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Satia Industries Ltd.

BSE: 539201 Sector: Industrials
NSE: SATIA ISIN Code: INE170E01023
BSE 00:00 | 03 Dec 87.70 0.05
(0.06%)
OPEN

88.20

HIGH

90.00

LOW

87.45

NSE 00:00 | 03 Dec 87.90 0.35
(0.40%)
OPEN

87.50

HIGH

90.45

LOW

87.50

OPEN 88.20
PREVIOUS CLOSE 87.65
VOLUME 4439
52-Week high 119.45
52-Week low 75.45
P/E 13.15
Mkt Cap.(Rs cr) 877
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 88.20
CLOSE 87.65
VOLUME 4439
52-Week high 119.45
52-Week low 75.45
P/E 13.15
Mkt Cap.(Rs cr) 877
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Satia Industries Ltd. (SATIA) - Chairman Speech

Company chairman speech

Dear Shareholders

Our economy is passing through an unseen crisis especially having adverse impact on thewriting and printing industry with a fall in demand by almost

60% due to Covid-19 epidemic breakout in the country. We are still not sure of how longit will persist and how badly damaged different players in the industry will come outwhich is running at almost 50% capacity utilisation.

Indian Paper Industry was growing the fastest in the world at a steady pace of 6% -7%and once situation normalizes; we are very optimistic that growth story will continue topropel us to produce more paper that is able to compete both quality and cost wise withinternational players as the markets are wide opening to global competition and despitegovernment fiscal support to the domestic industry through anti-dumping duty placed onphotocopier paper and uncoated paper imports from ASEAN countries; we cannot remaincomplacent under such challenging environment.

We have always tried to lived up to your expectations and are going ahead with ourexpansion plans to add another 100000

tons of paper volume to our existing capacity and this is likely to result in top lineof Rs 1600 crore within next two years. Main raw material for this paper machine will bewood pulp only.

meeting this challenge to implement the new plans can not be possible without the trustand support of all stake holders and I assure you we shall definitely come upto yourexpectations this time too. We have always stayed one step ahead in implementing newtechnologies for optimum utilization of resources energy saving and keeping a strictvigil on our environmental obligations.

Once again I thank you all for your continued support and trust placed.

Best Wishes

Dr. Ajay Satia

Chairman & Managing Director

.