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Shree Ajit Pulp and Paper Ltd.

BSE: 538795 Sector: Industrials
NSE: N.A. ISIN Code: INE185C01017
BSE 15:22 | 24 May 320.45 -3.10
(-0.96%)
OPEN

345.95

HIGH

345.95

LOW

305.60

NSE 05:30 | 01 Jan Shree Ajit Pulp and Paper Ltd
OPEN 345.95
PREVIOUS CLOSE 323.55
VOLUME 426
52-Week high 414.00
52-Week low 286.00
P/E 5.60
Mkt Cap.(Rs cr) 172
Buy Price 320.55
Buy Qty 31.00
Sell Price 326.90
Sell Qty 5.00
OPEN 345.95
CLOSE 323.55
VOLUME 426
52-Week high 414.00
52-Week low 286.00
P/E 5.60
Mkt Cap.(Rs cr) 172
Buy Price 320.55
Buy Qty 31.00
Sell Price 326.90
Sell Qty 5.00

Shree Ajit Pulp and Paper Ltd. (SHAJITPULP) - Chairman Speech

Company chairman speech

“Success usually comes to those who are too busy to be looking forit” Henry David Thoreau

Dear Shareholders

I present the 26th Annual Report for the year 2020-21 to our valuedstakeholders and share the key highlights of the performance of your Company. As you knowwe all are going through a hard time dealing with this pandemic COVID -19 and we aretrying our best to face the hurdles without giving up. It is a health crisis of the kindwe have not seen in generations. You will be reassured to know that your company has takensteps to adhere to the guidelines for social distancing and other safety measures providedby the government and its authorities keeping in mind utmost safety health andwell-being of our employees and other stakeholders. I urge you to stay safe follow COVIDdiscipline get vaccinated if you are eligible and keep your confidence up.

Your Company persisted and continued to endeavor for Consistencyduring the year under review your Company has recorded excellent performance by achievingTurnover of Rs. 26661/- lakh increased by 10.90% as compared to the previous year whileNet Profit of Rs. 2465/- lakh strengthened by 25.45% as compared to the previous yearand exports increased in quantity by 197% as compared to the previous year. The Board ofDirectors Recommended 10% dividend to Equity Shareholders. This result is driven by ourconsistent efforts continuous technological advancements quality product and huge baseof satisfied customers. We are constantly looking for growth opportunities in the mannermost beneficial to all the Stakeholders.

Paper and paper board is a core industry that plays a vital role in theeconomic growth of our country. The industry is expected to grow in coming years due toincrease in economic activities. The corrugated box production in India has seenremarkable improvement in the past ten years. Quality has been driven by large consumerproduct companies and exporters who cannot afford to have their goods arrive in bent boxeswith other problems. Apart from the import of better paper and corrugation machines someof the organized players have upgraded raw material and technology to address the demandgrowth.

Consumer awareness concerning eco-friendliness sustainabilityreplacement of plastic rise of e-commerce and growth in retail are again big boosters forthe demand of packaging paper and paper board. Although the COVID-19 pandemic has affectedthe growth of writing and printing paper segment including newsprint due to closure ofeducational institution adoption of work from home by offices muted demand for printingof newspapers among others disturbed the consumption of paper and paper products.

In line with our mission to achieve quality rather than quantity weare delivering quality product to our valued customers in India and out of India. TheCompany would continue to focus on its key strengths to achieve healthy growth by furtherenhancement of quality. As a responsible organization we always care for the environmentand we continuously strive to reduce carbon footprint. We believe in ‘Reduce'‘Reuse' & ‘Recycle'. Your Company is Forest Stewardship Council(FSCTM) certified and provide FSCTM certified kraft paper as per customer'srequirement.

As a socially responsible corporate citizen the Company has spent Rs.45.89 Lakh for CSR activities during the financial year 2020-21 towards promoting healthcare activities eradicating hunger poverty and malnutrition and reducing inequalitiesfaced by socially and economically backward groups.

I am grateful to our shareholders customers our Board Members and ouremployees for their faith in us. It gives us immense strength and assurance to focus topursue this journey in a better way going ahead.

The Company will hold its Annual General Meeting on 28th September2021 and I welcome all the shareholders to attend it.

With Best Compliments.
Gautam D. Shah
Chairman & Managing Director DIN: 00397319

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