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Shyam Century Ferrous Ltd.

BSE: 539252 Sector: Metals & Mining
NSE: SHYAMCENT ISIN Code: INE979R01011
BSE 00:00 | 06 Dec 22.45 0.40
(1.81%)
OPEN

22.35

HIGH

22.95

LOW

21.95

NSE 00:00 | 06 Dec 22.45 0.35
(1.58%)
OPEN

22.20

HIGH

23.00

LOW

21.95

OPEN 22.35
PREVIOUS CLOSE 22.05
VOLUME 59466
52-Week high 38.05
52-Week low 12.60
P/E 9.98
Mkt Cap.(Rs cr) 499
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.35
CLOSE 22.05
VOLUME 59466
52-Week high 38.05
52-Week low 12.60
P/E 9.98
Mkt Cap.(Rs cr) 499
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shyam Century Ferrous Ltd. (SHYAMCENT) - Chairman Speech

Company chairman speech

With business and society affected by the disruptions caused by the COVID-19 pandemicwe took proactive measures to extend support to our employees and other stakeholderswhile effectively managing our business operations. We implemented necessary protocols andundertook measures to go beyond the normal to ensure safety for all.

Dear Shareholders

It's been a different year and thus makes it even more pronounced to discuss thefiscal in detail. There are two ways to look at the pandemic year 2020-21-one marked bydisruptions inconsistencies and loss; and the other is the year's lessons onadaptability agility and resilience. With the pandemic prompting lockdowns and disruptingbusinesses around the world FY 20-21 was hard to gauge. There was significant contractionin the first quarter due to the nationwide lockdown and India's economy contracted by7.7% during the course of the year. During such a difficult time of the pandemic theGovernment and the Reserve Bank of India (RBI) provided significant support to the Indianeconomy by offering numerous stimulus packages reducing interest rates and providingliquidity all of which allowed the Indian economy to recover at a far faster rate. Oureconomy gradually started opening up by the second quarter and signs of revival wereevident in economic activities. Business activities across sectors showed signs ofimprovement in the second quarter with the contraction narrowing down to 7.5%. The Indianeconomy became the second to post positive

GDP results in the third quarter after China. It was because of decreased

COVID-19 positive cases and multiple inoculation drives there was an improvement inpublic morale which resulted in increased GDP - indicative of a positive outlook for theglobal and Indian economy.

Always With Our Employees

Our people have been the backbone of the Company and the driving force behind ourprogress. Over the course of the year we took proactive measures to protect ouremployees' well-being. We made sure that our people stayed healthy by enforcing socialdistancing and personal hygiene norms as well as wearing masks at all times to preventthe virus from spreading. We have thoroughly assured the safety of both permanent andcontract staff. We permitted our employees who were stranded due to the lockdown to stayon the plant premises. The Company also provided them with food and

.