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Supreme Engineering Ltd.

BSE: 535105 Sector: Metals & Mining
NSE: SUPREMEENG ISIN Code: INE319Z01021
BSE 05:30 | 01 Jan Supreme Engineering Ltd
NSE 12:09 | 16 May 2.65 0.10
(3.92%)
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Supreme Engineering Ltd. (SUPREMEENG) - Chairman Speech

Company chairman speech

Dear Shareholders

On behalf of the board of directors it is my privilege and honour to welcome you allto the Thirty Fourth Annual General Meeting of our Company.

FY 2020-21 has been a challenging year for most businesses. The pandemic taught us newways of working and tested every business. During this time we realized the importance ofvarious aspects of life that we usually took for granted.

The Company as well faced difficulties due to oxygen shortages which led to supplychain and production disruption for a short period of time. However the Company bouncedback in Q4 of the fiscal year with 2758.98 Lakhs turnover and operating profits of 449.21Lakhs within the quarter.

The Company closed the year with a turnover of 6999.08 Lakhs and an EBITA margin of917.38 lakhs.

There has been immense increase in the demand for the strategic sectors owing to thecommitment of "AtmaNirbhar Bharat" by the government of India. As importsubstitutes in a technologically challenging area we see a huge opportunity for thebusiness.

The Company continues to make endeavor to indigenize more and more special alloys torestrict imports and make our country self-reliant.

Before I conclude I would like to thank the shareholders customers and vendors fortheir continued support. We continue to work in the best interest of all our stakeholdersand strive for the highest levels of corporate governance.

Yours Sincerely

Sd/-

Sanjay Chowdhri

Chairman and Managing Director

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