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Sharda Motor Industries Ltd.

BSE: 535602 Sector: Auto
NSE: SHARDAMOTR ISIN Code: INE597I01010
BSE 00:00 | 23 Aug 926.20 7.05
(0.77%)
OPEN

900.75

HIGH

930.00

LOW

891.05

NSE 00:00 | 23 Aug 924.75 13.40
(1.47%)
OPEN

901.15

HIGH

937.00

LOW

901.15

OPEN 900.75
PREVIOUS CLOSE 919.15
VOLUME 28
52-Week high 2025.00
52-Week low 891.05
P/E 6.58
Mkt Cap.(Rs cr) 551
Buy Price 895.00
Buy Qty 3.00
Sell Price 969.00
Sell Qty 5.00
OPEN 900.75
CLOSE 919.15
VOLUME 28
52-Week high 2025.00
52-Week low 891.05
P/E 6.58
Mkt Cap.(Rs cr) 551
Buy Price 895.00
Buy Qty 3.00
Sell Price 969.00
Sell Qty 5.00

Sharda Motor Industries Ltd. (SHARDAMOTR) - Chairman Speech

Company chairman speech

Dear Valued Shareholders

Fiscal year 2017-18 has been a year of positive sentiments for the Indian economy whichcan be clearly measured from the economic perspective of implementation of Goods andService Tax Law and its streamlining. The Gross Domestic Product (GDP) remains at 7.0%i.e. highest among other countries making it fastest growing economy in the world. Indianautomotive industry ("Industry") has registered over 12 Per Cent Growth for FY2018 achieving a milestone apart from passing through a challenging phase oftransformation from BS-IV to BS-VI emission norms. Further the Company is also keeping atrack on the advancement on Government's policy towards the electric vehicle whichdemands more clarities over certain issues. Your Company is walking on the footprints ofShri N.D. Relan who left for his heavenly abode on 2nd June 2016 with his vision andinspiration of trust determination and excellence the Company has shown a committedfuture growth of approx 51% in profits before tax in line with the highest level ofintegrity and nurturing long term relationships with all the stakeholders.

It has always been the focus of the management of the Company to increase theshareholder's wealth with every passing year while being a socially responsible citizen.In the coming fiscal year we look ahead to excel in the product quality area withincreased focus on research & development. Finally on behalf of all the directors andmanagement of the Company I would like to take this opportunity to thank our dedicatedand motivated employees who are the greatest asset of the Company and who have with theirpassion hard work and commitment taken it to this level. I would also thank all ourcustomers suppliers bankers and stakeholders for reposing their confidence and faith inthe Company.