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Shrenik Ltd.

BSE: 538441 Sector: Others
NSE: SHRENIK ISIN Code: INE632X01030
BSE 05:30 | 01 Jan Shrenik Ltd
NSE 00:00 | 08 Aug 1.95
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Shrenik Ltd. (SHRENIK) - Chairman Speech

Company chairman speech

Valued Stakeholders

The glad to announced that the Company is successfully got its listing migrated fromthe SME Platform (EMERGE) to National Stock Exchange (Capital Market Segment – MainBoard) with effect from August 2 2019. Secondly the Company is the first in Asia to havedeveloped its own Copier Brand known as "Shrenik Premium Copier Paper" and inthe process of appointing the distributors for its brand in Maharashtra Gujarat andJaipur. We are quite hopeful of our product getting received well in the Market that shalldrastically increase the sales pattern of the Company.

The year 2019-20 leading with the challenges due to the lockdown and the subsequentstoppage of all economic activity from Mid-March 2020 has adversely affected the Company'soperations. Thus we are making every effort to combat this unprecedented pandemic andthis global crisis has forced a lot of businesses to reassess their strategies and include'out of the box' reforms and solution to not just sustain but grow their business. Ourdetermination and resolve will enable us to overcome the challenges ahead. I hope toensure that the Company emerges in the best possible shape to address the opportunitiesof the future.

I believe that the present times of adversity will lead to opportunities and robust thebusinesses with innovative ideas and also greatly encouraged by the Hon. Prime Minister'scall of Atma Nirbhar Bharat we are going to introduce a new revenue model "One StopShops".

This is our strong strategy to build our "Retail presence". In "One StopShop" every kind of papers will be readily available in the shop only for instantself-delivery of the goods. At present we serve through "One Stop Shops" in thestate of Gujarat through various centers viz. Anand Bharuch Godhara Himmatnagar KalolBhuj Navsari Palanpur Morbi Patan Surendranagar Mehsana and Bhavnagar. The Companyis planning to spread its wings in other States like Maharashtra and Rajasthan throughopen new Branches. It shall result in wider geographical expansion and escalated revenue.

Becoming a Wholesaler and a Retailer is a great Business move that can help theBusiness growth as well as enjoy having a hands-on relationship with the Customers. Forthat we have developed extensive experience in meeting the diverse needs of both types ofCustomers.

Nowadays emerging markets will drive the market for the paper packaging segment withapplications across Industries like healthcare personal care home care retail andothers. With the focus now shifting towards eco-friendly and sustainability paperpackaging is expected to gain traction for paper packaging products over plasticpackaging. Hence the Company is in the process of putting foot forward toward the paperpackaging in the coming decade.

Lastly I would like to thank our Customers Vendors and Stakeholders as well as Banksand Financial Intermediaries for the valuing support confidence and trust they havereposed in us. We ensure to maintain our level of commitment and dedication which willlead the next stage of prosperity for the Company. I commit to dedicate my best efforts inthe direction of progress of the Company.

With Warm Regards

Shrenik Vimawala

Chairman and Managing Director Shrenik Limited

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