You are here » Home » Companies » Company Overview » Supreme Engineering Ltd

Supreme Engineering Ltd.

BSE: 535105 Sector: Metals & Mining
NSE: SUPREMEENG ISIN Code: INE319Z01013
BSE 05:30 | 01 Jan Supreme Engineering Ltd
NSE 00:00 | 03 Jun 24.00 0
(0.00%)
OPEN

24.00

HIGH

24.00

LOW

24.00

OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Supreme Engineering Ltd. (SUPREMEENG) - Chairman Speech

Company chairman speech

Dear Shareholders

On behalf of the board of directors it is my privilege and honour towelcome you all to the Thirty Second Annual General Meeting of our Company.

The year 2018-19 has been an interesting and eventful year for ourCompany. During this year there have been some interested developments such ascertification of our special steels division under AS 9100 D and increase in revenue ofsupply to strategic sectors. We have seen a rise in the demand in aerospace &defencebusiness that is further boosting our order book and bottom line of the Company.

I am glad to inform you that your Company went public and got listed onNSE Emerge on 6th September 2018.

Your Company has achieved the Total Turnover of Rs. 173.57 Croresduring Financial Year 2018- 19 as against the Turnover of 2017-18 Rs. 151.74 Croresshowing an increase of 14.39% over the Previous Year. The management puts continuousefforts to increase the operational efficiency and turnover. Similarly the Net Profit ofyour Company during Financial Year 2018-19 is Rs. 6.76 Crores as against the Net Profit of2017-18 Rs. 5.00 Crores showing notable growth of 35.20% over the Previous Year.

Looking ahead our Country is making policies for localization by wayof preference for domestic content in tenders and increased import duties. Along withthis there is an increase in spend in areas of defense space and clean energy whichgives our company an opportunity to grow at a rapid pace. In addition to this the move bythe government to make BIS compulsory for import of products is further expected to boostdomestic manufacturing.

We believe in the highest levels of corporate governance and we striveto comply with all requirements of corporate governance and work towards the best interestof all our stakeholders.

The Directors are pleased to recommend a final dividend of Rs. 0.50 perequity share on 24995000 equity shares.

Before I conclude I would like to thank the shareholders Customersand Vendors for their consistent and unwavering support. I thank all my colleagues on theBoard for their unanimous support and encouragement.

Lastly I would like to show gratitude towards employees for their hardwork dedication and continued commitment.

Yours Sincerely

Sd/-
Lalita Chowdhri
Chairperson & Non- Executive Director