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Tirupati Forge Ltd.

BSE: 535021 Sector: Engineering
NSE: TIRUPATIFL ISIN Code: INE319Y01024
BSE 05:30 | 01 Jan Tirupati Forge Ltd
NSE 00:00 | 25 Oct 12.90 -0.65
(-4.80%)
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Tirupati Forge Ltd. (TIRUPATIFL) - Chairman Speech

Company chairman speech

Dear Stakeholders

It is my privilege as the Chairman and Managing Director to report the Company'sperformance and share the key highlights of Financial Year 2019-20. As a Company we havealways strived to better our own work by continually deepening our domain expertiseadding value and expanding our product portfolio.

We believe in transparency and therefore consider it our responsibility to update ourshareholders on the Company's performance. Our vision of growth is focused on bothqualitative and quantitative aspects of business. We strive towards achieving excellenceand enhancing value for us as well as our customers.

2019-20 has been an exciting and eventful year with significant achievement. In thisentire journey customers have been at the soul of our initiatives and I sincerely thankthem for their confidence kept with us.

At this point of time I have privilege to share main highlights of the last financialyear's performance (2019-2020):

A Total Revenue from Operations is decreased from Rs. 420940785/- of previous F.Y2018-19 to Rs. 279694609/- of the reporting financial year which is 33.55 % less incompare to the last financial year.

A Total Expenses has decreased from Rs. 362408169/- of

previous financial year to Rs. 275857676/- of the reporting financial year.

A Profit before exceptional & extra-ordinary items and tax decreased fromRs.58532616/- of previous F.Y. 2018-19 to Rs. 3836933/- of the reporting financialyear.

A Net Profit is also decreased from Rs. 41893911/- of previous F.Y. 2018-19 toRs. 2742553/- of the reporting financial year.

A Earnings Per Share (EPS) for the F.Y. 2019-20 is Rs. 0.27/- as

From the above-mentioned result it can be seen that the Company is in continuousendeavor to sustain the growth of the Company. However the net profit of the company isreduced but the Company is in continuous efforts for sustainable growth.

I am glad to inform that the Company had issued Bonus Shares to its ExistingShareholders in the ratio of 6:10 (i.e. Six Equity Shares for Every Ten Equity Shares ofthe Company) in the month of September - October 2019.

I am pleased to announce that the Company's Security is listed and admitted to thedealings of Capital Market segment w.e.f August 04 2020.

I would like to present my gratitude for the assistance and support from BankersInvestors Vendors and most importantly our customers are highly valuable and I express myrespect deep regards and heartfelt thanks to them without whom the wheels of progresscannot move at desired speed.

Sd/-

Hiteshkumar G. Thummar Chairman & Managing Director [DIN: 02112952]

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