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Supreme Engineering Ltd.

BSE: 535105 Sector: Metals & Mining
NSE: SUPREMEENG ISIN Code: INE319Z01013
BSE 05:30 | 01 Jan Supreme Engineering Ltd
NSE 00:00 | 14 Feb 25.50 0
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Supreme Engineering Ltd. (SUPREMEENG) - Chairman Speech

Company chairman speech

Dear Shareholders

On behalf of the board of directors it gives me immense pleasure to welcome you all tothe Thirty first Annual General Meeting of our Company.

The year 2017-2018 has been an eventful year for your Company. During this year SpecialSteels Division has received approvals from most Government agencies for end use indefence space and aerospace. It has also been the year where the Company status haschanged from Private limited to Public limited with a decision to get listed on NSEEmerge.

During the year under review the Company has shown increase in top line by 25.93%vis-a-vis previous Financial year 2016-2017. A more important metric is the jump of PATfrom Rs. 2.4 Crores to Rs. 5 Crores mainly due to emphasis of critical alloys in strategicapplications in the Special Steels Division.

Looking ahead our Country is making policies for localization by way of preference fordomestic content in tenders and increased import duties. Along with this there is anincrease in spend in areas of defense space and clean energy which gives our company anopportunity to grow at a rapid pace. We believe in the highest levels of corporategovernance and we strive to comply with all requirements of corporate governance and worktowards the best interest of all our stakeholders.

Before I conclude I would like to thank the shareholders Customers and Vendors fortheir consistent and unwavering support. I thank all my colleagues on the Board for theirunanimous support and encouragement.

Lastly I would like to show gratitude towards employees for their hard workdedication and continued commitment.

Yours Sincerely

Sd/-

Lalita Chowdhri

Chairperson & Non- Executive Director