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Swarnsarita Jewels India Ltd.

BSE: 526365 Sector: Consumer
NSE: N.A. ISIN Code: INE967A01012
BSE 00:00 | 19 Aug 22.20 -0.70
(-3.06%)
OPEN

22.40

HIGH

22.95

LOW

22.00

NSE 05:30 | 01 Jan Swarnsarita Jewels India Ltd
OPEN 22.40
PREVIOUS CLOSE 22.90
VOLUME 14576
52-Week high 32.00
52-Week low 13.10
P/E 5.17
Mkt Cap.(Rs cr) 46
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.40
CLOSE 22.90
VOLUME 14576
52-Week high 32.00
52-Week low 13.10
P/E 5.17
Mkt Cap.(Rs cr) 46
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Swarnsarita Jewels India Ltd. (SWARNSARITAJEWEL) - Chairman Speech

Company chairman speech

Dear Shareholders

It is our privilege to write to you and present the Annual Report for FY21.

These are challenging times and I hope you and all other members of your family aresafe and in good health.

India's diamond and jeweler's industry witnessed one of its most challenging yearsduring FY 21 with declining sales figures vis-a-vis the previous few years owing to weakdomestic demand and falling exports.

We would like to assure the shareholders that your Company has taken every step toensure safety of the employees and the community. We have established world-class safetymeasures and preventive protocols at all locations. We are taking employees health andsafety as the number one priority during the lockdown unlock and ramp up period.

The world and certainly India has seen significant change - various lockdowns andunlocks continued due to the COVID-19 pandemic. However slowly but surely we are tryingto come back to what would be the new normal. The impact that this pandemic has had on ourlives and livelihoods - right from reduction in GDP to employment uncertainties to supplychain disruptions - would take significant time to undo.

Our performance- We recorded revenues of Rs. 57540.04 lakhs and EBITDA of Rs. 1523.72Lakhs during the FY 21.

Significant cost control measures focus on exports helped the Company to improve theoperating EBITDA margin during the year under review in spite of lockdown.

We express our sincere thanks to all our Customers Suppliers Shareholders EmployeesBankers and Auditors for their continued support in these difficult times.

Mr. Deepak Suthar

Company & Compliance Officer

.