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Shanthi Gears Ltd.

BSE: 522034 Sector: Auto
NSE: SHANTIGEAR ISIN Code: INE631A01022
BSE 00:00 | 23 Aug 84.75 -0.25
(-0.29%)
OPEN

84.45

HIGH

84.75

LOW

83.50

NSE 00:00 | 23 Aug 84.75 -0.55
(-0.64%)
OPEN

84.70

HIGH

85.70

LOW

82.75

OPEN 84.45
PREVIOUS CLOSE 85.00
VOLUME 813
52-Week high 139.50
52-Week low 83.50
P/E 18.96
Mkt Cap.(Rs cr) 650
Buy Price 84.75
Buy Qty 1.00
Sell Price 93.00
Sell Qty 500.00
OPEN 84.45
CLOSE 85.00
VOLUME 813
52-Week high 139.50
52-Week low 83.50
P/E 18.96
Mkt Cap.(Rs cr) 650
Buy Price 84.75
Buy Qty 1.00
Sell Price 93.00
Sell Qty 500.00

Shanthi Gears Ltd. (SHANTIGEAR) - Chairman Speech

Company chairman speech

Dear Shareholders

2017-18 was a year of all round performance for Shanthi Gears Limited. The customerdemand for Shanthi's range of products across different sectors and the increasing needfor value added services have contributed substantially to this performance. The year alsowitnessed many challenges relative to rising cost of input materials critical to Shanthi'soperations. Amidst this rather mixed environment Shanthi continued to maintain and enhanceits growth in revenues and profits. Sales grew by 16% to `209.1 Crs and profits after taxgrew by 27% to `28.6 Crs.

Shanthi Gears is well positioned to address opportunities in a variety of industrialsectors and its efforts are gaining momentum in emerging sectors catering to mobility.Product development initiatives with enhanced customer engagement will be the basis ofShanthi's growth in the years ahead. We will continue our efforts in building world classquality products with strong emphasis on manufacturing efficiency and application support.

This will mean greater investment in people their skills and leadership abilities.Shanthi's teams worked well together addressing both opportunities and challenges withequal vigour. Our sincere appreciation goes out to our colleagues who made this happen.

Our Board is a great strength to the company. Our Directors interact with various teamsencouraging and challenging them to set their sight on higher levels of achievementsacross all facets of the company's operations. I thank them for their interest sharingtheir expertise and their wise counsel and look forward to their support.

The support of all of you as Shareholders is indeed most valuable to us in ourcontinuing quest to be admired as a reliable partner for gear transmission solutions.

Sincerely

L. Ramkumar