dedication and strong commitment towards our Company during these verytrying times.

I finally thank all of you the stakeholders for your continued patronage and trust inthe management of your Company. I assure you that we are committed to building a Companywhich are all proud of.

Sd/-

Anoop Kumar Bansal

Managing Director

DIN: 01661844

Sarthak Metals Limited

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