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Technofab Engineering Ltd.

BSE: 533216 Sector: Engineering
NSE: TECHNOFAB ISIN Code: INE509K01011
BSE 00:00 | 13 Jul 180.00 -3.60
(-1.96%)
OPEN

182.00

HIGH

182.00

LOW

180.00

NSE 00:00 | 13 Jul 184.00 1.35
(0.74%)
OPEN

182.65

HIGH

184.95

LOW

181.00

OPEN 182.00
PREVIOUS CLOSE 183.60
VOLUME 51
52-Week high 339.40
52-Week low 160.55
P/E 13.93
Mkt Cap.(Rs cr) 189
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 182.00
CLOSE 183.60
VOLUME 51
52-Week high 339.40
52-Week low 160.55
P/E 13.93
Mkt Cap.(Rs cr) 189
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Technofab Engineering Ltd. (TECHNOFAB) - Chairman Speech

Company chairman speech

It gives me great pleasure to welcome you all to our Company's 46th Annual GeneralMeeting.

Our Company has gone through five successive stressful years and it is with somesatisfaction that I can say that we have successfully been able to cope with thesediffcult times. Our policy of not being swayed by short term considerations and takingalways a long term view on business issues has helped. Keeping in step with the marketand diversifying our sectoral base whilst sticking to our core competence has paid ofi.

Today we see two distinct and opposite threads in our business. Even though restrictedto three sectors mainly we have been able to secure record new business which is thefoundation of future performance. While this augurs well for the long term in the shortterm we are held back by legacy issues emanating mainly from the business we secured fromprivate sector power plants some years ago.

Even the two major recent Central Government initiatives viz. demonetization and GSTwhile beneficial overall have had some short term adverse impact.

While our business performance in financial terms in last few years has been mediocreand this may continue till first half of FY 2018 I see a steady improvement beginningsecond half of FY 2018.

I look ahead to the future with a quiet confidence

With my warmest wishes

Avinash C Gupta