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Suryaamba Spinning Mills Ltd.

BSE: 533101 Sector: Industrials
NSE: N.A. ISIN Code: INE360J01011
BSE 09:03 | 29 Nov 191.00 10.05
(5.55%)
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HIGH

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NSE 05:30 | 01 Jan Suryaamba Spinning Mills Ltd
OPEN 0.00
PREVIOUS CLOSE 180.95
VOLUME 0
52-Week high 197.95
52-Week low 0.00
P/E 4.97
Mkt Cap.(Rs cr) 56
Buy Price 192.00
Buy Qty 75.00
Sell Price 191.00
Sell Qty 50.00
OPEN 0.00
CLOSE 180.95
VOLUME 0
52-Week high 197.95
52-Week low 0.00
P/E 4.97
Mkt Cap.(Rs cr) 56
Buy Price 192.00
Buy Qty 75.00
Sell Price 191.00
Sell Qty 50.00

Suryaamba Spinning Mills Ltd. (SURYAAMBASPINNI) - Chairman Speech

Company chairman speech

Dear Shareholders

Suryaamba is happy to present to you its 13th Annual Report pertaining tofinancial year 2019-20. On behalf of the Board of Directors and the Company it is mypleasure to extend a warm welcome to you all to the 13th Annual General Meetingof the Company. The Company focused to play on its strengths and posted a stable financialperformance. We take this opportunity to acknowledge the support expertise and faith inus demonstrated by you all.

While this was a year of extreme economic challenges for the world never had weimagined an environment aggravated beyond measures by Covid-19 pandemic. According to theWorld Bank the global economy decelerated to an estimated 2.4 percent in 2019 theslowest pace since the global financial crisis. The macro-economic factors that caused aslowdown in FY 2019-20 will continue in FY 2020-21 with the first half of calendar year2020 completely dominated by the pandemic and the consequent lockdowns. The COVID-19pandemic has created an extreme pressure on global economies and has severely hit manyindustries the Indian Textile Industry not being immune to this slowdown and challenges.

Going forward the Covid-19 pandemic may have an extended impact and despite the bleakmacroeconomic scenario in the near term we wish to remain optimistic and recalibrategrowth strategy to address these challenges and to make use of the new opportunities.

I wish to thank all our stakeholders who are standing by us through this difficult timeand express my sincere gratitude to our shareholders bankers customers Board ofDirectors and our committed employees. These are challenging and uncertain times as acompany and community we can get through this and rise together.

Regards

Virender Kumar Agarwal.

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